Spyke
explainlikeimfive·Explain Like I'm FivebyJonsJava

[META] New mods wanted

Today, we cleaned up the posts and reports for this community. When I was handed the reigns, there were ~70 unresolved reports. There are now 0.

I don't want another community to moderate, but if I must take one on, this is a great one. With that being said, if you want to help out, reply to this post, and after reviewing your history, you might become a wizard moderator.

View original on lemmy.world
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explainlikeimfive·Explain Like I'm FivebyTootSweet

ELI5 the U.S. bond buyback announced recently and why did it make the price of Bitcoin skyrocket?

Sorry for the compound-sentence question.

The first part is in reference to this story which I've seen in a few different publications now.

Today, I happened to look up the price of Bitcoin (because it was relevant to a conversation I was having) and found it had shot up recently and was now at about $77,400 (up from the $63,000 when I last checked). Doing a little bit of searching, it seemed like the reason was the bond buyback.

(Sorry also for the sensationalistic hype article. I'm about as critical of blockchain snake oil as anyone can be. But I didn't find a better article about why it affected the price of Bitcoin.)

My questions are, in simple terms:

  • Is it roughly correct that buying a U.S. Treasury bond is loaning the U.S. money?
  • And that this story about bonds is basically saying that the U.S. government is "working on paying off its debts" (to bond holders)?
  • How is the interest rate on bonds decided?
  • What are bond "yields" exactly? (Is that just the same as the interest rate on bonds?)
  • Why are yields skyrocketing?
  • What reason does the treasury secretary give for buying back bonds?
  • Are there probable hidden ulterior motives for doing so? If so, what are they?
  • It seems like the idea to buy back bonds came from the White House, so this is probably a MAGA thing, yes? (Or is it more bipartisan than that?)
  • Who (if anyone) thinks the buyback is a bad idea and why?
  • Why are the blockchain bros so excited? What do they think this has to do with cryptocurrencies?

Thank you in advance, people! I like to think I know a fair amount about a fair amount, but finance (let alone fake blockchain Libertarian fairy tail finance) definitely isn't my strong suit, and I'm curious to know more about the dynamics at play here and where they're likely to lead.

View original on lemmy.world
29
explainlikeimfive·Explain Like I'm FivebyBrickEater

ELI5 why is everyone boot licking AI?

I genuinely don't get it. Its a fucking trash chatbot that's doing perceivably nothing beyond taking jobs away from people?

Like am I an insane outlier here when it comes to AI and robotics? I cant imagine having a fucking robot in my home, let alone one run by an AI. Nor can I understand why the fuck people want their cars to have it in them with the ability to monitor their biometrics.

Maybe I'm just the outlier here, but I genuinely have no interest in the slop machines or their potential clanker bodies and see no use in them.

View original on lemmy.world
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explainlikeimfive·Explain Like I'm FivebyFix_a_Fix

[meta] Suggestion: can we make it mandatory that every normal post here has to have the "ELI5" words in the title like in the original sub?

I feel like that was a cool and unique enough mark for original subreddit to give it a different vibe than most other communities with similar intent.

It also helps standardizing the titling format just enough to make it less confusing and clearer when reading them. Now that there is a brand new modding team I feel like this could be a good thing to add here

View original on feddit.it
97
explainlikeimfive·Explain Like I'm FivebyCactus_Head

Do dns server federeate and who is the authority on a given domian name

Somelse asked about what is DNS, but how are there multiple DNS server. You can buy a domain from cloudflare like say example.org, but how does clouflare get to claim that domain as it's own, and how can there be DNS outages when there are multiple DNS servers? Is there a DNS authority? And does every government have there own DNS servers that point to the main ones?

View original on programming.dev
11
explainlikeimfive·Explain Like I'm FivebyDon_Dickle

Why do people say I have a certain style when asking questions? Is that a bad thing and if so can someone explain how style can be applied to typing? Or how do I fix it. To better the community

Maybe I should have said it more properly. How does my "style" of just typing come through? Does it come thru like a written word? I am just looking for a way so I can identify my style and make critques to it instead of the funneled version.

View original on lemmy.world
explainlikeimfive·Explain Like I'm FivebyTheViking

I am struggling with my lesson. I have no professor to help me wade through. It's learning how to begin with Git.

https://www.theodinproject.com/lessons/foundations-git-basics this is the lesson that i am following. I completed the Create the Repository section successfully. I also completed the Use the Git Workflow section successfully. It's the Modify a File or two where I am facing all the difficulties.

Can someone please show me the way how to do it ?

View original on nord.pub
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explainlikeimfive·Explain Like I'm FivebyDon_Dickle

I guess this maybe ELI10 because of my patient. He wants to be a "hacker" I don't really know much about it but he wants to do it for good. Is this possible or something??

He has two tumors on his heart. With that sentence you can see down the road. Make A Wish will not touch this because I guess it's it is illegal just to be a hacker for good or some bs. I grew up in the era of where you could download a program, ie napster, limewire, icq and be on your way. I keep searching for good hackers but it seems like they have that rep of bad. Please help....Posting this in different communities to help out btw so don't get jealous. Much love to all.

View original on lemmy.world
explainlikeimfive | Spyke