The Titanic fanously sank on its maiden voyage, so that’s a little different. The Titan submersible was successful for hundreds of dives before the implosion, which I’m sure gave the team a false sense of security and ultimately led them to ignore all the red flags.
Doubt it. It’s just dumb low effort posting over here trying to force inside jokes on Lemmy. I blocked all of that sort of stuff back in the day on Reddit, and I blocked it here too.
The past 15 years of growth in anything technology adjacent has been fueled by one thing: Extremely cheap debt. Interest rates have at been rock bottom since the 2008 crisis, and they’ve only started to tick up recently. That means the ability to fund infinite growth for basically nothing, so tech companies have relied heavily on debt financing.
Now though, that’s no longer viable. Silicon Valley Bank was very heavily involved with all these tech companies, and it went insolvent in March largely because of rising interest rates. They held a lot of long term bonds at low interest rates. In normal conditions, rising interest rates mean lower bond prices and unrealized losses, but not a major problem because they can just hold them to maturity and never realize the loss. Bank runs forced SVB to sell the bonds for huge losses though, turning unrealized losses into realized losses, and a non-issue into a major problem.
Now that cheap debt is gone, these tech companies are desperately scrambling to attain profitability. It hasn’t been discussed much, but this is a big reason for the changes at both Twitter and Reddit.
Side downloading .apk files from something other than the Google Play store is shady as hell. It’s way too easy to sneak malicious code into the app that way. Even if the project is open source, I don’t have the time or the skillset to review the code to confirm it’s not malicious. No offense to the developers, but there’s no chance in hell I’m doing that for an upstart app I knew nothing about a month ago.
As a result, I’m using Lemmy via Firefox’s mobile browser right now, with Jerboa completely useless crashing the second I open it.
Hopefully they fix it soon (i.e., within the next 24 hours). First impressions matter a ton. For the masses migrating tomorrow once RIF and others shut down, Lemmy and the different apps for it will appear to be dead on arrival. If we expect any actual content on Lemmy beyond complaints about Reddit and questions about Lemmy, we need those people to migrate over.
The idea that different fediverse instances can all be on different incompatible versions is mind bogglingly dumb. The federation/decentralization design choice overcomplicates things to a huge degree. There are far more downsides than upsides to this approach. I want to like Lemmy/Jerboa, but at this point, the official Reddit app is looking more and more appealing.
No chance.
Creating a Reddit alternative is easy because you only need to host text, and text doesn’t take up a lot of space. The entirety of Wikipedia’s text, for instance, can be compressed into something like 22 GB, which is small enough that it can be stored on low-end consumer hardware from 20 years ago. The more difficult problem is getting a user base: people don’t want to switch unless they have a compelling reason to, and even with Reddit shitting the bed recently, Reddit alternatives are still pretty empty.
With video, you have both problems. Like Reddit alternatives, getting people to switch and produce content for the platform is difficult as hell. However, even if you somehow manage to succeed at that, video takes up an enormous amount of space. It simply isn’t feasible to host that much content without millions/billions of dollars of funding available if the platform takes off, and no company wants to invest that sort of money on a low probability gamble competing against one of the largest companies in the history of the world.
I was gifted Reddit gold a few times over the years for random comments I made, which gave access to the lounge subreddit. It’s mostly nothing but dumb memes roleplaying as gilded age oil tycoons and the like. Definitely not worth paying anything for access to it.
It might feel like forever in internet time, but it’s only been two and a half weeks since the thing imploded and two weeks since the rescue operation was called off after finding debris from the Titan. Two weeks is lightning fast for a company to formally shut down in response to something like this, especially when you consider that the company’s employees have been grieving the death of their CEO/friend during all of this.