Why We Should Treat Our Data As (Valuable) Property

Many years ago, I created my first email address before logging into the internet. It was a simple AOL account. I didn’t give it much thought. I didn’t think I was creating anything valuable. At the time, the internet was limited to slow, clunky dial-up that had little to offer in terms of content. I doubt anyone saw what they were doing as creating something of great value.

I still have that email address today in case you’re wondering. I still regularly use it. I imagine a lot of people have an email address they created years ago for one of those early internet companies that used to dominate a very different digital world. They may not even see that address or those early internet experiences as valuable.

Times have changed and not just in terms of pandemics. In fact, times tends to change more rapidly in the digital world than it does in the real world. The data we created on the internet, even in those early days, became much more valuable over time. It served as the foundation on which multi-billion dollar companies were built.

As a result, the data an individual user imparts onto the internet has a great deal of value. You could even argue that the cumulative data of large volumes of internet users is among the most valuable data in the world.

Politicians, police, the military, big businesses, advertising agencies, marketing experts, economists, doctors, and researchers all have use for this data. Many go to great lengths to get it, sometimes through questionable means.

The growing value of this data raises some important questions.

Who exactly owns this data?

How do we go about treating it from a legal, fiscal, and logistical standpoint?

Is this data a form of tangible property, like land, money, or labor?

Is this something we can exchange, trade, or lease?

What is someone’s recourse if they want certain aspects of their data removed, changed, or deleted?

These are all difficult questions that don’t have easy answers. It’s getting to a point where ownership of data was an issue among candidates running for President of the United States. Chances are, as our collective data becomes more vital for major industries, the issue will only grow in importance.

At the moment, it’s difficult to determine how this issue will evolve. In the same way I had no idea how valuable that first email address would be, nobody can possibly know how the internet, society, the economy, and institutions who rely on that data will evolve. The best solution in the near term might not be the same as the best solution in the long term.

Personally, I believe that our data, which includes our email addresses, browsing habits, purchasing habits, and social media posts, should be treated as personal property. Like money, jewels, or land, it has tangible value. We should treat it as such and so should the companies that rely on it.

However, I also understand that there are complications associated with this approach. Unlike money, data isn’t something you can hold in your hand. You can’t easily hand it over to another person, nor can you claim complete ownership of it. To some extent, the data you create on the internet was done with the assistance of the sites you use and your internet service provider.

Those companies could claim some level of ownership of your data. It might even be written in the fine print of those user agreements that nobody ever reads. It’s hard to entirely argue against such a claim. After all, we couldn’t create any of this data without the aid of companies like Verizon, AT&T, Amazon, Apple, Facebook, and Google. At the same time, these companies couldn’t function, let alone profit, without our data.

It’s a difficult question to resolve. It only gets more difficult when you consider laws like the “right to be forgotten.” Many joke that the internet never forgets, but it’s no laughing matter. Peoples’ lives can be ruined, sometimes through no fault of their own. Peoples’ private photos have been hacked and shared without their permission.

In that case, your data does not at all function like property. Even if it’s yours, you can’t always control it or what someone else does with it. You can try to take control of it, but it won’t always work. Even data that was hacked and distributed illegally is still out there and there’s nothing you can do about it.

Despite those complications, I still believe that our data is still the individual’s property to some extent, regardless of what the user agreements of tech companies claim. Those companies provide the tools, but we’re the ones who use them to build something. In the same way a company that makes hammers doesn’t own the buildings they’re used to make, these companies act as the catalyst and not the byproduct.

Protecting our data, both from theft and from exploitation, is every bit as critical as protecting our homes. An intruder into our homes can do a lot of damage. In our increasingly connected world, a nefarious hacker or an unscrupulous tech company can do plenty of damage as well.

However, there’s one more critical reason why I believe individuals need to take ownership of their data. It has less to do with legal jargon and more to do with trends in technology. At some point, we will interact with the internet in ways more intimate than a keyboard and mouse. The technology behind a brain/computer interface is still in its infancy, but it exists and not just on paper.

Between companies like Neuralink and the increasing popularity of augmented reality, the way we interact with technology is bound to get more intimate/invasive. Clicks and link sharing are valuable today. Tomorrow, it could be complex thoughts and feelings. Whoever owns that stands to have a more comprehensive knowledge of the user.

I know it’s common refrain to say that knowledge is power, but when the knowledge goes beyond just our browsing and shopping habits, it’s not an unreasonable statement. As we build more and more of our lives around digital activities, our identities will become more tied to that data. No matter how large or small that portion might be, we’ll want to own it as much as we can.

