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Joined 2 years ago
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Cake day: June 11th, 2023

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  • Oh, it’s definitely far bigger than GDP. Not all financial activity factors into GDP but it’s all part of the general movement of money that factors into inflation.
    A lot of money is used for things that aren’t counted as “production”, like investments or used goods.
    More than half of the worlds trade is conducted in dollars and there’s even larger flows of money involved in foreign exchange on a daily basis.
    There’s just so much money churning around that reducing the supply by $300B isn’t a big dent, particularly when most of it’s already effectively out of circulation.

    The ~$200 a day figure is right from bls and tracks consumer spending, notably including housing costs.
    https://www.bls.gov/cex/.
    It’s about $100 a day if you remove housing and transportation. About $25 on food and $10 on “fun” a day, with $16 of that food being consumed groceries.


  • It would actually do next to nothing if the entire supply were vanished right now. There’s about $300 billion in pennies in circulation. Around $850 per American, or roughly four days of average individual consumer spending.
    The economy as a whole does on the order of 10s of trillions of dollars of activity a day.
    Eliminating every penny would be less than a 1% reduction in liquidity, and even smaller in terms of actual use.



  • I didn’t say that’s what you think, I said it’s a mistake you could be making. He had a particularly strong accent and it was something that coworkers commented on.
    I’m not trying to prove you wrong, I was offering an explanation for a different interpretation. If two people watch the same interview and one sees aggression and the other sees a perfectly normal interaction there’s probably a reason one of them sees it differently.


  • Well, to each their own. I think you might be mistaking a loud speaking voice and a strong queens accent for hostility. He’s smiling for most of it, answers the question in several lays of sophistication, connects it to other physical phenomenon and explains why it’s difficult to answer directly.
    I went back and watched it since it’s been quite a while and I didn’t recall hostility and I still don’t see it.






  • Well, there was nothing stopping anything from doing it before, they just didn’t know there was a desire for broadcast, or for the broadcaster to be uninterested in the connection of the listener.
    A lot of the protocol is about making sure that things are authenticated and private. You don’t want a second set of headphones connecting without your knowledge usually.
    This also lets you broadcast audio encrypted, without drowning out other radios, and keeps the listener from being able to do normal pairing tasks like “download contacts”.

    It’s obvious now, but that’s only after years of everyone walking around with small radio linked ear pieces.


  • The reason it exists primarily is so that music venues and museums and such can provide broadcast audio for accessibility and just in general without requiring people to use their janky headsets from the 80s. Once it exists and is actually in the hardware for the Bluetooth chips, the work to plug together a UI for it is relatively small for what looks like a big feature.

    It also has some pretty good power savings over actually pairing a device, since neither device is looking for return communication to any significant degree, and it’s geared for not giving the headphones device control in the way that a paired device gets.

    Overall it’s a good innovation, but not the most clear to market how you’ll use it every day.