• 40 Posts
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Joined 3 years ago
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Cake day: February 27th, 2022

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  • So I just went through all the communities on their site so I could see which of our communities are federating across and causing them grief. About 35 of our communities federate across and these only federate across because their users have specifically requested them to. of those 35, 2 or 3 contain controversial content that their users could individually decide to block if it offended them.

    Interestingly the also have known child porn communities federating across to their site (not from Exploding Heads) which they seem quite ok about.

    So I think the fact they federate with those child porn communities expose the real motivation behind this defederation effort - to censor political views they do not agree with.








  • When you launch a token on a decentralized exchange like Uniswap, Sushiswap, etc. you need to deposit an equal amount of ETH and the token you are launching.

    The initial value of the token is the amount of ETH divided by the number of tokens you are launching divided.

    A successful token launch requires money to be spent on development, marketing, community building, as well as the ETH to deposit into the decentralized exchange to launch the token.

    Like most startups in any business, people launching tokens often do not have all the capital they need to do all the things they want to do to make their token launch successful.

    So X7 has a Decentralized exchange called Xchange which allows them to lend you ETH by depositing it against the tokens you are launching so you do not have to. But the trick is, only X7 can withdraw the ETH so if you default they can easily get their ETH back.

    Most of the tokens being launched have a transaction tax that builds up reserves over time to allow the X7 loan to be repaid.

    It is a very specific lending case meeting a very specific need for people launching tokens, but if successful will I can see it expanding to meet other needs.





  • Crypto will be a replacement for banks. Here is just one example of what is coming:

    https://x7.finance/ provides loans to people launching tokens which:

    • free up capital for them to invest in other parts of their business
    • provides higher levels of liquidity for investors and makes it easier to attract larger investors
    • helps the startup achieve a higher valuation at launch.

    These loans:

    • are permissionless - there is no approval process. You just say you want one
    • you do not need to pledge security i.e. give a second mortgage on your house.
    • they are under collateralized

    As time goes by these loans will become available for other purposes.

    As far as pooling of investments (deposits), X7 allows you to do that and so do lots of other crypto projects.

    Most people hear crypto and think currencies, but they provide the means to build significant businesses that I believe on day will replace many traditional businesses.




  • We already sit behind the Akami DDOS prevention system. I do not think cloudflare would be any more effective.

    When I look at the server - I am seeing the same behavior I saw when the big Lemmy instances started upgrading to v18. And these recent problems started when they started upgrading to release candidates for v18.3 - So I think this is a Lemmy federation problem not DDOS attacks.

    We have plenty of bandwidth - do not even coming close to using it all. When we have these problems I am seeing spikes in CPU usage (normally 10% but spikes to 150% when we see these issues) and Disk I/O.

    We plan upgrading the version of Lemmy we are running this weekend to see if that makes a difference.