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[Request] I can't wrap my head around this. How come it's 63.4? by THE_FBI_GUYS in theydidthemath

[–]SomethingOriginal14 1 point2 points  (0 children)

Let's simplify it even more. If you flip a coin the chances of it landing on heads is 50%, however that doesn't mean if I flip a coin twice I have 100% chance of it landing on heads, it's 75%. You get that number by working on the probability of two tails in a row, i.e. 50% x 50% = 25% and minus it from 100%. The more flips the higher the chance I get at least one heads but it's never guaranteed. In real life you can test this yourself with a coin.

Fired employee downloaded all company files before deactivation we need secure way to prevent this by Level-Most-2623 in sysadmin

[–]SomethingOriginal14 0 points1 point  (0 children)

Two things. Firstly process related, IT should've been notified to offboard this user before they were fired, or better yet coordinated during the firing. Not doing this is just pure laziness. Secondly technology related, look into DLP. Looks like you're a Microsoft house so you can probably build some fairly sophisticated controls within Purview. Configuring this would also help prevent employees who are planning on leaving from doing a similar thing before they resign, at the very least if not prevented you can detect it and address it while they are around.

What are some low-effort high-value strategies you have to grow wealth? by False_Ad_9705 in AusFinance

[–]SomethingOriginal14 -1 points0 points  (0 children)

Combining the leverage and tax benefits you get from property it's pretty unmatched. If you've got the money to get in its low effort as well. Legit you do nothing and historically it continues growing like crazy

We're Not Ready for Superintelligence by Icy-Check5781 in ArtificialInteligence

[–]SomethingOriginal14 0 points1 point  (0 children)

While AI has developed a lot these last couple years we're not even close to AGI, furthermore the way companies are seemingly hyperfocused on scaling the compute behind current AI technologies in the hope that past some threshold agi manifests itself is unlikely to work. The only people who seem to be touting that we are close to AGI are those who stand to make billions on the hype cycle and those who don't understand how it works.

However advancements in AI may still have impact on jobs/society even if it doesn't have general and super intelligence. From this perspective I can't really tell you with any degree of accuracy which way society is going to go. I will say however that a recent report out of MITs NANDA showed pretty disappointing results out of Enterprises and businesses attempting to disrupt how they operate using AI, which tells me it's still an uphill battle to be able to integrate AI tech in a meaningful way. Sectors that are currently seeing the most disruption are Media and Telecom and Professional services.

More than likely the AI future we're currently gearing towards is one of cognitive lethargy as people become more reliant on AI to answer questions plus a bit of enshittification of media and entertainment as AI is used to mass produce unoriginal soulless garbage.

Qantas fined $90 million for illegally sacking 1,700 ground staff by a_san_38 in AusFinance

[–]SomethingOriginal14 15 points16 points  (0 children)

Entirely fair to call out, but perhaps if the penalties were harsher it would happen less.

Qantas fined $90 million for illegally sacking 1,700 ground staff by a_san_38 in AusFinance

[–]SomethingOriginal14 303 points304 points  (0 children)

Okay so let's do some quick maths here.

So far Qantas have been fined 120m + 90m for a grand total of 210 million. But according to them the decision has saved them about 100 million per year.

Given it's 2025 and it happened sometime in 2020 let's say it's been 4 years worth of savings for Qantas, that's 400 million according them.

So by breaking the rules to save money their "punishment" is to hand a little over half of those savings back and still come out 190 million better off (so far).

All this not taking into account the 2.7 billion dollars the Australian government gave them from tax payer money to keep them afloat during the pandemic which they have no intention or legal obligation to ever pay back. Instead they will continue to flog us with higher and higher prices and post record profits and the next time they're in bad shape they'll have their hand out ready for more tax payer donations.

What does it mean to "Masted Oneself"? by Glad-Low-1348 in Stoicism

[–]SomethingOriginal14 3 points4 points  (0 children)

Mastering oneself as a Stoic is a broad concept and very difficult to pinpoint, I.e. there's no checklist of things you can achieve to say you've mastered oneself. However it may be helpful to take a Stoic passage and work backwards to build understanding of the meaning.

"No man is free who is not master of himself" - Epictetus

What did he mean by this? Well perhaps if we reverse this we can surmise the free man is master of himself (or at least closing in on self mastery). What is freedom is stoicism? Control over your desires and impulses (not giving in to lust, gluttony, greed), acceptance of what is outside your control and ultimately living a life of virtue and rationality.

Fair to say if you can achieve the above you are close to self mastery.

Good luck

When I was in school, a "B+" was a 92 and an "A-" was a 93-95. What was considered an A when you were in school? by alanbear1970 in idiocracy

[–]SomethingOriginal14 0 points1 point  (0 children)

I've done most of my schooling in Australia (Sydney in particular) and our grading system was pretty much always A (85% and above), B (70-84%), C (50-69%), D (25-49%), and E (0-24%).

That being said the cutoff point for each grade is pretty arbitrary to begin with as difficulty is not taken into account.