It only gets more critical if we get to a point where we can fully digitize our minds, as envisioned in shows like “Altered Carbon.” At some point, our bodies are going to break down. We cannot preserve it indefinitely for the same reason we can’t preserve a piece of pizza indefinitely. However, the data that makes up our minds could be salvaged, but that opens the door to many more implications.

While that kind of technology is a long way off, I worry that if we don’t take ownership of our data today, then it’ll only get harder to do so in the future. Even before the internet, information about who we are and what we do was valuable.

This information forms a big part of our identity. If we don’t own that, then what’s to stop someone else from owning us and exploiting that to the utmost? It’s a question that has mostly distressing answers. I still don’t know how we go about staking our claim on our data, but it’s an issue worth confronting. The longerwe put it off, the harder it will get.

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Why Starlink Is The Next Step In The Evolution Of The Internet

Say what you will about Elon Musk. Believe me, a lot can be said about a Tony Stark wannabe whose wealth is on par with Jeff Bezos. Not all of it is flattering, either. I know I’ve expressed a strong appreciation for him in the past. I genuinely believe some of the technology he’s working on will change the world.

I don’t deny that he can be eccentric.

I also don’t deny he says dumb things, often on Twitter.

The man has his faults, but thinking small isn’t one of them. You don’t get to be as rich or successful as Elon Musk by being careful. You also don’t create world-changing technology by being short-sighted. Love him or hate him, Musk has changed the world. He’ll likely change it even more in the coming years.

Some of those changes are years away. A product like Neuralink is probably not going to become mainstream in this decade. However, there is one that’s likely to change the world a lot sooner. In fact, it’s already up and running to some extent. It’s just in the beta phase. Some people can already use it and it’s already proving its worth.

That technology is called Starlink and I believe this will change the internet in a profound way.

Now, you can be forgiven for not keeping up with all of Elon Musk’s elaborate ventures. This one isn’t quite as sexy as brain implants or rockets, but it’s every bit as groundbreaking. If you value internet speeds that don’t suck or lag, then it should be of great interest.

In essence, Starlink is the name and brand of a new satellite-based internet service provider that Musk is creating through his other ambitious venture, SpaceX. The goal is simple on paper, but resource intensive. Instead of the messy network of ground-based hardware that most providers use to deliver the internet to hour homes and businesses, Starlink will deliver it from space.

It’s actually not a new idea or product, for that matter. Satellite based internet service has been around for years. In terms of speeds and utility, though, it just sucks. At most, you’d be lucky to get speeds on par with old school 3G wireless. For some people, that’s better than nothing. For most, it’s not nearly enough to maximize the full power of the internet.

Starlink is hoping to change that. Instead of expensive satellites with high latency and limited bandwidth, these new brand of low-Earth satellites promise to deliver on speeds at or greater than the best 4G internet providers.

On top of that, you don’t need the same elaborate infrastructure and or cell towers to deliver it. You just need a constellation of satellites, a receiver no larger than a pizza box, and a clear view of the sky. If you have all that, you can get the full breadth of the internet. It doesn’t matter if you’re in the middle of the desert or at the top of the Empire State Building. It’s there for you to access.

Make no mistake. That’s a big deal for the 3.8 billion people in the world who don’t have internet access. Whether due to lack of infrastructure or funds, it’s just not an option for them. It’s not just underdeveloped third-world countries either. Even here in America, there are large swaths of the country that have little to no reliable internet access.

It’s a big factor in the ongoing divide between rural and urban areas. If you live in a small rural community full of good, honest, hard-working people, they’re still going to struggle if they don’t have reliable internet. They’ll struggle economically, socially, and financially. To date, the efforts to expand the internet to their communities has been lackluster at best.

I can personally attest how bad it is. A few years back, I drove through a very rural part of West Virginia. For a good chunk of that drive, there was pretty much no reliable internet, be it Wi-Fi or cell phone coverage. The people there didn’t hide their frustration and I certainly sympathized with them.

There are many reasons for this, not all of which is because of how awful cable companies can be. A bit part of that has to do with the tools we use to access the internet. As good as they are for urban areas, they don’t work on a global level. It’s one thing to wire a big, advanced city like New York with fiber optics. It’s quite another to wire an entire planet.

