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It already is everywhere except yeehawistan.
It already is everywhere except yeehawistan.
This would actually kill a significant number of people, especially if they didn’t know it was about to happen.
I think the biggest outcome of that would be phone batteries getting much bigger.
That’s why we have a “fractional reserve” system in place pretty much everywhere.
And besides, they haven’t created that money, as the first person has a balance of -80.
What the fuck have you been smoking?
The hell are you on about, reserve banks can create money, but a retail bank borrows it from someone else and loans it to you.
And if that “somewhere else” can get a better deal elsewhere, they won’t loan it to the bank in the first place.
Why would any institution give you a mortgage on those terms?
Who are Hexbear? And why are people defederating from them?
People with itchy balls, who do you think?
The difference to YouTube is that it’s not intended to create a huge platform centralizing videos from the whole world on a single server farm (which is horribly expensive).
From their website. It’s a very different system, and also not funded by advertisers, which means someone else has to pay the bills.
Convincing content creators to upload their videos to multiple platforms will be easy, as will uploading their old work
You just end up with a chicken and egg situation with viewers and creators.
They explicitly say in their description they’re not a replacement for YouTube.
This has a very “still obsessed with my ex” vibe, just saying.
The biggest problem to me, seems to be the lack of ability to block people, communities, and instances. It’s built into some apps, but really needs to be part of the platform.
I block all porn instances, for example.