jrs100000

And anyone who was would have to be a raging moron to comment about it online.

They wernt going to be operating in China anyway.

That was reposts as well. Its not like anyone was wasting their life making fresh Facebook grade memes for that that cesspit.

The problem is I dont think many of the accounts really care if their total account activity appears organic. They are mostly there to create volume, sometimes to puff up activity metrics, to amplify specific points and narratives, or simply to shut down conversation if it strays into the wrong topic. They know Reddit doesnt actually want to stop them, and the individual accounts rarely say anything interesting enough to justify human users taking the time to evaluate their post history.

This!

It makes sense that a vote based platform, where users encounter direct positive and negative reinforcement with every interaction, would tend to developing repetitive conversation patterns over time, even if it were populated entirely with humans.

I would bet the actual number of active bot accounts is probably lower than many people think. Maybe 20-30%. Those accounts are more active than humans though, maybe accounting for half of all the posts. Many of these bots arnt even proper LLMs, they are just scripts recycling generic comments, catch phrases and old memes and upvoting each other endlessly.

The only real benefit I can see would be to have the ability to suddenly crash the market on demand. This might be an interesting way to temporarily disrupt states trying to evade sanctions with crypto, but probably not a great investment on the $ to impact scale.

Shits always been like this. Well, maybe not exactly like this, but this level of fucked or worse. There was just a brief blip after WWII when things were relatively stable, and now that its ending things feel a little out of control.

This applies to the US and western Europe. There are places in the world where hitmen can be hired by normal people, but they are closer to homeless drug addicts than the sort of professional you are probably envisioning.

Link just doesnt realize he is the girlfriend now.

Send everyone 12 dollars.

It totally depends of the jurisdiction. In some parts of the world calling up a ride sharing app with get you a totally normal taxi at normal metered taxi rates. In other parts of the world its pretty much they do it and nobody can stop them. A private citizen can pick up anyone they want and the laws all assumed that a taxi would have to find passengers and handle money in person. By the time politicians get around to doing anything about it they’ve already taken over the market and voters would take it personally if they had to go back to regular cabs.

Tiny short term changes either way will not be enough to drastically alter people’s behavior. If those changes are long term and predictable they will absolutely change people’s behavior. 2% may not be much year over year, but over a 30 year mortgage you can expect to take a bath on any house you buy, even with 1% interest rate. And people, rich and poor, do horde cash when they think that returns are going to become negative. In a very mildly deflationary world this happens much more often than in an inflationary one.

Yes, companies can save money because one person with a computer can replace a whole pool of secretaries or a room full of people doing mathematical calculation. You can buy a whole wardrobe of full of clothes for what a few outfits might have cost before, thanks to automation and cheap foreign labor. Weve seen quite a bit of that in the last 50 years. It means you can buy all the mass produced plastic crap you want, but you cant afford a house to put it in. And it has resulted in a MASSIVE boost in wealth equality, its just that it was a global phenomenon and it was the poor people in places like India and China that experienced it.

It doesnt hurt the banks, it destroys them. The modern economy is unable to function without banks. I suppose if you were in favor of entirely destroying the modern economic system, long term deflation would be the easiest way to do it. Dont expect some sort of socialist utopia to come out the other side though. Last time we had a serious deflationary run we ended up with a handful of obscenely wealthy robber barons and a world war.

Thats depreciation, not deflation.

Im not sure what you are trying to say exactly. If you are running your responses through a translator you might try using smaller words so more of the meaning comes through.

Say you owe the bank roughly a million dollars and the house is only worth half a million. If you continue to pay the bank, you are paying double price for your house, plus interest. If you defaulted on the loan you could show up at the bank auction in a fake mustache and get it for half price. There are people out there who would work themselves to death to pay their mortgage because they see it as their sacred duty to the bank. Those people are suckers, and they end up very poor in this scenario.

Now keep in mind that this isnt just house prices were talking about. Stock prices, salaries, food, land, machines, fuel, clothing, vehicles, every month the price of all of it goes down and the value of little slips of paper goes up. This is the ultimate passive income. If you are rich you cash out everything, put your paper in a vault and each month you become richer. There no investment, no economic growth, no liquidity. The economy strangles to death while the people with all the paper control everything thats left.

This is the dream of all the gold, silver, crypto bugs trying to create deflationary currency. They figure they can stockpile enough of the new currency now and come out the other end of the disaster as the new owners of everything.

Everyone seems to be missing the most dangerous part of deflation: If prices fall year over year, collateralize credit becomes incredibly unstable. If you borrow a million dollars from the bank to build a house and then in five years that house is worth half a million…well you would be stupid not to walk away for your loan and leave the bank with a half million dollar hole in its balance sheet. If the whole market does this consistently year after year then banking becomes impossible and the whole system collapses. Weve had this happen before, such as during the Great Depression and very briefly during other market crashes like in 2008. If a central bank has to choose between inflation and deflation, they will choose inflation every time.

Also inventing heroin and marketing it as cough medicine.