[HN Gopher] Protocols, not platforms
       ___________________________________________________________________
        
       Protocols, not platforms
        
       Author : allenbrunson
       Score  : 83 points
       Date   : 2022-12-21 12:16 UTC (10 hours ago)
        
 (HTM) web link (allenbrunson.com)
 (TXT) w3m dump (allenbrunson.com)
        
       | distcs wrote:
       | > Its decentralized nature makes some things a lot more difficult
       | to pull off than its competitors.
       | 
       | Help me understand one thing about Mastodon. We choose a Mastodon
       | server to create account. What is decentralized about it? Doesn't
       | choosing a server make it effectively centralized? I choose
       | mastodon.social. What is there to stop mastodon.social from a
       | change of ownership that makes it fall in the hands of people who
       | take user-hostile decisions?
       | 
       | I know we can create a new account on a new Mastodon server and
       | move all the followers but that's about it. We can only move the
       | followers. We cannot move our post history. So when I choose
       | mastodon.social or any Mastodon server, am I not putting all my
       | eggs in one basket again?
        
         | allenbrunson wrote:
         | my mastodon account is less than 48 hours old, so i am not the
         | best person to answer this. i will say this much, though:
         | anything i write that i feel has value will always go onto a
         | site that i control. currently, that's my blog with my name on
         | it. if i'm forced to move to a new mastodon instance, i won't
         | lose much.
        
           | loudmax wrote:
           | You should consider linking to your Mastodon profile in your
           | blog. I didn't see it in that post, or in your "About" page.
        
             | allenbrunson wrote:
             | my mastodon link is on the front page of my site. i decided
             | not to put it in the article because i want to emphasize
             | the phenomenon rather than my own small place in it. and
             | who knows, maybe i'll move soon, just to demonstrate for
             | myself that it is possible.
        
         | Andrew_nenakhov wrote:
         | > Doesn't it make it effectively centralized?
         | 
         | The word you are looking for is _federated_. Different Mastodon
         | servers comprise a so-called federation, so servers belonging
         | to it can exchange data between each other. There are many
         | federated protocols, for example, email and xmpp are federated.
         | Some server owners choose to not be part of federation, or
         | refuse to connect to some specific servers in a federation.
         | That 's what happened to Gab a few years ago.
        
           | distcs wrote:
           | The word _federated_ makes total sense. Thanks! The word
           | _decentralized_ was written by the author of the OP, not by
           | me and that 's why I needed to ask the folks here if Mastodon
           | is really decentralized. Your comment clarifies it for me. So
           | thank you!
        
             | taurusnoises wrote:
             | Maybe a little sticky, but decentralization doesn't
             | discount that there are nodes, or points where things
             | gather. In fact, decentralization, as I've always
             | understood it (coming from anarchism background), is that
             | there is no _central_ node to which all others are
             | beholden. Rather, there are centers (plural). So....
             | 
             | At the level of instances (plural), no one is central. The
             | network is decentralized, containing multiple centers, all
             | (most) of which are connected through federation (the word
             | "affiliation" is not too far off either). And, while yes,
             | any one instance _could_ be considered a  "center" and thus
             | maybe considered to be centralized, it really isn't.
             | Decentralization is less about a single specific object or
             | node, and more about how said objects interact and relate.
             | 
             | Side note: I think when it comes to convos around
             | decentralized networks, there really needs to be more
             | investment in how they differ from distributed networks. In
             | that difference is a ton of insight about how systems
             | function, etc, imo. Personally, I'm much more interested in
             | distributed networks.
        
             | r721 wrote:
             | I like how Jay Graber (who is now CEO at Bluesky)
             | formulated it in old blog post:
             | 
             | >Calling a network "decentralized" only defines it by what
             | it is not -- it is not dependent on a single set of servers
             | run by one company. What it actually is can look like many
             | different things. Federated and peer-to-peer (p2p)
             | protocols are different approaches to designing networks
             | that structurally empower users.
             | 
             | https://medium.com/decentralized-web/decentralized-social-
             | ne...
        
