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▲ cmiles8 a day ago

The odd thing about these outages is that when they become so big that everyone is impacted then the severity almost drops, since everyone is impacted and thus just shrugs their shoulders.

▲s_dev a day ago | parent | next [-]

Too big to fail. In the 1970s in Ireland there was a 12 month period in the space of a 5 years, where no banks operated due to a huge strike by the workers. The country just ticked along with everyone extending IOUs to each other for when the banks came back online.

It's just one of those things, you'd think the economy or country would collapse effectively but things just tick on by they way they always did. Imagine the banks in the US closing for 6 months?

https://en.wikipedia.org/wiki/Irish_bank_strikes_(1966%E2%80...

▲audunw 3 hours ago | parent [-]

This kind of informal credit is how most of the economy worked not that long ago. People think modern money is inherit from metal coins. But it’s more correct to say that it comes from IOUs, which is why so much of modern money has its origin in debt.

My sister had store credit at the local grocery store in her small town just 25 years ago. Now that’s all replaced with various forms of bank credit.

I think we’d struggle more if the banks shut down in this day and age, because so many, especially younger people, have the wrong idea about how money works so I’m not sure we’d figure out an IOU based replacement quickly enough to avoid catastrophe. I wonder if at some point paper will be rare enough that we’d struggle to record all the credit we need to keep the economy working.

▲huijzer a day ago | parent | prev | next [-]

Yup, it seems like there are a lot of options, but in reality lots of things have become severly centralized. (There has never been a better time to self-host by the way. My Forgejo instance for example is having practically no outages. For AI, use the open models via one of the competing providers.)

▲mitchitized a day ago | parent [-]

++1 on forgejo, also stood up a plane instance for better issues (and better alignment with business and product).

▲clivedup a day ago | parent | prev | next [-]

I get the sentiment, but the biggest loser is Anthropic, because they aren't earning, and because this will motivate employers to seek alternatives/callbacks.

Their moat isn't large.

▲brazukadev a day ago | parent [-]

yeah no the biggest loser is the subscription users that won't get a reimburstment.

▲stingraycharles a day ago | parent [-]

In that case, the loss isn’t that big?

▲ a day ago | parent | prev [-]
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