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Joined 2 years ago
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Cake day: July 13th, 2023

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  • This is all well and true, but it’s important to note that these organizations exist as a sidestep to regulation, they are formed by industry insiders as a promise to the regulators that they will be honest about how they rate games (or movies or music) so that the government doesn’t actually get involved and do it’s job.

    It’s a form of regulatory capture that allows the industry itself to decide what is harmful to us.

    It’s basically the definition of conflict of interest.



  • Normal people can’t reasonably spin up a mastodon server either.

    Everyone here seems to vastly overestimate the general public’s technical knowledge and desire for this kind of thing.

    You have technical knowledge hurdles, financial hurdles, ISP hurdles, government hurdles (in some countries), bandwidth hurdles, storage hurdles, and more.

    Running a server even on a raspberry pi takes a decent amount of effort, and when your server is down, because regular people aren’t going to have HA and battery backups and multiple Internet connections, etc, your service goes down.

    Most people, like 99.9999 percent of people don’t Want to deal with any of that, I mean hell, regular people don’t use ad blockers, know what linux is, what a raspberry pi is, what a server is, how any of this works, or care at all. So many people here or so drastically out of touch it’s wild.









  • Well, a lot of stock trading isn’t as simple as just stock picking, buying and selling individual stocks.

    Much of the market is made up of derivatives trading, such as options, where you aren’t trading the stock itself, instead you are trading the option to buy the stock.

    The value of the option is derived from the value of the underlying asset, but it is not absolutely coupled to it (this is how a lot of the money is made, by finding market inefficiencies and capitalizing on things like slippage, where there is a mismatch in the value of the derivative and it’s underlying)

    What the person above is saying is that, when it becomes no longer profitable to trade underlying assets directly, new derivative markets will be invented that trade around other underlying assets.

    Think about unregulated Bitcoin trading for example, while contrived, imagine a crypto currency that is coupled with the price of another asset (these exist, like USDcoin) such as a stock, future, option, or something else.

    I should add, typically the derivative kind of collapse into the underlying at some point, but in the case of an option, it might be traded 100 times before that happens, during each of those trades the actual asset (e.g. the underlying stock) doesn’t actually change possession, and a given side of the contract may or may not be changing possession. If you write a call option for a 100 shares of Ford you own, you aren’t selling the stock unless the actual call gets assigned and you are required to fulfill the contract, but the ‘buyer’ side of the contract could have been sold 100 times in the meantime.

    All this to say, it’s complicated and there are lots of opportunities for shady shit to happen.



  • Takumidesh@lemmy.worldtoGames@lemmy.world*Permanently Deleted*
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    2 months ago

    I mean I think the guy is stupid, but let’s honestly reflect here, who gives a fuck about some leaked Nintendo game getting played a week or two early. Like honestly, it might not technically be victimless (though even that can be argued), but the ‘damage’ is so small it’s like being upset that someone stepped on your grass.