this post was submitted on 27 Mar 2024
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[–] DevCat@lemmy.world 50 points 6 months ago (19 children)

So Earth had been slowing down until 2016. There have been no leap seconds added since then. Due to the ice melting at the polar caps the weight is off at top and bottom and that land has been rising, making Earth more spherical. This has led to the Earths speeding up in its rotation. They're saying we might have to add an inverse leap second, or rather just subtract one.

I'd read a few years ago, there's a particular industry that has become very dependent upon the atomic clocks that are attached to the GPS system. That industry is finance. Now, we're not talking about your check clearing for your car payment, but rather immense transfers of money. The article discussed how one or two seconds of interest on your mortgage payment is nothing, but once you start getting into corporate buyout amounts, you're talking about real money. I'm sure the money people will find a way around this issue and account for any differences in calculations. What are you going to do if one country decides, out of whatever kind of stupidity, to not add a leap second or remove one?

[–] bartolomeo@suppo.fi 3 points 6 months ago (1 children)

Are you saying the world literally revolves around bankerbros? Well then if 2 pm becomes the middle of the night that's just the price we all have to pay to protect the profits of our bankerbros.

[–] JackFrostNCola@lemmy.world 1 points 6 months ago* (last edited 6 months ago)

No matter how much we would like to completely ignore the existence of the stock market & banker bros the fact is that these greedy fucks thirst for profits so keenly that the can completely fuck up economies and send ripples across the world that affects everyone.
For example the GFC (caused by banks/finance institutions taking risks causing a total collapse when the gambles didnt pay off) which we are still affected by today to an extent.
Their insatiable need to make just that extra %profit can affect whether some random family in another country can put food on the table.

So yeah i agree, anything to make life harder for the ones who take advantage of us.

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