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awaythrow483

158 karma · joined February 9, 2022

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awaythrow483··on ‘His ideas resonate’: how the Unabomber’s dangerous anti-tech manifesto lives on
If you haven't read the manifesto, do yourself a favor and read it and come to your own conclusions. In my opinion it's a weird mix of extremely coherent and well reasoned points that come to a sort of nonsensensical conclusion but that doesn't deter from how good the good parts are and they are definitely worth reading

If you strip out the call for revolution stuff which is very poorly argued anyway and I think just transparently will never happen, the remaining 80% of the manifesto is very well written

awaythrow483··on ‘His ideas resonate’: how the Unabomber’s dangerous anti-tech manifesto lives on
The movie fight club is a direct editorialized adaption of the Manifesto
awaythrow483··on Oracle cuts hundreds of jobs, rescinds job offers in its health unit
I mean, they went to work for Oracle in 2023...

Scorpion and the frog. Pretty hard to have sympathy

awaythrow483··on Private equity is buying everything from vet offices to tech conglomerates
Where does the money for all of that lobbying come from?

Bribery has and will occur in every society. Lobbying is so bad in the US because certain groups have basically unlimited money

awaythrow483··on Private equity is buying everything from vet offices to tech conglomerates
If you want to understand what went wrong with America, start with private equity
awaythrow483··on Instant Pot and Pyrex Maker Instant Brands Files for Bankruptcy
Roughly the things to look up are private equity and their "bust out" strategy

https://www.youtube.com/watch?v=z5PLEZiSZV

https://www.youtube.com/watch?v=r3_41Whvr1I

https://www.youtube.com/watch?v=o10nh86q64Q

https://www.youtube.com/watch?v=n7VmIy0VXOY

Buy a company with debt (leveraged buy out). Hand that cash back to the "private equity investors". Let the company go bankrupt and the debt magically dissapears.

Basically legalized theft at enormous scale

awaythrow483··on Instant Pot and Pyrex Maker Instant Brands Files for Bankruptcy
Modern consumer brands have essentially nothing to do with selling consumer goods. They are financial vehicles for private equity to lever up on.

In a decreasing liquidity environment many of these schemes will blow up. They could have sold 100x more insta pots and it wouldn't have mattered, it's pure financial gambling under the hood

awaythrow483··on The AI hype bubble is the new crypto hype bubble
No, I think AMD is really worth 500x earnings. No bubble here
awaythrow483··on 90% of Apple's value was created under Tim Cook
90% of Apple's stock price was created under Tim Cook. That's what happens when you shift your effort from producing value to financializing
awaythrow483··on AI: Nvidia Is Taking All the Money
E(BITDA) = MC^2
awaythrow483··on AI: Nvidia Is Taking All the Money
> There is essentially infinite demand for better AI,

New paradigm stuff. Infinite demand. It will be able to create a perpetual motion machine easily.

awaythrow483··on The religion of consumer capitalism and construction of corporate sacred spaces
Pseudo profound bullshit. People buy stuff. It makes sense to construct spaces to conduct these activities. There's nothing interesting to be gained by the comparison to religion.

The best case relationship that really holds is that both are concepts that relate to sociology. That's it

awaythrow483··on US SEC sues Coinbase, one day after suing Binance
As pointed out above, complete fallacy. You are cherry picking a handful of dates that support your argument and those dates are completely arbitrary.
awaythrow483··on US SEC sues Coinbase, one day after suing Binance
Let's layout the fallacy here because it is trivially obvious:

You are cherry picking the exact top for bitcoin while not doing the same thing for QQQ.

You mention 5 years ago so lets use your arbitrary data point:

Bitcoin was floating between 7500 and 6500 this week 5 years ago. Let's use the upper end. Bitcoin is up well over 300% over this period.

QQQ is up 103.10% according to google over the last 5 years.

Nothing about adding the word "rolling" changes this.

awaythrow483··on US SEC sues Coinbase, one day after suing Binance
This is an obvious troll. Bitcoin has absolutely stomped $QQQ of $NDX over this period as basically every other person here is pointing out.
awaythrow483··on US SEC sues Coinbase, one day after suing Binance
Price is up today
awaythrow483··on US SEC sues Coinbase, one day after suing Binance
This is an article about the SEC coinbase announcement. That happened today. So I'm not talking about what happened yesterday, I'm talking about what happened today, because that is what is relevant to the article we are discussing.

so, ummmmm..... like..... bruh. go check what it did today

awaythrow483··on US SEC sues Coinbase, one day after suing Binance
Bitcoin up 2% on the news despite people in this thread explicitly saying "it made crypto price tank" in the thread
awaythrow483··on Universal basic income of nearly $2000/mo to be trialed in UK for the first time
Startling conclusion: The 30 people who received a substantial amount of free money liked getting free money.

Follow up conclusion: Therefore we should give everyone cash.

awaythrow483··on US banks prepare for losses in rush for commercial property exit
I wouldn't worry. Banks are strong. No weakness in that sector
awaythrow483··on Park Hotels Stops Payment on Loans for Two San Francisco Hotels
I went into a restaurant the other day and it wasn't empty. Absolutely no way SF is having issues.
awaythrow483··on YouTube now allows videos that falsely claim Trump won 2020 election
Which I don't support...

Feel like that was abundantly clear from the content of the post.

awaythrow483··on YouTube now allows videos that falsely claim Trump won 2020 election
Good. Not interested in having youtube play debate moderator or censor. People have a right to be wrong.
awaythrow483··on UK House Prices Fall at Fastest Pace in 14 Years
Food inflation is hovering around ~20%YOY in the UK.

I don't think people understand how much of a basket case the UK is

awaythrow483··on Man Guilty to Federal Charges Scheming to Obtain $1.2M in Covid-19 Loans
His fine amount is an anagram of 420,69x. $429,906. I'm going to say that was intentional
awaythrow483··on Amazon's Ring gave employees “unfettered” access to customer videos, FTC alleges
If you ever believed this wasn't true you are a rube
awaythrow483··on WeWork has frittered away $46.7B in value as the stock sinks below ¢50
We work scammed about 40b+ in price that never existed as value.

They frittered the rest

awaythrow483··on Almost 90M American Adults Struggle to Make Ends Meet, Census Says
And this is in a period of solid economic growth...

Its going to be absolutely brutal if we hit a serious recession

awaythrow483··on Uber attempting to reduce office space in SF / 31% of office leases open
I know a guy who said he wants to work there
awaythrow483··on Uber attempting to reduce office space in SF / 31% of office leases open
Its a joke. Sf is a basket case
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