• 17 Posts
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Joined 10 months ago
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Cake day: August 28th, 2023

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  • Or does the $900 they lent create a -$900 for the bank that is cancelled through repayment?

    Correct (effectively). Remember how you are “loaning” money to the bank by depositing money in ur bank account? Think about it - if someone loaned you money, and you spent it somewhere, would you have 0 money or would you have negative money (in terms of cash)?

    Interestingly, this is why Nordic countries technically have one of the highest wealth inequalities in the world. It’s because they easily get home loans as the government acts as their guarantors. Here’s a vid to explain this.

    Holy shit. I get it! That’s a great explanation and I really appreciate your taking the time to type it all out. I’m glad we don’t have Lemmy medallions to award but, if we did, I’d give you one.

    Awwww thankssss


  • Calling it, Sol is a Sith. He was Qimirs master, then Qimir somehow left (yes: somehow, Qimir left!) and Sol has been trying to convert another Padawan to his cause ever since.

    Now that would be a hell of a twist! Qimir is clearly not the master. He still feels a lot weaker than what I expect a full on Sith Master to be like. Also, he says that he wants a pupil instead of an apprentice. I expect the actual Sith Master to be revealed at the end. It would be really cool if it was Sol himself.

    Also, see how Qimir killed all Jedi that saw his face but didn’t really run behind Sol much? I dunno…


  • I’m a scientist, not an economist

    I’m neither lmao. We just had a macroecon credit in my degree program, which is where I learnt about this.

    Halp!

    Now onto this… You’re kinda right but kinda wrong in that fractional reserve banking “creates money”. Here’s a way to think about putting your money in a bank. By opening a bank account, you are not putting your money in a vault. You are loaning it to the bank. The bank then loans it out to another person, who then “loans” it to another bank. Hence, fractional reserve banking is a natural side effect of this logic. What would happen if we had a 100% fractional reserve? Well, the bank wouldn’t be able to loan your money to anyone then. It would essentially become a vault.

    Therefore, fractional reserve banking is necessary to make loaning money possible. Loaning money is necessary for obvious reasons.

    Now to the “creating money” part. Sure, at the macro scale, you get a lot of virtual money in the economy. At the micro level though, individual banks aren’t creating money. They still have to get the money that they’ve lent out back. If they fail to do so, they’re going to go bankrupt. Banks would never go bankrupt if they could print money on a micro scale, right?

    Okay, so now let’s zoom out back at the macro scale. Now, you can accelerate or decelerate the economy by controlling the ratio of money that is in circulation vs money that is out of circulation. It’s simple- more money in economy = more demand = more profits = more investments in increasing supply to be competitive = more work done. If this demand however drops, profits drop, and increase in supply drops. This is very bad as no work will be done. However, if demand increases too much for essential goods (like food, housing, etc.), it is bad as it can cause problems for people till the supply can catch up. The economy is going too fast in such cases.

    Now, you can slow the economy down by many ways- by increasing interest rates, increases the fractional reserve and so on. This way, less people are going to borrow (you just reduced demand by this simple technique). You now reduced demand in your economy and slowed it down. The opposite can be done to speed the economy up.






  • Maybe it’s someone who just happened to be hanging around

    Yea yea, the potions guy ikik… I was talking more in terms of the name. The Sith name that is. I’ve seen ppl say “Qimir” quite a lot.

    I’m more interested in seeing him kill a couple of the unnamed Jedi. Hopefully they handle it better then the first fight scene.

    Oh I’m definitely expecting that to happen. I rlly doubt any Jedi is getting out of there alive including Sol. Sol did the cliche “I’ll tell u what happened when we get back”, and then dying.

    The Sith? fellow clearly is eyeing for Osha. Maybe he manipulates her by re-emphasising the lie that Mae killed her family? Perhaps trapping her into sunk cost by making her kill Mae?


  • WHAT AN EPISODE!!!

    Episode 4 was absolutely amazing! The acting has improved (the conversations between Osha and the padawan girl felt incredibly natural). And do I need to talk about the ending?

    SPOLIERS AHEAD

    How was the Sith? guy at the end so fkin powerful lol. One flick and he can send everything flying away? Jeeez… Also, is this guy Mae’s friend? Uk, the one accompanying her everywhere. Would explain how he got there so fast. Also, what is his motivation to set Mae up? Does he just want to kill a few Jedi? Does he want to turn Osha to the dark side or something (uk, after seeing how he eyed her and didn’t kill her)? Isn’t Osha actually weaker in the force when compared to Mae? I’ve so many questions lol. Also, props to the designers of this character! His mask is SO CREEPY.

