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deadlyduplicate

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deadlyduplicate ,

I don’t believe that is accurate. Beside moons (which don’t orbit the sun), Pluto is the largest and closest dwarf planet.

deadlyduplicate ,

I’m curious

deadlyduplicate ,

If those are the only options, I am choosing juggalo

deadlyduplicate ,

Chatgpt… please summarize the Gartner hype cycle for a 5 year old

deadlyduplicate ,

That is not true, for the vast majority of the history of money it was based on a commodity that was valuable in its own sense. It is only in the last century that we have begun experimenting with currencies that are not pegged to the value of a commodity.

Cryptocurrencies derived their value from being a network of users (metcalfe’s law) so they are more like a commodity money. Thing about something like Meta, which has a valuation in the trillions despite its physical assets not be worth nearly that and its functionality as a website being easily replicated on an alternative platform. The users are what is valuable.

deadlyduplicate ,

Gold is a commodity and you can create a currency that is backed by a commodity so you aren’t actually trading the commodity itself.

deadlyduplicate ,

When you have commodity money, the value of the money is derived from the value of the commodity. You don’t get to assign arbitrarily higher values to the money because the market determines the value. But yes, all speculative assets typically have a higher extrinsic value compared with their intrinsic value but I don’t believe that has anything to do with it being a medium of exchange or not. That is just supply and demand.

deadlyduplicate ,

It’s called accelerationism and it is stupid

deadlyduplicate ,

Sure, but a lot of people have also ‘heard’ that mbti is not scientifically valid and go around parroting that without any knowledge of what specifically science says about it.

It is entirely possible that outside of a scientific discipline, mbti works well enough for people to use.

Kind of like how we use the term “meme” and understand what it means but the concept of memes are not used in science because other models of cultural evolution have better explanatory power.

Reddit Signs AI Content Licensing Deal Ahead of IPO (www.bloomberg.com)

Reddit Signs AI Content Licensing Deal Ahead of IPO::Reddit Inc. has signed a contract allowing a company to train its artificial intelligence models on the social media platform’s content, according to people familiar with the matter, as it nears the potential launch of its long-awaited initial public offering.

deadlyduplicate ,

Hmmm anyone remember when Andrew Yang was running for president and said that data was the new oil and that people should own the content they put on social media?

deadlyduplicate ,

Yes… some with billions of dollars in a crypto has a billion more reasons to want the network secured.

deadlyduplicate ,

As opposed to a currency issued and secured by a central bank?

deadlyduplicate ,

Its not the same thing, its just incrementally more decentralized than the current system but potentially less so then a proof of work one (and even then only in theory, in practice a lot of POS chains are more decentralized than BTC).

But the most important aspect of crypto is actually not decentralization. Decentralization is necessary but only to a point. What is more important is for the cryptocurrency to be permissionless. In that way, you are correct it is replicating a system we already have… cash. It basically taking the properties of cash and bring that into the digital realm. We lost so much when our money and other assets became digital and that it what crypto is trying to give us back. It crazy to me that people don’t want to see that happen and buy into these superficial critiques, which, even if true are just engineering problems that can be overcome.

But I am no stranger to seeing people completely sleep on radical shifts in technology. Hell the fediverse is just like that too and if you leave it for a moment you will see people trashing it in the same way. So whatever, keep your fiat. I hope the future is one where both systems an co-exist.

deadlyduplicate ,

Sure and people who think you can’t have monetary policy with crypto are too uninformed to be worth discussing the merits of each system.

I’m sure we can all wax lyrical about what we think money is and lord knows whenever cryptocurrency is brought up the armchair currency experts are always there. So thank you for that!

deadlyduplicate ,

Great place, went there last year to get some kratom while on a short trip to Vancouver. We ended up having a shot of LSD and then we decided to walk back downtown through Chinatown, unaware until that point that it was Chinese new year. Best day of the whole trip!

deadlyduplicate ,

What you are saying is inaccurate…

  1. BTC has a performant layer 2 called lightning. And if layer 2s are not your jam, there are plenty of L1s that can handle 1000s of transactions per second
  2. Crypto solves the problem of having a central bank control the money supply. Also having private organizations controlling digital payment rails. Provides options or underbanked people in countries with unstable financial systems. I could go on…
  3. Blockchains do not use an enormous amount of energy. You are thinking of the consensus mechanism used by proof of work cryptocurrencies. There are alternative consensus mechanisms that use much less energy

Also the adoption rates are not a measure of utility. The Linux desktop has been around 30 years and has an adoption rate under 5 percent. Mastodon has not grown as fast as twitter did. Democracy is not used by the majority of governments and where it is, voter turnout is low.

Is it also your opinion that these things are bad products?

Decentralized systems just take longer to mature. It’s crazy to me that fediverse users don’t understand this.

deadlyduplicate ,

And let’s be honest, for mainstream consumers, the Linux desktop and the Fediverse are failures.

My point is that just because something doesn’t achieve widespread adoption immediately does not mean it is a failure. I use both Linux desktop and the Fediverse and the fact that they are not in widespread use doesn’t rob them of virtue for the people that use them. Technology adoption is a complex thing and its incredibly reductionist to just say "crypto has been around for a decade and a half and you still can’t use it for anything therefore its a failure. Our legacy financial system is very entrenched and its not to going to unseated overnight. These things take time.

Ultimately I think it should come down to consumer choice, those that prefer centralized finance should use that and those that are OK with the added overheard of decentralized finance should be able to have that choice. That is why I make the analogy to these other systems. Linux desktop for a long time was harder to use but it was worth it for people whose values aligned with open source software. Crypto has a similar trajectory and faces similar uphill battles including negative attitudes from those using competing systems. But for those who value what it provides, it is worth it.

