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Well, the less money people have, the more of their income they spend. This means that maximum spending would be achieved when all income is equally distributed. Hence, as money concentrates at the top, consumer spending drops, which reduces the number of viable businesses, but at the same makes more capital available, since people tend to invest money they don’t spend.
Since people in general aren’t that good at telling whether an idea will pan out or not, as capital starts concentrating at the top, dumb ideas are more likely to attract a ton of funding. Add to that that spectacular ideas attract more funding, while at the same time tending to be bad ideas.
Essentially, Elon Musk’s businesses are valued so highly because his promises of AGI and space colonization are already being priced in as if they were real, existing things, instead of pipe dreams.


Idea is that if you steal people’s money, other people won’t trust you with more money. Fair enough, but I don’t think this should apply anymore when your country starts an unprovoked war of aggression.


You can only seize the assets within your country. That means that the assets outside of Putin’s reach are still sizable.


I salute your sacrifice.


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I’m wondering how they’re going to lose the midterms.


Okay, those laws of war run on “as long as you don’t do it, I won’t either”. America’s allies in the region also need water, what if Iran strikes at their reservoirs in retaliation? Trump may have escalated the war into terrifying new territory.


Can you provide an example, please.


He’s right. I used to think of Israel as just another country, and now I regard them the same way I regard North Korea.


The traffic calming in Eugene, Oregon, has already reduced the number of annual traffic fatalities from 22 to 10. I don’t know what you can call this other than a resounding success.


Unironically yes. Traffic jams when the road gets full, and people have a time budget for traveling. So by slowing traffic down, you reduce demand, and thus the risk of traffic jams. Which in turn leads to a better experience for everybody. Bonus points if you also provide alternatives for car travel.


Nvidia is not selling AI, they sell the hardware the AI runs on. They’re selling shovels in this gold rush, but they forgot the one golden rule: “Cash up front”.


Height and build alone would narrow it down significantly.


Those are more tongue in cheek than straight up jokes. There’s an actual explanation in there: Cold stresses the battery, so the self driving car moves somewhere warmer. This is the humorously framed as if it were talking about an animal, rather than a machine.


Only the “find a mate” bit shows that you’re making a joke.


Did they though? Don’t they control Open AI to the point where they could force Open AI to keep Sam Altman as CEO?


Oh, soviet union 2. Now with more soviets.
Israel 🇮🇱 will probably violate this clause and cause the war to continue.