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Google Glass was supposed to be a lot of things too. If the hardware ever gets to the point where it's the size/weight of regular glasses things will get interesting
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Oct 12, 2022 13:56
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| # ? Jun 6, 2024 16:28 |
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Like the Virtual Boy, concepts rushed to market early before they even understand what to do with them can be impressive in the moment but are quickly forgotten.
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Oct 12, 2022 13:58
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Meta will fail because Facebook’s target audience are boomers and your Nan, and it’s both too complicated and obviously marketing bullshit. If it has been simple and subtle it may have had a chance but when your imagined target demographic are locked into Microsoft products and your actual demographic like the iPad because it’s simple then you are just idiots for pushing this third rate Nintendo Wii sports knock off. This is football Twitter vs cryptobros sense of importance again. Your white nerd Twitter seems important if you are involved in it because your trending list and stream only show white nerd things but if you look at what’s going on globally the moment a sports ball player does something with a sports ball all the metrics go through the roof and make everything else seem tiny. This is why musk will lose money, all the thing on Twitter with massive engagement already have all the monetary stuff locked down already, with sports it’s usually betting firms, k-pop has it’s own thing and so on and there is very little left of the pie left.
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Oct 12, 2022 14:00
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quote:why yes all of my imaginary retirement money that the government encouraged me to do is in an sp500 vanguard index fund. Where else would it be quote:
quote:This quote from Warren Buffet explains it pretty succinctly. quote:Buffet is a loving idiot. quote:I'm going to invest all of my money into the stock market and then hope it goes down 100% because that is a great buying opportunity for hamburger meat quote:If stocks are not consumed like hamburgers then explain why they turn to poo poo. quote:Just in on the congressional stock trades: Nancy Pelosi bought 2000 shares of $NVDA in hopes that it goes down 24% so that she can buy more as a net saver quote:You're a loving idiot. Why would it ever be good for you to have something you invested in go down in price? Even if you aren't retiring for 20 years you still need the money to go up. quote:im going to make the worst possible investments so they drop into the negatives and loop back around to maximum money quote:Also, it's not really good so much as a wash, at least for people without a lot of extra income lying around. You're not benefitting all that much if you can't increase your buy-in during the down period. quote:
quote:I wish there wasnt a massive fuckin hit for taking any accumulated 401k money out because im definitely in the class who think due to climate change and collapse there won't really be a United States or digital financial markets by 2030. quote:My account is down 22% and I moved it to a cash fund because I don't want to lose anymore. Turns out you don't have to own stocks so you don't "have" to lose everything. quote:
quote:You should have been in a cash equivalent the whole time. The stock market is a pyramid scheme. Then you wouldn't be down 24%?????? Being Down 24% on the investment shoved down your throat is Bad and Not Good. quote:
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quote:simple trick... is the stocks ever going to be lower than now? if yes, do not buy, if no, then buy.. easy money quote:
quote:get yourself near somewhere with a spring or other relatively clear source of water, a lot of trees, and you'll be ok
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Oct 12, 2022 14:09
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man people are fuckin dumb
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Oct 12, 2022 14:13
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Holy poo poo. I've lurked this thread for years and that is really some of the most broke-brained number always has to go up horseshit I think I've ever seen regarding the like, most basic loving part of investing in the market. A Proper Uppercut fucked around with this message at 14:23 on Oct 12, 2022 |
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Oct 12, 2022 14:18
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njsykora posted:Carmack was telling people they needed to get over forcing Facebook accounts on the Quest and did his talk yesterday from his Horizon avatar. Carmack thinks whatever he’s told to think so long as the checks are clearing. Fair enough, I would agree with that being likely, too. But I assume the "spent too much money on this poo poo" quote wasn't in that category.
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Oct 12, 2022 14:37
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KYOON GRIFFEY JR posted:man people are fuckin dumb deep pocket dummies are the backbone of all great american scams.
