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Joined 3 months ago
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Cake day: July 3rd, 2025

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  • Yeah the financial crisis bankrupted the banks themselves. The structural foundation of the financial and banking industries were interconnected to bad mortgages that were distributed into financial instruments everywhere and speculated on like crazy by everyone, because they were mortgages and considered safe like bonds. Part of the reason why companies like GM went bankrupt was because their financial arm was significantly invested in mortgages, banks failed because their entire financial model was centered on mortgage returns, and people defaulted on houses en masse because they were allowed to get mortgages they were never able to afford.

    But no one investing in stocks, particularly tech stocks, is doing so without explicitly gambling that money. A lot of venture capital might collapse, retail investors are going to get shit on, the general economy will slow as it does during a recession, but mostly this will play out like the dotcom bubble and be a large asset correction in the stock market. A few years of correction, consolidation of the industry, and everyone will pile onto the next bubble in a decade.



  • Unfortunately I think it’s very possible that it’s not. I had a professor in college that somehow managed to have this many tweets back in 2018 or so. I distinctly remember that it was 96k. She wasn’t a great professor, I’m talking 300 level courses that felt like they could have been taught in high school. Probably on account of spending her entire life on twitter.


  • Aussie.zone is the server that you created your account on, think of it like having a yahoo email address. Some people have Gmail, some have outlook or iCloud, some have their own private domain. It really doesn’t matter too much because everyone can talk to everyone else, generally. Local is just every community hosted on Aussie.zone. All is everyone else and every other community in every other server that Aussie.zone is federated to (hasn’t blocked). Discover ability is certainly a problem and I’ve been here for two years and haven’t figured that out except stumbling on new communities on all just like you. You’ve pretty much got a handle on it it seems, I would just suggest a good client like Voyager to make things more intuitive on touchscreens if that’s what you’re looking for.