             | dekken_ wrote:
             | Mastodon is part of the Fediverse.
             | 
             | https://en.wikipedia.org/wiki/Fediverse
        
         | loudmax wrote:
         | You created your account with mastodon.social. My mastodon
         | account is with techhub.social. So your eggs are in that
         | basket, but my eggs are in a different basket and others' eggs
         | are in yet more baskets. You can argue that all of your own
         | eggs are in one basket, but not _everybody 's_ eggs are in that
         | one basket.
         | 
         | Some narcissistic infantile billionaire could buy out
         | mastodon.social and burn it to the ground, but the rest of the
         | Mastodon network moves on. You'd have to relocate, which is a
         | pain, but you're not relocating at the same time the rest of
         | the world is relocating. Decentralization is resilient, not
         | bulletproof.
        
         | serverholic wrote:
         | Yes. Also whoever runs the server can read your DMs.
         | 
         | This is also true of big social networks however those
         | companies usually have access controls that prevent employees
         | from accessing private data. Some random mastodon server isn't
         | going to have that.
        
           | bin_bash wrote:
           | I don't understand why you're being downvoted. I'm not
           | familiar with Mastodon's architecture but I highly doubt DMs
           | have E2E encryption--so the server maintainers must be able
           | to get to DMs.
           | 
           | Correct me if @serverholic is wrong here.
        
             | Andrew_nenakhov wrote:
             | We maintain a free messaging server for many years and
             | believe me, there are far more important and interesting
             | things to do for a server operator than looking at some
             | random user DMs. It is simply _not interesting_.
        
               | bin_bash wrote:
               | yikes. OK, then I'm definitely never using Mastodon. At
               | least at Twitter and Facebook the employees have a strong
               | incentive to not breach my privacy expectations other
               | than me not being "interesting".
        
               | Andrew_nenakhov wrote:
               | That was precisely the same with every single forum or
               | email server since the beginning of time. And you know
               | what, the capability to log in from anywhere and read
               | your messages trumps privacy concernts for 99% of users.
               | For the rest there are ways to exchange information
               | without risk of it being accessed by third party.
        
               | serverholic wrote:
        
               | Andrew_nenakhov wrote:
               | > instead of YES WE SHOULD IMPROVE THAT.
               | 
               | No, most likely we shouldn't improve on that. If you
               | force an end-to-end encryption on all users, you'll
               | introduce an extreme inconvenience for users so they'll
               | have to do things like identity verification of their
               | messaging partners, do fingerprint matching, and also
               | lose the capability to easily sync messaging history
               | between different devices. Or you could skip on major
               | inconveniences like identity verification, turning your
               | encryption into a security theater [0].
               | 
               | 99,9% of users want convenience and a warm fuzzy feeling
               | of being secure, they don't want to exchange keys and do
               | other nasty stuff that real e2ee requires of the. This
               | was proven in force by Durov, who just promised that his
               | app is the most secure ever, while, in fact, all regular
               | messages in Telegram are unencrypted (except so-called
               | secret chats), and I'm yet to receive a secret chat
               | request in telegram from anyone.
               | 
               | [0]: https://en.wikipedia.org/wiki/Security_theater
        
               | distcs wrote:
               | So the answer is yes, the server operators can look at
               | our random DMs. You may not be interested in looking at
               | them but some other server operator might. So it is a
               | good thing to know this beforehand to know what we are
               | getting into.
        
               | adwn wrote:
               | Not sure if you're serious, or if this is some attempt at
               | satire?
               | 
               | If it's the former: Okay, it's great that you don't feel
               | the temptation to spy on your users, but even the most
               | basic understanding of human nature should tell you that
               | this doesn't generalize to all (or even most) people and
               | organizations that would run a messaging server, free or
               | not.
        
               | Andrew_nenakhov wrote:
               | I'm serious and I also know many operators of public
               | servers. Unless you are somebody important/person of
               | interest for various three letter agencies, no one cares
               | for your messages. If you are such person, just run your
               | own server and use e2ee. Other than that, enjoy the
               | convenience and easy message syncing and server side
               | search the unencrypted messaging brings.
        
             | fsflover wrote:
             | I downvoted the parent, because they are missing the point
             | of a public social network. It was never the goal of
             | Mastodon to provide a place for private communication. Use
             | Matrix for that.
             | 
             | Mastodon is for speaking publicly.
        
               | serverholic wrote:
               | A direct message is implied to have a certain level of
               | privacy. By definition they are not public.
               | 
               | Mastodon should at least have some way of indicating that
               | the server owners can read their messages.
        
             | 0x20cowboy wrote:
             | DMs do not have e2e encryption. Don't use it for non-public
             | things.
        
