Sharks have flooded Shark Infested Waters with shark asshole stink but this time the asshole stink is AI generated and Taylor Swift has a billion dollars for lawyers.

Oh so sorry we misplaced your paperwork very badly for you Mr Navalny, I cannot say that we have a death certificate for you but I’m sure we could find one if necessary.

Lemmy needs a community dedicated to pointless debate over which flashlight is best. I’m about to permanently borrow somebody’s ThruNite T1 but it’s too heavy, I miss the mini Maglite I used to carry. Phone flash is fine, yes, but I miss a flashlight/torch without a fucking login procedure involved for fuck sake.

They’re expecting you to have a mount for your wall, already installed, even, from the last TV. So the legs are an afterthought, they’re cheap, easy to remove and you’ll probably toss them, they know. So they’re enough to use for store display, no more.

Uh oh how was I to know that Thor High Heels was a minority opinion he said ironically

Ooh, yeah, good call, I always forget them when things get dweeby.

I swear, nothing is commie enough for Lemmy. “Linux? Pshhhsshs! Cuck!” Mentions no alternative

Oh, yeah, that’s the new normal, I’m a bit surprised they gave you a whole 100MB to call your own.

The modern Dad pro-move for giving the kids a game console for Christmas is to sneak the box open, set it up, do all the ridiculous downloads and patches then sneak it all back into the box nice and tidy so that the kids can just open it and go on Christmas morning.

Bond fund here we come, that’s as ensured as you get now, moneybags.

They definitely think Bill Gates is Jewish.

He’s not. No Jewish ancestry and his current practice is a sort of casual Catholic thing, but he also thinks Dawkins is cool, so about what you’d expect. That’s from a quick Wiki check, but still.

Because if he’s on their poster…

Weird thumbnail vs headline. She looks like I just asked her if she wants to hit this joint and she does, which doesn’t go at the top of a story about atrocity.

I’m really not interested in this being a Reddit clone. Several of the subreddits I wanted to be rid of have already popped up, here, while the better side of Reddit isn’t really showing up, especially since Reddit re-opened and purged pesky mods so they could all get back to their scrolling.

Oh, yes lawd, that’s what I need. I need fucking antiwork to shit up the place with their misery vibe while 196 goes skipping back to Reddit and takes all the fun times with her. Sign me up.

I wanted to become involved with a completely different community, with different mores, a different feel, and its own vibe. Fuck Reddit. I left that place looong before the blackout thing, I got tired of its toxic culture that sucked the life out of me after a few minutes.

Now that’s starting to leak into Lemmy and I’m frankly eyeing the door.

If you liked Reddit, you need to go back there. I didn’t like Reddit. I don’t want to go back there. I don’t want there to come here, either.

The joy of the Fediverse is that growth is nice but we don’t NEED growth. A lot of you can’t understand that. You can’t understand that the platform will NOT fail if it doesn’t get the kind of exponential, runaway growth that you associate with social media success. We do not actually need to hit TikTok numbers, ever. We need steady, slow user growth from people wanting something different, that’s what. If the Fediverse becomes the Linux of social media, fine.

So no. No to this idea. Let Reddit stay on Reddit, thank you.

Oh lets all land on the fuckin moon at once

Fuck sake.

The move by Fitch makes sense.

No, it does not help that the US has a very high level of national debt, but here comes somebody to scold me about how debt is different when you’re the government and yadda yadda, so never mind that angle.

No, this is a direct reaction to yet another game of fucking chicken with the debt ceiling. The finance world moves both fast and slow, second by second but also quarter by quarter; for every day trade where microseconds count, there is another action where it takes, oh, 3 months for the relevant body to react to what just happened. This is one of those actions. They’ve spent the last couple of months running their numbers, and now here we are. They have delivered their verdict for the current fiscal quarter, after much deliberation.

It does not make any sense at all to go around talking about US Fed bonds as if they are “zero risk”, or even “effectively zero risk”, if every 8 years there will come a game of chicken slash pissing contest where the hostages are everyone who has been foolish enough to buy US Federal debt under the expectation that the interest rate will be paid on time. If somebody in the US government does not blink in this game of chicken, then fuck you, the US will default on its “zero risk” debt.

And so here is Fitch quite reasonably questioning that status quo, that US debt is “zero risk”.

Keep in mind that the entire damn globe is holding US Treasury Bonds, the debt in question. Just as importantly, the biggest holder of US debt is US citizens. You, somehow. That’s where the yields on a CD come from, and your money market account. US Bonds.

