Nope. Once the bubble bursts the squeeze-out of the middle class will be truly begun as pensions fail and governments on the edge of default are forced to squeeze them to repay their debts to the wealthy.
WatchfulConsole
joined 1 month ago
lol do it. Watching the accelerationists burn their own house down's kind of poetic.
Sounds great on paper but my bet is it'll take a decade or more and cost tens of billions to hire and retool everything. It's not just install Linux on all the machines of every beurocrat and call it a day. So much SharePoint, Netsuite, Salesforce, and more need alternatives built out. Thousands of hours or more spent retraining decades of learned computer skills. A deep lack of technical talent due to brain drain over the last two decades thanks to huge US tech salaries.
Not saying they shouldn't. I'm just expecting a big push and then a bunch of failed projects to move that leave systems spread across two platforms.
That's the point. With the government nearly broke, he's trying to pump out the last of the wealth there by gutting the welfare state to free up more capital for his investments. He's since been mostly sidelined, but the corporatist wing of the MAGA coalition are working on a lot of the same plays behind the scenes still.
Duh. This is what unchecked wealth inequality is doing. As retirees sell their house to fund retirements and new properties are built, people with already sizable passive income streams are buying them up to increase their passive income streams by turning them into rentals. If you want to build more, developers need to bid against that same wealth for land, driving up the cost of the units and further driving them into wealthy portfolios. Governments are pretty much fully leveraged after covid, so they've got few assets to help subsidize affordable housing, which is often being privately sold anyway and will be sold by those owners later at market prices when these cash strapped families need the money (for retirement or unexpected troubles).
https://youtube.com/watch?v=pUKaB4P5Qns
The squeeze-out of the middle class has begun.
Wake up and do what? Most Americans are so individualistic they couldn't plan a heist let alone a political movement.
Trapped in an endless cycle of jingoistic rugged individualism trying to all vote with their wallets.
Obviously #2, but wow is that one ugly mod job: https://www.jetphotos.com/photo/11439945
Previously registered as C-GPWU out of Canada? https://onespotter.com/aircraft/fid/1274279/SE-RMV
Now it flys in the UAE Air Force as 1344: https://www.planelogger.com/Aircraft/Registration/1344/1204381
Details about the build and program: https://en.wikipedia.org/wiki/GlobalEye
More photos if you want them: https://www.airhistory.net/aircraft/31173/Bombardier-Global-6500-BD-700-1A10-Global-Eye-AEW-C
He just does what hundreds of grifters do daily on crowdfunding sites. What dozens of engineering firms do yearly with smooth brain dictators. What tech bros eat, sleep, and breath daily talking to VCs in Silicon Valley. Pitch idiots with cash burning a hole in their pocket to invest in ideas that sound really cool if you don't know how the thing in question actually works in any sufficient detail to do back of the envelope estimates.
He doesn't care about selling or shipping anything. That's not how he makes money. He makes money by getting people to give it to him cash for really cool stories. If he fails to ever sell anything, make any meaningful contribution to society, even do anything at all, none of it matters. Investors eat the bill. Those investors are mostly people's retirement funds running on autopilot, just buying more and more of the 500 biggest companies.
It's solar roadways, autonomous pods, a video game you can do "anything" in, a super app that'll replace all other phone apps, a mars colony, artificial general intelligence, or whatever else sounds cool enough with just enough plausibility to get the money before critical thinking sets in.
Here, the grift is going, well satellites are just computers. We have a bunch of them. That could be a data center. This ignores the need for these systems, both hardware and software, to be radhard against cosmic rays. It ignore the intense thermal swings, the short lifespan, limited frequency space, and the hundreds of other things that just make the cost per kilogram of compute in space prohibitively expensive. It's so expensive we wouldn't put things there if that particular location didn't have insanely good radio reception compared to what we can achieve down here.
Starlink's only main advantage is military. It gives him control of a global network that can't be easily controlled by sovereign governments. It's one of many reasons he's doubled down on trying to get embedded within the US government. There's not enough money in selling people in remote places internet to pay for this whole thing.
Why say this then? A few reasons. For one, he's hoping to add pressure to get more environmental protections scrapped. Even if politicians don't scrap those, he can use the panic to divert investment money to himself by pretending to have magic beans. And then there's his need to keep up his Tony Stark persona. Partly, he's a deeply insecure dweeb. Partly, his public investments are somewhat meme stocks drawing a lot of retail investment from soy faced tech fans with cushy IT jobs.
Not much different than a link to change your password that had those two random values added as a query parameter (which is what the link you get effectively does). Uncommon way to do it, but no real difference in the security model. Good to see they have a way to expire the password and force you to reset it if they ever had a compromise (since they note it has less than 1 day's validity). Another upside is that by having already changed your password to this new random value, your account should also be locked until the password is changed. That one's a mixed bag. Could be nice to know someone tried, could be frustrating if someone uses this to mildly DoS your account.
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I don't care if a cat's white or black. I care if it catches mice.