News
DEBUNKING BITCOIN MISCONCEPTIONS: IT’S NOT STORED TIME, ENERGY OR VIOLENCE
There are metaphors and analogies for Bitcoin that you may have heard on podcasts or read from various articles or books — and this is not meant to criticize the entire practice of using metaphors or analogies to pique people’s interest in Bitcoin — but having a bad framework for understanding Bitcoin can cause errors in how we reason about it from there. If people take the metaphors too literally, they inevitably make mistakes in their reasoning about Bitcoin.
Take Your Losses...While You Still Can – Of Dollars And Data
It’s been a tough year for investors, with stocks down around 19% (both in the U.S. and abroad), U.S. bonds down 14%, and the cryptocurrency market down around 60%. Yet, despite the financial turmoil of 2022, there is a silver lining that many investors can take advantage of while there is still time—losses. What I’m talking about is tax loss harvesting, or the act of selling your securities that have decreased in value in order to recognize a capital loss, which can then be used to offset capital gains from your other investments (now or in the future). Not only can this help reduce your overall tax burden, but it can also free up capital to reallocate to other, potentially more promising, investments. Let’s go through two examples.
Is YOUR new Christmas gadget actually from a Congolese cobalt slave mine? Harvard professor tells Joe Rogan 'every phone, tablet, laptop and electric vehicle' built relies on inhumane Chinese-controlled mines
A Harvard professor and author stunned podcast host Joe Rogan by telling him that almost every lithium battery-powered tech device relied on today by the western world is powered by slavery in cobalt mines in the Congo. Siddharth Kara, the author of the book Cobalt Red: How The Blood of The Congo Powers Our Lives, insists there is no such thing as 'clean cobalt' - the term given to describe ethically mined cobalt. Appearing on Joe Rogan's podcast earlier this week, he told the Spotify host that in fact, almost every single device used today that relies on a lithium battery is powered by slavery.
Persistent inflation, not recession, 'the greater risk' as BoC looks to 2023
Bank of Canada governor Tiff Macklem has his sights squarely on getting inflation back to the sweet spot of two per cent, but hitting that target is going to require a delicate balancing act. "We are trying to balance the risks of over and under-tightening monetary policy," Macklem said in his end-of-year speech delivered in December. "If we raise rates too much, we could drive the economy into an unnecessarily painful recession and undershoot the inflation target. If we don't raise them enough, inflation will remain elevated, and households and businesses will come to expect persistently high inflation."
From Joe
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