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Joined 1 year ago
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Cake day: July 7th, 2023

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  • You’re missing the fact that a flatscreen TV will still often represent - as a portion of someone’s wealth - a far greater cost than a private jet would to a billionaire. Consider that most low income people are getting their cell phones on payment plans, whereas a multimillionaire can afford to buy a Lamborghini Gellardo out of pocket. On top of that, high end purchases like cars, yachts, houses, fine art, etc, often retain a lot of their resale value, turning them into investments in many cases, often reselling for more than their purchase price. So yes, I absolutely did account for the tax exemptions on “essentials”, and even when you factor those your sales tax only model still ends up being less onerous the more wealthy someone is.

    I also want to call out the unspoken implication that is often present with these theories - not accusing you of doing this, but it needs to be said - that items like phones, computers and TVs are extraneous luxuries that no poor person should ever own, as if enjoying a fulfilling life or engaging in relaxation are things that only the wealthy should be allowed to have access to.


  • No

    An investment contract exists if there is an “investment of money in a common enterprise with a reasonable expectation of profits to be derived from the efforts of others.”

    And just to be absolutely clear, many cryptocurrencies do not qualify as investments, and the government agrees. However there are numerous other regulations that the crypto industry apparently cannot handle, such as “Know Your Client” laws, which all financial institutions have to abide by, and which exist to prevent money laundering (Binance’s internal emails revealed that they knew perfectly well that their clients were using their service to facilitate crime, and they were perfectly happy with that).

    These are not bad faith regulations. They exist for good reasons, and there is absolute no good reason why the crypto industry shouldn’t also be subject to them. If these are currencies they should be regulated like currencies. If they are investments they should be regulated like investments.


  • There wasn’t a need to “define a new regulatory framework that actually fits” because, funnily enough, the existing regulatory framework already fits. It turns out, inventing new words doesn’t actually change the fundamental nature of the thing you’re describing. Refusing to call something an “investment” doesn’t change the fact that you’re selling an investment, refusing to call something a “security” doesn’t prevent it from being a security if it meets the definition.

    Edit: Sorry, let me address that ridiculous point about Coinbase “asking for clarity” directly. Yes, Coinbase repeatedly “asked for clarity” in the same manner as a dude in a girl’s DMs repeatedly asking for nudes while being told in the bluntest of terms to fuck off. They were given perfectly clear answers, they just didn’t like them, so they kept claiming, with zero fucking basis, that these will laid out rules that every financial institution has been following for decades were somehow “unclear” to them. It was a conversation not unlike a Sovereign Citizen trying to get out of a speeding ticket by claiming that they don’t understand where the officer’s authority comes from. The law is prefectly clear. If you don’t understand the law, you hire a lawyer who does. That’s a cost of doing business. Sticking “smart” in front the of the word “contract” doesn’t suddenly invent a whole new field of law. I can’t suddenly get away with murder because I call it “crypto murder”. The law is based on what you do, not what you call it.




  • Companies release free products to bring people into their ecosystem. If your company is already using Workstation Player, and now they’re looking for a Type 1 hypervisor, it makes sense to seriously consider ESXi. The idea especially is that you get smaller companies hooked on your free products early and then as they grow they buy more of your stuff rather than reconfigure their whole setup. You also get IT enthusiasts and home users to adopt, which gets you name recognition and builds familiarity. Then in the workplace those same users look to your brand as one to trust.

    For VMware, the problem is that they recently made a huge volley of deeply anti-consumer moves - basically told all their small customers to fuck off, and told their big customers to prepare to get fucked - and it really did not go the way they’d hoped. Turns out when you’re competing in a space where KVM, Hyper-V and XCP all exist, it’s actually not that difficult for customers to leave. So they did.

    This won’t directly help their bottom line but it’s presumably a sacrifice play to salvage their brand somewhat. Turns out when you tell people to fuck off, they tend to do just that.



  • Voroxpete@sh.itjust.workstoMemes@lemmy.mlDeception
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    16 days ago

    So, it was worth Trump getting a second term in order for you to maintain your moral purity?

    Listen, fuck Harris and every other Dem who failed to condemn the war in Gaza, they all deserve to burn in hell for that.

    But did you really get what you wanted out of this?