Inflation is caused by inflationary currency. Any other inflation caused by supply chain issues, corporate greed, lack of market competition, etc is just added on top of that. Fiat inflationary currency is a rather new invention in terms of the human timeline. They aim for 2-3% inflation in “good years”. Central banks are not to be trusted.

Think of it: in the last 50 years, everything has gotten cheaper to produce thanks to increasing mechanization, outsourcing to cheap labor/low regulation countries, and extremely efficient supply chains. Yet so many things “costs more” than it did 50 years ago. Even basics like bread. How is that the case? Shouldn’t it cost less? Where is that “extra efficiency” going if not to lower prices? The answer: bread is the same value it’s always been, the money has gotten less valuable. This is how they keep working class people running on a treadmill, never able to achieve economic mobility.

Inflationary currency devalues the currency you worked hard to earn by increasing the supply. It hits the middle class the worst because they have more of their net wealth in cash, often in the form of emergency funds, savings, and putting together enough money for a down payment on a home. Rich people have their money in assets which aren’t harmed by currency inflation. Poor people live hand to mouth. If you want to identify the causes of increasing wealth disparity, the inability of people to save money is a major one.

Inflation is caused by inflationary currency. Any other inflation caused by supply chain issues, corporate greed, lack of market competition, etc is just added on top of that. Fiat inflationary currency is a rather new invention in terms of the human timeline. They aim for 2-3% inflation in “good years”. Central banks are not to be trusted.

Think of it: in the last 50 years, everything has gotten cheaper to produce thanks to increasing mechanization, outsourcing to cheap labor/low regulation countries, and extremely efficient supply chains. Yet so many things “costs more” than it did 50 years ago. Even basics like bread. How is that the case? Shouldn’t it cost less? Where is that “extra efficiency” going if not to lower prices? The answer: bread is the same value it’s always been, the money has gotten less valuable. This is how they keep working class people running on a treadmill, never able to achieve economic mobility.

Inflationary currency devalues the currency you worked hard to earn by increasing the supply. It hits the middle class the worst because they have more of their net wealth in cash, often in the form of emergency funds, savings, and putting together enough money for a down payment on a home. Rich people have their money in assets which aren’t harmed by currency inflation. Poor people live hand to mouth. If you want to identify the causes of increasing wealth disparity, the inability of people to save money is a major one.

You’re right about NFTs. There’s no reason to store the data on chain. Chain stores the metadata and pointers to the files (IPFS, torrent/magnet link whatever). Chain administers how many copies etc should exist and enforces those rules. Filecoin etc have already successfully done this.

Downvote this guy all you want, but this is an incredibly true point. For 15 years, Bitcoin has maintained a distributed, uncensorable ledger, the question is, can we use similar ledger tech to store archive.org? Wikipedia is a single point of failure, so is Archive.org. So is the library of congress. We could easily store all the text content of wikipedia on chain that’s under 100GB, along with IPFS pointers to media content. Long-term, humanity needs a resilient censorship-resistant system to store our collective knowledge and history. These systems, when sufficiently large, are uncensorable and incredibly difficult to exercise undue influence against or shut down. Ask anybody whose tried to get a judge to enforce a judgement against the bitcoin blockchain lol. And they can survive quite well major disruptive events like wars, natural disasters, and even widespread network disruptions. Blockchain can also solve the spam problem that plagued early P2P systems like Gnutella/Ed2k/etc. Everybody moved to BitTorrent because we could trust custodians (trackers and indexers) to curate lists of valid torrents. But that can be decentralized now.

There’s over a dozen different blockchain projects working on the “file storage problem”, some of them have very interesting proposals, at least one of those is going to emerge from the smoke with something that will replicate archive.org’s current role, but it might be a few years before that happens. Already, we have blockchains which offer “decentralized file storage marketplace” that competes pretty well with current file storage providers (AWS etc), and some of them have been running for years.

They may have not, who knows. If they’re using the donations to buy arms from other countries, BTC may well be the easiest way to move those funds. Hryvnia isn’t exactly a popular currency for international trade and moving money in/out of Ukraine is difficult. Banks see it as a place with many counterparty risks and low liquidity, many banks won’t even let you wire money there for that reason.

If they did convert them, they probably used an exchange of some kind and converted it to whatever currency they need to buy whatever it is they want to buy. Either USD/EUR or the currency of the country they’re buying from (Lira if they are buying Bayraktar drones). Somebody more knowledgeable in chain analytics than me could probably figure out which exchange they used.

Interesting thanks I’ll take a look!

We need decentralized, federated search. I remember YaCy from years ago was attempting this. Anybody know if there’s anybody actively working on this?

Very excited to see this, and to be able to follow BlueSky and Mastodon users from my nostr app

arious far-right groups basically created the framework for their anti-science actions with the COVID pandemic and various anti-vaxx groups that existed before it. Therefore they will double down in their efforts to resist any kinds of mitigation efforts because of “freedom” and “do not comply”. Hell, many of them are buying raw milk in hopes of “gaining immunity” and of course “owning the libs”!

