You want just a fatty wad of cash, and for tellers to sit there counting change or what?
Or maybe a CBDC, so they can inflate it even more, giving out your purchasing power like like its a political football?
You want just a fatty wad of cash, and for tellers to sit there counting change or what?
Or maybe a CBDC, so they can inflate it even more, giving out your purchasing power like like its a political football?
Do you think credit cards are ideal? People happily pay a 4% fee to Visa to buy something at the store, yet you think a spot convert is going to be the death knell?
As well as the deflation of their currency, as the currency increases at around 10% a year, as you’re praying that a CPI that does hedonic adjustments and substitutions maintains your standard of living; as we go from free range to factory farms, and housing appreciation is excluded entirety.
Maybe it wont be bitcoin, maybe it will be fractional shares, or spot convert gold, but I am definitely waiting for the day when I can hold 0$ in cash. I’m already near 0, but I’d like to replace it entirely.
It’s objectively more private, if you take your own bias out of the equation. Monero doesn’t get much use however, its not very popular but it is private.
Wikimedia is even using php still. Firefox created Rust I believe, in order to advance.
Sorry, why are they greedy?
Oh cool, thanks.
Its interesting they don’t have all the services Proton does. I’d pay them for a email and VPN combo.
I think its because deflation is when the money supply is contracting and less debt is being created, so asset values begin to be valued at their actual value instead of their inflated nominal value, and people are no longer encouraged to attain the cantillon effect that drives up asset values.
Which an inflated nominal value then causes more consumption via the wealth effect, and the misallocation of capital known as the business cycle, that requires bailouts via money printing in order to debase people on fixed income which provides riskier debt issuance and more innovation.
Stronghold Defense mod is amazing. It’s basically a base defense game against hundreds of enemies parading towards you, with custom weapons and power ups.
Well I mentioned France, who are using nuclear as a backup to the rewables they implemented.
This study disagrees after taking into account storage.
https://advisoranalyst.com/2023/05/11/bofa-the-nuclear-necessity.html/
Storage and production of renewables is also done by shipping in Chinese products created burning coal and ignoring environmental concerns. This all hinges on exporting emissions and labor to areas that don’t care about pollution.
I’d also argue that nuclear tech can likely proceed faster than storage, given the dangerous nature of energy storage. Even something as basic as storing water can cause deaths given what happens when dams break, stored energy is volatile by nature.
Well wind farms won’t help, if you need 100% reliability. Storage I figured was more expensive than nuclear after adding all the costs together, creating enough hydro for backup is extremely expensive as well.
You’re essentially building a hydro power plant, water storage, pumps, and wind turbine at that point.
Why do you need to force industrial users off during the day, and how do you decommission your backup nuclear power with intermittent wind, when all you did was move from 100% uptime nuclear to variable uptime wind and solar?
I’m just saying if you really want to be green you’re building nuclear.
Making room for the intermittent nature of solar imposes upon the grid a large cost for backup power, adding to the levelized cost of electricity, yet this cost is never ascribed to the cost of the solar panel. The more solar you have the more idle backup power you need.
https://en.wikipedia.org/wiki/Levelized_cost_of_electricity
In France 70% of their power came from nuclear and they added renewables, they then need to throttle the nuclear power plants which is not an easy task, and they then make less money and require tax funded bailouts.
Well I mean for corporate use. Everything you use will be through a web browser and all the data will be stored on corporate servers.
It will all be Chromebooks and software as a service by then. Unless you work as a SaaS vendor, then it will be automatically orchestrating docker containers.
Well its still early days, Biden was very against Crypto, so point of sales systems couldnt provide it. Companies like Square are now working on it, so you will be able to use it; or any form of cash you want, or fractional shares and gold etf.
Maybe all currencies will just be forced to compete on inflation one day, and everyone will use the one with the lowest annual growth in new supply.