Cas @Casuallynoted@casually.cat

Activision-Blizzard-King workers have opened a GFM for a strike fund that would allow them to go on strike, chip in if you can! https://www.gofundme.com/f/abk-strike-fund

Did you know that more than seventeen billion devices run Java? Join the Victims of Java Memorial Foundation

Discord calling its guilds "servers" is a really neat marketing trick and absolutely insidious because it screws with normal peoples' already bad understanding of what a "server" is, and erases the distinction between itself and decentralised services

Happy final night of Hannukah to all who celebrate!

Being a vampire must be terrible, because then I wouldn't be able to enjoy garlic bread.

I'm pubby

Me: money is fake

Them: yeah it's just paper that we ascribe value to

Me: no it's faker than that. Only 3 percent of USD exists as physical currency. The rest is just bank credit.

Them: right, so money is just numbers in bank accounts that the government creates from nothing

Me: no, it's faker than that. Most money is bank credit, created by private banks. Not the government, not the Fed, banks like Chase or Bank of America. They take zero dollars and turn that into a loan and debt. They decide who gets new money. Capitalists decide where new money is created and who it goes to. If the government paid back all government debt, there would be no more treasury bonds, and then if everybody paid off all their private debt, there would be no more money.

Them: wow, so most money is just credit corresponding to debt, and there's just a small amount of money they borrow from the federal reserve that was created by the government.

Me: no, it's faker than that. Since 2020 reserve requirements were abolished. Banks don't need to legally keep any money on hand or borrow money from the federal reserve or each other at all. They can just pay interest on every dollar they create to the federal reserve without borrowing from the Fed at all.

Them: oh. So money is REALLY fake.

Me: yeah. so if the government just paid off all of our student debt it wouldn't affect the money supply at all. It would do nothing to the economy other than release a huge debt burden. So let's do that.

It'd look something... like this!

Remember to take regular stretch breaks. [2020]

My first day at Bethesda, "Environmental storytelling can be so much more than a skeleton on a stripper pole"

*Todd Howard personally shoots me in the back of the head*

absolute lad