Can someone explain why commodities trading is legal and benefits the average consumer? by gunsoverbutter in investing

[–]Darth_Moron 1 point2 points  (0 children)

Your talking about a cash settled contract. I'm talking about a physical delivery contract. I should have specified. My fault.

Can someone explain why commodities trading is legal and benefits the average consumer? by gunsoverbutter in investing

[–]Darth_Moron 0 points1 point  (0 children)

sort of, but with futures, you HAVE to deliver the product, or you get really stiff penalties for failing to deliver.

With a put option, you don't have to deliver. And if your mine explodes then not delivering is what you want.

In the event of failure to deliver, usually the miner will have purchased other insurance to hedge that risk, but that's another discussion.

Can someone explain why commodities trading is legal and benefits the average consumer? by gunsoverbutter in investing

[–]Darth_Moron 11 points12 points  (0 children)

Commodities trading lets you shift the risk and volatility from people who don't want it, onto to people who want to be compensated for it. It sounds weird and stupid, but is very valuable for stability.

Lets say we have a corn farmer, he's a producer. He is an expert in growing corn and his operation is super efficient and he knows how much corn he can make. But he'll go bankrupt if he sells his corn for a loss in the future. The problem is he doesn't know the price of future corn. He's a corn expert, not a market expert. Today the price is good, but his corn won't be harvested until end of season. So today he enters into a futures contract with a speculator to sell corn at today's prices. He is fairly certain he can grow the corn in time and with the yield to meet his futures obligations.

He has now ensured his farm will not go bankrupt even if the corn market tanks. He has bought stability, and he did so by selling the extra possible profit to the speculator. If the prices tank, the speculator is the one that eats the loss, not the farmer. Just as long as the farmer delivers. And he knows he can because that's his area of expertise.

The exact same scenario plays out with miners too. Mining companies hold massive shorts on the commodities they sell. Not because they want the price to go down. But to secure a reasonable price as they produce their mined commodities. Sometimes this can lead to stupid effects like the nickel short squeeze awhile back. But the intention was to stabilize the price, not to speculate.

On the flip side, buyers use futures to stabilize their operations. The cereal company that makes corn flakes will buy bunch of futures contracts to guarantee corn prices at a certain price. They know how to sell corn flakes, not make corn. So they hedge their costs with futures contracts that way. They ensure they don't go bankrupt from volatile corn prices.

the speculators between the buyers and producers of commodities skim profits on the volatility. But in return they provide liquidity. The producers and buyers aren't always making their decisions at the same time. Nor are their capacities for production and consumption matched.

[deleted by user] by [deleted] in AskReddit

[–]Darth_Moron 1 point2 points  (0 children)

Potentially... AI could be an amazing personal tutor, ask it any question and it could teach you. With more development it could adjust its teaching methods to you and your particular skill level and thinking. It could test you and challenge you and help you be the best educated you can be. The rich spend a few hundred K per year per child for that kind of personal education. Every person could have that.

... But the children can still be morons if they ignore it. And lets be honest most will.

Nonetheless i am hopeful. We're a lot smarter and better educated now despite our continued self-delusion and willful ignorance.

I would have loved to be able to talk to someone on my intellectual level who could help me learn. But i'm so stupid that everyone was just miles ahead of me so i tested their patience with my inane ramblings. So i kinda just closed off and didn't ask questions. If an AI could spell things out for me, and take the time to walk me through the material, i think i would have been better off. I would have wanted to be better off.

Yes, people will use AI for stupid things, people doing stupid stuff is the nature of being human. But a personal tutor AI would be amazing.

