LesserAbe
@LesserAbe@lemmy.world
- Comment on Wife changing money 2 weeks ago:
I’ve read into it a little bit - basically every day every participant gets the Universal Dividend. It’s the same for everyone. Supposing you had every person on earth participating, they all get the same thing every day.
The next part I feel like we should skip explaining to the casual observer, because it’s not so simple:
Everyone gets 1 Universal Dividend per day. The Universal Dividend consists of x number of G1/June coins. That x amount is defined mathematically based on the number of participants. So fewer coins are issued today with let’s say 10k users, and more coins are issued in the future with 100k users.
The system is inherently inflationary. If all users, people who have been doing it for 20 years and those doing it 2 days, didn’t make any further transactions, after 40 years their wallet balances would effectively be the same.
Of course if the system is a success, people will be making transactions. But the idea is to encourage commercial exchange, rather than people hoarding because they think it will be worth more in the future.
The value isn’t in the coin, the value is being able to transact with other people without resorting to barter. If you have to work for someone else or borrow in order to perform transactions, then you will be beholden to those who have already accumulated a lot of wealth.
This system doesn’t solve the fact that somebody owns a factory, and somebody owns an apartment building, and someone owns the farm land and so on. But it would help the issue where the federal reserve can generate billions of dollars at a keystroke which are made available to big banks to lend to the public with interest, and which simultaneously devalues the dollars in your wallet.
This system is inflationary, like federal money creation is inflationary, but at least those inflated coins are being put in normal people’s wallets instead of a handful of big banks. It helps defend against the accumulation of billionaires.
- Comment on Wife changing money 2 weeks ago:
The OP makes it seems like they lost money by making poor trades, which so far in the history of Ethereum you could do in a very short period, but not if you held onto it for any length of time.
You’re right, they could have lost it by scams or hacks. The power to instantly transact with anyone in the world is a feature, but also a risk.
If crypto takes off for actual day to day transactions I imagine there will be an intermediate layer of banks or other institutions that take on some of the risk but also take their cut.
Anarchist types are concerned about government backed crypto coins since you lose the fungibility/anonymity of physical dollars but don’t get any of the freedom and separation from centralization that crypto supposedly represents.
- Comment on Wife changing money 2 weeks ago:
I just commented somewhere else in this thread, have you heard of G1/June? Crypto that’s kind of like a UBI: https://g1currency.org/?PagePrincipale
Still has some major issues from what I’ve seen, but I’m very interested in the concept.
- Comment on Wife changing money 2 weeks ago:
It’s better than proof of work, even though both of them reward people who already have resources.
I’ve been interested in the G1 currency system. (Pronounced June) Participants are all issued the Universal Dividend each day. Sort of bootstrapping universal basic income. Current issue is it’s pretty much limited to France because you need five users you’ve met in real life to certify you.
- Comment on Samsung is shutting down messages — alternative to Google's messenger? 5 weeks ago:
I’ll get complaints from people they can’t add/remove members from a group chat, and it’s because I’m in the chat, and use Google voice.
- Comment on EU vs USA 1 month ago:
Protests aren’t the only thing that activists in the US are doing. It’s not an either or situation.
- Comment on radish come from the Latin word radicem which means radish 2 months ago:
Is that an upper class student radish hanging out with a subsistence farmer radish?
- Comment on How fake admiral Jonathan Carley was caught by sword and rare medals 3 months ago:
Yeah. Adults are held to a higher standard than children. But in practice many adults aren’t that much different from children.
- Comment on How fake admiral Jonathan Carley was caught by sword and rare medals 3 months ago:
People are so weird.
When I was at a religious summer camp (sleep over) one of the kids who had attended multiple years in a row told everyone his mom had cancer and didn’t have much time left. Everyone was understandably sympathetic and people were referencing her specifically in group prayers and things like that. The camp director reached out to the family and they were like “what? No, she’s fine.”
- Comment on This bedroom game is weird 4 months ago:
No, this is looking at it wrong. You get to fuck the sexy hybrid human-dog abomination
- Comment on We all know people like this who deal with the horror and yet never complain. They are heroes 5 months ago:
- Comment on 2 Texas Men Plotted Coup of Haitian Island to Enslave Women and Children, U.S. Says 5 months ago:
This is heinous, obviously. Given the guys’ ages and lack of progress, I wonder whether they would have actually started this plan. Kind of reminds me when the FBI would arrest a “terrorist” where they had to have an informant suggest a plan to and loan money to in order to buy weapons from another informant.
