For new plebs over there: https://darth-coin.github.io/general/users-questions-bitcoin-en.html
https://jamesbachini.com/cap-theorem-blockchain-trilemma/ This is poetry
Lovely changes, woot! Looking forward to when the app will be accepting sharing links/resources from Android directly, too (share 'sink')
BTC price against weak money chart resembles a shocker (hand). Just saying.
check spelling of the name in this doc
also to be able to reach de @-ed people on latest with replies feeds. clicks there do nothing
being able to "unlike" posts, have that also broadcast to relays
If you're not using https://github.com/mikedilger/gossip you're missing on an absurd amount of speed and smoothness a web app cannot ever deliver.
I really tried to like it. Can't.
"Fiat’s consumptive and destructive impetus is also reflected in natural capital and the environment. As the possibility of providing for the future becomes less certain due to money’s inability to maintain its value, economic actors discount more heavily the future services provided by soil, rivers, forests, beaches, and water aquifers, which makes depleting these resources a more rational strategy."
One more:
"In each of these hyperinflationary scenarios, as the value of money was destroyed, along with it went any concern for the future. Attention turns instead to the short-term quest for survival. Saving becomes unthinkable, and people seek to spend whatever money they have as soon as they secure it. People begin to discount all things which have value for the long run, and capital is used for immediate consumption. In hyperinflationary economies, fruit-bearing trees are chopped down for firewood in winter, businesses are liquidated to finance expenditure, and the proverbial seed corn is eaten. Human and physical capital leave the country to go where savers can afford to maintain and operate them productively. With the future so heavily discounted, there is less incentive to be civil, prudent, or law-abiding, and more incentive to be reckless, criminal, or dangerous. Crime and violence become exceedingly common as everyone feels robbed and seeks to take it out on whoever has anything. Families break down under financial strain. While more extreme in the cases of hyperinflation, these trends are nonetheless ever-present, in milder forms, under the yoke of the slow fiat inflationary bleed."
Another great quote from "The Fiat Standard: The Debt Slavery Alternative to Human Civilization" by Saifedean Ammous -
"The problem with this logic is the same as with all inflationist arguments: money and credit, by themselves, are not productive assets. They merely represent receipts that allow their holders to purchase productive assets. An increase in the supply of money or credit will no more increase the stock of productive assets in an economy than an increase in printed football stadium tickets will increase the capacity of the stadium itself. The ticket is merely a proxy for a seat in the stadium"
"This outlook that hard money encouraged existed in most of the world until the 1980s and 1990s, by which point fiat money, and the central-bank-led glut of fiat mining, had made debt inevitable and
savings pointless for most people. Rather than save for major expenses, people now get into debt to pay for them, accruing a larger negative balance of fiat. People are born to families in debt and spend their entire lives in debt. Success consists of being able to secure ever-growing quantities of debt as you pass through the stages of life: a big college loan that allows you to get into the best paying job, whose salary will allow you a larger loan for a large house and another loan for a car. With more hard work at the
company and dedication to its cause, you may succeed in getting an even larger negative balance of fiat for a bigger home and fancier car. Should you succeed even more and start your own business, you do not do it with your own accumulated capital, but rather with a bigger loan. The larger and the more successful the business, the more you are able to borrow. In sum, success in fiat means accumulating larger negative cash balances, and people live their entire lives stacking debt obligations upon themselves." Such a great quote from Saifedean Ammous