Out of the box I found the thumbprint almost unusable... I'm tapping 3-8 times and sometimes I just have to enter the password... I wouldn't even bother trying if it weren't that my password is so long that trying 2-3x before succeeding is better than punching it in.
Not sure if Pixel or GOS issue... Facial unlock on my iphone XR is magically instant. Amazing UX
Yes I use it with Alipay here in China with NFC... With Pixel 8a... With GOS
What a dumb question
Everyone knows the way to get privacy is to not use a phone...
Don't you use grapheneOS? Why do I need to break this down for you. You're wasting my time
_Good Morning_ ☕ 📖 🌞
`Credit Expansion Fallacy`
- **Credit Expansion Fallacy**: Credit expansion occurs when credit is multiplied against money through lending, giving the appearance of inflation. It's often mistakenly attributed to banking, with a theory suggesting Bitcoin could eliminate this effect.
- **Savings**: Encompasses hoarding (consumption via depreciation) and investing (lending for production), with no economic distinction between debt and equity.
- **Hoarding vs. Investment**: Hoarded money is fully controlled by its owner, while lent money isn't, despite being considered savings. Both lenders and borrowers need liquidity, leading to a cycle of lending until all capital is hoarded.
- **Reserves**: The term "reserve" in this context refers to the owner's hoard, not to be confused with reserve currency. Fractional reserve banking refers to the ratio of a bank’s hoard to its issued credit.
- **U.S. Dollar Circulation**: M0 includes tangible and intangible currency, with M3 being M0 plus all bank account money, showing significant credit expansion.
- **Credit Expansion Ratios**: The total ratio of money to credit in the U.S. is ~3.46%, with bank credit expansion at 9.0x money, and other financial instruments at 48.0x money.
- **Eliminating Credit Expansion**: Would require eliminating credit, halting production. The theory that Bitcoin can eliminate credit expansion is invalid as Bitcoin can also be lent.
- **Risk of Credit**: All credit carries default risk. The idea of bank credit being risk-free stems from state intervention, not banking itself.
- **Money Market Fund (MMF) vs. Money Market Account (MMA)**: MMFs adjust unit prices to reflect investment losses, while MMAs absorb losses with reserves, potentially leading to bank runs if reserves are insufficient.
- **Fungibility and Risk**: Bank credit isn't truly fungible due to settlement risks. Credit expansion and money substitutes will persist under free banking based on people's preferences.
- **Time Preference**: Determines whether individuals hoard or invest, influencing the economic interest rate and credit availability. Infinite time preference would end all production.
- **Lending in Bitcoin**: Bitcoin lending doesn't limit credit expansion; lending rates are determined by time preference, not the nature of the currency.
- **Consequences of Eliminating Credit Expansion**: Equivalent to infinite time preference, leading to no capital for production or products for consumption. Legal restrictions on credit lead to alternative investment forms or cessation of production.
**Cryptoeconomics by [Erik Voskuil](https://github.com/evoskuil).**
*The book can be found on [GitHub](https://github.com/libbitcoin/libbitcoin-system/wiki/Cryptoeconomics).*
The rest of the summarized chapters are at https://expatriotic.me
When legislation was introduced for school to become mandatory in Massachusetts, only two percentage of the population agreed with the decision...
Now you're a criminal if your child isn't "educated" in a school...
More like brainwashing factories...
Yes but ser public schools are free
Lol... Sure okay. I don't live in the US so I don't have access to apple pay or Google pay... Why would you being able to tap to pay be a deal breaker when it comes to privacy and hardware...
Also android is OS for what it's worth...
Also, yes the facial recognition is a million times better than the jenky ass fingerprint scanner on my Pixel... Not sure if that's just grapheneOS or the hardware.
Sounds like Trump's post about reciprocating tariffs
Sounds right. But also, fuck Apple and their walled garden... I was using the watch, iphone and Mac. Still use the watch in airplane mode and the Mac.
Was using iphone and pixel. But now it's just the pixel...
Can we all recognize that all the nostr posts saying Bitcoin has the same or better privacy as monero have been a waste of time?
If I can't spend (self-custodially) large amounts, the stop with the false comparison...
If using onchain to pay, then wouldn't one derive greater spending privacy from using #monero?
I thought the whole argument was, monero is unnecessary "because LN exists and is private and awesome". Then you simultaneously say, "breh but not for $600 worth that's too much."
What the actual fuck... Can we be rational for like one second here?
But they're not built to be repairable... And the battery life degrades quickly... My wife's iphone 12 mini battery is shite compared to my grapheneOS Pixel 8a
For you GrapheneOS nerds nostr:npub1w4l9wx8rv529jk0tc3fz0mu2vqc4m7pkjhvv4cvscpl83pmeudnsggrxhw is open source and has an F-Droid version. This app hasn't been updated in almost a year because it's being overhauled but it's my daily driver for podcast listening and it's been solid.
All I use. Not as slick as Apple Podcast but it's been improving over the last year.
The current state of #Bitcoin is they migrated to using Google...
You can't make this shit up
Because this is the state of #Bitcoin
#FAFO
But just had a cold bottled corona from a fridge in Nanjing for 9 RMB... So not all is lost
So tired of the audible hawking of loogies and splattered pavement