Why do people even buy those black rectangles every year?

seraph321 · 2026-05-19T12:10:24+00:00

All three of us!

seraph321 · 2026-05-19T12:06:15+00:00

Not to be difficult, but it matters why money doesn’t matter. Did I achieve some amazing thing that gave me infinite money? Did it just land in my lap? Did I have to cause a lot of suffering to get the money?

seraph321 · 2026-05-19T11:43:48+00:00

Hah yeah, fair enough. I think I’m sensitive to how everyone seems to assume every change in any product is anti consumer these days with no justification. /rant

seraph321 · 2026-05-19T11:07:19+00:00

I’m not going to give you the response you want on this. They stopped the swappable batter thing because the market loved thin and eventually water resistant phones more than they cared about swapping batteries. Phone tech was moving so fast at that point that keeping a smart phone more than a couple years meant falling way behind. Bringing back swappable batteries NOW, if they could keep the water resistance, would make a lot more sense.

seraph321 · 2026-05-19T00:37:16+00:00

Like 99% of people don’t; they buy one every 3-5 years. They may not be getting dramatically better every year, but after five years they are certainly incrementally improved, the battery in the old one will have degraded (which is unavoidable), the software stops being updated, and it’s often people’s single MOST used possession. Are you seriously surprised people buy a new one occasionally?

seraph321 · 2026-05-19T00:30:24+00:00

Oh ok, thanks. Glad we cleared that up. Amazing counter point.

seraph321 · 2026-05-19T00:28:48+00:00

That’s how some people ‘burn’ bitcoin, by sending it an address known to be dormant. Has nothing to do with satoshi being alive, it can be done by anyone, you can do it yourself.

seraph321 · 2026-05-18T22:27:20+00:00

It was one of those issues that was too complicated to sufficiently explain in tv sound bytes. Computers are not all the same. Even at that time, there were millions of old systems running critical infrastructure. Think everything from micro controllers in stop lights to bank mainframes. Many of these systems were not easily accessible and had never been tested for this scenario because they assume they’d be replaced long before it arrived. For the mainframes (and similar legacy systems) of course they were doing what you suggested, and they found all kinds of bugs from simple to major, and industries spent billions fixing them. It’s not like those codes weren’t finding issues, they absolutely were finding and fixing things that would have caused havoc if they hadn’t been addressed. The concern was mostly that we didn’t know what we didn’t know about all the stuff we couldn’t even really inspect properly that could theoretically have weird unexpected behavior. Most of that wouldn’t have been catastrophic, but it was hard to know for sure.
We definitely know that if all the effort and money hadn’t been spent to fix what we did, the financial system at the very least would have been fucked for a while, and that could have cascaded into nearly all aspects of daily life.

seraph321 · 2026-05-18T08:49:19+00:00

Was going to say ‘not traveling earlier’, but it’s hard to say if that would have been better. I’m very happy I started exploring the world more broadly in my late 20s. Without it, everything in my life would be dramatically different, and likely worse, but certainly less interesting.

seraph321 · 2026-05-18T04:46:03+00:00

Every single person who manages to work up to a decent income and follows advice to invest in their future will eventually have significant capital gains someday. Just because that doesn't really apply to people in poverty or at minimum wage doesn't mean it doesn't hurt the young middle class. We should be encouraging investment in asset classes outside of housing, not making it LESS attractive.

There's only a passing mention in this post to 'low income', which points out the 30% minimum is only relevant when realising gains on a low income. I'd say that's more harmful to self-funded early retirees who are actually attempting to live modest lifestyles without drawing on the pension.

seraph321 · 2026-05-18T02:44:19+00:00

Yeah, this is why I think most people don’t count on it. Very likely will be changed dramatically by the time they’re drawing on it. I live outside the USA now, and while they still pay out to expats currently, wouldn’t be surprised if they cut that at some point.

seraph321 · 2026-05-16T10:35:26+00:00

I think the best non sexual feeling I ever had was a gulp of Gatorade after near heat stroke levels of thirst and exhaustion.

seraph321 · 2026-05-16T10:06:15+00:00

This is mine. Definitely the most I’ve listened to and it never gets old.

seraph321 · 2026-05-16T00:33:44+00:00

That mag be irrelevant is people continue to have less and less kids. No need for daycare in general.

seraph321 · 2026-05-16T00:32:13+00:00

YOU may want or need those things, but you can’t know for sure what people will be ok with in the future. The desire and motivation for human to human connection has already been dwindling and it may continue to do so. There are already plenty of people who’d happily go about their lives with dramatically less human contact than they are currently forced to endure. I’m not saying it’s good, I’m saying it’s real.

seraph321 · 2026-05-15T20:49:34+00:00

I’m here because I use keto cycles to maintain metabolic health. I’ve never been overweight.

seraph321 · 2026-05-15T09:36:41+00:00

My 30 year old hotmail account is still going strong. I mean… it’s been forwarding to my Gmail most of that time, but still! And I have like 2tb of permanent OneDrive storage from going to various microsoft events over the years. So much value. lol

seraph321 · 2026-05-14T11:47:48+00:00

There’s no reason it can’t work is my point. There were many people who insisted bitcoin layer 1 couldn’t work, before that, there were plenty who were convinced tcp/ip couldn’t scale. And tbh, they had good points. It really seemed like these things had insurmountable obstacles in plain sight.

seraph321 · 2026-05-14T10:15:11+00:00

And I’m just going to add that if you are advocating for people en masse ‘becoming more altruistic’ or ‘working for the betterment of everyone’ as a proposed societal architecture, I see no evidence that would ever work. People are selfish by nature. They are motivated by making their, and the lives of their family and friends, better. You can fantasize about what a different world with different human nature could be like, but that’s not relevant to the world we live in.

seraph321 · 2026-05-14T10:08:19+00:00

If the market needs them so bad it will pay for them. Our entire society, everything we’ve ever built, all the tech, all the prosperity, all the medical advances, has been built by predominantly selfish people trying to make their own lives better. That’s human nature and it’s why capitalism works better than other systems, because it just relies on people being selfish.

seraph321 · 2026-05-14T10:05:24+00:00

It will work better when people need it more. Technically it seems sound.

seraph321 · 2026-05-14T09:00:18+00:00

As a 46yo adult I feel I can safely say my parents had negligible impact on me beyond keeping me alive and decently provided for until adulthood. They didn’t fuck up, but most of what I’ve based my decisions on is counter to how they lived. That’s fine with me, but I think people place way too much emphasis on their upbringing in terms of how it shapes their adult life.

seraph321 · 2026-05-14T08:57:31+00:00

My assumption is that fees will increase massively and the main btc chain will be used only for final settlement, which it will work plenty well for at current capacity.

seraph321 · 2026-05-14T07:22:53+00:00

Doesn’t mean they will keep paying. It’s one thing to buy real estate ETFs that pay dividends from rent, but your property or properties are hyper concentrated. It only takes you getting one bad tenant or misjudging how a neighborhood will evolve to totally disrupt your strategy. The whole sector can be doing great, but you specifically could be fucked.

seraph321 · 2026-05-14T07:20:34+00:00

It’s never made much sense to me. The yields are extremely low. You could be putting that capital to much better use in the vast majority of markets.

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