thetasteoffire reblogged
thetasteoffire reblogged
i love tool assisted speedruns
thetasteoffire reblogged
Shut the fuck up about this already.
Absolutely no one can use this claim anymore and expect to be taken seriously, not when hostage families are finding out that Hamas had literally offered to release all civilian hostages as early as October 9 but the government rejected that offer.
Not when Netanyahu rejected one offer after another including in December of last year, while hostage families are in the same room begging him to take action.
Not when Netanyahu literally only yesterday said that his "war" will continue with or without a deal.
So shut the fuck up about the hostages. Israel does not give a flying fuck about the hostages so don't pretend this is about them. You have shown time and time again that you would rather let them starve to death and literally get killed than stop the slaughter of Palestinians in Gaza.
thetasteoffire reblogged
One thing I wonder about is: If you were designing a financial system from scratch, in 2024, would you come up with banking? That central traditional trick of banks — that they fund themselves with safe short-term demand deposits, and use depositors’ money to invest in risky longer-term loans, with all of the run risk and regulatory supervision and It’s a Wonderful Life-ness that that involves — would you recreate that if you were starting over?
Part of me feels like, if you started a new civilization and put smart but ahistorical tech people in charge of designing a financial system, it would never occur to them to recreate traditional banking. It is so messy and opaque and imprecise, using a shifting pile of demand deposits to fund long-term loans. Plenty of people — insurance companies, retirement savers — want to earn a return on their money and don’t need it anytime soon; their money can be locked up in long-term loans. The money that people keep in the bank just to pay rent and buy sandwiches doesn’t need to be pooled and invested in risky loans; it should just sit in the vault.
This idea — that bank deposits should just sit in the vault (or, realistically, in electronic money at the Federal Reserve), while risky loans should be funded by long-term investors who intend to take those risks — is sometimes called “narrow banking.” It has a long intellectual pedigree, it came back into vogue after the 2008 financial crisis, and it got attention again after last spring’s US regional banking crisis. All those crises! The traditional business of banking is necessarily crisis-prone; using risky long-term loans to back risk-free short-term demand deposits involves a fundamental mismatch, and every so often that flares up into a crisis.
And so, since 2008, but more visibly since last spring, banking really has become narrower. Private credit is the lending side of “narrow banking”: Private credit firms raise dedicated funds, with locked-up money, from investors who intend to invest in long-term loans to earn a return. And private credit is the hottest area of finance, making buyout loans and investment-grade corporate loans and funding consumer loans. And private credit is booming not just as a competitor to banks, but as a funding source for banks: Banks have the relationships and technology to make loans, but not the money, so they partner with private credit to fund the loans.
Meanwhile the deposit side of “narrow banking” is something like banks taking their customers’ money and parking it at the Federal Reserve. And in fact some money has shifted out of banks (which are not narrow) and into government money-market funds (which park the money in Fed repo or Treasury bills). Even within banks, there is less lending.
...
That’s narrow banking. I admit I have a certain emotional soft spot for traditional banking. There is something magical about how banking transmutes risky assets (loans) into risk-free liabilities (deposits). “A banking system is a superposition of fraud and genius that interposes itself between investors and entrepreneurs,” wrote Steve Randy Waldman in 2011; it allows society to use the money of risk-averse depositors to fund risky investments in growth. But it is possible that this magic no longer works: In a world of financial transparency and fast communications technology and flighty deposits, you can’t really expect to hide the risks of the banking system; you have to fund the loans with people who know they’re funding the loans.
I will say, though, that I have also written a lot about crypto over the last few years. Crypto really created a new financial system from scratch, and it started with a very strong philosophical bias against traditional banking. And then it really did recreate traditional banking! And also traditional banking crises: In 2022, it turned out that one of the main uses of crypto was to turn customer demand deposits (of crypto) into extremely risky loans (of crypto), which ended as badly as you’d have expected. “One possibility,” I wrote last year, “is that fractional reserve banking is deeply rooted in human nature.” If you started the financial system over, maybe banking would develop again. Even if actual banking is getting narrower now.
