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Joined 8 months ago
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Cake day: May 28th, 2024

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  • I’m not an econ major but I’m going to give you my theory anyway.

    We’ve been circling the drain on a major global recession for two years. We’ve been avoiding it through sheer denial.

    Nobody ever mentions it, but tech stocks were the first to take a beating in 2008. The reason is that they’re actually kinda worthless and just a place where billionaires gamble the way trust fund kids do with cryptocurrency. There’s just not really that much collateral in digital property. Unlike land, it’s value can just disappear overnight if people decide it’s uncool.

    When asset managers are about to be called on their bets and have to find money somewhere, the first thing they’ll do is sell tech shares to bail out other investments. Houses will always have some value even if you end up having to manage it yourself, whereas any social network risks going the way of MySpace.

    Twitter being in trouble isn’t just a sign that twitter is in trouble, but that investors need that money for something safer, and if they’re looking for something safer that may mean sheer denial isn’t working anymore.







  • What’s even more annoying is when their refinements end up putting an objectively wrong answer as the authoritative record.

    I found a question where someone new to electronics was how to get more current from a USB power supply.

    The “correct” answer that was posted before the question was closed was that a source can’t limit current and the questioner should learn more about electricity.

    The actual correct answer - and probably what the questioner was looking for - is to short the data lines together because a compliant USB charger will only supply 500mA by default, not it’s stated max current.






  • I bought a convertible car that was completely ditched once. The canvas roof was in such a state that it consisted mostly of black bags and duct tape.

    I ring a friend and ask him what he’s doing and if he wants to go for a drive in said car.

    He said he’s too busy 'cause he has a bunch of jobs to apply to and wants to spend the day handing out his CV. I say that’s a perfect excuse to drive the new car round.

    Get to his house and show him the car and we decide we should drive round with the top down because it’s sunny. The top is made of duct tape and bin liners though, so we grab a kitchen knife each and set to work on getting it off.

    First place he wants to go is a job for a theatre tech. We drive over to the next town and I pull up and he runs in with just his CV and leaves all his possessions (coat, phone, wallet, etc) in the car.

    Unbeknownst to me, the guy he handed his CV to gave him a tour and a bit of an interview on the spot so I’d be stuck there for an hour in the same parking space.

    Also unbeknownst to me, the theatre was at a high school so I’m now suddenly surrounded by kids leaving at the end of the school day.

    It’s awkward enough that I’m a guy in my late 20s parked outside a school in a convertible, but it took me a few minutes to realise that all the staring I was recieving from the kids was because the back seat was covered in black bags and duct tape held down with the two biggest knives I could find in my kitchen.

    The police even came and I was hoping they would stop so I could explain but they just kept driving past me at walking speed.





  • The fundamental problem with cryptocurrencies is that the people with the enthusiasm to make them (libertarians), are too stupid (libertarian) to understand why a deflationary asset cannot work as a currency.

    It’s inherently a speculative investment. Nobody is going to spend something that might be worth dramatically more tomorrow and nobody is going work for something that might be worth dramatically less tomorrow.