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Cake day: June 9th, 2023

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  • fubo@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
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    18 days ago

    Even in a home poker game, it is not possible for all the players to go home having made a profit, whereas that is very possible in the stock market due to growth, labor, and natural resources.

    (The coal miner who gets a wage and black lung is not a player in the stock market. Neither is the sun, which provides free energy to agribusiness.)


  • fubo@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
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    18 days ago

    In gambling, the house always wins, by extracting value from the players. In stock trading, the players (capitalists) collectively always win, by extracting value from labor, technological growth, and natural resources. These are not the same picture.

    Sure, you can take on as much risk as you like using derivatives, and emulate a gambler using the stock market as a source of randomness (volatility). But that’s not how most traders behave, and it’s not how most traders’ payoffs work.







  • I hate torture-porn movies like the Saw series, but a lot of people are fans of them. Should I worry that those people are likely to commit kidnapping, torture, and murder? Should I advocate that the makers or watchers of those movies be investigated for kidnapping, torture, and murder — without any evidence that a crime was committed?

    We don’t send the cops after people for liking murder stories, theft stories, industrial sabotage stories, or treason stories. We shouldn’t send the cops after people for liking stories of Harry Potter getting fucked by Severus Snape either.

    I think you should be more careful to distinguish fantasy from reality. Most fiction readers and writers have no problem doing so.










  • “A story shared by Jack Dorsey, the founder of Twitter, uncovered that the current leaders of Signal, an allegedly ‘secure’ messaging app, are activists used by the US state department for regime change abroad,” Durov wrote on his own Telegram channel.

    In fact, the folks running Signal — notably Moxie Marlinspike and Meredith Whittaker — have a long history of effective security & privacy activism. Whittaker was one of the organizers of the Google Walkouts, one of the more effective pieces of tech worker activism in recent history. And Moxie has bumped heads with the US intelligence community more than once, and famously with the Saudis too.