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MADali Basically, someone like me is the friend who is watching from afar and shaking one's head. Joined: 21 Jan 2007 Posts: 6740 (Wed Feb 26, 2014 3:53 am) Reply
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Fairly Recent News Discussion Thread |
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Whats up with Whatsapp being bought by Facebook by 19 billion dollars? All current economy seems to be based on some kind of weird Ponzi scheme.
I don't seen how its not all again under dot com bubble, but instead of ecommerce being the future of everything like a decade or so ago, now its how extremely awesome social networks are, which are basically based on how many users they have.
The problem with most business today is that their business model is based on hoping to get bought rather than having a viable profit generating model. An online social network tries its best to get users, which in turn has funding capitalists invest in it so that they will being able to be in business until someone comes and buys them, which is usually a system similiar to theirs.
Whatsapp is currently probably making something like 20 million a year profit, which is like 0.1% of the valuation. Even Facebook's own annual income isn't high enough to support that purchase, considering that its 2013 net income was 1.5 billion.
However, of course, Facebook didn't buy Whatsapp by cash, mixing it with Facebook stock, which is not really cash. This is where the real ponzi scheme comes into play. |
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MADali Basically, someone like me is the friend who is watching from afar and shaking one's head. Joined: 21 Jan 2007 Posts: 6740 (Wed Feb 26, 2014 3:58 am) Reply
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Next up is Bitcoin. A bitcoin exchange company suddenly shut down in Japan causing a panic, meaning that millions of investment suddenly disappeared.
Its incredible that people are buying into this garbage. Unregulated financial system might be a libetarian's wet dream, but regulation are there for a reason, otherwise every McDonald we ate would have been made out of dead Syrian corpses, insurance companies would show us their penis whenever something we put in a claim, and every product sold would come with opium. |
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MADali Basically, someone like me is the friend who is watching from afar and shaking one's head. Joined: 21 Jan 2007 Posts: 6740 (Wed Feb 26, 2014 4:02 am) Reply
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Nowadays I'm too old to instantly know what new fads are, but not old enough to try to find out what they are (like those middle aged journalists that review a smartphone and go, "And yes, it comes with Angry Bird!").
So I only recently realized what the fuck Flappy Bird was, and I spent some time reading articles on it, and the whole thing is weird. An extremely stupid game becomes viral, bringing in something like USD 50,000 ad revenue profit per day for the one-man Vietnamese game developer, when he suddenly gets tired of the sudden pressure and removes the game from the store. |
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Fagzilla Got lost in another dimension for a couple months. But seriously, we will actually update the site within the next couple of days. http://www.bandzwiki.com/ Joined: 25 Aug 2008 Posts: 10111 (Wed Feb 26, 2014 4:30 am) Reply

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This is my favorite thread. |
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Fagzilla Got lost in another dimension for a couple months. But seriously, we will actually update the site within the next couple of days. http://www.bandzwiki.com/ Joined: 25 Aug 2008 Posts: 10111 (Wed Feb 26, 2014 4:32 am) Reply

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Haha, what the fuck MADali?
Your English is getting worse than spam blog comments. |
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MADali Basically, someone like me is the friend who is watching from afar and shaking one's head. Joined: 21 Jan 2007 Posts: 6740 (Wed Feb 26, 2014 4:53 am) Reply
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I'm probably just like this here. I do write a lot of work emails in English, and I'm very careful with them. |
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Big Fagot Alpha ape Joined: 09 Jan 2007 Posts: 10545 (Wed Feb 26, 2014 10:28 am) Reply

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MtGox was heroically incautious. Hacking them would have been a waste of time for the NSA, instead of just waiting for someone else to do it. |
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Big Fagot Alpha ape Joined: 09 Jan 2007 Posts: 10545 (Wed Feb 26, 2014 11:10 am) Reply

