I think this is more a question of psychology. Human brains value consistency and smoothness. Imagine the world where there are 10 different desktop OSs using different file systems, formats, application engines, terminal syntaxes, etc, and having to move between them in personal or corporate settings. I think Microsoft just had the first mover advantage, and it stuck around by virtue of its ubiquity. New companies can try to come in with their new OSs, but people don't want to abandon all that they've invested into windows in the last decades. They die not because Microsoft buys them out to squash competition, but because people are resistant to change. This won't last forever, of course, Microsoft will inevitably go out of touch with consumers, just like RIM with blackberry, and some new player will come in and dominate. But it's hard to imagine dozens of OSs competing for market share
I think something interesting is that a lack of competition has made it virtually impossible to choose software that values your privacy. That's something really important to me, but I'm shit out of luck unless I want to roll Linux/Duck Duck Go, which I really won't be able to use for work.
@@CrispBaker because hes rich, and he runs a business with multiple employees, he should probably have a level of financial literacy, and give enough of a fuck about the us banking system to be aware of what happened here. The big scary takeaway is that this bank was doin all the same shit all the other big us banks do in terms of where they hold their money, the same sort of coordinated bank run at this time would likely destroy any us bank. Liquidity is low as bonds are heavily invested in by banks, and these bonds that they buy have gone down massively in price over the period that the FED has been raising interest rates. this means that all of the banks holding these bonds have a loss on their books currently, but if theyre able to let the bonds mature theyre back in black, maybe in the green even a little. However if a run occurs on one of these banks such as it did with silicon vally bank, and they do not have enough liquidity theyre going to be forced to sell bonds at a loss that wont be recovered, quickly leading to a downward spiral where a bank that was completely solvent becomes insolvent as it is forced to book massive losses to cover depositor withdrawals.
So I actually disagree with ragepope about FDIC securing all deposits but destiny comes off as either extremely bad faith or simply ignorant in this discussion. He comes in with and tries to push so many preconceived notions in this case that simply aren’t true. And he keeps sticking to a framework regarding that simply isn’t applicable to this case.
The funny thing is that he's literally a rich dude himself and there's no way he's done research into the solvency of the bank he puts money into Every so often you're reminded that he's just some dumb streamer and this was one of those times
well anti-competitive monopolization violates federal antitrust law (which is bad), and the current system incentivizes selling out ideas to the highest interested bidder, which directly goes against the idea of competition. If 1 company is de-incentivizing people from being competitors by massively incentivizing, then you don't have the means to innovate on something in new ways-- you only serve to improve the existing technology which doesn't exactly inspire radically new and inventive ways of approaching these ideas. You could argue these companies seeking to be bought out are technically "innovating" on existing technologies, but in the spirit of integration as opposed to competition-- which in turn prevents any revolutionary innovations in a technological field since innovating in new ways that are wildly different/incompatible with the status quo can be easily stamped out by brand recognition/market share dominance, or a fat check. Really isn't that hard to follow the train of logic there
@@TurntReynolds You're reiterating the point I mentioned. Nothing you said can be substantiated. It's all hearsay, but Ragepope can point to innovation in the tech sector. Bing's new bid for AI powered search could revolutionize search results and not sharing market dominance doesn't mean there isn't a state of competition in the market. The fact of the matter is google isn't needed for Almost anything else Alphabet offers, but it's such a good search engine it did outcompete and still outcompetes all other players. "1 company is de-incentivizing people from being competitors by massively incentivizing, then you don't have the means to innovate on something in new ways-- you only serve to improve the existing technology which doesn't exactly inspire radically new and inventive ways of approaching these ideas." This statement makes no sense. Incentivizing a company to sell out doesn't stop said company from competing with the existing market players; it just means that they will not be the one to continue the tech. Also, if anything it makes it more easy for innovation since you now have a dramatically lower risk thresholds for capitalizing on your idea. Rather than having to fight to share space with Facebook all you need to do is prove the concept works and you'll be able to cash out on the idea. It's safer; faster; and a clearer path to success. There's no reason an Open AI company can't create tech that is revolutionary and then sell to the highest bidder.
