DefinitelyNotAPhone

joined 5 years ago
[–] DefinitelyNotAPhone@hexbear.net 20 points 1 day ago (1 children)

"The United States, too, has a single party system. But in typical American extravagance they have two of them."

[–] DefinitelyNotAPhone@hexbear.net 6 points 1 day ago (2 children)

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@hexbear.net 9 points 1 day ago (4 children)

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

[–] DefinitelyNotAPhone@hexbear.net 2 points 1 week ago* (last edited 1 week ago)

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.

[–] DefinitelyNotAPhone@hexbear.net 5 points 2 weeks ago (1 children)

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 maddened

[–] DefinitelyNotAPhone@hexbear.net 3 points 2 weeks ago (1 children)

They have finally done it: they've figured out a way to make LLMs even heavier computation-wise amerikkka-clap

[–] DefinitelyNotAPhone@hexbear.net 6 points 2 weeks ago (4 children)

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.

[–] DefinitelyNotAPhone@hexbear.net 7 points 2 weeks ago (1 children)

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.

 

"My estimation, as of this morning, somewhere between $500 to $700 billion worth of market capitalization that should be delisted, taken off the exchanges, add further pressure on the Chinese to come to the table," O’Leary said on "Mornings with Maria" Friday.

You're fighting a trade war built on top of the idea that China has to come to the table to negotiate because they're interlocked with your economy. If you delist all their companies and divest Chinese investors of American assets, you're literally gutting your own argument in favor of gobbling up a short-term gain, dipshit.

"I'm an investor. I take companies public on NASDAQ and the New York Stock Exchange. I pay millions of dollars each year in compliance. I have no choice but to be compliant and transparent and abide by [Generally Accepted Accounting Principles]. And right beside me, issuing shares without any guidance at all, are Chinese companies," O’Leary started.

"I'm competing for that dollar. I'm investing in our markets and being compliant, and my Chinese competitor, same bank I'm using, is going to institutions the same day on a road show and raising money for what's called a shadow share," he expanded. "It's not even a real share. They don't even have any rights. And they're taking my dollar."

Literally complaining he can't make effortless profit because a Chinese investor comes in, makes a deal with an American exchange or investment firm, and purchases a share with zero rights attached. This is a blackjack player complaining that someone else sat down at their main lucky table to play.

I can't tell if American capitalists are just entitled babies or if this is some ploy to shock doctrine half a trillion in domestic investment opportunities so they can snatch it up for cheap.

 

Mulaney took the opportunity to point out the irony of Silicon Valley entrepreneurs focusing on AI and the future in a city where thousands of humans struggle to live and maintain basic living conditions. “Let me get this straight,” Mulaney said. “You're hosting a ‘future of AI' event in a city that has failed humanity so miserably?”

Mulaney even compared the event attendees to himself and his son playing wiffle ball. “We're just two guys hitting wiffle balls badly and yelling ‘good job' at each other,” Mulaney said. “It's sort of the same energy here at Dreamforce.”

Still a piece of shit for cheating on his wife, but standing in front of Jensen and telling him that his work makes the world a worse place is full critical support.

 

galaxy-brain

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