While I was asleep, apparently the site was hacked. Luckily, (big) part of the lemmy.world team is in US, and some early birds in EU also helped mitigate this.
As I am told, this was the issue:
- There is an vulnerability which was exploited
- Several people had their JWT cookies leaked, including at least one admin
- Attackers started changing site settings and posting fake announcements etc
Our mitigations:
- We removed the vulnerability
- Deleted all comments and private messages that contained the exploit
- Rotated JWT secret which invalidated all existing cookies
The vulnerability will be fixed by the Lemmy devs.
Details of the vulnerability are here
Many thanks for all that helped, and sorry for any inconvenience caused!
Update While we believe the admins accounts were what they were after, it could be that other users accounts were compromised. Your cookie could have been ‘stolen’ and the hacker could have had access to your account, creating posts and comments under your name, and accessing/changing your settings (which shows your e-mail).
For this, you would have had to be using lemmy.world at that time, and load a page that had the vulnerability in it.
clearing credit card debt, deleting hospital fees, or something else that actually serves the public good,
Inflation does very clearly not serve the public good. That aside, causing havoc in banks and medical institutions would have other unpleasant effects.
How about cleaning the bottom 10%'s debt, with the earings from one week of the top 0.1%?
Ah, you mean unauthorized “redistribution”, not unauthorized “vanishing debt”.
Technically should do less harm in terms of inflation, but money lying around is different from money being used, so there’ll still be an increase in inflation.
The part about causing havoc - kinda same, there may not be direct inconsistencies as in the initial variant, but there’ll still be some confusion due to the “top 0.1%” possibly being petty and trying to get their money back.
I frankly prefer changing the rules so that there’d be fewer artificial barriers for competition and economic efficiency to this. Say, patent law and trademark laws and IP laws have basically outgrown their usefulness and are now just a plague. Same with various licenses and practices for medical/pharmaceutical stuff (I know that things should be tested and an average person can’t tell a hoax from a normal thing, just entities doing certification shouldn’t be able to block stuff which would then be used to create oligopolies). Same with telecom. And so on.
Except for air traffic, water traffic, road traffic and radio, of course. Not regulating those would mean, eh, real havoc.
You’re ruining the circlejerk with your realism! 😠
Edit: I think Mr. Robot gave a good glimpse what would happen if all debts were wiped. It sounds fun on paper, but in the end, the people with the least money would suffer the most.
you mean unauthorized “redistribution”
Fine, let’s do taxes: how about cleaning the bottom 90%'s debt, with the income from 4 months of the top 0.1%.
…and that’s just 30% income tax, it used to be 90% for the rich right after WWII: History of taxation in the United States
I already know I’m gonna be downvoted for this, but the top 1%/0.1% spending isn’t gonna change, whereas the bottom 10% will cause inflation… That’s why there’s no magic bullet.
The bottom 10% don’t have enough money to “cause” inflation, not even the bottom 90% have that much money. Inflation is driven by the top 5-10%, representing 70% of the wealth; the rest just get taken for the ride.
You’re right the top 1%'s spending won’t change, it’s already 1000x above a person’s basic needs, so what’s the difference between 1000x and 900x (10% inflation).
Having a dedicated sub for bad understanding of economics seems stupid, it’s already spread over all subs, it’s normal.
Of course, the extremes of bad economics would be usually found someplace with “soc” in the name.
I’m saying your statement is bad economics. Debts get discharged all the time and they have no impact on inflation. It’s called the Bankruptcy System and it’s been a part of American economic reality since the mid-1800s.