IcePee

joined 9 months ago
[–] IcePee@lemmy.beru.co 0 points 2 months ago (1 children)

That's quite a privileged point of view. Take a look at: https://en.wikipedia.org/wiki/Hyperinflation#Notable_hyperinflationary_periods. In the crypto world, this is the very definition of a pump and dump. Except the pumping in the fiat world is the money supply and a dumping is the value. As for scam coins, I disagree, the scam isn't usually the currency (we'll, not more than fiat) it may be created and used to facilitate a scam, but unless the creator programmed in a flaw that can be taken advantage of, it currency itself isn't the scam. And since scam creators are usually lazy, ignorant, or just optimising for returns, most of the code behind their coins have been forked from other, more legitimate crypto projects.

[–] IcePee@lemmy.beru.co 1 points 2 months ago

Sweet! Although I do wish they could expand the access, at least give read-write access even if it is only for that session.

[–] IcePee@lemmy.beru.co 9 points 2 months ago (2 children)

While it's a bit off topic regarding the question, if you want a quick glimpse of what's out there, try https://distrosea.com/

[–] IcePee@lemmy.beru.co 0 points 2 months ago* (last edited 2 months ago) (3 children)

What I am trying to get through to you is, just like how the LIBOR scandal doesn't implicate fiat, scammy crypto projects doesn't implicate crypto. My criticism of fiat is it's fundamental systemic weaknesses. It seems your criticism of crypto is it's used by scammers. A criticism that, incidentally can also be levied at fiat.

[–] IcePee@lemmy.beru.co 0 points 2 months ago (5 children)

The main difference between these "shit coins" and fiat is once the shit coin scammers eventually pull the rug, they cannot just print more of that coin. Fiat scammers can just print more of that currency.

But in both situations one does need to look at the economics of the coins, and the priors of the people in control.

[–] IcePee@lemmy.beru.co 0 points 2 months ago (7 children)

I think I didn't make myself clear. When I said "by volume" I meant was the amount of value the different systems hold and the amount of if not outright fraud, negative aspects of the systems. The fiat money systems' money supply has a fundamental weakness, it can be created out of thin air so is constantly loosing value. Think of all the investment vehicles or other assets that tie themselves to this loosing value asset. Trillions in USD. And what's it all backed by? Ultimately guns. Well most crypto currency is backed by maths and no matter how many guns you point at it, you cannot make 2+2= anything other than 4.

[–] IcePee@lemmy.beru.co 0 points 2 months ago

While I support crypto you gotta pick your asset. And, boy this is a dud.

[–] IcePee@lemmy.beru.co -4 points 2 months ago (10 children)

I would say the fiat money system is the biggest con, at least by volume. What with all the quantitative easing and fractional reserve banking.

[–] IcePee@lemmy.beru.co 43 points 4 months ago (2 children)

I wonder what he had to give up in the plea deal.

[–] IcePee@lemmy.beru.co 2 points 5 months ago

For personal things, computer, phones, etc. Big corpos cover this by a EULA. EULAs also covers forums controlled by the companies. For public places like websites, you can control search engines by using a robot.txt file.

[–] IcePee@lemmy.beru.co 44 points 5 months ago (2 children)

I don't tend to rely as much on Valve's compatibility rating as I do ProtonDB's. Even though it takes extra steps.

[–] IcePee@lemmy.beru.co 2 points 6 months ago

As Mr. Miyagi would say:

"Walk On Road, Hmmm? Walk Left Side, Safe. Walk Right Side, Safe. Walk Middle, Sooner Or Later... Get Squish Just Like Grape!"

Or, how about Yoda:

"Do or do not. There is no try”

What I'm saying either Linux rules the roost or Windows does. The "roost" in this example is your hard drive.

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