Message from @whiic
Discord ID: 545340353381924894
Yeah.
Whats wrong about that?
This is causing x problem? We ought to fix it
Value is subjective, bruh. Define "problem"
The car broke
Define "broke"
Stopped working in this context
You can logically go from ought to ought, but not is to ought.
```"What may at first occur on this head, is, that as nothing can be contrary to truth or reason, except what has a reference to it, and as the judgments of our understanding only have this reference, it must follow, that passions can be contrary to reason only so far as they are accompany'd with some judgment or opinion. According to this principle, which is so obvious and natural, `tis only in two senses, that any affection can be call'd unreasonable. First, When a passion, such as hope or fear, grief or joy, despair or security, is founded on the supposition or the existence of objects, which really do not exist. Secondly, When in exerting any passion in action, we chuse means insufficient for the design'd end, and deceive ourselves in our judgment of causes and effects. Where a passion is neither founded on false suppositions, nor chuses means insufficient for the end, the understanding can neither justify nor condemn it. `Tis not contrary to reason to prefer the destruction of the whole world to the scratching of my finger. `Tis not contrary to reason for me to chuse my total ruin, to prevent the least uneasiness of an Indian or person wholly unknown to me. `Tis as little contrary to reason to prefer even my own acknowledge'd lesser good to my greater, and have a more ardent affection for the former than the latter. A trivial good may, from certain circumstances, produce a desire superior to what arises from the greatest and most valuable enjoyment; nor is there any thing more extraordinary in this, than in mechanics to see one pound weight raise up a hundred by the advantage of its situation. In short, a passion must be accompany'd with some false judgment. in order to its being unreasonable; and even then `tis not the passion, properly speaking, which is unreasonable, but the judgment."
-David Hume.```
There are some specific scenarios you can go from is to ought, but generally not
I still don't understand the greed of venture capitalist. For example: Patreon has received around 100 million in investment from venture capitalist, and only recently has Patreon started to give proper returns (they provided transactions of 500 million dollars in previous years and expect to do 500 million dollars in 2019 alone - that's some serious exponential growth). Out of that 1 billion, their cut is 50 million, so for 2019 alone 25 million bucks and I would expect 2020 would be much larger than that if exponential growth would continue.
Yet, suddenly the venture capitalist want their money back ASAP and getting 25 million bucks per year out of 100 million investment is just not enough.
Banks are the Atlas of our economy
I'd **KILL** people for that interest rate.
Wealth has to be produced
The investors are probably going to crash Patreon, leading to investors going to lick their wounds when their excessive greed has pushed Patreon to a multi-channel network model that is highly unpopular.
Then other companies can take over
Economic power can only be held b voluntary means
Which is a good thing. I'm going to laugh when Patreon crashes. And the venture capitalists would also be at the suffering end.
Actually... maybe the venture capitalists aren't in the suffering end if they aren't basically purchasing a part of the company but just provide high-interest loans. Except of course if they drive Patreon to bankruptcy before they get their money out. And they'd get their money out if the granted extra time to pay it out, but since there's many loan givers, one choosing to extend it would only mean the other vultures would get their money and the ones extending might be left to lick their fingers.
I'm curious what sort of agreements those investors have come up with Patreon. And why did Patreon take so much money when they are just in transaction business, and most of marketing of Patreon has been done memetically by Patreon's customers (because otherwise they wouldn't get pledges). How did they waste so many millions of dollars?
Is it perhaps just lefty California hipsters not being, perhaps, the best people to handle money to begin with?
I dont know
Silicon valley is great though
Silicommie Valley
Venture capitalists are gamblers
Finally
They make investments on a large number of companies and expect one to pay off several times while all others produce a loss.
We did it gaymers
After it took plenty of persuasion from YouTubers with influence to get off their dumb asses
@Blackhawk342 to be fair, is that different than most R&D work?
Nah, R&D is kinda like playing hide and seek while the seeker is blindfolded
Any economists or people in finance here? Wondering if any of you have thoughts on the relatively new "Modern Monetary Theory" and the increasing US government debt relative to the relatively stable worth of the US dollar.
MMT is the economics of agenda 21
can anyone explain to me how it makes sense? I watched a couple videos about it, and it really seems like they're advocating for countries to just print money for their social programs.
It doesn't make sense. It's commie propaganda.
If you're not listening to Tom Woods regularly, *you're wrong.*