Just give people who reach $10m net worth a “Congratulations you won at capitalism” diploma and tax them 100% after that

The key part here is that (at least initially…) they won’t put any existing subreddits behind a paywall. So users’ habits won’t really be interrupted.

You can check out SPIVA which tracks the people like the guy you’re paying to predict the future.

In all markets the results are consistent. Over a single year a professional has about a 50% chance of beating the average. This probability drops over time and over a 10Y period about 10-14% of professional investors beat the average.

You paying this professional is essentially the same as you thinking that you are able to identify the top 10-15% professional investors. And maybe you just are that great and we should all follow suit. But I doubt it. It’s your risk to take though. No one is going to force you to choose the cheaper option with the better probability to give the best returns.

If you’re not putting your money into index funds you’re just fooling yourselves. You shouldn’t be paying any form of investor to pretend they can see into the future.

This also means you will be investing heavily in the US. But don’t make the mistake of believing your invested money makes any difference in the world when it comes to ethical responsibility. A company isn’t affected by whether a fund invests or does not invest in them.

Socially responsible funds are just for show because financial institutions have realised it’s something people will pay for. If you truly want to make the world a better place you reduce your monthly saving amount and donate the money to charities instead.

Just saw the other day that the Pixelfed developer pushed out a new feature pretty quickly and it reminded me of how much faster you can push new features out when you’re working on a small team with very few developers.

Then I realised that… At the place I work at (an app most likely installed on your phone) - well every change will have a huge impact. If 0.05% of the users’ performance is degraded - that’s a shit ton of users. So we have processes in place. We test on all kinds of devices before releasing.

Running a high quality service at scale is hard and it’s expensive and it’s not always fun because you have to leave your cowboy developer guns at home and do the homework before pushing to production.

I spent way too much time trying to understand why I wasn’t taken to the comments when I hit the comment icon…

… in the screenshot

Yeah, all apps advertise “no algorithms” - well those algorithms are what is pulling users back and back again and the more you get people to open your app - the more likely it is that they’ll contribute something.

I have to remind myself to open Pixelfed. Which is how I want it to be and how it should be. But I also understand that none of my friends will go there and look at nothing and then check in again a day later.

It’s probably implied that if not enough people take this offer - people will be fired.

I’ve been through tech layoffs. Random people are axed and people who thought about leaving anyways stay. This is a much better solution where those who considered leaving anyways can take them up on the offer.

Maybe they just want to downsize cause there isn’t as much to do nowadays when the OS is so mature?

I go through a cycle for this. I leave Reddit because I hate it. And then I go here and well it’s quite obvious it’s a certain type of people who are willing to jump through hoops and use the fediverse. I find most of the opinions here to be a little bit too extreme for my taste. I just want to discuss football (soccer) and tech…

But I agree with you. It only feels empty because we all decide to not hit “post”.

Remember when Apple released the $1000 phone and it was a big thing?

Eventually this will be the normal.