Yeah, there are multiple studies showing this. People who have mental illness are usually the victims of violence, not perpetrators
https://www.ncbi.nlm.nih.gov/books/NBK537064/
Oh also, if you have a mental illness you have a 1600% higher chance of being murdered by police for no reason
Good luck!
Yeah there are lots of bad actors in the crypto sector, similar patterns existed in the US when towns and companies were issuing their own currencies
And yeah the US and many developing nations have old infrastructure, the EU and China have the pinnacles of fiat payment systems, but the roll out for upgrades are low and expensive
I couldn’t agree more, it’s a human issue. I think a finite transparent currency would be useful since it would squash the worst actors (fraud, embezzlement and hidden budgets, in the private and public sectors), but that’s just my guess
I think more importantly is community and having conversations like these because nothing is a “silver bullet” and we should better as a species. Thanks for chatting, you seem cool
It doesn’t matter what I believe, I was referencing an economic textbook on what an asset and currency are
What do you believe it to be?
I think an asset is anything that can be converted to liquid, so that depends if you think crypto is liquid or not, which probably depends on location
Well, most of our current economic payment system is smoke and mirrors for the majority of the world. In the US, bank transfers can take up to weeks to process, and the only reason why it looks fast to end users is it’s insured so they just change the digits on the screen
I’m not necessarily sold on crypto, I am just over the fiat system. Living through multiple economic collapses, seeing prices rise and only held low due to government supplements and corrupt lobbying, and the general way fiat leads to over consumption will do that
Give me something better and I’ll take it. I know it’s slower than cash, clunky and uses as much resources as google, but right now those aren’t draw backs to me in this current environment where we need debt to sustain day to day existence
If my local grocery story would accept it, I would. It’s a compatibility issue, which all technology is tested this way. Having 5G towers in the 1900s would have been a bummer, but today, somewhat standard. Crypto will need to pass this test if it’ll survive
Most assets work that way, if everyone sold Nividia stock then it would tank as well. Most things outside of food and shelter only have value due to our collective belief. Diamond and water paradox is constant in society
I think the creators had some knowledge of how currency worked, since there has been movements to make digital money in the cryptopunk scene for 20+ years before BTC. Also, you don’t need a degree to be an economist, a library card works just as good
Having a fixed supply might reduce astronomical debts but still allow for smaller debts or ones that are collateralized. But yeah, day to day life would be drastically different. No credit cards for sure, but also no compound interest, because can’t have compounding interest on anything with a fixed supply or it will acquire all of the resource (or at least attempt to)
I guess some people have that stance, but it’s a currency. It’s supposed to be boring and not thought about much. It’s not like most people care about antique and rare coin collections, but some people do, most people just spend and save their money
No, it’s like any other currency minus it has a fixed supply. So use it, since inflation is eating away any currency with a limitless supply
That would be ideal
Does the cash mean anything if the environment is poisoned?
Yay, higher prices to offset the theft and increased surveillance!
BTC is steady last few months at 60k, if you purchased last year, your investment is up 3x. If you bought 2 years ago at the peak, you’re up a few %, which still beats international inflation
Traceability might be nice since the black market is estimated around 20T USD. Cuts out bad actors which means no fraud, and no hidden inflation since we can see the quantity compared to USD which the Federal Reserve doesn’t even know
I think the idea of cryptocurrency is funny, since it’s just “I’m not playing your make believe money anymore, so we’ll pay our own make believe money since you are obviously rigging the system”. Kinda makes sense if adoption keeps up and the planet isn’t on fire
Most hotels are terrible and even block any DNS configurations that aren’t controlled by them. If you do figure out a way, can you update your original post?