Join Platy’S Readwise Highlights
A batch of the best highlights from what Platy's read, .
What I actually think people pay me for is the general vibe that I cultivate. It is the feeling that they get at the end of the piece where they think to themselves, “Ah, that was fun and I feel smarter.” Crucially, it doesn’t actually matter whether readers have gotten smarter. My compensation is dependent on the cultivation of that vibe.
Look on My Works, Ye Mighty, and Despair
every.to
If this sounds familiar, it is broadly similar to the trade that Bed Bath & Beyond Inc. did earlier this year to sell stock. In each case, there is a weird instrument that looks like a convertible security, and a big “investor” who is buying most or all of it. But in each case, the buyer is not really set up to be a long-term investor in the company: The investor is getting the stock in installments, at a discount to market value, and selling each installment to retail investors on the stock exchange. And the investor is getting paid a nice fee for structuring the trade, giving the company the money upfront, and generally obscuring what is happening. “We are selling $365 million of stock to retail investors to raise $300 million” just sounds less good than “we are selling a $340 million convertible with a 30% conversion premium to a big investor.”
A Stock Fund That Can’t Go Down - Bloomberg
archive.is
But my point is: nobody is debating these arguments now, because they don’t have to. Proponents of censorship have decided it’s easier to conflate censorship and moderation, and then argue for moderation. The solution is to de-conflate these two things - preferably by offering moderation too cheap to meter. Then censorship proponents can argue for why we still need censorship even above and beyond this, and everyone can listen to the arguments and decide whether or not they’re worth it.
Moderation Is Different From Censorship
astralcodexten.substack.com
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