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Joined 1 year ago
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Cake day: July 5th, 2023

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  • Exactly, the bottom 10% don’t have enough money, meaning that any money you give them will go towards consumption. The top bracket’s spending as % of income or wealth is tiny and is mostly independent of their income. Their money is spent on investments, not basic goods and services. They practically don’t affect inflation.

    I think money should be printed during periods of low inflation. E.g. Japan could have benefited from that. After this bout is over, governments can return to printing, carefully.






  • If I had to propose something, I’d suggest writing a spec and implementing an API for Lemmy servers that would allow one to submit signed actions, like posts, comments, likes, display name, etc. Then people will write clients that will allow generation of certificates to be used to sign those messages + add the ability to export/back up the key to be used by other apps too.

    I think people who actually understood crypto used it correctly. It’s just that most people were there to speculate and gamble. And, tbh, I think crypto is here to stay.

    Yup, I’d support an option to store the key on a server. Or just use an account tied to a server, just like now. Currently, servers sign all messages to other instances with their key, so all messages are tied to the identity of the instance!


  • If I had to propose something, I’d suggest writing a spec and implementing an API for Lemmy servers that would allow one to submit signed actions, like posts, comments, likes, display name, etc. Then people will write clients that will allow generation of certificates to be used to sign those messages + add the ability to export/back up the key to be used by other apps too.

    If storage space ever becomes an issue, you could potentially shard communities. I’m more worried about the network traffic. I already suggested a routing algorithm that would spread the load between all federated instances and would scale like O(log(N)). There was some interest, but it would be a long term project. There’s still a lot of performance that can be gained by simple optimisations.