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Cake day: July 9th, 2023

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  • notabot@lemm.eeto196@lemmy.blahaj.zoneHouse rule
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    29 days ago

    Most people buy with a mortgage, so that is functionally exactly the situation they are in. Most property transactions are part of a chain, and if any link in that chain fails, the entire thing, which can be many links long, comes to a screeching halt and possibly collapses.


  • I enjoy reading dead tree books as much as anyone, and whilest the publisher/distributor can’t take it away, there are plenty of ways you can lose access to them. Fire and flood being the two obvious ones, whereas digital books can be backed up offsite. It’s also easier to carry many books when they’re digital compared to physical.

    For books I care about I try to get both a physical and a (drm free) digital copy for the best of both world.









  • Look, I’m not attacking them over this, as you rightly said, it has plenty of other drawbacks and concerns, I’m just emphasising that Google do have a large degree of influence over them. For instance, Chromium is dropping manifest v2 support, so Brave pretty much has to do the same. They’ve said that, as Chromium has a switch to keep it enabled until June (iirc) they’ve enabled that, but after Chromium drops manifest v2 the most they can do is try to support a subset of it as best they can. The Brave devs may not want to drop support, but Google have decreed it will be dropped, so they end up dropping it and having to put in extra work to keep even a subset working for some period of time.

    If Brave gets even a moderate market share, Google will continue to mess them around like this as they really don’t like people not seeing their adverts.

    Ultimately it’s software, so the Brave devs can do pretty much whatever they want, limited by the available time and money. Google’s influence extends to making that either easier or harder, it much the same way as they influence the Android ecosystem.



  • It’s a non-starter for me because I sync my notes, and sometimes a subset of my notes, to multiple devices and multiple programs. For instance, I might use Obsidian, Vim and tasks.md to access the same repository, with all the documents synced between my desktop and server, and a subset synced to my phone. I also have various scripts to capture data from other sources and write it out as markdown files. Trying to sync all of this to a database that is then further synced around seems overly complicated to say the least, and would basically just be using Trillium as a file store, which I’ve already got.

    I’ve also be burnt by various export/import systems either losing information or storing it in a incompatible way.





  • They may well be looking at how much the EU holds in Saudi assets, seeing those at potential risk of being seized and deciding tge write-down on dumping the bonds would be worth it. Long term, I don’t think it would have an effect on prices, but short term it may well do, depending on how concentrated their holdings are.

    From what I can see, normal trading volume in bonds is about 500% per year, or about 2% per day assuming 250 trading days per year. If the 130bn you mention is spread across all government bonds across the EU then it accounts for about 4% of the total, or about two days of normal trade. Dump all of that in one go and it’d definitely have a short term effect. If their holdings are more concentrated they could have an even bigger effect on the bonds they hold.

    Bonds tend to be issued on a regular basis, so even a short term drop in price could be timed to affect an auction. That has the twin effect of reducing the amount the government in question raises, and also tying them into effectively higher interest rates, potentially for decades to come.

    I’m no expert trader either, so I could be barking up the wrong tree, but I assume that they would have a clear expectation of the results before making that threat, and I can’t really see any other effects it could be expected to have.



  • The price moves with supply and demand on the secondary market. Normally, yes, that’ll tend to vary to balance yield with the prevailing interest rates, however, the threat seems to be to dump bonds onto the secondary market, presumably without a minimum price. The glut would mean buyers could purchase them below that balance price, giving them a better yield. This would have (at least) two knock on effects, firstly it would make it harder for governments yo raise funds through bond issues as they’d effectively be competing with the cheaper ‘dumped’ bonds and so would need to offer an equivalently high yield, and secondly may allow ‘undesirable’ governments or groups to amass significant amounts of European debt, which potentially gives them more political leverage than European governments might like.