Good job orangutan!

I’ve read into it a little bit - basically every day every participant gets the Universal Dividend. It’s the same for everyone. Supposing you had every person on earth participating, they all get the same thing every day.

The next part I feel like we should skip explaining to the casual observer, because it’s not so simple:

Everyone gets 1 Universal Dividend per day. The Universal Dividend consists of x number of G1/June coins. That x amount is defined mathematically based on the number of participants. So fewer coins are issued today with let’s say 10k users, and more coins are issued in the future with 100k users.

The system is inherently inflationary. If all users, people who have been doing it for 20 years and those doing it 2 days, didn’t make any further transactions, after 40 years their wallet balances would effectively be the same.

Of course if the system is a success, people will be making transactions. But the idea is to encourage commercial exchange, rather than people hoarding because they think it will be worth more in the future.

The value isn’t in the coin, the value is being able to transact with other people without resorting to barter. If you have to work for someone else or borrow in order to perform transactions, then you will be beholden to those who have already accumulated a lot of wealth.

This system doesn’t solve the fact that somebody owns a factory, and somebody owns an apartment building, and someone owns the farm land and so on. But it would help the issue where the federal reserve can generate billions of dollars at a keystroke which are made available to big banks to lend to the public with interest, and which simultaneously devalues the dollars in your wallet.

This system is inflationary, like federal money creation is inflationary, but at least those inflated coins are being put in normal people’s wallets instead of a handful of big banks. It helps defend against the accumulation of billionaires.

The OP makes it seems like they lost money by making poor trades, which so far in the history of Ethereum you could do in a very short period, but not if you held onto it for any length of time.

You’re right, they could have lost it by scams or hacks. The power to instantly transact with anyone in the world is a feature, but also a risk.

If crypto takes off for actual day to day transactions I imagine there will be an intermediate layer of banks or other institutions that take on some of the risk but also take their cut.

Anarchist types are concerned about government backed crypto coins since you lose the fungibility/anonymity of physical dollars but don’t get any of the freedom and separation from centralization that crypto supposedly represents.

I just commented somewhere else in this thread, have you heard of G1/June? Crypto that’s kind of like a UBI: https://g1currency.org/?PagePrincipale

Still has some major issues from what I’ve seen, but I’m very interested in the concept.

It’s better than proof of work, even though both of them reward people who already have resources.

I’ve been interested in the G1 currency system. (Pronounced June) Participants are all issued the Universal Dividend each day. Sort of bootstrapping universal basic income. Current issue is it’s pretty much limited to France because you need five users you’ve met in real life to certify you.

I’m curious, what are the areas that matter that you see metric having replaced imperial?

I still see imperial used for building materials, tools, furniture, product dimensions, food packaging, recipes, travel distances. The doctor still tells me my weight in pounds. It’s what we use at my job when describing products to clients.

I too live in America and grew up here. I know what metric is. But it’s not dominant, which I think you know.

Hey I’m American and think we should switch to metric. While Celsius has a more objective basis than Fahrenheit, doesn’t seem like the same slam dunk as the other measurements.

Are there applications where we’re measuring in centicelsius or kilocelsius? There aren’t weird non-base ten increments of Fahrenheit. In Fahrenheit 0 is cold and 100 is hot as well…

I’m still fine changing to it, just doesn’t seem to have the same “in your face” value for this graphic.

As I said here, both the admin of the sending and receiving instances are able to view direct messages. If DMs are encrypted that’s no longer a concern, which is why in my comment starting this thread I said this news was good.

Direct messages aren’t intended to be public

Do you have a source you could share about admins only seeing the private messages of local users? That’s not my understanding.

Take a look at this post or this one . They say that the admins of both the sending and receiving instance could decide to read your direct messages.

Privacy isn’t just for illegal acts. (And plenty of laws are unjust) You’re right that for truly sensitive communication it’s better to choose a tool dedicated for that purpose. It can still be beneficial to add encrypted communication to direct messages.

Here’s one post about it. I’m not one for direct messaging on social media personally. And on centralized services it’s true that your direct messages can be seen by employees if they’re sufficiently motivated or by court order, hacks, that sort of thing. But on mastodon both the administrator of your instance and the admins of the instances of the people you’re messaging can see your direct messages. Since an instance can be set up quickly by just one person, there’s higher likelihood of access. That person may have no qualms about accessing private info, they may have insufficient resources for proper security, or to fight legal efforts to access information. A large company will in theory have more concern about reputational risk if it’s uncovered they’ve accessed private information than some individuals will. I know many people running instances take great pride and care in what they do, but that’s not always true.

This is great. I think one critique of the fediverse is the lack of privacy, so it’s a welcome development.

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I think you need a fourth word for better timing. A person might misinterpret the duration between glarp and dook, and arrive at peow too early or late. Just one more timing sample is better to reduce human error.

Andrew Callaghan isn’t conservative

I’ll get complaints from people they can’t add/remove members from a group chat, and it’s because I’m in the chat, and use Google voice.

Read “Nudge” by Richard Thaler. Choice architecture is a real thing that has impact on whether things we want to happen actually happen. It’s not because people aren’t smart enough.

Protests aren’t the only thing that activists in the US are doing. It’s not an either or situation.

I’m curious, are you a developer? I’m just a hobbyist but reading his comment on the article it seemed reasonable. The problem is the capitalist handling of technology, not the technology. And tools like Claude are actually very helpful with coding, provided you have an understanding of the subject matter and aren’t just copy pasting what it’s giving you.