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Brrr.money

brrr.money

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Re: Brrr.money

#31

Post by lordofgibbons »

jancsika wrote: post #9

A Bitcoin-based economy would not suffer from this problem. Additionally, behold the list of extant desirable use cases for a decentralized cryptocurrency: 1. Donating to scihub 2. Reminding HN that a list with a single element in it is still a valid list.

>Additionally, behold the list of extant desirable use cases for a decentralized cryptocurrency: >1. Donating to scihub

You mustn't be aware that Bitcoin transactions are 100% traceable (and are being traced). Donating to scihub with something like bitcoin would be opening up yourself to legal trouble depending on what country you live in. You'd have more privacy using your CC.

Bitcoin is utterly useless as a form of currency. It's non-fungible, and your entire transaction history is open to the whole public to see.

Re: Brrr.money

#32

Post by judge2020 »

Kye wrote: post #25
pugworthy wrote: post #22

ELI5?

A vocal subset of cryptocurrency pushers have as twisted a view on economics as mainstream economists. This is an art piece depicting one faulty view. bonus edit: Printing money could be a handy way to carry the country through the current deep structural change in the nature of the economy from one based on industry (putting capital to work) and finance (creating and allocating capital through loans) to one based on…

It's just a meme image, it's been a thing long before cryptocurrency people thought the Fed was trying to tank crypto or whatever:

https://youtu.be/O1hCLBTD5RM & https://old.reddit.com/r/wallstreetbets/comments/l8rf4k/time... & & https://youtu.be/GI7sBsBHdCk?t=117

Re: Brrr.money

#33

Post by lordofgibbons »

echelon wrote: post #30
jancsika wrote: post #9

A Bitcoin-based economy would not suffer from this problem. Additionally, behold the list of extant desirable use cases for a decentralized cryptocurrency: 1. Donating to scihub 2. Reminding HN that a list with a single element in it is still a valid list.

> A Bitcoin-based economy would not suffer from this problem. I rather like the ability of my government to use monetary policy to create favorable environments for growth. Sometimes we get a bit ahead of ourselves and things come crashing down, but when it's good it's great. > Additionally, behold the list of extant desirable use cases for a decentralized cryptocurrency: There are lots of bad use cases for crypto. 1…

>1. Crypto directly enables ransomware and *terrorist financing*

Citation needed. Almost all terror financing happens with fiat (the data was released by the FBI last year. I'll update this when I find the PDF), drug & human trafficking all happen with fiat (U.S Dollar specifically). Maybe we should ban the Dollar since it makes so many terrible things possible?

Maybe encryption is bad too. I hear bad guys use it to hide their nefarious plots. /s

Re: Brrr.money

#34

Post by judge2020 »

This site isn't trying to say anything at all, by the way. It's been up since the original money printer meme started[0] back in March 2020, as a response to interest rates falling extremely low in an effort to stimulate the economy.

0: https://github.com/memetic-institute/Money-printer-go-BRRR/c... - the meme https://youtu.be/O1hCLBTD5RM

Re: Brrr.money

#35

Post by echelon »

lordofgibbons wrote: post #33
echelon wrote: post #30

Earlier quoted context omitted.

> A Bitcoin-based economy would not suffer from this problem. I rather like the ability of my government to use monetary policy to create favorable environments for growth. Sometimes we get a bit ahead of ourselves and things come crashing down, but when it's good it's great. > Additionally, behold the list of extant desirable use cases for a decentralized cryptocurrency: There are lots of bad use cases for crypto. 1…

>1. Crypto directly enables ransomware and *terrorist financing* Citation needed. Almost all terror financing happens with fiat (the data was released by the FBI last year. I'll update this when I find the PDF), drug & human trafficking all happen with fiat (U.S Dollar specifically). Maybe we should ban the Dollar since it makes so many terrible things possible? Maybe encryption is bad too. I hear bad guys use it to…

https://blog.chainalysis.com/reports/terrorism-financing-cry...

https://www.buzzfeednews.com/article/johntemplon/bitcoin-cry...

https://www.coindesk.com/policy/2020/08/13/us-prosecutors-se...

https://www.nbcnews.com/tech/security/north-korea-stole-reco...

https://asia.nikkei.com/Opinion/Will-North-Korea-be-the-deat...

We're in the early days of crypto being used to fund terrorists. The usage is growing rapidly.

Re: Brrr.money

#36

Post by Bancakes »

Kye wrote: post #25
pugworthy wrote: post #22

ELI5?

A vocal subset of cryptocurrency pushers have as twisted a view on economics as mainstream economists. This is an art piece depicting one faulty view. bonus edit: Printing money could be a handy way to carry the country through the current deep structural change in the nature of the economy from one based on industry (putting capital to work) and finance (creating and allocating capital through loans) to one based on…

This! So much this! Free money for everyone!

Re: Brrr.money

#37

Post by johny115 »

It nearly broke my monitor lol!

I have modern designer level BenQ 4k monitor and I watched the money go BRRRRRRR for about a minute and then when I turned off, there was burned in image still flashing. I never knew this was even possible on modern monitor. Luckily after doing couple restarts, in about 10 min it dissipated.

Re: Brrr.money

#38

Post by soco »

icyfox wrote: post #6

Right when I feel like the internet's becoming too corporate and optimized towards SEO for the sake of profit and profit alone, I land on a gem like this. Thank you brrr lords for bearing the webhosting cost for something fun.

I bookmarked it in the Blockchain folder, just in case.

Re: Brrr.money

#39

Post by throw0101a »

jancsika wrote: post #9

A Bitcoin-based economy would not suffer from this problem. Additionally, behold the list of extant desirable use cases for a decentralized cryptocurrency: 1. Donating to scihub 2. Reminding HN that a list with a single element in it is still a valid list.

> A Bitcoin-based economy would not suffer from this problem.

Yes, it would no doubt suffer from the worse problem of deflationary episodes:

* https://www.theatlantic.com/business/archive/2012/08/why-the...

* https://archive.fo/FWKcL

* https://www.vox.com/2014/7/16/5900297/case-against-gold-stan...

We've been here before with the gold standard and it does not work very well.

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