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@cryptocellaris

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@cryptocellaris
my point is that there is a fundamental lack of buyers of these loans, because at scale it's just not a great investment type even if you repackage it by dividing the loans up to average out the variance, all you'll do is either create a complex low margin derivative financial product (because the hedges will destroy your margin on loans to an industry that can't afford to pay for expensive loans) or you'll create a financial product with immense correlated risk ( because it isn't hedged against the entire industry of contractors and developers all going bust in a housing crash) like the mortgage backed securities that all had correlated risk that caused the 2008 crash i'm not saying these financial derivatives can't be created, I'm saying they wouldn't be a very good investment and the smart money wouldn't buy enough ify them to make a big difference worth doing though, since small stuff adds up and it's a more pro social way of investing in real estate compared to buying REITs, which makes things worse
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@cryptocellaris
i guess I'm not sure what ponzus you're looking for
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@cryptocellaris
sure, but at that point we should talk policy ideas instead of just shouting meaningless slogans which is why I gave a specific example of the failure of central planning that devastated the environment, basically for no reason other than that bureaucracies are slow and inefficient there is no point in replacing governance leadership en masse without concrete novel policy ideas, since history shows that power vacuums are usually filled by the power hungry, not those who are going to govern in the interests of the evidence, or the masses, or anyone but themselves
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@cryptocellaris
new methods of financing construction are a GOOD IDEA, but the core problem is that construction as a business is high risk, low reward as a result of high project to project variance and a cutthroat bidding prices that drives margins extremely low which means your idea fundamentally will lack liquidity in a market full of investors maximizing investment return that's why financing is such major bottleneck to the industry, especially now with higher rates
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everyone knows sucking your own dick is more like sucking dick than getting a blowjob
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@cryptocellaris
i would settle for 'competent, fair, non reactionary'
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@cryptocellaris
if you want to know how a centrally planned economy treats the environment, you should read about how the Soviet Union created industrial fishing boats that killed whales en masse, harvested the oil only, dumped the carcass, and then let the oil rot because the quotas were artificially high because electric lighting was displacing oil lamps
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neither could Schwarzenegger so many great candidates we'll never see
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@cryptocellaris
we have a new bonding curve app here every other week???
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@cryptocellaris
this seems more like a cultural issue, not a mechanism issue it's an open secret that a lot of scientific funding in academia is basically retroactive, many apply for funding for work that's already started or even done but not yet published and use that funding to finish the last bit and start work on the next project then again, academia is also known for half baked software with no incentive to maintain 🤔
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man i remember taking to some guy at the clothing optional beach one time and he had this whole political worldview about radical nudism and how if we just abandoned shame it would lead to a complete reorganization of society don't think he's correct, but it was an interesting conversation he may have also been hitting on me
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ironically the commas appear to be used correctly in this cast
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RETVRN to middle ages the space is a modern invention few
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@cryptocellaris
how do we get a wwe wrestler on the donkey ticket
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obviously it's bleu.gay then
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sounds like an interesting discovery mechanic for music actually
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new bug who dis
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@cryptocellaris
if you have to ask it's not worth claiming
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TIL i have never casted
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BRUTAL ironically if they knew their own intellectual tradition they could have easily just given me something like Thomas Aquinas and it probably would have kept me busy, but god forbid you try and meet the kids where they are instead of just having them recite dogma and make paper boats to float animals on
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