#soylent | Logs for 2022-05-11
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[00:01:04] <requerdanos> peaking inflation, inflation doesn't mean prices going down. just means they keep going up at an ever so slightly slower but still inflated rate.
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[00:16:54] <ted-ious> https://www.snopes.com
[00:16:55] <systemd> ^ 03Why Is There a Baby Formula Shortage?
[00:17:23] <ted-ious> Snopes isn't about to tell us the whole truth but they give enough of the game away in this case.
[00:19:13] <ted-ious> This is probably because of the contamination recall and abbot nutrition corp trying to turn the fiasco into a sales opportunity by creating panic buying.
[00:23:33] <requerdanos> it's possible abbot is doing it on purpose, but a simpler explanation is that they merely screwed up.
[00:24:36] <requerdanos> What you are suggesting is that the following is a good, intentional plan: "Hey! Let's make babies sick to incite a recall and panic buying!"
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[00:50:01] <fliptop> Damn
[00:50:04] <fliptop> https://soylentnews.org
[00:50:06] <systemd> ^ 03SoylentNews Comments | Musk Buying Twitter Is Not About Freedom of Speech ( https://soylentnews.org )
[00:50:21] <fliptop> Looks like they forgot the </sarc> tag
[01:01:00] <ted-ious> requerdanos: If you read what I said again you'll see that I said that they tried to turn the fiasco into a sales opportunity.
[01:01:08] <ted-ious> That implies the accident happened first.
[01:01:29] <requerdanos> fair enough.
[01:02:00] <ted-ious> So rather than apologize to the public they flipped the script and started panic buying.
[01:53:31] <Runaway1956> https://bestnewshere.com
[01:53:31] <systemd> ^ 032000 MULES BY DINESH D’SOUZA DOCUMENTARY
[01:58:43] <Runaway1956> I don't understand a baby formula shortage either.
[01:58:55] <Runaway1956> Do women no longer come equipped with mammary glands?
[02:03:35] <ted-ious> I presume there's some reason mothers don't nurse or can't do it all the time.
[02:04:23] <ted-ious> Maybe the same reasons breast pumping and freezing milk are so common now?
[02:04:40] <Runaway1956> My own presumption is, 24/7 advertising influences a lot of women to purchase products that they have no need for.
[02:04:52] <Runaway1956> Witness the cosmetics industry, for an example.
[02:16:14] <Bender> [SoylentNews] - After Losing Contact With its Helicopter, NASA Put the Entire Mars Mission on Hold for 24 Hours - https://sylnt.us - could-this-be-the-end-of-our-plucky-hero?-Tune-in-next-week!
[02:23:52] <ted-ious> No there are definitely large numbers of mothers who are feeding their infants formula.
[02:25:02] <ted-ious> Probably the advertising has convinced them that formula is better for some reason.
[02:25:20] <ted-ious> But the truth is that stuff is mostly sugar from what I've heard.
[02:25:47] <ted-ious> Maybe that's why so many kids are turning out to be juvenile diabetics.
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[04:55:33] <Bender> [SoylentNews] - Clearview AI Agrees to Limits in Court Settlement - https://sylnt.us - about-face
[05:34:14] <FatPhil> #weather
[05:34:15] <MrPlow> Raekoja plats, 10146 Tallinn, Estonia - Today: "Rain in the morning." 57/44F, Humidity: 70%, Precip: 82%, Wind ~15mph. Thu: "Light rain in the morning and afternoon." 52/42F, Humidity: 84%, Precip: 88%, Wind ~14mph. Fri: "Partly cloudy throughout the day." 55/42F, Humidity: 74%, Precip: 4%, Wind ~13mph.
[06:37:49] <FatPhil> https://www.tradingview.com
[06:37:50] <systemd> ^ 03LUNAUSDT Charts and Quotes — TradingView
[06:43:50] <FatPhil> remove the T obviously, for the value in pretend money rather than fake money.
[06:55:32] <inz> it's only 58% down, it can only go down 42 more %, buy buy buy!
