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Joined 1 year ago
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Cake day: July 7th, 2023

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  • David and Amy are - openly - skeptics in the subject matters they write about. But it’s important to understand that being a skeptic is not inherently the same thing as being unfairly biased against something.

    They cite their sources. They backup what they have to say. But they refuse to be charitable about how they approach their subjects, because it is their position that those subjects have not acted in a way that is deserving of charity.

    This is a problem with a lot of mainstream journalism. A grocery store CEO will say “It’s not our fault, we have to raise prices,” and mainstream news outlets will repeat this statement uncritically, with no interrogation, because they are so desperate to avoid any appearance of bias. Donald Trump will say “Immigrants are eating dogs” and news outlets will simply repeat this claim as something he said, with adding “This claim is obviously insane and only an idiot would have made it.” Sometimes being overly fair to your subject is being unfair to objective truth.

    Of course OpenAI et al are never going to openly admit that they can’t substantially improve their models any further. They are professional bullshitters, they didn’t suddenly come down with a case of honesty now. But their recent statements, when read with both a critical eye, and an understanding of the limitations of the technology, amount to a tacit admission that all the significant gains have already been made with this particular approach. That’s the claim being made in this headline.








  • You’re missing the fact that a flatscreen TV will still often represent - as a portion of someone’s wealth - a far greater cost than a private jet would to a billionaire. Consider that most low income people are getting their cell phones on payment plans, whereas a multimillionaire can afford to buy a Lamborghini Gellardo out of pocket. On top of that, high end purchases like cars, yachts, houses, fine art, etc, often retain a lot of their resale value, turning them into investments in many cases, often reselling for more than their purchase price. So yes, I absolutely did account for the tax exemptions on “essentials”, and even when you factor those your sales tax only model still ends up being less onerous the more wealthy someone is.

    I also want to call out the unspoken implication that is often present with these theories - not accusing you of doing this, but it needs to be said - that items like phones, computers and TVs are extraneous luxuries that no poor person should ever own, as if enjoying a fulfilling life or engaging in relaxation are things that only the wealthy should be allowed to have access to.


  • No

    An investment contract exists if there is an “investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.”

    And just to be absolutely clear, many cryptocurrencies do not qualify as investments, and the government agrees. However there are numerous other regulations that the crypto industry apparently cannot handle, such as “Know Your Client” laws, which all financial institutions have to abide by, and which exist to prevent money laundering (Binance’s internal emails revealed that they knew perfectly well that their clients were using their service to facilitate crime, and they were perfectly happy with that).

    These are not bad faith regulations. They exist for good reasons, and there is absolute no good reason why the crypto industry shouldn’t also be subject to them. If these are currencies they should be regulated like currencies. If they are investments they should be regulated like investments.


  • There wasn’t a need to “define a new regulatory framework that actually fits” because, funnily enough, the existing regulatory framework already fits. It turns out, inventing new words doesn’t actually change the fundamental nature of the thing you’re describing. Refusing to call something an “investment” doesn’t change the fact that you’re selling an investment, refusing to call something a “security” doesn’t prevent it from being a security if it meets the definition.

    Edit: Sorry, let me address that ridiculous point about Coinbase “asking for clarity” directly. Yes, Coinbase repeatedly “asked for clarity” in the same manner as a dude in a girl’s DMs repeatedly asking for nudes while being told in the bluntest of terms to fuck off. They were given perfectly clear answers, they just didn’t like them, so they kept claiming, with zero fucking basis, that these will laid out rules that every financial institution has been following for decades were somehow “unclear” to them. It was a conversation not unlike a Sovereign Citizen trying to get out of a speeding ticket by claiming that they don’t understand where the officer’s authority comes from. The law is prefectly clear. If you don’t understand the law, you hire a lawyer who does. That’s a cost of doing business. Sticking “smart” in front the of the word “contract” doesn’t suddenly invent a whole new field of law. I can’t suddenly get away with murder because I call it “crypto murder”. The law is based on what you do, not what you call it.




  • Companies release free products to bring people into their ecosystem. If your company is already using Workstation Player, and now they’re looking for a Type 1 hypervisor, it makes sense to seriously consider ESXi. The idea especially is that you get smaller companies hooked on your free products early and then as they grow they buy more of your stuff rather than reconfigure their whole setup. You also get IT enthusiasts and home users to adopt, which gets you name recognition and builds familiarity. Then in the workplace those same users look to your brand as one to trust.

    For VMware, the problem is that they recently made a huge volley of deeply anti-consumer moves - basically told all their small customers to fuck off, and told their big customers to prepare to get fucked - and it really did not go the way they’d hoped. Turns out when you’re competing in a space where KVM, Hyper-V and XCP all exist, it’s actually not that difficult for customers to leave. So they did.

    This won’t directly help their bottom line but it’s presumably a sacrifice play to salvage their brand somewhat. Turns out when you tell people to fuck off, they tend to do just that.