Geee

62 ms·

811.
by Geee 5y ago
This is also a problem when you're operating with inflationary currencies, and that's why bitcoin might be better, despite its high volatility. Bitcoin is volatile in short-term, but long-term deflationary. Fiat currencies are sta
812.
by Geee 5y ago
It isn't easier to accept any other currency online.
813.
by Geee 5y ago
Stripe used to have Bitcoin payments. Bitcoin payments fell out of fashion when fees started to rise. Let's see if they re-enable it with Lightning. https://stripe.com/blog/ending-bitcoin-support
814.
by Geee 5y ago
They can use any LN wallet to pay, but most people use the official government app which is called Chivo.
815.
by Geee 5y ago
Yes, it works. Try Breez wallet for example https://breez.technology and spend on https://yalls.org
816.
by Geee 5y ago
For best experience, be sure to accept Bitcoin with Lightning Network. I'm not sure about industry standard, but BTCPay Server[0] and OpenNode[1] seem to be the most popular ones. BTCPay Server is open-source and self-hosted. [0] http
817.
by Geee 5y ago
Do you have any source for that claim? As far as I know, banks in El Salvador follow all international KYC/AML-regulations.
818.
by Geee 5y ago
Which countries are you referring to? No identification is required when exchanging peer to peer, and it's not illegal to exchange peer to peer. I don't know any countries where this would be forbidden. You can use service like h
819.
by Geee 5y ago
Why would you need placebo control for such study? You need placebo studies to isolate the effect, not for measuring the effect.
820.
by Geee 5y ago
I think more reasonable stance would be that addicted people stop caring about what they eat, and prioritize time spent on Facebook instead of time spent on cooking better food.
821.
by Geee 5y ago
I'm not really sure that you are suggesting, but if they were 'reasonable', then the coin should actually be valued at the platinum's current price. That's how money is supposed to work.
822.
by Geee 5y ago
How are they going to keep spending then? That's why they need to raise the debt limit in the first place. If they retire their old debt, they would have to issue new debt. In both cases the end result is the same; new money in circula
823.
by Geee 5y ago
When the platinum coin is deposited, it will increase government's account balance by one trillion dollars, which can then spent in the economy like any other dollar. The newly issued money will increase the total circulating supply of
824.
by Geee 5y ago
The idea is to mint a worthless coin that has face value of $1 trillion. That way, the coin has one trillion dollars of seigniorage, i.e. profit for government, and the coin could be deposited to Federal Reserve treasury instead of issuing
825.
by Geee 5y ago
It's a service. Service is a product that is consumed when it's produced.
826.
by Geee 5y ago
There's zero fees in Strike afaik. https://strike.me
827.
by Geee 5y ago
Well, the idea is that the economy should be able to self-regulate. People don't want to work in bad conditions and they don't want to support polluting companies, which makes these companies unable to compete. In this way, laisse
828.
by Geee 5y ago
Just stop meddling with the economy and it'll work perfectly. Soviet Union had the world's smartest economists trying to control their economy, and probably wrote smart scientific articles with all kinds of complex mathematics try
829.
by Geee 5y ago
The whole philosophical core of libertarianism is to seek for a minimal set of rules and systems that doesn't evolve into warlordism or any other corrupt power structure. The idea is to maximize individual liberty and keep it that way.
830.
by Geee 5y ago
How could a libertarian be a war lord? As far as I can imagine, war lords are authoritarian, which is complete opposite from libertarian.
831.
by Geee 5y ago
Yeah, that was kind of tongue in cheek, but I feel it should randomly scare you to actually be effective. It's probably a good idea if you had to drive manually for a few minutes randomly, but the switch should happen quite suddenly so
832.
by Geee 5y ago
There could be strategies to unhabituate driver's brain. For example, randomly swerving the car into oncoming traffic, just for a short moment. Make it seem unsafe, while keeping it safe. Make it random enough to avoid habituation.
833.
by Geee 5y ago
Money has strong network effects, so it's not possible for Monero to win even if it was marginally better. It's a game of winner takes all. I agree that lack of privacy can be a threat to decentralization and censorship resistance
834.
by Geee 5y ago
That's because we don't have anything better currently. With bitcoin it's possible to pay without custodians, and people can easily choose not to accept fake bitcoin.
835.
by Geee 5y ago
Why do you say that? Do you think that Bitcoin is too easy to stop for governments? Bitcoin is already used in lots of countries which suffer from inflation. It doesn't seem to be a failure. In El Salvador, there are more people with a
836.
by Geee 5y ago
A free market knows who needs and deserves money better than the government. Government handouts go always to the wrong people, making the problem worse. This happens because government has less information than local actors on a free marke
837.
by Geee 5y ago
There is obviously a solution, which is Bitcoin. It'll end this madness that has destroyed societies from the beginning of time.
838.
by Geee 5y ago
It's not a problem with capitalism, it's a problem in the system that should protect capitalism. Free-market capitalism doesn't work if someone is cheating, and that's why we have these systems and regulations that try t
839.
by Geee 5y ago
This is exactly what is happening and it's quite sad that most people don't realize this. Lots of commenters in this thread are completely unaware of what's actually going on. The problem has nothing to do with capitalism. Th
840.
by Geee 5y ago
Why are they blaming capitalism? It's just dishonesty and corruption, which happens under any system if it's not kept in check. It's actually more likely to happen under socialist or authoritarian regimes, when power is more

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