Now you’re completely entitled to join the Minecraft piracy world

Alright, let’s settle on that.

That’s a job of central banks, and they normally manage it well enough. Sure, crypto offers more reliability on that front by making it impossible to control emission. But at the same time, this means money can’t be printed when it would be highly beneficial for the economy, for example when recovering from economic crisis - without extra emission the country will be screwed up real bad. At the end of the day, the fiat emission is agile for good reasons.

I’ve kinda answered it already - because most governments will keep it alive by never ever going crypto. After all, this will probably be in the best interest of the general public as well, and it doesn’t appear that concepts of going full crypto are popular among masses.

People had 15 years to “wake up” now, yet they didn’t. Partly due to volatility which makes planning near economic future impossible, partly due to scare, but most importantly because they still get their wages in fiat, pay for products in fiat etc., and generally have little left to invest.

The state doesn’t have incentive to change the regulations that favor crypto because crypto is generally worse as actual money as opposed to store of value for the reasons described above.

Crypto bros will shill “crypto everywhere soon” narrative every time they can, and I’ve seen it since at least Mt. Gox era. But until the regulations will be there (and they won’t), nothing is gonna happen.

Solana currently has 1777 validators - which doesn’t look like much compared to Bitcoin, but is actually way more than enough for any practical intents and purposes.

Uhm…people would use traditional finances? Banking system ain’t going nowhere, and CBDCs make their turn - as dystopian as they are, it’s super easy to force them upon people.

What would be wishful thinking is assuming most countries will happily adopt crypto. And besides - that’s even more of a dystopian scenario.

Crypto capitalism is super bad idea exactly because it’s uncontrollable, i.e. all the bad stuff of capitalist economy, uncaged.

It encourages money hoarding, which cripples the capitalist economy, it does not allow to control emission, which is actually bad because it’s essential to driving economy out of crises, it does not allow to block criminals’ access to money and transactions, it severely complicates taxation and other important economic actions.

Crypto capitalism has the potential to exacerbate inequality, and cause a giant slew of problems sending modern economy into chaos. But yes, your 500 ADA salary will be truly yours.

I’m pro-crypto, by the way. While posing new risks, crypto can be super helpful as means of unsanctioned money transfer, breaching artificial limitations, keeping governments in check by always being able to support protesters, etc. But making it the world go-to currency is a bad idea.

While Lightning doesn’t need you to open a channel for every new recipient and has smart routing through other participants, I still think it’s an inconvenient solution we don’t have to take.

We have Solana, a 300.000+ TPS Layer-1. We have much smarter Ethereum Layer-2’s that don’t require this bullshit. We have many ways to tackle this problem, it’s the hyperfocus on Bitcoin that, in my opinion, makes people go for Lightning network anyway.

Transactions per second

Mining is barely transactional in nature. Pretty much all of it is calculating hashes, which, on one hand, is super important as part of Proof-of-Work consensus, the most decentralized one we have, but on the other we have other reasonably secure options that waste two orders of magnitude less power.

Firefox user since ever. Never looked anywhere.

I also assume that if we get some exotic state of matter through this process and learn to extract energy at least 100x more effectively, this could become practucal for some applications

Is it practical beyond confirming Einstein’s equation works both ways, with all of the theoretical implications?

Considering you need a ton of energy to produce even a milligram of matter (8,99*10^10 J, or 24,7 MWh, assuming 100% conversion).

There is a demand, and there is a supply. Decentralization trends lead more and more people to self-host, and you can’t get around it any other way.

But also self-hosted (the central server, i.e. “lighthouse”) and open-source

They know full well we hate them, that wouldn’t help, and would vent the anger we need to make an actual sensible change.

I get you

Drives me even more insane when they actively complain about losing access to something, or not having it available offline, and do nothing about it

Like, here’s the super simple solution, just take it!

But they won’t sacrifice a tiny bit of their habit to break free. They’ll keep on whining about the world and not doing anything, even when they are directed to it with the most simple, grandma-style guidance.

This.

Also, we all here are aware of the problem, to the point where such posts are nothing but circlejerk.

The article might come as eye-opener to some, but certainly not here. Time for solutions. And they are political.

Why would I want to post anything on Gab, a far-right platform?

I hoped we’ll keep on with sensible conversation.

Substack, on its part, is used by various authors and is absolutely not limited to Nazis.