Viewing profile — ballofrubber

This mixes up real depreciation with monetary debasement. Lettuce rotting is not an argument for money rotting. Perishable goods decay, machines depreciate, buildings need maintena…

PoW makes green energy investments possible. Today. https://figshare.com/articles/journal_contribution/_b_Green_...

I don't know if this is comparable. Even if UN would finally vote to deem the invasion illegal (note: it apparently is not by the democratic votes of the UN), it probably wouldn't …

Good point. I think the subtle difference is that the traditional political democracy coerces the minority to use the system how they like it (ofc. not everywhere, maybe more on th…

Well there are no votes, so you can't force anyone to run anything. You run what you like and hope others do as well. As I said miners follow users, not companies.

It might not be "democratic", to me personally it seems fair as you are not forced to run the rules that are imposed by others. It might not be the wise decision, but the market wi…

Additionaly it's also different as in "the majority does not change my rules", they can be wrong in the long run and my rules become majority again.

Arguably a lot of discussion is open to anyone (Bitcoin mailing list, Core github repo), where anyone is free to post their opinion on topics themselves. It is not democratic as in…

Reducing headcount _should_ be normalised. Here in Germany companies are almost forced to not lay off people. IMO this creates bad dynamics and makes people dependant on companies.…

The second point is objectively wrong. PoW needs participants to spend capital in order to keep the organization running, thus not the rich get richer, but the more efficient get r…

PoW is a lot different, as burning real world resources (energy) brings sell-pressure to miners, whereas PoS only has cost of locking the funds. This means that regardless of the s…

I'm astonished that you have such a strong opinion, while not even trying to understand how pricing works. Good thing you're not gambling on that! Media hype typically drives deman…

Unfortunately my salary is fixed today as well and not only does it shrink as a portion of global productivity, but also as a portion of the monetary supply.

And that is financial manipulation how? The supply got less, while the demand didn't decrease. The intrinsic value increased because of the network and lindy effect, which is why i…

Tbh. my very basic knowledge comes from strongly opinionated austrian economics literature, which tends to confirm my bias, and from [0], which at least gives me some data points t…

> No authoritarian would EVER cut off or filter the internet in their country. Nope, has never happened, will never happen. You're right, Myanmar just did that! Scary to think of i…

That's great for you, honestly! Rich get richer today by being closer to the money source. In the "bitcoin standard" non-rich people can even keep their money in the bank and don't…

I think that the chairmen of the fed and ecb arguing about bitcoin is a strong signal of a challenge. As I and the video mentioned Euro and USD is not easily accessible in those co…

Salaries are negotiable and the renegotiation lever is skewed towards the employee. e.g. "i accept the pay cut of 3%, but will need 2 days of vaction more" vs "please employer pay …

In a non-inflationary monetary system cost of goods decreases every year, thats how productivity growth works. You seem to have it backwards, this is where the Econo101 book from t…

> Like I said, most of the rest is just a rehash of gold standard stuff. Exactly, however bitcoin is infinitely better money than gold and makes the "gold standard" viable. Fortuna…

I think from a scientific view, allowing and observing the experiment bitcoin is extremely interesting. Nothing like it has challenged economic thinking in the last decades. It is …

> As an employee, in a growing economy denominated in bitcoin, you would see your pay drop frequently as the money supply gets stretched. There's no reason at all to think BTC-deno…

As an employee I would rather have the lever in renegotiations. I also would like to be able to save without having to put my economic output at risk. If you don't invest your bitc…