Higher Rates Will Lead to the Next Generation of Great Tech Startups

Re:Higher Rates Will Lead to the Next Generation of Great Te... by ipsum2 on Sunday January 29, 2023 @04:09AM (#34566284)

FYI to people unaware, the author of this piece, Chamath is an opportunist and possibly commits fraud.

https://www.newyorker.com/magazine/2021/06/07/the-pied-piper...

https://www.protocol.com/bulletins/chamath-palihapitiya-clov...

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Re:Higher Rates Will Lead to the Next Generation of Great Te... by EGreg on Sunday January 29, 2023 @04:43AM (#34566483)

Also huge early adopter of bitcoin

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Re:Higher Rates Will Lead to the Next Generation of Great Te... by tb84 on Sunday January 29, 2023 @04:47AM (#34566509)

Is that supposed to be a bad thing?

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Re:Higher Rates Will Lead to the Next Generation of Great Te... by EGreg on Sunday January 29, 2023 @04:50AM (#34566534)

Well, it’s probably how he built a lot of his wealth. Then he moved on to SPACs.

I regard Bitcoin as a speculative bubble, I myself have known about it since 2011 and back when it was $10-50 did not consider it a bubble, because I thought it would become a medium of exchange:

https://magarshak.com/blog/?p=148

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Re:Higher Rates Will Lead to the Next Generation of Great Te... by tb84 on Sunday January 29, 2023 @04:55AM (#34566570)

> I regard Bitcoin as a speculative bubble

So do I; shame it turned out this way. I also like the reference to Gresham's law in your post. Spot on, almost a decade earlier.

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Re:Higher Rates Will Lead to the Next Generation of Great Te... by lvl102 on Sunday January 29, 2023 @06:39AM (#34567174)

This is what happens when some idiot gets lucky getting hired by FB. No one liked him there. This guy literally failed his way to “success.”

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