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Joined 3 years ago
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Cake day: July 2nd, 2023

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  • I used to own a house free and clear. If the value dropped by half, I would still feel a lot poorer.

    When the price of assets held as a store of value drops, the holders of those assets are impoverished. That’s already bad.

    Now, when a fall in the price of assets held as a store of value drops, and that triggers a series of defaults that ripples across the financial system, that’s even worse.

    I can’t see from the outside the degree to which Chinese society has been financialized, but I’m betting it’s more than the CCP wants to let on.













  • I acknowledge that we are reading their press release with different amounts of charity, and that if you view them as communicating in good faith, your interpretation is reasonable.

    I will note that on Mastodon they said they had changed their post to improve the optics to the community. This is also a reframe for optics.

    They didn’t say they weren’t going to harvest your actions to train generative AI, they only said they’re not putting the generative tools in the app for the users.

    Like I said, they’re taking the money, they’re still buddies with Anthropic, they say this was personally negotiated.

    Look at how Harvard interacted with Jeffrey Epstein, same playbook here. Just cause the president of the university was flying on Epstein’s plane and honeymooning on his island doesn’t mean he had influence over Harvard! He wasn’t on the board of trustees!