I’m just some guy, you know.

  • 66 Posts
  • 2.23K Comments
Joined 7 months ago
cake
Cake day: May 7th, 2024

help-circle



  • I mean, the reason Musk is an issue is because Twitter is a privately owned, for-profit company. The issue is top-down leadership. Bluesky is absolutely doomed to the same fate.

    Bluesky is a for-profit corporation backed by Venture Capital and run by Crypto assholes.

    Jack Dorsey launched the initiative in 2019 as a proof-of-concept for a federated Twitter, which never happened. After dumping Twitter, he re-launched it as a standalone social media service and flagship ATProto instance, before jumping ship and letting it be run by committee. He now endorses Nostr, because BlueSky wasn’t friendly enough to Nazis.

    The current BlueSky CEO, Lantian Graber, started her career running shitcoin/scamcoin exchange (SkuCoin), manufacturing ASIC mining rigs, and developing for Zcash. She masquerades as a progressive techie, even as all of her past experience leans Libertarian/Anarchocapitalist, and all of her other ventures’ websites are plastered with GenAI slop.

    Bluesky is growing faster than ever expected, and with virtually zero real federation going on. It’s going to fail catastrophically when the new user base realizes they signed up for the same shit they were trying to get away from.

    It isn’t that hard to realize that a FOSS product developed by a nonprofit (eg. Mastodon) is the correct answer, not more centralized, corporate, for-profit social media…














  • Churning. The art of spending money in a circle using accounts that offer rewards.

    I knew a guy who had like 50 credit cards and 25 bank accounts. He could move money in circles all month, and get like $100k/year in cash back rewards on top of his $100k/year job. His credit report said he spent $8M a year on credit cards. His credit score was 845.

    He also pretty much flew for free, and he flew all the time. There were a few mileage programs in his little scheme.

    As far as I can tell, 100% legal. The banks just make frequent changes to their offerings to make it hard to do.




  • So the argument is that it was unfair to sell Infowars to The Onion, because they weren’t the highest bidder - rather, the Sandy Hook parents approved of this bid, and not any others that were higher.

    BUT… Those Sandy Hook parents also agreed to forfeit a portion of their settlement in exchange for favoritism towards the Onion, making that bid the one that would cover the largest number of settlement dollars, which is the primary goal of auctioning off his assets in the first place.

    So good luck arguing against this sale. The Sandy Hook parents have $1.4B worth of settlement dues to work with, and they know that they aren’t going to see most of it repaid in their lifetimes. They can keep conditionally forfeiting money until you’d need to pay hundreds of millions to acquire Infowars. If Elon decided to do that anyway, the cash would go straight to the parents, and he’d be opening himself up to massive liabilities the moment Alex Jones inevitably opens his mouth about Sandy Hook conspiracy shit on X.