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Do you think your life would be better if everyone had two families? Like, You have two sets of parents/siblings/spouses/children/housing/etc and you swap between them on a regular basis. Everything else stays the same (you only attend one school/workplace, for example). It's a complex system but since it's routine assume there isn't much difficulty in maintaining your schedule of swapping back amd forth. (Aka deranged idea I had after staying up to five in the morning but I'm curious if anyone would stand to gain from it)

Yes, my life would be better

No, my life would be about the same

No, my life would be worse actually

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i just can't convey the frustration and sorrow that it's been to grow up at first without the internet and then watching it bloom into this useful, fun, connecting force you sometimes spent time on, only for it to degrade into this constant oppressive waste of time and energy where people are constantly pumping out algorithmically designed content for max algorithmic appeal and even the most simple search generates either no results or an infinite abyss of ai generated slop none of which is usable or correct. we briefly had a library of alexandria and then fed it into a paper shredder so advertisers could sell a random mash of pulp back to us at a premium.

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My biggest pot of jam yet

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My only piece of advice to girls and young women is that you have to become financially independent no matter what it takes. Do whatever you need to do to become financially independent in this world and don’t ever let it go for anybody.

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sound off everyone what’s the worst texture. just in anything. for me it’s ground beef not even a question

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Yeah look there's a whole lot to unpack here: the Democrats' baffling desire to hand Trump policy wins, the effect of a bunch of government-approved stablecoins on tax collection and money laundering detection and labour regulation, big systemic stuff like the impact on the environment and on the supply of computer components. I don't really have enough expertise to write a big long post on any of that. But I can immediately tell that this legislation (you can read the draft here) is absolutely going to make the next financial crisis so much worse and so much more expensive for the government.

The way these stablecoins work, notionally, is that they're backed one-to-one with money or money equivalents, and so you can always go to the issuer with one token and leave with exactly one dollar. In the past, this system has generally failed because there wasn't a big pile of dollars sitting somewhere backing the whole scheme, and when people found it the whole thing collapsed. Now with this legislation, in theory, there's a monthly very official audit to ensure that you really do have at least as many dollars or dollar equivalents as you have stablecoins, which should mitigate this problem.

The remaining issue is that whole "dollars or dollars equivalents" part. If you literally needed to have a stack of physical bills in a safe somewhere, stablecoins would not really work logistically. So instead, this legislation lets the issuer use money, Federal Reserve deposits, short-term US Treasury bonds, and a category of short term loans called repo loans, which are heavily collateralized by very safe assets like US Treasury bonds. The issuer can also use money market funds based off of these assets. In normal market conditions these things are completely safe and hold exactly the value you'd expect! And so if everything is going perfectly smoothly the net effect of the stablecoin is taking the value of a bunch of illiquid assets and turning them into easily transactable money. Hopefully those last two sentences have contained enough caveats that you can see where I'm going with this.

It's worth noting that the repo loan market can seize up for no reason sometimes. Like, in September 2019, the economy was mostly going smoothly, but repo loans ran into difficulties for reasons that are still totally unclear. When it's a bunch of financial institutions using the repo market for short-term lending, that's not a huge problem, because speedy Fed intervention can keep the crunch from spilling out into the real economy, and in a short-term market like this the Fed will get paid back quickly.

On the other hand, if a stablecoin provider suddenly can't cover all of its obligations because it can't easily unload repo loans for cash, suddenly a bunch of transactions are all tied up, and the stablecoin could fail. And once the stablecoin starts failing, a whole lot of people can't access money that's just evaporated, and there's no way for the stablecoin to really recover its dollar peg once people lose confidence. Without a bailout, a ton of people lose their money, even more people lose confidence in the overall crypto-infested financial system, and you have a depe recession.

So in crisis times (or in mysterious market crunch event times that don't even feel like a crisis in the real world) this legislation creates a new category of too-big-to-fail financial institutions. The value they provide to the economy (slightly more liquidity, I guess? consumer access to the repo market) is fairly minimal, and all the gains will be captured by the issuer. And when the crisis hits, the government will need to bail out depositors, which further socializes losses and privatizes gains.

(Incidentally, some Democrats have called for this kind of legislation to be paired with a ban on bailouts to stablecoin issuers. This is honestly so embarrassing. In the depths of a financial crisis, if a bunch of transactions got tied up in a stablecoin that couldn't pay out, the government would immediately pass new legislation to make everyone whole, and everyone knows it.)

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Saw this on my way to dinner with a friend last night and had to stop in my tracks to take it in

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Capitalism does not breed innovation.

Tech gatekeepers have escaped so many investigations and consequences from breeches of trust.

The People need to make a change.

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99% of people who never measure anything and just blindly accept furniture into their homes give up just before the piece of furniture that perfectly addresses their issue and fits like a glove into their space comes into their life! Keep accepting free things from your friends!!

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thanks to the wonder of advertisements I just saw a recipe for a "savory s'more" that consisted of a deep fried potato "graham cracker" with a grilled steak "chocolate" and caramelized onion "marshmallow."

I didn't think it was possible for anyone to miss the point more than GBBO but here we are.

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Contractors are finished with my house for now. They came back and installed a dishwasher and put in this new pantry closet. I was a little sad that it couldn't be bigger and was like "how much can really fit in there," when it was empty, but the answer is "actually quite a lot."

Now that it's full up, I'm rearranging the kitchen cabinets, because this pantry has emptied out 2.5 of them and this is letting me rearrange everything.

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all of the plums have been picked

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did chikorita ever end up decreasing the increase or was that another of bidens failed promises