         | zimpenfish wrote:
         | > We cannot move our post history.
         | 
         | At the moment. There's good reasons why not[1] but those can be
         | worked around if people come to consensus[2].
         | 
         | [1] Because it's a push system, you'd have to re-push all those
         | posts from the new account and that's not even necessarily the
         | same set of people they were pushed to in the first place, etc.
         | 
         | [2] e.g the re-pushing can be obviated by having servers
         | rewrite their local copies of statuses to the new account ID on
         | receipt of an "A is now B" message. Obviously you'd need to
         | make this unspoofable, etc., but the theory seems sound.
        
       | agluszak wrote:
       | > Right about the time a product achieves a near-monopoly, some
       | genius product manager decides it is time to tighten the screws.
       | Make search just a little bit worse, so the company can make more
       | from ads. Make the user's experience just a little bit worse, to
       | increase engagement, and make more money from ads.
       | 
       | That's exactly why capitalism must be regulated.
        
         | allenbrunson wrote:
         | you know what they say: capitalism is the worst form of
         | government, except for all the other ones. i am at a loss as to
         | what would work, here.
         | 
         | (edit: whoops, democracy, not capitalism)
        
           | agluszak wrote:
           | Nitpick: they say it about democracy. Capitalism is
           | (hopefully) not a form of government (yet).
           | 
           | I'm not saying that we need a completely different system. We
           | need more regulation. Stronger FTC in the US, more anti-
           | monopolistic policies everywhere. Prevent big corporations
           | from locking in their customers/users and creating walled
           | gardens. Use open technologies in state administration[1].
           | Release publicly-funded code as open-source[2]
           | 
           | Basically implement everything Electronic Frontier
           | Foundation[3] and Free Software Foundation Europe[4] have
           | been advocating for since forever.
           | 
           | That would be a radical change, yes, but not a revolution and
           | cOmMuNiSm.
           | 
           | [1] https://element.io/blog/bundesmessenger-is-a-milestone-
           | in-ge... [2] https://publiccode.eu/ [3] https://www.eff.org/
           | [4] https://fsfe.org/
        
             | allenbrunson wrote:
             | right, democracy instead of capitalism, i should have
             | looked it up. and yes, i would support all of that. the big
             | roadblock, it seems to me, is that our government in the
             | usa is now so dysfunctional as to make that stuff all but
             | impossible. not sure how we get out of that quagmire.
        
           | ambientenv wrote:
           | "as to what would work" ... that's because we, the collective
           | we, have not spent any sincere time and effort to find other
           | ways. Capitalism in it's various incarnations and disguises
           | has worked extremely well for just the right amount of
           | people. Those days are coming to an end, and unlike, say, the
           | laws of physics, we can adopt new beliefs, values and ways of
           | doing things that benefit the collective we. Finance is
           | basically made up as we go as it is.
        
         | commandlinefan wrote:
         | > why capitalism must be regulated
         | 
         | It is regulated, pretty heavily, and we still get
         | shrinkflation. I'm not even sure what sort of regulation you
         | could propose that would protect against that - you don't
         | seriously believe that this doesn't happen in communist
         | economies as well, do you?
        
         | notwokeno wrote:
         | IMO capitalism isn't the problem, non-free software is.
         | 
         | We actually had chat interoperability between all the major
         | social networks/email providers via XMPP and that ended about
         | when the iPhone came out.
        
           | lucideer wrote:
           | > _We actually had chat interoperability between all the
           | major social networks_
           | 
           | No we didn't - XMPP is a federated protocol & none of the
           | major networks ever supported federation. The XMPP protocol
           | came with a lot of decently implemented open source packages
           | that helped those companies get their chat systems off the
           | ground & to a point where they could lock them in. Supporting
           | federation from the beginning would've made that lock in much
           | more difficult, so it wasn't in their interest. i.e. a
           | capitalist disincentive.
           | 
           | Capitalism is the problem, you're just doing your best to
           | find excuses for it elsewhere.
        
             | ryukafalz wrote:
             | > XMPP is a federated protocol & none of the major networks
             | ever supported federation.
             | 
             | Google Talk did. It was the only one, though, so GP's
             | assertion that multiple major networks did is indeed
             | incorrect.
             | 
             | But we came closer to federation between big players than
             | you're implying. One more would have done it.
        