Starlink promises to change that. These satellites aren’t bound by those logistics. They just orbit overhead without us even realizing it. They’re small and easy to mass produce. They can be taken out of orbit easily and replaced with better models. In principle, they could easily deliver the same high level gigabit speeds that are currently at the top of the market.

In terms of opening the internet to the rest of the world, that’s a big deal.

In terms of disrupting the market for delivering the internet, that’s an even bigger deal.

That’s because, to date, the world wide web has struggled to be truly world-wide. When nearly half the world can’t access it, then you can’t truly call it a global network. With Starlink, the internet can become truly global. People in rural India can have access to the same internet speeds as people in downtown Los Angeles. That promises to open up the world up in ways we can’t predict.

It’ll also provide some badly needed competition to internet delivery. For most people in America, you don’t have much choice when it comes to internet service. Cable companies basically have a monopoly on the whole enterprise, which is a big reason why it’s so expensive compared to other countries. Starlink will be the first real competition they’ve had in years for many areas.

I don’t doubt those companies will complain, whine, and lobby, but they’re not going to stop something like Starlink. They’re also not going to muscle out someone like Elon Musk. You don’t become the world’s richest person by being a push-over. Musk has already made clear that Starlink is a big part of his business model for the future.

At the moment, Starlink is still in beta, but Musk himself proves the technology works. He even used it to send a tweet. There are people right now who are testing it and they can confirm its speeds are way better than the crappy DSL internet of yesteryear. Many others have also expressed a keen interest in buying into this service.

At the moment, it’s still expensive. It costs $99 a month to access Starlink and it also costs $500 to buy the necessary antenna to receive it. However, that’s not a whole lot more than what I pay for internet in a month. Once it’s refined, that cost will come down.

Remember, there are over 3 billion people in the world without internet who have no options to access it. Starlink could be their only option and it could be a damn good one. It could be the key to the rest of the world becoming truly connected. That has big implications for society, commerce, and governments. Some countries are already making Starlink illegal for its people to access. Don’t expect that to stop it, though.

The promise of fast, reliable internet at all corners of the globe is too enticing for too many people. It will both connect the world and make Elon Musk even richer. However, for a man who connected the world and pissed off cable companies, I’d say he’ll have earned it.

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New Comic Book Day February 3, 2021: My Pull List And Pick Of The Week

We all have bad days every now and then. Even if you’re rich, beautiful, and successful by every measure, you’re going to have days when you feel like an army of evil spirits has been kicking your ass since you woke up. There’s no escaping it. It’s just part of life.

Even if it can’t be avoided, it’s still within our control on how we deal with it. Some people cope better than others. Some do so in ways that are downright unhealthy. If it involves alcohol, yelling, or punching something, then chances are it does more harm than good.

For me, comics have proven to be effective in dealing with life’s inevitable rigors. Going all the way back to high school, in which bad days were fairly common, reading comics really helped me endure and push forward. They weren’t just an escape. They reminded me that even people with superpowers can have crappy days.

Given the events of the past year, we’ve all had plenty of days like that. Our coping skills have been tested more than usual. If they’re effective, then you’ve only come to appreciate them even more. That’s how I feel about comics. Since this year began, they’ve helped me navigate plenty of rough days.

I encourage everyone to develop and refine their methods for coping bad days. I also encourage comic fans to incorporate comics into those methods. To that end, here’s my pull list and pick for the week. Enjoy! Better days are indeed coming.


My Pull List

Avengers #42

Avengers Mech Strike #1

Future State: The Next Batman #3

Future State: Superman of Metropolis #2

Hellions #9

Immortal Hulk #43

King In Black: Gwenom vs. Carnage #2

King In Black: Marauders #1

The Legend Of Shang-Chi #1

Rick and Morty: Worlds Apart #1

Star Wars #11

Venom #33

X-Factor #7


My Pick Of The Week
Rick and Morty: Worlds Apart #1

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The Future Of Telework: A Trend That Transcends Pandemics

In early 2020, which might as well be another lifetime, I speculated on the lasting impact of increased telework and distance learning due to the pandemic that uprooted our entire society. At the time, I didn’t know just how bad this pandemic would get. In my defense, my hopes were still intact. Now, they’re charred ashes, but that’s beside the point.

In essence, I speculated that once people got used to teleworking, they would not be eager to go back, even after the pandemic had passed. That wasn’t exactly a bold speculation. You don’t have to be a world class psychic to surmise that people will come to enjoy working in their underwear, not having to commute, and enjoying the general flexibility that telework affords.

I’ve been stuck in enough traffic jams to appreciate that kind of flexibility. I know I’m not the only one who might become too fond of telework.

