SmoothIsFast

@SmoothIsFast@citizensgaming.com

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⁨Comment⁩ on ⁨Blueberry milkshakes⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

I completely disagree with you about the status of humanity.

Why because we happened to evolve to think? Given enough time something else would of if not us. Given we may end up causing our species to go extinct due to careless disregard for our environment and even human life in general. We really are not that special and it would serve us to treat the ecosystems, which enable life on this planet to thrive and evolve, with respect if we want to live long enough too see other stars or at least leave the planet in a decent state for the next species if we all die from pointless wars like humanity seems to love doing regardless of if we treat our environment better.
⁨Comment⁩ on ⁨The Aliens did a little trolling⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Based on the way the meme plays off, the only practical way to get the tech would show you value life over technology, hence the option for none, if it’s not a consensus for none how could you expect that species to act responsible with the tech and hence the tattooing and leaving.
⁨Comment⁩ on ⁨‘Terminator-style’ loss of control is biggest AI risk, Technology Secretary says⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
It’s not rogue AI, it’s dumb prediction engines getting sold as intelligence.

Who get to pull the plug on research that is too risky?

Guessing once a cover-up gets exposed where AI systems ended up causing friendly fire or a mass casualty from hitting an unknown edge case.
⁨Comment⁩ on ⁨‘Terminator-style’ loss of control is biggest AI risk, Technology Secretary says⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
The biggest risk is idiots not understanding its a prediction engine based on probabilities from its training set and trying to assign intelligence to it, like they are doing here. They are not gonna go out of control skynet style and gain sentience, most likely just hit actual edge cases and fail completely. Like ai target detection showing bushes as tanks, pickups as tanks, etc. Or self driving cars running into people. If the environment and picture is new a probability engine has two choices, have false negatives and prevent any unknowns from getting a proper detection or have false positives which may cause severe harm.
⁨Comment⁩ on ⁨Redditor when women⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Your experiment seems about the equivalent to a teenage boy calling himself a lesbian because they like chick’s, it’s just immature humor but I doubt that was the intent of the comment, sounds more like they were just an incel.
⁨Comment⁩ on ⁨One million years from now...⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Oh fuck off
⁨Comment⁩ on ⁨One million years from now...⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
I mean realistically even then we don’t know for sure, it took humans and our ancestors a couple hundred thousand years to develop to to where we are at now. It’s not to say any other of our closest relatives could end up on a similar path without us in the picture in a much more tropical climate as they are used too. The question is will the earth stabilize itself when we get to that point or will we take it out of balance so severely that it goes into run away warming like Venus ending all life.
⁨Comment⁩ on ⁨One million years from now...⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

Even if all the soil for growing food goes to crap, we can just engineer food crops that can grow in that soil.

It’s not about soil going to crap its about the climate surrounding those areas changing. Moon and Mars experiments are about indoor climate controlled greenhouses which sure can be done anywhere but not at the scale needed for our current civilizations or to replace the agriculture infrastructure at scale we have now.
⁨Comment⁩ on ⁨One million years from now...⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
I mean not really once costal areas flood and the locations best for growing food change we will see massive issues with humanity surviving, the rest of the ecosystem would adapt, migrate and evolve to survive. Hell even chernobyl basically shows us even if we went the full nuclear option wildlife would bounce back better than before with just maybe shortened life expectancies. We are a lot more prone to die from changes than the wildlife on this planet is.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

It seems like it should be easy enough to get those financial advisors for market manipulation.

One would think until you see the actual suits brought against these entities where, just like fox they argue its purely for entertainment purposes and any rational person would understand this and not treat it as truth (i.e think when cramer called bear sterns a great investment about a week before tanking, or the fact we have an etf which does the opposite of cramer that makes like a 20% yield ytd). It’s fucked to say the least in that regard.