             | cmdrk wrote:
             | It can be a little bit of both.
             | 
             | For what it's worth, for a time Google Chat federated other
             | XMPP services and it worked just fine. They eventually shut
             | that down for $GOOGLE_REASONS.
             | 
             | Companies aggressively going after open source 3rd party
             | clients caused interoperability to suffer greatly.
             | Mandating open standards can help mitigate the most user-
             | unfriendly parts, which often turns out to be the "business
             | model".
        
       | allenbrunson wrote:
       | (i stole the title from mike masnick. if he's upset about that, i
       | would be happy to credit him, or change it.)
        
       | carapace wrote:
       | > If you are unfamiliar with Mastodon, you will no doubt wonder
       | what the big deal is. How is this one going to be any different
       | than its slimy competitors?
       | 
       | I think it's important to remind people that Mastodon isn't a
       | "competitor" to proprietary social media, it's an _alternative_.
       | 
       | No one cares whether you use Mastodon or not-- I mean people do
       | care, they like you and want to interact with you, that's not
       | what I'm getting at. I mean that no one is getting paid or not if
       | you do or don't use Mastodon. In other words, there's no stock
       | ticker for it, there's no investors, no executives, no marketing
       | dept., etc. It's just folks talking to each other, on their own
       | terms, over the Internet.
       | 
       | It's a totally different thing than Twitter. They only
       | superficially resemble each other in some of the UI.
        
       | luuuzeta wrote:
       | >I can't say that Twitter was exactly an exception to this rule,
       | for me. I never liked it enough to contribute my own content to
       | it. I do like its userbase enough to have spent many hours
       | reading it, over the last couple of years. That all came to a
       | screeching halt in the last month or so, when it was acquired by
       | a tyrant.
       | 
       | Oh my hyperbole, what would we do without you?!
       | 
       | >Then came the exodus from Twitter, due to the tyrannical new
       | owner. Many of the voices that I have come to appreciate the most
       | are leaving. In particular, the ones with the highest morals were
       | the first to jump ship. As well they should! If you stay on
       | Twitter, the way it is now, and continue to contribute your
       | content to it, then you are saying that you approve of the
       | tyrant-in-chief banning reporters for writing about things that
       | make him look bad.
       | 
       | Oh my hyperbole! It's interesting to see the dichotomy between
       | people who think Twitter was a safe haven and people who think it
       | was a hellhole.
       | 
       | And you can both support that Elon Musk shouldn't have been so
       | trigger happy banning reporters without a clear policy in place
       | AND that doxxing should earn you an instantaneous and permanent
       | ban.
        
         | allenbrunson wrote:
         | hey, here's an opportunity to respond to a thing i've seen
         | going around a lot.
         | 
         | in one respect, elon musk and i agree: the twitter bots that
         | follow airplanes around are egregious and in poor taste. i
         | would be fine with twitter having a policy saying that they are
         | off-limits.
         | 
         | ... but that's not at all what he did. his approach was
         | erratic, scatter-shot, and full of post-hoc rationalizations.
         | it's that sort of gaslighting and lying that is the real
         | problem, not being against plane-tracking bots.
        
         | commandlinefan wrote:
         | > when it was acquired by a tyrant
         | 
         | Especially grating when you consider the previous owners were
         | far more tyrannical for a much longer period of time.
        
           | luuuzeta wrote:
           | Exactly! I stopped reading when I reached that paragraph. I
           | cannot take anyone pedestalizing journalists and leftists in
           | general as "the ones with the highest morals" seriously,
           | despite all what was going on with Twitter. After all it's
           | not like it cannot be disproven quite easily.
           | 
           | - Opaque moderation (at least more opaque than the current
           | one)
           | 
           | - Banning and shadowbanning users despite admitting the
           | administration admitting they didn't violate company's ToS
           | 
           | - Soft banning users regularly so they could build a case to
           | outright ban them once and for all
           | 
           | - Collusion with some three-letters agencies (see Twitter
           | Files) to censor speech, bury newsworthy stories, etc
           | 
           | - Journalists were treated as a separate class above regular
           | users.
        
       | riffic wrote:
       | Eugen Rochko is doing an "ask me anything" now in the Mastodon
       | subreddit if anyone is curious.
       | 
       | https://mastodon.social/@Gargron/109546596477513691
        
         | allenbrunson wrote:
         | yep. good stuff! this is all new to me. eugen seems like a good
         | steward of his platform.
        