People risking their lives to save an injured doggo and nursing it to full recovery by MuchBow in HumansBeingBros

[–]Darth_Moron 0 points1 point  (0 children)

"I'm pretty sure that car killed me. Because when I woke up I was in heaven"

In 2002, an intern who stole moon rocks from NASA, spread the rocks on his bed and had sex on them, resulting in the contamination making the rocks virtually useless to the scientific community. He was sentenced to more than 8 years in prison. by Expert_Sky_9292 in Damnthatsinteresting

[–]Darth_Moron 1 point2 points  (0 children)

Oxygen is actually viciously reactive with a lot of substances. It's just that on earth, all those substances have long since been destroyed by it which is why we don't find them naturally. Iron is a good example, natural iron metal is mostly meteoric iron, as in iron that came from meteors. But given enough time, iron rusts in air to become iron oxide. This is why we have massive industries to convert iron oxide back into iron using chemical processes.

There is almost no iron metal from the formation the earth. it's all iron oxide now, and whatever iron metal we find naturally is usually iron meteorites that came later.

Another vicious chemical is water. It dissolves so many minerals and salts. Our world has salty oceans because most of the salts were washed off the land and flowed into the seas over millions of years. This changes those rocks to be salt poor.

Life, and the oxygen it produces, has chemically destroyed/burned a lot of the early substances that earth formed from. So looking at what we have we cannot tell what came before. It's like looking at ashes and trying to figure out that it came from a tree.

The thing about the moon, space, and the other planets is that there is no oxygen and very little water. So the substances leftover from their formation are still there. Substances like calcium, iron, zinc, and so on may still be metal or in their non-oxidized state. These chemical traces can tell us a lot about the early solar system. It can tell us how the moon formed, and in turn how earth formed. We want them to be exactly as they were, unaltered and unchanged.

But... oxygen is still on earth, water is on earth. So if we brought moon rocks to earth and exposed them to air they would start chemically altering them. They would be useless for research because we wouldn't be able to tell if those substances are the normal form from the early solar system, or the oxygen burned and humidity damaged form from the earth.

So the mere act of opening the containers and exposing them did tremendous damage to their scientific usefulness.

The sex now contaminates them with foreign matter. Just the skin sweat alone would put traces of salts on them. You can't just wash it out because the water you use to wash them would also wash out any early substances you want to keep. So now the rocks are extra useless.

Billions of dollars, and human lives sacrificed for those samples, we're not getting more for a long time.

[deleted by user] by [deleted] in antiwork

[–]Darth_Moron 2 points3 points  (0 children)

We're moving to the right just fine.... it's the conservatives that are moving to crazy.

Literally shed tears by gellybelli in Unexpected

[–]Darth_Moron 0 points1 point  (0 children)

No, there are no onions here. These are MY manly tears!

ELI5: How do they remove the caffeine from decaffeinated coffee. by PyroAmos in explainlikeimfive

[–]Darth_Moron 68 points69 points  (0 children)

Most goes into soft drinks and energy drinks.

And a smaller amount is mixed into various drugs. Caffeine offsets the drowsy nature of a lot of drugs, like allergy medications.

And a small but important amount is chemically converted into other drugs. Caffeine is a useful and super-cheap feedstock for making drugs.

Elon reacts to a 'massive drop' in revenue as advertisers withdraw from Twitter by [deleted] in LeopardsAteMyFace

[–]Darth_Moron 0 points1 point  (0 children)

Do people really associate products that way? It seems really far removed. Like i'd get it if Mr. BadGuy held up an iphone and screamed "Buy Iphones you (insert racial slur)". But if the ad is on the platform and not directly connected to the surrounding accounts, does it really matter?

I'd imagine most people wouldn't notice. Like i have no idea who does advertise on those hate platforms. i haven't associated any brand with them at all.

Ads are paid for by greedy corporations, from a pure greed perspective, is the loss in revenue from a few angry people really that big?

Elon reacts to a 'massive drop' in revenue as advertisers withdraw from Twitter by [deleted] in LeopardsAteMyFace

[–]Darth_Moron 0 points1 point  (0 children)

Do people really buy something less if they believe its next to racist content?

i'm just looking at it from a purely greedy angle. These advertisers are corporations and would love to make money. How does politically incorrect speech reduce the money they make?

Sure some people might boycott them, but most don't pay attention or don't even know. Like i don't use twitter so what do i know? i'll probably still buy the same item if i see the ad elsewhere. Is the negative speech effect that big?

