They don't even need to successfully ban cryptos, they just need to make it illegal to convert cryptos to fiat.
If they can take Dick Masterson's credit card privileges away for newproject2, I guarantee you they can take away coinbase's credit card privileges, and suddenly crypto is no longer a thing.
If they can take Dick Masterson's credit card privileges away for newproject2, I guarantee you they can take away coinbase's credit card privileges, and suddenly crypto is no longer a thing.
Couldn't you say that for literally anything? They could ban cryptos. They could bail-in your savings and they're gone. They could confiscate gold.
In my view, if you invested your savings in tax efficient vehicles like RRSPs (in Canada, equivalent to a 401k in the US I believe, but I don't know if you can use 401ks for what I'm about to talk about), then you can get a tax refund for holding the money, potentially get growth from the money greater than the 0.01% the savings account would give you, and you can cash it out at a lower tax rate in the event you need it.
A currency needs to do three things: it needs to be a store value, a unit of account, and a medium of exchange.
As a store of value, it's a pretty poor one. Something like 80% of people who invested in Bitcoin are underwater. From the peak, Bitcoin has lost half it's value even with it's latest gains, making it even worse than most of the world's Fiat currencies in terms of retaining value. It's extremely volatile regardless, so you could definitely make the argument that I'm cherry picking, but the fact is something that may go dramatically up or dramatically down at any time isn't a good store of value.
For the same reason, it's a terrible unit of account. How many bitcoins is your house worth? From day to day, week to week, month to month, year to year, that number is dramatically different. Therefore, the way that Bitcoin tends to be used where it is pretended to be used as a currency is something is priced in US dollars, and the person will use their local currency to purchase Bitcoin at the equivalent value, then the recipient will convert that Bitcoin into their local currency.
Finally, it's not a very good medium of exchange. If I go to the store and want to buy something with my Fiat currency, I either hand them the currency or I use my bank card and the money comes directly out of my account. If I go to the store and want to buy something with my bitcoin, for pretty much anything that I want to buy that's not an option. I have to sell my Bitcoin into the local currency and purchase what I want with the actual currency.
I'm not the only one saying this either. A number of people who are very much into cryptos have come out and said that Bitcoin is not a currency. Some crypto companies have gone in front of the US Congress under oath and said that Bitcoin is not a currency. It's an investment vehicle, it's a property, but it isn't a currency.
In that sense, holding Bitcoin isn't savings, so investing in it with the hope to beat inflation isn't savings, it's just a other asset class in an investment portfolio, and having your money in that investment portfolio is my point.
As a store of value, it's a pretty poor one. Something like 80% of people who invested in Bitcoin are underwater. From the peak, Bitcoin has lost half it's value even with it's latest gains, making it even worse than most of the world's Fiat currencies in terms of retaining value. It's extremely volatile regardless, so you could definitely make the argument that I'm cherry picking, but the fact is something that may go dramatically up or dramatically down at any time isn't a good store of value.
For the same reason, it's a terrible unit of account. How many bitcoins is your house worth? From day to day, week to week, month to month, year to year, that number is dramatically different. Therefore, the way that Bitcoin tends to be used where it is pretended to be used as a currency is something is priced in US dollars, and the person will use their local currency to purchase Bitcoin at the equivalent value, then the recipient will convert that Bitcoin into their local currency.
Finally, it's not a very good medium of exchange. If I go to the store and want to buy something with my Fiat currency, I either hand them the currency or I use my bank card and the money comes directly out of my account. If I go to the store and want to buy something with my bitcoin, for pretty much anything that I want to buy that's not an option. I have to sell my Bitcoin into the local currency and purchase what I want with the actual currency.
I'm not the only one saying this either. A number of people who are very much into cryptos have come out and said that Bitcoin is not a currency. Some crypto companies have gone in front of the US Congress under oath and said that Bitcoin is not a currency. It's an investment vehicle, it's a property, but it isn't a currency.
In that sense, holding Bitcoin isn't savings, so investing in it with the hope to beat inflation isn't savings, it's just a other asset class in an investment portfolio, and having your money in that investment portfolio is my point.
Which currency resists inflation? Virtually every one I'm aware of has been marching in lockstep towards valuelessness
Lmfao they are completely not ready for another reichstag fire. They don't have the infrastructure in place to delete evidence quickly, they don't have the infrastructure in place to entrap their political enemies, and they're just aren't enough jail cells to hold all 60 million of them.
I'm sure you're just joking, but I don't understand why anyone has savings. With inflation on the menu, having cash just doesn't make any sense.
I saw a post a couple days ago by a leftist, excitedly chattering about how the latest budget proposal is going to dramatically raise taxes on the rich.
These people need to understand how politics work. The reason that that budget was put forward this year and not last year is that last year it stood a chance of passing. Meanwhile, the richest people on the face of the Earth get bailed out with money intended to protect the little guy.
