This is absurd, it's not open source if you charge for access that's just a product.

Some definitely are, but I think you're right to keep an eye out. I don't think that the thing open source needs is more foundations with compensated presidents and community managers and fundraising departments

We shamefully hear too much about the bad foundations (especially Mozilla and Wikimedia).

The good foundations remain working quietly in the shadows.

People who make 1.5 billion USD trades do not brag about it on twitter.

Someone on Twitter bragged about buying it for $54.20 a share.

Go tell the Germans that.

This is the ultimate refutation of the article in my opinion, the people who do this stuff professionally are still using traditional materials where they make sense. We did not forget about wool as a species.

This is touched on briefly, the number one reason is that if you can keep deferring your taxes indefinitely then you never have to pay them. Your tax burden is wiped away on death so not only does it not matter to you but your heirs won't be affected either.

True but you chose to post in the comment section of a news story, I don't think it's unreasonable to ask for more nuance than for something you see randomly in the wild.

And your point, HN would probably actually notify me if Mozilla became (more) evil. I'm just making a general point. Is my hardware store selling my information every time I enter it now that they have camera everywhere? I don't have a good way to audit it. Even if I did, I'd be failing to audit what some other evil company is doing.

It's not worth $3M because of the lot it sits on.

What is your mental model for this then? If the "2BR shack" can be built from scratch for 300k, and the value for the lot + shack is $3M, then the land value is $2.7M. Most expensive real estate is land value, not actual structure value.

I see what you're saying, my point is that the principle thing driving it's value isn't the land nor the shack, it's the regulatory framework of the area.

How many degenerate gamblers do you need before it stops being a useful tool?

The question isn't "will they IPO" the question is "when will they IPO" which is not a binary question. The rest of your point about Polymarket users now being mostly degenerate gamblers is true though.

The relative timing, valuations (and float sizes) of the expected SpaceX, Anthropic and then OpenAI IPOs would still be highly correlated. Even allowing for moral degeneracy among most of the gamblers on this particular Polymarket market.

It’s two binary questions about whether they will IPO by specific dates. It’s not obvious to me that this maps to a more granular “when will they IPO?” question.