The FDIC coverage wouldn’t be what they would be worried about. They wouldn’t have their accounts much above FDIC limits.
My point is that the FDIC serves to prevent a banking crisis that would limit their ability to liquidate their assets and realize their wealth
The platform splits literally don’t matter.
That’s the point of open source, being able to make your own fork.
The backend is AP not Lemmy, Kbin, mastodon, or piefed
The fragmented ecosystem of ideas doesn’t really exist except in a few servers such as beehaw, lemmygrad, and hexbear. Beehaw and hexbear don’t even care about federation.
They are against things like the CFPB but they aren’t getting rid of the FDIC which is the good faith backing of the US banking system. The 1% isn’t so liquid that they wouldn’t lose huge amounts of money with a full scale banking crisis
Isn’t that what they signed up for when they put their money in a nonFDIC insured account?
It could start using DNS over HTTPS if it had enough failed requests. Those wouldn’t be able to be redirected
That definitely makes it accessible to newcomers. But costs are going to gatekeep smaller communities from hosting relays as the network scales. There are plenty of obscure conversations happening on the far corners of the network that don’t concern the majority, requiring a full network mirror of this activity just increases cost for minimal perceived benefit.
There does need to be some level of seeding, I think the big push for getting starter packs and the like into Mastodon is an example of that need. At the same time, it’s hard to justify spending the money on extra storage and computer just so I can see posts on furry bluesky or some other niche but highly active community.
Being subscription based is what makes it feasible for smaller instances to exist on the fediverse. If every instance had to be a full mirror of the network only a few small groups could afford to host instances.
Almost nothing decentralized yet…
You can host your own PDS (making it distributed but not decentralized), there is an ability to host a relay but hosting a relay requires mirroring the entire network instead of just subscribed nodes like AP, making it cost prohibitive for communities to organize their own relays on ATProto.
If bluesky is serious about decentralization then they need to make mirroring the entire network optional, allow relays’ firehoses to only to stream the activity from subscribed accounts from their users and federate with relays that don’t mirror the entire network.
I would curious to see if you could access piefed using Voyager for Lemmy as a front end. It’s about the only decent app for Lemmy that doesn’t squash things on my iPhone mini with text zoom enabled
Thank you for sharing, that’s exactly what I was looking for!
That changes everything. That’s dirty pool, shouldn’t have been allowed by SEC/Fed or who ever their regulator was