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daeroth

42 karma · joined January 24, 2017

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daeroth··on The slow death of authenticity in an attention economy
2021 January - Birdwatch launched with first 1000 users

2022 October - Elon acquires Twitter

2022 November - Birdwatch renamed to Community Notes

2022 December - Community Notes feature made available to tweets around the world

Maybe Elon pushed the release schedule timeline up, but it would not be correct to state that pre-Elon Twitter didn't develop and launch the feature. It had been live for almost 2 years by the time Musk showed up.

daeroth··on Estonia clocks fastest inflation in the Eurozone at 20.1 percent
The pension system in Estonia consists of a shared fund "First Pillar" and an individual specific fund "Second Pillar". Part of your salary goes into the pension system and gets split between these two funds.

So the current workforce is helping to keep up the First pillar for the current pensioners. But at the same time the current workforce is making deposits into the Second Pillar which just invests their money into the markets.

So people can liquidate their Second Pillar without messing up the First Pillar for everyone else.

daeroth··on Estonia clocks fastest inflation in the Eurozone at 20.1 percent
Your pension would be substantially smaller.

Technically the pension fund consists of 3 parts:

1) Shared pool of funds. Current workforce pays into the pool and current pensioners get payouts from this pool. You can't liquidate this part of your fund as there is no part that is fully "yours"

2) Individual pool - part of your salary automatically gets put into this pool and invested into the pension fund of your choosing. THIS is the part that people can now liquidate before they reach the pension age

3) Individual pool of extra deposits - You can choose to add money into this pool and incest it in a pension fund. If you withdraw funds during your pension age then no gains tax is applied on the profits. But you can liquidate the fund at any point as long as you pay the gains tax.

So these citizens/residents will only be left with the first option as their pension payments.

daeroth··on Estonia clocks fastest inflation in the Eurozone at 20.1 percent
Also last year there was a reform in the pension system. You can now choose to exit the pension system and have a large part of your fund liquidated.

Around 14% of the population decided to use this and cash out their future pensions in 2021.

Not sure how much of these funds got spent where but certainly it had some effect on the real-estate prices.

daeroth··on Longevity Linked to Proteins That Calm Overexcited Neurons
What if stressful existance pushes for shorter lifespan with the effect of quickening the turnover of generations.

So stressful environment would speed up the evolutionary iteration of generations. While less stressful existance that has adopted to the environment would persist longer.

daeroth··on The Fed is getting into the Real-Time payments business
Some real-time payment infrastructures to compare to:

UK - Faster Payments Service (2008) https://en.wikipedia.org/wiki/Faster_Payments_Service

EU - SEPA Instant Credit (2017) https://en.wikipedia.org/wiki/Single_Euro_Payments_Area#SEPA...

Australia - New Payments Platform (2018) https://en.wikipedia.org/wiki/New_Payments_Platform

daeroth··on Estonia, the Digital Republic
They released software that allowed you to update the certificates on your card.

They then gave a limited time frame for every one to migrate their cards over. Either with the software update or going to the police department and having them do it for you.

After the deadline they declared all older cards digitally invalid. Meaning that you can still use it as a physical ID but not for online auth or signing processes.

daeroth··on Estonia blocks electronic ID cards over identity-theft risk
You can request your service to be whitelisted: https://www.sk.ee/en/services/validity-confirmation-services...

Pricing is here: https://www.sk.ee/en/services/pricelist/certificate-validati...

So it's not quite as simple as Google or Facebook oAuth. But the government does support the idea that if you want then add this as a login option to your forum for dogs or an e-store for sweaters.

The main value is still in the fact that the authentication gives you the ability to create legally binding contracts that get signed online.