If you ever needed a sign to stop using reddit, this is it.
Greedy little pig-boy ruined Reddit to get his. Fuck spez.
Fuck you spez.
Only further proving that he’s a greedy little pig boy.
I nominate spez for next neck piercing
Just a reminder if someone gave you $10,000 a day, youd be very rich and happy. Most certainly set for life.
And with that money alone it’d take 274 years to become a billionaire.
Nobody needs that.
Christ! This is a better description than the ‘million seconds vs. billion seconds’ one.
Even if you got $100,000 a day, every day, it’d take you 27 years to hit a billion with just that money. That’s a working days of an 8 hour, hourly wage of 12,500 an hour. 27 years.
Billionaires need to stop being billionaires.
And you will still never catch up to the billionaires of today because they use that money to make more money even faster than that.
Technically you could catch up.
Say, first month you spend all that money on stuff you’ve ever wanted. New car, new flat/house (mortgage will be super easy with $300k a month guaranteed income), etc.
Second month, you already have everything you immediately needed, and money left over, so you put all your daily income into investment accounts.
That is $3.3mil by the end of the year, not including interest - which would be around $69k (nice) given the much higher interest rates you get for high value accounts.
Mind you at this point the banks you use also change from regular high street names to banks catering for the actually rich. At a 3mil increase in net worth in a single year, you are now member of this club. You get a personal account handler, and much like the casinos in Vegas, the bank will keep throwing free shit your way just to keep you on as a customer.
That 69k interest is now spent on your mortgage and daily expenditure, so at the end of the year your account does stand at 3.3mil.
Another year goes by, and your interest increases by FIVE TIMES, to $320k, and your account now holds just shy of 7 million.
Let’s say you get on with the rich life and spend a million, for a new, fancy flat, and a supercar, and some new clothes. Still, you’re at 6 million.
Year 3? Your base is up to 10 million, plus 760k interest!
Year 5? Interest at 2.4mil, base at 18mil.
Year 10? Total interest at 10 million, base at 36 million.
Year 14? At this point, the interest you earn in a year is actually more than what you contribute, just a smidge over 3.4mil.
Year 20? 122 mil in your account, 72 of that you contributed, 50 is interest.
Year 30, and you’re hitting 250mil, with “only” 108mil of that being your contribution.
Year 40? almost at half a billion!
Year 50 and you’re reaching 750mil.
Year 55? You hit the billionaire landmark, with $1.008bn in your account.
Year 60? 1.3bn.
And mind you this is with a fixed interest rate account of 5%. In reality your investment vehicles would be anywhere between 20 to 40-50% a year, which could put you on the billionaire list in as little as ~15 years.
Reality is, the moment one can break out of the paycheck-to-paycheck living, and start saving up, without the hindrance of a sudden emergency spending, it’s not that hard to get enough money to consider yourself rich. Problem is, breakin out of that cycle is being made extremely hard by those who’ve realised this loophole and don’t want mere peasants like us in their fancy circles.
Even then, you wouldn’t catch up because the billionaires would be doing the same thing, and probably be trillionaires by the time you make your first billion.
He fits in with the other scumbag billionaries…
As bots and sponsored content crowd the internet, Reddit is often seen as a more reliable source of information, and its popularity has exploded in the past couple of years.
Lmfao reading articles like this makes me feel like I’m living in the upside down. The entire site is bots posting content for bots to updoot and comment. Yet here they are getting glazed as “the last site for authentic connection”. Give me a fucking break.
They’re about a decade and a half out of date.
I mean, before LLMs there were people trying to do the mass influence thing… but the only entities that could be effective were the ones that could hire a few hundred people to shitpost in the same direction.
Now any nerd with a graphics card and a python interpreter can operate hundreds of accounts. Large operations are probably creating multiple synthetic high ‘subscriber’ subreddits or buying mod accounts on large subreddits.
russian troll farms can just create large amounts of bot accounts, have them comment and then it either gets deleted or ban, rinse and repeat. since t hey can change thier IP, or device anyways, you cant really stop a troll farm, they are probably using the same methods as the of and link farming accounts to hide thier accounts from being tied altogether, but they dont care about warming up the accounts. just post -delete or ban account repeat again.
It’s Forbes. One does not have high standards for Forbes content… They seem to write what they are told, not look very deep into issues.
Maybe the article was written by a bot.
In the same article posted on Reddit one of the top posts is “BuT WhEn ReDdiT aLtErNaTiVe”? Who gonna tell them?
Anyway Reddit was cool up to 5 years ago. Now it’s either bots, AI slop, Trump stuff or furries/hentai stuff.
Reddit’s dead.
I keep telling them about the Fediverse. I’m certain that because there’s more people on Reddit, they have a higher shot of engagement and attention. So they stick around.
I noticed that r/technology bans some keywords, like if your comment says “PieFed” and you try to open it Incognito/Private then it won’t show up, I have to say “Pie-Fed (without the hyphen)”
I think they also ban some mentions of Lemmy instances but I forget which ones, maybe lemmy.world
This is always the cycle.
Reddit was like Lemmy at one point, a little gem of a website that you only knew about if you participated in online culture (which, before smartphones was not a lot of people). Then the masses learn about it and it gets destroyed because the system that made it good can’t scale to hundreds of millions of people.
