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11·2 years agoTradFi has a few wealthy individuals that control banking
You say PoS is an oligarchy, but it still offers anyone to participate in markets they previously were unable to. For example, providing liquidity and getting a cut of transaction fees - this is something TradFi has a monopoly on, but now everyday people can get a cut. You’re right that people with more money will have a bigger cut - but it’s still more equal than TradFi
You’re partially correct with some of these points.
Theatge amount of energy you mention is really only relevant to proof of work. You’ve mentioned proof of stake etc - so you should know that. The energy requirements for “proof” techniques such as PoS is negligible
Reversing transactions are ‘hard’/infesable - and so in a way they do help scammers - but I think it’s a false equivalence. It helps everyone. In my mind it’s like says “encryption helps terrorists”, that may be true, but it helps us all.
Regarding on chain transaction transparency, there are some chains that are like this (bitcoin), and there are some chains that are not (monero). There’s also ways to anonymise transactions through mixers etc if you do care about that. Although, I don’t know of anyone that gets their salary into their crypto wallet.
Overall, regulation is slow! But it’s getting there. I don’t think crpyto will solve all of.humans problems, but I might just help with some. It’s going to be interesting seeing how it all plays out - people thought it was going to be here and gone in a year, but it’s been over a decade now.
And if someone can’t afford a car, and they live within a car-centric area of the world, and they can’t afford to move?
Maybe they make a gamble and buy a car with the hope it will be an investment, and provide them with more income…
But when interest rates have been at near zero for over a decade, and now they have shot up - it could upset quite a lot of finances!
He do what what a snoop do
3·2 years agoWish granted! Humans are no longer born with spinal vertebrae
Isn’t that the nickname of your mum?
Big tiddie goth girls
1·2 years agoTotally, however, to play devil’s advocate of that… There is only so much inventory that these companies can hold. It’s similar situation to house price crashes. Banks are left with too much stock.
However, with property, banks can rent them out… Maybe we will see a huge industry of second hand rent-from-large-corporation-and-never-own-anythings popping up soon…
If you remember 2008, it wasn’t the bank execs that were burned, it wasn’t even really the bank employees that were burned (although some did lose their jobs)
It was everyday people that lost their homes, their jobs, their lives.
I’m all for a bit if chaos in the name of redistributing wealth, or resetting some madness that has worked it’s way into society, but I don’t think this is it
I don’t know mu h about USA student debt, I’m in the UK. That does sound pretty different
I was trying to point out how a wide spread auto loan defaults could have far reaching consequences
Where it gets spicy is:
Buying (financing) a new car, and then having it repossessed at half the purchased value (still 50%) debt to pay
If people have cars repossessed en mass, the second hand car market will be affected, prices for used cars go down (because the supply goes up). This makes repossessions not cover the whole loan, see above point
Finally, as more and more Americans no longer have access to cars, they also lose access to… A lot of society (work, education, healthcare). If this affects a large enough percent of the population, there will be macro effects.
At birth babies should be working 5 jobs to pull themselves up by their bootstraps. No more handouts from mummy milkers! Bring back mandetory conscription for newborns! The market will provide, this toddler was homeless because the government is too large, and there is too much regulation!
100usd off of store purchases are nothing. I am just imagining they have postponed their 100usd off black Friday deal for another 6 months to justify this ‘payment’
They don’t lose anything from this offer.
I’ve just googled steamos, that’s Debian 8 right (which is eol, weird…)
So I’m guessing Debian 8 (and hopefully newer) will get support too soon?
It’s been a while for me using a gui for Linux (headless Debian is my go-to)
Does that mean Kubuntu? (KDE Ubuntu) And for VRR (GSYNC/FREESYNC) would Kubuntu also support that do you know?
When I’ve tried to Google before, it seems like no distro really supports these as well as windows ATM (although the steam OS comment may show things are changing)
Any Linux distro do HDR / VRR yet?
Yeah!
Now hopefully they can enable HDR video playback within the next few years (bug open for 5 years at this point)