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Oct 12, 2022 15:11
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Leon Trotsky 2012 posted:
This kind of neo-pastoralist fantasy is both laughable and sad. These people imagine that once everything has gone to poo poo they'll be able to live off the land as though farming, hunting, and maintaining a livable shelter isn't a tremendous amount of work that requires a lot of knowledge (that they clearly don't have). I guess they just want a fantasy where they have complete control, where there isn't any type of outside government or civilization that has any type of power over them. And they don't understand just how much power nature would have over them in this scenario, because they've never actually dealt with it in any significant way.
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Oct 12, 2022 15:15
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LanceHunter posted:This kind of neo-pastoralist fantasy is both laughable and sad. These people imagine that once everything has gone to poo poo they'll be able to live off the land as though farming, hunting, and maintaining a livable shelter isn't a tremendous amount of work that requires a lot of knowledge (that they clearly don't have). I guess they just want a fantasy where they have complete control, where there isn't any type of outside government or civilization that has any type of power over them. And they don't understand just how much power nature would have over them in this scenario, because they've never actually dealt with it in any significant way. I'd love to hand someone with one of those fantasies a knife and a dead deer and say "ok, get to work, let's see dinner happen." Even assuming that an animal just walks up to you and keels over from a massive heart attack, the vast majority of people living in the US today have zero idea how to even begin turning a carcass into food.
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Oct 12, 2022 15:19
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Duckman2008 posted:Virtual reality doesn’t really solve anything. This. Full stop. What does a vr workspace do for me. It has zero gains to virtually all sit in the same office spread out. So I can virtually walk to my bosses cube and talk to her cartoon avatar. I'll just use teams. I could see it useful for things like conferences but usually people want to go so they can network at the bar.
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Oct 12, 2022 15:31
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tater_salad posted:This. Full stop. VR is a gimmick, maybe good for gaming and porn but not much else. Even if it was very very high resolution, you'd never have the processors at that weight and form factor to make it look real. They totally jumped the shark trying to push it as the facebook consumer entrypoint. It's absolutely not something you want to use for extended sessions. Anyway, facebook has been having financial problems over all of this and it make sense, what doesn't make sense is why they thought it would work. It's musk levels of delusion.
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Oct 12, 2022 15:41
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Cyrano4747 posted:I'd love to hand someone with one of those fantasies a knife and a dead deer and say "ok, get to work, let's see dinner happen." I think too many of them just view it like a video game. "If I have the resources and the tools then I just press A to harvest and then press B to craft/cook. Bing bong so simple!" As our society has become more detached from agriculture, we've lost an important bit of cultural knowledge: The stories grandparents who grew up on farms would tell about the "bad year". The time when the crops failed (or there was a huge flood, or a drought, or a fire) and everyone nearly starved to death. Maybe great-grandpa went into the nearest city to beg for work or one of the grand-uncles got sent away fend for himself because there wasn't enough food (and he was never heard from again).
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Oct 12, 2022 15:42
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tater_salad posted:I could see it useful for things like conferences but usually people want to go to the bar. VR also has some niche use in training applications, but that’s been a thing since the 90s and has companies already serving those needs. Any attempt to push VR past gaming to any significant degree is wishful thinking at best and even gaming has largely wandered off at this point.
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Oct 12, 2022 15:43
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LanceHunter posted:This kind of neo-pastoralist fantasy is both laughable and sad. These people imagine that once everything has gone to poo poo they'll be able to live off the land as though farming, hunting, and maintaining a livable shelter isn't a tremendous amount of work that requires a lot of knowledge (that they clearly don't have). I guess they just want a fantasy where they have complete control, where there isn't any type of outside government or civilization that has any type of power over them. And they don't understand just how much power nature would have over them in this scenario, because they've never actually dealt with it in any significant way. Pretty sure that's a scene from fight club, another story that CHUDs tend to get incredibly wrong.
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Oct 12, 2022 15:49
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VR now is just a stupid gimmick but so was the internet and online shopping at some point. I can absolutely imagine uses for VR that are totally legitimate. Designing a building? Imagine showing that design in a VR environment (a good one..) Or taking kids on a tour of the solar system in VR? As the technology is now, yeah, it's kind of gimmicky but i don't see any reason why we won't have good quality VR 50 years in the future where it's the standard for certain things. Just... Not Miis sitting in a conference room.