So, now people ‘in the know’ move to the niche alternative. As the Fediverse continues to develop and gain users it will eventually undergo a similar phase transition when the population gets too high. You can already see it in popular communities on large instances, it’s nearly indistinguishable from Reddit’s comment section.
I think the Fediverse has the ability to branch out and grow in a more healthy way, but it’s yet to be seen
Im hoping this. I hope people learned and choose the better option instead of showboating for internet points. There’s other places to do that.
its too small a nd scattered to grow like reddit, i dont think it will reach the same as reddit anytime soon.
That’s fine with me.
Smaller communities where you can actually recognize people from other conversations are better, in my experience, and even the current Lemmy population satisfies my need to scroll random content and I don’t have to suffer through the advertisements and political outrage content being inserted into everything.
Agreed! 🙂
I’d go even further back, with hindsight. During the us elections 2016 it became basically transparent the platform was being manipulated, and it wasn’t very sophisticated at that time. It’s really only evolved since then - but there used to be real people to call out the BS.
All before we even get to the corporate fiefdom spez has decided he’d like reddit to be.
At least from particular subs, those users would get banned and their comment removed within seconds. 24/7. The response times is what convinced me it wasn’t just volunteer mods handling that.
Remember in 2013 when reddit made a blog post about reddit meetup day with some statistics and they accidentally left in Eglin Air Force Base as the “most addicted city?”
Of course, can’t have the plebs knowing that the site is manipulated by the US military, so they hid the truth, but archive.org remembers.
It’s just as likely there’s no conspiracy there. It’s reasonable that Reddit was just big at that one particular place, more than other place (per capita), which can make sense given that those people actually talk to each other more than a typical city would.
I do think the US government was pretty good about not propagandizing its own people from within the government. There was a long period of time where non-partisan roles were expected to remain non-partisan. That’s part of why the Biden admin didn’t go after Trump like they should have. They didn’t even want the potential appearance of partisan government. In hindsight, yeah, that may have been foolish. They were fighting a five alarm fire with dollar store plastic squirt guns.
50% are bots, the rest are just on the verged of getting banned, or responding to misinformation/disinformation.polotics to keep the site going. eliminating actual users like us, seems to have a effect on reddit as of recently, no ORGANIC posts anymore.
“BuT WhEn ReDdiT aLtErNaTiVe”?
Voat exodus imminent
It’s INSANE. The bot flooding started to become notably - and noticeably - bad around the time the API exodus happened. And it’s only accelerated. And most people seem to just be pretending it’s not even happening.
The most prolific posters left and/or came here.
I used to comment 20+ times a day and was always looking for the best time to post my OC to get the most traction.
13 year account. Gone.
Couldn’t give 2 shits, Lemmy is way better.
I heard r/lemmee was shut down funny as how threatened they feel.
I get banned from that platform a couple of times a day when over 5 years ago my million karma original account got banned for “threatening violence” Any talk of organizing and rising up will get you the permaban stick. He is yet another complicit billionaire hell bent on killing the American work force and our democracy. He, too, will wear a blindfold when his sentence is read aloud.
deleted by creator
I got a permaban just for saying I didn’t care that Trump said Liz Cheney should be shot, because she’s called for the deaths of millions as a warmonger. Didn’t encourage anything. Just said I didn’t care.
Yea I mean he sold the whole site out to right wing propaganda peoples, that had to be worth a few billion
Just left Reddit. Ain’t going back.
Welcome!
!newtolemmy@lemmy.ca can help you settle in
Welcome.
Thanks! :)
Daily active users have approximately doubled since the summer of 2023.
Surely some of this is bots but… I have a hard time believing it is all of them. So much for the API protests in 2023… 😞
It most likely is.
Not ALL bots are Reddit-made. Sure, many are, but there’s a growing interest by many states to increase their influence of social media.
Tons of Russian/Chinese bots pushing the tankie agenda for example, tons of bots pushing right-wing psy-ops and lies, lots of companies trying to push their own angles as well… and given the number of people who’ve left Reddit since, and who’ve been kicked off the platform, I’d say a majority ARE bots.
the main content creators and initial users have probably left.
I went back to Facebook recently, a very different and dire sight to back in it’s hay days
I wish I could go back in time and tell my boomer family members to keep using email instead of Facebook. They were right and we were wrong. Now they’re the only reason I still have a Facebook account.
A billion dollars doesn’t make 15 year olds legal, spez.
How many dollars does that?
There is no justice. Aaron Schwarz is six feet underground while this pestilent boil of a man becomes a billionaire on the back of his achievements.
RIP Aaron
What an absolute disgrace. I’m pissed that Aaron Swartz was the one who died, and that they fired Victoria. Steve Huffman can go choke on a bag of sweaty dicks.
Firing Victoria was really the end of the Old Reddit. It felt like the loss of that side of reddit - the un-guided AMA’s by famous people - just led to reddit descending further into bots and reposts. The site had nothing to talk about other than itself anymore.
Do any of you know how I can get into 3d printing? It’s for research.
Another billionaire nonce for the billionaire nonce club.
The former mod of r/jailbait must be proud of himself
