SwingingKoala

SwingingKoala , 3 months ago

I’m simply always away. It’s less misleading than being randomly away because I do actual work and am not glued to the computer.

SwingingKoala , 3 months ago

State forces people to invest their money if they don’t want it to be inflated into nothing, people choose housing in the hope to save wealth for the future. State destroys the value of the savers by devaluing housing. A fine example of the failure of central planning.

SwingingKoala , 3 months ago

That’s what I do, I only buy bitcoin.

SwingingKoala , 3 months ago

Housing is not suppose to be an investment.

That’s supports what I said.

That fact that it is the most profitable investment is a failure of the legislature.

That’s what I said (not the most profitable though, just profitable).

SwingingKoala , 3 months ago

The future is decentralized, not federated. That’s why I’m on nostr, even if it doesn’t deliver yet.

SwingingKoala , 3 months ago

Somebody takes out the lemmy.world server and your identity is gone. So decentralized, lol.

SwingingKoala , 3 months ago

Maybe I just don’t get banned enough

You may also interact with countless bots without ever knowing, because creating fake identities is free.

I really don’t care about loosing my identity

Fair, some people value their identity.

how decentralized is it when your identity is “centralized” in your key pair?

For average people nothing changes, the app can hold their key for them and even offer email recovery.

On top of that so many people regularly change their display names on social media for vanity and expression purposes that I can’t reliably use them anyways for recognizing accounts.

That’s something having signatures and a web of trust solves.

Besides, you fail to see another problem: Whichever centralized, federated site you use can manipulate anything you read and publish.

Anyway, if you don’t see a need for tools like nostr you don’t need them.

SwingingKoala , 3 months ago

but I’ve also been suspicious of the reported inflation numbers

Check the purchasing power of your money against hard assets like gold, stocks, land, housing, etc. “Inflation” numbers we get are CPI numbers, and those are intentionally doctored to show lower “inflation” values. For starters, they assume “stable” prices that don’t change are normal. That is a lie as prices should be going down all the time due to improved production processes. Once you realize inflation is underreported and that wages don’t even keep up with that…

SwingingKoala , 4 months ago

We also know building nuclear takes 20 years and costs more than building thrice the capacity in renewables

Nonsense, nanonuclearenergy.com, www.nuscalepower.com, smart-nuclear.com, etc.

SwingingKoala , 4 months ago

It’s not surprising tbh. Most millionaires like Linus or tech people in general have so much money that the problems of the financial system don’t impact their lives.

Torvalds also dismissed the idea of technological singularity as a bedtime story for children, saying continuous exponential growth does not make sense.

Continuous exponential growth is actually something our financial system was DESIGNED FOR. It it makes no sense our inflationary money makes no sense.

SwingingKoala , 4 months ago

Like I said, privileged people who don’t think that bitcoin is useful.

SwingingKoala , 4 months ago

Crypto is literally just machines wasting energy on purpose to create false scarcity

A monetary system that is designed to lead to eternal, cancerous growth through intentionally inflating the money supply is far worse.

SwingingKoala , 4 months ago

I’d love to see any evidence or logical arguments that an inflationary economy is worse than a deflationary one.

Don’t you understand that artificially induced unlimited growth is bad? It’s not about inflation or deflation, but the outcome.

www.ecb.europa.eu/mopo/strategy/…/index.en.html

The main task of the ECB is to maintain price stability. The ECB’s Governing Council considers that price stability is best maintained by aiming for 2% over the medium term. Price stability creates conditions for more stable economic growth

SwingingKoala , 4 months ago

deflationary economies are terrible for everyone

That’s a myth spread by modern monetary theorists because they only understand the economy from an inflationary perspective. Economies worked fine for millennia without inflationary money.

SwingingKoala , 4 months ago

worked fine for millennia without inflationary money

That means until the early 1900s or 1970s when inflation went into overdrive.

our current population boom

Huh what?

https://discuss.tchncs.de/pictrs/image/e18e710a-c728-46ce-b341-d3d049072e14.png

SwingingKoala , 4 months ago

I’d try meditation…

SwingingKoala , 4 months ago

Same here, have been trying wayland for more than a decade…

SwingingKoala , 4 months ago

I understand why it happens

Why does it?

I never understood why inflation was a good thing

It isn’t, that’s a narrative told by politicians, and economists who are primarily paid by the government.

SwingingKoala , 4 months ago

to prevent all money from ending up in a single party’s hands.

Inflation encourages and amplifies wealth accumulation.

SwingingKoala , 4 months ago

It basically happens when people buy money

So you already don’t follow the mainstream economic narrative that consumer prices track inflation, good for you!

SwingingKoala , 4 months ago

I think it’s pretty simple to see inflation only hurts the have-nots

It hurts have-nots, but also medium to high earners who are forced to spend time to learn and to invest their money if they don’t want to lose wealth. That destroys their productivity or their free time which hurts society as a whole.

