• 0 Posts
  • 28 Comments
Joined 4 months ago
cake
Cake day: August 6th, 2024

help-circle
  • Let me tell you why this isn’t fraud:

    1. Teens makes a memecoin on a legit crypto platform (as legit as they can get)

    2. Teens buys X amount of his own memecoin for 350 bidens

    3. People that like to invest on memecoins (aka idiots/gamblers) bought into the coin

    4. Coin value goes up

    5. Teen sees that the X amount of coins he has is now worth 30k

    6. He sells it on a legit trading platform, cashes in on 30k

    7. Because he sold a huge amount at once, market is flooded, coin goes down in value

    8. The other gamblers that were looking into doing the exact same shit got mad at him

    I’m not saying crypto isn’t a scam, as memecoins are textbook pyramid schemes (buy in early for low, sell as soon as it’s worth it cashing in on the idiots who bought late), but the way this works can’t be defined as fraud because it’s simply how the whole stock market works.













  • alphabethunter@lemmy.worldtoTechnology@lemmy.world*Permanently Deleted*
    link
    fedilink
    English
    arrow-up
    12
    arrow-down
    1
    ·
    1 month ago

    I think of this anytime I see some alleged leftist on Twitter talking about anything as if they were paragons of ethics and morality. It might be a bit of cynicism on my part, but I can’t take it seriously whenever someone can’t take a hint that maybe they shouldn’t be in a platform owned by a Billionaire that makes a point in basing his personality on the fact that he is an imperialist bigot. I wish Twitter had stayed banned in my country…



  • There’s a point made at the end of the article that most people seems to have missed entirely:

    Existing facilities that can filter carbon dioxide out of the air only have the capacity to capture 0.01 million metric tons of CO2 globally today, costing companies like Microsoft as much as $600 per ton of CO2. That’s very little capacity with a very high price tag.

    “We cannot squander carbon dioxide removal on offsetting emissions we have the ability to avoid,” study coauthor Gaurav Ganti, a research analyst at Climate Analytics, said in a press release. The priority needs to be preventing pollution now instead of cleaning it up later.

    It’s obviously a matter of “why not both?”, and both the article and the scientists behind the report agree on it. However, a lot of people are betting their eggs on the idea that climate reversal technology will suddenly become a lot more effective and cheaper than it is right now. And sure, that may be the case, or not. For how many years have we heard of flying cars or self-driving autonomous vehicles and predicted that they were just around the corner, at most a few years away, but nada so far? Betting on the invention of a new technology that’ll make a very expensive process today way cheaper is a VERY naive and bad approach.