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It's even more of a scam because none of these companies were making such services with a way to actually profit in mind. It got customers spoiled on unrealisti
by johnnyanmac 1y ago
It's even more of a scam because none of these companies were making such services with a way to actually profit in mind. It got customers spoiled on unrealistically cheap media; cheap media that was a result of skilled labor that only got more expensive over time. The bubble was going to burst one day.
In some regards, the ZIRP era ending was needed; companies can't just make money by relying on hype for years, even decades before the piper needs to be paid. But of course it couldn't have ended in a worst time.
- owebmaster 1y ago> In some regards, the ZIRP era ending was needed; companies can't just make money by relying on hype for years, even decades before the piper needs to be paid. But of course it couldn't have ended in a worst time. Maybe that is why lots of people are struggling more now while the economy numbers say things are better than ever.
- johnnyanmac 1y agoFor now. I believe the gdp started to slightly contract last quarter. The government never wants to admit times are bad, but eventually even their massaging of the data can't hide the true situation.
- blindriver 1y agoGDP contracted because of a build up of inventory. It was a technicality, the GDP actually grew.
- johnnyanmac 1y agoI suppose we'll see if they run through all that inventory. Or worse, don't run through it.
- bethekidyouwant 1y agoIt’s cheap because I can carry a terabyte in my pocket not because of anything else. If somehow we went back to selling 700 MB CDs of uncompressed music I would still fill my pocket with a terabyte of every song to not pay $30 a CD.
- johnnyanmac 1y agoSpace is cheap, talent is not cheap. That was my point. It's not expensive to fill your terabyte with slop, is it?
- bethekidyouwant 1y agoMaybe I was not understood. Once MP3 players became a thing it was inevitable that the price of music would approach zero