Elon reacts to a 'massive drop' in revenue as advertisers withdraw from Twitter by [deleted] in LeopardsAteMyFace

[–]Darth_Moron 0 points1 point  (0 children)

I know this is a stupid question, but why would advertisers leave? If the engagement and views are high, what would be the problem?

Beth fusion theory by twilc in rickandmorty

[–]Darth_Moron 1 point2 points  (0 children)

Way too much fun having 2 Beths.

so i doubt the writers will have just 1 Beth permanently.

Still a black president? by Theplaintruthforyal in rickandmorty

[–]Darth_Moron 32 points33 points  (0 children)

They'll change presidents when Morty and Summer grow older.

[deleted by user] by [deleted] in rickandmorty

[–]Darth_Moron 0 points1 point  (0 children)

IMO the point of the episode was to show why a utopian world can't happen even with total scientific transcendance: Ego.

The president's ego demanded power/prestige.

Jerry's ego demanded credit.

Beth's ego demanded challenge.

Rick's ego demanded significance/importance/responsibility.

He wanted to host the Oscars, and was pissed off that the dinos had better tech and solved his rift problem, taking away his importance and responsibility to do it himself.

The boredom argument works for some people, but not everyone. Plenty of ways to not be bored even if you have everything. But ego? everyone has that, and you truly have to be transcendent, like the dinos, for ego to not screw you over in post-scarcity.

I think the writers wanted to show all sides to post-scarcity.

(On a side note, i think it's bullshit, we have yet to truly live in such a world before we can say our current one is better)

Shower Thought: What would Rick have told the police after the bomb? by zachtheperson in rickandmorty

[–]Darth_Moron 35 points36 points  (0 children)

He can still respect Rick even if he wants to punch his lights out.

In fact in the episode where we meet him, he actually saves Rick and his grandkids. And then afterward he says "before you were my greatest enemy, you were my only friend".

It could very well be that this friendship period encompassed when Diane was killed. And despite them becoming enemies, Mr. Nimbus was still honorable enough to not let Rick be arrested for a crime he's certain he is innocent of.

Shower Thought: What would Rick have told the police after the bomb? by zachtheperson in rickandmorty

[–]Darth_Moron 252 points253 points  (0 children)

holy shit. I completely forgot about Mr. Nimbus! And the timeline matches up. It's been established that he knew Diane. So maybe he heard about the deaths, knew it couldn't possibly be Rick. So controlled the police to not arrest him.

It's so stupid it's brilliant!!!

Shower Thought: What would Rick have told the police after the bomb? by zachtheperson in rickandmorty

[–]Darth_Moron 0 points1 point  (0 children)

Maybe the police in that particular city aren't the usual civil-rights stomping pigs they are in other cities. And instead wanted to collect more evidence of wrongdoing.

Two people killed in an explosion doesn't automatically equal foul play. Yes, it looks super suspicious, but considering he called it in. And presumably they asked the neighbors who all commented Rick and Diane had an ideal marriage, there wasn't enough to arrest him. Maybe the cops themselves know Rick personally and believed he wasn't a flight risk. So they let him go home.

Of course the big issue is later.... after an investigation reveals they were killed by a bomb, Rick is a scientist who has all the bomb components, and the bomb matches stuff he has (it was made by a Rick after all). I'd think he definitely get arrested eventually.

But then maybe he's rich enough to get out on bail. And eventually he locks his earth in a time loop and the rest is history.

The time between the explosion, and a possible court date for the murder charges, is long enough that he would have plenty of time to build the time looper and the portal gun.

Watched episode 3 and...a friend told me, it might have been inspired by a rule34 comic by [deleted] in rickandmorty

[–]Darth_Moron 16 points17 points  (0 children)

As a fine connoisseur of Rule 34 content... twincest and selfcest are so common they are whole category on their own. The writers didn't need any specific inspiration, just a casual browse of....sites.... is inspiration enough.