socksset (u/socksset)

socksset commented on Global music market grew by 18.5% in 2021, driven by paid subscription streaming ifpi.org/ifpi-global-musi... · Posted by u/giuliomagnifico

LegitShady · 4 years ago

I feel like this was true before streaming as well. smaller artists would say 'the label takes so much of the record sales, touring/swag is where I make money'

socksset · 4 years ago

It was also always "not cool" to say the label actually helped you. I remember a piece on NPR that talked about this.

Many bands use to love their labels privately but in the press blast the labels as evil corporate empty suits to fit that typical narrative and image.

socksset commented on Global music market grew by 18.5% in 2021, driven by paid subscription streaming ifpi.org/ifpi-global-musi... · Posted by u/giuliomagnifico

candiddevmike · 4 years ago

Doesn't say how much the actual artists are seeing of this growth, and how spread out it is. These streaming services make it really hard for smaller artists to stand out, almost everyone uses the services "radio" equivalent which seems to play a very narrow scope of similar artists (mostly more well known).

Basically it seems like it's easier than ever to become a musician with global reach/fans but harder than ever to make a decent living off of it.

socksset · 4 years ago

Of course streaming strengthens the power law distribution of the payouts in this space.

Podcast, youtube channel, music, it is all the same process and payout structure.

Since there is too much choice you just have to sample what is popular and so what is popular gets more popular at the expense of the less popular. Repeat.

socksset commented on Developers of small modular reactors hope their time has come economist.com/science-and... · Posted by u/helsinkiandrew

jonkoops · 4 years ago

> If you will indulge me the geopolitical fantasy of putting a suitable planetary-scale transmission system in place, is there any particular reason we couldn't switch to all-solar?

Just how much would such infrastructure cost? How much resources would we have to mine to facilitate such a massive overhaul to a non-centralized grid?

I think when renewables are presented as the only answer it is underestimated how much it would cost in investment in storage and the grid, to a point that I feel nuclear is a fine solution for base-load.

I have no numbers though so I cannot back this up or anything.

socksset · 4 years ago

It reminds me of non-developers with ideas for apps/software.

As if the idea of getting all our energy from the Sun is an original thought.

How do we accomplish this?

"I don't know, I am just the idea man. You do all the engineering for my idea and we will split the profit 50/50!"

socksset commented on Orchestral musicians have unusually challenging jobs van-magazine.com/mag/orch... · Posted by u/barrabas

socksset · 4 years ago

Even worse to me is so many orchestras have to pay the bills with performances of Christmas music or orchestral versions of Motley Crue.

Imagine putting in that many hours of practice on the classical masters to end up with a low paying job playing Frosty the Snowman and Def Leppard "Pour Some Sugar On Me".

socksset commented on Trying to Solve a Covid Mystery: Africa’s Low Death Rates nytimes.com/2022/03/23/he... · Posted by u/ElectronShak

socksset · 4 years ago

I don't think this is rocket science.

"The latest statistics show that 18.4% of women and 7.8% of men on the continent live with obesity "

Couple low BMI with a much lower life expectancy so less people over 65 and I think the main variables are covered.

socksset commented on Trying to Solve a Covid Mystery: Africa’s Low Death Rates nytimes.com/2022/03/23/he... · Posted by u/ElectronShak

socksset · 4 years ago

I don't think this is rocket science.

"The latest statistics show that 18.4% of women and 7.8% of men on the continent live with obesity "

socksset commented on Web3 is centralized and inefficient neelc.org/posts/web3-cent... · Posted by u/neelc

usrbinbash · 4 years ago

> It could just as easily be "This isn't decentralized! Let me fix that!"

First I would like to be convinced that centralization is actually a problem.

Most things in our daily lives are centralized: Power Generation and Distribution, Water Distribution, the Logistics which put food in our stores, Infrastructure setup and maintenance, to name just a few.

Yes, even our financial systems work fine. I get my paycheck on my account, I can pay effortless with my credit card, security, maintenance, services, customer service is taken care of.

Yes, there are shitty centralized systems, and there are opressive authorities that abuse centralization. The solution to that however, is not "get rid of centralized systems".

socksset · 4 years ago

In the abstract, centralization bad, decentralization good.

There is no deeper thought going on here than the above. These are barely thought out, quasi religious beliefs as moral justifications for get rich quick schemes and frauds.

The same conversation about nothing, ad nauseam.

socksset commented on The Great Steepening fedguy.com/the-great-stee... · Posted by u/makaimc

rank0 · 4 years ago

> To avoid collapse of the bond market the fed was the only one who could step in and print money to buy assets. It's the right thing to do. Nobody is saying they were wrong to do this.

I argue it’s not the right thing. I agree that stepping in is necessary SOMETIMES and at reasonable scale. The feds job isn’t to prop up the stock market.

Printing money greatly benefits the rich, who own all the assets. Low income individuals have their buying power destroyed as the US dollar becomes Monopoly money.

Why have we needed 13 years/5 rounds of QE? It’s enabled rampant equities/housing speculation while engorging wealth inequality.

The only explanation I can think of is our insane national debt. It’s such an easy solution to inflate all the debt away. American monetary policy has been straight irresponsible.

socksset · 4 years ago

IMO after Greenspan, the Fed was basically captured by Wall Street.

I just don't know how anyone at this point can not say the Fed's job is to write puts under the equity markets when that is exactly what they have done for 13 years.

Not moving 50 bps this last meeting says it all.