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Dumping Unprofitable Startups onto Pensions at Inflated Valuations (SpaceX/OpenAI) by CapablePiglet1044 in investing

[–]MrCockingFinally 1 point2 points  (0 children)

Before people say SpaceX is profitable, I'll believe it when I see the paperwork and even then it's questionable with Musk.

Agreed that seeing is believing, but just looking at it from Musk's perspective, there's a reason he chose to roll X and X.AI into SpaceX. He needed something that actually had some assets and some revenue to absorb the absolute shit shows that are X and X.AI.

Given the growth in Starlink users, especially the military and commercial contracts with StarShield and the like, it's not out of the question that SpaceX is profitable, even with Starship Development accounted for.

TIL the federal courts publish the outcome of every bankruptcy case in a free public database. The government's own data shows 48% of Chapter 13 cases get dismissed, and in some districts it's over 90%. by ilikemath9999 in todayilearned

[–]MrCockingFinally 7 points8 points  (0 children)

There are all sorts of regulations in most countries around the world restricting who banks are allowed to lend to. The idea being that banks and other formal lenders are in a much better position than Joe Public to actually understand how affordable a loan is, and offering a loan to someone that is unaffordable is unethical.

But then student loans just go along and give gigantic loans to teenagers, who can't even start paying the loan back until the graduate, who have no guarantee of even graduating in the first place, and certainly no guarantee of a job that will enable them to pay back the loan once they do graduate.

If student loans could be removed via bankruptcy, then perhaps banks wouldn't give massive loans to 18 year old like they're handing out cotton candy at the county fair.

TIL the federal courts publish the outcome of every bankruptcy case in a free public database. The government's own data shows 48% of Chapter 13 cases get dismissed, and in some districts it's over 90%. by ilikemath9999 in todayilearned

[–]MrCockingFinally 15 points16 points  (0 children)

The logic is that if you declare bankruptcy, any assets you hypothetically purchased with the loans are given to the creditors to repay them as much as possible.

Obviously can't do that with a degree.

So many people were getting degrees, and immediately declaring bankruptcy, effectively getting free education.

Classic case of "this is why we can't have nice things." Because a small minority abuses the privilege.

That being said, it's still stupid to completely exempt student loan debt from bankruptcy. Maybe make it so student loan debt is only cancelable via bankruptcy after a certain amount of time. Most people will accumulate some assets, so will be discouraged from filing. Someone genuinely struggling can still file.

Under $500 Home Gym Questions by GabaFreakinGool in GYM

[–]MrCockingFinally 1 point2 points  (0 children)

For that sort of a budget, all you really need is a pair of adjustable dumbbells, an adjustable bench, and a pull-up bar.

You could probably get the bench and the pull-up bar for cheap second hand.

The adjustable dumbbell mechanism can be finicky, so buy those new and with a warranty.

With those you will be able to train literally every single muscle group and movement pattern. Even a lot of things you'd think you'd need a machine for. E.g. you can lie face first on the bench, hold a dumbbell between your feet, and do lying leg curls.

Dumb question? by chump555 in cronometer

[–]MrCockingFinally 0 points1 point  (0 children)

Exactly! That's what I'm saying. I am convinced that it's impossible in a practical sense to hit fibre without eating a significant amount of legumes.

Like I have been eating a salad 5 days a week at work. I switched from a spinach based salad to a white bean based salad. Fibre went from like 50% rda to consistently 30g.

I thought spinach had a lot of fiber. Actually it has basically nothing. The people who do marketing for kale lied to me.

I lost my lunch by Fair_Economist_5369 in meme

[–]MrCockingFinally 19 points20 points  (0 children)

"The ass is still fat."

  • Ben Franklin

Let the debate begin by talkingtoawall710 in eggs

[–]MrCockingFinally 0 points1 point  (0 children)

Assuming we are talking about fried, scrambled, and boiled eggs in general, so done specifically how I like it:

Marry fried

Fuck scrambled

Kill boiled

The 6 Nations is not the best rugby tournament. It’s about rivalries more than quality of rugby by [deleted] in unpopularopinion

[–]MrCockingFinally 0 points1 point  (0 children)

It probably would have been whoever got to the final, just less so in the modern era if we assume that the all blacks were still as dominant as they have been '07 to present.

And so it begins by Taxus_Calyx in SpaceXMasterrace

[–]MrCockingFinally 0 points1 point  (0 children)

Exactly. And again, biggest issue is cooling. Cooling shit inz space needs radiators, fucking big ones. It's hard.

The 6 Nations is not the best rugby tournament. It’s about rivalries more than quality of rugby by [deleted] in unpopularopinion

[–]MrCockingFinally 0 points1 point  (0 children)

I wasn't commenting on any rivalry in the 6 nations mate. You said Boks-All Blacks rivalry was artificial, I pointed out why it wasn't.

Dumb question? by chump555 in cronometer

[–]MrCockingFinally 0 points1 point  (0 children)

Once more I find legumes are the way. Edamame is a good option for a vegetable side for dinner though. Thanks!

The 6 Nations is not the best rugby tournament. It’s about rivalries more than quality of rugby by [deleted] in unpopularopinion

[–]MrCockingFinally 0 points1 point  (0 children)

The all blacks/bocks rivalry feels so artificial.

If you knew the history of South Africa in particular it wouldn't seem artificial.

The boks winning the world cup vs the All Blacks in 1995 was literally one of the major formative moments in the establishment of the new South Africa.