Matt Levine on narrow banking, we talk about this a lot as banks are so fundamental to how our entire civilisation currently functions and yet they're basically just hacks that lurch from crisis to crisis, more evolved than engineered
thetasteoffire reblogged
the dying gasps of late stage capitalism vs. the lusty moans of turbo mecha hyper capitalism
Aladdin showing Jasmine a whole new world of prospective asset classes she had never even imagined financialising
jdpink said: en.wikipedia.org/wiki/Al…(BlackRock)
yes!
thetasteoffire reblogged
thetasteoffire reblogged
three FOUR anarchy accounts, that all post nothing but antifa memes, followed me in less than 24 hours. And like, idc, but nothing has ever given me stronger "waving to the FBI agent surveilling me" vibes. four antifa-bot accounts? you want me so bad it's embarrassing.
agent babygirl im saying this from a place of love: you look pathetic
thetasteoffire reblogged
moved2honeybumbleebee-deactivat
i open Tumblr
12 of you are posting hardcore anal
7 are in their cottagecore era
and the rest are sadposting
sometimes there are dogs
thetasteoffire reblogged
Today's bird is this American dipper doing a little dancy dance
thetasteoffire reblogged
jazz-induced psychosis
rosie37q
psychosis-induced jazz
imagine believing in the power of music to heal but the way your music heals specifically is enraging people back into their faculties
In Exciting News, I look like this now
It has been I think four years since I posted a picture of myself and all I do now is lift and garden and wear a cowboy hat, so things have changed.
thetasteoffire reblogged
Ok but like. What the fuck is there to do on the internet anymore?
Idk when I was younger, you could just go and go and find exciting new websites full of whatever cool things you wanted to explore. An overabundance of ways to occupy your time online.
Now, it’s just… Social media. That’s it. Social media and news sites. And I’m tired of social media and I’m tired of the news.
Am I just like completely inept at finding new things or has the internet just fallen apart that much with the problems of SEO and web 3.0 turning everything into a same-site prison?
Long collection of resources under the cut.
ALSO you should consider browsing Virtual Pet List and seeing if there are any pet sites you might be interested in playing. There is a whole genre of browser games right under your nose
Another one that I just found recently is this, which is a whole collection of blogs, organized by topic!
Look guys the real internet IS STILL THERE I’m going to cry
Getting off of twitter and onto neocities has really healed me and I am so glad to see it is healing other people too ;u; let’s retreat into the self-made digital woods and away from corporate bs pls, I am so tired
I gotta start blogging properly again, honestly.
thetasteoffire reblogged
the default way for things to taste is good. we know this because "tasty" means something tastes good. conversely, from the words "smelly" and "noisy" we can conclude that the default way for things to smell and sound is bad. interestingly there are no corresponding adjectives for the senses of sight and touch. the inescapable conclusion is that the most ordinary object possible is invisible and intangible, produces a hideous cacophony, smells terrible, but tastes delicious. and yet this description matches no object or phenomenon known to science or human experience. so what the fuck
this is what ancient greek philosophy is like
False! “Sightly” is a positive word, so the default way for things to work is good as well.
The true most ordinary object is beautiful, horrible sounding, very smelly, intangible, and delicious.
I still don’t think it matches anything in existence but to truly understand a thing one must know its true nature.
"touchy" is also a word! however it's mostly used for things that aren't objects, like subjects of conversation. it either means "oversensitive and irritable" or "requires careful handling/wording, delicate"
i think the second one works well for our hypothetical object. so we can use that.
therefore, the Default Object is:
- beautiful
- makes a horrendous sound
- smells absolutely awful
- is very fragile
- tastes delicious
and i still cannot think of anything that matches this
behold, the default object!
thetasteoffire reblogged
Coolest thing about lord of the rings? The king of horses shows up. It appears he is no different from all other horses
King of the eagles shows up later. He can talk. Horse king couldn't talk.
He didn't want to talk to you.
thetasteoffire reblogged
every time I put something in my ass I think about that tweet that's like YOU DESTORYED YOUR ROOT CHAKRA! it's over and you aren't going to make it!
thetasteoffire reblogged
little used fantasy trope i love: when two people are playing cards in a shady bar and it's the tense moment where they show their hand but it's a fantasy so they can't say things like "full house" or "royal flush" so they same some nonsense like "three crowns and a dead crow" and the crowd is like "oooOOHH" so we know that's good
Other character smirks: "Well, I've got a castle on four omens."
The crowd "oohs" louder, so we know that it's Much Better™️
thats how i feel watching scenes with regular cards
thetasteoffire reblogged
thecoldmountain13-deactivated20