What’s the moral hazard in the FDIC insuring a much larger number than 250k?
exactly what the parent comment said - an incentive to not take steps to reduce your risk, leading to more situations like this
Readit NewsIt's coming out of the insurance fund, which is paid into by banks. So the cost is still ultimately borne across a wider sphere, but not the government per se. (This is what's meant by "Any losses to the Deposit Insurance Fund to support uninsured depositors will be recovered by a special assessment on banks, as required by law.")
The costs aren't borne by "the taxpayer", but an awful lot of taxpayers who had nothing to do with this or even purposely avoided it may be paying higher banking fees as a result.
yupppp
at least they have to pay lipservice now and not just printing billions and handing them straight to the rich
yadoomerta commented on The rise of self-hosted apps chromakode.com/post/the-r... · Posted by u/chromakode
Sandstorm is awesome, but it's nowhere near as simple as installing an app on your phone to use it. Selfhosting something like NextCloud shouldn't be more complicated than selecting it from an app store and going through a quick OAuth flow to tunnel traffic from a domain name.
Completely agreed - setting up Sandstorm itself is a bit of a hassle. Once it's installed, additional apps on the platform are extremely easy though.
Thanks for pointing out nextcloud! Hadn't seen that one before.
What's your project btw?
yadoomerta commented on The rise of self-hosted apps chromakode.com/post/the-r... · Posted by u/chromakode
It sounds like you looked at a very early prototype circa 2014? Sandstorm has supported login via email, LDAP, and SAML for a long time.
Thank you so much for sandstorm btw! It's a really incredible piece of software
yadoomerta commented on The rise of self-hosted apps chromakode.com/post/the-r... · Posted by u/chromakode
Yep. Shouldn't be any more difficult or less secure than running an app on your phone. I'm working on this with my main side project. Curious to see if there's actually a market for it, providing software to make it seamless and selling tunneling bandwidth.
You've probably already seen it, but if not, checkout https://sandstorm.io/
It didn't do too well commercially, but might have been ahead of it's time
yadoomerta commented on The rise of self-hosted apps chromakode.com/post/the-r... · Posted by u/chromakode
> However, let’s be real: the biggest thing holding self-hosted apps back is they’re still too difficult to install.
And run reliably. And secure. And admin/maintain.
sandstorm https://sandstorm.io/ 's dream is to make this as easy as installing a phone app. It's still rough around the edges but I think the model is completely right and the security it offers is excellent.
Another part of it is just psychology. People seem much more inclined to join discourse to make objections than to pile on affirmative comments, which generally an upvote suffices for.
It's also partly the site's culture. Not saying it's wrong, because it adds some noise and not much new info, but I've been downvoted before for posting comments like "Thanks for saying this!"
yadoomerta commented on Do we live in a society without a counterculture? xmodtwo.com/p/do-we-live-... · Posted by u/uhhyeahdude
If your culture is well-known enough and seen as desirable enough that you start having to no-true-scotsman to differentiate between the corporate poseurs and the true believers, it's a pretty strong sign that you're not a counterculture anymore. People don't try to fake having low cultural status.
imo that's the problem - everything gets corporate poseurs so quickly now
could just be i'm out of touch and the countercultures have successfully hidden from me tho
yadoomerta commented on Do we live in a society without a counterculture? xmodtwo.com/p/do-we-live-... · Posted by u/uhhyeahdude
The medium is the message dudes. At this point in history, what will qualify a true counterculture is NOT BEING ONLINE. Whatever the true counterculture will be, it won’t be subject to the Internet and its all-seeing eye. It won’t be made out of memes and flame wars. No matter what the political bent, we’re all very much a captive audience online. “Master’s house/master’s tools” and all that.
perfect comment <3
Great. Thank you for your contribution.
just fyi - this is an extremely popular take among the young and non-rich