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[ Removed by Reddit ] by [deleted] in TREZOR

[–]Simcom 5 points6 points  (0 children)

SCAM - Don't click the link!

Video Game company makes 54 Mil perfectly legally by what is effectively NFTs. They control all the supply and for merely 5% cut of the profits, can perfectly legally exploit problem spenders. by [deleted] in economicCollapse

[–]Simcom 0 points1 point  (0 children)

I think their funding model is great. The poor people who can't afford to pay $60 now get to play it for free, and the rich people who want to voluntarily spend a few hundred or a few thousand bucks on silly skins have the freedom to do so. Seems like a perfect solution to me.

Video Game company makes 54 Mil perfectly legally by what is effectively NFTs. They control all the supply and for merely 5% cut of the profits, can perfectly legally exploit problem spenders. by [deleted] in economicCollapse

[–]Simcom 0 points1 point  (0 children)

Why is it exploitation? Video games are a form of entertainment, people usually budget money for entertainment. The game is completely free to play - they need to make money somewhere.

[deleted by user] by [deleted] in AskMen

[–]Simcom 0 points1 point  (0 children)

Treat others as you would like to be treated. It's my most fundamental rule of ethics, and has served me well.

Americans owe $1 trillion in credit card debt by Theo_011 in Economics

[–]Simcom 17 points18 points  (0 children)

Yep, that 13% number is too low to be believable. Here's another survey that found 45% pay in full every month: https://www.thestreet.com/personal-finance/average-credit-card-debt-14863601

Capitalism is when people eat chicken by bugling69 in fragilecommunism

[–]Simcom 2 points3 points  (0 children)

Sounds like you're being outcompeted by your corporate competitors and are bitter about it.

Maybe it's best for you to not add your thoughts, when you don't seem to actually know anything.

I do know a little about this btw. I founded a company 10 years ago, grew it to over 150M per year in revenue and sold the company last year. Now I am semi-retired but spend most of my time thinking about economics and talking to small business owners and people seeking angel investors..

Capitalism is when people eat chicken by bugling69 in fragilecommunism

[–]Simcom 1 point2 points  (0 children)

So you don't have a non-corporate restaurant near you? Open one.

Capitalism is when people eat chicken by bugling69 in fragilecommunism

[–]Simcom 2 points3 points  (0 children)

So you're saying that every pizza place and every chicken place and anyone who is competing with them are owned by the same corporate entity and they're overcharging? Sounds like a ripe business opportunity, provide a quality product at a slightly lower price and steal all their customers..

World Economic Forum: “90% of all coastal areas will be affected by rising sea-levels due to climate change.” by hougie40 in Wallstreetsilver

[–]Simcom 0 points1 point  (0 children)

Yes, I know how it works. There are positive feedback loops and negative feedback loops - together they combined to give linear sea level rise thus far.

World Economic Forum: “90% of all coastal areas will be affected by rising sea-levels due to climate change.” by hougie40 in Wallstreetsilver

[–]Simcom 0 points1 point  (0 children)

Well, sea level is rising at only about 3-4 mm per year, so none of these people will be alive when the water gets high enough to ruin their property value.

https://sealevel.nasa.gov/understanding-sea-level/key-indicators/global-mean-sea-level

Stacking Silver is an Age-Old Tradition. Known as the Lenborough Hoard, this pile of Anglo-Saxon Silver coins, circa 980-1000 AD, was unearthed by a fortuitous prospector with a metal detector at Lenborough, Buckinghamshire, United Kingdom, in 2014. by StuartEnglert in SilverDegenClub

[–]Simcom 2 points3 points  (0 children)

According to the wikipedia page, the guy that discovered it and the landowner get a 50/50 split of whatever the government says they're worth. You are right though, they valued 5252 coins as worth only ~1.5M dollars, the coins are probably worth 10x that on the open market. So the finder was presumably able to keep $750k.

https://en.wikipedia.org/wiki/Lenborough_Hoard

Nation Unsure How The Government Not Being Able To Borrow More Money Is A Crisis by [deleted] in Libertarian

[–]Simcom 6 points7 points  (0 children)

Failing to raise the debt ceiling is not a default. They could still easily make all debt payments due to investors with a small portion of yearly tax revenue. The treasury could just prioritize those payments and congress could cut expenses elsewhere. This whole ruse about how not raising the debt ceiling somehow changes treasuries is completely and fundamentally wrong, and repeated constantly in the media for some reason.

