• whoisearth@lemmy.ca
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    2 months ago

    The fake money for criminals is the best because there’s a lot of people that aren’t criminals that have bought in on it and among those the concensus is “I think a bunch of IT neck beards can build a better financial system better than the one that evolved over centuries”.

    The delusion is laughable.

    • Appoxo@lemmy.dbzer0.com
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      2 months ago

      Is a currency really that much better if it’s less stable than balancing two pyramods on their respective tips?

      • musicalphysics@discuss.online
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        2 months ago

        Bitcoin is the youngest currency around and u like all of the other currencies it isn’t mandated or controlled by governments. If inventions have to be 100% perfect out of the gate then you’ll never get anything new.

        • prole@lemmy.blahaj.zone
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          2 months ago

          Bitcoin is the youngest currency around

          No it’s not, it’s the oldest (and as such, the worst in almost every way) crypto.

                • prole@lemmy.blahaj.zone
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                  2 months ago

                  Ok then I don’t know what to tell you.

                  Is your brain just skipping the last word because it comes after a parenthesis?

                  Hint: I said it’s the oldest and worst crypto.

                  Unless I’ve missed some huge news, none of the things you snarkily listed are cryptos.

                  You have to understand that I’m trying very hard to not be an asshole right now lol. Just read the entire goddamn comment

        • Appoxo@lemmy.dbzer0.com
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          2 months ago

          I think it had it’s time to cooldown from the extrme speculative volatility. It has lost it’s coolness factor in the mainstream after NFT and AI took over.
          Still as volative as ever.

          You can’t tell me a 11% drop in value can be considered a valid alternative.

          • musicalphysics@discuss.online
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            2 months ago

            You can’t be serious. Bitcoin is less than 20 years old and for most of that time almost everyone thought it was a joke. Most still do. Your timeframe for stabilization is disconnected from reality.

    • explodicle@sh.itjust.works
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      2 months ago

      Honestly I think pretty much anyone could build a better financial system, and more people should try. What we have now is the result of centuries of unchecked power. This monetary policy was created by Richard Nixon and then we adopted a Keynesian rationale post facto. It didn’t evolve, it was stolen.

      If you’ve got another idea (including moneyless systems) I’m down to try that too, but what we’ve got right now is pure garbage, and having no out before the modern era doesn’t imply that it’s good.

      • megopie@lemmy.blahaj.zone
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        2 months ago

        The modern banking system and monetary policy was created under FDR. Nixon just stoped pretending it was backed on gold and told de Gaulle to kick rocks when he asked for the gold back.

        Realistically the changes under Nixon are peanuts compared to the digitization of it all since the introduction of systems like Swift.

          • megopie@lemmy.blahaj.zone
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            2 months ago

            Yes I am an American and I know what he did, but I also know that the Breton woods agreement was only a small part of the financial system, and that realistically, the economic downturn of the 70s was far more heavily impacted by several oil shocks and the hangover from massive spending on Vietnam.

    • Aneorthisio@lemmy.ml
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      2 months ago

      The unconstrained expansion of credit following the end of Bretton Woods system could only lead to the long term devaluation of the currency, something that’s theorically infinite is also inherently entropic.

      • AmyAye@nord.pub
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        2 months ago

        Yeah, when it was “Hey, I drive to work every day, anyone else on this same route want to pay a bit for gas and share my ride?”. It was kind of fine.

        But now its just flat out people’s “job” as a cabbie without proper cabbie regulation.

      • HugeNerd@lemmy.ca
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        2 months ago

        Sure, as long as everyone’s going to the same place at the same time, and washes and doesn’t blast horrendous trap music on a JBL.

      • kittenzrulz123@lemmy.dbzer0.com
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        2 months ago

        Ride sharing does not remove cars from the roads, typically they take only one person to one place. Actual solutions include LRT, BRT, Metros, U-Bahns, S-Bahns, and REM style automated light rail.

    • Aneb@lemmy.world
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      2 months ago

      I’m paying $900 for a short term (week and a half), last minute, airbnb, I’m meeting with a potential roommate tmr to move in on the 1st. Paying real rent instead of paying airbnb hosts.

    • FireRetardant@lemmy.world
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      2 months ago

      If people value it I guess it isn’t so fake. Most “legit” currencies are just the goverment promising you its worth something anyway.

