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lainy (lain@lain.com)'s status on Monday, 11-Mar-2024 23:04:27 JST lainy
what an idiot. If he had put $1 in a bank account at 2% interest he'd have 100,396,279,550,134,462,488,512,775,970,914,538,621,964,424,952,294,746,310,270,746,753,291,581,216,017,866,555,392.00 dollars. - :lazer_A: :lazer_N: :lazer_O: :lazer_N: :lazer_I: :lazer_c: :lazer_u: :lazer_s: likes this.
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:lazer_A: :lazer_N: :lazer_O: :lazer_N: :lazer_I: :lazer_c: :lazer_u: :lazer_s: (anonicus@shitposter.club)'s status on Tuesday, 12-Mar-2024 00:31:43 JST :lazer_A: :lazer_N: :lazer_O: :lazer_N: :lazer_I: :lazer_c: :lazer_u: :lazer_s:
@lain he used the liberal calculator lainy likes this. -
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feld (feld@bikeshed.party)'s status on Tuesday, 12-Mar-2024 00:53:38 JST feld
@lain "I want to destroy the billionaire class and I can't even comprehend compound interest" lainy likes this. -
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lainy (lain@lain.com)'s status on Tuesday, 12-Mar-2024 00:54:11 JST lainy
@NonPlayableClown they should have put it in rick and morty -
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NonPlayableClown (nonplayableclown@postnstuffds.lol)'s status on Tuesday, 12-Mar-2024 00:54:12 JST NonPlayableClown
I mean futurerama literally had an episode about it 🤣 -
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NonPlayableClown (nonplayableclown@postnstuffds.lol)'s status on Tuesday, 12-Mar-2024 00:55:36 JST NonPlayableClown
"Why was I taught math, which I never used, and not about taxes."
-Some big brain genius from facebook -
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feld (feld@bikeshed.party)'s status on Tuesday, 12-Mar-2024 00:55:36 JST feld
@NonPlayableClown @lain well, I don't use the pythagorean theory or integrals in my daily life so that's kind of a waste to teach kids unless they definitely have a career path that requires it lainy likes this. -
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steeznson (steeznson@glasgow.social)'s status on Tuesday, 12-Mar-2024 00:59:13 JST steeznson
@lain HG Wells' _The Sleeper Awakes_ basically has this premise. Protagonist is cryogenically frozen and awakens in the future to find a religion based around him and the enormous wealth generated by his compound interest.
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Aven (aven@shitposter.club)'s status on Tuesday, 12-Mar-2024 02:49:32 JST Aven
@lain I got curious and used a calculator and you're probably right. It returned
$nan
because the number was so big. If he invested the $1 with 2% annual interest for 8200 years (10% of the years in the tweet), he'd have
$33,220,674,635,271,203,749,460,101,460,068,681,101,232,405,760,063,115,849,057,159,813,791,744
Elon Musk has roughly
$200,000,000,000
>Why didn't my seeds grow?!?!
<Where did you plant them?
>They're in the seed packet in the drawer. Damn farmers are cheating! Tax them and give it to me!!!
You have to be educated to be this ignorant. This level of anger and ignorance are not a human's natural state. They probably also think the bank gives 2% interest out of the goodness of its heart while storing the deposited cash in a box until you come back for it. Any other belief would admit the legitimacy of capital.lainy likes this. -
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lainy (lain@lain.com)'s status on Tuesday, 12-Mar-2024 02:59:10 JST lainy
@aven yeah I put it into a calculator too. I wish there was an easy way to get it into everyone’s mind that the market isn’t a zero sum game, but the intuition seems too strong. -
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Aven (aven@shitposter.club)'s status on Tuesday, 12-Mar-2024 03:12:45 JST Aven
@lain It's a cult-religion, not an economic or scientific model. It doesn't require or desire itself to be consistent or factual. lainy likes this.