No relation to the sports channel.

  • 4 Posts
  • 908 Comments
Joined 1 year ago
cake
Cake day: June 9th, 2023

help-circle



  • fubo@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
    link
    fedilink
    English
    arrow-up
    19
    ·
    edit-2
    12 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*
    link
    fedilink
    English
    arrow-up
    84
    arrow-down
    8
    ·
    edit-2
    12 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.





  • fubo@lemmy.worldtoFediverse@lemmy.worldFediverse enshittification
    link
    fedilink
    English
    arrow-up
    48
    ·
    edit-2
    1 month ago

    Federated platforms don’t die to corporate-type enshittification. They die to spam or elitism.

    If operators fail to collaborate on keeping spam down, the platform becomes unusable or greatly-diminished due to spam. See Usenet for example — yes, it’s still around, but it’s greatly diminished from the 1990s. New projects and organizations don’t tell participants to subscribe to a Usenet newsgroup for discussion. (Curiously, email mailing-lists have outlived Usenet in this way, at least for technical projects. While email is federated, any given mailing-list is centralized.)

    If the technology isn’t developed with an eye to new users’ needs and new use cases, because it’s “good enough” for the existing established users, the platform becomes dated and gets replaced by something trendy and corporate. This is IRC vs. Discord and Slack. IRC has a higher barrier to entry and infamously doesn’t work well on mobile — but it’s good enough for the old farts who care about it, while the young farts move to Discord instead.