The difference is that subprime mortgages were being repackaged as safe investments and then used as fodder in retirement accounts. I severely doubt anyone's going to try something similar with crypto (again, coping that Wall Street is at least smart enough not to shit in their own food here, this comment will age poorly, etc etc)
DefinitelyNotAPhone
If 401k accounts consistently 2008 on people, no one will bother putting money into them and the system will collapse. Given that's literally a multi-trillion dollar industry, I'd like to cope and believe that the finance ghouls in charge are bright enough to not kill their golden goose by going all-in on $420KEK or whatever.
While the public face of the stock market is all hype-driven speculation, there is a sizeable chunk of the market built on real industry and established companies with consistent low level growth and stability which retirement funds usually target in addition to treasury bonds. Crypto has none of that, it's all rampant speculation and hype.
Neither the dollar nor crypto have any commodity value, so I'm not sure Gresham's applies here. I'd tie this closer to fictitious capital and the scramble over the rate of profit declining.
I'd also hope that retirement funds were managed to chase consistent if low returns over aggressive growth assets with high volatility like crypto, but who knows what finance bros are smoking/snorting these days.
We're supposed to be posting bad ideas here
I sure do love living in a fascist shithole where dumbfuck VC investors can be conned into investing trillions into deadend AI startups that require enough power to keep the eastern seaboard topped off, but the idea of publicly owned utilities that could at least think ahead more than 3 years and build redundant power plants to handle spikes in demand is literally unthinkable to the neoliberal political hegemony because clearly letting investors scalp energy prices for profit is more efficient! Please don't look at literally any privatized utility company's record on handling anything ever, even just day-to-day operations!
Arch has a very in-depth wiki that's the go-to resource for a lot of Linux users, and it offers a community-driven way to have access to literally anything that's ever landed on Linux ever through the AUR. It's also nice to have an OS that you never have to reinstall (assuming all things go well).
Why that turned into such a cult-meme is anyone's guess though.
I am afraid to say that only Iron Man, War Pigs, and Paranoid are good from Sabbath, and that doom puts me to sleep. Give me Iron Maiden, Judas Priest, and some screaming high melodies over eurobeat-speed BPM. This is the one form of sectarianism I will eagerly jump into
They have finally done it: they've figured out a way to make LLMs even heavier computation-wise
Sabbath (and Ozzy by extension) have written a grand total of 3 decent songs in their entire discography. They're less someone to listen to and more a piece of the musical fossil record to show where one of the branches of metal branched from the blues-heavy rock scene.
Nothing says good socialist political instincts quite like leaving a bunch of bunch of working class people to die of heatstroke because they had the audacity to be born in the southeastern US and then whitewashing that by calling them settlers despite a third of them being descended from slaves.
"The United States, too, has a single party system. But in typical American extravagance they have two of them."