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Comment on Bitcoin is Stupid and Does Not Deserve an Emoji (blog post)
cygnus@lemmy.ca 1 month agoLook at my totally stable store of currency bro, trust me bro, this is totally useful as a means of exchange and you can trust in its future value bro, just believe me.
parpol@programming.dev 1 month ago
cygnus@lemmy.ca 1 month ago
Creeping my posts form days ago? That isn’t weird or anything. I’m guessing you’re trying to make a point in there somewhere, but you’ll have to point it out to me.
shortwavesurfer@lemmy.zip 1 month ago
Now, overlay that price chart with a transaction count chart averaged out over say 90 days and what you will notice is that big spike up to 400 and above was at basically no transaction volume which makes it seem more like that was hype. Looking at the price chart over shorter timeframes such as a year will show you that the transaction count is actually increasing now and the price is staying quite stable.
cygnus@lemmy.ca 1 month ago
“Ignore the glaring flaws and look only at the parts I tell you to” is great fiscal policy and inspires a lot of trust. You nerds are basically sending PGP emails to each other and pretending it’s money. It isn’t — it’s literally nothing.
shortwavesurfer@lemmy.zip 1 month ago
Well, we will just have to agree to disagree.
cygnus@lemmy.ca 1 month ago
No, because the rest of us have to deal with the environmental destruction wrought by your virtual paperclip maximizer. it affects everyone.
YtA4QCam2A9j7EfTgHrH@infosec.pub 1 month ago
I don’t know if this argument is the winner you thought it was. A currency where people aren’t using it as a means of exchange because of price fluctuations is a failure.
cygnus@lemmy.ca 1 month ago
No, no, hear them out. It’s actually super great that when you walk into the grocery store the loaf of bread is $1.50, and by the time you walk to the bread aisle it’s $0.72, and by the time you walk to the cashier it’s $2.10. This is actually super great, because there’s also a medium country’s worth of electricity being consumed to enable that.
shortwavesurfer@lemmy.zip 1 month ago
When i pick up a loaf of bread its 0.012, and when i check out its 0.012. Currentsies are going to shift against each other. The exact same thing would occur if you walked into a store in, say, Germany and handed them dollars. Also, do you mind telling me how much energy the banking system uses to run their equipment, build their buildings, have their employees come to their branches, move armored trucks full of cash, etc.
shortwavesurfer@lemmy.zip 1 month ago
It fluctuates with an I narrow range, and as it gets more adoption, that range is continuing to narrow. As a matter of fact, I sell items for Monero and I keep my prices completely stable and people do come to buy things. xmrbazaar.com/user/shortwavesurfer2009/. I have my prices set in such a way that they will stay stable until at least December 1st of 2024 at which time I will update them if need be.