That was a “viable” strategy for a disease with a 1% mortality rate. H5N1 is expected to be much higher AFAICT. And there is some solid analysis showing that this particular form of owning the libs resulted in some swung elections.

I’m not super worried, but I did buy a few extra groceries. We do not have the public trust in public health agencies to manage a pandemic. I still wear N95s at the store, I have more boosters than my entire social circle combined, and I don’t trust a damned thing the CDC says at this point. I “followed the science” and trust scientists. But I don’t trust the CDC and If I don’t, why would anybody else?

I remember them telling us covid was low risk, that it would be contained, and not to panic. That masks didn’t work, that there was no reason to buy them. And that it wasn’t airborne despite evidence piling up for months. I remember the Surgeon General going on tv and telling us to wrap a t-shirt over our face as an effective mask. They took years to update their mask guidance, last I checked they still suggest surgical masks despite N95s being widely available and vastly more effective.

I remember them turning down millions of tests from the WHO so they could release their own, only to release tests that did not work and had to be recalled. That costs us weeks when days mattered. I remember the FDA going after a scientist in Seattle who offered free covid tests against FDA policy, threatening any scientist who dared to offer free local covid testing when CDC had a backlog measured in weeks. In fact, I remember the CDC fumbling at basically every possible point in the pandemic’s trajectory from day 1 until present day where they release boosters right after the peak of infections, after everybody has already gone back to school and everybody’s gotten sick, and when the boosters do arrive not only are they late and meaningless, they are an entire strain behind.

I remember them publishing “studies” with such poor scientific rigor that my 5th grade science project would blow them out of the water. One in particular the CDC used to prove masks work, which they absolutely do, and they went on a whole media tour touting this study, was a case study with two hairdressers. One hairdresser wore a mask and one didn’t. The one who wore masks didn’t infect any patients, while the maskless one did. Except this proved nothing at all because on average, most people are not infectious. Even if neither of them wore masks, it was a completely expected result. Absolute hot garbage science from the agency that is supposed to be the best at it in the world.

Fuck 'em all, that entire agency needs to be replaced.

Honestly this applies to a lot of people in civic service. Not rich politicians, but the people trying to run your local or state government. Often the races are uncontested, because they literally can’t find even one other person who wants the job. Some of them are incompetent or pursue these jobs for power-seeking reasons, but many of them have their hearts in the right place and want to give back to their community, often while fighting ridiculous red tape at one end while contending with threats and harassment from citizens at the other. And the pay is often terrible. My local city council positions would qualify you for food stamps/EBT.

Let your MEP know their voters care about privacy. These efforts have been defeated before, it just requires vigilance. Your letter can be as simple as “I care about privacy”. That’s all you have to write.

https://www.europarl.europa.eu/meps/en/home

Let your MEP know their voters care about privacy. These efforts have been defeated before, it just requires vigilance. Your letter can be as simple as “I care about privacy”. That’s all you have to write.

https://www.europarl.europa.eu/meps/en/home

Let your MEP know their voters care about privacy. These efforts have been defeated before, it just requires vigilance. Your letter can be as simple as “I care about privacy”. That’s all you have to write.

https://www.europarl.europa.eu/meps/en/home

If they’re allowed to film us with security cameras every 10 feet, we shouldn’t make criminals out of people using their phones to film in public or semi-public (like a grocery store) places.

Same thing whenever you see articles about Bitcoin’s energy use. Or the energy usage of any tech service/product:

• For some reason blames the product or service people are using, not politicians for failing for decades to invest in renewable energy.
• No contextual information (how much does the remittance industry use? How much energy does SWIFT, IBAN, or printing paper money use)? How efficiently do these systems actually use energy?
• No mention of the many useful things it does with that energy or why it uses energy in the way it does. (Send money across the globe in under a second for under a penny in fees to anybody with a cellphone and halfway reliable internet) (low fees available on Bitcoin lightning)
• No mention that most of that energy comes from renewables or how being a “buyer of last resort” for energy actually helps build out renewable grids since grid operators can guarantee whatever energy capacity they provision will be bought. Doesn’t even look at energy mix and demand curves.

Just ragebait tailored to their readers who already have strong negative opinions about this asset class but not about bonds or stocks or other asset classes for some reason. Even though Bitcoin has kept all its promises for 15 years in a row, never been hacked, never experienced an hour of downtime, or bank holiday, and never had its value printed away by an ever increasing supply (supply is capped at 21 million coins).

Works great till somebody does a sim swap on you.

It’s always the same bullshit when they want to take away your rights:

• “Protect the children”
• “Foreign influence” or “spies”
• “Misinformation”
• “Stop Terrorism”

Another great reason why we need good, anonymous currency and more privacy in society. Everything’s all fine and dandy till your bank or google maps rats you out.

Yeah. Some can be setup pretty well for it. It’s more efficient compute-per-watt than any desktop or laptop computer. Just take caution w the battery, obviously. I wouldn’t suggest running it on any android unless the battery is removable or you’re ready to sacrifice that device to BOINC.