Matty Roses

That’s just FOREX with extra steps?

If Russia controls the entire supply of Bitcoin (which is what you’re saying) then why would anyone with USD want to buy it? At that point, being owned by Russia entirely, it’s just a Russian currency.

The whole supposed attraction of Bitcoin is that it’s not a government currency, and the supply isn’t controlled by a central bank. Ethereum has additional uses to that, but that’s still one of the prime factors as well.

The government you’re talking about can print money at will.

Again, why?

Sure, there’s a large network advantage.

But here you’re talking about a hypothetical where, for some reason, a major government has bought up all blockchain tokens and won’t release them. So nobody’s on the original one anyways.

The price goes up as you buy it.

You could attempt to corner the market, but in doing so, you’re also going to be massively enriching the current holders.

What point would taking the entire supply do - especially since you can easily just start another blockchain?

How is buying the asset fucking with the supply?

If you mean hoarding it, that’s pretty much all Bitcoin is good for.

https://bread.coop/

Fiat has value because the government demands taxes in it. If you don’t pay your taxes, they put you in jail.

That’s the point of crypto - unless you can alter 51% of the blockchain, you can’t.

yeah, the cryptoleftists community has found some decent actual use

Worked as an American consultant for the Dutch government in IT, can confirm this absolutely. It’s a case of finding private companies to funnel money to instead of actually creating capacity, all because of the incorrect illusion that the private sector is magically efficient.

My unofficial advice to my colleagues while leaving my posting was “stop hiring people like me. Spend the money on developing good internal devs”.

Graphene and e/OS exist.

Problem with Graphene is the limitation of hardware to Pixel due to manufacturers.

e/OS is good, but the missing killer app for me is contactless payment. Which brings Europe back to the Visa/MC problem. Digital Euro could fix this.

heh yeah, Lemmy gives me old phpBB vibes sometimes

Exactly. It’s like people that move to Bluesky, which is under private control, and then are shocked when abuses start there.

The problem is exactly that social spaces shouldn’t be privately owned and a source of profit. Until you address that, the slop hellsites will always wind up that way.

Yeah, people seeing pictures of children being killed in a genocide and reacting badly is obviously just a conspiracy!

the equivalent of going to rancher’s market

A few more bugs, way less poison?

I mean, the proletarinization of the petit bourgeois isn’t exactly something nobody predicted . . .

I think the Digital Euro is going to be a better idea long term - taking off the hidden tax of payment processor fees is going to make businesses and people richer.

You misspelled Mossad there

and the obvious foreign control

Yeah, there’s no need for this disproven conspiracy theory. Trump is 100% American, which is why they voted him in again. He’s just the version too stupid to not say the things out loud.