@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
@Techmeme@techhub.social2025-11-16 21:05:40
Tokyo-based Sakana AI becomes Japan's most valuable unicorn at a ~$2.6B valuation, following a ~$130M raise from Mitsubishi UFJ Financial and US VC firms (Nikkei Asia)
https://asia.nikkei.com/business/technology/a…
@cdarwin@c.im2026-01-19 16:56:20
Trump promised Iranians the U.S. would rescue them.
They were betrayed.
Reeling from a crackdown on protesters in Iran that left thousands dead,
Iranians are now grappling with feelings of betrayal, confusion and uncertainty
after Donald Trump repeatedly promised to intervene on their behalf
and then declined to do so.
Some Iranians said in interviews that Trump’s words of support had added to their determination to resist the Iranian government
aft…
@cowboys@darktundra.xyz2025-12-15 07:14:35
Trevon Diggs wants to play, unsure why he isn't on the field https://www.dallascowboys.com/news/trevon-diggs-wants-to-play-unsure-why-he-isn-t-on-the-field
@netzschleuder@social.skewed.de2026-01-18 09:00:05
messal_shale: Messel Shale food web (2014)
A network of feeling links among taxa based on the 48 million years old uppermost early Eocene Messel Shale. Edge property 'certainty' denotes the certainty of the edge. Metadata include evidence, habitat, and trophic roles. The edge direction goes from consumer to resource.
This network has 700 nodes and 6444 edges.
Tags: Biological, Food Web, Uncertain, Weighted, Metadata
@Techmeme@techhub.social2026-01-18 06:06:11
Mannheim, Germany-based osapiens, a provider of ESG compliance software, raised a $100M Series C solely from Decarbonization Partners at a $1.1B valuation (John Reynolds/Tech.eu)
https://tech.eu/2026/01/14/german-startup-osapiens-becomes-unico…
@cowboys@darktundra.xyz2025-12-15 06:58:09
Trevon Diggs wants to play, unsure why he isn't on the field https://www.dallascowboys.com/news/trevon-diggs-wants-to-play-unsure-why-he-isn-t-on-the-field
@netzschleuder@social.skewed.de2026-01-17 08:00:05
messal_shale: Messel Shale food web (2014)
A network of feeling links among taxa based on the 48 million years old uppermost early Eocene Messel Shale. Edge property 'certainty' denotes the certainty of the edge. Metadata include evidence, habitat, and trophic roles. The edge direction goes from consumer to resource.
This network has 700 nodes and 6444 edges.
Tags: Biological, Food Web, Uncertain, Weighted, Metadata
@netzschleuder@social.skewed.de2025-11-17 09:00:04
messal_shale: Messel Shale food web (2014)
A network of feeling links among taxa based on the 48 million years old uppermost early Eocene Messel Shale. Edge property 'certainty' denotes the certainty of the edge. Metadata include evidence, habitat, and trophic roles. The edge direction goes from consumer to resource.
This network has 700 nodes and 6444 edges.
Tags: Biological, Food Web, Uncertain, Weighted, Metadata
@netzschleuder@social.skewed.de2025-12-16 13:00:04
messal_shale: Messel Shale food web (2014)
A network of feeling links among taxa based on the 48 million years old uppermost early Eocene Messel Shale. Edge property 'certainty' denotes the certainty of the edge. Metadata include evidence, habitat, and trophic roles. The edge direction goes from consumer to resource.
This network has 700 nodes and 6444 edges.
Tags: Biological, Food Web, Uncertain, Weighted, Metadata
