On a technical level, federation is arguably just as compatible with libertarianism. Each instance is its own island nation, free to set its own rules while members vote with their feet in free association. That it hasn’t gone that route is more to do with the founding population than the technology.
It’s what happens when people treat money as an investment and don’t spend it. Money that’s useful as money would be a bad investment.
If they’re invested in businesses, the capital gets recirculated in the economy and becomes someone else’s income.
What you describe would be worse without inflation. The rich would still have most of the capital, but they also wouldn’t bother investing it either, which at least recirculates the money and becomes income for others.
Better yet, look at crypto, where people believe inflation is all about monetary supply and restrict it on purpose. The result? Wild volitity, huge crashes, and low velocity of money because everyone hoards it instead of spending.
Income-generating assets are doing something to generate that income, which is presumed to have some beneficial effect on the economy more than cash sitting under your mattress does.
Increase in the money supply does not in itself cause prices to go up. There’s an indirect mechanicism but it’s not automatic.
*Product Manager. They meet with customers, analyze the competitive landscape, set the feature development roadmap, and define requirements for engineering teams. The “I’m a people person!” guy in Office Space.
Look at animated movies. They’re giant collaborations of hundreds of mostly anonymous people, basically large software development projects. They hire stars to do the voices, not because they’re all that great as voice actors (trained voice actors can often be had cheaper), but to be the face of the film in public and promote it.
That is, the skill of a Hollywood star is not really anything to do with the product, but simply being famous, recognizable, and likeable. They are a brand, like Mickey Mouse or Colonel Sanders (once an actual person!).
I think it makes a lot of sense as a series of emotional reactions, mostly from spez. He won’t back down and no one can make him.
They don’t want to serve ads through the API because ad buyers care about exactly how the ads will be presented. The apps would have to work very closely with Reddit to ensure consistent ad presentation, which is more work for them so they don’t want to do it.
The API price was plucked out of thin air, presumably based on what they believed OpenAI/Microsoft/Google would be willing to pay. Third party apps were acceptable collateral damage.
They’re not trying to fast. Sugary drinks (juice, non caffeinated soda, Gatorade, Pedialyte) are probably a good idea, plus calorie dense foods like energy bars.
The primary function of the app is to record a GPS activity with your phone. If you already have a GPS watch and like using it, I don’t see the point in using both. And I’m not sure about Coros, but Garmin at least give you the option to manually download your GPS traces directly from the watch without using their web services if you’re concerned about privacy.