Wife changing money

Comments

• PmMeFrogMemes@lemmy.world ⁨52⁩ ⁨minutes⁩ ago

  iPhOWNED

  source
• LifeInMultipleChoice@lemmy.world ⁨2⁩ ⁨hours⁩ ago

  I get why people say cryptocurrencys are a scam, but the whole proof of stake shit makes lot more sense if someone were trying to protect all of society from say mass inflation in places like Venezuela or something.

  The revolutionary w.e he was talking about had to be proof of stake, making it use 99.9% less power than things like Bitcoin.

  The alternative choice was always the same, control by the U.S. or China. Really not many other options.

  If people cared about the environment they wouldn’t use Bitcoin, if they cared about people, they wouldnt use the U.S. dollar and such. Every country in the world supports the U.S in doing so…

  We need better alternatives, etherium may not be it… but surely there has to be a better way to keep people from suddenly plunging into poverty when they don’t have control of their government.

  source

  • SolidShake@lemmy.world ⁨2⁩ ⁨hours⁩ ago

    Crypto is a scam because after Bitcoin got popular so many people just started “making” it. As of today there are over 16,500 active crypto currencies. That’s fucking dumb idc who you are. The very original idea was to just have a global currency that didn’t have an exchange rate. That makes more sense then whatever the hell it’s turned into now. Crypto is like Pokemon cards.

    source

    • null@piefed.nullspace.lol ⁨2⁩ ⁨hours⁩ ago

      The very original idea was to just have a global currency that didn’t have an exchange rate.

      Lol that’s not even close to true.

      source

      • -> View More Comments
  • Hapankaali@lemmy.world ⁨1⁩ ⁨hour⁩ ago

    We need better alternatives

    Why? Modern fiat currencies do exactly what a currency needs to do.

    source
  • DmMacniel@feddit.org ⁨2⁩ ⁨hours⁩ ago

    Energy is still traded with petrol dollars, doesn’t matter what crypto you try to sell. By decentralising energy production (which most oligarchs dont like) you can get away from it, there is no other way.

    source
  • Eggymatrix@sh.itjust.works ⁨2⁩ ⁨hours⁩ ago

    The main point cryptobros are missing is that the economy is controlled by force, something you can experiece if you are sailing in the persian gulf these days.

    Even at the scale of a family, my taxes are collected once a year and if I don’t pay the nation comes collecting their due by force, via the law enforcement.

    All these cryptomoneys have the notable bug of not being controllable by the nations controllong their economy, so come a sufficient magnitude of value transfer they will be rendered illegal very fast. You ain’t getting paid with it, you ain’t buying food or or mortgages with it.

    You can buy drugs and killers with it though, which is nice if you are into that kind of thing.

    source
  • EfreetSK@lemmy.world ⁨1⁩ ⁨hour⁩ ago

    To me the PoS always sounds like the richer you are, the more power you have. It sounds like the current system we have

    source

    • SirHaxalot@nord.pub ⁨3⁩ ⁨minutes⁩ ago

      Is it really that different with proof of work? In the end the control is going to end up with relatively few entities that have the resources to build large scale mining farms..

      source
  • lime@feddit.nu ⁨2⁩ ⁨hours⁩ ago

    i mean the big crux with proof of stake is that the majority of the currency was already held by a group with aligned interests. so it’s really no different than normal currencies, it’s just a bit earlier in the timeline.

    source
  • CompactFlax@discuss.tchncs.de ⁨1⁩ ⁨hour⁩ ago

    I fail to see the difference between “I have some special numbers” and “I have this special metal” and either way the value swings in comparison to other things. The special numbers are certainly more portable but as a revolutionary “not a fiat currency” it’s a bit of a stretch, no?

    source

    • SeptugenarianSenate@leminal.space ⁨1⁩ ⁨hour⁩ ago

      to me it feels like the subtle difference between a representative democracy and a direct democracy. Representative tends to be more common as those in power are more willing to transition to systems in which they could reasonably hope to keep most of their power, whereas I see the crypto selling point being that the end-users would have some voting rights towards the setting of inflationary rates (different mechanisms for adjustment than fiat, I am sure [seriously not an expert on crypto or on what I think involves an understanding of “modern monetary theory”]), versus non-government financial platforms such as bank owners [federal reserve] printing the money in order to effect inflation rates.

      source

      • -> View More Comments