Well, that all-too-obvious insight is starting to take hold in many sectors. It’s not just related to typical office work in cubicles. Everyone from the United States Military to big tech companies to law firms are embracing this new normal for the workplace. Even though it’s more out of necessity than innovation or good will, it’s still happening and there may be no going back.

The pandemic has already forced a mentality shift among the workforce. According to research done by Pew, telework was mostly seen as an optional benefit reserved for an affluent few. That’s not surprising. That kind of flexibility just felt more like a luxury, one that someone had to earn by establishing trust and credibility from an organization.

Now, it’s not just a necessity. It’s unavoidable. The world we’re living in now just cannot accommodate the same professional environment we once knew. I’ve worked in many professional environments before. I can attest that some of them are not built with pandemics in mind.

At one point, I worked at a company in which my desk was crammed into a closet-sized space with three other people. If even one of us caught a cold, we’d all be sick by the end of the week. It was that bad.

I doubt that’s an isolated case. In some of the jobs I’ve had, I have been able to work from home, but it’s only as a last resort. The only times I actually had to do it involved an emergency that occurred on a Saturday morning and one instance where the office was being renovated. In both cases, I still got plenty of work done. I just did it in my underwear.

In that sense, I get why many organizations reserve telework as a luxury rather than a norm. There’s this underlying sentiment that people will abuse it. If they can work from home, they just won’t get as much done. They’ll be too tempted to just grab a bag of chips, lie down on the couch, and watch game shows.

While I don’t doubt there are people who do that, this pandemic has revealed that most people aren’t assholes on that level. In some cases, it’s increasing productivity. Apparently, when workers are comfortable and afforded flexibility, they can get more done. That shouldn’t be too surprising, but it’s still remarkable in its own way.

This has born itself out in subsequent studies and surveys. For some industries, telework is probably more productive in the grand scheme of things and that shouldn’t be surprising. Anyone who has ever had a lousy commute knows why. If a good chunk of your day is spent waking up, putting on itchy clothes, and spending hours in traffic, you’re not going to be in a very productive mood.

That won’t be the case for certain industries. If you’re a doctor, a police officer, a fire fighter, or a trucker, you just can’t telework. The nature of the work doesn’t allow it. That’s still going to be the case, at least until we have robots capable of doing those tasks, which we are working on. However, there’s also sizable chunk of work that could probably be done remotely.

I think the impacts of this emerging truth will extend far beyond the pandemic. I’ve already seen it with people I know. They enjoy teleworking. They don’t want to stop, even after the pandemic becomes a bleak footnote in history. Some are willing to still go into the office some of the time, but they would prefer to telework. I suspect that’s going to become the new normal.

Last year has proven that people can, for the most part, be responsible with the flexibility afforded by telework. As long as they’re getting the work done, who cares if they do it in their underwear while Netflix plays in the background? Considering how costly commutes can be and how expensive office space can be, it might just make more fiscal sense in the long run.

Like it or not, businesses and various organizations tend to err on the side of reducing operating costs. It may mean more employees waste time at home, but if the difference is made up by better productivity, then it’s a net gain overall.

That shift could have impacts that go far beyond business operations. If people have to commute less, then that makes living out beyond urban and suburban settings more feasible. Given how expensive it is to live in those areas, this could spread people out even more, which is an objectively good thing if you’re looking to prevent future pandemics.

It might even help those in depressed rural areas in need of human capital. I can easily imagine some people preferring the quiet, less crowded environment afforded by a rural setting. If they can live in that environment while still getting their work done via internet, assuming they have a reliable connection, then that’s another big benefit that goes beyond the business itself.

This is likely to be a trend. That’s not a fanciful prediction. We’re already seeing it happen. The pandemic just forced it to accelerate. There will likely be other impacts. It may very well change how cities, suburbs, and rural areas are planned from here on out.

I don’t claim to know the specifics, but we’ll likely see it continue in the coming years. I, for one, welcome this change. If I can reduce the amount of time spent in traffic and increase the amount of time I spend in my underwear, then my overall well-being improves considerably.

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Buying My First Bitcoin: My Reason And Experience

I talk about the future a lot on this site. That’s because, in general, the future excites me. I genuinely want to see some of the emerging technologies under development manifest. From advanced artificial intelligence to hacking our own biology to sex robots, I think these developments will lead to some major upheavals in society and I want to be around to see them.

