Because different layers protect you against different things. It’s like how you have anti-lock brakes, a seatbelt, an airbag, and crumple zones on your car. You don’t just have one thing to protect you.
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KevonLooney@lemm.eeto World News@beehaw.org•Ukraine was biding its time: while outside analysts downplayed their chances, the Ukrainians were quietly planning an offensive across the Russian border22·10 months agoRussia: Spends months trying to capture a random city 25 miles from their border. Ukrainian defenses were somehow “missing” (sabotage). Stalemate.
Ukraine: Spends days capturing a specific important natural gas objective. Russian defenses are also missing (lazy). Success.
No, I think you are confusing the two kinds of trusts: a revocable trust means you still own the money or property, an irrevocable trust means you don’t own it anymore. Either you “give it away” in an irrevocable trust (which can’t be “dissolved”), or you don’t give it away (in a revocable trust).
You are describing putting something in a revocable trust, which is not spending it or giving it away. It’s closer to just putting a label on it: “this money is for charity”. You don’t get a tax deduction unless you put the money in a irrevocable charitable trust or the charity actually receives the money (from any source, trust, whatever).
That’s giving the money away. Either you are still controlling the trusts, or you gave the money to the trusts.
KevonLooney@lemm.eeto Technology@lemmy.ml•Reddit is now blocking major search engines and AI bots — except the ones that pay33·10 months agoThey are blocking new ones, not old ones.
KevonLooney@lemm.eeto Technology@lemmy.ml•Reddit is now blocking major search engines and AI bots — except the ones that pay25·10 months agoAre they new posts or old ones? They are blocking new ones, not old ones.
I think this is going to look like crap in 10 years. I support building your own, I just think it can be done way better.
Not like that. A server name that can be authenticated. Like when you receive an email from your bank (in the metadata), you know it’s legitimate. Each organization can set up their own server to host things they vouch for. With ActivityPub it can be viewed elsewhere with the guarantee that it’s from a trusted source.
It’s called a “name”.
Why would anyone pay for the service? Having a “name” is free, and that dumb worldcoin only works for people. It can’t work for governments or businesses.
ActivityPub is actually a good way to authenticate things. If an organization vouches for something they can post it on their server and it can be viewed elsewhere.
generative AI makes it very easy for anyone to flood the internet with generated text, audio, images, and videos.
And? There’s already way too much data online to read or watch all of it. We could just move to a “watermark” system where everyone takes credit for their contributions. Things without watermarks could just be dismissed, since they have as much authority as an anonymous comment.
KevonLooney@lemm.eeto Asklemmy@lemmy.ml•What industry secret are you aware of that most people aren't?1·11 months agoYou think that high interest rates keep real estate prices high? That’s the opposite of what happens with high interest rates. People can’t afford to pay as much when interest rates are high (like they are now).
I’m judging solely based on your comments. You are using big words incorrectly. You clearly don’t understand what you’re talking about if you think high interest rates keep real estate prices high. Also, your description of Japan’s economic problems are disjointed and confused, not correct.
KevonLooney@lemm.eeto Asklemmy@lemmy.ml•What industry secret are you aware of that most people aren't?3·11 months agoIt’s not a “failed model”. Japan has issues because banks committed fraud and disguised non-performing loans. There are strict rules in the US about when assets must be “marked to market”. Plus the US has a growing population because we let in immigrants, which supports a growing economy. We are not close to having problems like Japan.
There are also many levers the Federal Reserve can pull to keep banks in check. As I said, they can raise and lower the reserve requirement and raise and lower the overnight lending rate. This can prevent banks from going nuts with lending, but obviously can’t prevent all asset bubbles. Sometimes people are just irrational.
Frankly you seem to be using a bunch of big words and implying that they make a point. Using “ex nihilo” instead of “from nowhere” clinched it for me. Also, you spelled “keiretsu” wrong.
KevonLooney@lemm.eeto Asklemmy@lemmy.ml•What industry secret are you aware of that most people aren't?9·11 months agoYes, they still have it. It’s just not in cash.
Fractional reserve banking works because most people don’t need all their money as soon as they get paid. Most businesses keep some money in the bank too. Banks have a required percent of deposits that they must keep on hand to allow these withdrawals. And if they run low on cash, they just borrow money for a day from other banks (literally just one day). The US government can adjust the percent of required reserves or the overnight lending rate to keep banks from lending too much money out.
Banks use this money to loan to businesses or people buying houses. It works well because whenever the money is loaned out it is used for a purchase and just redeposited in another bank. A percentage of that money is retained by the bank and the rest is loaned out again. And again and again. This way money is “created” when people buy things in the economy.
KevonLooney@lemm.eeto Privacy@lemmy.ml•To those of you with nothing to hide: One day you might have. Because you don’t make the rules.302·11 months agoIt’s from 2018. Sounds like what you don’t know could fill a warehouse.
KevonLooney@lemm.eeto Programmer Humor@lemmy.ml•100 upvotes and I'm doing this tattoo design111·11 months agoThey said AI would take you places. They never said they were places you wanted to go.
Plus y’know the unreal amount of money it pays for work that isn’t even that hard once you’ve built the muscles.
Don’t sell yourself short. Pay isn’t about how hard your work is. It’s about how much money the company makes off of you and how quickly they can replace you.
This was obvious during the pandemic when all the “low skill” jobs hiked their wages. It turned out most office jobs were not as important as retail work, so lots of people in retail got raises for the same work.
KevonLooney@lemm.eeto Technology@beehaw.org•OpenAI Insider Estimates 70 Percent Chance That AI Will Destroy or Catastrophically Harm Humanity14·1 year agoI just realized something: since most people have no idea what AI is, it could easily be used to scam people. I think that will be it’s main function originally.
Like the average person does not have access to real time stock data. You could make a fake AI program that pretends to be a trading algorithm and makes a ton of pretend money as the mark watches. The data would be 100% real and verifiable, just picked a few seconds after the the fact.
Since most people care a lot about money, this will be some of the first widespread applications of real time AI. Just tricking people out of money.
KevonLooney@lemm.eeto Science@lemmy.ml•Thirsty in paradise: Water crises are a growing problem across the Caribbean islands53·1 year agoThey’re not broke. Half of these countries are above $20K GDP per capita:
https://en.wikipedia.org/wiki/List_of_Latin_American_and_Caribbean_countries_by_GDP_(PPP)
The problem with desalination is that it’s expensive and you can’t dump the salt anywhere. It creates a brine that kills fish. That would hurt the environment and the tourism industry.
Not only that, they get a ton of rain every year. They’re tropical islands. There’s enough water, they just need to collect it. Desalination is a technical solution when they really just need boring infrastructure.
Uh, Android is the alternative to Apple’s iOS. Android is much more customizable.