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Joined 1 year ago
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Cake day: June 9th, 2023

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  • Since there is no clear way to monetize the platform, you can’t get enshittification as described by Cory Doctorow.

    If you take a more general definition where enshittification means the platform prioritizes X behavior to the detriment of users then there might be some possibilities. For example, maybe the admins of some instance decide to push a political narrative to the point that they become widely defederated, resulting in their users being cut off from the wider Fediverse.














  • In theory a pension is stable, guaranteed income. The employer promises a monthly or annual payment for life, and they manage a pool of money to make sure you get that payment regardless of whether the market goes up or down. People like stability.

    With a 401k you take on the market risk yourself. If the market tanks (2000 and 2008 come to mind) then your retirement funds are suddenly worth less and your payments to yourself (distributions) go down. Of course, if the market is hot you can also direct your investments to try and ride the wave. Greater risk means greater (potential) reward.

    401k’s also have required minimum distributions that kick in as you get older. If you live long enough you will reach a point where you have been forced to drain the whole thing into your regular bank account. Then it’s time for another plan.