LexiMax

@LexiMax@lemmy.blahaj.zone

• ⁨Comment⁩ on ⁨X drops headlines from articles, as new report details its bleeding ad revenue⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  Elon never intended to buy Twitter, he wanted to back out of the deal from the beginning, either as a headline-grabbing move or as some form of stock manipulation. His miscalculation is that he didn’t realize that the existing Twitter management was eager to sell due to the site treading water in terms of profitability, and were willing to take him to court to make the deal go through.

  The boat-anchor around his ankle is that he had to borrow a lot of money to honor the purchase. Advertising revenue would’ve always been decimated by his enabling the right, but the enormous debt hanging over his head is why the site is visibly cracking at the seams so soon after his purchase. Of course, he did favors for his political allies, but that was a move made out of opportunism, not conspiracy.

  If I’m making him sound like he’s playing 5D chess, he’s not. He made a dumb decision that blew up in his face. He’s screwed. He knows he’s totally screwed. So he’s doing what any CEO would be doing in his position - cutting costs, lying about why the site is having issues, and coming up with hare-brained ideas to try and generate revenue. It’s 100% performative CYA, because when the site is finally repossessed by his creditors, at least he can claim he tried something.

• ⁨Comment⁩ on ⁨Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  So it’s a matter of being relatively easy to scam people with it?

  That is merely a side-effect of one of the original sins of programmable blockchains - the fact that there is a delegation of responsibility of data management from a database administrator to whoever happens to have control of that data, and the controller can only manage that data according to the underlying code of the NFT.

  This only sounds appealing if you’ve never actually touched a database in your life. Making everybody their own database administrator is a terrible idea, and the only reason blockchains do it that way is because there’s no other sane way to write applications on a distributed, globally mutable database.

• ⁨Comment⁩ on ⁨Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  Essentially, the NFT is “proof of ownership” only insofar as what is put into the blockchain is correct and accurately reflects reality. If you don’t validate, the blockchain is useless, and if you do validate, you don’t need a blockchain, you can just use a traditional database.

• ⁨Comment⁩ on ⁨Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  If I buy a lot of baseball cards for 1 cent, at least they don’t suffer from the oracle paradox.

  NFT’s were nakedly a solution in search of a problem that weren’t even a very good solution to the problem they were purporting to solve. That’s what pisses people off.

• ⁨Comment⁩ on ⁨Bosses mean it this time: Return to the office or get a new job! — As office occupancy rates stagnate, employers are giving up on perks and turning to threats⁩ ⁨⁨1⁩ ⁨year⁩ ago⁩:

  Haven’t dealt with it personally, but know of people who have. The one constant is that the places that have a RTO mandate are short-staffed and brain-drained.