But if you make 10 $40m movies and 2 of them make $300m you've spent less for more revenue and a lot more profit, and that's assuming the other 8 make exactly $0

But again, there are a limited number of money-making weekends in a year, and you're competing with other movies those weekends.

If you have only 4-5 good chances to make money in a year, you're going to maximize revenue over profitability.

I'm a huge fan of lazygit

I found that entire section amusing. Some choice quotes:

> So does Bitcoin. A Bitcoin user has two keys: a public key, from which an address is derived that acts as a digital safe deposit box; and a private key, which is the secret combination used to unlock that box and spend the coins it contains.

> How interesting, I thought, that Mr. Back’s grad-school hobby involved the same cryptographic technique that Satoshi had repurposed.

> And Mr. Back’s thesis project focused on C++ — the same programming language Satoshi used to code the first version of the Bitcoin software.

public key encryption and c++! It must be him.

> public key encryption and c++! It must be him.

I'm now worried I've secretly been Satoshi the whole time.

Lmao. I really expected better from the guy who unmasked Theranos.

We're 2 1/2 years away from the next election...

I'd assume that medical graduates are earning a lot more than €40k

Ukraine gave up their nukes due to American assurances as to Ukraine's defence.

Not this talking point again...

I am very pro Ukraine, but those nukes where never "Ukranian", they where Soviet nukes, staffed and manned and made by Russia.

This is like if USA puts nukes in Sweden under NATO, are they suddenly Swedish nukes? No.

Nah, this is like if the US puts nuke in California and the US falls apart.

Are they Californian nukes or DC nukes? Possession is nine-tenths of the law...

Well, does it matter if California never had the staff/manpower to use them, and they were all administered & maintained by DC staff?

Peter Thiel is mentioned by name in the footnotes and I'd assume Paul Graham thinks relatively highly of him.

Quantum computing isn't a serious threat. Would require a concentrated effort from the community to migrate to a quantum-proof hashing algorithm but there's no greater motivation than potentially losing it all.

And why are/were they used as currency?

They’re durable, resistant to corruption, relatively rare, pretty… Titanium or gems would’ve been equally used if they were equally convenient. Not to mention that coinage could be minted or mixed with, say, copper. Gold makes good alloys and can be recovered later.

Currency as jewelry is a good way to secure and carry your wealth as well as display it as a status symbol (or hide it).

A ring is just a coin you wear on your finger.

> And why are/were they used as currency?

Because there was no useful alternative and/or we didn't know better.

Just don't think about the long term economic effects of rent-seeking

With all the top heavy population age histograms around the world, the rent seeking is built into all the economies to provide benefits until it becomes too top heavy and revolution occurs.