I don’t know if I’ll live long enough to see all of them, but I want to make the effort. I want to experience the future and not just speculate about it.

This brings me to Bitcoin. Now, before I go any further, let me disclose that I am not one of those hardcore, uber-libertarian Bitcoin fans who see Bitcoin as the technology that will bring down corrupt governments and banking cartels. I’m also not among those who think Bitcoin is a total scam. For this technology, I try to keep my perspective balanced.

I see Bitcoin the same way I see email. It’s basically a digital form of a tangible thing/service that we’re familiar with. Email was a supplement to regular mail. Bitcoin is simply a supplement for money. Email didn’t end all forms of regular mail. As such, I don’t see Bitcoin ending all other forms of money.

As for the technology behind it, I’m no expert, but I definitely see the value. Bitcoin, unlike other currencies, has no boarders. It has no middlemen or central authorities. It doesn’t require a big bank or some other financial institution to authorize it. All it requires is an internet connection and a smart device with an app.

Beyond the money, the technology behind it, most notably the blockchain, has some exciting applications. It promises to change the way we process, manage, and scale big data. It has the potential to create secure, decentralized operations that can’t be run from the top-down by the future Mark Zuckerbergs of the world.

Even if you think Bitcoin has no inherent value, I hope you see the value in that.

Now, I have been following news about Bitcoin since 2013. I remember the first time it became a major source of headlines. It was primarily associated with black market economies on the dark web, namely the Silk Road. That was not necessarily a good association, but that didn’t stop Bitcoin from growing considerably in both value and use.

However, I didn’t invest in it or seek to buy any Bitcoins. Some of that was mostly because it was still so new. I wasn’t sure what to make of it and I didn’t necessarily trust the early Bitcoin wallets. It also didn’t help that some of the early Bitcoin exchanges went completely bust.

I understand this era still created plenty of Bitcoin millionaires. Those people are the lucky ones. Even after 2013, I don’t think we’ll see Bitcoin create any more millionaires like that. I still watched Bitcoin with a skeptical eye. I didn’t want to buy in until I could be sure it was able to weather these upheavals.

In hindsight, I think I waited too long. At this point, I think Bitcoin has proven its worth and its utility. It’s been around for more than a decade now. If it were a bubble or a scam, it would’ve failed long ago. Even if I’m late to the party, I can safely say that I have finally joined in.

Granted, I didn’t put my whole life savings into Bitcoin. I decided to start off small and honestly, it was a lot easier than I thought.

Here’s what I did to get my first batch of Bitcoin money.

Step 1: I downloaded a basic Bitcoin wallet, namely BRD. It’s the simplest, least cumbersome wallet I could find.

Step 2: I compiled about $100 in cash. These were just a bunch of $20 bills I had in my drawer. They were actually bills I got from Christmas cards. Since I buy most of my stuff with credit cards and my phone, I really didn’t have much use for them.

Step 3: I went to a gas station up the road from my house, which had a Bitcoin ATM. I used that ATM to purchase $100 in Bitcoin. It took less than four minutes.

That’s it. That’s all I did. I didn’t have to give my bank account number to anyone. I didn’t have to give my credit card number to anyone. I just took some bills that I probably wasn’t going to spend anyways and turned it into digital currency. I have every intention of purchasing more down the line.

In terms of loose change or extra bills, I believe Bitcoin is actually better than just letting that paper money gather dust. Unlike bills, Bitcoin’s value actually has the potential to go up. That’s something paper money rarely does.

It’s a key part of Bitcoin’s legendary volatility. That sort of thing turns a lot of people off and I understand that. They don’t want to wake up one mourning and find out their money lost half its value.

However, I would counter that paper money would lose that same value, but just over a longer period of time. It’s like owning fruit. It’ll only ever rot. It’s never going to get fresher. Bitcoin is a bit more like a game of cards, but with the odds in your favor.

Sometimes the value goes up.

Sometimes the value goes down.

Overall, due to the scarce nature of Bitcoin, its value is inclined to go up.

That $100 was only going to get less valuable sitting in my drawer. At least with Bitcoin, there’s at least a possibility that $100 could be worth a lot more later this year. Compared to what inflation does to money, I’ll take those odds.

For now, I just wanted to share my experience. I genuinely believe that Bitcoin and the technology behind it is going to be a big part of our future. It may not completely replace money, but it will improve on what we’ve got.

I’ll share more stories as the year unfolds. In the meantime, I’ll leave everyone with this little anecdote.

