Uh, Android is the alternative to Apple’s iOS. Android is much more customizable.

Not like that. A server name that can be authenticated. Like when you receive an email from your bank (in the metadata), you know it’s legitimate. Each organization can set up their own server to host things they vouch for. With ActivityPub it can be viewed elsewhere with the guarantee that it’s from a trusted source.

It’s called a “name”.

Why would anyone pay for the service? Having a “name” is free, and that dumb worldcoin only works for people. It can’t work for governments or businesses.

ActivityPub is actually a good way to authenticate things. If an organization vouches for something they can post it on their server and it can be viewed elsewhere.

generative AI makes it very easy for anyone to flood the internet with generated text, audio, images, and videos.

And? There’s already way too much data online to read or watch all of it. We could just move to a “watermark” system where everyone takes credit for their contributions. Things without watermarks could just be dismissed, since they have as much authority as an anonymous comment.

You think that high interest rates keep real estate prices high? That’s the opposite of what happens with high interest rates. People can’t afford to pay as much when interest rates are high (like they are now).

I’m judging solely based on your comments. You are using big words incorrectly. You clearly don’t understand what you’re talking about if you think high interest rates keep real estate prices high. Also, your description of Japan’s economic problems are disjointed and confused, not correct.

It’s not a “failed model”. Japan has issues because banks committed fraud and disguised non-performing loans. There are strict rules in the US about when assets must be “marked to market”. Plus the US has a growing population because we let in immigrants, which supports a growing economy. We are not close to having problems like Japan.

There are also many levers the Federal Reserve can pull to keep banks in check. As I said, they can raise and lower the reserve requirement and raise and lower the overnight lending rate. This can prevent banks from going nuts with lending, but obviously can’t prevent all asset bubbles. Sometimes people are just irrational.

Frankly you seem to be using a bunch of big words and implying that they make a point. Using “ex nihilo” instead of “from nowhere” clinched it for me. Also, you spelled “keiretsu” wrong.

Yes, they still have it. It’s just not in cash.

Fractional reserve banking works because most people don’t need all their money as soon as they get paid. Most businesses keep some money in the bank too. Banks have a required percent of deposits that they must keep on hand to allow these withdrawals. And if they run low on cash, they just borrow money for a day from other banks (literally just one day). The US government can adjust the percent of required reserves or the overnight lending rate to keep banks from lending too much money out.

Banks use this money to loan to businesses or people buying houses. It works well because whenever the money is loaned out it is used for a purchase and just redeposited in another bank. A percentage of that money is retained by the bank and the rest is loaned out again. And again and again. This way money is “created” when people buy things in the economy.

Plus y’know the unreal amount of money it pays for work that isn’t even that hard once you’ve built the muscles.

Don’t sell yourself short. Pay isn’t about how hard your work is. It’s about how much money the company makes off of you and how quickly they can replace you.

This was obvious during the pandemic when all the “low skill” jobs hiked their wages. It turned out most office jobs were not as important as retail work, so lots of people in retail got raises for the same work.

I just realized something: since most people have no idea what AI is, it could easily be used to scam people. I think that will be it’s main function originally.

Like the average person does not have access to real time stock data. You could make a fake AI program that pretends to be a trading algorithm and makes a ton of pretend money as the mark watches. The data would be 100% real and verifiable, just picked a few seconds after the the fact.

Since most people care a lot about money, this will be some of the first widespread applications of real time AI. Just tricking people out of money.

Bitcoin is just a scam in general.

“Bro, I’ll sell you this really complicated number. No one else has it.”

“What can I do with it?”

“Sell it for more money to a bigger fool than you.”

"I’m in.*