@@Benbones99 Government action against uncompetitive markets that hurt consumers is consistent with being a capitalist. The part I'm not convinced of is whether Google's vertical integration, for example, is actually harmful to consumers.
@@Benbones99 in what world are capitalists completely apposed to government intervention in markets? you dont think anti trust, consumer laws, or even shit like the fda is supported by capitalists? or are you so brain dead that any government intervention in markets is instantly socialist or communist.
Ragepope is that dude that thinks he knows everything, but actually knows nothing, acts like he does, gets mad when he is proven wrong, and will never back down even when proven wrong. One of the worst orbiters.
@Jb-du5xt one needs to only listen to Ragepope in any discussion, and you find that he just makes stuff up all the time. Idk if it's just stuff he heard in passing, and thinks that means he can talk about it, or what. The dude thinks he has authority over tons of topics, when he doesn't.
May or may not happen how can ragepope say that i think everyone is aware of the damage done to the mobile repair buisnesses through apples repair policies
@@Benbones99 oh ok thats why he was dodging every second question and when pushed on it, he makes up something which is ALMOST impossible or highly unlikely just to stand his ground
@@vaclavmajer5488 He wasn’t dodging anything, this is how the conversation would go. Destiny: Monopoly bad RP: why? D: anticompetitive RP: if there’s no competitors it’s because theyre making good product D: but thats anticompetitive RP: that’s not necessarily bad because they’re still making a good product D: but competitors means better product RP: there’s no proof D: there’s no proof for your position either …….. like what?? Destiny’s position is shit.
If the common person invests in the total stock market or S&P 500 they will own the largest tech companies and if those companies get bigger the common person benefits
Destiny is becoming worse at debating by the day. He really should stop focusing all his mental energy on the stupid games he plays and spend more time researching and becoming a better interlocutor.
Damn, I didn’t know Destiny was this economic illiterate. No wonder he’s a Biden fan, jeez. Destiny: Monopoly bad RP: why? D: anticompetitive RP: that’s because they make good product D: but thats anticompetitive RP: ok?
@@Johnjackjackrage pope is an idiot. What makes you think that arbitrarily deciding what is and isn’t a monopoly and then breaking up the company based on that is always going to result in more innovation??
Destinys face when he is told facebook is dieing after being so bullish on their stock is priceless.
Except it isn't. It's another ragepope bullshit special
Hes massively up on that investment now wtf
BRO THE MIC QUALITY
It's incomprehensible, but it's Ragepope so...
Are you in a bathtub ?
Ragepope haters decided to rise for this one ig
AKA sane people
Bro sounds like he’s calling into a talk radio show from the ranch Lmaooo
I think this is more a question of psychology. Human brains value consistency and smoothness. Imagine the world where there are 10 different desktop OSs using different file systems, formats, application engines, terminal syntaxes, etc, and having to move between them in personal or corporate settings. I think Microsoft just had the first mover advantage, and it stuck around by virtue of its ubiquity. New companies can try to come in with their new OSs, but people don't want to abandon all that they've invested into windows in the last decades. They die not because Microsoft buys them out to squash competition, but because people are resistant to change. This won't last forever, of course, Microsoft will inevitably go out of touch with consumers, just like RIM with blackberry, and some new player will come in and dominate. But it's hard to imagine dozens of OSs competing for market share
Ragecuck coping hard
Also most banks don’t have the majority of their depositor over the 250k insurance cap.
If you pause the video, the ticker will go backwards. Try it!
I'm shorting the Melina DGGX stock.
I think something interesting is that a lack of competition has made it virtually impossible to choose software that values your privacy. That's something really important to me, but I'm shit out of luck unless I want to roll Linux/Duck Duck Go, which I really won't be able to use for work.
