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It drives me nuts how many people support crypto for the right reason, and then miss the last step and support Bitcoin instead of Ethereum. Bitcoin is an enormous resource sink, on the scale of fiat system inflation. It doesn't have to be! The system works without it!

How are we supporting or encouraging theft? When the state increases inflation and the supply of money on a whim, they directly steal value from the little people and funnel it to the big people.

That's not possible with crypto.


People frequently lose a significant amount of money due to hacking, fraud, or extortion with no legal recourse. This is not where you want your grandparents parking their life’s savings.

If someone said literally the same thing op said, but about cash, would you have the same response?

My credit card was skimmed and charged $2000 in the US a couple of months ago. I blocked the card from my phone, files a dispute and the charges were reversed.

The most annoying part was updating all my linked services, but I lost no money.

If someone literally robs the bank I have an account with, I also lose no money even if they actually steal some from the physical vault.


Is there a reason you're responding to this post about cash with a corporate credit anecdote?

That's just ignorance. In crypto "little people" is literally everybody, the "currency" is run by a handful of whales (largely quasi-criminal exchanges and casino mobsters), who have a track record of colluding to manipulate the market and hike up fees. And no, you cannot vote those people out of office. How is that _any_ better?

What is the equivalent website to https://web3isgoinggreat.com for banks, and what is the relative %age lost/stolen on a daily/weekly/monthly basis? I'll bet it's WAY higher for crypto.

Crypto just has pump and dump schemes on a practically regular basis, but I guess that's completely different because the way it funnels value is slightly different.

Yes. The answer is yes, we still need a backbone.

fyi, I don't have enough karma to flag, but all comments from the user you're replying to seem to be direct chatGPT outputs, with consistent summary-detail-concluding question structure, superficial attempts to sound profound, and plenty of em dashes.

Oh, yeah. They got me. Normally I'm pretty good at finding those.

Absolutely agree.

You will meet, in your lifetime, a very small fraction of 1% of the human race. There exists, out there, thousands of people that you would form a life long bonds with of the type that many people never find. If a machine can help you with that, why is that so bad? I know it's trendy to have this cynical 'tech bro bad lol' approach to literally any intersection of society and tech, but we've been 'tech-bro'ing social relationships as society changes in response to technology for centuries now.

do you trust that this won't end up as bad or worse than what's become of social media?

I'm just confused what you think a chatbot is where it would do anything but complicate this process. It's a lot easier to confuse a recruiter than it is to go on dates.

I think those times are past us now. It's interesting how you usually only see what made some place and time special once it's no longer possible. Live in the now is the lesson, I guess!

Yes. It's a cliche but it's true. Your stuff owns you.

Calling paternosters 'common' in the West is quite a stretch. They are a curiosity where they are found precisely because there are so few.

For some reason I looked into this a couple of weeks ago, and discovered there's one in Amsterdam pretty close to where I often work, in the Grand Hotel Amrâth. It's supposedly open to the public every Sunday between 10am and 2pm. I think it's only the second time I've seen one in person, and the previous one has been demolished.

Only place I've ever come across one was Napier College, Edinburgh in the mid 1970s. I found it quite scary, and actually preferred to take the stairs. I seem to remember it was actually shut down, for undisclosed reasons.

I also used these ones in Edinburgh decades ago, and the same model at Leeds uni which was a similar vintage. The Napier one there is a story about a lecturer convincing two students it went upside down and if you tried to loop the loop you had to stand on your hands to do the transition... much hilarity when they appear upside down on the other side.

we discovered the same joke independently in Germany. loved it.

I see people saying this a lot, and I guarantee during civil rights marches people were saying the same thing. It's a cynical and jaded and not very useful viewpoint, IMO.

We shouldn't be gatekeeping the ability of the average person to publicly petition their government for a redress of grievances. That's kind of a core function of an engaged populace.


Ya, in retrospect it does read as overly cynical and yelling at clouds in a way, I agree with that point. My comment captured more than I intended, but the civil rights example pretty much seems like a defining use of the term. Specific, tangible outcome, targeted, not trite at all, connected to a real oppressive issue of the time, but I can imagine people trivializing them at the time.

While I can think of examples that I personally think are a bit silly, I'd agree it's not really a useful contribution.


There are undeniably ways in which the command economy is simply more efficient. The party can decide that in 10 years they will be world leader in this or that, put resources toward it, and accomplish that goal. That doesn't mean the Chinese way is best for everyone, and there are certainly humanitarian issues, there are inefficiencies typical of a command economy, and there are unintended consequences, (tofu dreg, etc) but it's undeniable that they're currently getting stuff done.

Yeah, more efficient in making suboptimal decisions for everyone in the country.

With freedom of thought and markets, you get competition of ideas, which ultimately selects a better solution than any central planner can plan.


This is simply and verifiably false. How much new transmission infrastructure has China built in the last 2 decades? How much renewable generation? Say what you will about competition of ideas, but when it comes to getting the big iron projects completed and objectives met China has us beat, hands down. Building and maintaining infrastructure isn't working in the US right now.

Yes, kagi has a Google maps link built in but it doesn't integrate very smoothly. It ends up linking to strange results in Google maps. I would almost prefer that kagi just integrated Google maps until the kagi maps product is mature. It's my only stumbling block using kagi

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