Typically, 10 year US Treasury Bonds provide the highest guaranteed interest rate -ignoring recent rate inversions because COVID black swan shitshow- because obviously if you are going to lock up your money for a decade, you would expect the best return at maturity.

But this debt ceiling BS happens every 8 years. This means that every truly serious investor who holds a 10-year T-Bill, from Wall Street funds to the Chinese government, is heavily exposed to the threat of complete default on this debt thanks to that entire debt ceiling thing, to say absolutely nothing about the solvency of the US government, in general.

That’s not fucking zero risk. And Fitch is tired of pretending that it is.

Fuck sake, they aren’t even trying to have a debate upon whether the US can sustain its frankly obscene debt level. No, it’s just that AAA rating means “zero effective risk, barring nuclear war or alien invasion or some unforeseeable shit” and all that clownfuckery with the debt ceiling is NOT “zero risk”, nor is it unforeseeable.

Is that zero risk? When the person who owes you money can watch the due date tick down from 5 years out and wait until the last fucking minute of the last damn day to decide they’re going to pass the law that will allow them to pay you? No, the fuck it ain’t.

Did they appear to care about the creditors? The bondholders who they owed interest to? No, that whole song and dance was about, I don’t know, probably abortion. The Republicans have been using the debt ceiling as a hostage for a decade or more, so if you’re the French government, for example, and hold a bunch of US Treasury bills, you can’t call that shit zero risk with a straight face, come on. It doesn’t even matter if the US can pay the debt, the question is, will they?

I need you to understand that literally everyone in the world is investing in US Federal debt, it’s not just you, US person. It’s kind of frightening how US Federal debt is the cinder blocks that many other nations are building their economic foundation on. That’s what being the reserve currency is about.

Fitch knows that, and they know it back to front, so when they issue a rating, the weight of it is upon them. Can we call it zero risk? Like zero, zero??

If you have any money in your brokerage money market account, or a CD, anywhere, you’re in this boat, wondering if US Bonds are zero risk. The whole world is in this boat, wondering if US Treasury Bonds, especially the 10-year ones, are really zero risk guaranteed money on maturity. Like, really really, tho? Maybe there’s a smidge of risk? Even the 30 year bonds??? 30 fuckin years on the bond, my dude, zero risk on that?

We’ve all been on American social media, they all talk like they’re going to have another Civil War; probably not, but still. Zero risk on the 30-year US Treasury Bond? That’s a long time. Shit can go nuclear. Zero risk?

Could you look your best fucking friend in the face and say, “oh, yeah, buy a US 30 year Treasury Bond, there is absolutely no risk of any sort on that, you will get your interest even if Florida slips under the sea, taking Disney World with it.” Could you? No.

So pretend that there you are, some team of analysts at Fitch, knowing all of this, knowing more than I do because it’s your job, and looking at each other like, “Can we call this zero risk? Because that’s what AAA means. We all know that. So can we?” And nobody wants to, because it isn’t, and we’re all tired of pretending like it is.

And Fitch looks at the obvious, it downgrades US Treasury debt from AAA - perfect, the best possible - to AA+ - still near perfect, but room for improvement.

Fitch is right. Fitch is right to shoot up the warning flare. We’re lucky that China’s situation is still a bit of a mess, and the United States Federal Reserve needed the wakeup call, not that they want it. We’re lucky that buying a bond from the Chinese Federal Government doesn’t quite make sense, because if the state owns all things, then what is a bond? It doesn’t matter what the answer is, it only matters that we have to discuss it. We all know what a US Treasury Bond is, that’s beyond debate. That certainty elevates it.

It’s not like Fitch are acting up to get attention, fuck that. Every other respectable bond rating house should have done this first. It’s not fair that Fitch has to be the odd ones to call the obvious. Fitch is right. The US needs to get its shit together.

It has been many, many moons

That’s a bummer, hang in there Mastodon, keep bloomscrollin

Hopefully a massive influx of Twitter jerks doesn’t kill what makes Mastodon a nice place in the first place.

Somebody once remarked that it’s funny how everyone acts like Italians all walk around being Mario Brothers but the Italians just roll with it.

It’s because some Italians were the people who invented Fascism as a formal political movement, and you know damn well how that ended up, so if going “It’s-a me, Giancarlo!” every once in a while gets the world to forget, they’ll take it.

But then this happens, and you have to start talking about spaghetti as much as possible.

Reddit has been dying for a while.

