Recent comments in /f/technology

NW-M-1945 t1_jebxtk0 wrote

That’s why we should always vote for more legislation and always scream foul play if someone is giving us something for no security. It benefits us for 5 minutes while the richest out there are taking 1000% advantage of the same lack of controls that we’re offered to you, the difference is that they get away with it but you can’t afford to!

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SomeSwordsCutDeep t1_jebxno3 wrote

The Navajo people, whom live in the Southwest on the borders of Arizona and New Mexico and have by land area the largest reservation in the US are Athabascan -- aka, Pacific Northwestern. They showed up in that area as conquerors not long before the Spanish showed up. Some of the other tribes and native people still harbor resentment that the borders got drawn when they did, because they were working on repelling them. To the point that as a kid, when we'd have field trips to various natives monuments or communities, different native kids from different tribes would not go to depending upon which tribe / monument we were visiting.

And they very much did believe in the thought of owning land; they just didn't have property deeds written out, and have communal thoughts on more things, but still had the concept of private residences and private belongings, and private separate spaces to exist in. There's still a bit of the noble savage myth going on and circulating around a lot of this (the various tribes and people that compromise the native americans were really fairly typical stone age societies).

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Dwarfdeaths t1_jebwqhd wrote

For corporations, at least, I think a stock-based solution might be a good approach to the transition of capital to land.

The work you do for a company can be divided into two broad categories: (1) directly trading time for product, and (2) creating stuff that increases productivity of future labor. Manually stamping every part on a factory line or waiting tables would be type 1, and writing code or building robots would be type 2.

So, it seems logical that you could define two classes of stock: "labor stock" and "productivity stock." Labor stock is issued when you join and dissolved when you leave, which basically pays wages for type 1 work (companies must now issue regular dividends as their wage process).

Productivity stock is issued as you work and stays with you when you leave, until it expires (end of life or some fixed time). When productivity stock expires, it is transferred to the public.

Depending on the scope of work, a worker may be paid in some mixture of the two classes.

As time moves forward, ownership of a company (and its assets) will gradually move from the original workers to the public, while still incentivizing the production of new capital at the company. In this system you could no longer issue stock to raise money; instead, money would have to be raised through "loans" with fixed payback terms, rather than indefinite future ownership of the company.

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voice-of-reason_ t1_jebw3a0 wrote

Have you read the Bitcoin white paper? It states it’s purpose in their.

You can’t judge a technology based on what some people on a subreddit say, you base it off of what the creator says.

Bitcoin is a decentralised peer to peer payment network - as described by the creator - that has been operating with no significant downtime (I.e. 0.000x%) 24/7 365 since 2009. If you don’t see how that is a good investment I don’t know what to tell you.

In you’re example you talk about silver being essentially worthless even though lots of people thought it had value. The reality is that this is the situation of the USD, GBP ETC. These currencies are seen by essentially everyone as safe but they have been collapsing slowly for the last 50 or so years, I’m sure as an older person you remember and have actively experienced this with the cost of everything increasing over your lifespan.

To me, in 2023 Bitcoin is the cash of your example and cash is the silver. It’s fine to disagree with that but every year and every recession more and more people realise the value of a neutral asset like Bitcoin.

Inflation over the past year has been bad, but hyperinflation (which is inevitable for all regular currencies) will kill your nations economy, Bitcoin doesn’t suffer that issue.

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MC68328 t1_jebvt2v wrote

>It's justified by linking another article which uses as its source... not joking... "Internet Rumors".

This is the article he's vague-commenting about:

https://reason.com/2023/03/29/could-the-restrict-act-criminalize-the-use-of-vpns/

> Maybe just ask a lawyer before saying what the bill does or doesn't do?

What a weird thing to say when there are idiots in Congress with law degrees who don't understand the law, the Constitution, or the consequences of what they write or vote on.

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Western-Image7125 t1_jebviyz wrote

And no one repays their loan in full, interest keeps going on increasing. So the debt increases exponentially forever. Until the day the house of cards comes crashing down and people/banks need their money back for some reason. Then there’ll be widespread bloodshed and fighting and suddenly nobody is immortal because nobody is safe. So the earth is rid of humans as it always should have been.

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moodygradstudent t1_jebv2a6 wrote

If it ever comes back, I'd be surprised to be honest. The console makers have been doing fine promoting their own products as they see fit without the expense of setting up a physical space at a trade show. I'd say larger developers are in a similar situation.

Smaller and up-and-coming developers are probably the ones who lose the most out of this being cancelled. Unfortunately, without the bigger names committing, and thus drawing interest, it probably wasn't looking worthwhile.

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FreezingRobot t1_jebusrs wrote

Well that's unfortunate but not surprising. You hear a lot about State of Play or Nintendo Directs, but it seems like they don't want to do big in-person shows anymore.

I remember going to Pax East a decade ago, and everyone who was anyone was there, and getting the three day badge was worth it. Now the show floor is almost entirely tabletop games or indie studios (which is fine!), and there's usually only a few big-name people doing panels. Still a good day trip but not what it was.

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