$10-20mil in the year 2571 is like $0.15 today

Not crypto. Just digital. So, centralized, subject to anti-fraud regulation, reversible transactions, etc.

Not loaned out. Explicitly marked as not-loanable. Which would be foolish in today’s market, because you’re losing out on a dividend. Except… the bank actually keeps most of the benefit from your deposit being loanable normally. This way, you get the benefit instead.

Basically, it allows depositors to compete against the banks. So they can’t take you for granted, because you actually have alternative.

Monetary Commons

There would be no incentive to become a billionaire if you have to give away 0.1% of it! It only grows at like 8% a year in the first place! 😭😭😭

Those additional requests will reuse the existing connection, so they’ll have more bandwidth at that point.

I see what you’re saying, but the fact that it can be ambiguous is actually what makes it so useful to fascist organizers.

They thrive on phrases that allow them to wink at each other when they want to, but claim innocence if someone calls them out.

14kB club: “Amateurs!!!”

https://dev.to/shadowfaxrodeo/why-your-website-should-be-under-14kb-in-size-398n

a 14kB page can load much faster than a 15kB page — maybe 612ms faster — while the difference between a 15kB and a 16kB page is trivial.

This is because of the TCP slow start algorithm. This article will cover what that is, how it works, and why you should care.

known white supremacist and Hitler fan

They had a problem with “known”

Better symbol than Pelosi

The original source was much more sensible.

The comparison makes sense for evaluating whether you’re over-invested in something. Like, if Nvidia suddenly poofed out of existence, would it seriously be worth 16% of everything the whole country makes in a year to get it back?

Owning a car that’s worth 16% of your yearly income sounds reasonable, no matter what your actual income is. A Pokemon card collection that’s 16% of your income is probably too risky, no matter what your actual income is.

Also, GDP is a decent scale to use for charting investment in a productivity tool, because if GDP ramped up at the same time as investment then it looks less like a bubble, even if they both ramp up quickly.

But that’s not what we see. We see a sudden and volatile shift, nothing like the normal pattern before the hype.

Just a reminder that literally every dollar the treasury disburses is spent into existence.

It is impossible for the federal government to run out of money, just like it’s impossible for a scorekeeper to run out of points.

So when they say they don’t have the money — an impossible situation — what they mean is they don’t want to have the money.

This is the power of the deficit myth. Money that you don’t want to spend has to “come from somewhere”. Yet all of the money you do want to spend never suffers that problem.

One time, I went to the store with a friend on SNAP.

Friend: “I gotta pick up some steaks to pay my neighbor for patching the roof”

Time to check out. I pay for my stuff first. Second transaction for the steaks.

Person behind us was already annoyed that we had to do two transactions.

Friend: “EBT for this one”

Person behind us: “Are you serious?!”

Me: 😳

Friend and cashier are unphased, don’t even look

Me after we leave: “Does that happen a lot?”

Friend: “All the time. Doesn’t matter what you buy though. Too expensive, too cheap, too many calories, not enough calories, too much sugar, too vegan. They find something to be mad about.”

Jimmy Wales: Libertarian that ended up creating perhaps the most successful collectivist project of all time.

This is basically what the Luddites were fighting against:

A world where labor has no opportunity to develop skills or use them, no authority over the machinery which dictates the nature of what is made and how, chasing fewer and fewer jobs for less and less pay.

Their solution was to take sledgehammers to the factories. The owners, of course, hired thugs to shoot them. And the politicians ruled that the machines were sort of the property of the crown, and therefore destruction of these machines should be punishable by public execution.

Funny enough, data centers today are considered strategic assets under the protection of DHS. Which is a fancy way of saying: still owned by the crown, still gonna shoot you if you try to negotiate via sledgehammer.

I think you gotta put more work (hehe) into defining what you mean by “work”.

Some people think of work as an inherently exploitative activity, where someone who owns the means but lacks the skill to use them loans the means to someone who has the skill, in return for some of (most of) the benefits of the labor.

I think that arrangement actually strips a lot of fulfillment from life, because the people who do the work don’t get to make decisions and the people who make decisions aren’t forced to understand the real impact of those decisions.

But if you just mean “doing something useful” or even “doing something meaningful” (since much of what gives life meaning isn’t explicitly useful), I think it would hard to disagree with you.

I think a lot of people who call themselves “anti-work” aren’t opposed to putting effort towards something meaningful — I think it’s actually because of their sense that their day job is meaningless (and maybe even undermining meaningful pursuits) that they call themselves “anti-work”.

$400 check, and $400k in PPP loans that I will totally repay (if I have to)

The coffee mug. And the chair… my god, the chair.

I should be cynical about AI and labor displacement, but…

Does anyone actually want to wreck their bodies by walking all over a giant warehouse and lifting heavy unwieldy objects?

Now the robots will do all of that.

We’ll just need some humans to uh… follow them around the warehouse… and move them when they break down. (This is totally different, you see.)

And do the original task that glitched it out. And dodge all of the other robots while doing so. And be paid less because we have robots now.