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N00bN00b commented on Beware of a New Amazon Token Crypto Scam   blog.avast.com/beware-of-... · Posted by u/saturn5k
mdoms · 4 years ago
I have a special immunity to crypto scams. I simply never have and never will purchase any kind of crypto "currency" until someone can articulate, at a bare minimum, one advantage it confers to me over and above "normal" currency in day to day usage. Bonus points if that benefit even comes close to offsetting the environmental carnage the ecosystem wreaks.
N00bN00b · 4 years ago
I've been using it for well over 10 years now.

Sometimes I want to spend money on things that I think are morally right, but the credit card companies/paypal won't let me buy.

You can search for lists. I'm doing things that aren't even on most lists (things like buying medication - not drugs - at a discount). A good consumer will never be in that situation, they'll stick to the paths well traveled and stick to whatever laws they happen to think exist and apply to them (often without actually checking those laws or applying civil disobedience to laws they don't agree with).

An independent mind will sooner or later get into situations of wanting to do things that the established corporations don't want you to do and then you'll find out how little you can actually do with your corporate approved currency.

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N00bN00b commented on Dollar Tree says US$1.25 price point to become new standard   bnnbloomberg.ca/dollar-tr... · Posted by u/Krontab
chrisseaton · 4 years ago
> unless their employer is signaling to them that they value their contributions 6.2% less than last year

Not getting a raise doesn't mean your employer necessarily values you less - it could just mean others value you less so your employer has less competition for you.

Supply and demand. If nobody's buying hammers and the price of hammers goes down, that doesn't mean the value my hammer brings me has gone down, but if I need to buy a new hammer I pay less.

N00bN00b · 4 years ago
Yeah, that sounds cool and all, but somehow I ended up with a job that pays over $100K a year, that makes me work for about 3 hours a week from home and has been paying me for years to do that. And I'm pretty sure my manager knows that.

If I were to quit, I'd end up with another job that makes me work for 30+ hours a week, for the exact same salary. And that's just one example. I know many more like that.

Your supply and demand can't explain that, yet it is my daily reality in a capitalist society. Capitalism is just another lie we tell each other to make each other believe we live in a just world.

N00bN00b commented on Steam Is Down   steampowered.com/... · Posted by u/carbonguy
carbonguy · 4 years ago
https://downdetector.com/status/steam/ reports a dramatic spike in reports as of roughly 4:45 PM PST.
N00bN00b · 4 years ago
Check the front page of downdetector, there's a lot more that's down I think including origin, it all spikes up at the same time.

Either an backbone issues, AWS or something like that.

N00bN00b commented on HashiCorp – S1   sec.gov/Archives/edgar/da... · Posted by u/mootpt
yellow_lead · 4 years ago
You might want to read that footnote about the definition of M1 changing at May 2020
N00bN00b · 4 years ago
Just odd. Why would you change a definition in the middle of an existing chart... Just call it M1a or M11 and add a new chart.

Curious what is really going on that I'm not supposed to understand.

N00bN00b commented on What caused all the supply chain bottlenecks?   twitter.com/typesfast/sta... · Posted by u/CalChris
onlyrealcuzzo · 4 years ago
I think the massive difference between income and capital gains taxes plays a huge role - especially when you get into the .1% where a substantial portion of wealth and income lie.

All of this funny stuff is mostly people trying everything they can to get capital gains instead of income so they can pay a 25% tax rate instead of a 39% tax rate. When you're talking about billions of dollars - 14% is a lot of money.

From the perspective of the average person - the tax code probably makes sense. If you already pay 39% tax on your income, and THEN you have to pay 39% on your capital gains and half of your capital gains are actually just inflation - it's like you're getting taxed on your tax! True inflation has likely been ~4% since 2008. The S&P average is ~7.25% per year. So half of the "capital gains" the ordinary index fund investor would pay are just inflation.