These people need to understand how politics work. The reason that that budget was put forward this year and not last year is that last year it stood a chance of passing. Meanwhile, the richest people on the face of the Earth get bailed out with money intended to protect the little guy.
With media in general controlled by adverse parties, there's a lot of bad lessons being taught to men and women.
You can take your wooden sword and swing it 6,000 times per day for 10 years, but it won't help you get a single question right on a calculus exam!
Meanwhile, nobody on earth can pass a calculus exam having never learned numbers. Studying for the exam isn't evil, and nobody will pass the exam because they're just inherently good.
Yet we teach women to pursue self-improvement that's meaningless for their goals, and we teach women that they're already good enough and they don't need to change themselves at all anyway, and we teach men that their worth is set from birth and that improving themselves is evil.
Then you get stuff like this thread is about because they do want better than the losers they find themselves around, but the problem is that by demanding unrealistic men, you'll get one in a million supermen, and 999,999 liars.
You can take your wooden sword and swing it 6,000 times per day for 10 years, but it won't help you get a single question right on a calculus exam!
Meanwhile, nobody on earth can pass a calculus exam having never learned numbers. Studying for the exam isn't evil, and nobody will pass the exam because they're just inherently good.
Yet we teach women to pursue self-improvement that's meaningless for their goals, and we teach women that they're already good enough and they don't need to change themselves at all anyway, and we teach men that their worth is set from birth and that improving themselves is evil.
Then you get stuff like this thread is about because they do want better than the losers they find themselves around, but the problem is that by demanding unrealistic men, you'll get one in a million supermen, and 999,999 liars.
If he did then he would have proposed this budget last year when it could pass.
His entire party is a fraud. Handing trillions to the world's richest people while pretending to do shit like this with his other hand.
His entire party is a fraud. Handing trillions to the world's richest people while pretending to do shit like this with his other hand.
I'm running it locally, and some of the stuff it comes up with is impressively silly.
You're right that being able to run anything remotely similar to the big product on local hardware is a big deal.
You're right that being able to run anything remotely similar to the big product on local hardware is a big deal.
I ain't one of them big city doctors, but it seems to me that China has a larger population than the United States.
Nerding out here for a minute, but one specific type of isekai that I see in Korean and Chinese stories is where the main character goes back in time to an earlier time and uses their knowledge of the future to do better this time around. (Arguably it isn't isekai but that doesn't matter for what I'm about to talk about)
I can't help but think that this type of story reminds me a lot of being a parent. You've already lived through a good chunk of life, so you already know where some of the pitfalls are, and so you're trying to help someone who's a lot like you do better this run around.
I can't help but think that this type of story reminds me a lot of being a parent. You've already lived through a good chunk of life, so you already know where some of the pitfalls are, and so you're trying to help someone who's a lot like you do better this run around.
If you take away someone's work, that messes with their heads. We aren't built for that.
Cesar Milan talks about it a lot on his shows with respect to dogs, and obviously dogs aren't people, but there are a lot of similarities between dogs and people which is why we tend to get along. If you take a dog who's like a hurting dog like a sheepdog, and give them all the food that they'd ever need and never walk them never do anything with them then they start to do things that are harmful. They'll start tearing up the furniture. They'll start digging up the yard. They'll start barking at passers by, because they have a certain amount of energy that their body is set aside to do work during the day so that they can live, and there's a big problem when a dog whose breed had a job to do not only doesn't get to do that job, but doesn't get to do anything else instead. The results in that dog trying to use up that energy doing something else, but without anything to do they end up doing things that are destructive and negative. The answer for dogs is to put them to work. It's to go for walks, it's to play in the yard, it's to go to the park, and if you do that then the dog that was previously a problem animal becomes a perfectly behaved companion.
Of course, dogs are not the only animal that we've seen this in, and we have data showing that this applies to societies as well as individual animals. In the famous Mouse Utopia experiment, mice were given more than enough room to live, more than enough food, and there were no natural predators. Under such circumstances, and the most society grew for a little while, but eventually ended up having a number of pathologies in the society that ultimately led to a colony collapse.
Finally, in my view there are human examples of this as well.
Keep in mind that most of human history has been extremely brutal. Forget about humans and other humans for a minute, humans have always been at odds with nature. In africa, we had to stand up against malaria and other diseases, as well as megafauna that can and will kill us fully dead, and once we left Africa every new environment that we went to had new and different challenges. Until the development of the heavy plow, Western Europe was very difficult to live in, combining different dangerous animals with an annual freeze that is more than enough to kill human beings who evolved on the Savannah. Scientists are aware of a genetic choke point called mitochondrial eve where the human race came so close to extinction that a single woman is the mother of the entire human race from that point forward. That's how dangerous the world has been for humans.
