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Joined 1 year ago
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Cake day: July 13th, 2023

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  • While trading in general is zero sum, if you believe the product you’re trading has intrinsic value, then no one needs to be holding a bag.

    If I sell you a car and you get to use the car, you wouldn’t be holding the bag, because you wanted the car. This applies to stocks, and stock derivatives, as well as commodities.

    The problem arises when there isn’t an intrinsic value (or the intrinsic value is very small), such as with NFTs or many cryptos in general.

    There are cryptos that have some intrinsic value like monero, since they have fungibility and a use case, but most do not.



  • The people who can get holidays off are generally the people who have the means to vote otherwise.

    Until the last few years, the only time I had holidays off were if I could get someone to switch with me, meaning at least someone was working that day.

    Labor day didn’t mean shit to me working at fast food, and retail has sales instead of closing.

    Walmart ain’t closed on labor day and neither is McDonald’s.

    That’s the first and second largest employers in the world, not respecting the holiday literally made for their employees.






  • Decentralization isn’t the reason, and conflating it with fediverse services is disingenuous.

    The reason many cryptos use a lot of power is because of proof of work.

    Proof of stake and proof of work have the same effective result for voting power. In order to effectively mine, you need a large capital investment and in order to stay competitive in mining you need to continue spending capital, the same is true for proof of stake as the larger overall stake the lower the payouts, so it requires more capital investment.






  • Declarative, functional code is by definition much closer to ai prompts than any imperative code. Businesses are just scared of functional programming because they think that by adopting oop then can make developers interchangeable, the reality is that encapsulation is almost never implemented in a proper way and we should be instead focusing on languages that enforce better systems over slamming oop into everything.

    Hell, almost every modern developer agrees that inheritance is just bad and many frown upon polymorphic code as well.

    So if we can’t properly encapsulate, we don’t want inheritance or polymorphism, we don’t want to modify state, what are we even doing with oop?