#market

anonymiss@despora.de

This #Child Made $30K #Rugging a #Solana #Meme Coin— Then #Crypto Degens Got #Revenge

Source: https://decrypt.co/292594/this-child-made-30k-rugging-a-solana-meme-coin-then-crypto-degens-got-revenge

But as the token hit a $1 million market cap, the #kid promptly sold and dumped his bag, resulting in the token’s price falling 54% in a matter of seconds. This has been defined as a rug pull by on-chain data visualization company, Bubblemaps.

...

After the rug, the kid created another token called I’m Sorry (SORRY), which hit a $4.5 #million market cap after he sold at the $400,000 level for just over $13,000. Then another token based on his dog (LUCY) hit a $3.8 million #market cap, after he split his supply, selling around $20,300 worth when the token was around a $700,000 market cap.

It's a mad world burning money...💰 🔥

#internet #marketing #news #cryptocurrency #finance #money #economy #fail #token

schreibhexemonalisa@pod.geraspora.de

Am 05. Oktober findet für dieses Jahr der letzte Regionalmarkt in Lauterbach statt und ich bin wieder mit Pflanzen sowie Saatgut dabei! 🪴🍀🙋‍♀️

Le 5 octobre, le dernier marché régional de l'année aura lieu à Lauterbach et je serai à nouveau présent avec des plantes et des semences ! 🪴🍀🙋‍♀️

On 5 October, the last regional market of the year will take place in Lauterbach and I will be there again with plants and seeds! 🪴🍀🙋‍♀️

#Saatgut #Kräuter #selbstgezogenePflanzen #DiebsteinerGärtchen #Markt #Verschiedenes #Lauterbach #Vogelsberg #Deutschland @Follower
#seeds #herbs #home-grownplants #market #various #Lauterbach #Vogelsberg #Germany
#Semences #herbes #plantes_cultivées_par_soi-même #Marché #Divers #Lauterbach #Vogelsberg #Allemagne

108madhuri@nerdpol.ch

#Buskers on the #Market

photos of the usual suspects
we also have a duo that plays classical Spanish guitar
the occasional local singer songwriters
and the rockers who built their own instruments
but today there was newbie, an unassuming middle aged man in a baseball cap sitting on the shady side of the street playing the most exquisite flamenco music, wow. no photo

kuchinster@rusx.org

Smashing idea: how East Germany invented ‘unbreakable’ drinking glasses

One factor that may have hindered Superfest’s competitiveness in a unified Germany was its functionalist, austere look. Especially in southern parts of the country, drinkers like to swig their beer from glasses decorated with gold edging or engraved coats of arms. “Baroque decoration on a Superfest glass wouldn’t work,” says Höhne. “It would violate the design itself.”

But the main reason for its decline, paradoxically, was its strength. Glass retailers who play by the rules of the market live off the fact that their products break, so they can sell more. A glass that didn’t break was a threat to profits. “It turned out that Superfest is not suited for the market,” says Höhne. “The glasses are too good for pure market thinking.”

https://www.theguardian.com/artanddesign/article/2024/aug/06/superfest-unbreakable-drinking-glasses-east-germany

#DDR #germany #design #engineering #capitalism is #fail #market #history

anonymiss@despora.de

Would #AI - Enabled #Communism Work?

source: https://www.project-syndicate.org/commentary/ai-central-planning-versus-decentralization-by-daron-acemoglu-2023-06

In the United States, these costs include rising #monopolization of the tech sector, because control of data creates entry barriers, and the development of #business models based on constant online engagement and individualized digital ads, which breed emotional outrage, #extremism, and echo chambers online, with damaging effects for democratic participation.

#politics #democracy #future #technology #problem #economy #market #online #internet #news

anonymiss@despora.de

How #music lost its #value

Source: https://www.fastcompany.com/91159227/how-music-lost-its-value-eminem-documentary-cds-90s-napster

My reunion with those old CDs came to an end far more quickly than the #CD business’s rapid deterioration. We got sick of them after a while and bought a device that somehow connected our phones to the car’s sound system through its cigarette lighter portal. For the second time in my life, CDs became #obsolete and #technology marched forward.

#news #song #finance #market #economy

anonymiss@despora.de

How our #financial #system works and the #redistribution

An investor suddenly appeared in a small Spanish town and rented a huge warehouse. He then announced that he would pay €10 for every cat that was brought to him. The inhabitants could hardly believe their ears, as the town was full of wild cats, but some went on the hunt and brought cats. They received their money. Word spread quickly and the warehouse was half full of cats. After a while, there were hardly any cats left in the village. Then the investor announced that from now on he would pay €20 per every additional cat. People hunted in the surrounding area and in neighboring villages and they received their money. There were hardly any cats left in the whole area except in the warehouse, which was well stocked. Now the investor has announced that each additional cat would be worth €50 to him from now on. However, he would now travel to the capital for his business and his managing director would look after the warehouse. When he returned in a week’s time, he would pay for all the cats. No sooner said than done. As soon as the investor had left, the manager told the people that they could buy cats from the warehouse for €45. They could then sell them back to the investor later for €50. People scraped together all their savings and some even went into debt. Everyone bought as many cats as they could. The more cats you owned, the higher the expected profit. Within a few days, the warehouse was completely empty and the managing director had made a handsome sum. Now everyone was waiting for the investor to return. But he never came and the managing director had also disappeared. You will have guessed it by now, the investor never returned and the entire region had to suffer under a heavy burden of debt from then on.

This is exactly how the #stock #market works.


#money #economy #capitalism #profit #wisdom #story #problem #future #fail

anonymiss@despora.de

#Business users of IT strongly condemn #market behaviour of #Broadcom and urge the European Commission to take appropriat action

source: https://voice-ev.org/wp-content/uploads/2024/04/Broadcom-4asso-letter-to-European-Commission-President.pdf

In the context of the VMware takeover and the change in business #strategy, Broadcom's contempt and brutality towards its #customers are unprecedented in the recent history of the #digital #economy in #Europe.

#EU #help #news #capitalism #software #customer #politics

brainwavelost@nerdpol.ch

Excerpts from the Special Article

How does this stuff (below) tie together? You have to read the article!

#Words no longer need to have #objective meanings in this #market. Everything is about ‘ #attention’, however achieved. True or false. That’s what the advertisers wanted. Words could mean what those in #power say they mean. The ‘ #truth’ behind the #narrative became irrelevant.

What mattered was the force of a narrative, now divorced from meaning, to compel a singularity of messaging, and to demand that #belief in the new order be reflected, not just in #compliance, but in #assimilation of the messaging into personal conduct in life. Critical thinking was disallowed as denoting an enemy; a threat to be crushed.