I get a lot of people calling out my #Bitcoin skepticism (as in: Bitcoin is a worthless piece of hot garbage trying to kill our planet) because number is again going up. This time it's real, now that the scamers have been caught and all.
But if you want to know why Bitcoin goes up you just need to look at one curve: Tether has printed 4 billion USD from thin air in the last week.
While it's great to see the crypto scam artists SBF and CZ been caught and punished (sadly without making their victims whole) the actual rock that whole scam economy is built on is Tether. Has been Tether for years.
And I really don't get why US regulators let some weird company print fake USD.
Brief reminder on cryptocurrencies.
When trying to understand any form of cryptocurrency, understanding valuation relative to something similar is useful:
1 crypto coin == 3 Dutch 1637 tulips == 1/2 unicorn horn == 0.1 the Carnwennan dagger == 1 vial with 5 mermaid tears == 1/3 scroll of invisibility to dragons
Those are approximate as the value of each frequently changes from 0 to multiples of the square root of -1. For the most up-to-date values, check with the clerks at Gringotts.
@spaf or lile any other #Currency their "#value" is solely based upon convertability.
That's why 5.000 KPW won't buy you a Cheeseburger in the USA, but 5.000 U$D a car and 5.000 XMR :monero: a house or at least an tiny.single-room condo...
All currencies are beased upon acceptance and convertability, and that's why #Bitcoin :bitcoin: and everything else but #Monero are #Shitcoins that prey on people horny for money and greedy af.
Wenn du noch nicht viel über die Themen weißt oder noch unschlüssig bist, solltest du dir das mal anhören - gibt einen guten Überblick über diese ziemlich ausgereiften Powertools.
@flyinggecko@stdevel knar, ich betrachre es jedenfalls als.lustig wenn irgendwelche #SystemD-Hater sich als #Emacs-Fans entpuppen weil das komplett absurd ist...
Ich selbst bin ja nen Fan von etweder exzellent umgesetzen Distros ( @ubuntu#UbuntuLTS ) oder konsequentem Minimalismus ( #toybox / #Linux & #OpenBSD)...
Just to put into context how utterly insane the crypto landscape is, imagine going back to 2005 and saying this out loud to anyone. They would lock you up far away from society, and keep you sedated.
@greyarea@silverpill TBH, I wish all the #Shitcoins (espechally #Bitcoin :bitcoin: and other #ASIC-mined shit) will die a slow and painful death and that those that have billions sunk into it like #AndreesenHorrowitz will loose everything and have to file for bankrupcy.
Longterm I hope #Monero :monero: will become the new #PayPal :paypal: but in a good way:
As a convenient and fast payment system.
alright, I think it's time to translate the #NWB spec language to RDF and start on the first leg of getting this p2p thing off the ground and mirror all the neurophysiology archives. got a big stack of hard drives and bandwidth going to waste
Just like #Helium / #HNT only results in transciever hardware being harder to get without paying scalpers whilst also spamming the #spectrum to the point that I think it's overdue that @BNetzA kicks in doors and unplugs that shit for violating #SpectrumRegulations...
I usually can find the merits in #tech but as of now people shove "#blockchain" and "#NFTs" into everything regardless if it makes sense or not just to fleece #VentureCapitalFirms...
Noone needs the floods of #Shitcoins when the only one that actually works as a #payment system is #Monero and it's only demand exists due to Credit Card firms & #PayPal being anti-consumer shit and horribly centralized.