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Joined 1 year ago
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Cake day: July 1st, 2023

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  • Indeed, some people are a lot more status oriented than others. Obviously not us because we’re on this fringe hippy nerd site.

    So one person might buy it for status, like GP’s step mom. While others buy it for the camera, and some others for the security, etc. Not to mention combinations of those features!

    I hope that here on Lemmy we can mostly avoid the “anti-others” attitudes that plague the other place.



  • jdeath@lemm.eetoTechnology@lemmy.worldListenBrainz passes 25k users!
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    11 months ago

    Oh that’s pretty cool! I agree about sharing playlists being way too difficult.

    I have been working on a solution for sharing playlists as part of my music sharing side-project Bongo. Right now you can technically do it but it doesn’t work very well. My algorithm looks for the closest match when finding a playlist but sometimes they aren’t exactly equivalent across different services.

    That’s probably confusing since I didn’t explain what Bongo does right now. You can take a link from Spotify/YouTube/Apple Music and Bongo makes a page with links to that media on all three of the services. The idea was to make it easier to share music with friends.

    You can check it out here: https://bongo.to

    Here’s an example of a shared song: https://bongo.to/?am=album%2Fback-on-74%2F1676151993%3Fi%3D1676152328










  • Perhaps also interesting is the fact that a loan never happens.

    Instead, a contract is sold. The contract is for an option to buy (or sell) 100 shares at a certain price (strike).

    So there is no loaning of shares, really. But the seller of an options contract has the obligation to sell (or buy) the shares at any time until the contract expiration date.

    Sometimes, market participants borrow the shares instead of owning them. This is what I consider the shady part. Certain participants get a long time to “locate” the shares and are given a lot of leeway to do so. Often in the name of liquidity, they will just sell contracts without even going through the trouble of borrowing shares. They are allowed to if they believe they can locate the shares later.

    This entire process allows for certain parties to basically create infinite shares from nothing. Believe it or not, this often gets abused. Money is basically siphoned from public companies in order to enrich Wall St.

    When the stock price moves too much, which would put the stock counterfeiters at risk of insolvency, trading is halted.