beaconstudios

10 ms·

91.
by beaconstudios 4y ago
I think most transactions made with those coins are speculative, yes.
92.
by beaconstudios 4y ago
Perhaps my original formulation was insufficiently precise to get my point across - I mean that crypto is rooted in scams and pyramid schemes and whatnot in the sense that the nature of the industry makes it a magnet for those kinds of sche
93.
by beaconstudios 4y ago
Okay to clarify, I meant the excesses of the age. It was also a time of expansion driven by the inventions and discoveries of the industrial revolution and the discovery of oil. But when people make the argument that libertarian policy woul
94.
by beaconstudios 4y ago
It doesn't look like it, no. But what about that is actually using blockchains to solve a problem? They mention Web3 but I don't know if it's a requirement of some feature or an opportunity for a marketing buzzword. I don&#x2
95.
by beaconstudios 4y ago
This is what I've observed, it's not a prima facie assumption. I was initially optimistic when bitcoin came about. Most of the industry seems to be based on speculation and selling "x but on the blockchain" solutions to
96.
by beaconstudios 4y ago
I did address this in a sibling comment - the exchanges are primarily used to buy and sell crypto to greater fools, and thus they are rooted in a greater fool scheme. The vast majority of use for crypto is speculation.
97.
by beaconstudios 4y ago
I don't think most exchanges are rooted in scams no - I'd say they're rooted in a greater fool scheme, given that the main purpose of buying crypto is to sell it for profit and it isn't really used for exchange outside a
98.
by beaconstudios 4y ago
> The rate of economic growth and improvement in people's living standards was much higher back then than it is now. During the industrial revolution? I would expect so. At this point we're on the tail end of those improvements
99.
by beaconstudios 4y ago
Based on both my observations of the space and interaction with crypto people and the crypto market. I know people who work in crypto too. Your defensive kneejerk reaction doesn't serve as an opposing argument - if you think differentl
100.
by beaconstudios 4y ago
The experiment wasn't even necessary - the Gilded Age was a libertarian's paradise with the gold standard and very little government regulation. What do we most associate with this era? Robber barons, utility monopolies screwing p
101.
by beaconstudios 4y ago
I honestly think you'd be hard pressed to find a crypto business that isn't rooted in some kind of scam, greater fool scheme, pyramid scheme, or the like. The whole industry is a mess.
102.
by beaconstudios 4y ago
That makes sense, by post war socialism are you thinking the Warsaw pact countries or the more social-democratic elements of Keynesianism? Either way, makes sense given most development is done privately for profit now. Thanks for sharing y
103.
by beaconstudios 4y ago
That sounds like architects have been tempered by regulations moreso than having changed ambitions though, am I missing something? My understanding is that the modernist and postmodernist icons were not academics but practicing architects,
104.
by beaconstudios 4y ago
This also ties in to the cybernetic concept of the law of requisite variety, where adaptable entities need to be able to compress their sense-data about their environment into an internal model that corresponds in complexity to their need t
105.
by beaconstudios 4y ago
Manufacturing hasn't been automated as much as it's been outsourced to cheaper countries with less workers' rights and union membership. Automation has only really hit a select few industries like car manufacturing and wareho
106.
by beaconstudios 4y ago
There does seem to be a strong cultural thread in architecture that views the profession as more art than design. If I have to live and work in a building, I would much rather it was designed with me in mind than being the architect's
107.
by beaconstudios 4y ago
There's a fundamental conflict of interest between workers and managers, and given that managers have all the power, they usually win. Workers want control in the form of autonomy, managers want control in the form of bureaucracy. A go
108.
by beaconstudios 4y ago
There's also the advent of the political dogwhistle, which is a pretty effective form of doublespeak invented by the right to court fiscal conservatives and racists simultaneously [1], that's done tons of damage to discourse. Part
109.
by beaconstudios 4y ago
There's also reactionaries who want to run the clock back - traditionally these would take the form of loyalists after a monarchy was already deposed, like the Bonapartists in France.
110.
by beaconstudios 4y ago
Well our train service is highly privatised, and in a way that does not engender competition.
111.
by beaconstudios 4y ago
You probably just travel more than most people. Also, America is much bigger than any given European country and that leads to greater travel distances.
112.
by beaconstudios 4y ago
they weren't forcing Etsy to only play with them, it's not like they're striking for Etsy to become a closed shop with only those sellers.
113.
by beaconstudios 4y ago
it shouldn't be! From an ethical standpoint, housing should be guaranteed as a human right. Obviously if you're living in a mansion paid by an executive job and you get laid off you might have to downsize, but nobody should have t
114.
by beaconstudios 4y ago
I hope we can return to the social democracy of before the 1980s soon in the West. Austerity politics hurt everybody except the ultra-wealthy.
115.
by beaconstudios 4y ago
doctors would be responsible for your medical care; taxes would foot the bill. The primary involvement of the government is the logistics involved in getting from A to B.
116.
by beaconstudios 4y ago
if it was a bad place for other people to work at.
117.
by beaconstudios 4y ago
That's probably a good way to avoid people poisoning themselves by "innovating" on a process that, though time-consuming, is very reliable.
118.
by beaconstudios 4y ago
I wouldn't describe it as market forces when the organisation they're opposing is a platform with monopoly power. Etsy has fiat power over anybody on their platform. If we're talking about the generic concept of a cartel that
119.
by beaconstudios 4y ago
Capital strike is a strike by capital. There can be typical cases, but fundamentally that's what this is - though under platform capitalism, I think platform residents hold a much more precarious position than traditional capital becau
120.
by beaconstudios 4y ago
This is a capital strike: https://en.wikipedia.org/wiki/Capital_strike Though, many Etsy businesses are sole proprietorships or family businesses, in which case capital and labour are the same, and it's also a lab

More ›