It isn’t just corporations that have ruined everything, it’s spammers and scammers and cybercriminals too. Searching any topic these days is a crapshoot, with a high likelihood of falling into a spammer’s tarpit.

To me it feels like the internet is evolving into a virtual Dark Forest. We float around in these little bubbles of sanity, hiding amid a yawning expanse of seething chaos.

I think both you and I know the project wouldn’t have worked and in all likelihood it would’ve damaged his reputation. I can’t fault him for opting out of that. As for what he actually did with the money, I am not going to defend that!

We’re talking about two different things here.

Actually trying to end world hunger vs pushing a button and having it happen. The former is really hard and probably way beyond the means of any individual, no matter how wealthy. The fact that Elon promised to do it is only evidence of his extreme ego, not his ability nor his ethics (which his donation to himself calls into question).

If he could push a button and end world poverty at a nominal cost of $xxx billion, I think he would do it. But to actually put in the work over a lifelong project which has a high potential to fail? I don’t for a second believe he’s capable of that. But who is?

I don’t think you thought this one through!

To be the guy known for ending poverty for all time, having statues in every park on the planet? Or just another boat to park in your mega-garage of boats?

Easy choice.

Taxing profits just means the company will borrow from investors (by issuing bonds) and then instead of profits paying out as dividends the company shows losses from interest payments.

I would rather try land value taxes.

Putting a huge percentage of a company up for sale on the open market is going to tank the price no matter what the fundamentals are. It’s simple supply and demand: you’re putting a huge glut of supply on the market and not putting similar demand. All those sell orders will begin expiring as the offers drop in price.

The largest owner of shares putting everything on the market at once is strong signal that the stock is overpriced and so buyers will react accordingly.

By the way, TSLA has a P/E ratio in the 60’s so it’s not exactly a great deal anyway.

I’m neither defending nor attacking capitalism. I’m just pointing out that putting heavy taxes on illiquid assets leads to huge disruptions.

The increase in value of shares above book is called unrealized gains. They can be here today and gone tomorrow. Taxing makes no sense unless you’re going to reimburse the taxes if the shares drop in price.

The whole system seems like a sham to me. If one artist has fans that listen 24/7 and another artist has fans that only listen for one hour a day (but that artist is all they listen to), it should be the same. Each person’s account should have its own “pot” out of the subscription fee that only they can allocate to the artists they listen to. Duration of listening shouldn’t matter at all.

How does that work though? Presumably he’s not paying subscription fees on all of his bot accounts, so they must be free accounts. I don’t use Spotify, so I don’t even know why they would have free accounts.

Unless he’s hacked other people’s accounts, then that would make sense for the seriousness of these charges.

Shares aren’t always given to you as a reward. If you are the sole founder of a company then you create the shares yourself and decide who to give (or sell) them to. If you choose not to take your company public on the stock market, then what your stake in the company is worth is unclear. Sure, the company may have assets (equipment, properties, resources) but that’s only the book value. The true market value of the company might be much higher.

Look at a software company. The software they create might never be sold, only used to provide services. The market value of the company could far exceed the book value of all the desks, chairs, computers, and other stuff the company has at the office. But you don’t really know that if the company never goes public. So how do you tax it?

if he were able to convert all of his $241.8B to cash

That’s the assumption everyone makes but it’s a false premise. If he tried to sell all his shares it would cause the stock price to collapse, his wealth would plummet, and his companies would be in jeopardy. Far from being able to give all of them $1.6M, they would all likely lose their jobs.

That’s also the issue with taxing them. If someone owns a billion dollar company (based on the price of their shares of stock) we call them a billionaire but they might not have very much money in cash (say a few million). Suppose we want to tax them 10% of their wealth: that’s $100 million! They don’t have enough cash to pay for that, so they have to sell shares, which causes the share price to go down, which negatively affects the company and the workers.

I think the issue is with how we view ownership of a business vs other things, like a yacht. The yacht can be sold to pay taxes and it won’t affect other people. The company cannot. In a lot of ways, the company isn’t just a possession of the owner, it’s a responsibility. These days I feel like we don’t talk enough about responsibility.

Using AI to provide services or crawlers to scan the internet for pages to add to search evinces is different from what this guy did with bots. Those use cases are not pretending to be a legit user in order to collect money.

