Here is the post for the Daily Leo Talk. In preparation for the upcoming Microblogging features, this is a good place to start conversations, posts charts, memes, trades, or anything else that comes to mind.
Let us boost our overall numbers by posting lots of comments throughout the day. Spread the word to get others involved.
It is a great way to stimulate engagement.
We can think of this as a Reddit type engagement thread. We are not dealing with long form content so topics of discussion can start off with a top line comment. We can fill in from there.
We are open 24/7/365.
Stay Informed About LEO!
 |
 |
 |
 |
|---|
Posted Using LeoFinance Beta
I see. So the proper term to describe Threads and Project Blank is microblogging?
Posted using LeoFinance Mobile
Yes. That is what it is called.
Some also might use short form content.
Posted Using LeoFinance Beta
I like twitter-style content better if that works too:)
Most do. It is going to be interesting to see how quickly it takes off. We might see the usage explode.
Posted Using LeoFinance Beta
Topics of discussions will always pour in here. Which is why this place is a learning place for a newbie from Ghana like myself who’s looking for anything technology related.
I try to write on technology related topics.
A good place to start with this process is to go to the Main Menu of @leoglossary. There are a number of terms related to crypto, hive, leofinance, and other aspects of what Leofinance stands for.
I will be adding more technology related terms in the future so keep an eye on it.
Posted Using LeoFinance Beta
Thanks for the heads up
The FED increased the policy rate by 75 basis points and the policy rate rose to the range of 2.25-2.50%.
Do you think raising interest rates will be enough to reduce inflation?
Posted Using LeoFinance Beta
Inflation isnt something people need to worry about. Deflation is the major risk that is facing us. We already see it in Walmart. They are having to aggressive discount higher profit items as people arent buying them. Instead, they are having to spend more on necessities.
If this were true inflation, due to the concept of too much currency, everything would be skyrocketing. Instead we had a supply chain shock globally with an energy crisis. As some things are worked out (like on clothing and electronics) those prices revert to the mean.
We are also seeing some horrific economic numbers which means we are going to have a massive cliff that we fall off.
Posted Using LeoFinance Beta
It's a big mess seriously. I don't think we have ever seen a time like this before that it could be really compared to in history is there?
Posted Using LeoFinance Beta
Unfortunately, we have to be prepared for the worse, and especially with regard to energy.
Posted Using LeoFinance Beta
Yea, its not looking great I gotta say
Posted Using LeoFinance Beta
Ironically we say that each time something bad happens.
The problem, economically, is the Eurodollar market is suffering in a big way. Since the bank balance sheets are contracting, there is not the collateral to sustain the global economy.
Welcome to the world of deflationary money. This is what many wanted, well they got it.
Posted Using LeoFinance Beta
You are right, I agree with you. You are so right about deflation.
However, the increase in the price of basic necessities every month causes an increase in the number of people suffering from financial difficulties. It seems that this problem can be solved in the coming months, but the fact that the energy shortage will not be solved in the short term makes things worse.
I think that the fact that the production of many products depends on energy and that the increase in interest rates may reduce production-based investments and cause production to be interrupted.
Posted Using LeoFinance Beta
That is what causes the flip from inflation to deflation (using contemporary terms). The fact people have to pay more for basic necessities means they spend less in other areas. This affects those industries which means layoffs, That ends up crushing demand for everything, which causes recession.
Posted Using LeoFinance Beta
Not immediately. At the very least interest rates need to match the consumer price inflation rate. It will be at least 2 years before that happens even if they keep the current pace of the increases.
Other events may take place before then which will make the reduction in inflation a look like a speed bump in comparison.
Posted Using LeoFinance Beta
Yes, this is true, but the increase in interest rates may cause disruptions in production.
There is no danger for now, but if it continues like this, I think this problem will arise.
Posted Using LeoFinance Beta
Already been happening. Recall how people were complaining about the increase in prices of laptops, tvs, and appliances. Guess what is happening? Those arent moving and inventories are up. So they will have to be reduced.
And so we see the same thing in the opposite direction. The fact that supply chains in many instances are starting to sort themselves out (maybe simply because demand gets crushed) means the move is on.
When you have deflationary money and not even USD in the global economy, things are unsustainable.
Posted Using LeoFinance Beta
META missed on both the top and bottom line in their Q2 earnings. This is the second quarter in a row they saw a serious drop in numbers. It is heartwarming to read that.
Posted Using LeoFinance Beta
They seem to be doing some rather odd things with their social platforms as of the last few weeks that also shows desperation. I only see meta as a platform that is going to continue a death spiral and never increase again.
Posted Using LeoFinance Beta
That might be true but Zuckerberg is a smart cookie and he does have his finger on the pulse of the digital future. Of course, he is trying to control it which might be his downfall.