If a large firm says a stock will do better than otherwise expected and then sells their clients’ stocks as soon as the price rises, how is it anything except simple market manipulation?

the world of venture capital and algorithmic trading has entered the room

Yeah it’s not done that simply. The basic game plan is as follows:

You never tell your clients directly what is great or not you point them to journals which can pump out articles like MontleyFool or yahoo finance who love their little disclaimer of this is not financial advise. Once you have primed the clients to want to invest for this upcoming ipo the next steps can follow: See YOU don’t have to sell the stock when your funds are managed by a trading algorithm like Aladin used by all your big firms from Blackrock to Citadel, because now you get to say it was an automatic sale based on risk assessment made by your algorithm with zero human interaction. So, you had your buddies in the VC world give inflated investment offers to the budding company in question, allow a couple rounds of investments with some nice articles about put out from those financial jourals along this journey, which serves a dual purpose one allow other firms to persuade investment from clients and two that when the company decides to go public their growth goals become untenable and the initial IPO crashes. You as a VC want to hedge your bet right? So you make some equity swap deals with some unsuspecting banks under a couple of different shell corporations. These swaps allow you to essentially open a net short position, but thanks to some great CFTC regulations that came out barring reporting requirements on these swaps it’s been even harder to see what’s inside them. As an addition, since these are equity swaps, the bank does not need to report their position to the SEC nor does the entity in question who created this swap with the bank in the first place as they technically don’t own the assets on hand (this is how archegos blew up and took creddit suise along with it). Now when the IPO hits your buddies down at the hedge fund’s algorithms are going to see the risk in the reported financial data from the IPO and the over valued IPO share price. Place in some articles from something like the MontleyFool about how all of a sudden this IPO doesn’t look so great and those VCs are going be screwed. Now you have the ammo, tools, and contracts set up to profit from the downside of this IPO. Then as a bonus by utilizing derivatives, you can short more than a hundred percent of a companies shares allowing you to profit in your equity swaps that have been going unreported obscenely. Now your coffer is full again you can pick up the next chump who is claiming to be the next ‘Steve jobs’ or at least pickup their assets for penny on the dollar when the company proceeds to bankruptcy. Then by the beauty of delisted stocks and warehoused FTDs on stocks who have been delisted no one ever has to know you shorted the fuck out of a company nor do you ever need to by back the ‘shares’ remember the scheme takes advantage of derivatives which bet on the price of a stock and allow you to buy/sell the shares at the price the contract was for.

There is a lot more nuance here in practice and some aspects were simplified for brevity sake, even if it already seems like a wall of text. The simple answer is its not simple to prosecute and yes the SEC is a mainly captured organization. Gary Gensler has been making strides in some regards but your previous heads, people like Hester Pierce and the constant revolving door from regulator to head executive at trading firms shows another issue with the system. Read the comments on SEC proposals. Another decent starting point if you haven’t had any exposure to these issues is taking a look into the problem with Jon Stewart and his episode on the stock market. It’s not perfect but can give you some insights into how rife with conflict of interest wall street and the SEC truly are.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

If you live in the eastern part of the US, you might find it interesting to look up water rights west of the Mississippi; it is an absolute madhouse.

I’ll have to check out how the west coast allocate water than should be an interesting rabbit whole to dive into.

Spent a year in Colorado not long ago. The water that fell from the sky was owned by someone else before it even hit the ground, though I think I heard that there were some changes specifically in regards to rain barrels since I left.

I mean, even if that’s the case, who enforces the rights to “sell” that water? I’d assume it’s some lower level employees or still municipality government that could just also up and not give a shit that some billionaire has staked claims to sell this water to whoever they please instead of allowing it to flow to those in need. Almost all the claims of ownership from those obscenely rich are more or less just expected to be respected and enforced by those who suffer from their exploitation, most systems could continue on tomorrow and gain efficiency I’d we gave the middle finger to the wealth hoarders and banks.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
The problem with the stock market is something we could be debating for hours here (fails to deliver, repacked bonds getting rating upgrades, margin requirements getting waived for big firms, lack of any transparency within the equities swap market, most trades being made off market, 401ks being used for locates in predatory shorting, etc). So I’ll just touch on one thing here before it shoots into something completely morphed from the original discussion.

Even then, do keep in mind, when someone sells a company it isn’t just burning their connection to it; someone else is buying it. Usually some middle-class chump who didn’t understand the company was dying, and is indeed covering the loss by losing his retirement fund to it.

