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Cake day: July 24th, 2023

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  • Well you brought GDP as argument, which just doesn’t have anything to do with the price of an asset. If you sell a lot and buy a lot GDP grows, but the price of that asset can still be the same at the end.

    Getting back to your initial argument:

    Since anonymity is a feature, any transactions will increase its value due to it being “used” more

    This is just plain wrong, as I could just make myself rich according to that logic… I still need to have that FIAT-money, need to exchange it (in which case I have driven the price up), but now I have less FIAT, so either I have more FIAT to further drive the price, or well I need to cash out in which case I’ll drive the price down. If I just send crypto from one (anonymous) account to another it just does… nothing to the price…




  • No, because that would be an infinite money glitch, everyone would be rich… (that uses crypto).

    It’s actually very simple basic market-economics, and independently of anonymity, you buy, you’ll drive the price up, you’ll sell, you’ll drive the price down. It’s slightly more complicated, because it involves makers (they set the price at which to sell or buy) and takers (which take the offer by the maker) and psychology (e.g. promotion on youtube to drive the price up) and obviously increasingly algorithms. But in general it’s still demand and supply, anonymity doesn’t have anything to do here apart from being more prone to scams. Take Monero as example one of the most anonym cryptos but still fairly stable (in crypto terms).

    So to drive the price up, you either have to have some kind of good promotion (which at the end is just money from someone else), or a lot of money yourself.









  • After all this text-wall, I’d be interested in your political attitude.

    Fascists don’t “concentrate” power - they are HANDED power that has ALREADY been concentrated FOR them.

    So you agree with me? I didn’t say fascists are concentrating power, but they definitely maintain it (just look at the third Reich and literally all other fascistic states). (And in reality they definitely sought after concentrating power, yet again just look at the history of the third Reich…)

    The world is much less black and white as you depict it here. True, all the (liberal) democracies to date have their flaws and at least traces of fascism (unfortunately) growing this time again. I can rant about it all day if I wanted to (but I consider that a waste of time after having wasted too much with that already).

    But (true) liberalism is not fascism, say what you want. After all, it’s about being liberal (I don’t consider our late-stage-capitalism liberal btw. capitalism is as we see right now in the US also concentrating power to the rich)…

    I consider liberalism closer to anarchism (not the capitalistic kind of course). There are obviously differences, but as being liberal has to do with personal freedom, and anarchism is about being against all forms of authority, it’s per definition closer to that than fascism.

    How it’s interpreted is a whole different story. Same with all the “communistic” kinds of states. I don’t think we ever had “real” communism, only authoritarianism with the label of “communism”.


  • Nope. We’ve been there for a long, long time now.

    To a degree yes, but the intensity changes. And I know there were times, where there was even greater inequality (e.g. Mansa Musa). Yet it’s not really comparable with the modern world, which largely relies on speculative assets, and growth.

    becomes perfectly irrelevant

    No it doesn’t, fascism is a different level than liberal establishments. Our democracies are far from perfect, but they at least have some form of control by the people, to keep power somewhat in check. Fascism is definitely concentrating on centralizing power, with the tendency to escalate (as obviously seen in the past). Also there are a lot of statistics, which show, that we were in a comparably very peaceful state for some time (since the last world war), but we’re currently getting out of that period again (though still relatively peaceful), into a more autocratic world again unfortunately.

    I’m speaking as european, where things are not (yet) that bad. The “democracy” in the USA is definitely less democratic than let’s say scandinavian democracies… And I don’t want to even begin with something like Russia or China.