@JaneImber whether or not those resources could have been used for the priorities that you personally find favorable doesn't change the authoritarian issues with the process.
it wouldn't have made a difference here.
Because that's like requiring you to save for the full price of a house before allowing you to buy one, taking the option of a home loan off the table.
Banks aren't required to hold depositors' cash because it would prevent people from taking advantage of modern finance systems.
There are reports that Biden's administration blocked exactly such an arrangement.
But yeah, to redirect money to bail out depositors who were irresponsible with their deposits is to encourage just more such irresponsibility in the future, setting up incentives for the next failure, and the cycle repeats.
We shouldn't be transferring resources away from the good actors like that.
It's another way to frame the public risk and private profit.
This was one of the big criticisms of Dodd-Frank, that it put too much power in the hands of big banks at the expense of the small ones.
We went there anyway, and the folks pushing the law celebrated.
So here we are.
I mean, it is possible for citizens to understand what their government is doing, you know.
Yes, it takes a little effort to be an informed citizen, but it is an option, and probably shouldn't be so tossed aside.
Wow, you're going full authoritarian pretty lightly there.
Oh, not at all. What's driving the cost is the fundamental inefficiencies involved in a distributed system.
Centralized systems have efficiencies of scale that decentralized systems inherently lack, as the nodes must coordinate among themselves and duplicate their efforts and resources.
Well I guess if you're talking about taxpayer subsidization of these services that's one way to address the cost, but it's about paying the cost, not avoiding it.
And of course, the process of issuing those subsidies further politicizes the matter, arguably contributing to Balkanization.
@paul @HistoPol @fediversereport @fediversenews @david @Bluedepth @darren @juneussell
I had been waiting for it, and a few weeks ago it finally happened: I saw high profile, mainstream conservatives have to try to reconcile their celebration of #Trump as having delivered #COVID vaccines through Operation Warp Speed against their denunciation of those same vaccines as scams upon the American people.
Those two parallel lines of thought couldn't coexist forever. At some point they were bound to collide.
And I, for one, had spent about a year with my popcorn ready to watch.
Well, I didn't quite get the fireworks I'd hoped for. The commentators sort of acknowledged the conflict and settled on criticizing Trump for it--I guess the denunciation is the more relevant factor today--before swiftly moving on.
I sure hope to see that conflict rise to the surface more often in the future.
@The_Onliest @paul @HistoPol @fediversereport @fediversenews @david @Bluedepth @darren @juneussell
One problem is that this sounds like the financial recentralization of an effort to decentralize social media.
Really, this is sounding like a social solution to a technical problem. The scalability is a technical problem that needs to be worked on at that level, not at the level of setting up whatever committees and legal institutions and whatever else to try to move money around to paper over technical concerns.
From what I've seen, the story that the train regulation rollback contributed to the OH disaster have been debunked as those regulations didn't cover what went wrong in the accident in the first place
But FDIC sounds fairly confident that they won't have trouble covering depositors' deposits.
Depositors who made uninsured deposits, well, why would they be protected by insurance that they ducked?
That's why it's a good thing to turn the equation around and look at it the way so few do: not employment rate or labor shortage but rather laborforce participation rate.
Historically high numbers of people aren't bothering with the laborforce at all. That should put a spotlight on an environment that doesn't make it worth their while.
Ha, true enough. Who would have noticed a few drops missing from the firehose? :)
Let me put it a different way.
Because of how Fediverse is engineered, every instance is perfectly free to engage with another instance *while treating its content with skepticism* due to that instance's culture.
So, Facebook links up? Alright. Existing instances can engage with all of that content while still treating Facebook users as second class, as outsiders, without full access to existing instances' systems.
Facebook users who wish may apply and be granted accounts on existing instances if they fit in, and that's the way to onboard them.
So you get the best of both worlds. You're protected from the unwashed masses while still engaging with them, just at arm's length, while encouraging them to come over.
All of that is possible based on how Fediverse is currently designed and operating.
Make sense?
@axkira @helge @supernovae@universeodon.com @John
Well, it's not even just about performance.
It's about the possibility that depending on how the userbase scales up, it might literally become physically impossible to transfer and duplicate all of that content all around the world.
The design of ActivityPub has issues. I'm critical of how it was set up. But, given what it's working with, there's the real possibility that the whole system would collapse should they try to make sure every reaction goes to every other instance all at once.
This is the downside of more distributed approaches. They are necessarily less efficient. That's the tradeoff.
It sounds like you're assuming it's all or nothing around here.
It's not.
Firstly, even under federation one instance doesn't receive ALL of the content posted on any other by default. So in a way, it's never even "all" :)
But relevant here, just because one instance doesn't block another--just because they don't completely block #Facebook or #Twitter or whatever--doesn't mean even the subset of content they're receiving from there is being included in their global feeds or being promoted in any other way.
Every instance can decide for itself how to handle content from others even without defederating.
And that's not even getting into users being empowered to do the same for themselves.
So the issue of only being able to reach a small sliver isn't a thing. That's just not how this platform is engineered.
@volkris Yes I can confirm it, you get 85-90% of each $ paid to you (minus a paypal or credit card fee). So 250$ for 30 album purchases at an album price of 8 to 10$ is totally normal. Even the Spotify rate is correct. Youtube: If you upload a dj mix on youtube youtube will autodetect what tracks you have used in your mix & will pay the royalties to the rights holder of these song. But not everyone knows: YouTube streaming rate payouts are less than them from Spotify. Bandcamp is still the best!
I think the most pressing and fundamental problem of the day is that people lack a practically effective means of sorting out questions of fact in the larger world. We can hardly begin to discuss ways of addressing reality if we can't agree what reality even is, after all.
The institutions that have served this role in the past have dropped the ball, so the next best solution is talking to each other, particularly to those who disagree, to sort out conflicting claims.
Unfortunately, far too many actively oppose this, leaving all opposing claims untested. It's very regressive.
So that's my hobby, striving to understanding the arguments of all sides at least because it's interesting to see how mythologies are formed but also because maybe through that process we can all have our beliefs tested.
But if nothing else, social media platforms like this are chances to vent frustrations that on so many issues both sides are obviously wrong ;)