@pre@boing.world2025-11-22 10:39:50
Despite much opinion to the contrary, the government money we use is crappy.
I'm at bitfest in Manchester to find out if Bitcoin could be a better money.
It could hardly be worse.
The mood is still good, people are joking about recent devaluation rather than crying. Those who aren't all in are trying to buy more at the discount.
After an introduction by Mad Bitcoins, Joe Bryan explains the problem with government money.
He imagines an island on which two types of money are tried, with a dividing wall between them.
When economic problems hit, government can just print more money on the fiat side. Everyone now using money which is worth less. Distorting prices, inflating asset prices, making the rich (who hold assets) richer and the poor (who have to pay inflated prices) poorer. Driving wealth inequality.
On the hard money side, government must tax properly. Take in more from the rich rather than inflating to take it from the poor. Reducing wealth inequality.
On the government money side, the wealthy monitize houses, stocks, resources. Saving in money is impossible, its inflated away. So they save in assets and hording resources. Capital is misallocated. The youth can't afford houses. Poverty traps are caused. The only way out is printing more for benefits. Making it all worse. More economic crises, more printing. More government debt.
Eventually, the wall is broken. Government money people can save in the hard money instead. It reduces the value of government money further. More printing. More inflation.
Eventually, war. Funded by printed money.
The dollar is the best of a bad bunch all other government money is falling in value even faster.
I wonder, is bitcoin really this better money though? It's limited, hard, and can't be printed without energy investment.
I'm still unsure that fixing money fixes the world.
--
Note: "crypto" is mostly more like government money than bitcoin. It can be printed indefinitely by it's makers, does not cost it's makers to print. Crypto is usually just a scam people to get more bitcoin. Bitcoin is not crypto.
#bitfest #bitcoin
@waidler@bayerwald.social2025-12-26 12:06:02
Hier werde ich von Zeit zu Zeit einige Bilder aus dem Bayerischen Wald posten.
➡️ #bayerwald
@grahamperrin@bsd.cafe2025-10-25 00:12:34
Still bugged in BETA3.
In the first screenshot – a more thorough test of the issue – it is impossible to login as root.
The third shot shows the failing result of a first attempt to work around.
A subsequent workaround succeeded, however the end result is quite ugly, and may be broken (with the possibility of another login failure) as a result of a true fix.
#FreeBSD…
@floheinstein@chaos.social2025-12-25 04:38:03
Several times now, I experienced discussions that reached a point where someone replied with "But ChatGPT says..." and screenshot. Usually it went downhill from there.
Is this the new Godwin's Law?
"As an online discussion grows longer, the probability of someone posting the result of an LLM prompt approaches one."
#ReductioAdHitlerum
@gscherer2@social.linux.pizza2025-11-22 22:57:05
Brown Pelican flying low over the waves. Fiscalini Ranch Preserve, Cambria, California, USA. October, 2025. OM System OM-1 M.Zuiko 300mm F4 MC14. #fiscaliniranchpreserve #cambriacalifornia
@anildash@me.dm2025-12-12 19:07:11
lol it’s so genuinely fun seeing Cory take decades of fluency in how these systems are broken and serve it up for a mainstream audiences. Even if you know “enshittification” well, this is worth the watch. And love to @…! https://
@cdarwin@c.im2025-10-04 19:49:01
Senator Murphy:
It’s pretty wild that the corruption is so brazen, is so transparent.
Vought sent out this tweet yesterday saying, I’m canceling energy projects in the following states, and listed the states.
And every single one of them is a state represented by two Democratic senators.
And the one Democratic senator who voted for the Republican continuing resolution
—that senator’s state wasn’t on the list.
So, you know, it’s just there for everybody to s…
@anildash@me.dm2025-12-12 19:07:10
lol it’s so genuinely fun seeing Cory take decades of fluency in how these systems are broken and serve it up for a mainstream audiences. Even if you know “enshittification” well, this is worth the watch. And love to @…! https://
@floheinstein@chaos.social2025-12-14 09:13:48
@floheinstein@chaos.social2025-10-30 08:41:12
Ich hab jetzt gerade die 100sten "Nett hier. Aber waren Sie schon mal in Ankh-Morpork?" Sticker über meinen Etsy-Shop verkauft.
Und weil morgen Allesfalb-Nacht ist, feier ich das: 10% mit dem Code ALLESFALBNACHT
https://floheinstein.etsy.com?coupon=ALLESFALBNACHT