The first known Bitcoin purchase was on May 22, 2010 when a man named Laszlo Hanyecz bought a pizza for 10,000 Bitcoins. As of this post, one Bitcoin is valued at $32,711. That means someone payed $327,110,000 for a pizza.

That must have been a damn good pizza.

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Filed under Bitcoin, Current Events, Jack Fisher's Insights, real stories

Jack Fisher’s Sexy Sunday Thoughts: Mood Lighting Edition

There are a lot of things that go into a good romantic setting. Some aren’t always within our control, but that just makes putting in the effort more important. There are a lot of things you don’t want to half-ass in life or in relationships. Romantic settings is one of them.

One element you can control has to do with lighting. I’m not just talking about candles and lamp shades, either. A romantic moment can stand out in many ways, but if the lighting is just right, you and your lover will remember it for all the right reasons.

How you get it to stand out depends on what a couple is into. When I was dating my girlfriend, we were both early risers. We enjoyed the subtle lighting of the morning sunrise. That usually meant drawing the shades in my bedroom just right to give us that perfect blend of morning sun. It made for some wonderful moments between us.

For others, it’s different. One of my old roommates was the opposite of a morning person. He and his girlfriend liked to keep things dark, but not pitch black. That usually meant extra dim lighting in which you couldn’t see much, but you could make out just enough to discern the sexy details. They liked that sort of mystery element and I can totally understand why.

When contemplating your own mood lighting, what kind do you and your lover prefer? Does it need to be bright or dim? Do you prefer candles or sunlight? What gets you and your lover in the best possible mood? Contemplate that as you read over these Sexy Sunday Thoughts. Enjoy!


“People with a voyerism fetish make the worst spies.”


“Is it really possible to not discover a kink by accident?”


“A man who is good at puzzles has an advantage when it comes to pleasing a woman.”


“Your sense of modesty and shame is directly proportional to how little you’re willing to wear when receiving a pizza delivery.”


“Being sexually repressed and moving to Las Vegas is like hating football and moving to Green Bay.”


“A fight that ends in make-up sex can horribly skew your concept of foreplay.”


“Never mistake being in love for not wanting to go back to masturbating alone on weekends.”

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Jack’s World Thoughts Experiment: How Much Money Do You Need?

The following is a video for my YouTube channel, Jack’s World. It explores another thought experiment, something I’ve done plenty of times before. This one just happens to involve money. Given the recent events with the stock market, I think the time is right to contemplate money and how it guides our lives. Enjoy!

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A Subreddit Exploited Wall Street Hedge Funds (And I Applaud Them)

Every now and then, a news story comes along that just puts a smile on my face for all the right reasons. Granted, a lot of those news stories involve comic books and sex robots, but certain news transcends my preferences. They’re just too inherently awesome and cathartic to ignore.

This recent story surrounding a sub-reddit beating a multi-billion dollar hedge fund on Wall Street is definitely one of them. In the process, it suddenly turned Gamestop, a store I haven’t been in for three years, into the hottest stock on the market.

It’s the kind of story that would make a ridiculous movie. It’s not “The Big Short.” Hell, reads like a “Robot Chicken” sketch, plus or minus a few poop jokes. Except, this actually happened in the real world.

For those who haven’t been following this story, here’s a colorful breakdown by Esquire.

Esquire: How WallStreetBets Redditors Used Their Collective Power to Manipulate the Stock Market

News about the stock market rarely crosses over into the cultural mainstream, and historically when that’s happened, it’s meant some catastrophic financial event has taken place. (See: The housing and stock market crashes of 2008.)

But the stock market was the single biggest news story Wednesday, financial or otherwise, due to a group of Reddit shitlords pumping up a collection of stocks and pushing some billion-dollar financial institutions to the brink of bankruptcy.

Hedge fund Melvin Capital needed a $2.75 billion bailout on Monday after the stock price for GameStop, the video game retailer, spiked to more than $70 a share over the weekend. Just a month earlier, the stock was hovering near $15. Melvin was shorting the stock, hence the need for a bailout. Reports of Melvin Capital’s financial struggles sent GameStop’s share price soaring even higher, though, to more than $100 a share on Monday, putting the hedge fund in an even more precarious financial decision. As of this writing, the stock was trading for $330 per share—77 times higher than its share price of $4.28 a year ago.

The GameStop stock rally is the handiwork of r/WallStreetBets, a Reddit community where people share news, memes and personal anecdotes about playing the stock market.

