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Joined 1 year ago
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Cake day: November 25th, 2023

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  • First half is straight forward dick measurement contest. Let me paraphrase: “My companies has huuuuge revenue! Why haven’t yours? Maybe because you are so toxic? Have you thought about that, man with smaaaall revenue.”

    Notice how it’s all revenue, not profit. I think this mindset gives an insight into why so many tech bros if they stumble onto profit, quickly grows out of profit. Profit isn’t the score, revenue is. And it’s all about hitting that high score so you can feel like a big man.










  • Even if no one can use the wealth, wouldn’t it be placed in some kind of trust in order to keep accruing wealth rather than be decimated by inflation?

    And then, as the frozen rich wouldn’t use any of their wealth, it would just keep accruing wealth. They would be perfect, frozen, capitalists. The control of that wealth would give power, and controllers of the trusts can gain even wealth and thus power more by coordinating. The power would only keep growing as more rich freeze themselves to keep up with and join the growing trust of trusts.

    Living in a society where the frozen owners would own all the means of production, these frozen owners would naturally be hailed as sleeping kings in order to motivate me system. They may even be seen as something godlike.

    Then one day, if one wakes up, it would cause immediate power struggles, as well as give a flash point for the discontent of the billions of impoverished serfs slaving away for the controllers. But the controllers would mobilise violence, and…

    Oh, HG Wells already wrote this story. Typical!





  • Yeah, his name comes up in the Folding Ideas video. Don’t remember his name though, but if I remember correctly, he was a stock trainer who realised that large investors had large bets on game stop stock going down, and if it instead went up there was a lot of money to be made by betting on it going up. So he made such bets, spread the word, stock went up, he got rich and exited stage left without getting prosecuted for market manipulation.

    But by then the whole memestock thing was of to the races.