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Cake day: June 14th, 2023

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  • So, you’re saying for thousands of years nobody knows about Pluto. Then a handful of people suddenly start obsessively monitoring the night sky and enumerating every object they can see in a big journal. More and more of them start building bigger and bigger telescopes, blowing enormous sums of money on this seemingly pointless hobby. They’re spending the most productive years of their lives sleeping through day so they can wake up in the middle of the night and count celestial objects. And then you’re telling me Pluto caused Autism?

    I think you’ve placed the cart before the horse.









  • Leonid Kupriyanovich, a Moscow engineer, developed a series of experimental pocket-sized radios in the 1950s and 1960s:

    • In 1957, Kupriyanovich patented a wireless phone device that weighed about 3 kg.
    • In 1961, he presented a portable phone that weighed 70 grams and could fit in the palm of your hand.
    • Kupriyanovich’s radiotelephones shared a common base station, which we now call a cell tower.
    • Kupriyanovich’s “Altay” radio-based cell network was used by emergency services and remained popular after the fall of the Soviet Union.

    However, the Soviet bureaucracy prioritized using early cell phone research to develop car phones for the Soviet upper ranks instead of mass producing cell phones for the general public.

    https://psmag.com/features/cellphone-revolutionary-objects/





  • UnderpantsWeevil@lemmy.worldtoMemes@sopuli.xyzDiamond market
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    3 days ago

    https://en.wikipedia.org/wiki/Veblen_good

    A Veblen good is a type of luxury good, named after American economist Thorstein Veblen, for which the demand increases as the price increases, in apparent contradiction of the law of demand, resulting in an upward-sloping demand curve. The higher prices of Veblen goods may make them desirable as a status symbol in the practices of conspicuous consumption and conspicuous leisure. A product may be a Veblen good because it is a positional good, something few others can own.

    That said, part of the problem with lab-grown diamonds is that they’re not competing against a rare commodity. They’re competing against a powerful vertically integrated cartel. There isn’t any real diamond shortage, just a supply-side monopoly. There isn’t a natural high demand for diamonds, just a market saturated with aggressive advertising. There isn’t a wholesale diamond exchange judging the rocks objectively on their quality, just a series of elaborate marketing gimmicks and scammy sales goons trying to upsell you.

    Diamonds have always been a racket. The one blessing of manufactured diamonds is that they’re no longer a racket putting market pressure on industrial grade diamond equipment. But the jewelry exists to separate gullible superficial status-fixated people from their money. Ethics was never part of the equation.





  • That is their money.

    In 2022, 65% of people ages 65 to 74 had debt, up from 50% in 1989. In 2022, 53% of households headed by someone 75 or older had debt, compared to 32% in 1992.

    In fairness, this article is pure bait. It neglected the rising cost of living for people on fixed incomes and treats these draw downs on savings as a frivolity, rather than a consequence of inflation on senior care and medical needs.

    But liquidating household assets via instruments like reverse mortgages and loans against large savings accounts and pensions can mean saddling your children and grandchildren with big debts even after you’re gone.