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Joined 2 years ago
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Cake day: December 1st, 2023

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  • It’s better to think of working, middle, and upper class in terms of how much of their income derives from labour vs capital.

    Working class = majority of income from working.

    Upper class = majority of income from owning capital, i.e. can afford not to work at all.

    Middle = somewhat evenly split.

    Traditionally working class was associated with “lower” jobs such as labourers, and those working cushy office jobs usually earnt a high enough income to accumulate enough capital to become middle or upper class.

    This is more aligned with the British definition, where their “middle class” is more equivalent to the US “upper middle class.” Make no mistake though, with many jobs not paying enough to accumulate capital, professionals such as teachers, accountants, and nurses would firmly be considered working class, because they you know, need to work.




  • Unfortunately this is an increasingly unviable strategy, because even “good” creators have started using clickbaity titles and thumbnails, even if their content has remained the same. Some have even retroactively changed the titles/thumbnails of their older videos to this style.

    Clickbait is engineered by behavioural scientists to be as addictive as possible, and has been proven to trigger similar neural pathways to other addictions, such as drug or gambling.

    Basically every creator with a shred of self awareness has admitted that they hate creating clickbait thumbnails, titles, and phrases like smash that like button and subscribe; they end up doing it anyway because A/B testing with randomised thumbnails and titles clearly show that they work.

    The live A/B testing in particular obscures whether a creator employs clickbait or not - you may be under the impression that a certain creator has remained principled, when in reality you were just allocated to the control group by chance.

    I feel that it’s one of those situations where the game is rigged, and the only way to “win” is to change the rules yourself.




  • I never thought tablet computers would become popular among the mainstream public.

    When the iPad first came out, it was functionally worse than even the cheap netbooks, and I didn’t see much purpose in the larger screen with phones getting bigger and bigger every year. Wireless display was also already available, so I envisioned people would just cast content to a TV if they really wanted a bigger screen. Even reading articles etc seemed to be already covered by eReaders, which were already available for half a decade by the time the iPad released.

    Little did I know how brain rotted people would become.

    Tbh I personally still don’t see the utility in most tablets, except in specific niches like in digital note taking/drawing, or industrial cases where it becomes a glorified HUD.










  • The Japanese public are definitely not willing to lend to the government at such low interest rates. The majority holder of Japanese bonds is the Bank of Japan, who needs to purchase large amounts of bonds to conduct its monetary policy. This has lead to some accusations of the two having an incestuous relationship, when central banks are supposed to be independent.

    Before the Bank of Japan started hiking interest rates, most Japanese people were stuck in a liquidity trap, where they had to pay to store money in the bank. This was due to a combination of low/negative interest rates, and lots of banking fees due to the oligopolistic banking sector. 7-eleven (the convenience store) bank is unironically the fastest growing bank there, in no small part because they were the only bank with a wide ATM network which didn’t charge fees during business hours.

    It is certainly… interesting that the Japanese government, with access to such cheap credit, decides to invest it abroad for higher returns, rather than invest it domestically and pursuing structural reforms to improve its own growth, and in doing so perpetuating the spread between government assets and liabilities.

    FYI there are a lot of investors who do this exact trade, i.e. borrow cheap money from Japan, and invest it abroad.



  • This already exists, albeit not in federated form. It fundamentally doesn’t work because the market players have an incentive to withhold as much information as possible, because any mistakes consumers make from not comparing prices is direct profit surplus.

    Collecting the information in the first place is also difficult, because it would essentially require getting the consent of most sellers (which they are disincentivised to provide), or just scraping it (often illegally).

    Thus, such an aggregator requires too much work/risk, which needs to be compensated for. Consumers generally don’t like the idea of simply paying for independent advice/brokers, so we are stuck paying in other ways, such as via personal data and behavioural surplus for commercial tech sites, of which numerous exist.

    Most search engines such as Google (eww I know) already have a shopping specific search page. eBay and Gumtree also have existed for decades.

    eCommerce platforms like AliExpress and Amazon also already do this, if you set the filters to only be third party sellers.

    There’s also category specific aggregators such as PCPartPicker/Newegg.