• 10 Posts
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Joined 10 months ago
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Cake day: January 24th, 2024

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  • There is absolutely nothing “natural Ponzi-scheme” about cryptos inherently. They’re obviously used as pump and dumps all the time but this is not inherent to the technology.

    Yeah. barteable goods aren’t good currencies, which is why we have currencies for trading rather than bartering as was was done before currencies were created.

    Glad you’re somewhat familiar with the history of trade.

    Hence if currencies die again, cryptocurrency is a viable alternative as a currency, which barter goods are not an adequate replacement for.

    considering that the companies that hold and maintain the Internet infrastructure,

    Idk, satellites don’t really require daily maintenance in a best case scenario, nor do undersea cables, I fully expect the internet to outlive humanity altogether.

    unless, that is, you’re trying to protect yourself from something so bad the S&P 500 dies, in which case as I explained above and in my previous post, it’s down to stuff like hard cash, gold and bartering) and crypto won’t actually add any security to a diversified wealth protection portfolio, quite the contrary since it’s too infrastructure dependent to work in the worst situations and too volatile

    I simply don’t agree with any of this whatsoever. Again, gold and bartering won’t make good currency, currency is currency - like cryptocurrency or fiat currency - diversifying so not all your currency is directly dependant on the government is pretty sound financial principle. You can invest into gold but in catastrophies your attempt to barter or otherwise liquidate these assets will be troublesome. It just makes sense to me, but I’m not econ or finance, I’m a compsci.

    Nevertheless I appreciate your perspective, you’ve definitely given me some food for thought for hedging my bets in the future.






  • Kamala lost. The idpol of kinder language is a trashfire and a failure because the assumption that “empathy” is a shared quality among humanity is wrong and “bloodlust” is actually far more common, while complete ignorance and anti-intellectualism and accusations of “overthinking” prevail over both as you can see in the programming.dev techbro below.

    Talking about how language influences views of marginalized or minority groups is useless when most people can barely even read more than a paragraph without bitching because they never developed reading stamina.

    As for those who make these conversations necessary in the first place - they will always use the meanest word they can and all this has done is fed fuel to reactionaries.

    There are far more important real fights to fight, like access to HRT and surgeries for people suffering from gender dysphoria - a crippling disorder, before you metropolitan libs start going on about “trans-femmes” and “masculine gendered language”


  • This volatility isn’t something inherent to all cryptocurrency - bitcoin and eth and pump and dump cryptos are just especially hot speculative assets for people who enjoy holding bags and pump and dump YouTube grifters.

    Tradeable essential goods aren’t a good basis for currency, they would be your best bet without the internet, but with the internet in such a collapse cryptocurrency could actually work.

    Diversification is not a concept in opposition to cryptocurrency, the former is a viable financial principle for savings and investments, the latter is one type of asset (a currency) that someone can hold if they choose to if they believe that centralisation of financial institutions and growing connections between corporations and governments is a risk - for instance I would not expect S&P500 to survive a major climate or landemic catastrophy/incident, world war, especially with protectionism, and maybe I’m an alarmist prepper but while remote, these things are growing increasingly likely or if the oversight of the powers that be is undesired e.g. such as with buying drugs on the internet.

    Ultimately it all comes down to that.


  • Gold or other assets don’t necessarily protect you when you own them through government and more broadly not-wholly-independent-from the-government-financial-institutions, unless you have gold bars at your house, and even then, it’s not something you can transfer for payments easily.

    On the other hand cryptocurrencies are wholly independent from any institution whatsoever - truly for people by the people - and ones like XMR are actively resistant to them altogether. I don’t think Trump is going to be like Hitler, but if he were, I’d bet on something the government can’t really easily seize like a distributed decentralised ledger rather than a house or gold that can’t be liquidated quickly or transferred for another currency if I was e.g. a targeted minority.