Something on cryptos would be good - especially with Matt’s background writing on the banking industry.
I’ve put off getting into cryptos, at my loss so far, because there are parts of it that don’t make sense to me, and I mean this not so much in how they work but what is “really” going on and what will happen to them. People talk about …
Something on cryptos would be good - especially with Matt’s background writing on the banking industry.
I’ve put off getting into cryptos, at my loss so far, because there are parts of it that don’t make sense to me, and I mean this not so much in how they work but what is “really” going on and what will happen to them. People talk about how one of Bitcoins strengths is there will only be a finite amount mined - yet it can be infinitely divided? It is anonymous, yet ... it isn’t. And the we can move toward the more suspect/conspiratorial - how are governments going to reign them in and who will benefit by the method, was it really created by some anonymous player, who really is holding the wealth and is it just a transfer scheme, etc. (I’m kind of liking “suspect” for “conspiracy theories” that are grounded in reality and the actual lies the public is told. “It’s not a conspiracy theory, it’s a suspect theory - I know the lizard people aren’t controlling the world, but damnit the CIA has lied since it’s inception.”)
My issue with crypto is the amount of processing power, energy resource required to "mine" it. At bottom it seems as exploitative as any other currency. Unless something major has happened to mitigate that, but I have not heard of it yet.
Government takes over all Utilities, land and food hires everyone to work for it, and simply issues EBT cards with the same income for all. The ultimate equality and political perfection.
Something on cryptos would be good - especially with Matt’s background writing on the banking industry.
I’ve put off getting into cryptos, at my loss so far, because there are parts of it that don’t make sense to me, and I mean this not so much in how they work but what is “really” going on and what will happen to them. People talk about how one of Bitcoins strengths is there will only be a finite amount mined - yet it can be infinitely divided? It is anonymous, yet ... it isn’t. And the we can move toward the more suspect/conspiratorial - how are governments going to reign them in and who will benefit by the method, was it really created by some anonymous player, who really is holding the wealth and is it just a transfer scheme, etc. (I’m kind of liking “suspect” for “conspiracy theories” that are grounded in reality and the actual lies the public is told. “It’s not a conspiracy theory, it’s a suspect theory - I know the lizard people aren’t controlling the world, but damnit the CIA has lied since it’s inception.”)
Frankly I think it is a a scam .....
My issue with crypto is the amount of processing power, energy resource required to "mine" it. At bottom it seems as exploitative as any other currency. Unless something major has happened to mitigate that, but I have not heard of it yet.
Government takes over all Utilities, land and food hires everyone to work for it, and simply issues EBT cards with the same income for all. The ultimate equality and political perfection.