[06:56:14] <inz> make it 60-40
[06:56:24] <inz> I'm too slow, it's going down so fast :)
[07:15:25] <FatPhil> there's a fine line between buy buy! and bye-bye!
[07:21:51] <AzumaHazuki> is bitcoin finally crashing :v
[07:21:53] <FatPhil> This was the 7th biggest crypto in the world at one point. As measured by made-up-units.
[07:22:44] <FatPhil> AzumaHazuki: nearly - the fund that they use to prop up LUNA required dumping a whole load of BTC yesterday, and they might have to do that again.
[07:23:10] <FatPhil> They were propping up LUNA because TERRA lost its peg.
[07:23:22] <AzumaHazuki> hah, good. i hope these smarmy crypto-bros lose their ugly hipster shirts
[07:23:26] <FatPhil> basically, someone let go of one of the bootstraps that was holding everything up
[07:24:52] <FatPhil> Unfortunately, when you check the correlations between NASDAQ and BTC, you'll see >0.9 correlation - which means that the value of both of them is unrelated to anything physical and meaningful anymore.
[07:25:51] <AzumaHazuki> hah...yeah they're both just rich assholes' playthings now
[07:26:11] <AzumaHazuki> time for someone to light the NYSE on fire, preferably with the heads of several major banks inside
[07:46:25] <Bender> [SoylentNews] - Newly Discovered Lake May Hold Secret to Antarctic Ice Sheet’s Rise and Fall - https://sylnt.us - ice-skating-on-a-frozen-lake
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[10:25:23] <Bender> [SoylentNews] - Western Digital Announces 22 TB and 26 TB Hard Drives - https://sylnt.us
[11:19:35] <FatPhil> inz: https://preview.redd.it
[11:24:55] <inz> I don't really get the point
[11:32:40] <FatPhil> luna was the one that was $80 yesterday, UST is the thing that lost the $1 peg. They're just predicting Luna will reach $1 before UST does.
[11:34:57] <inz> That's very likely the case, it's not like UST is making any progress.
[11:35:02] <inz> That's where the joke is lost on me.
[11:36:28] <inz> To me they seem more likely to race for 0
[11:47:11] <FatPhil> There was a similar stablecoin crash last year, TITAN/IRON IIRC, that was trading for 0.000... before long. It is the ultimate resting place for Dunning-Krugerands.
[11:49:00] <FatPhil> chatting with a friend elsewhere who's completely sure that the crypto he hodls, and wants to buy more of, and which lost 50% of its value yesterday, is a *completely* different beast.
[11:49:22] <inz> Dunn-dunn-dunning-Krueger
[11:50:07] <inz> Of course it is, because it's his.
[12:18:45] <FatPhil> he's saving for a deposit on a house...
[12:18:56] <FatPhil> I'm trying to tell him he isn't.
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[13:17:01] <Bender> [SoylentNews] - Uber CEO Vows to be ‘Hardcore About Costs,’ Slow Down Hiring in Memo to Employees - https://sylnt.us
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[15:56:46] <Bender> [SoylentNews] - Stealthy Raspberry Robin Worm is Spreading Windows Malware Via USB Drives - https://sylnt.us - how-is-this-still-a-thing?
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[17:45:35] <requerdanos> FatPhil++ Dunning-Krugerands
[17:45:35] <Bender> karma - fatphil: 175
[17:46:55] <FatPhil> I can't take credit, I'm not sure where I got the phrase.
[17:47:22] <FatPhil> I'm not sure who it would be, I don't know many pundits who are anti-crypto.
[17:47:35] <FatPhil> It doesn't sound like Peter Schiff, but it might be.
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[18:48:57] <Bender> [SoylentNews] - China Announces its New Flagship Space Telescope Mission - https://sylnt.us - my-sights-adjusted-and-my-telescope-aimed
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[21:36:19] <Bender> [SoylentNews] - The Dutch Tax Authority Was Felled by AI - https://sylnt.us - Ministry-of-Information