F
OK the hilarious thing is these new “micro credit” services eg. klarna are NOT making a profit even with the most predatory of terms. They do zero work on approving their loans (they would howl and cry at me for calling them loans — but who are we kidding here?)
Anyway they have like a 50% default rate and maybe they get the principal back but NOT all the fees they fantasized about.
So these lenders are now junk companies.
Like being a casino and losing money.
So imagine if we founded a new faith — call it Ad-Free Christianity — where viewing advertisements was explicitly forbidden by our creed. We could carve out a space free from ads, a sanctuary for our hearts and minds to be cleansed.
Are you curious?
2/2
I’ve joked before that it would be wise to declare it against my religion to view advertisements. But the more I think about it, the more I see the advantages of this idea. When something is framed as a matter of religious conviction, people tend not to question it — they might even go out of their way to accommodate it.
1/
Like "buy now pay later" a layaway service targets low income customers. People who want to buy something but don't have the money all at once to do it.
I don't think "digital layaway" would be possible since a big part of why this service ever worked was the shopkeeper having your item up on the layaway shelf waiting for you.
Layaway also had predatory aspects, but it seems much less horrible than these modern services.
Do any companies offer "layaway" anymore? It seems almost quaint and responsible in the landscape of "pay in 4" (klarna afterpay et al) "buy now pay later"
Every day I become less and less of a fan up "unsupervised markets"
And I'm convinced some of this is just complicated just to get people to get bored and stop listening before they find out what might be wrong with it.
Are you confused about what is meant by "private equity" this is a really helpful video that explains the term including how it tends to be used most often (eg. for buyout firms)
That glaze has a delightful texture that makes me think of lichen.
Ever consider making a gaiwan?
Is there any credible evidence that cats are NOT a kind of goblin?
Explain to me why this doesn't count but the whole bubbles-n-chips situation is valid.
mmmm mmmm mmm now this is the stuff right here.
But the *service* being sold is ball receiving. You aren't selling the ball, you are selling the experience of taking the ball from someone one when they pass it.
Idea: Fill a basketball with a million dollars and with all the passes in a typical basketball game suddenly you have an amazing (green) GDP boosting engine!
Idea2: Simply calculate the value of every basketball pass that happens in the country based on a $30 valuation of the ball and add that to the GDP, do this for all sports.
Economics solved. You are welcome.
Listen if you just installed debian I'm certain whatever it is that's bothering you would stop.
“tunjav”
is “tunnel by Javits Center” that’s down in 11th ave
Linda Ronstadt sings “Willing” but it’s about bike messengers.
I’ve been from Tunjav to Third and Thirty,
Woodside to Woodlawn ave
rid every kind of frame that’s ever been made.
@Intaglio_Dragon
yes. and they are doing it again
Queen ants have a very distinctive waddle. If I can spot this waddle... I bet birds do too. I placed her near soft ground in leaf litter for safety. Very tempting to keep her, but I’m not ready for a new colony. Maybe in spring.