    Really can’t wait for the coming episodes.



  • I’m sure there’s some, but most of the criticism seems to come from people who just straight-forwardly aren’t enjoying the show as much as you.

    I hope that’s the case. Honestly, I got triggered this morning by watching Star Wars Theory’s reaction to it. I was looking at his chat which was saying things like, “not a single man in sight…”, some homophobic stuff, and just incredibly toxic shit about how “woke” the entire thing was.

    I really liked the ascension scene and wanted to share a YouTube link of it with my mum (wanted to show here how they utilized Indian classical music beautifully there). All videos that I came across were just about how “wokeness killed star wars”, “how we must rescue star wars from wokeness” and stuff like that.

    If something is supposed to be cringe, it’s up to the creators to find a way to indicate that to the audience, otherwise it’s taken at face value.

    Perhaps. I think we’re just in the “are the curtains blue because the artist wanted to show a depressed environment or is it just because the artist liked the color blue” system. Andor’s expression was very explicit (which is not bad of course. It’s just a style of expression). I think Acolyte’s expression is a bit more implicit.

    Again, beauty is in the eyes of the beholder. Not liking Acolyte because of plot and stuff like that is alright. But not liking simply because it’s “woke” is just fkin infuriating.


  • Man the Star Wars fanbase is shit. SO INCREDIBLY TOXIC JEEEEZ. The people here on Lemmy seem to be waaay more chill tho. I absolutely LOVED episode 3. The music (which many found cringe for some reason) is what I loved the most honestly. The ascension scene was ART imo. I genuinely don’t get the hate for this show.

    A note about the ascension scene: When the leader witch says, “we were at the brink of extinction”, one of the witches does that crazy maniacal witch laughter. I was weirded out a little in the beginning as to why she would do that. But when you think about it a little, this is exactly what the witches are. They’re different and weird, which is why they were ostracized by society and hunted down (as per the show). I see them as that cringe group of students that are present in every classroom. The others find them cringe, but they are actually very chill people. Unfortunately, because of their so called “cringeness”, they are bullied a lot.

    As for the ending, OF COURSE the twin didn’t burn the fortress down on her own. That is LITERALLY what the first two episodes were about lmao. Why would the 10 year long meditation Jedi guy commit suicide then? Why would the other dark twin (forgot if it was May or Osha) go on a hunting spree against these particular Jedi?

    Are people hating this show just because it is “woke” or something? Like… the witches aren’t even actual lesbians. Like… you can’t have homosexuality if heterosexuality doesn’t exist, right? It would just be… sexuality sexuality I suppose. I genuinely can’t see how this thing was “woke”. Or was it because the leader witch was black or something? Would people get upset about that NOW? Come on…

    I also loved the leader witch… I think the actress portrayed her role very well! She definitely gave off those comforting motherly vibes…


  • UraniumBlazer@lemm.eetoMastodon@lemmy.mlMy opinion on Mastodon after 2 weeks...
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    21 days ago

    Never liked Mastodon (neither did I like Twitter, X or whatever tf it is now) because of the no-community nature of it. Therefore, can’t speak for Mastodon vs Lemmy.

    However, I do see the “why so serious” problem on Lemmy a lot compared to Reddit. It can be depressing at times honestly. Lemmy really needs to up its shitposting game. Unfortunately, I do find myself going to Reddit when I want to come across uplifting posts. I really don’t want to know how the world is inching towards fascism every day at such times.





  • Nooo ur documents. Not ur private key lol (it wouldn’t exactly be private now, would it). Let’s say u lose ur private key. U would have to manually do shit like u do when u lose ur passport.

    What I’m saying is, ur identity being deleted only if the government AND u lose all ur data on all devices at the same time. Which is incredibly unlikely.

    It’s like saying, “I don’t trust a papered system because the state buildings and my house could burn at the same time with my documents in them”




  • UraniumBlazer@lemm.eeOPtoTechnology@lemmy.worldEstonia | The Digital State
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    1 month ago

    It wouldn’t really affect u even if ur id got deleted. Let me explain. Ur id is nothing but information correct (your name, address, etc.). The same goes with contracts. What makes ur id special is that the government has verified it to be legit.

    A very simple way of doing this is by making the government cryptographically sign ur id/contact. I would really recommend getting a functional understanding of how public-private key cryptography works. Basically, the government just has to put up its public key online. If u have ur id, u can verify if the document is issued by the government using their public key.

    As long as the public key stays there, and u don’t lose ur id and contracts they won’t technically be lost.

    Also, if the public key suddenly changes/disappears without being notice, everyone would know that something’s up. It’s like ur government building’s staff was suddenly replaced.