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Joined 2 years ago
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Cake day: June 9th, 2023

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  • Holy crap do I really need to use the /s behind the first comment. I thought it was so bloody obvious, that it did not need to happen. The idea to walk around town, scan people sneakers and if they are legit Nike call them fascists. To me that idea is just so insane that it is funny.

    At the same time, there are companies, which are worse and it is worth boycotting them. If you do so, then stand by that and do not buy some fakes. Seriously imagine trying to convince some guy that Nike sucks, while wearing full fake Nike gear. That is again a funny idea to me.








  • The further in the future profits are, the less they are worth today. As in getting $1000 today is better, then getting a promise of being paid $1000 in a decade. After all if you got the $1000 today you could have invested it and got a return on it. So lets say you know you can get a return of a rate of 5%. The $1000 today invested over a decade would be $1000 * 1.0510 = $1628.89 in a decade. You can also use it the other way around, to estimate what the $1000 is worth in the future. As in X * 1.0510 = $1000 -> X =$613.91 That rate of return is called the discount rate.

    The issue with getting money in 50 years is that it ends up being nearly nothing today. So it is just a horrible idea.