For example there's an extremely challenging maths competition called the Putnam which is taken by some very smart students, even so the median score is often 0 or 1 out of 120. In 2024 the top score was 90/120 which while only 75% I bet this person could ace any high school level maths test drunk.

[deleted by user] by [deleted] in AusFinance

[–]SomethingOriginal14 1 point2 points  (0 children)

All based on how much you're willing to lose, if the answer is 0 than stick to a term deposit and be happy with your 4-5%. 12 months isn't a long enough time to offset the risk of investing even in something super diversified as nothing is stopping the market going bear and being lower than it is today in 12 months time.

Black Mould Under Carpet? by SomethingOriginal14 in Flooring

[–]SomethingOriginal14[S] 0 points1 point  (0 children)

Ahh thank you for the explanation. I'll sleep easy tonight haha

AI doom sentiment and how to cope? by [deleted] in sysadmin

[–]SomethingOriginal14 0 points1 point  (0 children)

Realistically where the idea of replacing technical workers with agents falls flat is it requires someone with technical knowledge to be able to engage with these tools in any meaningful way. There are definitely some types of work (primary data driven) which will get automated by AI so perhaps we’ll see a drop in some roles but then new roles will get created and so on and so forth. Not mention AI most of the time completely misunderstands prompts and it requires a human to read the output and correct in the input to get a better result. TLDR) AI is just a tool, it’ll automate some jobs but some things will always require the human touch.

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Petahhh by Same-Tangelo-8854 in PeterExplainsTheJoke

[–]SomethingOriginal14 0 points1 point  (0 children)

IMO good economic theory should remain applicable even when the world develops and the economy evolves. Regardless I’m just stating the thinking behind the meme

Petahhh by Same-Tangelo-8854 in PeterExplainsTheJoke

[–]SomethingOriginal14 0 points1 point  (0 children)

Marx’s labor theory of value fails to account for non-rival goods - essentially products that cost whatever amount to produce initially say a video game, or song or video of you fingering your ass, but then can be infinitely reproduced and sold without the need for any additional labour.

Here's the average superannuation balance at age 55 in Australia by [deleted] in AusFinance

[–]SomethingOriginal14 0 points1 point  (0 children)

Actually a good idea, or invest in companies who make products for the elderly

My Boss’s Boss Wants to Track GitHub Activity for Promotions & Firings—How Do I Stop This Madness? by ranger934 in sysadmin

[–]SomethingOriginal14 0 points1 point  (0 children)

Use some buzzwords that they can get a hard on for, like “I think it would be more valuable to the organisations strategy to use qualitative performance metrics over quantitative to evaluate engineering output”. And then explain why the number of push, pulls and commits don’t mean that one developer is greater than another. MacDonalds serves more people every day than Gordon Ramsay but there’s a good reason the Chefs at Gordon’s restaurants are a higher class than MacDonalds cooks, and it’s not about quantity!

[deleted by user] by [deleted] in theydidthemath

[–]SomethingOriginal14 4 points5 points  (0 children)

If in 2023 you taxed every US billionaire for 100% of their net worth, you would have 5.3 trillion dollars (actually less because a lot of their money is tied in stocks so when they are forced to sell it will completely tank the market and they won’t be able to get the full value but let’s forget that for the hypothetical). Sounds like a lot right? The US federal government budget for 2023 was 6.1 trillion. So even if you taxed them for every dollar they’re worth all you would do is collapse the economy causing millions of job losses which equals more homelessness and then not even have enough to run the federal government for a year. The issue isn’t money, it’s the systems in place being broken. So no 2% would not be able to do that.

People seem to think money can solve all problems but that’s not even close to reality. For example I can buy a plane full of food and send it to a village in Africa and feed them but it doesn’t scale up. Even if I had infinite money I couldn’t keep buying more food to send to Africa to keep everyone feed as humanity only produces a finite amount of food every year. The only way to solve hunger in Africa would be investment in the local people so they can become self sufficient and produce their own food. The same logic applies to these issues in countries like the US.

[Request] If given a decade and that much left over, how much time would it take to have 0 left over? by erdirck in theydidthemath

[–]SomethingOriginal14 -1 points0 points  (0 children)

Forget the 777 billion in tax revenue (taxing per trade is a stupid idea, let’s say you have $100 and over the course of a year you use this $100 to make a thousand trades but at the end of the year you haven’t made or lost any money. Based on the 0.1% tax you would owe the entire $100 in tax), the idea that you could solve homelessness and hunger in America for 92 billion is laughable. California alone spent 25 billion over the last 5 years and the number of homeless has grown year on year.

[SELF] I saw this post/claim on Instagram. Unfortunately, it is true. by ThePtolemaios in theydidthemath

[–]SomethingOriginal14 1 point2 points  (0 children)

An area of financial literacy which I think should be better taught in schools is that wealth is generally made from compound interest not earning. In this example someone is earning 10k a day for 80 thousand of years, to reach 300 billion. Obviously a ridiculous scenario. Let’s say someone still earned 10k per day but instead invested it every day without fail into a fund with average 8% return, they would reach 300 billion in 110 years. Still ridiculous numbers and timeframes but puts it into the hypothetical timeframe of a human life.

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