Sure, or if your wallet gets stolen, or you forget your password.
But even if you can keep your holdings forever, they won't be worth anything if there isn't a market for them. All it takes is enough people freaking out and dumping their investments to make yours worthless too. You'll still own everything you bought but it could be worth zero.
Zero is vanishingly unlikely given that there’s at least a sizeable minority of people, myself included that believe that a form of digital money/value storage that cannot be taken from me without my cooperation and is outside the control of any state (and, ideally, private) is not only a right but unbelievably important.
If the VC backed token projects all fail, the gambling sites shut down, and the only way to trade it for real money is to swap cash in person (this is also how it started), it’s still important like Tor, strong encryption, open source.
The business case for crypto is an interesting aside, as it was/is for Linux, PGP, etc. The long run human and social case for the underlying tech (ignoring what happens to be flavour of the month for scammers) is what’s interesting.
>All it takes is enough people freaking out and dumping their investments to make yours worthless too. You'll still own everything you bought but it could be worth zero
> It's got nothing on Turning Red [1], though. $20M on a $175M budget. Whoof.
Turning Red was surely a hit on Disney+. Hard to see from the consumer side what the impact was, but disney+ is a money machine and the can easily double the price.
> ...but disney+ is a money machine and the can easily double the price.
The very same Disney Plus that lost 2.4M subscribers in Q1[0]?
That doesn't seem like "You could easily double the price" sort of performance. They still have plenty of subscribers, but they're not going "up and to the right" on the subscriber graph anymore.
It's hard to make the case that Disney is doing anything but "dropping flops on a public that doesn't want to see them."
If you dig into those numbers, they lost 3.8 million subscribers in India due to losing streaming rights for cricket matches.
I don't think that's a reasonable lens to be looking at how Disney's cartoon movies are doing.
I do think it might be worthwhile if you wanted to decide if Disney should have decided to keep the streaming rights, and whether the economics of that decision make sense.
"Disney’s Direct-to-Consumer revenue for the quarter rose 13%, to $5.3 billion, while its operating loss increased 78% to $1.05 billion"
...
"due to higher content and technology costs at Disney+ (with higher average costs per hour of programming, which included an increased mix of originals) as well as higher content costs and lower ad revenue at Hulu"
Crucially, Turning Red was _not_ released in theatres in most countries due to COVID-19. It may or may not have been a money loser, but there's very little reason to believe executives think it's anything about the movie that made it that way.
Yes, Turning Red's low revenue was primarily a cause of the film not being in theatres, rather than the quality of its story.
I personally liked the story of Turning Red very much (though I'm biased to like it because it's set in Toronto), but more objectively, the film is a step above Strange World and Lightyear in terms of ratings.
Turning Red's ratings: 95% on the Tomatometer of Rotten Tomatoes (RT), 7.0/10 on IMDb, and 3.7/5 on Letterboxd
Lightyear's ratings: 74% on RT, 6.1/10 on IMDb, 3.0/5 on Letterboxd
Strange World's ratings: 72% on RT, 5.6/10 on IMDb, 3.0/5 on Letterboxd
I'm neither Canadian nor an immigrant, but I absolutely loved Turning Red. I felt it was 10x better than Encanto. But the latter has catchy meme-worthy tunes, so here we are.
According to Wikipedia it did pretty well: ...the most-ever for a Disney+ original title... the most watched program across all streaming services in the U.S. ... continued to hold the top position ... the second most-watched movie on U.S. streaming services in 2022.
I don't know how it could've cost $175MM, but it's a quality movie and deserves kudos for giving us some diversity in protagonists.
Probably so, but while you are thinking of those details, a country that sends people to gulags and internment camps is collecting data at scale of important people, their families and the people that work around them.
I personally struggle understanding adults installing this app at all, and the fact that it targets mostly oblivious youngsters is pervasive.
Because it could just as easily be a scam in the other direction. Get paid for a legitimate service, have the payment reversed. The bank doesn't want to get involved - easier to treat Zelle payments as if you handed over cash.
It cuts both ways. What about the homeless person dying in the cold because he can't afford shelter due to sky high building requirements - is that included in the building code enforcement rules?
