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Vezire
npub1rycx...pr3m
Turkish ☾ Loving science, technology & speculative design 𖦹 Learning the universe’s past & futures 𖦹 #vezirewatches #vezirereads
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vezire yesterday
Need to hire an Etsy witch to summon J Dilla’s ghost next Friday for Slum Village concert in Istanbul.
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vezire yesterday
I can’t even explain why, but I just love rap/hip hop SO MUCH.
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vezire yesterday
It’s only noon but I’ve already posted my third diVine. I want to record every little detail of my life....
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vezire 2 days ago
My second week of my master’s just started but I already feel like I’m moving away from Actor-Network Theory and getting closer to post-ANT.
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vezire 3 days ago
There’s a really cool venue in my neighborhood that always brings in great DJs and artists. I checked to see what’s new, and apparently SLUM VILLAGE is coming! I’m going to see them on October 17th.
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vezire 6 days ago
I have 367 pages of required reading this week. I love being student
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vezire 6 days ago
There’s an outrageous investment fund scandal happening in Türkiye right now. I’ll try to explain it briefly. First, some people create a private investment fund that isn’t open to the public, so we still don’t know who its investors are. The fund approaches companies that are about to go public and says, “Let us handle your IPO.” They buy up most of these companies’ shares through their own funds. Then they keep trading the shares between their two funds to push the prices up and make the companies look much more valuable than they are. They sell some of the inflated shares to other players to bring money in from the market. But they can’t sell too many, because they need to keep most of the shares to continue the manipulation. Then they offer the private investment fund to the public. In an ideal system, regulators would spot the manipulation and stop the fund from being offered to the public, but they don’t care. The fund opens to the public, and outside money starts flowing in. They use that money to keep inflating the share prices. That’s when the second part of the scheme begins. The same investment fund players set up a money market fund. The investment fund has a risk level of 7%, while the money market fund’s is 2%, so more people choose the money market fund. These scammers keep its returns higher than those of other money market funds, attracting even more investors. After all, it’s seen as a low-risk investment. Cash from outside investors starts building up in the money market fund. Money market funds can also lend money. So the investment fund (the one inflating those shitty shares) goes to the money market fund run by the same people and asks for a loan through a reverse repo deal. For the money market fund to lend the money, it needs collateral. The investment fund offers those inflated, worthless shares as collateral. And just like that, money is transferred from the money market fund to the investment fund in a way that looks completely legal. Then the people who set up the original fund cash out their shares and walk away. The bubble bursts. They’ve created value that wasn’t really there and taken money from the market. This chain of events causes the stock market to crash overnight and wipes out ordinary people’s investments. image
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vezire 1 week ago
This is the beautiful campus of my school where I’ll be taking my Design Thinking course and this building was a heroin factory from 1926 to 1931.
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vezire 1 week ago
My school mascot is a bee.
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vezire 1 week ago
My school lunch costs $1.
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vezire 1 week ago
One thing I find weird about my university, Istanbul Technical University, is that it’s mostly an engineering school, but it has one of the best fashion design programs in the country. It’s a joint program with FIT in New York. You study two years in Istanbul and two years in New York and get two diplomas.
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vezire 1 week ago
First week readings for my Science, Technology and Society Studies course: Philosophy of Technology: An Introduction by Val Dusek, Chapter 1 & another introductory article on Science, Technology and Society
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vezire 2 weeks ago
Francis Bacon’s Idols of the Theatre (Idola Theatri): Once you’ve absorbed a philosophical system, it begins to shape what you’re able to see and think, much like watching a play draws an audience into its world, even though what unfolds on stage was invented rather than discovered.
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