n00b001

joined 1 year ago
[–] n00b001@lemmy.world -1 points 10 months ago

TradFi has a few wealthy individuals that control banking

You say PoS is an oligarchy, but it still offers anyone to participate in markets they previously were unable to. For example, providing liquidity and getting a cut of transaction fees - this is something TradFi has a monopoly on, but now everyday people can get a cut. You're right that people with more money will have a bigger cut - but it's still more equal than TradFi

[–] n00b001@lemmy.world -1 points 10 months ago (2 children)

You're partially correct with some of these points.

Theatge amount of energy you mention is really only relevant to proof of work. You've mentioned proof of stake etc - so you should know that. The energy requirements for "proof" techniques such as PoS is negligible

Reversing transactions are 'hard'/infesable - and so in a way they do help scammers - but I think it's a false equivalence. It helps everyone. In my mind it's like says "encryption helps terrorists", that may be true, but it helps us all.

Regarding on chain transaction transparency, there are some chains that are like this (bitcoin), and there are some chains that are not (monero). There's also ways to anonymise transactions through mixers etc if you do care about that. Although, I don't know of anyone that gets their salary into their crypto wallet.

Overall, regulation is slow! But it's getting there. I don't think crpyto will solve all of.humans problems, but I might just help with some. It's going to be interesting seeing how it all plays out - people thought it was going to be here and gone in a year, but it's been over a decade now.

[–] n00b001@lemmy.world 3 points 11 months ago

If you remember 2008, it wasn't the bank execs that were burned, it wasn't even really the bank employees that were burned (although some did lose their jobs)

It was everyday people that lost their homes, their jobs, their lives.

I'm all for a bit if chaos in the name of redistributing wealth, or resetting some madness that has worked it's way into society, but I don't think this is it

[–] n00b001@lemmy.world 1 points 11 months ago

I don't know mu h about USA student debt, I'm in the UK. That does sound pretty different

I was trying to point out how a wide spread auto loan defaults could have far reaching consequences

[–] n00b001@lemmy.world 11 points 11 months ago (7 children)

Where it gets spicy is:

Buying (financing) a new car, and then having it repossessed at half the purchased value (still 50%) debt to pay

If people have cars repossessed en mass, the second hand car market will be affected, prices for used cars go down (because the supply goes up). This makes repossessions not cover the whole loan, see above point

Finally, as more and more Americans no longer have access to cars, they also lose access to... A lot of society (work, education, healthcare). If this affects a large enough percent of the population, there will be macro effects.

[–] n00b001@lemmy.world 15 points 11 months ago

At birth babies should be working 5 jobs to pull themselves up by their bootstraps. No more handouts from mummy milkers! Bring back mandetory conscription for newborns! The market will provide, this toddler was homeless because the government is too large, and there is too much regulation!

[–] n00b001@lemmy.world 0 points 1 year ago

Ide? Sata? M.2 baybeeee

[–] n00b001@lemmy.world 13 points 1 year ago

CYKA BLYT RUSH B

[–] n00b001@lemmy.world 2 points 1 year ago

I mean, it's just consent

If someone has the knowledge and examples that OP does, I'm sure they may come to the same conclusion

But jumping to the end without taking the other party on the journey results in forcing someone to do something that they might not want, or be ready for

[–] n00b001@lemmy.world 2 points 1 year ago (1 children)

I have been playing around recently with an odroid n2+

I've installed lineage os, android TV (I tried core elec, but I couldn't get steamlink/moonlight working)

But using android TV, with Plex or Kodi, I can't play Dolby vision (everyone has purple skin)

Is this a known limitation for odroid n2+?

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