• 0 Posts
  • 842 Comments
Joined 3 years ago
cake
Cake day: July 3rd, 2023

help-circle

  • I think any company that is sunsetting a product with existing customers still using it should offer full refunds or a way to operate it without the company.

    Cloud services have no incentive to continue operating unless they charge ‘rent’ as servers and maintenance is not free. However, if they choose to use proprietary ways to protect their IP, they should also have an obligation. If they choose to not have that obligation, they lose the IP and open source it.








  • If ai allows the improvements hoped for, it’s likely to increase productivity for humanity just like all other major advances did.

    It’s politics and laws that decide who benefits from it. Under our current systems, wealthy people and corporations benefit, but likey we’ll see increasing taxes on ai output and increases in ubi type schemes for people.

    AI is a bubble currently but it is an advancement in tech that provides benefit. Just nowhere near the benefit to be actual intelligence.

    Human jobs get eliminated by new tech all the time. This just has and will be rapid, which leads to upheaval. Unfortunately, it’s precisely at a time when the world is already moving towards war and authoritarianism, so it’s particularly bad timing.









  • Are you talking about individuals or states at this point? Or varies for each and I agree, outside their borders, for states, it is riskier. However, they are shuffling their hokdings to manage that risk. As are people, which was my point.

    I don’t think they messed up by trusting the US. It was safe and stable for a prolonged period. They fucked up by not recognizing the risk once trump term 1 started.


  • Yes, but some have transferred the bullion to holdings in the uk and Germany. And those countries have too.

    A lot is in the USA, but not all. Holding an asset, even in a failed country (which is highly unlikely, by the way) is still a viable asset.

    The fact that you think the USA could claim privately held assets as government property is precisely why some people want to hold gold rather than cash in an account which can be seized digitally.



  • Of the us dollar loses value, the government can " print " more to make their payments. That makes it worth less as it devalues and can lead to hyper inflation. All the while, others may dump dollars devaluing it more.

    With gold, of it’s price drops, you can just create more out of thin air. There is a set amount. Gold has inherent value as a rare metal, however most of its value currently is due to it’s scarcity making it a good store of value.