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Joined 2 years ago
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Cake day: June 1st, 2023

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  • It could be less doomsday, but not in any way they’d show in a propaganda movie.

    1. reform copyright law to have shorter windows where stuff is out of the public domain

    2. create a public AI R&D agency, prevent and criminalize the private development of AI on any non-public domain assets

    3. train the public AI on only public domain assets and release it freely to the public for non-commercial use (to run locally and on publicly funded data centers).

    4. Grant commercial licenses to businesses. But require majority employee approval (democratically) for any use of AI that would take existing human jobs - would ideally lead to employee buyouts, re-skilling into new jobs, etc.

    5. for any licensed profession (lawyers, doctors, engineers in some places, etc) make it so the full burden of any mistake made due to negligent AI use rests on the individual. Like how lawyers keep submitting bad documents to the courts - citing fake cases that AI made up, etc.: they should potentially be disbarred.








  • That’s definitely possible, but unlikely. And, with a long enough timeline to retirement, you’d still come out ahead if your asset allocation was correct.

    In the Great Depression, the market recovered to its 1929 peak in under 30 years. So, theoretically, if we had another great depression right now, people under 35 or so would be OK even if they were 100% in equities. The older you are and more overleveraged toward equities, obviously the worse off you’d be. https://www.macrotrends.net/1319/dow-jones-100-year-historical-chart

    Assuming we will have another black swan event of the same magnitude as the Great Depression is a longshot. Could it happen? Yeah. Is it a safe bet to stake your retirement on? No.

    I am not a financial advisor, and this is not financial advice, but making drastic moves based on stock market fluctuations is generally not a good idea. What is a good idea is managing your risk exposure and diversifying your investment vehicles.


  • Assuming you have at least 10yrs to retirement, that isn’t necessarily a sensible move. Ok - so you’ve gotten out of equities to limit risk in the short-mid term. Great, you will lose less than if you were more exposed to equities.

    If you believe that the economy will recover, as it has every time a recession has hit, then you will need to get back into equities. That requires calling the bottom correctly. If you do not continue DCAing into equities as they fall and/or do not re-buy at less than you sold for, you will not benefit from the recovery. Essentially, you are solidifying your losses and potentially missing out on future gains - which can come at extremely unpredictable times.

    It makes more sense to ensure you’re at your target allocation, then DCA like you always should be doing all the way down. Then you are at your accepted risk level and get to benefit from the economic recovery - which will come eventually. If you dont need the money soon, the best thing you can do (historically speaking) is hold on to your investments and just keep investing.


  • People in the US often misunderstand what sorts of speech can be “free”. There’s plenty of restricted speech in the US - hate speech can intensify the sentencing on crimes, libel and slander are both punishable civilly, speech that directs or is likely to incite “imminent lawless action” (e.g. yelling fire in a crowded theater - that is actually the legal reason for why you can’t do that if there isn’t a fire).

    That doesn’t even begin to cover the sorts of speech that are heavily suppressed by the government and media but aren’t legally restricted - like how the media chooses not to cover large popular protests sometimes (famously, the antiwar protests around the invasion of Iraq/Afghanistan), or gives disproportional representation to counter protesters to give the illusion that both sides are equally popular, or how anti-capitalist stances are generally ignored or downplayed. Not illegal, but if you can’t really engage in those sorts of speech publicly, they may as well be.




  • ALoafOfBread@lemmy.mltoFediverse memes@feddit.ukOf course
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    3 months ago

    That’s a really good analogy.

    The email one works too once they realize they’ve never actually thought about what an email is. Like:

    “If I send you an email from gmail, you can open it in outlook, right?” “Yeah”

    “That’s because an email is just a file that both gmail and outlook can use” “makes sense”

    “Can I see your Twitter post on Reddit?” “No of course not”

    “But i can see Lemmy (Reddit) posts on Mastodon (Twitter). And these apps aren’t owned by huge companies. Normal people run each instance, and the software is free for anyone to use or host.”