So with that historical context in mind, I have two different opposite examples: first, the kids of the ultra rich. Many of those kids end up totally fucked up because they know full well they don't need to do anything in their lifetime to survive. Many commit suicide, overdose on drugs, crash their sports cars or planes, or otherwise destroy themselves and waste the legacy their parents left them. Good rich parents force their kids to work (even if it's make work jobs) so they can grow up to pass the legacy on as well. Second, native reserves in canada tend to provide the basics of what people need to live. Someone comes in and builds all the houses, they tend to get vehicles, they get all the food that they're going to need, and it is the worst nightmare hell hole you've ever lived in your life. There's more to it than that, I will grant you, but I think a big part of it is the fact that they don't need to do anything to survive. Some people point out that the areas of these reserves are aren't very nice, but those same bloodlines lived in the same places for 20,000 years before today without the same problems that we see now.
I could go on all day, but I won't. There are just too many examples of taking away a person's need to go out and do something in order to earn their survival leading directly to suicidal behavior. We human beings just aren't wired for it.
Cesar Milan talks about it a lot on his shows with respect to dogs, and obviously dogs aren't people, but there are a lot of similarities between dogs and people which is why we tend to get along. If you take a dog who's like a hurting dog like a sheepdog, and give them all the food that they'd ever need and never walk them never do anything with them then they start to do things that are harmful. They'll start tearing up the furniture. They'll start digging up the yard. They'll start barking at passers by, because they have a certain amount of energy that their body is set aside to do work during the day so that they can live, and there's a big problem when a dog whose breed had a job to do not only doesn't get to do that job, but doesn't get to do anything else instead. The results in that dog trying to use up that energy doing something else, but without anything to do they end up doing things that are destructive and negative. The answer for dogs is to put them to work. It's to go for walks, it's to play in the yard, it's to go to the park, and if you do that then the dog that was previously a problem animal becomes a perfectly behaved companion.
Of course, dogs are not the only animal that we've seen this in, and we have data showing that this applies to societies as well as individual animals. In the famous Mouse Utopia experiment, mice were given more than enough room to live, more than enough food, and there were no natural predators. Under such circumstances, and the most society grew for a little while, but eventually ended up having a number of pathologies in the society that ultimately led to a colony collapse.
Finally, in my view there are human examples of this as well.
Keep in mind that most of human history has been extremely brutal. Forget about humans and other humans for a minute, humans have always been at odds with nature. In africa, we had to stand up against malaria and other diseases, as well as megafauna that can and will kill us fully dead, and once we left Africa every new environment that we went to had new and different challenges. Until the development of the heavy plow, Western Europe was very difficult to live in, combining different dangerous animals with an annual freeze that is more than enough to kill human beings who evolved on the Savannah. Scientists are aware of a genetic choke point called mitochondrial eve where the human race came so close to extinction that a single woman is the mother of the entire human race from that point forward. That's how dangerous the world has been for humans.
So with that historical context in mind, I have two different opposite examples: first, the kids of the ultra rich. Many of those kids end up totally fucked up because they know full well they don't need to do anything in their lifetime to survive. Many commit suicide, overdose on drugs, crash their sports cars or planes, or otherwise destroy themselves and waste the legacy their parents left them. Good rich parents force their kids to work (even if it's make work jobs) so they can grow up to pass the legacy on as well. Second, native reserves in canada tend to provide the basics of what people need to live. Someone comes in and builds all the houses, they tend to get vehicles, they get all the food that they're going to need, and it is the worst nightmare hell hole you've ever lived in your life. There's more to it than that, I will grant you, but I think a big part of it is the fact that they don't need to do anything to survive. Some people point out that the areas of these reserves are aren't very nice, but those same bloodlines lived in the same places for 20,000 years before today without the same problems that we see now.
I could go on all day, but I won't. There are just too many examples of taking away a person's need to go out and do something in order to earn their survival leading directly to suicidal behavior. We human beings just aren't wired for it.
The saddest thing is the number of people who don't realize the good guys lost. They think that the good guys won and are winning.
Which shouldn't be a surprise, we know that the powers that be have an unlimited amount of money to hire room full of people to figure out how to twist that which is good and positive and just into that which is evil and negative and unjust for their own benefit.
Which shouldn't be a surprise, we know that the powers that be have an unlimited amount of money to hire room full of people to figure out how to twist that which is good and positive and just into that which is evil and negative and unjust for their own benefit.
If you want to see Mass suicides, implement universal basic income.
On the other hand, a lot of the people in power want to see Mass suicides. Damn poors and their soaking up resources the 0.1% could be using!!!
On the other hand, a lot of the people in power want to see Mass suicides. Damn poors and their soaking up resources the 0.1% could be using!!!