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Comment on API error knocks PayPal, Venmo offline around the globe

Cash still loses value at the whim of the central bank and therefore is good in that it cannot be confiscated electronically but bad in that it can be confiscated quite well through inflation. Sure, you absolutely may have the same amount of notes in your pocket, but those notes buy less and less over time.

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JackbyDev@programming.dev ⁨23⁩ ⁨hours⁩ ago

Cash still loses value at the whim of the central bank

You don’t believe that an unregulated and anonymous money like crypto doesn’t have its price manipulated?

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- shortwavesurfer@lemmy.zip ⁨23⁩ ⁨hours⁩ ago
  True, but the market decides what it’s ultimately worth. For example, Monero, on the 365-day moving average, is worth $152.31. And it fluctuates within about 6% of that level, almost always.
  
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  - JackbyDev@programming.dev ⁨22⁩ ⁨hours⁩ ago
    It’s weird to me that you believe the market ultimately decides what crypto is worth while acknowledging manipulation happens, but don’t believe the market ultimately decides what the US dollar is worth while acknowledging the fed controls the rate of inflation.
    
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possiblylinux127@lemmy.zip ⁨1⁩ ⁨day⁩ ago
That’s interesting criticism coming from someone recommending crypto

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- shortwavesurfer@lemmy.zip ⁨1⁩ ⁨day⁩ ago
  I don’t see how considering that Monero, which is actually used by people as money, has a supply inflation of less than two percent. And if I remember correctly, Bitcoin also has a supply inflation of less than two percent. Other cryptos are not money. They are either utility tokens to be used for a specific purpose or complete and utter degenerate scams such as meme coins.
  
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  - deltapi@lemmy.world ⁨21⁩ ⁨hours⁩ ago
    I don’t agree. My raw ETH holds up pretty well as money.
    
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    shortwavesurfer@lemmy.zip ⁨20⁩ ⁨hours⁩ ago
    Do people price items in ETH or is it just a utility token for the Ethereum network? Because it seems more like the latter rather than the former. Like, will somebody sell you a toaster priced in ETH? Because I will sell you a toaster priced in Monero today. xmrbazaar.com/listing/ivSz/
    
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corsicanguppy@lemmy.ca ⁨22⁩ ⁨hours⁩ ago
Not sure the point

Not sure the relevance

Not sure the timing.

Its like a kid on the transit bus talking about dinosaurs.
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