this post was submitted on 26 May 2025
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[–] [email protected] 98 points 2 weeks ago (3 children)

Have we forgotten about the Silicon Valley Bank crash already

[–] masterofn001 90 points 2 weeks ago

That was in part caused by peter thiel who called for a run on those banks.

Peter thiel is also the guy that wants these banks. That wants "freedom cities". That want to make sure you have zero freedom and privacy. That bank rolled JD Vance, and trump. And has explicitly stated his desires to destroy western society and financial order.

So....

Yeah, I remember.

[–] [email protected] 21 points 2 weeks ago

SVB loaded up on us treasuries right before covid, then fed raised the rate and they were sitting on ton of collateral that was now materially under water.

Daddy sam bailed them out and made all depositors whole, ie they paid in excess of what FDIC insures.

Depositors were obviously better people such as VC types and start ups....

Must be nice being in the club.

[–] wampus 5 points 1 week ago

SVB was intentionally crashed by tech bros like Peter Thiel, likely as a strategic move to lobby for change in the banking sector / to gain more access for tech companies. The bank operated in a risky space, with too high a concentration of tech bro customers. This left them exposed to Thiel and crowd going "Hey, look at the balance sheet, if we all withdrew our money at once we can pop this bank and trigger a discussion about banking regulations / reform!".

So, no one forgot, it's all part of the same larger plan really.

[–] [email protected] 44 points 2 weeks ago

Ladder kicking is really a good metaphor for many things that happened in the last 30 years.

Microsoft raises on interoperability and ergonomics and no bullshit, then starts making it so that nobody after it could.

Google raises on the web being open and interoperable and standard, then starts making it so that nobody after it could.

Facebook ... was always crap, but its initial advantage was being populated by real people and not bots, the same.

[–] [email protected] 40 points 2 weeks ago (1 children)

I'm so sick of Democrats helping fuck us over and pretending that we should be happy about it.

Instead of fighting this kind of shit tooth and nail the best they do is water it down and then send it to be passed.

Fucking maddening. Part of the fucking problem. Stop making deals and concessions to these fascist fucks.

[–] [email protected] 13 points 2 weeks ago

Thanks to the ancient fucking men being the ones ruling th Dem's, people like AOC will have to wait another like 30 years to have a chance :/ And then the Greens are just disguised russian bootlickers (Leader had dinner with Putin).

[–] [email protected] 29 points 2 weeks ago* (last edited 2 weeks ago)

Company Scrip

It's the same old grift.

[–] [email protected] 24 points 2 weeks ago (1 children)

They'll eventually have their own militaries.

[–] [email protected] 8 points 2 weeks ago (1 children)

Welcome to Cyberpunk then. Or GitS

[–] [email protected] 2 points 1 week ago (1 children)

GitS itself is cyberpunk, is it not?

[–] [email protected] 2 points 1 week ago* (last edited 1 week ago) (1 children)

Sure is, its the grandfather bascically.

Sorry was refering to Cyberpunk 2077 for the 1st one. This is what Happens when you Name your dann Game Like a whole genre.

[–] [email protected] 2 points 1 week ago

I know, I was just being snarky :)

[–] [email protected] 22 points 1 week ago

I fucking despise everything about capitalism, these fascist governments, and “big tech”.

[–] [email protected] 19 points 1 week ago

this is why i always pick luigi in super mario 2

[–] [email protected] 16 points 2 weeks ago

Hold on... didn't we already go through this grift with crypto already?

[–] [email protected] 14 points 2 weeks ago (1 children)

On the bright side you might be able to buy groceries with robux and vbucks soon

[–] [email protected] 16 points 2 weeks ago (1 children)

I can’t wait to buy fruit lootboxes where one in every 10 isn’t spoiled!

[–] [email protected] 1 points 1 week ago

Hey if you are around Palm springs to roughly Redlands you can already get that when my jobs packers fuck up.

[–] [email protected] 14 points 1 week ago

The fucking healthcare conglomerate (owned by UnitedHealth, yes that one) that bought up the majority of medical practices in my region just sent me a completely unsolicited debit or credit card.

They don’t provide my health insurance. They’re just who owns most of the doctors offices around here.

[–] [email protected] 8 points 1 week ago (2 children)

Everyone does. T-Mobile has their own credit card.

[–] [email protected] 5 points 1 week ago (1 children)

yeah but most of those are all just branded while being backed by synchrony or barclays

[–] [email protected] 1 points 1 week ago

Yeah but it’s a start and that scary.

[–] [email protected] 1 points 1 week ago (1 children)

T_mobile doesn't force its users to get their credit card, or force them to use it, or force them to enlist their friends and family to get one.

If Big Tech has their way, all of these things and Andy Rooney will be yours in less than 60 minutes.

[–] [email protected] 1 points 1 week ago

….yet. They all start somewhere. It just needs enough people to get caught in the net

[–] [email protected] 7 points 1 week ago (2 children)

Gee I hope people are working on truly decentralised open source alternatives.

Gifting cryptocurrency to the fascists and crypto bros has been a massive fumble from the left.

[–] [email protected] 10 points 1 week ago* (last edited 1 week ago) (1 children)

They can have it, crypto is shit at being an actual working currency.

[–] [email protected] 1 points 1 week ago* (last edited 1 week ago)

We can literally design entirely new mechanisms. Redefine money. Local exchange trading systems with local currencies, new monetary systems and elastic mechanisms that are compatible with open governance. Global mutual credit systems. Shift towards bottom-up. Anti-capitalist. Mutualism. The Agora. Now we get to do Elysium instead.

I assume by being an ‘actual working currency’ you’re talking about speed for instant payments which isn’t a hard problem.

[–] [email protected] 4 points 1 week ago (1 children)

there is zero legitimate use for crypto so it was always going to be for fascists

[–] [email protected] 1 points 1 week ago

Resisting the vc backed techno-fuedal global fascist network states is a pretty big one.

But there are plenty of use cases, many of which are already in use.

[–] [email protected] 2 points 1 week ago (1 children)

Pasty prick got so lucky he should bury his head somewhere and not see the lighting day again.

[–] [email protected] 1 points 1 week ago

Don't you like to smoke meats with your fake friends?