       | TheMagicHorsey wrote:
       | People should also check out Bluesky and Nostr. Both are open
       | protocols for social media.
        
         | allenbrunson wrote:
         | agreed. if either one takes off and leaves mastodon in the
         | dust, i am happy to support the winner, whatever that turns out
         | to be.
        
       | sposeray wrote:
        
       | distcs wrote:
       | > Yes, Mastodon is more difficult to use than whatever social
       | media platforms you are on now.
       | 
       | What about Mastodon is more difficult to use? Isn't it just
       | choosing a server, typing its URL, signing up for a new account
       | and then you are ready to post?
       | 
       | The UX does not look any more difficult than Twitter either. Both
       | support search, hashtags, following people, creating lists,
       | retweets (called boost in Mastodon), commenting. The UX looks and
       | behaves similarly too. So why do people say that Mastodon is more
       | difficult to use?
        
         | allenbrunson wrote:
         | argh, if only it were that easy. if you try to follow someone
         | who is not on your instance, there is a whole rigamarole you
         | have to go through. likewise, if you try to interact with a
         | post, but you're viewing it on somebody else's server, rather
         | than your own.
         | 
         | this is a price i am more than willing to pay, for the first-
         | ever social media phenomenon i feel good about participating
         | in.
        
           | distcs wrote:
           | > if you try to follow someone who is not on your instance,
           | there is a whole rigamarole you have to go through.
           | 
           | Can you be more specific? What rigmarole did you have to do ?
           | 
           | For me, I just hit the follow button on anyone I like and it
           | just works, even if they are on different instance than mine.
           | Their posts now show up on the page my instance serves me.
           | Same for commenting or boosting posts of other people on
           | other instances. I just hit the boost button and it just
           | works. Commenting also just works. What did you have to do to
           | follow someone on a different instance?
        
             | allenbrunson wrote:
             | are you using one of the apps? if so, then yes, it's as
             | easy as that. but if you are using a web browser, then
             | that's where all the rigmarole comes from.
        
               | distcs wrote:
               | No, I am just using the https://mastodon.social/ website
               | on browser.
               | 
               | > but if you are using a web browser, then that's where
               | all the rigmarole comes from.
               | 
               | Requesting again. Can you be more specific? What
               | rigmarole do you have to do? Does hitting the "follow"
               | button of a user on another instance from your instance
               | not work for you? Do you get an error? Some other issue?
               | Details please!
        
               | allenbrunson wrote:
               | if you look at a user or post who is on your server,
               | i.e., the domain displayed in the url bar is your server,
               | then you're fine. if you're viewing a post or user on
               | their own server, i.e., it is _their_ domain in the url
               | bar, instead of _yours_ , that's where things get ugly.
        
               | distcs wrote:
               | > the domain displayed in the url bar is your server,
               | then you're fine. if you're viewing a post or user on
               | their own server
               | 
               | Wait! You do know you can see the users and posts of any
               | server (even if it is not the server you are on) on the
               | server you have account with, right?
               | 
               | Like https://mastodon.social/@fosstodon@fosstodon.org
               | shows you a fosstodon.org user on your mastodon.social
               | instance and all you need to do is hit the follow button!
               | 
               | Here is the opposite.
               | https://fosstodon.org/@Gargron@mastodon.social where you
               | see a Mastodon.social user on fosstodon.org instance.
               | Again you need to just hit the follow button to follow
               | that user from fosstodon.org. As simple as that! You
               | don't really need to find a way to log into the other
               | server. You don't have to do any rigmarole or ugly stuff.
               | That's how federation works!
        
               | allenbrunson wrote:
               | here's an example from in the wild:
               | 
               | https://mastodon.social/@willoremus/109552745423998782
        
               | allenbrunson wrote:
               | > Wait! You do know you can see the users and posts of
               | any server (even if it is not the server you are on) on
               | the server you have account with, right?
               | 
               | yes. but that is not convenient, and definitely not how i
               | have used a web browser, up to this point.
        
               | [deleted]
        
           | turmeric_root wrote:
           | agreed. i've been on masto for 4-5 years now and while i do
           | understand why this is a pain in the ass that doesn't make it
           | any less annoying.
        