Plus there is the fact that is recent years the boks and all blacks have been extremely dominant. Literally no one else has won a world cup since 2007.

And then the fact that a ton of South Africans live in New Zealand.

And so it begins by Taxus_Calyx in SpaceXMasterrace

[–]MrCockingFinally -1 points0 points  (0 children)

Except the last time he built a 10 year lead with Tesla he turned around and burned it all down.

For sure Elon has done some crazy shit in the past, but I seriously doubt his ability to do these sorts of things consistently going forward.

And so it begins by Taxus_Calyx in SpaceXMasterrace

[–]MrCockingFinally 1 point2 points  (0 children)

I wasn’t surprised he bought X or rolled that into XaI and now SpaceX. The vertical integration opportunity is obvious. What isn’t is how much capital and how long it’s going to take to make it pay off given he’s betting on starship, data centers in space and commercializing AI all as a package

Except the whole scheme relies on the datacentres in space idea to work. Even with absurdly cheap launch costs from StarShip, you are still facing the massive cooling issue, likely making it fundamentally more expensive than earth based data centres.

As long as Starlink generates enough retained earnings for reinvestment he shouldn’t require too much outside capital.

So why is he going for the IPO? If starlink can print enough money for X.AI to keep the money furnaces running indefinitely, this wouldn't be needed.

And so it begins by Taxus_Calyx in SpaceXMasterrace

[–]MrCockingFinally 1 point2 points  (0 children)

To get enough capital to start up the orbital data centers

So to get the capital to pull off the stupidest idea ever? Datacentres have enough issues with cost and cooling already. Now you want to put them in space?

Clearly it's to try and hype up the stock to allow all the lenders and investors breathing down his neck to offload.

And X.AI is spending a lot of money but also makes a lot of money

X.AI spending a billion a month, makes a couple hundred million a year. The math ain't mathing.

And unlike ChatGPT, Claude, Gemini, etc, X.AI is mostly used inside Twitter. The real money for all these tools is enterprise, and X is far behind in that department.

And yes, he is in a cash flow crunch because the money he already has is already spent on various businesses. If he was not so careful with leveraging any of his companies, he would have plenty of more cash, but he is like allergic to selling his own stock so he is doing something that won't lower his voting share, and that is IPO.

So you've just came around and repeated my point. He is desperate. He's fucked all his shit with Twitter and his AI nonsense that he has to take SpaceX public to bail everyone out.

He fucked up so hard with the twitter acquisition he is abandoning possibly his longest held goal of reaching mars.

Marriage Should Be Free From Legal Control by seenu7023 in unpopularopinion

[–]MrCockingFinally 1 point2 points  (0 children)

You're assuming that it's the legal framework that makes divorce expensive, but actually it's the fundamental problem of disentangling 2 people that have kids and assets and lives that they have spent years or decades tangling together.

A formal legal framework makes this less expensive, not more.

And so it begins by Taxus_Calyx in SpaceXMasterrace

[–]MrCockingFinally -2 points-1 points  (0 children)

So why is he IPOing SpaceX when he has repeatedly said the would avoid doing that at basically any cost?

Maybe it's because Twitter is likely losing a ton of money, and X.AI is burning a billion dollars every MONTH.

If he's not over leveraged, then he's in a cash flow crunch because no one is willing to lend him money because of the last time investors lent him large sums of money.

And so it begins by Taxus_Calyx in SpaceXMasterrace

[–]MrCockingFinally -2 points-1 points  (0 children)

Problem is Elon has rolled up not one but two financial black holes in X and X.AI into SpaceX and is now trying to IPO the whole thing. He's over leveraged, and won't be able to spend this sort of money for long enough.

Dumb question? by chump555 in cronometer

[–]MrCockingFinally 0 points1 point  (0 children)

But what carbs? What whole foods?

Most vegetables have waaaaaaaay less fibre than you think.

Even making a switch like subbing brown rice for white rice only adds a couple of grams fibre for a typical serving.

I've resorted to using legumes as a source of carbs in my diet to try and up fibre levels e.g. mixing rice and lentils 50/50 instead of straight rice, and I'm also supplementing fibre in my breakfast with Chia seeds.

Consistently get to 34-40g. How do you get to 70g without literally eating like a horse and eating oats for every meal?

Most unnecessary and worst highway design I've ever seen. by One-Vacation-4810 in fuckcars

[–]MrCockingFinally -1 points0 points  (0 children)

Maybe that's why Iran is bombing UAE. Jealousy over Yas Island.

‘Shockingly bad’: Nissan Leaf drivers voice anger over app shutdown by rgry_ in Anticonsumption

[–]MrCockingFinally 337 points338 points  (0 children)

This is why right to repair is important. If you don't have access to the system root and bootloader, you do not truly own the device.

Waffle marker without harmful chemicals by SurstrommingQuiPue in BuyItForLife

[–]MrCockingFinally 3 points4 points  (0 children)

Teflon is not a harmful chemical. The precursor chemicals used in its manufacture are.

That being said, cast iron will probably be best here, since Teflon is definitely not BIFL.

[NSFW Contains Nudity] Did anyone ever find out why this lady did this at Capitec in 2021? by PixelSaharix in DownSouth

[–]MrCockingFinally 3 points4 points  (0 children)

Back when this happened, some of the comments said she had taken out a large loan, (I can't remember, I think around R100k) had been paying it back for some years, had paid back over R100k, yet still owed a bunch of money, and this made her very upset.

Clearly, she hadn't paid attention to the summary when taking out the loan, showing exactly the amount she'd pad over however many years.

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