SwingingKoala
@SwingingKoala@discuss.tchncs.de
- Comment on tchncs was updated to Lemmy v0.19.4 5 months ago:
Hm, is it just me, or is the vote count for comments gone?
- Comment on Microsoft's carbon emissions up nearly 30% thanks to AI 5 months ago:
worked fine for millennia without inflationary money
That means until the early 1900s or 1970s when inflation went into overdrive.
our current population boom
Huh what?
- Comment on Microsoft's carbon emissions up nearly 30% thanks to AI 5 months ago:
deflationary economies are terrible for everyone
That’s a myth spread by modern monetary theorists because they only understand the economy from an inflationary perspective. Economies worked fine for millennia without inflationary money.
- Comment on Microsoft's carbon emissions up nearly 30% thanks to AI 5 months ago:
I’d love to see any evidence or logical arguments that an inflationary economy is worse than a deflationary one.
Don’t you understand that artificially induced unlimited growth is bad? It’s not about inflation or deflation, but the outcome.
www.ecb.europa.eu/mopo/strategy/…/index.en.html
The main task of the ECB is to maintain price stability. The ECB’s Governing Council considers that price stability is best maintained by aiming for 2% over the medium term. Price stability creates conditions for more stable economic growth
- Comment on Microsoft's carbon emissions up nearly 30% thanks to AI 5 months ago:
Crypto is literally just machines wasting energy on purpose to create false scarcity
A monetary system that is designed to lead to eternal, cancerous growth through intentionally inflating the money supply is far worse.
- Comment on We keep measuring everything's value with something that continuously loses value over time 6 months ago:
I think it’s pretty simple to see inflation only hurts the have-nots
It hurts have-nots, but also medium to high earners who are forced to spend time to learn and to invest their money if they don’t want to lose wealth. That destroys their productivity or their free time which hurts society as a whole.
- Comment on We keep measuring everything's value with something that continuously loses value over time 6 months ago:
It basically happens when people buy money
So you already don’t follow the mainstream economic narrative that consumer prices track inflation, good for you!
- Comment on We keep measuring everything's value with something that continuously loses value over time 6 months ago:
to prevent all money from ending up in a single party’s hands.
Inflation encourages and amplifies wealth accumulation.
- Comment on We keep measuring everything's value with something that continuously loses value over time 6 months ago:
I understand why it happens
Why does it?
I never understood why inflation was a good thing
It isn’t, that’s a narrative told by politicians, and economists who are primarily paid by the government.
- Comment on "Yeah, but what if we used AI?" 7 months ago:
You want your money to fund wars, bloated government agencies and such?
- Comment on But how would they be able to live on that? 7 months ago:
Planned economy like in the Soviet Union.
- Comment on But how would they be able to live on that? 7 months ago:
Because inflation is worse than taxation. It hits poor people harder than rich people who have their wealth in non-monetary assets.
- Comment on this one goes out to the arts & humanities 7 months ago:
I would love to see people and lawmakers really crack down on AI replacing jobs
Why stop thee, let’s crack down on electricity replacing jobs!
- Comment on Why crypto could be green power's unlikely new best friend 7 months ago:
I’m not the one who ignores reality.
- Comment on Why crypto could be green power's unlikely new best friend 7 months ago:
Again, that option is NOT available everywhere. Brain, turn it on.
- Comment on Why crypto could be green power's unlikely new best friend 7 months ago:
Lol
- Comment on Why crypto could be green power's unlikely new best friend 7 months ago:
Why don’t we store it and use it another time?
This option is NOT available everywhere, and that is where bitcoin mining shines. See e.g. Gridless.
- Comment on Why crypto could be green power's unlikely new best friend 7 months ago:
Indeed, you can see one shilling in a long thread below. Bitcoin not crypto, that idea was understood years ago by people who do a bit of research.
- Comment on Why crypto could be green power's unlikely new best friend 7 months ago:
ecologically terrible
Care to elaborate?
- Comment on Why crypto could be green power's unlikely new best friend 7 months ago:
This is way more profitable
Cool, I agree. Let energy providers decide how to monetize their product in the most profitable way.
- Comment on Why crypto could be green power's unlikely new best friend 7 months ago:
Edit: After looking at your profile history, I’m banning/blocking you on my instance. So if you reply and I don’t, it’s bot because I don’t care and won’t see the response anyway.
That’s fine, it’s enough if others can see how willfully ignorant you are.
- Comment on Why crypto could be green power's unlikely new best friend 7 months ago:
Tell me you know nothing about the current state of power storage technology without telling me you know nothing about the state of power storage technology.
- Comment on Why crypto could be green power's unlikely new best friend 7 months ago:
I guess you don’t understand economics. Let solar power providers go bankrupt because there’s no buyer for their output.
- Submitted 7 months ago to energy@slrpnk.net | 28 comments
- Comment on Renewable energy overtakes gas in the UK, analysis shows 7 months ago:
What about day vs night?
- Comment on African Development Bank chief criticizes opaque Chinese loans tied to Africa's natural resources as they leave African countries in financial crisis 7 months ago:
A US-based and financed research organization with researchers who work at the World Bank saying that the Chinese imperialistic financial system is worse than theirs, why am I not surprised?
- Comment on African Development Bank chief criticizes opaque Chinese loans tied to Africa's natural resources as they leave African countries in financial crisis 7 months ago:
So exactly the same as the World Bank/IMF. Yeah, that’s bad.
- Comment on Please Stop 8 months ago:
Btc was distrubuted as fairly as anything else
Ever heard of ethereum premining? Or which programmable shitcoin are you talking about?
it’s not as stable as since we have stablecoins
Ouch, fiat thinking. Bitcoin has a stable issuance schedule (changed over and over in eth for example), that’s what I’m talking about.
scarcity means nothing
Like I said, you don’t understand money or economics. Aristotle already knew that money has to be scarce.
it’s decentralised as much as anything else
I guess your dear leader Vitalik doesn’t exist. Or, again, which shitcoin?
Today all what btc does is pollute.
Haha, at least now I know you’re a proof of stake shitcoiner. Probably eth. Proof of work solved a problem proof of stake doesn’t: trustlessness.
You can’t do anything with it.
You know which currency you can do by far the most with? The USD. Are you bullish on that?
- Comment on Please Stop 8 months ago:
This is how tech people often think because they don’t understand economics and the value bitcoin provides. Bitcoin was distributed fairly, is stable, is scarce, and most importantly, is decentralized. Probably all “programmable” shitcoins have zero of those properties and the market reflects that.
- Comment on Please Stop 8 months ago:
As a bitcoiner I couldn’t agree more, please don’t make another cryptocurrency.
