That’s a job of central banks, and they normally manage it well enough. Sure, crypto offers more reliability on that front by making it impossible to control emission. But at the same time, this means money can’t be printed when it would be highly beneficial for the economy, for example when recovering from economic crisis - without extra emission the country will be screwed up real bad. At the end of the day, the fiat emission is agile for good reasons.
I’ve kinda answered it already - because most governments will keep it alive by never ever going crypto. After all, this will probably be in the best interest of the general public as well, and it doesn’t appear that concepts of going full crypto are popular among masses.
People had 15 years to “wake up” now, yet they didn’t. Partly due to volatility which makes planning near economic future impossible, partly due to scare, but most importantly because they still get their wages in fiat, pay for products in fiat etc., and generally have little left to invest.
The state doesn’t have incentive to change the regulations that favor crypto because crypto is generally worse as actual money as opposed to store of value for the reasons described above.
Crypto bros will shill “crypto everywhere soon” narrative every time they can, and I’ve seen it since at least Mt. Gox era. But until the regulations will be there (and they won’t), nothing is gonna happen.
Solana currently has 1777 validators - which doesn’t look like much compared to Bitcoin, but is actually way more than enough for any practical intents and purposes.
Uhm…people would use traditional finances? Banking system ain’t going nowhere, and CBDCs make their turn - as dystopian as they are, it’s super easy to force them upon people.
What would be wishful thinking is assuming most countries will happily adopt crypto. And besides - that’s even more of a dystopian scenario.
laughs in Russian
Crypto capitalism is super bad idea exactly because it’s uncontrollable, i.e. all the bad stuff of capitalist economy, uncaged.
It encourages money hoarding, which cripples the capitalist economy, it does not allow to control emission, which is actually bad because it’s essential to driving economy out of crises, it does not allow to block criminals’ access to money and transactions, it severely complicates taxation and other important economic actions.
Crypto capitalism has the potential to exacerbate inequality, and cause a giant slew of problems sending modern economy into chaos. But yes, your 500 ADA salary will be truly yours.
I’m pro-crypto, by the way. While posing new risks, crypto can be super helpful as means of unsanctioned money transfer, breaching artificial limitations, keeping governments in check by always being able to support protesters, etc. But making it the world go-to currency is a bad idea.
While Lightning doesn’t need you to open a channel for every new recipient and has smart routing through other participants, I still think it’s an inconvenient solution we don’t have to take.
We have Solana, a 300.000+ TPS Layer-1. We have much smarter Ethereum Layer-2’s that don’t require this bullshit. We have many ways to tackle this problem, it’s the hyperfocus on Bitcoin that, in my opinion, makes people go for Lightning network anyway.
Transactions per second
Mining is barely transactional in nature. Pretty much all of it is calculating hashes, which, on one hand, is super important as part of Proof-of-Work consensus, the most decentralized one we have, but on the other we have other reasonably secure options that waste two orders of magnitude less power.
Great! Sail bravely, for we’re heading into the exciting waters of the future!
Rarr!
Firefox user since ever. Never looked anywhere.
A new media for the new generation. In an era of ever-growing flow of information, it’s only natural pieces are more and more condensed and visual. That’s how we got here.
And that’s where I and most other Palestine supporters strongly disagree.
For starters, being attacked doesn’t allow the country to breach the international treaties on the law of war. Civilian massacre and “leveling of Gaza” is a grave breach of the treaties and a war crime, it should not be supported and Netanyahu and Israeli military officials are waited for in Hague, where they need to give quite an explanation for what they’ve done (and certainly get arrested).
Second, the attack on Israel was carried out by a small militant group, to which the majority of Palestinians barely holds any relation. About 200 people were taken as PoW. Israel’s response on that was unproportionate, with dozens of thousands of civilians killed, misplaced, and taken as PoWs. Regular people, people who did not attack Israel, are now finding themselves among one of the most cruel and lawless wars of the 21st century, with nobody able to protect them.
People of Palestine did not deserve this. They are civilians, and under the law of war, they should never be touched. There is a reason international community recognizes those rules, and Israel just decided to not give a damn. Israel is currently carrying more unnecessary, malicious violence and extermination than any other country on Earth.
As I said, under any circumstances, total war is not justified, and the international community has long formalized that. This conflict has shown how many people lack basic humanity to be able to universally recognize basic human rights long written in international laws and conventions.
Nope, you ignored my last message.
You said, and I cite you here: “Total war on Gaza looks pretty damn justified to me.”
This is total war, yes, wholeheartedly agreed here. It is not justified in any way, shape or form.
That’s entirely a matter of habit. There is nothing special about 0°F (random point in the cold range?) or 100°F points (random point in the hot range?), you’ve been lied to.
We don’t think -18°C to 38°C, we think -50°C to +50°C (regular Celsius weather thermometer, covers almost any temperature observed on Earth), with 0°C differentiating between snow/ice, “wintery” weather, and rain/mud, “non-wintery” one. That’s how we know whether to take umbrella (no point if it snows, hat is your best friend), what kind of shoes are the best fit - cold-resistant or highly waterproof - or which kind of jacket is gonna fit the situation. Melting point of water is actually incredibly important weather-wise and entirely ignored by Fahrenheit scale.
When it’s not winter, normal range is 0-40°C, with 20°C designating comfort temperature.
Seconding this.
The reason we even care is that maintaining two systems is heavily impractical and adds to confusion all around the world - simply because 4% of world’s population can’t bother to make a change.
We wouldn’t care what you use - perfect barbecue temperature scale, length unit of football field, weights in blue whales - if it wouldn’t affect the rest 96% of the world who have to decipher your blubber.
Everyone uses Celsius and metric, make a damn switch, it’s not that hard and you won’t lose anything. You only use it because you’ve used to it, there is literally nothing else to it. Everyone switched, everyone’s happy with it. Do it already.
P.S. Also, Fahrenheit is currently officially defined through Celsius, as a scale that is at 32 degrees on melting point of water (0°C), and 212 degrees on its boiling point (100°C).
Let it sink in.
Fahrenheit is modernly defined through Celsius.
Does anyone feel the difference of 1°C?
You claim “total war is justified”. I say it’s pretty much never justified.
What kind of fragile sensibilities are you talking about here?
Alright, let’s settle on that.