Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
40 replies
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737 reactions
Vitalik Buterin pfp
Vitalik Buterin
@vitalik.eth
(this is also me testing the flink.fyi long cast feature)
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33 reactions
Christian Montoya 🦊 pfp
Christian Montoya 🦊
@m0nt0y4
I don't think this strategy would work. Even if young people decide to forgo buying housing, they still need a place to live. Ergo, they will rent. Which will mean demand will still be the same. Housing is expensive partly because demand is always constant. No one can just abstain from the market.
2 replies
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Cassie Heart pfp
Cassie Heart
@cassie
the origin story: The financial system is broken, rules written and enforced by institutions that do not follow them and cannot be held accountable. If code is law, transparent and unyielding, it is the greatest arbiter of fairness for financial systems and should be pursued and implemented thoroughly.
3 replies
2 recasts
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Venkatesh Rao ☀️ pfp
Venkatesh Rao ☀️
@vgr
The size of the US housing market is $52T, crypto is ~$1.65T globally. 30x diff. And demand for housing is mostly to live in or rent out. You can’t zero it out. If you don’t own you rent. A grimdark version of don’t buy houses is don’t have children. That actually subverts things whether you rent or own.
1 reply
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Giuliano Giacaglia pfp
Giuliano Giacaglia
@giu
That’s exactly what’s going to happen. All assets will devalue against Bitcoin and all crypto. Crypto will have a bigger effect to society than social media had. It’s just the early days
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Grit, إنشاءالله.eth pfp
Grit, إنشاءالله.eth
@grit
Yes. I think crypto is ultimately an alternative to the current paradigm. We will create a new rails for a new power dynamic. Political systems depend on power. Feudalism to democracy all deal in power distribution mechanisms.
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dinislam pfp
dinislam
@dinislam.eth
yes, but the US tax code is rigged, sorry, *optimized* towards property ownership and continuous speculation on it people generally respond to incentives
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Samuel ツ pfp
Samuel ツ
@samuellhuber.eth
Same in Germany. Rent prices don’t go up a lot because people can’t afford them while house prices do as those with plenty of cash buy to store cash there They don’t mind 30+ years in theoretical break even through rent as interest and opportunity cost are outweighed by price rise and inflation
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typeof.eth 🔵 pfp
typeof.eth 🔵
@typeof.eth
Commercial real estate is def exacerbating the problem of unaffordable housing, but discouraging individuals from buying would just make it cheaper for investors to scoop up properties. We all need a place to live so housing has inherent demand.
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jd 🌺 pfp
jd 🌺
@jdlewin.eth
WILD
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Perec, Georges pfp
Perec, Georges
@perecgeorges
I think so: the younger generations slowly discovering the fictitiousness of the traditional economy, thereby freeing themselves to participate in equally-artificial yet far more accessible and creative economies of crypto and adjacent endeavors.
1 reply
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Rani pfp
Rani
@4484
housing is very affordable in many parts of the country though.
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Semicolon pfp
Semicolon
@semicolon.eth
We don't buy boomer ponzis we make our own ✊
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Sean Wince 🎩 pfp
Sean Wince 🎩
@seanwince
Everyone knows on some level how manipulated and controlled tradfi is. Whether it was the bank bailouts in 2008, GME trading halts, Fed printing, or many, many other examples ... People are just sick of insiders pulling the strings and that plays into the populist appeal of crypto
1 reply
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User120 pfp
User120
@user120
The US dollar is a scam from Israel so they can steal from the people, this is the kinda of stuff that gets censored, Crypto should be a way to keep government out of our pockets, this defi social media is amazing if GOV cant censor it. Israel trys to buy out social platforms that expose them, this will block that.
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Nick pfp
Nick
@nickk
Who's pushing this? First time I hear it
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Criptoesp pfp
Criptoesp
@criptoesp
Gm
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rustedpopcorn pfp
rustedpopcorn
@rustedpopcorn
@edit mint
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smarsx pfp
smarsx
@smarsx.eth
why housing? 80% of equity market held by boomers. no dividends & passive indexing looks ponzi-esque much better to align against s&p vs housing. anti-housing can read as anti-family there’s a quote somewhere in the ether “every new generation rejects the ponzi of the previous generation in favor of their own”
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