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@pre@boing.world
2025-11-22 10:39:50
Content warning: bitcoin conference report

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.social
2025-10-23 11:15:53

Email: Indian crypto exchange WazirX plans to resume operations on October 24, following a court-approved restructuring, after hackers stole $230M in July 2024 (Shaurya Malwa/CoinDesk)
coindesk.com/markets/2025/10/2

@primonatura@mstdn.social
2025-12-12 17:00:32

"Wood-burning stoves face new restrictions in the U.K.—but a loophole from Britain's smog years is fueling the problem"
#UK #UnitedKingdom #WoodBurner

@floheinstein@chaos.social
2025-12-07 08:11:06

I just found out that in old planes, flight computers were programmed with audio cassette tapes 😯 which now makes me want to look up how data recording on MCs worked on the C64 (before my time).
I remember that in the 90s, I tried to run "play.exe word.doc" to get my SoundBlaster card to write to my cassette tape. Which of course didn't work.
I bet there is a FOSS project that backups and restores to audio cassettes.
Well, I guess now I know how I'll spend my…

@paulbusch@mstdn.ca
2025-12-09 14:29:05

So this is percolating and the results so far are not surprising.
I'd vote NO, for the following reasons:
- oil demand continues to decline and risk is high we'll end up with an expensive underutilized pipeline. Therefore high risk we'll end up subsidizing any private entity that builds this thing.
- why would we invest public dollars to support infrastructure for a product where 75% of the profit leaves Canada? There has to be a net benefit, beyond steel sales and jobs, for this project to be considered.
- Indigenous land rights must be respected. They will be left with the rusting pipeline decades in the future, and it's impact on the land.
- the B.C. government must also have a final vote as they have to give up land and provide support.
- we don't need additional oil tankers on our west coast.
- and most importantly, with this MOU, Canada pretty much declared we aren't serious about protecting the environment or fighting climate change. We're oil whores. Harsh but....
#CanPoli #ClimateAction

@grumpybozo@toad.social
2025-10-06 21:43:28

This is only true for some flavors of "big accounts."
A number of the people I follow with thousands of followers are ONLY on the #Fediverse and most of the rest are only here and on Bluesky. I routinely block people here and on Bluesky (and across the bridge) who pull in the sewage from X and dump it in either place.
I'm not really interested in following people that wa…

@arXiv_csCL_bot@mastoxiv.page
2025-10-10 10:52:19

DACIP-RC: Domain Adaptive Continual Instruction Pre-Training via Reading Comprehension on Business Conversations
Elena Khasanova, Harsh Saini, Md Tahmid Rahman Laskar, Xue-Yong Fu, Cheng Chen, Shashi Bhushan TN
arxiv.org/abs/2510.08152