         | turmeric_root wrote:
         | > So why do people say that Mastodon is more difficult to use?
         | 
         | - the contents of a thread differ depending on which instance
         | you are viewing it from. replies from users that your instance
         | is not subscribed to are not shown, so you need to view the
         | thread on its origin instance in order to see the full thread
         | context. on my instance lots of federated posts appear to have
         | no replies, while on their origin instance the posts have
         | dozens or hundreds of replies.
         | 
         | - - side note: this is why i don't recommend asking a tech
         | support question if you're on a large mastodon server, you'll
         | get flooded with identical replies for days from helpful people
         | who think no one else has answered your question.
         | 
         | - search results also differ depending on which instance you're
         | using. hashtag search only applies to the federated timeline,
         | so if I tell you to check out #coolthing we may have completely
         | different results, or you may not even see any results.
         | 
         | - poll results, post favourite/boost counts aren't replicated
         | in real-time between instances, so they vary between servers.
         | when a poll ends you'll get a notification from the origin
         | server with the final results but until then you'll just see
         | votes that come from your instance.
         | 
         | - pinned posts for users from other instances don't always
         | federate, so again you need to view user profiles on their
         | source instance to be sure that you're seeing pinned posts.
         | 
         | - mastodon 4.0 introduced post editing, but replication lag
         | across fedi can range from hours to days. it's not uncommon for
         | someone to edit a post and get confusing replies because the
         | edit hasn't been propagated to other instances.
         | 
         | - if you get linked to a mastodon post in the wild, you need to
         | copy-paste it into your instance's search bar to interact with
         | it.
         | 
         | - post deletion takes a while to propagate, and certain server
         | implementations ignore deletion requests. this can be confusing
         | when both you and a person on another server are discussing
         | someone's profile.
         | 
         | imo mastodon makes more sense if you see it as a distributed
         | system that achieves eventual consistency with an SLA of a few
         | days. that is understandably confusing for most people.
        
         | jacooper wrote:
         | Choosing a server is incredibly confusing for the average joe
        
           | distcs wrote:
           | The average joe can just sign up for https://mastodon.social/
           | can't they? How is it really more difficult than signing up
           | for Twitter or Facebook?
        
             | jacooper wrote:
             | No, not currently. Official mastodon servers are filled to
             | the brim.
        
             | dymk wrote:
             | If you can figure out that's the "main" server to go sign
             | up on, sure.
             | 
             | With Facebook and Twitter there is no question where to go
             | sign up. That's less clear with Mastodon. Simply knowing
             | one has a choice of servers will turn some away.
        
               | distcs wrote:
               | Ok! Granted there is some effort to figure out which
               | server to choose. Isn't everything as easy as Twitter
               | after that?
               | 
               | Arguably, it is even easier than Twitter because what
               | really happens on Twitter these days is you sign up for
               | an account, follow a few people, make a few posts and
               | then suddenly find yourself to be blocked due to
               | suspicious behavior. Mastodon is free of this nonsense so
               | arguably Mastodon is easier to use?
        
               | [deleted]
        
               | dymk wrote:
               | It's still harder to use even once you're signed up. I'm
               | not able to click on a user's profile and see their
               | posts, unless I go directly to the server that their
               | account is on.
               | 
               | That's presumably a setting configured on my particular
               | instance, but it's just _weird_.
        
           | shanebellone wrote:
           | My name isn't Joe, but it all looks sketchy to me.
        
             | jacooper wrote:
             | The easiest way to understand it is to just think of
             | mastodon/fediverse like E-Mail.
             | 
             | An email address is a user name @ server Activitypub is the
             | same.
        
               | shanebellone wrote:
               | I do understand the technology and paradigm. It just
               | appears gimmicky. The shift in approach does not tangibly
               | benefit me. It benefits Mastodon, the servers, and
               | probably (if not now, eventually) advertisers.
        
           | allenbrunson wrote:
           | i agree with that! i solved it the way you're supposed to
           | deal with new technology, i think: i lurked for awhile. read
           | accounts from other mastodon users, to get a feel for things.
        
