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Joined 2 years ago
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Cake day: October 21st, 2023

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  • Well, yeah.

    Europe is continent sized piece of land. Russian tanks rolling into Moldova is a bit different than Poland, or Germany.

    Different politically, militarily, and strategically.

    Even then, I can’t see Putin biting off any more at this particular moment. Time will tell if Trump significantly eases sanctions to a degree that would enable him to speedily recapitialize.

    Of course, I didn’t believe he’d actually try and take Kiev, so I’m not going to sit here and cosplay as a Kreminologist.













  • Yes, Monero fills a niche, and it’s the closest crypto asset to resemble a currency.

    However, your previous post talked about replacing finance with Bitcoin. Even if we pretend you were talking about Monero, that just means you have a one world currency, and no one at the helm who can guide monetary policy for any one country.

    You shouldn’t need a degree in finance or economics to understand how disastrous that would be, especially for smaller and poorer countries.

    So, Bitcoin and the rest of crypto are all commodities, not currencies. They are commodities with a high environmental cost, and a floor of zero because they have no tangible assets to speak of.

    Monero can fill a niche, and I’m actually happy about that because I like Monero and the principles behind the project. Unless of course you believe that includes delusions of grandeur and replacing all world currency and financial systems, with the magic of the “just the right crypto”.



  • pandapoo@sh.itjust.workstoTechnology@lemmy.world*Permanently Deleted*
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    8 months ago

    This has to be a joke right? Satire?

    I mean, it’s one thing to be a long on Bitcoin, or even just see it’s value as a niche commodity.

    But suggesting Bitcoin mining is an energy efficient way to heat buildings, is capable of replacing global finance, or that it creates more tangible benefits than artisanal glass blowers…?

    You know what I can do with a artisanal piece of glass? Hold it, use it, own it.

    You know what I can do with Bitcoin? Speculate that if I hold on to it long enough, I can convert it to actual currency that can actually be used as a currency.

    Unlike BTC, which is just a speculative commodity, with no tangible assets to provide an actual floor.

    The floor on crypto is zero. If I buy a bunch of gold right now, even if the price crashes, I still have a bunch of gold.


  • I can see it now. This great AI mediator will reach the consensus that Eric Schmidt is correct. We shouldn’t worry about meeting our climate goals, we should cook the planet faster to accelerate AI development.

    Eventually of course, the AI will save us.

    Now some of you might think that’s a terrible idea, from bad actors, that simply suits their own greed.

    Don’t worry. The new Google AI wouldn’t leave us without a backup plan.

    That backup plan? If plan A fails, simply reduce human population by 35%.

    Concerned about who will get picked for population reduction? Don’t worry, the AI has it covered…


  • Bitcoin was never meant to be legal tender, and it still isn’t.

    The fact that it’s now a regulated commodity is pretty antithetical to its original purpose, but still, it doesn’t make it legal tender.

    But setting all that aside, you’re right, monetary controls are pretty important tools of a nation state… And your alternative is what? A digital gold standard based on Bitcoin…?

    That idea is so idiotic, that I can’t even start to write out the problems with it, because I wouldn’t stop.