I might be wrong but even duck duck go went against user privacy not long time ago. I can be wrong, your point is still right
I'm surprised Destiny doesn't know anything about this.
Well it's not like he can bang a bank and put in on his stream afterwards, what's the incentive here
@@CrispBaker because hes rich, and he runs a business with multiple employees, he should probably have a level of financial literacy, and give enough of a fuck about the us banking system to be aware of what happened here. The big scary takeaway is that this bank was doin all the same shit all the other big us banks do in terms of where they hold their money, the same sort of coordinated bank run at this time would likely destroy any us bank. Liquidity is low as bonds are heavily invested in by banks, and these bonds that they buy have gone down massively in price over the period that the FED has been raising interest rates. this means that all of the banks holding these bonds have a loss on their books currently, but if theyre able to let the bonds mature theyre back in black, maybe in the green even a little. However if a run occurs on one of these banks such as it did with silicon vally bank, and they do not have enough liquidity theyre going to be forced to sell bonds at a loss that wont be recovered, quickly leading to a downward spiral where a bank that was completely solvent becomes insolvent as it is forced to book massive losses to cover depositor withdrawals.
@@CrispBaker He just hasn't met a crazy blonde bank that is super smart and in-ter-est-ing yet.
I like Ragepope's voice
what did the apple guy say later?
So I actually disagree with ragepope about FDIC securing all deposits but destiny comes off as either extremely bad faith or simply ignorant in this discussion. He comes in with and tries to push so many preconceived notions in this case that simply aren’t true. And he keeps sticking to a framework regarding that simply isn’t applicable to this case.
The funny thing is that he's literally a rich dude himself and there's no way he's done research into the solvency of the bank he puts money into
Every so often you're reminded that he's just some dumb streamer and this was one of those times
@@CrispBaker Dumb streamer who seems to have a rich daddy who probably seeded him a 10 million dollar fund to manage.
It sounds fine. Wtf do you mean?
Destiny is dumb.
I could hear him perfectly the first minute of the video and then the rest was just mumbly nonsense.
Pisco supremacy. Rage pope conversations suck.
Destiny had no argument. He just said monopolies bad and there could be innovation.
well anti-competitive monopolization violates federal antitrust law (which is bad), and the current system incentivizes selling out ideas to the highest interested bidder, which directly goes against the idea of competition. If 1 company is de-incentivizing people from being competitors by massively incentivizing, then you don't have the means to innovate on something in new ways-- you only serve to improve the existing technology which doesn't exactly inspire radically new and inventive ways of approaching these ideas. You could argue these companies seeking to be bought out are technically "innovating" on existing technologies, but in the spirit of integration as opposed to competition-- which in turn prevents any revolutionary innovations in a technological field since innovating in new ways that are wildly different/incompatible with the status quo can be easily stamped out by brand recognition/market share dominance, or a fat check.
Really isn't that hard to follow the train of logic there
@@TurntReynolds You're reiterating the point I mentioned. Nothing you said can be substantiated. It's all hearsay, but Ragepope can point to innovation in the tech sector. Bing's new bid for AI powered search could revolutionize search results and not sharing market dominance doesn't mean there isn't a state of competition in the market. The fact of the matter is google isn't needed for Almost anything else Alphabet offers, but it's such a good search engine it did outcompete and still outcompetes all other players.
"1 company is de-incentivizing people from being competitors by massively incentivizing, then you don't have the means to innovate on something in new ways-- you only serve to improve the existing technology which doesn't exactly inspire radically new and inventive ways of approaching these ideas." This statement makes no sense. Incentivizing a company to sell out doesn't stop said company from competing with the existing market players; it just means that they will not be the one to continue the tech. Also, if anything it makes it more easy for innovation since you now have a dramatically lower risk thresholds for capitalizing on your idea. Rather than having to fight to share space with Facebook all you need to do is prove the concept works and you'll be able to cash out on the idea. It's safer; faster; and a clearer path to success. There's no reason an Open AI company can't create tech that is revolutionary and then sell to the highest bidder.
