this post was submitted on 29 Aug 2023
723 points (100.0% liked)

Technology

37599 readers
377 users here now

A nice place to discuss rumors, happenings, innovations, and challenges in the technology sphere. We also welcome discussions on the intersections of technology and society. If it’s technological news or discussion of technology, it probably belongs here.

Remember the overriding ethos on Beehaw: Be(e) Nice. Each user you encounter here is a person, and should be treated with kindness (even if they’re wrong, or use a Linux distro you don’t like). Personal attacks will not be tolerated.

Subcommunities on Beehaw:

This community's icon was made by Aaron Schneider, under the CC-BY-NC-SA 4.0 license.

founded 2 years ago
MODERATORS
alyaza@beehaw.org
TheRtRevKaiser@beehaw.org
gyrfalcon@beehaw.org
rs5th@beehaw.org
coldredlight@beehaw.org
Los@beehaw.org
SemioticStandard@beehaw.org
TheRtRevKaiser@kbin.social
remington@beehaw.org
723
Stop using Brave Browser (www.spacebar.news)
submitted 1 year ago by whou@lemmy.ml to c/technology@beehaw.org
289 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[–] probably@beehaw.org 20 points 1 year ago (1 children)

Ha. Hu ha ha. Ha. Hahaha.

Money has value because it is an efficient medium to facilitate trade. Specific forms of money have value because of what backs it and it acts as a medium for trade. And yeah I'm sure what society really values will at some point be a money that limits the ability to deal with economic crises. Or that slowly disappears, because privacy Bob didn't believe in banks but his SSD failed, or because Crypto Karen forgot her password. Or a hacker loots an exchange.

I mean, it's not like those are fundamental problems that could bring an economy to it's knees right? But hey, at least the money has privacy (it won't) and we don't have to worry about inflation (deflation on the other hand...).

[–] LootGoblin42@beehaw.org 1 points 1 year ago (1 children)

Cryptocurrency is the most efficient money we have. It doesn't require any middle man bankers. Sure, hackers can hack and loot exchanges, but right now we have the government looting us with inflation.

The problems you mentioned are being worked on. There are ways to backup and restore your wallet that will become easy.

The global economy doesn't need to only rely on Bitcoin, so the argument that we have to worry about deflation is just wrong.