Remote work is still 'frustrating and disorienting' for bosses, economist says—their No. 1 problem with it (www.cnbc.com)

Remote work is still ‘frustrating and disorienting’ for bosses, economist says—their No. 1 problem with it::Although some bosses have recognized the benefits of workplace flexibility, many are still hesitant to adopt remote work permanently.

deadlyduplicate ,

I recently left a WFH only company. The environment was toxic and there was definitely some insecurity on the part of management regarding worker productivity. There was a much larger emphasis on constantly showing to management what you were working on and proving you were using your work day productively.

It was a culture shift I didn’t adapt well to and left.

deadlyduplicate ,

Yeah he volunteered to to be solider, so what? Being a solider is not the same thing as being a war criminal and the burden of proof still applies. War is messy and it is entirely possible that this division committed atrocities that haven’t been proven but the mere possibility is not sufficient reason to label him a war criminal. You are de-meaning the term by doing so.

Either you have specific evidence to support your charge or realize you are participating in sensationalism.

deadlyduplicate ,

One use for RSS feeds is to distribute podcasts to multiple apps. I believe most podcasts apps are just RSS readers combined with an audio player.

deadlyduplicate ,

The fact the morality was invented makes it synthetic but not necessarily relative. Numbers are also “made up”.

Its possible that moral truths are objective but our interpretation of these objective truths is imperfect and therefore seems relative.

To use another commenters example, the fact that killing is not morally blameworthy in some cases doesn’t mean that an absolute moral truth doesn’t exist but just that our concept of killing is just too broad to express it.

Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless. (markets.businessinsider.com)

Remember when NFTs sold for millions of dollars? 95% of the digital collectibles are now probably worthless.::NFTs had a huge bull run two years ago, with billions of dollars per month in trading volume, but now most have crashed to zero, a study found.

deadlyduplicate ,

Except it’s not ownership, it is digital rights management. Right now DRM is handled by private corporations, not the state, and it generally is anti-consumer. NFTs could be used for DRM in a more pro consumer way.

deadlyduplicate ,

Absolutely, companies are not going to just decide to implement NFTs in a way that gives more control to users unless it means more money for them. Does change the fact that the technology has that potential, even if it remain unutilized.

deadlyduplicate ,

Layer 2 networks like Arbitrum resolve the issue of high transaction fees and still be able to transact in ETH. I get there is hurdles compared with the simplicity of PayPal, but at least some of us prefer decentralized payment options where possible.

deadlyduplicate ,

Why does every criticism of crypto always hinge on attacking the character of the industry is some ad hominem way. Oh the tech is no good because it’s “tech bros” running these companies.

deadlyduplicate ,

Yeah crypto critics often gloss over the fact that the war on drugs is an example of repressive government policy and that darknet markets where a lifeline for folks using drugs. As an example, psychedelic have genuine therapeutic uses and on the street level, many “research chemicals” with horrible safety profiles are sold as things like LSD or MDMA.

With a darknet market you get access to a community that can help vet sellers through forums, comments and rating that help keep users safe.

Moreover what this shows is crypto can help organizations or people under repressive governments. Another example was a group in Nigeria who was protesting against the police group SARS. The Nigerian government froze their bank accounts but the group was still able to fundraise using BTC.

deadlyduplicate ,

Genetic diversity protects a species against epidemic disease

Is the blockchain an interesting innovation, aside from cryptocurrencies ?

For a long time, I thought of the blockchain as almost synonymous with cryptocurrencies, so as I saw stuff like “Odyssey” and “lbry” appearing and being “based on the blockchain”, my first thought was that it was another crypto scam. Then, I just got reminded of it and started looking more into it, and it just seemed...

deadlyduplicate , (edited )

Asset Tokenization and Smart Contracts are two things that will be increasingly used in Finance. That is why the recent BIS report on CBDCs included both of those as essential features of a Central Bank Digital Currency.

What Blockchain does is provide these features of a digital currency in a way that doesn’t require a trusted intermediary. This makes Blockchains resistant to censorship in a way that a central bank digital currency can never truly guarantee. It is true that a centralization system like a database or ledger can be faster, more efficient and more secure but that you will always have to trust that provider of that service that they will continue operating in a manner that is congruent with what a user may want.

A recent example of this would be the news that Ubisoft is deleting inactive accounts on Uplay, which is potentially resulting in many users losing access to games they bought on that platform. Were the rights to those game tokenized on a Blockchain or CBDC, the users could potentially redeem that on another platform. Another example would be the case of the user losing his 900 hour character in Red Dead Redemption after Google shutdown stadia. Had that player’s character been tokenized as an NFT he might have the capacity to move it off of stadia and onto another game platform.

Get a little nervous about your Steam Game collection worth 1000s of dollars that is completely locked into Valve’s ecosystem? How about a decentralised, immutable and censorship-resistant record of your ownership of those games? That is what asset tokenization is about and it will become more important in the future as our lives and our assets become more digital.

Then there are multitude of uses for smart contracts which, again, don’t require a blockchain provided you are ok with relying on a trusted intermediary to execute the contract as it was termed. Given that contracts by their nature often involve agreement between organisations or individuals with diverging interests, it almost a certainty that having an immutable, censorship resistant network to run those smart contracts is desirable.

deadlyduplicate OP ,

Yeah I just did a search and looks like OStatus predates my comment. Plus it was more wishful thinking than an attempt to predict the future.

deadlyduplicate OP ,

In that vain I would advocate for meshnets over ISPs.

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