this post was submitted on 03 Feb 2024
396 points (93.0% liked)

News

23296 readers
3312 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] wildginger@lemmy.myserv.one 3 points 9 months ago (2 children)

Its the same use case as cash.

If all money goes digital, you lose the ability to make unsupervised purchases.

Harr harr, yes drugs. But also condoms or plan b pills, which magically became a political target recently. Or any other previously innocuous thing that could someday shift into a political target.

That tracking also means anyone who buys that data can profile you. Card charges at the same store every work day? Someone who cares knows where you go for lunch. Maybe its a stalker, maybe just an advertiser trying to get you specific ads. Do you want either having that info? Buying the same specific goods for meals, or hobbies, on a regular basis? Ad companies love that, they can up prices on things your data says is a dependant purchase.

You dont want your entire purchase history trackable. Its not about having things to hide, its about not wanting someone to be able to pick you apart like a lab rat. Cash helps this, but lots of groups and people want a cashless society.

If cashless ever becomes a reality, you want a digital cash replacement to already be in place, if not underway. Better that the concept gets worked out now while we still have cash, than scrambling to set it up in a future where cash retires.

[–] assassin_aragorn@lemmy.world -1 points 9 months ago (2 children)

We already have cash, so as it stands, Bitcoin is far more complicated and energy intensive for no meaningful alternative reason. You're effectively arguing the wrong point, and only skirt over the real concern: a lot of people and groups want a cashless society.

Is it worth it to use Bitcoin over cash, and generate emissions, to have that digital alternative to cash? What are the reasons that these people and groups want a totally cashless society, where it would be an onerous burden to just cash for drugs, condoms, plan B, etc?

Until there's a compelling reason that is worth the energy draw and required technology, it's going to continue to be derided.

[–] piecat@lemmy.world 1 points 9 months ago

You can't use cash on the Internet. Has to be an account of some kind

[–] wildginger@lemmy.myserv.one 1 points 9 months ago

"Governments and businesses are starting to push for retiring physical, gov backed money. Having a digital currency that cant be retired by a government is a good fallback plan to prevent getting stuck in a digital only system that doesnt have untraced currency."

"Uh, but we already have cash? Why would I use that over cash, which I have right now? My cash buys me drugs now, why should I swap?"

I literally cannot help you if you cant address what I say.

[–] fidodo@lemmy.world -3 points 9 months ago (1 children)

If, if, if! But it hasn't. So there's still no real reason to use Bitcoin today. I'm glad the concept and ecosystem exists, it might come in handy, but there's a shit ton of resources going to it, today so what is its social benefit today? Again I'm fine with Bitcoin existing, but if the only use case it's being used for right now is illegal goods and market speculation, how does it warrant the insane amount of resources it sucks up today? If we end up needing it in the future we can ramp it up, but right now I think there's way too much resources being sucked up by it for not enough societal benefit.

[–] wildginger@lemmy.myserv.one 1 points 9 months ago (1 children)

"Sure Ill be glad to vaccinate if I get covid. If, if, if! But I dont have it now! Theres no real reason to vaccinate now, I dont need it!"

The point of a precaution is to do it before the concerned event happens. And when multiple countries have politicians discussing cashless, and with actual businesses beginning to stop taking cash in favor of card, the advent of the retiring of physical money is an actual event that is visible on the horizon.

You will need the existence of fully finished infrastructure for digital cash before you can safely use it. We. Do. Not. Have. That. Infrastructure. If cash is killed next year? Youre fucked. We need to figure that out before we need it to be online and usable.

And while no, bitcoin specifically is likely not the answer, it is the reason why people are hunting for a better solution.

[–] fidodo@lemmy.world 0 points 9 months ago* (last edited 9 months ago)

The production of Bitcoin right now is like creating billions of vaccines that have a 1 year expiration date, or getting 10 vaccines now when you're only supposed to have one. You can develop software without doing it so inefficiently that we're spending a ridiculous amount of energy in the interim. Having more mining now doesn't make the protocol better for later. I don't see how the resources going to it now are not ridiculously inefficiently used.