Let’s all take a moment to shed a fake tear for a hedge fund that sought to make money by hoping a company would die. Let’s also take a moment to contain our rage that those assholes still got a multi-billion dollar bailout with little to no debate, but I digress.

That article gave us the basics. In short, a bunch of people on Reddit decided to exploit the short positions that a bunch of hedge funds had on Gamestop and make a ton of money on the side. It’s the kind of gimmicky stock trading tactics that you’d see in “The Wolf of Wall Street,” minus the strippers and ludes. The only difference is this didn’t break any laws and only fucked over hedge funds.

If you need a more thorough breakdown of just how those hedge funds were fucked over, here’s a video by the YouTube channel TLDR News. They break it down beautifully. I must warn you, though. If you get excited by seeing hedge funds get screwed over by a bunch of Reddit trolls, you might not be able to contain yourself.

Now, why do I love this story so much?

Why am I making such a big deal of it?

Why is this even news on such a large scale?

The answer is fairly simple. It’s not just that I love Reddit and have been an active user for years. This kind of thing just doesn’t happen that often. A bunch of normal, everyday people on Reddit getting the best of a Wall Street hedge fund? It just doesn’t seem possible.

Even if you’re a die hard capitalist or an dogmatic liberation, you can’t be too fond of hedge funds. In addition to being fertile grounds for fraudsters, con-men, and Gordan Gecko wannabes, they have just one goal. They seek to make rich people even richer. How they go about that varies, but they’re not above lying, cheating, and effectively gaming every capitalist system to their advantage.

They’re basically villains for both capitalists, socialists, and communists alike. They’ll screw over anyone, be they individuals or companies, so long as they can turn a profit. They don’t make anything. They don’t create or develop products that they sell to willing consumers. They mostly dick around with math, balance sheets, and stock prices to make money. That’s it.

I’m not a fan, to say the least. Watching them lose is like watching Lex Luthor get beat up by a five-year-old girl. You don’t think it’s possible, but it’s a glorious sight when you see it.

Honestly, this is the kind of story we need right now. A bunch of nobodies on the internet find a way to screw over a hedge fund whose business model involves screwing over struggling companies. What’s not to love? That’s a superhero narrative wrapped in true capitalism wrapped in American ingenuity. Ron Swanson himself would be proud.

There’s a lot more I could say about this. Since the story is still unfolding on many fronts, I’ll hold off. I’ll just say that if r/WallStreetBets does nothing more than screw over a hedge fund trying to profit from Gamestop’s demise, they’ll still have done a great good for this world.

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Filed under Current Events, psychology, rants

How Many Streaming Services Can We (Realistically) Have?

It’s official. The streaming wars are on.

Hell, it’s been official for the past several years and 2020 only accelerated it. The battle to dominate digital media in all forms is raging on multiple fronts and while many have their favorites, none can say they’ve won.

It’s Netflix versus Hulu versus Amazon versus Disney versus CBS/Viacom versus YouTube versus whatever other media companies are fighting for every possible eyeball. The stakes are high for consumers and content creators alike. There are billions in profits to be made and plenty of epic, culture-defining content to be made. It’s going to get intense is what I’m saying.

I don’t think I need to remind everyone just how much the streaming market has changed in the past 10 years. Even if you’re still a teenager, chances are you still vaguely remember the days before Netflix and chill. Media back then was movies, TV, and Blu-Ray/DVD collections. I’m not saying it was ideal, but that’s what we had to work with.

Then, Netflix came along and changed everything.

Then, every company and their deep-pocketed subsidiaries tried to catch up.

It hasn’t always been smooth. Some people are still not over “The Officeleaving Netflix. Chances are there will be more upheavals like that as companies fight over who streams what and who has the streaming rights to a particular show or movie. That’s sure to get messy and I’m not smart enough to make sense of it.

However, as this war rages, I think there’s a relevant question worth asking. It’s a question that I’m sure both consumers like me and big media companies like Netflix and Disney ask as well. The answer could depend on how the war plays out.

How many streaming services can the average customer have?

Most people already pay for some form of streaming media. Most people subscribe to some form of pay TV, although that trend is in flux. The days of having all the entertainment you want with a simple cable subscription alongside Netflix is long gone and it’s not coming back.

Now, you have to be very selective and self-aware of what you want.

Do you want access to Disney’s vast library of content?

Do you want access to the library of shows from NBC or CBS?

Do you want access to the content from Warner Brothers, Universal, Dreamworks, Discovery, Cartoon Network, or 20th Century Fox?