Subreddits like AskScience, that it was famous for, are now shells of what they were because the real scientists who put serious time into that subreddit decided they were done wasting that time. This situation is at least a year old, it predates the protest.

You can see this same dynamic across the site. Places that were once vibrant are slowing down, the flood of posts becoming a trickle. Bots are making most of the posts on big subs. Smaller subs that used to hop with human posts are where you can see the truth. It’s not normal for a sub with 500k subscribers to see 10 posts in a week. You see that more often, now.

The truth is that Reddit was always small potatoes. It feels like a big deal when you’re there, but it’s not. The real user numbers are on TikTok, and Instagram, who each have up to a billion users depending on where you get a number. Reddit is barely there, as social media rankings go. There are people with more views on a YouTube video than Reddit has users. Reddit is an also-ran social media site. It’s really not a competitor. It’s just easy to steal from, because text.

Reddit has long had a bad reputation as a shitty, toxic place. Habitual Redditors don’t know this, not really, you have to talk to outsiders. People aren’t that interested in coming to Reddit, they just want answers to their Google searches. It’s not a recipe for growth.

Now the true power users, who provide those answers, are moving away from both Reddit and Google, speaking of a company who best watch its step. A lot of people are starting to talk about Google search the way they talked about Reddit search, which never did get good.

Reddit doesn’t have that far to fall, is what I’m saying. There isn’t a mass exodus, though. You’re seeing a late spasm from a steady tide that has been going out for years. 10 years is a looooong fuckin time for a social platform to be around, they start to rot after the first or second year. Reddit has been rotten for some time.

I see a lot of people, here, and elsewhere, trying to act dismissive about the protests, or about how important the moderators were, but the site’s entire business model depended on hundreds, even thousands of people doing a ton of real labor for absolutely free. If they’ve decided to take an “everyone’s replaceable” attitude and treat volunteers like employees, they’ll pay. It’ll be their IPO sagging down to a couple dollars as they limp to bankruptcy, or purchase, but they’ll pay. I swear I’ll have to buy a couple shares as a collectible.

I’m putting it down as yet another well-earned reminder that you have no business building anything that matters to you on a platform that other people own, it is worth the five minutes a day that it takes to post on it, and no more.

Do not make a job of it, ever, unless that job pays you and pays you so well that people think that you’re really a stripper and your job title is just a cover story. “Social Media Manager”, gotta be code for OF, bro.

That’s how much money you should be making doing labor for a multimillion-dollar corporation. It was fuckin Conde Nast for a hot minute. If the boss can just take your mod and your community away, then you only ever worked there, for free. You were never building a community, you were building their property, for free. You have to stop doing that, and you have to stop presenting it as a virtuous act, unless some fundamental things change.

If you’re going to put a lot of work in for your own reasons, then you owe it to yourself to do it under your own control, or not at all.

I see an opportunity on the Fediverse to start from the old model of internetting and jump off to something new that just looks old, where it makes sense to put that work in, but for now it is what it is.

Reddit still lives, like Theoden cobwebbed in his throne, but nobody will come and banish Wormtongue. It’s still gonna take years for that old man to die.

Fuckin Yahoo isn’t anywhere close to dead. Neither is Digg. Well, maybe Digg.

The thing we North Americans are always a bit too arrogant about is if Reddit somehow gets big in India, or Brazil, then they don’t need us, and we’ll never know because we don’t speak the language. So it’s gonna take time for Reddit to fuck that up, they got options.

But don’t be too dismissive about the idea of “mass exodus”. Digg lost most of its userbase, literally overnight, and it was because of shitty ads. If the only app you can use now is the app that sucks and serves lots of shitty ads in your face, that will do it. People aren’t that habitual. It is very, very easy to leave a social site.

I quit TikTok over one shitty post that was my last straw, you just delete the app and forget about it. Yet TikTok is social media heroin. Reddit is a bunch of dudes yelling about shit that isn’t worth yelling about. It is much easier to quit. The phone app era means once you delete, it’s gone, and it helps to break the cycle. It can and probably will happen, 90% of the remaining users will drop it like it’s covered in bedbugs, they just have to stick huge unskippable ads in everyone’s face, and they’re fucked.

I just don’t think that is going to make the splash you’d expect.

But no, no mass exodus, not yet. I’d keep the popcorn bowl close by if I were you, though. I will not put it past them to turn an IPO into a fail state.

“Gettin shitty”, my buddy’s personal phrase for getting drunk, probably hoisted from his dad.

A man had to go to the trenches for that line, it is no wonder that it lives on so long.