It was so hard to listen to. He’s claiming to be a capitalist by advocating for *the government* to intervene in the economy… like what??
@@Benbones99 Government action against uncompetitive markets that hurt consumers is consistent with being a capitalist. The part I'm not convinced of is whether Google's vertical integration, for example, is actually harmful to consumers.
@@Benbones99 in what world are capitalists completely apposed to government intervention in markets? you dont think anti trust, consumer laws, or even shit like the fda is supported by capitalists? or are you so brain dead that any government intervention in markets is instantly socialist or communist.
You typod ecomoboi in the title brother
Thumbnail got me crying 😭 😂😂
why would d buy facebook?
Is Bane the newest orbiter?
Ragepope is that dude that thinks he knows everything, but actually knows nothing, acts like he does, gets mad when he is proven wrong, and will never back down even when proven wrong. One of the worst orbiters.
True
Pisco is better. Pisco supremacy
Did that happen once during this discussion? It seem pretty clear Destiny didn’t actually know anything about the case at hand.
What makes you say that?
@Jb-du5xt one needs to only listen to Ragepope in any discussion, and you find that he just makes stuff up all the time. Idk if it's just stuff he heard in passing, and thinks that means he can talk about it, or what. The dude thinks he has authority over tons of topics, when he doesn't.
the fucking mic issues in the beginning LOL
Is he in his walls? wtf is this mic quality lol
Lpope
LMFAO SOUNDED LIKE A BEE BUZZING COMING THROUGH A MIC
Antitrust is cool.
May or may not happen how can ragepope say that i think everyone is aware of the damage done to the mobile repair buisnesses through apples repair policies
ragepope is male version of kelly
He’s right on the monopoly thing. He made Destiny sound like Richard Wolff.
@@Benbones99 oh ok thats why he was dodging every second question and when pushed on it, he makes up something which is ALMOST impossible or highly unlikely just to stand his ground
@@vaclavmajer5488 ?? What question did he dodge??
@@Benbones99 oh man...i will rewatch it today to give you the exact quotes...i saw it live
@@vaclavmajer5488 He wasn’t dodging anything, this is how the conversation would go.
Destiny: Monopoly bad
RP: why?
D: anticompetitive
RP: if there’s no competitors it’s because theyre making good product
D: but thats anticompetitive
RP: that’s not necessarily bad because they’re still making a good product
D: but competitors means better product
RP: there’s no proof
D: there’s no proof for your position either
…….. like what?? Destiny’s position is shit.
Its roku. They were tapping into their deposits
I’m glad that bailout happened. The banking system works long as people trust it. Institutions need protecting.
Socialism is bad
WECONOBOI
Lmao this dude said Facebook bought instagram to compete with TikTok. The anti social loser self report could not be any clearer.
"we don't have as many software companies" lol ever wonder why? Definitely not because the big boys buy, shelf, use, those small companies, nope.
If the common person invests in the total stock market or S&P 500 they will own the largest tech companies and if those companies get bigger the common person benefits
Destiny is becoming worse at debating by the day. He really should stop focusing all his mental energy on the stupid games he plays and spend more time researching and becoming a better interlocutor.
Damn, I didn’t know Destiny was this economic illiterate. No wonder he’s a Biden fan, jeez.
Destiny: Monopoly bad
RP: why?
D: anticompetitive
RP: that’s because they make good product
D: but thats anticompetitive
RP: ok?
You do understand that monopolies are terrible for a healthy economy right
@@Johnjackjack no
@@Benbones99 alright I see why you like ragepope
@@Johnjackjackrage pope is an idiot. What makes you think that arbitrarily deciding what is and isn’t a monopoly and then breaking up the company based on that is always going to result in more innovation??