You can have some, but you can’t have them all without paying way more than you ever would for cable. Even if you did, could you even watch all those streaming services enough to justify the cost? There are only so many hours in a day and there’s only so much attention we have to give. Even if we dedicated half our day to binging movies and TV, we couldn’t watch it all.

That’s the big limiting factor on streaming. It’s also the biggest obstacle any company faces with respect to their effort in the streaming wars. People can only watch so much and they only have so much they can reasonably spend on a streaming service. There comes a point where, even if the content is appealing, they just can’t justify the cost.

Personally, I have subscriptions to five streaming services. They are as follows:

Netflix

Hulu

Amazon Prime

Disney Plus

HBO Max

Now, it’s worth noting that I got HBO Max through my cable subscription. I’ve subscribed to HBO for years so it’s not something I consciously sought out. With Amazon Prime, I primarily used it for the 2-day shipping instead of streaming media, but I’ve certainly found some quality shows on that platform.

I’m not sure I can justify another subscription beyond this. Once my subscriptions cannot be counted on one hand anymore, I think that’s too much. I just cannot watch enough content to warrant paying extra. I say that knowing companies like Paramount and NBC have just launched their own streaming services.

Even though both networks include shows that I love, I’ve no intention of buying their streaming service. If my cable company offers it for free, like it did with HBO, then that’s great. I’ll certainly watch it, but I’m not paying extra.

I feel like a lot of people are in that boat. If they don’t have a cable subscription, then they’re already trying to save money and paying more for a streaming package just defeats the purpose. If they do have cable, then they’re probably not willing to pay more for something they’re already paying too much for.

It’s a tougher situation and one that I’m sure will get tougher in the coming years. It’s not cheap to run a streaming service. The profit margins can be thin if you don’t have the content. There’s a good chance that some streaming services will either fail or get absorbed into another, like CBS All Access did.

Then, there are the pirates and no, I’m not talking about the ones with eye-patches.

Before Netflix streaming, pirating copyrighted content was already pretty rampant. Since the streaming wars began, there has been an uptick in pirated streaming content. That is also likely to intensify the more fragmented the streaming market becomes. If people are really that unwilling to pay a whole subscription to watch just a single show, they will resort to piracy. It’s still distressingly easy.

That’s why this question matters, both for us and the companies who provide our entertainment. I don’t claim to know how it’ll play out. By the time it settles, there might be another major upheaval in the media to supplant it. Whatever happens, I feel like I’ve reached the limit on the number of streaming subscriptions I have.

That’s just me, though. What about you?

How many streaming services do you have and are you willing to pay for another? Our collective answer could very well change the course of the streaming wars.

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Filed under Current Events, human nature, media issues, psychology, technology, television

New Comic Book Day January 27, 2021: My Pull List And Pick Of The Week

It hasn’t been easy hoping for better days. In general, I’m a pretty optimistic person. Until 2020, I was genuinely hopeful that the world would continue to steadily improve with each passing year. Much of those hopes were stabbed, crushed, and spit on throughout 2020. For a while, my spirits were totally crushed.

Now, I’m trying to rebuild that spirit. It’s not nearly whole again, but it’s a process.

Part of that process involves clinging to the things that taught me to have hope in the first place. That’s where comics come in. Since I was a kid, comics helped inspire me to hope for something greater. They taught me to look to the future and dare to think that greater things were possible. I know it’s corny, but it really did resonate with me.

I miss that feeling. I hope it returns at some point this year. Every morning, I check my newsfeed and the headlines are still bleak, dire, and depressing. They’re not quite as terrible as things were late last year, but overall progress has been slow.

I understand that such progress takes patience. That’s not easy when there’s still a pandemic raging across the world. A lot of areas near where I live are still in a state of lockdown. I want to get through it, but I also want to keep my spirit intact. That’s still difficult, but a weekly dose of new comics goes a long way.

This week, there’s a bit more than usual. Honestly, it’s exactly what I need at a time like this. I hope others get just as much out of it. To that end, here is my pull list and pick for the week. Enjoy!


My Pull List

Amazing Spider-Man #58

Batman: White Knight Presents: Harley Quinn #4

Captain Marvel #25

Daredevil #26

Deadpool #10

Excalibur #17

Fantastic Four #28

Future State: Batman/Superman #1

Future State: Superman vs. Imperious Lex #1

New Mutants #15

Red Sonja #23

Shang-Chi #5

Wolverine #9

X-Men #17


My Pick Of The Week
Fantastic Four #28

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