

What gives any currency any value other than human belief in it? After all, when fiat currencies become valueless, we as humans end up back at gold, which has been in use for millennia.
What gives any currency any value other than human belief in it? After all, when fiat currencies become valueless, we as humans end up back at gold, which has been in use for millennia.
Ah, okay. See, we are exactly the opposite in that case, because I have lost all faith in governments, and therefore have lost all faith in what they call money.
Edit: Tap the Publish button before I’m into.
You could give me a bunch of government fiat, and I would take it and turn it into crypto simply to have more crypto because there are still people who desire to have government fiat currency. And I am not one of them.
Fiat currencies are money by decree of a government. If you have lost trust in your government or your government is not trustworthy to begin with, then the Fiat currency is not worth the paper it’s printed on or the digits in your bank account. Your access to your bank account can be restricted at any time for any reason with just a simple push of a button and you have extremely small or no recourse to such an action. Cash is better in that regard, but even so your government or central bank purposely says they want to devalue your cash and other currency by a set target per year. Therefore making you have to work harder or become poorer. As an example, the U.S. Federal Reserve targets a 2% inflation target per year, which means if you put a $100 bill under your mattress today, in 2035, it would only buy you $80 worth of goods. I’m not that old, and yet, when I was a young kid, a $500,000 nest egg would work extremely well for a good retirement. Now, that is absolutely not the case. Not because of the goods getting more expensive, but because of the currency depreciating in value as you work for it.
Money of course. I have been paying my bills with crypto since 2023.
To be fair I’m not a huge fan of pure proof of stake because it makes validation more difficult because you have to have code for slashing somebody’s stake if they are malicious or bad and a malicious entity could just buy up a bunch of your tokens and tank them. Admittedly, not a lot of people would do so, but I could totally see a government buying up a bunch of tokens on a network and purposely crashing the network in order to rid themselves of a nuisance and calling it justified. Proof of work makes that much more difficult. Still doable for certain, but much, much more difficult.
That’s true. And personally, I stay away from all of that mess. And anybody I introduce, I take great pains to explain why I stay away from all that mess. But if they want to make their own mistakes, then that’s on them.
My first question to you would be, how much energy does the banking sector use to run bank branches, haul physical money back and forth, bring employees to and from work, etc?
Next, not all blockchains require extreme levels of computation power for proof of work. Take Monero, for example, which deliberately makes ASIC chips impossible to use and is therefore mined only on CPUs, which are extremely common.
I’d say you’re right for 99% of it, but there is 1% that’s genuinely useful.
That’s a very good point. We should not be complacent just because we are not on a platform that is likely to collect all this information. We should check it ourselves to make absolutely certain.
Meshtastic on the moon… Moontastic!
Before 2009, if you wanted to send somebody money over the internet, you had to ask permission from a third party to do so. And the third party could say no if they wished and you would have no recourse. The internet needed a native money so that you could send value just as simple as sending an email disrupted the postal service.
Total private blockchain that hides the sender, the receiver, and the amount sent and received. A tail emission to continue to provide an incentive for miners to secure the chain into the future. And a community hell bent on decentralization and peer to peer cash. Monero does not compromise. For example, it has been delisted from nearly every centralized exchange because the community refuses to add anything that would allow easier tracing.
I do mark to market at the six month moving average and when I sell items for Monero, I also mark them at the six month moving average so that prices move slowly.
https://xmrbazaar.com/user/AuroraGeneralStore/
Edit: Over the past, call it 7 or 8 months. It’s increased by 29.8% ($142.50 to $184.67).
Edit 2: That obviously means that all item prices in Monero have dropped by 29.6% in the past seven or eight months.
Not on mine, it doesn’t. I don’t use the Play Store. I don’t have Google Play Services. And I don’t have Google Apps installed. And I’m running Lineage OS. So, fuck you Google.
I agree that most of the crypto industry is complete scams, but you are throwing out the Monero baby with the bathwater.
I am legally blind, so I have to get close to the screen in order to properly see it. So accidental touches can sometimes occur.
Honestly, I hate touchscreen laptops and two-in-one devices. I wonder if I can just turn off the touch capability of this display.
There was no question. There was a statement.
There’s two solutions here. You can either ramp up power, which is kind of difficult with solar to make sure you have enough power, or you could use higher frequencies, which would then make the antennas needed to transmit and receive smaller. And if you kept the same size antennas, then they would be larger wavelength and therefore have gain