Hacker News: awaythrow483

New comment by awaythrow483 in "‘His ideas resonate’: how the Unabomber’s dangerous anti-tech manifesto lives on"

awaythrow483 — Mon, 19 Jun 2023 18:17:20 +0000

If you haven't read the manifesto, do yourself a favor and read it and come to your own conclusions. In my opinion it's a weird mix of extremely coherent and well reasoned points that come to a sort of nonsensensical conclusion but that doesn't deter from how good the good parts are and they are definitely worth reading

If you strip out the call for revolution stuff which is very poorly argued anyway and I think just transparently will never happen, the remaining 80% of the manifesto is very well written

New comment by awaythrow483 in "‘His ideas resonate’: how the Unabomber’s dangerous anti-tech manifesto lives on"

awaythrow483 — Mon, 19 Jun 2023 18:07:30 +0000

The movie fight club is a direct editorialized adaption of the Manifesto

New comment by awaythrow483 in "Oracle cuts hundreds of jobs, rescinds job offers in its health unit"

awaythrow483 — Mon, 19 Jun 2023 18:00:58 +0000

I mean, they went to work for Oracle in 2023...

Scorpion and the frog. Pretty hard to have sympathy

New comment by awaythrow483 in "Private equity is buying everything from vet offices to tech conglomerates"

awaythrow483 — Thu, 15 Jun 2023 00:56:45 +0000

Where does the money for all of that lobbying come from?

Bribery has and will occur in every society. Lobbying is so bad in the US because certain groups have basically unlimited money

New comment by awaythrow483 in "Private equity is buying everything from vet offices to tech conglomerates"

awaythrow483 — Tue, 13 Jun 2023 18:28:42 +0000

If you want to understand what went wrong with America, start with private equity

New comment by awaythrow483 in "Instant Pot and Pyrex Maker Instant Brands Files for Bankruptcy"

awaythrow483 — Tue, 13 Jun 2023 04:09:31 +0000

Roughly the things to look up are private equity and their "bust out" strategy

https://www.youtube.com/watch?v=z5PLEZiSZV

https://www.youtube.com/watch?v=r3_41Whvr1I

https://www.youtube.com/watch?v=o10nh86q64Q

https://www.youtube.com/watch?v=n7VmIy0VXOY

Buy a company with debt (leveraged buy out). Hand that cash back to the "private equity investors". Let the company go bankrupt and the debt magically dissapears.

Basically legalized theft at enormous scale

New comment by awaythrow483 in "Instant Pot and Pyrex Maker Instant Brands Files for Bankruptcy"

awaythrow483 — Mon, 12 Jun 2023 22:55:16 +0000

Modern consumer brands have essentially nothing to do with selling consumer goods. They are financial vehicles for private equity to lever up on.

In a decreasing liquidity environment many of these schemes will blow up. They could have sold 100x more insta pots and it wouldn't have mattered, it's pure financial gambling under the hood

New comment by awaythrow483 in "The AI hype bubble is the new crypto hype bubble"

awaythrow483 — Mon, 12 Jun 2023 02:34:57 +0000

No, I think AMD is really worth 500x earnings. No bubble here

New comment by awaythrow483 in "90% of Apple's value was created under Tim Cook"

awaythrow483 — Wed, 07 Jun 2023 19:02:37 +0000

90% of Apple's stock price was created under Tim Cook. That's what happens when you shift your effort from producing value to financializing

New comment by awaythrow483 in "AI: Nvidia Is Taking All the Money"

awaythrow483 — Wed, 07 Jun 2023 18:59:05 +0000

E(BITDA) = MC^2

New comment by awaythrow483 in "AI: Nvidia Is Taking All the Money"

awaythrow483 — Wed, 07 Jun 2023 00:48:39 +0000

> There is essentially infinite demand for better AI,

New paradigm stuff. Infinite demand. It will be able to create a perpetual motion machine easily.

New comment by awaythrow483 in "The religion of consumer capitalism and construction of corporate sacred spaces"

awaythrow483 — Tue, 06 Jun 2023 22:15:59 +0000

Pseudo profound bullshit. People buy stuff. It makes sense to construct spaces to conduct these activities. There's nothing interesting to be gained by the comparison to religion.

The best case relationship that really holds is that both are concepts that relate to sociology. That's it

New comment by awaythrow483 in "US SEC sues Coinbase, one day after suing Binance"

awaythrow483 — Tue, 06 Jun 2023 17:29:42 +0000

As pointed out above, complete fallacy. You are cherry picking a handful of dates that support your argument and those dates are completely arbitrary.

New comment by awaythrow483 in "US SEC sues Coinbase, one day after suing Binance"

awaythrow483 — Tue, 06 Jun 2023 17:26:51 +0000

Let's layout the fallacy here because it is trivially obvious:

You are cherry picking the exact top for bitcoin while not doing the same thing for QQQ.

You mention 5 years ago so lets use your arbitrary data point:

Bitcoin was floating between 7500 and 6500 this week 5 years ago. Let's use the upper end. Bitcoin is up well over 300% over this period.

QQQ is up 103.10% according to google over the last 5 years.

Nothing about adding the word "rolling" changes this.

New comment by awaythrow483 in "US SEC sues Coinbase, one day after suing Binance"

awaythrow483 — Tue, 06 Jun 2023 17:21:46 +0000

This is an obvious troll. Bitcoin has absolutely stomped $QQQ of $NDX over this period as basically every other person here is pointing out.

New comment by awaythrow483 in "US SEC sues Coinbase, one day after suing Binance"

awaythrow483 — Tue, 06 Jun 2023 17:18:46 +0000

Price is up today

New comment by awaythrow483 in "US SEC sues Coinbase, one day after suing Binance"

awaythrow483 — Tue, 06 Jun 2023 17:12:51 +0000

This is an article about the SEC coinbase announcement. That happened today. So I'm not talking about what happened yesterday, I'm talking about what happened today, because that is what is relevant to the article we are discussing.

so, ummmmm..... like..... bruh. go check what it did today

New comment by awaythrow483 in "US SEC sues Coinbase, one day after suing Binance"

awaythrow483 — Tue, 06 Jun 2023 16:29:08 +0000

Bitcoin up 2% on the news despite people in this thread explicitly saying "it made crypto price tank" in the thread

New comment by awaythrow483 in "Universal basic income of nearly $2000/mo to be trialed in UK for the first time"

awaythrow483 — Tue, 06 Jun 2023 01:15:59 +0000

Startling conclusion: The 30 people who received a substantial amount of free money liked getting free money.

Follow up conclusion: Therefore we should give everyone cash.

New comment by awaythrow483 in "US banks prepare for losses in rush for commercial property exit"

awaythrow483 — Tue, 06 Jun 2023 01:10:57 +0000

I wouldn't worry. Banks are strong. No weakness in that sector