• 0 Posts
  • 47 Comments
Joined 1 year ago
cake
Cake day: June 29th, 2023




  • Their time in isolation from when reddit banned chapo did them no favors. When it was banned it was a flavor of radicalism that was tolerable.

    They’ve devolved into something much worse, in the style of the red guard in China killing avowed communists for not being communist enough, and thinking it’s a good thing. They’re just screaming into the void making all leftists look unreasonable and bad, and wondering why no one can stand them.

    I’ve yet to have an interaction with someone from hexbear post reddit exodus where I thought to myself, “you know I bet they’re pretty chill in real life.”







  • That was my point, in essence. Crypto fails as currency because the people in that market don’t want it to be less volatile, making it bad for typical currency uses.

    While yes, the relative values of currency fluctuate over time and in relation to one another, it’s orders of magnitude less and driven by far more predictable and based on actual real world factors. Instead of Fomo, whims, market whales, and indecipherable white papers.


  • You see, no one actually wants a digital currency. There have been several (nano was my favorite) that functioned especially well as a currency, because it used very little compute power to perform or verify transactions.

    But a currency is stable. Which means you don’t magically make money by holding or trading it. So it doesn’t get attention, and therefore doesn’t get widely adopted.

    Everyone likes Bitcoin because it’s speculative digital gold.