        • Redkey@programming.dev
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          2 months ago

          In both cases the trading value of the currency has almost nothing to do with who originated it, and almost everything to do with how the general public feels about it.

          Just like crypto, most “government” currencies are worth what they’re worth only because everyone agrees that they are. That’s called “fiat” currency. And that’s why fiat currency exchange markets exist. The US Dollar hasn’t been “convertible” (redeemable for a fixed amount of precious metal) since 1971, and many other world currencies were already backed in some way by the US Dollar at that time.

          The real difference is in the supply.

          Government fiat currency is difficult to counterfeit, although the government (or reserve bank) can always make more whenever they want. We trust them not to print more money, increasing the money supply and devaluing the currency. However, this is exactly what has happened sometimes in the past, and no doubt will happen again in the future.

          Crypto currency is virtually impossible to counterfeit, and IIRC there’s a finite (but not precisely known) amount of it that can be made, no matter who you are.

          Personally, I still use physical fiat currency and no crypto. I’d like to use crypto, but regulation in my country makes it very difficult to use without registering your details with a central authority. And although everyone’s pushing e-money options which are similarly tracked, thankfully I still have the option of using anonymous cash.

          I don’t do anything bad or illegal. I just believe that government and big business don’t deserve to know everything I do in my life simply because they want to.

          • bountygiver [any]@lemmy.ml
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            2 months ago

            You can use crypto without those registration if you know where to find locals who are willing to trade it for cash. It’ll be just like finding a local dealer.

    • TheparishofChigwell@sh.itjust.works
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      2 months ago

      I tried looking at dreadforum to see how markets work nowadays and found out in a minute I was viewing a mirror that was injecting links

      I think I’ll just ask a dude on the street at this point

      But then again I am in a country where that would work with 0 negative consequences for me as the user

      • hirihit640@sh.itjust.works
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        2 months ago

        Doesn’t dread’s captcha force you to check the url? Afaik it makes you fill in specific parts of the url, so that you check that the url you are using is the same one they are using. Curious how the mirror was able to bypass that.

        Regardless I just spent some initial investment saving the pgp public keys and making sure they are legit, so that I can use them to verify dread’s mirrors.txt whenever needed. Faster than walking out to the street imo

        • TheparishofChigwell@sh.itjust.works
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          2 months ago

          It’s my first actual visit, and I did what apparently is the obvious faux pas

          I googled for dreadforum link, was pointed towards one shown at https://dreadforum.io/

          I entered it into tor browser, no captcha was shown and I landed directly on the site/mirror.

          The one post I read, something concerning validation and opsec on markets or dreadforum, had an explanation that if the text they wrote in hyphens differed from the url right under it I was already viewing a mirror, as they spelled out a link.

          That was true, the url shown was darkmyurl dot com instead of the actual link spelled out hyphenated.

          I was humbled, and have now learned that even asking for the true php keys from you right now is submitting to defeat. The only good opsec seems to be your own

          • hirihit640@sh.itjust.works
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            2 months ago

            honestly, I wouldn’t be so hard on yourself. This stuff is way harder than people think. People don’t realize how hard it is to establish trust starting from none. Normally you type a website into Google, and Google has already done the work for determining which website is the legit one and which is the shady phishing site, and will filter out the shady site. This convenience does not exist for darknet sites, so you just have to establish trust yourself.

            even asking for the true php keys from you right now is submitting to defeat

            not necessarily. You can get the pgp keys from random strangers online. It’s just not the only source you should rely on. Get it from multiple sources and then verify if they are all the same. If they are, think to yourself how likely it is that all 3 sources are actually the same attacker giving you a fake key.

            DM me if you’re actually interested in the pgp key and I’ll dig it up from my notes

    • cobalt32@lemmy.blahaj.zone
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      2 months ago

      Monero my beloved…

      I believe in a future where we won’t need money anymore, but in the meantime, Monero is a pretty solid choice.

  • massacre@lemmy.world
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    2 months ago

    Its an old meme And it all started with illegal banking for musk and their… That should make the cut

  • edinbruh@feddit.it
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    2 months ago

    It doesn’t have to be like this though.

