this post was submitted on 07 Jan 2024
454 points (95.4% liked)
SNOOcalypse - document, discuss, and promote the downfall of Reddit.
1337 readers
1 users here now
SNOOcalypse is closing down. If you wish to talk about Reddit, check out [email protected], [email protected] and [email protected].
This community welcomes anyone who wants to see Reddit gone. Nuke the Snoo!
When sharing links, please also share an archived version of the target of your link.
Rules:
- Follow lemmy.ml's global rules and code of conduct.
- Keep it on-topic.
- Don't promote illegal stuff here.
- Don't be stupid, noisy, obnoxious or obtuse (S.N.O.O.)
- Have fun, and enjoy the popcorn! ๐ฟ
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
The value is in IP and eyeballs, not physical assets.
I get it, but like I said, that's ephemeral. Compare that to say Meta or alphabet with YouTube. They have distinct advantages in serving their content that prevents them from completely losing out. Then you've got Reddit, who pays hosts that could decide themselves to spin up a competing service pretty quickly and already isn't profitable due to those harsh hosting costs and isn't particularly stand out in its advertising business compared to those two.
Everything is ephemeral. Money is ephemeral, countries are ephemeral, etc. It's just we as a society decided that things have value. That's it.
Money and countries aren't "ephemeral", whatever you mean by that. Countries are large collections of individuals and groups united by common culture, language, geography, economies, religion, etc. They're as real as your family or friends group is, because they're based on voluntary association.
Money is "real" because governments accept it for payment of taxes. Taxes are not optional, thus businesses find it convenient to ask for payment in local currency. This creates a common medium of exchange as long as people have faith that the current government will survive.
So no, they don't just have value because "we decided" they do. We can't change our minds tomorrow and shift all the countries and money around because they are based on reality.
You literally just support my comment and contradict yourself, lol.