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Oct 12, 2022 15:50
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totalnewbie posted:VR now is just a stupid gimmick but so was the internet and online shopping at some point. yeah but we're talking about right now. Zuck is a fuckwad and a scammer, gently caress him and his data grifts.
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Oct 12, 2022 15:56
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quote:not getting out when poo poo is very clearly melting down, as it does from time to time, basically guarantees you the worst outcome. i just think it's funny you're taught to have command over your finances but at the same time have to pretend you're literally blind to the economic situation in front of you, it's a volatile financial asset, not a nest egg, you may not realize it but it's a very uniquely american to think of stocks that way as if it's somehow a scientific fact and not a result of deliberate government action to make it so, also very funny and symptomatic that you explained it with hamburgers lmao quote:Your 401k is a funnel directly into the pockets of megacorps. Do not under any circumstances put money into it. Why would employers have to bribe you with "free" match money if it was so good for you? If you are optimistic and think that there will still be a country or global financial system in 5 years then just do bonds. Even that is a bad idea because bonds are down 17% too. quote:God drat employer matches are just such universal token garbage. Best one I ever had was 7% but it was also the lowest I was ever getting paid period. Most of the time when I've been getting paid decently the match would be like cleverly written out as "we do half of a 3% of your income match with a 4 year vestment" and its like just say 1.5% you dumb assholes and also no one is gonna get it because who works for companies for 4 years anymore. Only way to get raises is to move. quote:My suspicion is that all the long term investing boglehead wisdom stuff only makes sense as advice in the post ww2 paradigm of finance. And that worked out for people for a while, but of course it did - it was investing in the outcome of the imperial core during the height of its dominance and financial power. I don't know poo poo but it's really hard for me to imagine the 21st century replicating the conditions of the 20th. Of course that doesn't mean there's any better ideas besides shoving your money in an index fund until the US collapses, which is what I'm doing so idk. But investing maxims that worked out for the boomers are repeated and passed on as if they're settled scientific law and it just doesn't sit completely right with me. quote:I bought some shares of an index fund for the S&P 500 in January because I was tired of losing money in a stock market that kept going up and lol, woops. Shoulda just bought some beans. quote:Buy high and buy low. Much better than just buying low. quote:401k down 24.27% YTD, aww yeah quote:
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Oct 12, 2022 16:18
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the fourth quote is interesting and something I think about periodically, but I don't have a really better answer so  quote:My suspicion is that all the long term investing boglehead wisdom stuff only makes sense as advice in the post ww2 paradigm of finance. And that worked out for people for a while, but of course it did - it was investing in the outcome of the imperial core during the height of its dominance and financial power. I don't know poo poo but it's really hard for me to imagine the 21st century replicating the conditions of the 20th. Of course that doesn't mean there's any better ideas besides shoving your money in an index fund until the US collapses, which is what I'm doing so idk. But investing maxims that worked out for the boomers are repeated and passed on as if they're settled scientific law and it just doesn't sit completely right with me.
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Oct 12, 2022 16:43
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I saw a nice quote from techdirt about Fuckerburg being a piece of poo poo and covering all the Meta: https://www.techdirt.com/2022/10/12/employees-reveal-zuckerbergs-metaverse-vision-is-a-clunky-boring-ego-driven-mess/ Techdirt posted:Meta could still possibly succeed if it removed Zuckerberg’s ego (and possibly Zuckerberg himself) from the management equation, stopped using a man with the charisma of a damp walnut in absolutely all Metaverse marketing, and gained a little humility after the last few years of regulatory, political, and market headaches. But there’s scant evidence that any of that seems likely anytime soon.
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Oct 12, 2022 16:59
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KYOON GRIFFEY JR posted:the fourth quote is interesting and something I think about periodically, but I don't have a really better answer so Same. I tell myself it's fine because S&P companies are international these days, and if over the next 20-30 years somewhere else emerges as the dominant center of growth I should still benefit.