I know which is why I specifically stated we bar those bigger investors from pulling out to con the middle class/poor worker thinking they can make it big off some investment advice from a paid wall street mouth piece like Jim Cramer or countless other ‘financial advisors’.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

those poor people depend on having a useful currency to trade for tools to make more food. If you crash the economy the little piece of paper we trade around right now will become worthless and we will be back to bartering until someone prints new paper or mints a new specie to use.

You are too ingrained with a monetary system you can even imagine a system in which one doesn’t exist. The miner doesn’t need a currency when his food and tools are provided for. The metallurgist doesn’t need to sell tools when they can give away the excess. The farmer doesn’t need to sell his food when he can give away the excess. We don’t need constant accumulation to distribute resources in an efficient manner. Especially when the only reason these excess products weren’t given away in the first place is profit motive. Not to mention most of the labor intensive work could be outsourced to robotics where we not hoarding the physical resources for profit and war time motives, making them overtly expensive.

We live in a time where automation and robotics could allow us much more freedom and dignity however we have allowed those at the top too use that efficiency to hoard profits and resources as power management tools instead of utilizing these resources for growth and equity across our species.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

This in particular is an interesting idea. Would be interesting to see what “good” a “psycopath” could do within certain limits.

There are definitely many avenues in which they could excell at. I mean decisions which need complete objectivity maybe something they excell at consulting for where as if you allow them access to gaining unmitigated power your in for a bad time as we see today.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

Scarcity is not a creation of the uber rich, it just exacerbated by them.

40% of food is thrown out in the US every year, food scarcity is not an issue in the US at least. Sure there are certain decisions that need to be made but once again, these decisions are not required to be done by the billionaire class and are already being handled by your lower level municipality workers. It wouldn’t delve into chaos because Joe stopped telling investors why they should invest, we simply need to forget about there bullshit profit motives and manage resources without a dollar valuation and instead based on how scarce the resource and its utilitarian value is when utilized in a specific process.

Scarcity is not a creation of the uber rich, it just exacerbated by them.

Exactly scarcity is the the means at which we can judge how something can be utilized, when you complicate that with dollar valuations instead of the utility and efficiency it can generate you end up in a corrupt broken system extracting wealth to those who can name prices, instead of proper resource allocation that can benefit all.

Right now it is mostly decided by economic power and a byzantine set of rules and laws dictating who owns the water.

As stated it’s currently handled by municipality workers who can continue with the current process or switch to one which values the utilitarian output of a decision versus its economic value. None of the issues described are solved by or aided by the inclusion of a billionaire class, instead they, as you stated, exacerbated by such classes of individuals.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Are you stupid? You know The Unscrupulous Man described in Ancient Greece? Countless times throughout early history they are frequently described based on their personality types and ways to “deal” with them…
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

I completely agree though with a caveat. I can’t imagine a just way we would completely eliminate people like Putin.

You institutionalize them instead of giving them the keys to castels. Vikings turned their psychopaths into their most vicious fighters and isolated them from the rest, we decided to put them into positions of power both goepolitically and economically, then glorified them and it’s now killing us. Before that psychopaths have been described and usually killed off on the spot. If we ever get to be a space fairing civilization it might be smart to utilize them as resource allocators on multi generation ships as their lack of empathy could actually benefit the survival of the whole in those situations but not when we allow them to use accumulation of wealth as their tool as it drains everyone’s resources.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
You just have the workers go to the same plants produce the same food and give it away instead of allowing profits to go to the billionaires. The system is in place we just need to ignore the dumb fucks siphoning everything away. We already produce excess, and we can continue to do so…
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

What are the poor going to eat after that?

The same food they are forced to slave away to produce. Are you fucking stupid? Poor people are literally the foundation of your society not some executive flying around to talk to clients. Literally fuck off. IT has access to security controls in an org. Accountants can access funds if they need as they have the rights. Billionaires add nothing of value to this society nor to its functioning. The driver who delivers your produce, the farmer who produces it, the factory worker who packages it, the restaurant employees who cook and serve you, the gas station clerk who turns your pump on and off, the grocery store workers, the municipality workers managing waste water and electrical infrastructure, all the jobs foundational to a society are not done from billionaires and seeing the rich gone tomorrow would not change that instead it would release a burden and allow progress. Honestly it takes just a miniscule of common sense to understand this, which shows how disconnected and stupid the billionaire class and those who defend it are.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

there is a real issue that investors will bail out if they aren’t seeing returns.