But the .1% are different. You don't make it into the .1% with a ~7.25% return and a laborer's salary. You need to be making ~30%+ returns for decades. Or, ~10,000% for a few years (a lot of the successful VC-funded entrepreneurs).

Half of their capital gains aren't inflation. Barely any of it are. Effectively, there tax rate is ridiculous low compared to the average Joe.

And what's worst - the Fed is causing so much of that inflation. Would Tesla be a $1.1T company today if the Fed wasn't pumping up asset prices, lowering interest rates, and making future cash-flows absurdly and artificially valuable? No. And yet, Elon Musk gets to make $100Bn on paper - and he can take loans against those gains with <3% interest and never pay ANY taxes.

It really seems like this is a completely separate world - and it's >30% of US wealth - and it should be dealt with separately.

N00bN00b · 4 years ago
>All of this funny stuff is mostly people trying everything they can to get capital gains instead of income so they can pay a 25% tax rate instead of a 39% tax rate. When you're talking about billions of dollars - 14% is a lot of money.

0.1% doesn't pay 25%. That's well documented. I don't know what the effective rate is, but averaged out over multiple years it's probably somewhere around 5% and then another few % that's spent on avoidance (not taxes). Maybe 10% at most.

Just look up Bezos or Musk's tax return. Same with Buffett.

N00bN00b commented on A patent troll backs off   sparkfun.com/news/3970... · Posted by u/zdw
turbohz · 4 years ago
> Every time a company settles it just funds the trolls to wreak more havoc. This is especially true for companies larger than $100 million in revenue. I’m looking at you Texas Instruments, VIA Technologies, Renesas, ASUS, Caterpillar, Nuvision International, and Netgear, just to name a few of the companies that have dealt with Jason Nguyen’s Altair Logix. When you roll over and pay the trolls it hurts smaller companies terribly.

I wonder if those companies consider this a "feature"?

N00bN00b · 4 years ago
Ugly. So it's just a "protection fee" in a sense. Wouldn't surprise me if that's true.

You just won't find it written down anywhere.

N00bN00b commented on Child suicides in Japan hit record high   www3.nhk.or.jp/nhkworld/e... · Posted by u/Markoff
secondaryacct · 4 years ago
Yeah having moved to China from France, I was expecting to meet aliens honestly, and ended up concluding like you there are no essential differences between cultures.

Everything is essetially the same with some limited number of levers being pulled a bit further: girls want to marry a little bit earlier, parents are a little bit more worried abt kids, politicians a bit more corrupt, racism is targeted at different colors in a different hierarchy, all that jazz, but all the patterns I was used to in France simply fit China very well and I didnt find it so difficult to just brush off the odd difference and adapt.

My Chinese parents in law also discovered I have the same strengths and flaws any other Chinese guy their daughter could have found :D

N00bN00b · 4 years ago
It took me about 10 years to really understand the enormous differences between my native culture and my current culture. And those differences are staggering. And they are both western.

You're assuming you can "see" the cultural differences.

Sometimes you can easily see it, but often it's really hard to figure out, because they are going to express themselves in edge cases that you have to run into, which takes time and then it takes time to run into enough of them to be able to see a pattern.

N00bN00b commented on Samsung Foundry Forum announcements   news.samsung.com/global/s... · Posted by u/ittan
AnimalMuppet · 4 years ago
Waaaaay back in the day, the Electro Motive Division (EMD) of General Motors make railroad locomotive. They had the GP-20 with 2000 horsepower, and the SD-24 with 2400 HP. Then General Electric entered the business with the U-25, having 2500 HP. EMD's next model was the GP-30, with (ahem) 2250 HP. This was in 1961.

So, yeah. This is nothing new. Marketers gonna market.

N00bN00b · 4 years ago
Kind of makes sense. People probably didn't all of a sudden become more dishonest. Thanks.

u/N00bN00b

KarmaCake day211March 28, 2021View Original