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frphank
47be0b2a89faaa66bc57f5c679203486da45660295cb3db3c2f38f4be8d8816e
Autopoietic. Scratching things from chaos. Homesteading the noösphere. Opportunity farmer: Reading things that are not yet on the page. Haskell. Dollars only, thanks.

Using Plebstr ...

Also I'm here to lampoon you, not improve things.

inundated ...

Dang you're not on his list.

What's with the technical things you keep bothering us with. Why don't you go count your Bitcoin or something.

Ba-dumm tish. 🥁

Prohibiting cash is the state shooting itself in the foot. Because issuing bank notes and enforcing counterfeiting is the unique ability of the state. It's their turf.

The digital realm is our turf. While the state is still struggling to find the effing "on" switch on their computers, we here can create and transport our own digital fiat as we like.

This whole egalitarian thing where everyone decides for themselves is a lot of work.

Much easier to have a social and economic hierarchy where Important People are at the top and their decisions as to what's worth reading and what not percolates down.

Yes absolutely, central banks need to measure the size of the economy and adjust the amount of money in circulation accordingly.

They do a so-so job, as we can see now they exceed their inflation targets, not good, I have some ideas there how to improve this and it only works for an economy of skilled people.

But at least they have some mechanisms for adjusting the amount of money in circulation, mostly through adjusting the interest rate on money lent into existence.

And, mind you, the economy constantly changes, it shrinks and grows, so the money has to be constantly adjusted. In the past the economy has mostly been growing so the question is just by how much, but sometimes there are recessions or at least the threat of a recession as during COVID.

With Bitcoin there is no mechanism to adjust the amount in circulation. The amount will be constantly out of balance with the size of the Bitcoin economy, if there was ever to be one.

Of course Bitcoin is so bad at stability that any attempt by even just one or a few businesses to trade in Bitcoin will immediately fail and the businesses will revert to fiat or die.

It's kind of like the Ebola virus which kills its victims so hard and fast that they barely have any chance to spread it so any Ebola outbreak naturally comes to a quick end.

You don't really speak Japanese do you

Relying on the centralized package manager's idea of what the authoritative state is is a serious bottleneck.

This is why lock files are being used for each project to define its own state.

This is @simplex lock file: https://github.com/simplex-chat/simplex-chat/blob/stable/flake.lock

Each time it says "github" that's a centralized bottleneck that must go away.