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Cake day: June 12th, 2023

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  • circuscritic@lemmy.catoNonCredibleDefense@sh.itjust.worksNOOOOOOOOO
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    26 days ago

    Ignore them. They’re just haters who can’t handle the fact that despite it’s youth, the Osprey is already a legendary platform.

    Think of it like the A-10, except instead of repeatedly slaughtering friendly forces, it just regularly kills anyone dumb enough to ride in one, or pilot it.






  • Are you really using all of human history as a timeframe to say that currency is a relatively recent phenomenon?

    Again, I’m not anti-cryptocurrency, but it’s not really a currency anymore than any other commodity in a commodity exchange, or a barter market.

    And I don’t care if it’s livestock, or Bitcoin, I’m not accepting either as payment if I sell my home, or car. Not because of principles, but because I don’t know how to convert livestock into cash, and I can’t risk the Bitcoin payment halving in value before I can convert it to cash.

    And who was talking extremes? I’m just pointing out the absurdity of the claims that crypto is the replacement for, or salvation from, our current economic system, or the delusion that currency backed by a nation is somehow just as ephemeral as Bitcoin, or ERC20 rug pulls.

    You said Bitcoin was designed to free us from the tyranny of big capital, but it’s been entirely co-opted by the same boogeyman. So regardless of the intentionality behind the project, it’s now just another speculative asset.

    Except, unlike gold or futures contracts, there’s no tangible real world asset, but there is a hell of a real cost.








  • I don’t see the issue here.

    I detest what Spotify has been, and is doing, to artists, but this isn’t that.

    Spotify jump started a market by infusing it with cash, and then ran out of cash. It sounds similar to when a patron of the arts no longer has the funds available for patronage.

    Yes, it sucks for those people who lost their funding, but podcasts are profitable all over without the infusion of cash from Spotify.

    I realize that those with a large overhead, or those who are otherwise just unable to adapt, are in a shit situation, but I suspect the rest of them, and those that follow, will adopt the monetization strategies of other successful podcast markets.

    Also, who the fuck wants to use the Spotify app for podcasts? Jesus I would never subject myself to that, they’ll be better off for it in no time.


  • Really this just sounds like YT membership, allowing users to create subscriptions for premium/special content e.g. gambling picks, porn, etc.

    If that’s all it was intended to be, it could have been an actually useful and not intrusive monetization strategy…5 years ago.

    Even if that’s how the feature gets rolled out now, unless it’s an unmitigated disaster, I don’t see them being capable of not overplaying their hand.

    They will assume that because some users are willing to pay for private porn content, or gambling pick subreddits, that of course most users must also be willing to pay for cat photos and memes.

    Personally, I am all for it. I am for Reddit making the worst choices possible and speed running their decline. Mostly, I would like a user exodus that results in Lemmy finally getting growth in a lot of their more niche communities that still keep me using Reddit on occasion.


  • I realize the article was written to make it sound like they lost money on this, but I would be shocked if they had.

    To vastly oversimplify it, private equity does a few things to make money on the companies they acquire:

    • Significantly reduce staff, and increasing workload
    • Strip and sell off individual assets
    • Load the company with debt

    The last parts are where it goes from amoral to “HOW THE FUCK IS THAT LEGAL?”

    The private equity firm will have its own separate entities that provide a variety of services, for example janitorial or administrative.

    The new private equity owners will then replace all the current vendors, with their own entities at a expentionally hirer costs. All the while, paying themselves gigantic consulting fees.

    Basically those are all just ways to legally embezzle money by extracting all the resources from the company. Once that’s done, they’ll sell the last thing of value: the brand name itself e.g. CNET, VICE, etc.

    If there is no money in the brand itself, then they’ll just dissolve the company.