That’s what I do, I only buy bitcoin.
Together we can build something that was lost to company execs, shareholders and modern capitalism.
That’s what I do, I only buy bitcoin.
State forces people to invest their money if they don’t want it to be inflated into nothing, people choose housing in the hope to save wealth for the future. State destroys the value of the savers by devaluing housing. A fine example of the failure of central planning.
Most people take it as given that printing more money causes inflation, and they can be forgiven for thinking so, as it has been hammered home to them by mainstream economics professors in every econ 101 course the world over for many decades.
The central banks contradict this themselves all the time, they lower and raise interest rates, which leads to changes in newly created money, to modify inflation.
Maybe I just don’t get banned enough
You may also interact with countless bots without ever knowing, because creating fake identities is free.
I really don’t care about loosing my identity
Fair, some people value their identity.
how decentralized is it when your identity is “centralized” in your key pair?
For average people nothing changes, the app can hold their key for them and even offer email recovery.
On top of that so many people regularly change their display names on social media for vanity and expression purposes that I can’t reliably use them anyways for recognizing accounts.
That’s something having signatures and a web of trust solves.
Besides, you fail to see another problem: Whichever centralized, federated site you use can manipulate anything you read and publish.
Anyway, if you don’t see a need for tools like nostr you don’t need them.
Somebody takes out the lemmy.world server and your identity is gone. So decentralized, lol.
The future is decentralized, not federated. That’s why I’m on nostr, even if it doesn’t deliver yet.
Like I said, privileged people who don’t think that bitcoin is useful.
Famous libertarian Friedrich Hayek supported universal basic income
That’s a lie people love to repeat. Hayek was in favor of helping people who needed help, he explicitly was against money for freeloaders.
It’s not surprising tbh. Most millionaires like Linus or tech people in general have so much money that the problems of the financial system don’t impact their lives.
Torvalds also dismissed the idea of technological singularity as a bedtime story for children, saying continuous exponential growth does not make sense.
Continuous exponential growth is actually something our financial system was DESIGNED FOR. It it makes no sense our inflationary money makes no sense.
worked fine for millennia without inflationary money
That means until the early 1900s or 1970s when inflation went into overdrive.
our current population boom
Huh what?
deflationary economies are terrible for everyone
That’s a myth spread by modern monetary theorists because they only understand the economy from an inflationary perspective. Economies worked fine for millennia without inflationary money.
I’d love to see any evidence or logical arguments that an inflationary economy is worse than a deflationary one.
Don’t you understand that artificially induced unlimited growth is bad? It’s not about inflation or deflation, but the outcome.
https://www.ecb.europa.eu/mopo/strategy/pricestab/html/index.en.html
The main task of the ECB is to maintain price stability. The ECB’s Governing Council considers that price stability is best maintained by aiming for 2% over the medium term. Price stability creates conditions for more stable economic growth
Crypto is literally just machines wasting energy on purpose to create false scarcity
A monetary system that is designed to lead to eternal, cancerous growth through intentionally inflating the money supply is far worse.
Same here, have been trying wayland for more than a decade…
I think it’s pretty simple to see inflation only hurts the have-nots
It hurts have-nots, but also medium to high earners who are forced to spend time to learn and to invest their money if they don’t want to lose wealth. That destroys their productivity or their free time which hurts society as a whole.
It basically happens when people buy money
So you already don’t follow the mainstream economic narrative that consumer prices track inflation, good for you!
to prevent all money from ending up in a single party’s hands.
Inflation encourages and amplifies wealth accumulation.
I understand why it happens
Why does it?
I never understood why inflation was a good thing
It isn’t, that’s a narrative told by politicians, and economists who are primarily paid by the government.
Which is a perfectly normal thing to feel
Dude, irrational fears are something to get therapy for.
That’s supports what I said.
That’s what I said (not the most profitable though, just profitable).