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Joined 2 years ago
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Cake day: July 1st, 2023

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  • Thanks for that. I am not suggesting it need to be directly tangible like the gold standard, but something ostensibly public (perhaps embedded into an international economic alliance) that is directly ties to ownership of a secure portfolio of investments across a variety of intrinsically valuable staples or otherwise being carefully managed by skilled investors.

    Think 401K, and the bond market, but without being subject to the whims of national foreign policy.

    Crypto regardless of how impenetrable it is technologically, if it’s inevitably controlled by unethical actors, it’s still worse for the world and not a safe investment to recommend. And like everything else, tangible or untangable, it’s value is still subject to market interest, i.e. as you say, people agreeing to pay for it assuming others will buy it off them in the future.



  • You’re not really selling it for me, which I guess is the point aye? 😂

    What I imagine as ideal is an open-source and transparent bank and payment system that issues its own currency backed by ties to its investment portfolio that is properly regulated by its host country. i.e. you would use their currency to trade among others on the platform according to the percentage value of their portfolio that you own as measured by the currency to which you which to convert your holdings for a given purchase. You could select different tiers of risk if you’d like your “savings” to grow in value over time but experience potential dips or even loss of value if there is major market stability.

    I am not an expert on such things, but this at least has real links to tangible asset worth, and isn’t based on the artificial scarcity of an increasingly unsolvable math problem.





  • I would have much preferred a connections Republican party over what we got.

    If revolutions bring ultimately successful, examples?

    I know there are some, with the obvious one being the American Civil War that ended slavery. But, wars come with an intense cost to human life, and sounds be a list resort. Precisely because most around the world have not been successful, and have lead to things like military rule.









  • ynthrepic@lemmy.worldtoMemes@lemmy.ml"We're totally different sides!"
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    2 months ago

    We may have got here eventually anyway, but things are a lot worse for Americans right now because of Trump’s Republicans. Let’s not lose sight of that when complaining about the shit they have in common.

    There’s also nobody who might emerge out of the right who would bring something that will make life for everyone better. Only the Democrats have a chance of doing that and engineering a better system that might eventuallyundermine their own political hegemony. Would they without pressure? Of course not. But the right will never even be pressured to do anything like that intentionally by it’s base, almost by definition basically.