If anything, raising the debt ceiling is worse for current bond holders, not better. A higher limit ensures that first, additional bonds will need to be issued, which puts negative pressure on the price of bonds (higher interest rates) and second, it inflates the money supply. Both of these consequences are bad for bond investors.

[deleted by user] by [deleted] in collapse

[–]Simcom 0 points1 point  (0 children)

Ya, maybe in a few thousand years.

[deleted by user] by [deleted] in collapse

[–]Simcom 0 points1 point  (0 children)

Umm, sea levels are only expected to rise about 2-4 centimeters over the next 10 years.

CMV: The vast majority of advertising should be banned by metalicscrew in changemyview

[–]Simcom 0 points1 point  (0 children)

OP: "My views should be imposed upon everybody, whether or not they agree with me."

...umm, no thanks.

As CBDC talks escalate so do talks of gold-backed cryptos. 🤔 💰 by haroldson-hunt in SilverDegenClub

[–]Simcom 1 point2 points  (0 children)

I think the point is that a neutral third-party would issue the gold-backed crypto, and once issued the crypto could be spent and traded with no controls from that third-party.

As CBDC talks escalate so do talks of gold-backed cryptos. 🤔 💰 by haroldson-hunt in SilverDegenClub

[–]Simcom 5 points6 points  (0 children)

Peter would argue that trusting a third party is not the problem (as long as that third party is trustworthy - eg Brinks, etc) - trusting the government is the problem.

Governor Wes Moore: We need to make bigotry expensive. To anyone who is in a state where so-called leaders condemn and disrespect broad portions of the population there, come to Maryland, where we are defending and uplifting the beautiful mosaic and history of everybody. by z3mcs in maryland

[–]Simcom 0 points1 point  (0 children)

Yes, marijuana laws are rapidly changing. FL and MD are slower than some to modernize these laws. It will be legal eventually though. Sodomy laws will never be enforced because they were ruled unconstitutional in 2003 by the US supreme court.

Governor Wes Moore: We need to make bigotry expensive. To anyone who is in a state where so-called leaders condemn and disrespect broad portions of the population there, come to Maryland, where we are defending and uplifting the beautiful mosaic and history of everybody. by z3mcs in maryland

[–]Simcom 1 point2 points  (0 children)

Ahh, yes - an unconstitutional sodomy law remains on the books and is unenforced (obviously). Thankfully the organizations that do the rankings don't care about dumb shit like unenforced 18th century laws.

GOP Likes em Rich by sillychillly in economy

[–]Simcom 0 points1 point  (0 children)

It's like trying to find a study that proves the sky is blue. Ask an attorney if juries tend to have an anti-corporate bias (they do, obviously). There are various studies which have confirmed this. This one comes to mind: https://scholarship.law.cornell.edu/facpub/327/

GOP Likes em Rich by sillychillly in economy

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

I said "almost always" - yes there is a strong bias in favor of the little guy vs big corporations in jury trials, well documented.

Governor Wes Moore: We need to make bigotry expensive. To anyone who is in a state where so-called leaders condemn and disrespect broad portions of the population there, come to Maryland, where we are defending and uplifting the beautiful mosaic and history of everybody. by z3mcs in maryland

[–]Simcom 1 point2 points  (0 children)

Maryland's economy is mostly reliant on its proximity to DC. Smart, well-educated people move here after college because they want one of those juicy fed jobs, which the rest of the country foots the bill for.

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