You can goof with the dollars themselves to make the pure finance issues related to loan contracts work out, but you can't goof with the reality. If you inflate the currency to make the company still worth $50B, then you probably also make a $17 lunch for two into a $50 lunch for two and you make a $50k/yr job able to buy what a $17k/yr job could buy before.
dlakelan@mastodon.sdf.org
Posts
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Suppose you've got a company that grows at 4% profit per year forever, and a borrowing rate of say 6% per year. -
Suppose you've got a company that grows at 4% profit per year forever, and a borrowing rate of say 6% per year.Eventually people are gonna realize that most of what we've been growing at a few percent per year is eventually going to hit a peak and then decline, maybe not forever, but decline for the forseeable future (say 100 years) and at the "moment" people realize that... the finance world will implode.
Fascism exists today because the finance/capitalist class already knows this.
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Suppose you've got a company that grows at 4% profit per year forever, and a borrowing rate of say 6% per year.integrate(exp(-.06*t)*exp(.04*t),t,0,10) + exp(-.06*10)*exp(.04*10)*integrate(exp(-.06*t)*exp(-.04*t),t,0,inf);
that's 17.25.
So if a company claims it's gonna grow at 4% per year and people believe it, it can have say a 50 billion dollar market cap, but once people realize it'll decline 4% per year every year after 10 years... its market cap immediately goes to 17B... a 66% crash in the market.
That's an example of what our whole world is facing
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Suppose you've got a company that grows at 4% profit per year forever, and a borrowing rate of say 6% per year.Suppose you've got a company that grows at 4% profit per year forever, and a borrowing rate of say 6% per year. What is the value of the company (as a fraction/multiplier of its initial investment cost)? integrate(exp(-.06 * t) * exp(.04*t),t,0,inf);
that's about 50. So if you have 1B in profits this year the company is worth 50B today.
Now suppose it grows at 4% for 10 years and then immediately begins declining at 4% after that...
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So it's not just that Discord is requiring pictures or IDs to verify age.@JessTheUnstill
It does kinda feel like Discord inhabits a usage niche between fully open things like Mastodon, and fully private things like Signal. its kinda invite only/controlled access plus interactive realtime audio videoI wonder if something like Bonfire plus some browser based realtime stuff would work to do that?
my kids and their friends use Jitsi for realtime gaming audio hangouts.
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So it's not just that Discord is requiring pictures or IDs to verify age.@JessTheUnstill
but I mean what if you had a group of people you didnt want interacting with another group. Suppose youve got kids and theres a group of parents at the kids school that you want to interact with but you dont want them mixed with the work related group you just mentioned. how does that work?
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So it's not just that Discord is requiring pictures or IDs to verify age.So with Discord. Suppose you've got your tech company friends you're talking about... And then suppose you've got like an active "family reunion" with aunts and uncles and cousins and their kids and such... How do you keep those separated? (again remember I just never used Discord so I don't know how it works)
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So it's not just that Discord is requiring pictures or IDs to verify age.I have about 20 group or personal chats that are active. It can get a little annoying to keep track of which channel a certain conversation is in.
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So it's not just that Discord is requiring pictures or IDs to verify age.Yeah, you can have a "main" chat for friends, and then send invite links to the main chat for anyone who wants to join the "xyz topic". So it's easy to get people to sort themselves into the chats, but yes, the chat reorders, it's hard to keep track of more than 4-5 active chats
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I was thinking that Musk is sufficiently an idiot, that there's a good chance there are plenty of Tesla cars out there that are going to outlive Tesla the company.Oh you're right, probably doing a door replacement is better.
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So it's not just that Discord is requiring pictures or IDs to verify age.to do separate topic threads, you'd have to create new groups for each topic... which is OK I guess.
So then the real question is how to do a group audio chat, and/or video chat in a way that feels "comfortable". Signal does do audio calls 1-1 and it does video calls for groups and you can turn off your camera. but it doesn't feel like it's quite what people want
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So it's not just that Discord is requiring pictures or IDs to verify age.My experience with Signal is it works well for the text chatty emoji animated GIF meme posting links etc, and at least 10 or 20 people who are nontechnical got connected easily when there was the eaton fire and I offered a group chat as a way for the block to organize... (ie. if they're motivated to do it, nontechnical people have no actual problem)
But it's not a place you'd want to hang and audio shoot-the-shit I think.
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I was thinking that Musk is sufficiently an idiot, that there's a good chance there are plenty of Tesla cars out there that are going to outlive Tesla the company.The cars have no door handles, they trap people inside them and catch fire. They're death traps. Need to be recycled for safety reasons.
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I was thinking that Musk is sufficiently an idiot, that there's a good chance there are plenty of Tesla cars out there that are going to outlive Tesla the company.Rip out the batteries and repurpose. Rip out the motors and repurpose. Recycle the steel and copper and glass...
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So it's not just that Discord is requiring pictures or IDs to verify age.Easy enough to what though? Like I honestly don't know how people use Discord. Is it just like better in-game audio chats? Or is it like hanging out and talking? or text chat solving problems or like what?
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So it's not just that Discord is requiring pictures or IDs to verify age.I don't use Discord. What are the essential features that Discord does for you? (I know in general that it's doing text chat and audio and maybe video conf, and some other stuff? but specifically like how do you use it in ways that make it really killer for that purpose?)