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Flappy Bird was very strange. The hook seemed to be that the game was easy to learn and let you immediately start again after losing so you could pretend it didn't happen. It also supposedly tricked you into posting a review, which sent it higher on the app store list. Of course, everyone knows all these tricks now and they haven't duplicated Flappy Bird's success, so we can see that everything is bullshit, rewards are distributed randomly, and we are being digested by an amoral universe. |
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Big Fagot Alpha ape Joined: 09 Jan 2007 Posts: 10545 (Wed Feb 26, 2014 11:11 am) Reply

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Theldorrin would have been anti all of these. |
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MADali Basically, someone like me is the friend who is watching from afar and shaking one's head. Joined: 21 Jan 2007 Posts: 6740 (Wed Feb 26, 2014 11:26 am) Reply
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Theldorrin is not news anymore. |
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Big Fagot Alpha ape Joined: 09 Jan 2007 Posts: 10545 (Wed Feb 26, 2014 11:37 am) Reply

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All of that is internally consistent but doesn't explain who would be interested in doing that. |
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Ryoko's Biatch Joined: 04 Jan 2007 Posts: 9256 (Wed Feb 26, 2014 12:22 pm) Reply

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I never understood Bitcoins or why people invest in them. At first I thought it was just a Pay Pal-esque thing with the added bonus of getting paid upfront, but the whole economy that sprung up around it is completely insane. Enough shit can go wrong in the regular economy, why get involved in something even more unstable?
But I'm sure you guys know more about this shit than I do. |
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Magic Juan Joined: 10 Jan 2007 Posts: 8709 (Wed Feb 26, 2014 6:25 pm) Reply

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The problem with cryptocurrency is that unless you are Mel Gibson in Conspiracy, the government can still track you by IP address and shit. Original buyers of BitCoin were probably TOR champions who could run unreal, but then poker players and Gary Johnson fanatics started buying them thinking they were able to buy drugs on silk road when all of their internet useage was being monitored by the NSA.
Also, the best way to store bitcoin I guess is to store it on a USB drive and only upload it onto an offline computer at a Macstore or whatever. |
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Big Fagot Alpha ape Joined: 09 Jan 2007 Posts: 10545 (Wed Feb 26, 2014 8:45 pm) Reply

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So then it WAS government hacking? |
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ALDP Joined: 25 Jul 2009 Posts: 4412 (Thu Feb 27, 2014 2:08 pm) Reply

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Vito's point is that you can't hack gold and the US needs more gold |
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MADali Basically, someone like me is the friend who is watching from afar and shaking one's head. Joined: 21 Jan 2007 Posts: 6740 (Sun Mar 02, 2014 7:10 am) Reply
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I’m thinking about the developments in Ukraine and I think its possible new lines are being drawn in the next phase of world powers. The fake illusions of partnerships between powers might have to be finally put aside.
Russia got a hard lesson with Libya. After that, it has been more vigilant, but not vigilant enough. Their support for Syria, while better than Libya, was not enough, and it was Iran that really knew how to back up an ally, not Russia.
But Russia is probably realizing now that the chess pieces are starting to move closer to their mother country now. Can they still pretend to be big and important, while shuffling their feet when it comes to defending their interest? Can they continue retreating or not standing firm whenever a confrontation with the west seems on the horizon?
With Ukraine, I hope Russia realizes that they need to be really steadfast. They can protect their territory, and start really backing Iran and strengthening ties with India and China. Big regional players can work together to push out the American influence, but if they start constantly getting scared that supporting another might hurt them, then eventually, they’ll find American influence seeping into their own countries eventually.
Russia won’t be allowed to get so powerful in the region to completely replace USA. That is, Iran won’t allow USA to be pushed out just so Russia will take control of it, or with China’s neighbors, or with India’s neighbors. But by pushing USA out, countries like Iran, Russia, China, and India, will have a much more independant future. |
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MADali Basically, someone like me is the friend who is watching from afar and shaking one's head. Joined: 21 Jan 2007 Posts: 6740 (Sun Mar 02, 2014 7:12 am) Reply
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And fuck the other thread. This thread brings you hard hitting analysis. |
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Magic Juan Joined: 10 Jan 2007 Posts: 8709 (Sun Mar 02, 2014 10:43 am) Reply

