desumeku

5 ms·

31.
by desumeku 2y ago
It's like money, but better, and it can't have its value destroyed by the government through the insidious process of inflation.
32.
by desumeku 2y ago
The return of Bitcoin that it represents the next step towards a superior form of money and an evolution of how financial systems work in a digitized world. It's "stock price" increases the more true and realized this idea be
33.
by desumeku 2y ago
Yeah, I have a real thought: QC is a scam, and you're buying into it. Not much more than that. If you want to put this to an empirical test, you should buy $10 worth of quantum computing stock and $10 of bitcoin and see which performs
34.
by desumeku 2y ago
I don't have to rebuke this, do I? This is a pretty miserable reply.
35.
by desumeku 2y ago
It's all a fringe theory, until it isn't.
36.
by desumeku 2y ago
Bitcoin price, 2012: $13.50 Largest number factored with Shor's algorithm, 2012: 21 Bitcoin price, 2025: $90,000 Largest number factored with Shor's algorithm, 2025: 21
37.
by desumeku 2y ago
They'll just say that these are all good things because they're political enemies who should be targeted anyway. I mean, Melania Trump? Russia? Obviously we should weaponize the financial system to target people that we don't
38.
by desumeku 2y ago
One word: fees.
39.
by desumeku 2y ago
Additionally, the proposed currency for BRICS is going to be partially backed by gold, assuming they still go ahead with it even with the threat of Trump's tarriffs.
40.
by desumeku 2y ago
You can't have stablecoins, smart contracts, and an entire crypto economy on Bitcoin alone. Trump said crypto capital . I'm personally expecting grocery stores to start showing you a QR code for stablecoin payment over your prefe
41.
by desumeku 2y ago
Quantum research is nothing but a scam designed to extract grant money and pump share values higher until they can actually factor a number larger than 21 using Shor's algorithm. They did that in 2012. Everything since then has been sm
42.
by desumeku 2y ago
Sure, you can go launch it on pump.fun right now. But you still can't create any more bitcoins.
43.
by desumeku 2y ago
It's important to note that this pretty much never actually happened and is only repeated all the time because of some movie. Source: https://www.smithsonianmag.com/history/there-never-was-real-...
44.
by desumeku 2y ago
Great argument. "I don't believe it has value, so it doesn't." Well, keep telling yourself that. I'm sure you feel just as smart as you did when you dismissed bitcoin at $1,000, and you'll feel just as smart di
45.
by desumeku 2y ago
Climate evangelicals have been trying to preach their message for, what, half a century? Do you really think they have the time, or even the need, to respond to an article that basically says: "hey fossil fuel companies.... you make fo
46.
by desumeku 2y ago
Strange, because a lot of the rhetoric I see online lately amounts to local propaganda saying "Russia might need to be nuked".
47.
by desumeku 2y ago
Did you seriously just try and conflate austrian economics with racism?
48.
by desumeku 2y ago
Well, I hope more immigrants and more green deal policies and more political establishment somehow solves the housing crisis and the neutering of the country's industries in some opposite day fashion.
49.
by desumeku 2y ago
> and do not adress the problems Germany is facing According to you. The solutions to your complaints come pretty easily from solving AfD's, at least in my view.
50.
by desumeku 2y ago
> Inflation sucks but deflation is a death spiral. Do you actually have any evidence for this? Considering that we haven't experienced deflation in nearly 100 years, and all. The USA certainly wasn't "death spiraling"
51.
by desumeku 2y ago
Good luck enforcing that.
52.
by desumeku 2y ago
When was the last time we had a deflationary spiral? The 1930s? And how long has kenyesian inflationism been trying to "fix" this issue? And exactly how many global economic crashes have happened under the system that is supposed
53.
by desumeku 2y ago
> No one who understands modern economics wants to bring back the gold standard Except, of course, Miseans.
54.
by desumeku 2y ago
I would say that AfD has a pretty clear idea of what they think would improve the situation in Germany.
55.
by desumeku 2y ago
Krugman is also the guy who said that minting a $1 trillion dollar coin wouldn't be inflationary.
56.
by desumeku 2y ago
"Intrinsic value" has not been considered part of the definition of money since The Wealth of Nations. Gold is good money, not because it has some sort of innate value or use, but because it has all of the properties that constitu
57.
by desumeku 2y ago
> A gold standard means that when the economy gets overheated it pops, then contracts and you get deflation. This makes crashes last longer and harder. It requires greater fiscal discipline to overcome. Kenyesian economics, through infla
58.
by desumeku 2y ago
Computer programs and algorithms are the last thing that I would call "socially constructed".
59.
by desumeku 2y ago
It's important to note, that in their ideal future, you would also have the freedom to move to (or found) NoBillionaireLand, where, as the title suggests, no billionaires are allowed, and you are free to implement as many taxes and soc
60.
by desumeku 2y ago
>not to mention some morally repugnant things that apparently even Melinda Gates couldn’t take anymore. Can you explain this?

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