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Oct 12, 2022 17:03
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KYOON GRIFFEY JR posted:the fourth quote is interesting and something I think about periodically, but I don't have a really better answer so Even the 401k advisors who gave presentations to my workplace essentially said "hey, either this works out for you and you retire, or we're all eating beans that we found in the remnants of an old QFC." The smartest thing I know to do though is take advantage of the system I'm in, at least until a better one is presented to me. But hey, Mount Rainier may pop and make all my planning moot anyway soooooo
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Oct 12, 2022 17:08
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KYOON GRIFFEY JR posted:the fourth quote is interesting and something I think about periodically, but I don't have a really better answer so It’s very difficult to prep for systemic collapse from inside the system. I think a broad education (including some hard practical skills and good soft skills) is the best hedge - it’s perfectly portable, inseparable, and valuable under a wide range of conditions - but it’s arguably suboptimal for any specific conditions so preppers will usually prefer to bury cans of beans or whatever they think will work best in the specific apocalypse they envision
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Oct 12, 2022 17:24
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more of our glorious metaverse future for your posting enjoyment
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Oct 12, 2022 17:31
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I'm less worried about full on systemic collapse because you very much cannot prepare for that in a truly effective way and the steps that you can take are well outside normal retirement planning activities. I'm more worried about Japan-style stagnation or similar negative long term events that can occur within the system. But again, there's no way to forecast or react to those that I've found thus far!
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Oct 12, 2022 17:32
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If you're one of the people who gets violently ill just looking at vr what recourse do you have in that situation. It would really suck if I was forced to wear one of those for work, not that I think it likely nor do I have a job even but I'm just curious.
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Oct 12, 2022 17:33
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KYOON GRIFFEY JR posted:the fourth quote is interesting and something I think about periodically, but I don't have a really better answer so Yeah, people tend to underestimate the odds of very bad things happening. However, if you were invested in that same Vanguard index funds at the start of 2020, you had two years of loving incredible, gangbusters growth; I think 2020 was like 30%, and 2021 was like 40%. The hit this year definitely hurts, but doesn't come anywhere close to making up for the last couple of years.
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Oct 12, 2022 17:34
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KYOON GRIFFEY JR posted:the fourth quote is interesting and something I think about periodically, but I don't have a really better answer so Isn't this basically one of the arguments of "Capital in the 21st Century"? One of the general points is that population growth since the industrial revolution has juiced real returns in that period, and assuming population estimates for the 21st century are accurate real returns are likely to return to a more historical 5% instead of the 7-8% that people have gotten used to. That's not an argument against investing in equities though, it just may not be as lucrative as it has been.
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Oct 12, 2022 17:44
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There is some science to investment decisions, and I was involved in that world on and off for about 15 years. The index card that gets passed around here occasionally is a pretty decent approximation to the major takeaways unless you're willing to get really into the weeds with the math and the data.
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Oct 12, 2022 17:48
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Ham Equity posted:However, if you were invested in that same Vanguard index funds at the start of 2020, you had two years of loving incredible, gangbusters growth; I think 2020 was like 30%, and 2021 was like 40%. The hit this year definitely hurts, but doesn't come anywhere close to making up for the last couple of years. I'm not discounting your overall argument, but the S&P 500 is essentially flat from Thanksgiving 2020 (November 23, 2020 closed at 3577; we're at 3592 today). Inflation takes a bite from there.
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Oct 12, 2022 17:51
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Cassius Belli posted:I'm not discounting your overall argument, but the S&P 500 is essentially flat from Thanksgiving 2020 (November 23, 2020 closed at 3577; we're at 3592 today). Inflation takes a bite from there. intriguing that picking a different start date delivers a different result
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Oct 12, 2022 17:52
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hallo spacedog posted:If you're one of the people who gets violently ill just looking at vr what recourse do you have in that situation. Talk to EHS and/or mention the word “accommodation” to HR. If they have their legal/PR poo poo together , you’ll be pulled out of it in a heartbeat. If they don’t or if Zuck is that big of an overpowering force in the company, then best not to be there anyway. Though this brings up another advantage VRChat has over this garbage… it works without a VR headset too. Want to run around in a fantasy world as an anime fox lady or something but get sick with the headset? Use it as a desktop application instead on your normal monitor.