That's more due to exclusionary zoning than building codes. There is no reason why we couldn't build, for instance, a boarding house under modern building codes, which would create more affordable housing on the low end. The reason that doesn't get built is that the zoning doesn't allow it.
That's partially true, but it's really a combo of both. Things like dual staircase requirements, elevator size requirements, and sprinkler requirements make it extremely expensive to build any sort of housing.
A recent affordable building in SF cost over $1 million per unit. That's completely unsustainable.
> Things like dual staircase requirements, elevator size requirements, and sprinkler requirements make it extremely expensive to build any sort of housing.
And you want and need precisely that in a house with fluctuating occupants of which a high percentage will have some sort of mental health issue.
Cutting corners on boarding houses will lead to fire catastrophes.
> Cutting corners on boarding houses will lead to fire catastrophes.
Nobody denies this. The question is whether said fire catastrophes really claim more lives than homelessness and wintering on the street. (Obviously fire catastrophes are a bigger PR problem and get more media attention, but is that really the appropriate metric for human suffering?)
They don't, but fire catastrophes are one of the most gruesome ways to die - and worse, a fire can always spread around and endanger even more people. There are reasons why fire codes are among the oldest laws in humanity.
A good advice is to remember that in case of fire what kills people most of the times, is the smoke. Having extinguishers -and- breathing bottles could help. Maybe there is room for designing a new product that would act as two in one?.
Setback, minimum square footage, minimum parking are all part of “building codes”, and can be used to enforce zoning and restrict development without sounding as political as “zoning”.
Or just regular medium density housing, like say 4-story 8 unit buildings. The stuff that makes up the majority of the housing stock in most Western countries, but seems impossible to build in most of the US due to zoning.
> The reason that doesn't get built is that the zoning doesn't allow it.
The problem is not just zoning. A boarding house simply doesn't generate noticeable income compared to standard residential housing, and with exploding land prices it simply makes no sense financially to cater to poor people.
If only there were some sort of organization that didn't need make a profit and wasn't "run like a business". One that everyone gave money to, for the benefit of all society, to make things better all, but especially for the lowest on the totem pole. If only such an organization existed! It could be in charge of governing the people, and the people could choose who runs it with some sort of choosen-ing procedure.
That's not because of building codes. That's because of people who don't believe in helping their fellow man through, oh I don't know, paying taxes, supporting the welfare state, paying living wages etc.
Well, ok, since you started it - how much do you, personally, donate to homeless shelters and food banks? You have a lot of discretionary income to do so since your taxes are lower than you appear that you would like them to be.
These shouldn't be supported by charity, thus the welfare state. It should be a burden put on all tax payers so that help can be provided beyond just what I feel like donating to. That's literally the point of taxes, and arguing that they should be higher isn't negated just because I personally don't donate to charities. It should be society as a whole (while given a progressive tax rate).
Do you? If not, the SF Marin food bank would love your help! As little as a $20 one time donation would be appreciated. If you have an excess of time, in person volunteering is also deeply appreciated.
Spoiler alert: Unfortunately, no matter how much money or time you give to this organization, or similar, the ills of capitalism inflicted on the poorest residents in the area won't be solved.
I should not have to donate a single penny to a charity to end homelessness. The US is a rich as fuck country, and has every ability to end poverty, up to and including increasing taxes for well off people like me.
Am I really supposed to believe that we could build an entire cargo ship every 3 days out of 18 shipyards in 1942, but we somehow can't build a million simple and dirt cheap homes?
I don't think I've seen a case where the local government wants to build more housing but, gosh, they're just too expensive. It's usually NIMBYism or just general disinterest in a "non-sexy" political issue.
I think the earthquake is a standalone counter-argument to not wanting proper safety standards. Of the remaining buildings, how many are to be condemned as unsafe? I'm not sure what the homelessness problem is in Turkey, but I imagine it's now far worse.
> What about the homeless person dying in the cold because he can't afford shelter due to sky high building requirements - is that included in the building code enforcement rules?
That's ridiculous. There's a hundred different issues causing a homeless person to die on the street. Building code regulations are way down that fucking list of somewhat barely related causes.
