• 56 Posts
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Joined 1 year ago
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Cake day: June 12th, 2023

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  • Type these things into a search engine first and then read, so you spare yourself and others from blatant ignorance and misinformation.

    alternatively, if you can replace Bitcoin with USD and your concerns are identical, then none of your concerns are valid arguments against cryptocurrency.

    “Ok maybe we had bitcoin over a decade and nobody cared.”

    this is incorrect.

    cryptographers, economists and governments were and are excited about cryptocurrencies because they’re an obvious evolution in centralized currency, in the same way that debit cards linked to bank accounts were, and now QR codes and digital wallets are.

    “It was mainly used by criminals and tax evader.”

    this has been wrong and irrelevant as long as people have been saying it.

    Between 35 to 39 percent of USD is used for criminal activity, does this rampant criminal activity make the USD illegitimate?

    “The concept of [USD] is stupid when they just [literally print money from nowhere] once a too rich person [gets caught]”

    See what I’m saying? literally just replace the words and see if what you’re saying is still valid.

    Printing USD and writing laws to protect rich people is a problem.

    “[USD] is not regulated by the government, but by rich people.”

    they are called the federal reserve, a private company that manipulates the dollar value at will.

    The American aristocracy illegally manipulates the printed paper.

    [USD]has a 100% virtual value.

    That’s what happens when you decouple a currency from It’s backing value, like when the USD got taken off the gold standard and private companies are allowed to print fiat currency at their own discretion.

    “An artificial scarcity does not create value”

    scarcity precisely creates value, that is how the federal reserve manipulates the value of the USD.

    It’s literally why the interest rates have been lowered this year rather than continuing to increase, the federal reserve is trying to create an artificial scarcity.

    “If tomorrow the the USA makes [USD] illegal, it’s value will drop a lot.”

    oh, “a lot”?

    The gold price certainly didn’t drop after being made illegal.

    “I mean the stock market is similar, but at least it is regulated.”

    leaving aside that you are unaware of existing and developing cryptocurrency regulations, why are you so proud of regulation when it has been shown to facilitate illegal fiat currency manipulation?

    Yes, the USD and stock exchange are “regulated” to an extent, but that regulation is completely irrelevant since white collar crime and illegal activity has continued unabated since fiat currency has come into play.

    cryptocurrency is also regulated.

    it literally has tax forms, just like the fiat currency that criminals use.

    “The rugpull was in the context of [USD].”

    If you want to talk about rug pulls, type in USD fraud.

    you’ll get a few hits.

    none of what you typed was relevant or correct, just type what you think into a search engine if you’re unaware of the facts.

    Don’t make things up that are demonstrably false with a simple search or substitution.



  • The thing wrong with a stable company is that it doesn’t afford those at the top uncontrollable, disproportionate influence and profit.

    American business culture disdains stable companies that maintain their size.

    American business culture advocates for and promotes unlimited expansion and profit increase above all else, which is obviously unsustainable and distracts from creating good products or social benefit If you put a moment of thought into it, and benefits the one or few at the top while exploiting everybody else.

    When that venture inevitably fails, the winners at the top get to exploit their ill-gotten profit to influence culture at large, radicalize the exploited and propagate the exploitative system.

    The winners are shuffled around, and continue making obscene profit from each successive top position at the expense of their society, simultaneously creating and breaking laws to further their selfish, unsustainable gain.








  • “[Fiat currency] is a speculative market. That doesn’t make it a good currency - in fact, it makes it a very bad currency. [Dollars] changing in value so much and so rapidly makes them awful for use as a daily currency, and they’re backed by [gold] anyways because otherwise, they’d have no value.”

    yes, yes, go on.

    “The only reason people care about [fiat] is because they think they can make a lot of money off of it when they hand the bag off to somebody else.”

    It’s good that fiat currency never really got a foothold or it looks like you wouldn’t have any argument.




  • “crypto was stupid from the beginning”

    How? Do you find debit cards stupid?

    “people who knew about the tech told everyone so”

    completely untrue.

    people at the forefront of cryptography and economics were excited about the Bitcoin white paper because cryptographic digital currencies is an obvious-in-hindsight evolution in currency.

    they were so excited about it that they joined nakamoto in creating cryptocurrencies, collaborating and developing new technologies until it was launched and beyond.

    “idiots bought the shit to get rugpulled”

    how exactly is gaining 400,000% in value over a decade a “rug pull”?





  • “CBDCs aren’t cryptocurrencies”

    Love to hear how you think cryptographic digital currencies aren’t cryptographic digital currencies.

    “As for the rest, “It’s good because it’s making lots of money””

    cryptocurrencies are exceptionally popular tech with very active communities developing new technology that is constantly gaining popularity and value.

    by your flawed metrics, solar power is “hype”.



  • “Intel has only been behind for the last 7 years or so”

    what is your source for this?

    at what point was intel even at par with tsmc in semiconductor/fab quality and production?

    I’ve heard this twice now, but as far as I understand, Intel has never met the fabrication technology or demand that TSMC has and has been playing catch up for three decades.

    I’m very willing to read a sourced article offering more historical context.

    as for the article you’ve linked, it’s a more technical iteration of the “yea but maybe?” articles.

    There’s zero refutation of tsmc dominance and zero evidence of a true emergent competitor.

    “but it remains to be seen whether they’ll hit a wall where Samsung and/or Intel leapfrog them again. Or maybe Samsung or Intel hit a wall and fall even further behind. Either way, we’re not yet at a stage where we know what things look like beyond 2nm”

    their point is “heyvwe don’t know”, but if tsmc next-gen R&D and production fails, and if another company is able to close the distance between themselves and tsmc’s current held advantage, and if that theoretical company is then able to pull ahead with theoretical technologies, then TSMC might not be in first place in terms of semiconductor manufacturing.

    “but what if…” isn’t exactly a compelling or relevatory argument.

    if a new zero emissions concrete dropped tomorrow and if a company secured the funding to produce it commercially and if they partnered with a next-gen 3d-printing company and real estate developer exclusively committed to low-income housing, then they could build a national chain of economically viable housing units.

    None of that has happened and there’s no evidence of it happening, so it’s just a hypothetical series of events.