Open Street Map is legitimate. In bicycling communities, Strava is the gold standard app for tracking rides, and it uses Open Street Maps on the backend. It’s always super accurate for me, even for fairly obscure bike trails off the beaten path.
The past 15 years of growth in anything technology adjacent has been fueled by one thing: Extremely cheap debt. Interest rates have at been rock bottom since the 2008 crisis, and they’ve only started to tick up recently. That means the ability to fund infinite growth for basically nothing, so tech companies have relied heavily on debt financing.
Now though, that’s no longer viable. Silicon Valley Bank was very heavily involved with all these tech companies, and it went insolvent in March largely because of rising interest rates. They held a lot of long term bonds at low interest rates. In normal conditions, rising interest rates mean lower bond prices and unrealized losses, but not a major problem because they can just hold them to maturity and never realize the loss. Bank runs forced SVB to sell the bonds for huge losses though, turning unrealized losses into realized losses, and a non-issue into a major problem.
Now that cheap debt is gone, these tech companies are desperately scrambling to attain profitability. It hasn’t been discussed much, but this is a big reason for the changes at both Twitter and Reddit.
Why? You should let each post stand on it’s own merit.
First, account age is silly for Lemmy, as almost 100% of people on here will have an account creation date in June 2023 or later because this place was a ghost town before Reddit decided to kill the APIs. A month from now, is someone with an August 2023 join date automatically presumed to be a troll, or are they just someone making the switch from Reddit a month later than everyone else?
As for karma, neither negative karma nor positive karma really tell you anything about the poster:
For instance, people can make good faith arguments advocating for conservative political opinions, but because the user base skews pretty far left here, those arguments will be downvoted. A discussion forum that bans opposing viewpoints is useless, and the echo chambers on Reddit are something I’d love to avoid here.
Similarly, it’s also possible to effortlessly build positive karma. Simply copy/paste highly rated comments from the last time a common repost appeared on the feed, and chances are, your copy/pasted comments will get upvoted too. You can even automate it with a bot.
Karma meant nothing at Reddit, and moderators shouldn’t be using it for decisionmaking purposes. It’s useful for ranking posts and comments, but anything beyond that isn’t helpful.