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.

Well, you can disagree without being angry. I in general think that anger is a liability, not an asset. It hinders debate and argumentation.

Ah, I was talking about the demand for commodities/services.

Either store that data yourself or rely on your servers to store it and distribute it, just like they do today.

I think it’s already split out!

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.

Yeah, I know. It is possible to implement it though. Posts and comments are cached in every federated server, the only thing you need is attribution to the author. Your key/certificate could be your identity.

Nono, inflation is the right word. Inflation isn’t caused by the money supply, but by supply vs demand. If demand suddenly increases, there will be inflation. If a lot of money is printed and is thrown in a hole, money supply will increase, but there’ll be no inflation.

Seems that a chunk of this platform’s userbase are people generally angry at the establishment who upvote everything that wants to bring it down and downvote everything that rejects the idea. Happy that there’s many reasonable people here too :)

I already know I’m gonna be downvoted for this, but the top 1%/0.1% spending isn’t gonna change, whereas the bottom 10% will cause inflation… That’s why there’s no magic bullet.

Ah, makes sense

I think you need the old password to make a new one!

Would be great to have identity independent from any particular servers…

Afaik, there’s no way to get your password from the JWT and access to account, right?

See this post. The work is sponsored by the NLnet Foundation

Lemmy core devs are actually employed full time to work on lemmy.

Vlemmy refugees flocking in?

It’d be great to support identity based on a key hash, so that it’s completely decoupled from any instances. Maybe some time in the future.

I don’t want to upload anything. Why would they ever not allow that?