[FRIAM] (not) leaving Twitter

[Roger Critchlow]

My play with etoro.com is extremely limited.  Pentland talks about
interventions to nudge investors out of bubbles, where people get all into
chasing a single investment theory.  He also talks about hedge funds where
every investment is permanently on 90 day probation.  But that's all
happening at the tops of the markets, and the tops of the markets are all
entranced by the rewards of being the biggest bullies in their respective
siloes and becoming bigger siloes.

The old Los Alamos National Bank, LANB, was founded by a LANL scientist as
an antidote to big-bank homogenization.  There are still hints of that
origin in https://www.linkedin.com/company/los-alamos-national-bank/, but
LANB sold itself out to a big bank several years ago.

But are spotify and instagram internationally homogenous?  I get the
impression that they're caught in the western world bubble, which only
pretends to be the whole world.  We sort of have a world culture that is
purely technical: electricity, heat engines, cell phones, internet
protocol, unicode, cellphone localization clusters in space-time, et c..
But at the linguistic boundaries, everything else is up for grabs, and the
news coming back across the linguistic boundaries is treated as exotica.

-- rec --

On Thu, Nov 17, 2022 at 11:32 AM glen <gepropella at gmail.com> wrote:

> IDK, man. I feel like this is the same homogenizing force as Spotify, or
> influencers on Instagram, driving us all into the same gravity well. What
> I'd *like* ... what I've looked for and failed to find, are ways to invest
> "locally", to bet on strangers' enterprises, sure, but strangers that
> satisfy a locality predicate, local in space mostly, but perhaps local in
> ethos (like B corps or co-ops), or domain (not the useless "tech" or "life
> sciences" but something more refined).
>
> Does your play with etoro suggest that's possible there?
>
> On 11/17/22 08:16, Roger Critchlow wrote:
> > Tsk, so many bad investments, so little time!
> >
> > Binging Sandy Pentland led me to etoro.com <http://etoro.com>, where
> everybody can see how everybody's portfolios are doing.  The front page
> gives the top crypto traders on the site, who are all around -70% for the
> past year.  But scroll down and you find out that they range from +27%
> to +197% for the past two years.
> >
> > -- rec --
> >
> > On Wed, Nov 16, 2022 at 12:02 PM Marcus Daniels <marcus at snoutfarm.com
> <mailto:marcus at snoutfarm.com>> wrote:
> >
> >     Having investments go bad makes me feel prosperous, like going to
> the dentist.    I probably shouldn't have investments.
> >
> >     -----Original Message-----
> >     From: Friam <friam-bounces at redfish.com <mailto:
> friam-bounces at redfish.com>> On Behalf Of glen
> >     Sent: Wednesday, November 16, 2022 8:57 AM
> >     To: friam at redfish.com <mailto:friam at redfish.com>
> >     Subject: Re: [FRIAM] (not) leaving Twitter
> >
> >     I know, right. My Ada's down from $200 to $100! I'm not quite sure
> how I'm gonna pay the rent. /s
> >
> >     I saw some post on Mastodon that I can't find now. The person was
> lamenting FTX and how they knew 2 people personally, one who lost $90k and
> another who lost something like $10k. And he closed with "neither of which
> could afford it." Maybe I'm cruel. But my first thought was, why in hell
> did you have $90k in crypto if you couldn't afford to lose it? I mean, I
> know there's a sucker born every minute ... but $90k? I could live for at
> least a couple of years on that. To even have 90k to invest *at all*,
> anywhere, implies something.
> >
> >     On 11/16/22 08:44, Marcus Daniels wrote:
> >      > Lol, well I guess I bought the right Proof of Stake crypto.  (Not
> really, I got demolished too!)
> >      >
> >      > -----Original Message-----
> >      > From: Friam <friam-bounces at redfish.com <mailto:
> friam-bounces at redfish.com>> On Behalf Of glen
> >      > Sent: Wednesday, November 16, 2022 8:39 AM
> >      > To: friam at redfish.com <mailto:friam at redfish.com>
> >      > Subject: Re: [FRIAM] (not) leaving Twitter
> >      >
> >      > More Billionaire news [sigh]:
> >      >
> >      > What happened at Alameda Research
> >      > https://milkyeggs.com/?p=175 <https://milkyeggs.com/?p=175>
> >      >
> >      > On 10/31/22 10:28, Steve Smith wrote:
> >      >> Great quote from CDs screed:
> >      >>
> >      >>      "Every billionaire is a policy failure, but every
> billionaire is also a factory for producing policy failures at scale."
>
>
> --
> ꙮ Mɥǝu ǝlǝdɥɐuʇs ɟᴉƃɥʇ' ʇɥǝ ƃɹɐss snɟɟǝɹs˙ ꙮ
>
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