BalpeenHammer

@BalpeenHammer@lemmy.nz

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BalpeenHammer,

If you close your eyes the face id won’t work. I suppose the police could force you to open your eyes somehow but if they are going to do that they can force you to put your pin in too.

BalpeenHammer,

These would be the companies that gave the biggest donations to the various trusts and organisations that funnel money into these parties.

BalpeenHammer,

They are still saying that!. Fucking idiots.

BalpeenHammer,

The problem is that their voters believe every word they say.

BalpeenHammer,

Why are we putting up with this shit?

BalpeenHammer,

They actually said it will result in better education for kids.

BalpeenHammer,

It’s a part of their war on the middle class and the poor. Rich kids in private schools will not be hurt. They only want to hurt poor people and the middle class they don’t care if it’s the kids they are hurting or the adults.

BalpeenHammer,

The line is bullshit but their voters lack the capacity to understand that. They believe the things the government says because they live in a bubble.

BalpeenHammer,

Nothing they do surprises me anymore

BalpeenHammer,

It’s easy enough. Just fork XRP, set up a couple of dozen servers in various places and you are done. The currency is pre mined so you get to control the supply just like fiat.

If you were really smart (and let’s face it this government couldn’t outthink a dead fly) you’d charge a mining fee and eliminate or reduce the GST.

BalpeenHammer,

You can load it on a card. Put twenty bucks in the card and that’s all your kid has to spend.

BalpeenHammer,

You can use premined currencies like XRP. You can just fork the protocol.

BalpeenHammer,

Whenever I hear things like this, I ask ‘What’s the problem they are actually trying to solve?’

Let me list some possible benefits. Presume a premined centralized currency like XRP.

  1. You can impose a mining fee and control the exchanges (miners). This would impose a tiny tax on every exchange of money and you can reduce or eliminate other taxes.
  2. Easy exchange and transfer of money to and from overseas.
  3. Easy peer to peer payments.
  4. Easy tracking of transactions to eliminate money laundering.
BalpeenHammer,

I think validating blocks should be done centrally as well. I can’t think of a good reason to allow it for the public for a government backed fiat token.

AFIK that’s the way premined currencies work. The “miners” (which are not miners, as you say they just validate the blockchain) are controlled and are not that many.

Unless you want to save money on electricity. But I would hope the goal of this is to make the digital tokens functionally the same as cash, the biggest part being 0 transaction fees.

There are transaction fees on cash too, it’s called GST, petrol tax, income tax, etc. This would just make it easier to levy taxes so we can eliminate more onerous taxes

BalpeenHammer,

It wouldn’t be a GST technically. It would be a transaction tax. It would be collected automatically by the exchange servers.

BalpeenHammer,

There is so much corruption in NZ most kiwis don’t even recognise it as corruption. They just accept it as the status quo and how things have always been done.

BalpeenHammer,

Kids don’t vote, kids don’t donate to their political parties.

BalpeenHammer,

No they are doing it because they know their voters eat this shit up and the people who will get those fat contracts will kick back tens of millions of dollars back to them.

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