       | jacooper wrote:
       | > (As long as I am ranting: what the hell is up with
       | billionaires, anyway? Quite a few of them have accumulated more
       | money than they could spend in a hundred lifetimes, but still
       | they want more. It's disgraceful.)
       | 
       | I mean its more like equity than real money they can directly
       | spend.
       | 
       | Also most of their wealth is in companies that are no where near
       | worth their marketcap, such as Tesla which isn't even close to VW
       | in sales, yet somhow is worth more.
       | 
       | So once the hype dies down, or the founder sells enough stocks,
       | the market cap is going to take a nose dive for sure.
       | 
       | And as rich as elon is, we have seen how he is putting _Billions_
       | into twitter, so they can spend it, just not in normal lifetime
       | stuff.
        
         | bin_bash wrote:
         | Economics Explained did a great video on the topic of how
         | diversification is a big problem for some billionaires:
         | https://www.youtube.com/watch?v=0MeRN7LE1LQ
        
         | seanhunter wrote:
         | I have met and worked with a few billionaires now and they all
         | had one thing in common which I think explains some of this
         | well.
         | 
         | Firstly, they spend the _vast_ majority of their time with
         | enablers, fluffers and sycophants fulfilling their every whim,
         | constantly telling them how great they are and how brilliant
         | all their ideas are etc. It's bad for anyone's ego to have only
         | that sort of feedback. Someone once told me that because people
         | are scared of giving powerful people bad news his theory of the
         | organisation was a tree of monkeys. When you look up all you
         | see is assholes and when you look down all you see is smiling
         | faces. Well billionaires are at the top of most trees and so
         | all they hear is good news and all they see is smiling faces.
         | That means they become disconnected from reality to the point
         | of seeming unhinged to the regular mass of people.
         | 
         | Secondly, the billionaires I have met hang out a lot with other
         | billionaires or similar ultra-rich folks. They are envious of
         | people even more rich and successful than them until you get to
         | the very top and there they are paranoid about losing their
         | status to others on the rise. This makes the first phenomenon
         | more acute and they radicalise each other. You can see this in
         | the DMs that were published between members of Elon's circle
         | leading up to the twitter acquisition. All sorts of people were
         | telling him how brilliant a job he was going to do at twitter
         | and how his idea of taking an axe to the org chart etc was the
         | a surefire recipe for success.[1]
         | 
         | [1] Check this out and you'll probably cringe like I did
         | https://www.theatlantic.com/technology/archive/2022/09/elon-...
        
           | carapace wrote:
           | One of my favorite jokes from the Simpsons: Homer and Mr.
           | Burns are chilling in the rocket house
           | 
           | Homer: Mr. Burns, you're the richest man I know.
           | 
           | Mr. Burns: Ah yes, but I'd trade it all... for a little more.
           | 
           | - - - -
           | 
           | > people are scared of giving powerful people bad news
           | 
           | Robert Anton Wilson called it the "Information Disease":
           | people lie to those that have the power to hurt them, so
           | hierarchical systems are controlled by elements that perforce
           | have bad information.
        
       | gambler wrote:
       | When your revolution against "platforms" is led by people who
       | host all their code on GitHub and have a public LinkedIn profile,
       | you're not paying attention to your surroundings and will
       | inevitably be taken advantage of.
        
         | allenbrunson wrote:
         | i host, like, _maybe_ two percent of my code on github. what 's
         | there is just for show. and i am no great fan of linkedin, that
         | is for sure. same with facebook. but i am not quite such a big
         | deal that i can afford to ignore all of those big bad
         | platforms. i am not quite ready to go live in a cabin in the
         | woods, in other words.
        
           | gambler wrote:
           | So, in essence, you don't have anything meaningful to respond
           | with. You're perfectly fine with using centralized platforms
           | when it's convenient and their ownership aligns with your
           | ideology. You might say you don't like them, but you like
           | them well enough to put links to them on your personal
           | website.
        
             | allenbrunson wrote:
             | you seem to be advocating for absolutism: these things are
             | bad, so abandon them completely. i don't think that's
             | reasonable, or workable. there is basically no corporation
             | in the world who has clean hands. i don't think it's
             | possible to divest myself of all of them.
        
               | ad404b8a372f2b9 wrote:
               | I think it's not advocating for absolutism as much as
               | moral consistency. You cannot in one stroke suggest that
               | people who stay on Twitter are behaving immorally and
               | supporting, among other things, the banning of
               | journalists, while at the same time excusing your own use
               | of Microsoft and Meta platforms with "[nobody] has clean
               | hands".
        
               | allenbrunson wrote:
               | it's a matter of degree. you are free to make your own
               | choices, just as i am free to make mine.
        
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