Posted Using LeoFinance Beta
I always thought they would focus more on putting VR headsets in homes before being able to make any profits in the first place.
To get people interested in the metaverse you first need to make VR a common accessory IMO. Won't be surprised if they start selling them via a mobile plan bundle where you get a phone and a VR headset. I see no other way they get traction to be honest.
Posted Using LeoFinance Beta
I'm still waiting for 3D TV, the kind where no one needs funny glasses to watch the programming 3D TV was supposed to be great for sports. Holographic television would be even better, but that won't be out for a long time.
Posted Using LeoFinance Beta
They are willing to take the loss on the headsets and subsidize it.
I guess their platforms development costs are huge. That is where Web 3.0 can step in. We have developers paid in different ways.
Hopefully we see the incentive structure of Web 3.0 become a more powerful force.
Posted Using LeoFinance Beta
Don't know why you'll want to profit off someone else's privacy. I'm sure this is just the beginning for them, people are now opening their eyes and are careful of how much of their data these centralized entities market.
Posted using LeoFinance Mobile
Web 3.0 is going to change a lot. We will see how long it all takes to unfold.
Posted Using LeoFinance Beta
A loss of $2.8 billion in the Metaverse division looks pretty serious.
Posted Using LeoFinance Beta
Well to them it is an investment.
The key to all this is for us to build out Web 3.0. That is going to be the foundation.
Posted Using LeoFinance Beta
The bear market somewhat hindered the spread of Web 3.0, but this could actually be an opportunity. But it will become much more common in the future, so building now will be very advantageous for the future.
Posted Using LeoFinance Beta
I actually think it helped the spread. We see more development rolling out since the coders arent working on bullshit projects that are all hype.
The true applications and games are going to start showing through.
Posted Using LeoFinance Beta
Yes, that's right. In a bear market, those who focus on building and developing themselves in the right direction will be appreciated in the future.
Posted Using LeoFinance Beta
https://www.cnbc.com/2022/07/27/facebook-parent-meta-earnings-q2-2022.html
Posted Using LeoFinance Beta
And so it stops growing. Just thinking about its implications for Web 3.0.
Posted Using LeoFinance Beta
We need to build the foundation for that to present an option. A lot of infrastructure require.
But we are getting closer.
Posted Using LeoFinance Beta
Great to know.
Heartwarming indeed…
Hope it continues and people wake up.
Posted Using LeoFinance Beta
That's good
I hope more people find their way to Hive and the true Web 3.0
Posted Using LeoFinance Beta
Leofinances micoblogging will really be a boom.
Posted Using LeoFinance Beta
Posted Using LeoFinance Beta
REMINDER!!!
Get those #CANDIES.
It is jar filling time.
Posted Using LeoFinance Beta
I missed a lot of candy, I'm starting to collect again :)
Posted Using LeoFinance Beta
It will serve you well. Discipline is key.
Posted Using LeoFinance Beta
I need to be a little more disciplined and stable.
Posted Using LeoFinance Beta
Meds help with that. So does vodka. But not tequila.
Posted Using LeoFinance Beta
I will try this!
Posted Using LeoFinance Beta
Time to bag more candy. Been sleeping on them lately
Posted using LeoFinance Mobile
Been lazy about getting this Candy this days, but I think I Need to start doing more this days
Posted Using LeoFinance Beta
Still on schedule… got 60 today 💃🏻💃🏻💃🏻
Have a great Thursday all 👋🏻👋🏻☀️
Posted Using LeoFinance Beta
Got 60 today
That's one of my favorite decades for music
Posted Using LeoFinance Beta
What is #candy about? I see a lot of people replying about it in this comments. How do I get some? :)
Posted using LeoFinance Mobile
Go to coingecko and sign up for the site with an email.
Once logged in, you can look in the upper right and there is a cupcake looking thing with a red dot on top. Click on that and claim candies for the day.
Posted Using LeoFinance Beta
Thank you for the micro-tutorial lol.
I am piling my candies. Thanks to you I should not miss again
Posted Using LeoFinance Beta
6 mo - 7 year all with higher rates than the 10 year.
https://www.cnbc.com/bonds/
Posted Using LeoFinance Beta
The equities market is opening up in the red. The Meta miss cant be helping things.
Commodities mostly green today. Guess they liked the Feds interest rate increase.
Posted Using LeoFinance Beta
Oops. So much for not a recession.
The US GDP in -.9%. That is not a good sign.
How is the economy strong Powell?
Posted Using LeoFinance Beta
It is early but here is the bond markets response to the Feds increase in interest rates.
Posted Using LeoFinance Beta