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That was certainly worse analysis than anything I wrote in my freshman year of college.
Do you realize that you have a habit of continually repeating yourself whenever you write on FTU? You also constantly make statements and then immediately follow with a new point about something tangentially related. This was evident when I re-read your post on the ex prez of i-ran |
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Big Fagot Alpha ape Joined: 09 Jan 2007 Posts: 10545 (Sun Mar 02, 2014 11:58 pm) Reply

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Is it good to have chess pieces moving toward you? Either way would make sense. |
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MADali Basically, someone like me is the friend who is watching from afar and shaking one's head. Joined: 21 Jan 2007 Posts: 6740 (Mon Mar 10, 2014 3:09 am) Reply
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Congratulations to Kim Jong Un getting ALL THE VOTES in an election in North Korea.
This is news from their official news website,
Pyongyang, March 10 (KCNA) -- The election of deputies to the 13th Supreme People's Assembly of the DPRK was successfully held in the DPRK.
The Central Election Committee on Monday released a report on the results of the election of the deputies to the SPA held at Paektusan Constituency No. 111 on Sunday.
According to the report, all the voters of the constituency took part in voting and 100 percent of them voted for Kim Jong Un, first secretary of the Workers' Party of Korea, first chairman of the DPRK National Defence Commission and supreme commander of the Korean People's Army, reflecting the unanimous will and desire of the service personnel and people across the country.
This is an expression of all the service personnel and people's absolute support and profound trust in supreme leader Kim Jong Un as they single-mindedly remain loyal to him, holding him in high esteem as the monolithic center of unity and leadership and a striking demonstration of their revolutionary spirit and indomitable will to make a fresh shining history of Kim Il Sung's and Kim Jong Il's Korea under the leadership of Kim Jong Un.
The DPRK is ushering in the era of great surge in building a thriving socialist nation under the outstanding and tested leadership of Kim Jong Un.
He set it as the supreme programme of the party to model the whole society on Kimilsungism-Kimjongilism, providing a firm organizational and ideological guarantee for developing the WPK into the glorious party of Kim Il Sung and Kim Jong Il.
He, at the same time, opened a new chapter of the cause of immortalizing the leaders with loyalty and sense of moral obligation, developing the DPRK into the socialist country of Juche which is shining with the idea and the august names of Kim Il Sung and Kim Jong Il.
He set forth a clear-cut strategy for the Korean revolution to be held fast to for all ages so that the country may advance straight along the road to independence, Songun and socialism under the uplifted banner of Kimilsungism-Kimjongilism, providing an ever-victorious treasured sword for the prosperity and development of the DPRK.
He put forward the Korean People's Army as a reliable scout party and a strong mainstay for the Songun revolution by developing and enriching Kim Il Sung's and Kim Jong Il's strategy and tactics and further bolstered it up as elite revolutionary armed forces. He thus remarkably increased the defense power of the country, firmly protecting the destiny of the socialist country and its people.
He made a new legendary history of love for the people and love for the rising generations with his noble patriotic politics and all-embracing politics, bringing into full bloom the happiness of the great socialist family in which all its members have blood relations with their leader.
He has energetically led the servicepersons and the people to bring about a turning phase in building the economy and improving the people's living standard through a strong wind of Kim Jong Il's patriotism across the country and their patriotic enthusiasm. As a result, the country witnessed steady great successes showing the appearance of a thriving nation.
Thanks to Kim Jong Un's leadership, the DPRK will as ever prosper as the glorious state of Kim Il Sung and Kim Jong Il and the revolutionary cause of Juche, the revolutionary cause of Songun, is sure to win a final victory.
The Central Election Committee reports that Kim Jong Un, first secretary of the Workers' Party of Korea, first chairman of the DPRK National Defence Commission and supreme commander of the Korean People's Army, was elected deputy to SPA according to the results of the voting confirmed and submitted by the above-mentioned constituency. -0- |
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