    Here, for example, Uber is not allowed and Airbnbs are regulated

      • edinbruh@feddit.it
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        2 months ago

        Italy. Because you need a license to be a taxi driver, and a random company cannot hand them out (and the taxi drivers union is powerful and corrupt). And because the government gotta know who is renting a room where, you can’t just go wherever you want without anyone knowing, especially foreigners. Whenever you rent a room in Italy, the owner will take a picture of your ID/passport, and send your data to the local government. Also you gotta pay taxes on the rooms you rent.

        • Axolotl@feddit.it
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          2 months ago

          The only things we Italians we are good at is making many regulations, especially ones for safety lmao

          See: building regulations

          Rare Italian W

          (Okay, maybe we are great at doing some regulations, we lack a lot of stuff that is normal for other countries and a lotta of rights…)

        • prole@lemmy.blahaj.zone
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          2 months ago

          I’m not sure that I would consider “we don’t have Uber because the Taxi industry is corrupt” to be a win

  • Chloé 🥕@lemmy.blahaj.zone
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    2 months ago

    i’m going with the fake money for criminals, cuz sometimes the criminal in question is a trans person trying to get their medicine

    to my great annoyance, almost all diy hrt online can only be bought using crypto. and wow does it make you hate cryptobros to have to navigate an ecosystem clearly designed for speculation to get your life-saving medicine 🫠

      • Chloé 🥕@lemmy.blahaj.zone
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        2 months ago

        the homebrewer i was buying from didn’t support this one, so i would’ve had to convert it, which means fees typically

        anyways, i don’t really care to maintain a crypto portfolio. i buy the coin when i buy the thing, so volatility isn’t too much of a concern. my main annoyance is at the bonkers fees that exchanges want because they (rightly) recognize cryptobros as a milkable consumer base

        • prole@lemmy.blahaj.zone
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          2 months ago

          Could use localbitcoin.com (or localmonero I guess), though it’s been so long since I’ve been to those sites that I forget if/what kind of cut the website takes.

          But yeah, dunno if you can avoid fees when cashing out to fiat. And if you’re using non-kyc sites to swap Monero, they’re likely taking some too, for the convenience and privacy (worth it imo)

  • Phoenixz@lemmy.ca
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    2 months ago

    I know this is programmer humor but as a tech guy who actually likes tech that isn’t destructive, this just makes me sad

  • makeshift0546@lemmy.today
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    2 months ago

    I love em all except the coins at the outset. Uber is too expensive these days but air bnb is utterly fantastically.

      • makeshift0546@lemmy.today
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        2 months ago

        That just not true across the board. I’ve found solo they are expensive but compared to getting a suite at a hotel they are competitive. You ain’t beating the king room at a Hilton though, agreed.

        It certainly isn’t true AT ALL for group travel. I regularly stay in very nice homes for under $150/night per person.

    • paultimate14@lemmy.world
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      2 months ago

      Uber is too expensive these days

      That was always the goal. Uber and Lyft prices were heavily subsidized early on. Their investors poured billions into them in order to not just establish market share, but tk drive existing taxi services out of business. Taxi services that had things like: fleets of company-owned vehicles instead of personal vehicles, commercials grade maintenance schedules, stricter licensing requirements for drivers, unionized employees instead of independent contractors, etc

      Uber and Lyft just plain ignored a lot of existing regulations by saying “those don’t apply because this is an app” to legislators who were too old to know how to turn on a smart phone. They got the public on-board by temporarily offering artificially low prices and high payouts to drivers. Now they have established themselves and removed the competition, so the payouts are going down and the prices are going up.

      There are still some US cities that do not allow Uber or Lyft to operate, and there are other countries in the world that do the same.

      • The_Terrible_Humbaba@slrpnk.net
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        2 months ago

        It’s still miles better than Cabs, I can’t believe this even has to be argued! When was the last time anyone here defending cabs/shitting on Uber actually took a cab somewhere?

        The few times I had to/decided to take a taxi, I got absolutely ripped off. And with an Uber, even if it’s expensive, you at least know before hand how much you’re paying. You can decline if you think it’s too much. Good luck trying that with taxis.

      • makeshift0546@lemmy.today
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        2 months ago

        I couldn’t give a fuck any the regulations. They sucked and did nothing. Cabs were broken and Uber fixed that shit right up.