SwingingKoala , 4 months ago

Which is a perfectly normal thing to feel

Dude, irrational fears are something to get therapy for.

SwingingKoala , 5 months ago

Hm, I never really thought about it… but my dentist and family doctor are both women. I selected them both because they had nice websites that looked like they cared about (getting) patients.

SwingingKoala , 5 months ago

I don’t want to own, I’m happy to rent. Landlords provide a service I want, just like my butcher, my dentist, my hairdresser, etc.

SwingingKoala , 5 months ago

Owning isn’t providing a service

Yeah, you would be a crappy landlord, and if you wouldn’t provide any service to me I would have somebody else do it and would sue you to get my expenses back.

SwingingKoala , 5 months ago

unlike landlords butchers do provide a service

I guess you live in a ruin if your landlord provides no services. Must be some shithole country, that would be illegal here.

SwingingKoala , 5 months ago

You seem to be confusing maintenance, utilitiy management, and other actual services

I guess in your fantasy world all of those jobs happen because the service providers are benevolent clairvoyants and don’t need to be vetted, managed, or need oversight.

SwingingKoala , 5 months ago

Hurr durr, so in your fantasy world everybody lives in a coop, and people like me who don’t want to are forced into it. No, thanks, I don’t want that totalitarian shit.

SwingingKoala , 5 months ago

That’s a lot of mental gymanstics to justify forcing me into a lifestyle I don’t want.

You have a clearly better system available, both in terms of your freedom and your wallet

That’s my decision, not yours.

SwingingKoala , 5 months ago

You pay $1000 a month. Of that, $800 goes towards mortgage, far less because it is no longer a speculative investment.

It is bizarre that you think that housing is used as a “speculative” investment. Housing and stocks were monetized because our money is centrally planned and devalues through excessive money creation, and people simply need a place where they can store wealth without having it destroyed. If people could use money to store their wealth housing would be demonetized and prices would go down, then your coop model could naturally outcompete renting if it truly is superior. Fix the money, fix the world.

SwingingKoala , 5 months ago

This is a load of nonsense. People already use money to store their wealth.

I guess you never heard about inflation, must be nice to be that privileged.

SwingingKoala , 5 months ago

If you believe that a savings account outpace inflation I don’t know how to help you. You’ve obviously never been poor, or very rich, if you swallow the official CPI numbers.

SwingingKoala , 5 months ago

The solution is to put an end to the current economic system. It’s not serving me or you. It’s just stealing from us:

You almost get it, the system is stealing from you, but through monetary debasement. Corporate greed is actually mostly a side effect of monetary debasement, because people are forced to invest into companies to preserve their wealth, and the companies need to increase profits excessively to keep up with inflation, pay out dividends, and raise their stock price.

SwingingKoala , 5 months ago

Cool! You may want to look more into the consequences of monetary debasement though.

SwingingKoala , 5 months ago

And why does monetary debasement happen? you use it like it’s just something some evil person did to harm you. when in reality it’s a necessity to counteract wealth hoarding.

Ah, another rich, privileged asshole. Inflation hits poor people the hardest, they have nothing to invest, they have no surplus money to absorb increased cost, they have no bargaining power with their employer.

SwingingKoala , 5 months ago

now that is entirely your fault for not being part of a union

Of course a privileged asshole blames the victims. Just stop being poor!

SwingingKoala , 5 months ago

Ah yes, in your fantasy unions exist everywhere. You obviously don’t know reality because you’re fucking privileged.

SwingingKoala , 5 months ago

Like I said, victim blaming. Fuck you.

SwingingKoala , 5 months ago

It’s actually a centrally planned economy.

SwingingKoala , 5 months ago

Greed is now baked into capitalism

When was it not?

SwingingKoala , 5 months ago

Lol, China is a threat? You dumb fuck, if politicians destroy your local supply chains they are the threat.

SwingingKoala , 5 months ago

China did exactly what the western politicians wanted, companies have outsourced production there to make more profits and politicians and investors got rich. Still hasn’t changed, politicians want to get rich and reelected, not govern well.

SwingingKoala , 5 months ago

You want your money to fund wars, bloated government agencies and such?

SwingingKoala , 5 months ago

Because inflation is worse than taxation. It hits poor people harder than rich people who have their wealth in non-monetary assets.

SwingingKoala , 5 months ago

Planned economy like in the Soviet Union.

SwingingKoala , 5 months ago

I would love to see people and lawmakers really crack down on AI replacing jobs

Why stop there, let’s crack down on electricity replacing jobs!

SwingingKoala , 5 months ago

Capitalism means free markets. Your money is centrally planned, like in the Soviet Union, that’s the opposite of a free market.

SwingingKoala , 5 months ago

Indeed. State-run centrally planned money isn’t private.