Thanks for sharing cool things on Lemmy

Yeah there are lots of bad actors in the crypto sector, similar patterns existed in the US when towns and companies were issuing their own currencies

And yeah the US and many developing nations have old infrastructure, the EU and China have the pinnacles of fiat payment systems, but the roll out for upgrades are low and expensive

I couldn’t agree more, it’s a human issue. I think a finite transparent currency would be useful since it would squash the worst actors (fraud, embezzlement and hidden budgets, in the private and public sectors), but that’s just my guess

I think more importantly is community and having conversations like these because nothing is a “silver bullet” and we should better as a species. Thanks for chatting, you seem cool

It doesn’t matter what I believe, I was referencing an economic textbook on what an asset and currency are

What do you believe it to be?

I think an asset is anything that can be converted to liquid, so that depends if you think crypto is liquid or not, which probably depends on location

Well, most of our current economic payment system is smoke and mirrors for the majority of the world. In the US, bank transfers can take up to weeks to process, and the only reason why it looks fast to end users is it’s insured so they just change the digits on the screen

I’m not necessarily sold on crypto, I am just over the fiat system. Living through multiple economic collapses, seeing prices rise and only held low due to government supplements and corrupt lobbying, and the general way fiat leads to over consumption will do that

Give me something better and I’ll take it. I know it’s slower than cash, clunky and uses as much resources as google, but right now those aren’t draw backs to me in this current environment where we need debt to sustain day to day existence

If my local grocery story would accept it, I would. It’s a compatibility issue, which all technology is tested this way. Having 5G towers in the 1900s would have been a bummer, but today, somewhat standard. Crypto will need to pass this test if it’ll survive

Most assets work that way, if everyone sold Nividia stock then it would tank as well. Most things outside of food and shelter only have value due to our collective belief. Diamond and water paradox is constant in society

I think the creators had some knowledge of how currency worked, since there has been movements to make digital money in the cryptopunk scene for 20+ years before BTC. Also, you don’t need a degree to be an economist, a library card works just as good

Having a fixed supply might reduce astronomical debts but still allow for smaller debts or ones that are collateralized. But yeah, day to day life would be drastically different. No credit cards for sure, but also no compound interest, because can’t have compounding interest on anything with a fixed supply or it will acquire all of the resource (or at least attempt to)

I guess some people have that stance, but it’s a currency. It’s supposed to be boring and not thought about much. It’s not like most people care about antique and rare coin collections, but some people do, most people just spend and save their money

No, it’s like any other currency minus it has a fixed supply. So use it, since inflation is eating away any currency with a limitless supply

That would be ideal

Does the cash mean anything if the environment is poisoned?

Yay, higher prices to offset the theft and increased surveillance!

BTC is steady last few months at 60k, if you purchased last year, your investment is up 3x. If you bought 2 years ago at the peak, you’re up a few %, which still beats international inflation

Traceability might be nice since the black market is estimated around 20T USD. Cuts out bad actors which means no fraud, and no hidden inflation since we can see the quantity compared to USD which the Federal Reserve doesn’t even know

I think the idea of cryptocurrency is funny, since it’s just “I’m not playing your make believe money anymore, so we’ll pay our own make believe money since you are obviously rigging the system”. Kinda makes sense if adoption keeps up and the planet isn’t on fire

Totally. Get a PSU? Or use solar with a PSU. Or batteries. Always a mitigation for the mitigation lol

I’m not familiar with Wyze but Ring and Nest doorbells go for $50-$200 per camera plus a month subscription if they want to keep the data, so still cheaper

And they do have magnets to allow for non drilling options if that’s a requirement. I should also stipulate if the person installing it has the physical ability, the setting up the computer side is easy enough for a novice and simpler than installing Windows/MacOSX

My argument is not go the easy, convenient route. Fast food is nice in a pinch, but eating it every day leads to bad outcomes. And I’m not saying the consumer is 100% to blame, but they aren’t innocent bystanders, especially if they are spending money to protect valuables, why not learn which tools are available and when to use what

The landlord might have an incentive to protect their investment

It’s one of the easier things to DIY though, much easier than setting up a printer or installing a TV. Also, it’s about the same price if not cheaper, I got 1tb harddrive, 4 cameras, cables and and OS for under $200

I’m just tired of these excuses on why we give away our data and then are surprised when their security is trash