FiniteBanjo
@FiniteBanjo@feddit.online
- Comment on Everyone's Trying To Get Their Money Out 12 hours ago:
I’m just speaking from the economics of your points here, but people DO NOT put their money in crypto because they think it’s safe. It’s simply not true by and large.
Well that makes sense because, as you might notice in my comment, people are currently putting their money in what they think is safe and they are NOT putting their money in crypto. BTC has gone DOWN. DOWN means more people were selling than buying. DOWN means they put money somewhere else.
- Comment on 1 day ago:
A A Ron?
- Comment on Everyone's Trying To Get Their Money Out 1 day ago:
$VYM has never risen this much in such a short timeframe, it maintained value in the 2008 financial crash and then last year it gained almost 50% in 6 months. BTC has dropped from 0ver 110K to 70k USD.
People are realocating their funds to “safe” investments. If people wanted to flee from the stock markets they would reinvest in something foreign or decentralized, which is what crypto has to do with it, but instead that is the opposite of what is happening. If anything, the stock market’s total value is unusually high given recent turmoil.
Perhaps your confusion has to do with what Private Equity has to do with markets and evaluations? In which case, I don’t have enough time to help you.
- Comment on Everyone's Trying To Get Their Money Out 1 day ago:
I will believe it when Crypto skyrockets and $VYM plunges, until then nobody is “getting their money out of private credit”.
- Comment on oh shit waddup 1 day ago:
It already doesn’t.
- Comment on oh shit waddup 1 day ago:
The system that demonstrably has the least suffering is built upon suffering? How do you figure?
- Comment on oh shit waddup 1 day ago:
My view on true happiness is that happiness is good and the system that creates the most happiness with the least suffering is the best system.
I’m having trouble understanding which part of that you oppose. Is it your opinion that there should be less happiness total or that all happiness should cost equal or greater suffering?
- Comment on Unconventional strategy. 1 day ago:
Israel is literally waging a war to expand borders, so yeah, maybe they want to be left alone in the sense that they won’t accept any state other than Israel existing in the end.
- Comment on oh shit waddup 1 day ago:
The best example of democracy is the happiest most well cared for people on earth.
The best example of an anarchy is Myanmar and has common people living like medieval peasants while the elite treat it as the world’s most expensive resort location, while also being manipulated by China in proxy aggression with India.
- Comment on oh shit waddup 1 day ago:
lmao
- Comment on oh shit waddup 1 day ago:
Dat Boi is a meme from the 00s.
- Comment on oh shit waddup 1 day ago:
The Ultra Rich fear the IRS, that is why they promote people like Donald Trump in a bid to dismantle it. We created the IRS and we have a responsibility for future generations to empower and protect it, to harm people like the Ultra Rich, to harm Trump.
- Comment on oh shit waddup 1 day ago:
Prime example Finnland. Highest tax rate on the rich in the world and also ranks as the happiest nation in earth regularly.
Lesser example is that the USA, while failing, is still in a much better position than Russia which is solely countrolled by a plutocratic oligarchy for decades.
Clearly there is a spectrum for how much or how little people control policy and wealth. There is a a battle going on between the rich and the governments built by the people.
- Comment on oh shit waddup 1 day ago:
I feel like denying the existence of any amount of democracy everywhere on earth is exactly the mindset that empowers fascists and communist dictators.
It feels good to be able to simplify everything down, but concentration of wealth in market economies is a complicated issue that requires complicated solutions that the majority has been busy crafting and implementing for thousands of years as we progressed from the time of god kings to now. We have real democracies. We have means of the many peacefully controlling the few. We just need more people to participate in that system.
- Comment on I am a rocker! I am a roller! I am the out-of-controller! I am the Nightrider! 3 days ago:
Weirdly I don’t see any option to repost this, I think it would do well on NoncredibleDefence
- Comment on But Alex, we just met! I'd be lying if I said I wasn't flattered though. Middle America would never understand. 3 days ago:
It’s too late for him to switch sides. Idgaf if he switches from masculine boosters to feminine boosters, he’s not gonna “hello fellow kids” anybody now.
- Comment on political compass of political compasses 3 days ago:
Sorry I was sleep deprived, I don’t actually remembed either.
- Comment on political compass of political compasses 3 days ago:
It’s neat that they all think they’re the minority but the only one to overestimate their representation are the childf$$$ers.
- Comment on God's thicc juicy ass 5 days ago:
Michaelangelo gave them all thick juicy asses and a cardinal complained to the pope to make him paint clothes over all the people in heaven and hell.
Michaelangelo was so pissed he painted the cardinal in as King Minos at the gates of hell.
- Comment on if you google Chicxulub (the dinosaur killing space rock) a meteor will fly across your screen 6 days ago:
It’s been a wild recent change of categorization based not on features but on genetic evidence whenever possible.
- Comment on if you google Chicxulub (the dinosaur killing space rock) a meteor will fly across your screen 6 days ago:
TBF I could find a book from the last couple of years claiming the dinosaurs weren’t real.
- Comment on if you google Chicxulub (the dinosaur killing space rock) a meteor will fly across your screen 6 days ago:
Fun fact, most of what we know about the impact and the meteor comes from data found during Nuclear Weapons Testing. The energy needed for crystallization at impact sites gave us the data we needed to extrapolate for the force of impact at the crater, alongside other factors such as liquification of granite.
- Comment on U.S. Tomahawk Hit Naval Base Beside Iranian School, Video Shows 1 week ago:
Very unfortunate that it captures what happened to the base but not the school. It would have been nice to finally put this debate to rest.
- Comment on Why does it seem like teenagers killing people is way more commonplace in the UK now? 1 week ago:
People above a certain age in the UK know how to keep calm and carry on.
- Comment on Self-hostable multiplayer Parchis game 🎲 1 week ago:
doubt it but even if it does keep it to yourself, slopper
- Comment on update 1 week ago:
This idiot is messing with the Shadow Wizard Money Gang, good luck pal you’re gonna need it.
- Comment on the circle of men 1 week ago:
I liked Obama a hell of a lot more than Trump, in fact Trump betrayed the Kurds: Obama used US Troops to defend Kurdistan.
- Comment on the circle of men 1 week ago:
I liked Obama’s handling of the middle east: peace with Iran, hated by Netanyahu, build hospitals and schools, and still found plenty of opportunity to kill ISIS.
- Comment on An identification key 1 week ago:
I’ve seen enough of the internet to know an anthropomorphic dinosaur is fully capable of spreading a venereal disease.
- Comment on The three archetypes 1 week ago:
Yeah I was about to say the same thing.