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

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  • Email is not the same, if it was, then mastodon would just be another email client.

    One of the biggest issues with federated social media is discovery, a specific problem that email doesn’t deal with, sense communication with email is primarily done between individuals with known addresses.

    It’s also easy for people to comprehend email because it has an easy analog to regular addresses and traditional communication (I’m writing a letter on my computer and it’s getting sent to someone else’s computer)

    Finally, it took email decades to get to the place it is today, and 99.99999 percent of people using it don’t understand how it works in the slightest, like at all.






  • Google could pay chrome billions just like they pay mozillla and apple…

    Besides it’s not like that’s really true anyway, chrome would make tons of money independently, it would just sell user data to Google or other parties instead of Google getting it for free. Chrome ‘doesn’t make any money’ because it doesn’t need to on paper, the same way a parking lot doesn’t make any money for a grocery store, but if a third party owned the lot, the grocery store would just pay them to use it, or the individual people using the lot would.

    Chrome is the biggest browser and successfully collects data on billions of people, additionally, chrome development would absolutely be supported by all of the companies that build chromium based browsers like Microsoft, opera, brave, etc.





  • When you mortgage a home as an investment property, you are leveraging your money 5-1 (on a 20% down payment)

    If rent covers 90% of the mortgage, you still make an absolutely huge profit amortized over the loan.

    If you consider the tax incentives (interest write off, depreciation, capital gains deferment, pass through deduction) the gap in the rent can be covered.

    Consider paying 50k down on a 250k house, the. Paying an additional 15 percent over the life of the loan (around 40k) to cover for gaps in rent.

    Over the life of the loan you turned 90 grand into 250 grand (and a house is an appreciating asset, so it will likely be worth more than 250 by the end of it all)

    Deduct depreciation (value of the home minus land value over 27.5 years) and carry over losses can even make up for the gap of rent you pay entirely over time.


  • For real open source projects, it’s a lot of the time not nerds working for free.

    All your favorite frameworks and libraries are often developed in house at big companies (angular, react, vue, tensorflow, Kafka, pytorch, k8s, Jenkins, and many many more).

    And even then, much of the development on them is done by people who are getting paid to use the frameworks at smaller companies.

    There are tons of examples the other way too of course, but even the Linux kernel is mostly corporate commits, Google, Huawei, Oracle, and others.

    This isn’t inherently bad, but it’s not as cut and dry as people make it out to be.

    I want to add, that language development is also often done by companies. Today for example is a Mozilla thing, and while a non profit, the devs aren’t working for free.




  • Well, a lot of stock trading isn’t as simple as just stock picking, buying and selling individual stocks.

    Much of the market is made up of derivatives trading, such as options, where you aren’t trading the stock itself, instead you are trading the option to buy the stock.

    The value of the option is derived from the value of the underlying asset, but it is not absolutely coupled to it (this is how a lot of the money is made, by finding market inefficiencies and capitalizing on things like slippage, where there is a mismatch in the value of the derivative and it’s underlying)

    What the person above is saying is that, when it becomes no longer profitable to trade underlying assets directly, new derivative markets will be invented that trade around other underlying assets.

    Think about unregulated Bitcoin trading for example, while contrived, imagine a crypto currency that is coupled with the price of another asset (these exist, like USDcoin) such as a stock, future, option, or something else.

    I should add, typically the derivative kind of collapse into the underlying at some point, but in the case of an option, it might be traded 100 times before that happens, during each of those trades the actual asset (e.g. the underlying stock) doesn’t actually change possession, and a given side of the contract may or may not be changing possession. If you write a call option for a 100 shares of Ford you own, you aren’t selling the stock unless the actual call gets assigned and you are required to fulfill the contract, but the ‘buyer’ side of the contract could have been sold 100 times in the meantime.

    All this to say, it’s complicated and there are lots of opportunities for shady shit to happen.