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Cake day: June 7th, 2023

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  • saigot@lemmy.catoLemmy Shitpost@lemmy.worldButtcoin
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    1 day ago

    it only continues to work, if money enters the game continually.

    If i invest in a company, they take that money and at least theoretically make something other people want and turn your money into more money. Periodically all the investors vote on whether they put that money back into the business and try to make MORE money or to split it up and give everyone some cash (dividends). The thought of that potential dividend payout makes people excited and makes the value of having access to that payout go up, and so people that no longer want to wait can sell their shares, making money and leave the system. In this way everyone can win, and everyone can continue with the same belief in the stocks future. the customer get something in exchange for their money, the company gets to grow, the cashing out investor gets money and the new investor gets an opportunity for eventually dividends or to cash out themselves.

    Bitcoin doesn’t work like this, there are no dividends at the end of day. OC got 8k from people who believed the market would go up. If both parties agreed with bitcoins trajectory then a transaction would not take place. In this case OC lost and the other investors won, but if OC and everyone like him had known bitcoin would go up then paradoxically bitcoins value would go down since no one could realize its value. Bitcoin will always yoyo forever siphoning money from those with less market knowledge to those with more market knowledge (or ability to manipulate it) until there aren’t enough people in it anymore. They aren’t making money, just moving it around.


  • white plays b5 threatening your knight, if you take d4 then white takes with the queen (i assume it’s there), so you either have to retreat with the knight (wasting 2 turns) or lose it.

    E5 is good because it opens an attack on the b pawn with the black square bishop, and if you do take it you get a free check which only defenses that are kind of awkward/passive. protecting the b pawn is also a little weird, the engine thinks the best move for white is a3, which doesn’t do much to take control of the center or develop any pieces. White could take the e pawn but that’s just trading pawns and the end result is that black has a developed bishop and a better pawn structure.













  • I agree with Ken, but disagree with his reasons (in particular I think hiis first point is wrong) Here’s mine:

    • Doomerism like this is a self fulfilling prophecy, you are giving them permission to do the thing and discouraging the many people fighting to try and make the next election happen properly.
    • Most autocratic nations have elections, they just aren’t fair or free. American elections have never been completely fair, but have also been declining rapidly. The original statement thus promotes a dangerous false dichotomy (“see nothing to worry about, we had an election those gosh darn fear mongers don’t know what they are talking about”)
    • It’s not productive. Your belief that there will be an election in November or in 2028 should not change any of your behavior, it’s simply a demoralizing statement with no call to action, that is the opposite of what american freedom fighters need. Ultimately all it accomplishes is to make a bunch of anti-facists dislike Ken for making anti-facist statements.