What this guy did — using bots to fake listen to music — is in the same category as using bots to click on ads that you put on your own web page: it’s serving no legitimate purpose and only exists to defraud businesses which paid for the ads (or Spotify which is paying the royalties)…

No it’s actually way faster. You can swipe whole words in less than a second. It’s like writing with pen and paper but each letter is actually a whole word.

We built a world far too complex for any of us to understand. But then, the natural world is like that as well, once you look closely. I don’t think cynicism will help, but you do you!

It wasn’t any kind of collective decision to reject human scale cities, it was a campaign by car manufacturers. First, they conspired to destroy public transit, then they capitalized on the teen angst of the boomer generation to create one of the most successful marketing ideas of all time: the car as a vehicle of freedom.

That’s it, that’s all it took. Teens everywhere started watching the calendars until their 16th birthday, dreaming of the freedom cars would bring them. An escape from the prison of adolescence.

You skipped a crucial step: first you gotta raise a few hundred million in VC funding from Silicon Valley bigwigs!

And Nevada! God bless those slot jockeys!

Go into your watch history and delete all of the rage inducing videos. YouTube generates recommendations directly from your watch history (as well as subscriptions etc).

Then subscribe to channels you really like that don’t enrage you! I highly recommend hobby-focused and science-based channels. There are tons of them out there and they have great content!

Maybe the diamond magnate will hire locals to build statues in his honour!

The fact that he feels the need to say this is a sign of his vulnerability, of the pressure he feels. The chorus of voices is only going to grow louder as Ukraine kills and captures more and more soldiers, more conscripts.

Putin blaming the security forces is the beginning of the end for him. The domestic security apparatus is the only thing keeping him in power.

Every kind of hobby ultimately rests on some different kinds of reward mechanisms. Whether it’s the thrill of winning at a competition, the excitement of discovery, or the satisfaction of accomplishment, these sorts of positive emotions are what keep a hobby interesting and engaging for us. Collecting is no different, and this is where I believe the problems start.

Collecting as a hobby gets its main motivator from acquiring rare stuff. While there is a learning component to it (learning about all the stuff that’s out there, the history, why some things are rare and others are not, and what fair market prices are for everything) and a sense of satisfaction and accomplishment (from gazing at a completed collection), the main drive that keeps people engaged is the excitement of unboxing and taking possession of new and rare item.

Unfortunately, this is an extremely fleeting and hollow emotion. It can last as little as a few minutes and rarely lasts more than a few days. In the long run, I believe this is what leads people to lose interest in collecting: they simply run out of rare stuff to obtain and thus lose the excitement they once had. Some even get so frustrated and disillusioned by collecting that they go out of their way to destroy or sell off their collections, often experiencing an enormous sense of relief afterwards (but potentially also a sense of loss and regret).

Contrast this with hobbies based around making or fixing stuff: making wine, brewing beer, gardening, cooking and baking, repairing old clocks or TVs or computers, restoring old cars, woodworking or blacksmithy or hobby machining, making jewellery or clothing, programming video games. These hobbies all differ from collecting because they’re focused on learning and personal growth. For example, there is a sense of satisfaction and accomplishment to pick a few jalapeño peppers off the plants you raised from seeds, but the ultimate driver is the thrill of learning how to better take care of plants so that next time they grow even bigger and healthier than before!

Likewise with a repair hobby such as fixing old clocks: each one you come across (and there is some overlap with collecting here) has a unique history with a unique set of challenges to overcome if you are to get the thing repaired and running again good as new. But it differs from collecting in that the biggest satisfaction arrives at the end, when you complete the repair, rather than the beginning when you unbox the clock.

Some of the other making/crafting/food hobbies also provide additional satisfaction when you’re able to give away or sell your creations to friends and family (or strangers at a farmer’s market or Etsy shop). Having another person be happy as a result of something you learned how to do is incredibly rewarding in ways that an obscure collection may not be. It can be quite a downer to have others fail to understand what’s so interesting about your collection and even painful if they tell you they think it’s a waste of time and money. Of course, ultimately this reward/consequence of a hobby depends greatly on your relationships to other people and how much you care (or not) what they think.