- Comment on Not to get all religous but was not Jesus pissed for people making money in churches? Didn't he flip tables and everything? Then how do churches nowadays explain the collection plate? 5 months ago:
I’m an atheist, but if you read about Jesus specifically you won’t find a lot of hate.
- Submitted 5 months ago to [deleted] | 1 comment
- Comment on Why did Thanos, with the power of all the infinity stones, never think to try doubling the amount of resources in the world? 6 months ago:
Because the only way Marvel movies know how to ratchet up the stakes is having more and more people die.
- Comment on Photographer combines family faces together to show genetic similarities 6 months ago:
Thanks for sharing this link!
- Comment on When this aired, it was a joke. 7 months ago:
I don’t know OP’s intent but there is a genre of porn where the one person isn’t into it, but it’s not rape. It would be like them playing a video game or washing dishes and being indifferent/unresponsive to the other person having sex with them.
- Comment on Why is it called linux phone? 7 months ago:
Sorry friend, but if someone is asking a question, telling them to read about it rather than provide the meat of the answer doesn’t seem too helpful.
You’re under no obligation to explain anything to anyone, but if you’re going to take the time to respond why not elaborate?
- Comment on How often do guys have a haircut? 7 months ago:
I don’t get my hair cut that frequently, but to each their own. This was downvoted to zero when I found it, I like to imagine one of the “six months” or “never” guys were responsible.
- Comment on How often do guys have a haircut? 7 months ago:
Yeah, I used to go to a place where they’d schedule me out based on three weeks, which I liked better, but now this new place leaves it to me to remember and schedule myself. I don’t remember, so it’s closer to 4-5 weeks.
- Comment on Never get a tattoo when you are drunk 8 months ago:
I worked with a guy who let his friend tattoo him while they were both on LSD. It wasn’t as long as this, I think it was just one word but it was in this style handwriting.
- Comment on Help. 8 months ago:
I don’t understand the segment of people who were excited to come up with a new slur for AI. Plus it’s not even effective. It doesn’t make sense, doesn’t bite. Computers don’t clank, not even robots clank anymore. Are we in Battlestar Galactica or something
- Comment on Sounds like a plan 8 months ago:
I think it would have worked better if the comment wasn’t prefaced with “it’s cute you think” which is inherently insulting.
The meme is already self deprecating, like “haha things aren’t looking good for me” so they’re aware of the situation. It’s just heaping an insult and bad news on someone who already is experiencing a negative outlook.
- Comment on F*ck off Arnie, you're out of your element! 8 months ago:
Do you mean the redistricting in Texas? That’s why the Dem reps left the state, because they know they would lose the vote, but if they deny “quorum” (aka that there’s enough people to hold a session of the legislature) then a vote can’t be held.
This same thing actually happened in Texas back in 2003, but the Dems caved that time. Article: talkingpointsmemo.com/…/texas-redistricting-quoru…
- Comment on F*ck off Arnie, you're out of your element! 8 months ago:
The people we send to Congress have to answer to voters. We’ve seen how little resistance elites and organizations have put up, even ones ostensibly on our side.
“Our” representatives who come from gerrymandered districts will owe their seat to party leaders, not the voters. So they will cater to those leaders, not voters.
Would they take some actions which counter Trump? Yes. Will they take drastic actions to actually prevent further fascist advances? Probably not. Because most Democratic leaders are out of touch and answer to big donors. They’re not going to pack the supreme court, they’re not going to make DC a state, etc.
I’m a little sympathetic to Newsom’s talk about a referendum vote on having gerrymandered districts only for five years. But I think if he moves ahead with that it should be tied explicitly to what Texas does. If Texas passes their crooked map then the California map is revised too, otherwise nothing happens.
- Comment on F*ck off Arnie, you're out of your element! 8 months ago:
I haven’t seen any news about Arnold commenting on this situation, can you share?
That said, I’m a socialist, I’ve been campaigning against gerrymandering in my state since 2016, and I think blue states getting rid of their independent redistricting commissions (if they have them) is a really bad idea.
Yes, the situation is terrible, and I’m glad the Texas Dems fled to prevent quorum. I think extreme measures are called for. I also think they should be extreme measures that increase democratic rule, not reduce it.
- Comment on Anyone have one of these? 9 months ago:
I think what the other commenter was getting at is you can access a cellular connection (wireless) in a land line format
- Comment on Anyone have one of these? 9 months ago:
I think what the other commenter was getting at is you can access a cellular connection (wireless) in a land line format
- Comment on garden faries 9 months ago:
Good thing I can take personal credit for all these plants. Sort of like how I helped my local sports team win the championship.
- Comment on garden faries 9 months ago:
And potatoes and corn!
