awaythrow483

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

The movie fight club is a direct editorialized adaption of the Manifesto

I mean, they went to work for Oracle in 2023...

Scorpion and the frog. Pretty hard to have sympathy

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

If you want to understand what went wrong with America, start with private equity

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

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

No, I think AMD is really worth 500x earnings. No bubble here

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

E(BITDA) = MC^2

There is essentially infinite demand for better AI,

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

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

As pointed out above, complete fallacy. You are cherry picking a handful of dates that support your argument and those dates are completely arbitrary.

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.

This is an obvious troll. Bitcoin has absolutely stomped $QQQ of $NDX over this period as basically every other person here is pointing out.

Price is up today

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

Bitcoin up 2% on the news despite people in this thread explicitly saying "it made crypto price tank" in the thread

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.

I wouldn't worry. Banks are strong. No weakness in that sector

I went into a restaurant the other day and it wasn't empty. Absolutely no way SF is having issues.

Which I don't support...

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

Good. Not interested in having youtube play debate moderator or censor. People have a right to be wrong.

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

His fine amount is an anagram of 420,69x. $429,906. I'm going to say that was intentional

If you ever believed this wasn't true you are a rube

We work scammed about 40b+ in price that never existed as value.

They frittered the rest

And this is in a period of solid economic growth...

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

I know a guy who said he wants to work there

Its a joke. Sf is a basket case