I see that logic

Was there this much anger and many memes every election cycle when the US was in the middle east invading countries?

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Very cool, thanks for clarifying

Very cool. Can 3d printing be that quick of a turn around with design? Is there a reputable place for parts designs?

Very cool, thanks for clarifying

How do the repair cafes know what spare parts to have? Does your local area have a discussion about what items might be there beforehand?

Thanks for sharing cool things on Lemmy

Yeah there are lots of bad actors in the crypto sector, similar patterns existed in the US when towns and companies were issuing their own currencies

And yeah the US and many developing nations have old infrastructure, the EU and China have the pinnacles of fiat payment systems, but the roll out for upgrades are low and expensive

I couldn’t agree more, it’s a human issue. I think a finite transparent currency would be useful since it would squash the worst actors (fraud, embezzlement and hidden budgets, in the private and public sectors), but that’s just my guess

I think more importantly is community and having conversations like these because nothing is a “silver bullet” and we should better as a species. Thanks for chatting, you seem cool

It doesn’t matter what I believe, I was referencing an economic textbook on what an asset and currency are

What do you believe it to be?

I think an asset is anything that can be converted to liquid, so that depends if you think crypto is liquid or not, which probably depends on location

Well, most of our current economic payment system is smoke and mirrors for the majority of the world. In the US, bank transfers can take up to weeks to process, and the only reason why it looks fast to end users is it’s insured so they just change the digits on the screen

I’m not necessarily sold on crypto, I am just over the fiat system. Living through multiple economic collapses, seeing prices rise and only held low due to government supplements and corrupt lobbying, and the general way fiat leads to over consumption will do that

Give me something better and I’ll take it. I know it’s slower than cash, clunky and uses as much resources as google, but right now those aren’t draw backs to me in this current environment where we need debt to sustain day to day existence

If my local grocery story would accept it, I would. It’s a compatibility issue, which all technology is tested this way. Having 5G towers in the 1900s would have been a bummer, but today, somewhat standard. Crypto will need to pass this test if it’ll survive

Most assets work that way, if everyone sold Nividia stock then it would tank as well. Most things outside of food and shelter only have value due to our collective belief. Diamond and water paradox is constant in society

I think the creators had some knowledge of how currency worked, since there has been movements to make digital money in the cryptopunk scene for 20+ years before BTC. Also, you don’t need a degree to be an economist, a library card works just as good

Having a fixed supply might reduce astronomical debts but still allow for smaller debts or ones that are collateralized. But yeah, day to day life would be drastically different. No credit cards for sure, but also no compound interest, because can’t have compounding interest on anything with a fixed supply or it will acquire all of the resource (or at least attempt to)

I guess some people have that stance, but it’s a currency. It’s supposed to be boring and not thought about much. It’s not like most people care about antique and rare coin collections, but some people do, most people just spend and save their money

No, it’s like any other currency minus it has a fixed supply. So use it, since inflation is eating away any currency with a limitless supply

That would be ideal

Does the cash mean anything if the environment is poisoned?

Yay, higher prices to offset the theft and increased surveillance!