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Oct 12, 2022 17:54
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KYOON GRIFFEY JR posted:intriguing that picking a different start date delivers a different result If you dumped everything in at the start of 2020 you've done OK, but most people are not dumping in a lot of money all at once. Even if you did: Jan 2, 2020: S&P sits at 3257, meaning you make ~10.3% (and then take inflation off the top). Mar 23, 2020 is the very bottom; if you catch 2237 you're sitting very pretty still, but my basic point is that "this year has in fact erased a lot of the previous two"; I picked that date in November because it was the closest to "dead flat" I could find.
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Oct 12, 2022 18:02
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Cassius Belli posted:If you dumped everything in at the start of 2020 you've done OK, but most people are not dumping in a lot of money all at once. If you just started saving for retirement in 2020, then it doesn't really matter for you in the long run and is arguably good assuming that there is no societal collapse before you retire.
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Oct 12, 2022 18:22
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KYOON GRIFFEY JR posted:I'm less worried about full on systemic collapse because you very much cannot prepare for that in a truly effective way and the steps that you can take are well outside normal retirement planning activities. I'm more worried about Japan-style stagnation or similar negative long term events that can occur within the system. But again, there's no way to forecast or react to those that I've found thus far! I think you’ve got to rely on foreign revenue in the S&P 500 (29% in 2019 per Goldman) or foreign index funds. Absent an unknowable calamity I can’t imagine a scenario where there isn’t substantial economic growth in developing countries if for no other reason than the current bar is so low🤷🏻♂️.
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Oct 12, 2022 18:26
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Leon Trotsky 2012 posted:If you just started saving for retirement in 2020, then it doesn't really matter for you in the long run and is arguably good assuming that there is no societal collapse before you retire. Right, "not discounting your overall argument"...
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Oct 12, 2022 18:26
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Medullah posted:I was an early adopter with smart phones, used Palm Treos for a while before the iPhone. What I completely missed the prediction on tablets. I worked at Best Buy at the time and when we launched the iPad I laughed and told everyone "These are going to fall so hard. Who's going to spend the same amount you could buy a laptop for just to get a larger iPhone that can't even make calls" They're still making them, but tablets are a failed form factor, aren't they? I don't really see people rocking tablets outside of iPads and even those seem rarer but I could be wrong They may have had a niche at one point but then phones got good enough/ big enough where a tablet becomes completely redundant. I still see Samsung making yearly ones but rarely see anybody actually use one. For people who want to actually sit and work or engage with their content, laptops are superior in every way and it feels like everybody finally accepted this
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Oct 12, 2022 18:33
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Tablets aren't portable like phones, there are almost 0 reasons you would actually carry one around with you in place of a more-portable cell phone or a more-capable laptop for doing actual work. So naturally you barely see anyone using one out and about. But plenty of people still use them inside the home for loving around on the internet or watching tv/youtube or whatever. Or give them to young kids. Young people are increasingly less likely to own personal computers or non-work-related laptops, or even know how to type on a keyboard at all, since cell phones can "pretty much" do all they need. RPATDO_LAMD fucked around with this message at 18:52 on Oct 12, 2022 |
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Oct 12, 2022 18:49
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Tablets are great for (non-work) travel where you’re only consuming content, not creating it.
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Oct 12, 2022 18:56
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Why are all the meetings in metaverse advertised as “the same as your office, but Greg from Arizona’s avatar is there.” If we need to have a meeting, get some imaginative meeting spaces going. I want to talk through a +5bps improvement to operating efficiency in a supervillain’s lair under a volcano.
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Oct 12, 2022 18:59
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