So we force them to cover bad bets instead of getting to walk away because they have money.

I have a hard time believing the federal government would ever let the big three collapse

So make those investors cover the loss instead of allowing them to pull out and short the shit out of the company requiring the government to infuse cash to keep them from failing.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
The Dollar is the world reserve currency. Most billionaires wealth is directly tired to its stability. It’s why China/Russia may hate our government but they don’t try and fuck with wall street, they have their value tired to the same piggy bank. Destroying the US economy would directly impact the billionaire class and to act like it wouldn’t is such a fucking cop out.

So now my family is going to suffer because of something completely unrelated to my role and performance.

Considering you seem to not give two shits about the others getting affected by shit outside of their control and now that we are working to get rights for everyone else you feel slighted because your fucked corporate role aided in fucking everyone else, I have no fucking sympathy for you. I hope your affected because then you might just fucking get it because you clearly fucking don’t. Go pound sand dumb ass.

They’ve been offered 20%+ raises, cost of living adjustments, signing bonuses, elimination of tiers, more holidays off, and better profit sharing - which is a huge improvement and gets them the majority of what they are asking for

They want CEOs, and the billionaires reading the benefits of their work to be striped of most their wealth and redistributed to the masses where it’s needed. They don’t want scraps and what should of been given in the first place, they want fucking change. Honestly the fact you think this is enough clearly defines how fucked your mindset is and clearly demonstrates why you need to feel the hurt from this change. Go cry to your ceo I’m sure he will toss you to side just as quickly as everyone else even though you feel so strongly you need to defend those incompetent pieces of shit.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
They are the good ol’ I support what ever doesn’t inconvenience me. Fuck em, they want to side with fascists because it’s easy, they can be treated the same as its ‘easier’ to not distinguish them. Let em reap what they sow.
⁨Comment⁩ on ⁨Wreck the economy because it only works for the billionaire class.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

Have you considered it may be your attitude holding you back? I’m not a business owner, but I haven’t done a decent number of interviews and participated in hiring decisions. Someone who gave even a hint of this toxicity would never be considered for any decent paying job. Most people as extreme as you seem to be can’t hide it very well.

Oh, look, you worked for a company without ethics, making sure they can keep their status quo, congrats dumb ass, you’re part of the problem as was described before. Any company with a backbone doesn’t give a shit and will allow you to participate in community outreachs that help progressive initiatives. You are to worried about your creature comforts that you can’t fathom that their are massive portions of the population without such comforts and instead of sticking up for the right to those comforts for all (which you somehow think would strip you of your comforts instead of excess from those whom are accumulating obscene amounts of captial beyond reason), you would rather villianize those attempting to make change as it could mean an inconvenience for you in the short term as changes are made, fucking pathetic.
⁨Comment⁩ on ⁨Almost all remote-work news is negative now but was positive in the beginning of the pandemic. Have you noticed this or am I going crazy?⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
Your s and p 500 is not filled with corporate real estate bonds, the hedge funds shorting and pumping the market are using these bonds for collateral to play the opposite side of your investment. Stop acting like this has a negative effect on the general populace. If anything it would be a boost to the regular folks as those short the s and p would lose collateral and have to buy back in on their short positions, increasing the return of 401ks and the like. It harms the most enriched funds that short almost everything in our market after supplying unlimited VC funding to inflate the companies value before IPO. This particular problem is squarely an elite problem not a general one ffs.
⁨Comment⁩ on ⁨Almost all remote-work news is negative now but was positive in the beginning of the pandemic. Have you noticed this or am I going crazy?⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:
It’s called all the corporate leases on buildings in major cities. Wall Street bought up all the bonds surrounding those debts and with nobody needing to continue work in cities, those corporate real estate prices are about to crash really badly if they can’t bring people back to cities. That means their balance sheets go out of wack and certain positions become untenable to maintain, not to mention they stand to loose a shit load of money. Hence everything saying its bad now, they need people to move back or their investments fall. It’s not about productivity, emotional benefits, collaboration, but about wealth for the elites.