🎓 Dr. Freemo 🇳🇱 @freemo@social.cleverlibre.org

@Hyolobrika

As far as I can tell Ice is arguing that cryptos only **appear** unstable because the prices of goods in crypto adjust in real time (as in they are priced in dollars/euros and you pay via conversion). This would imply that traditional fiat is just as stable or almost as stable as crypto.

I am arguing this isnt an illusion at all, the fact that goods are priced according to USD is because people trust the USD value not to fluctuate and that trust and pricing scheme ultimately makes it stable in reality.

As for currencies that "already have prices fixed in it for goods"... that depends how. If it is a backed currency then it will be exactly or close to as stable as that which backs it. Moreover if it is simply that it is truely a fixed cost for a good (like namecoin) then the issue is simply that only a very fixed quantity and scope of goods with limited demand are priced according to it. So its stability wont approach that of something like the USD where virtually all goods of any level of demand are priced according to it.

@icedquinn @realcaseyrollins

@robryk As long as they keep intermissions out of porn then I approve of this :)

@waltercool
Agreed, i also rarely block, give lots of chances and ask them to drop it several times before i block. But even i jave my limits

i mean, they arent wrong.

#funny #humor #humour #joke @funny

@roboneko aside from being the extreme example of the species I suspect they could only do this in extremely cold weather. Probably not possible in a more normal climate

@roboneko Excellent point, I stand corrected, maybe they can keep up with us if they "train"

@realcaseyrollins Absolutely the supply of the money has an effect. What i am saying is that the effect may or may not be the dominate effect causing the value of your money to change significant. Other factors may overhwhelm this factor, particularly when supply is changing slowly (As it is with the US dollar)

@Zach777 lol oops :)

@Hyolobrika

Most arguments about money boild down to incompatible semantics, and this is one of them. But also those incompatible semantics ultimately cause very different conclusions from the same facts.

@icedquinn @realcaseyrollins

@realcaseyrollins You are assuming that the only pressure is the quantity in circulation. Even if no one mines cryptos **and** the governement stopped printing money, then the value of neither would be fixed. This counterexample shows there are other forces, many of which as significant or more so than the rate of new currency production, that effect a currencies value.

So if cryptos stop printing new cryptos, and the government prints more money but does so **very** slowly, then its reasonable to expect that crypto could go down **or** up relative to the US dollar as other effects would be more significant.

@icedquinn

It doesnt just appear less stable, it is less stable. I cant think of any metric where it could be defined as stable.

To your specific point, no far far fewer people are agreeging to and paying a stable fixed amount of crypto in any regard. The price fluctuates by large percentages and these are the values the vast majority of people can actually use the crypto for. When crypto goes down 10% overnight me and the overwhelming majority of people with crypto now have 10% less buying power than before. This isnt just an "illusion" it is quite literal and measurable.

The reason being is what you already touched on, the price of most goods is fixed stably to the USD, this makes it literally (not just an illusion) stable. The fact that USD is trusted enough to "set it and forget it" while the price in bitcoin is a live price on those same goods, assuming the store takes bitcoin at all (usually you need to convert it) is exactly why, pretty much by definition cryptocurrency is unstable, literally and measurably.

Yes a fiat will die when it doesnt have the "weight" of people using it as the measure of value.. again thats the point. If a government fails then yes its currencies value will fail. Cryptocurrency is no different, when people stop supporting a cryptocurrency (giving it weight) then it fails too in much the same way, except not being tied to the success of the government but rather the success of its people (which might make it more democratic but not necessarily more stable unless and until that support is a majority)

@realcaseyrollins

@icedquinn

The question doesnt have an answer, not a single one. There are many opinions and different answers. Though I am glad you are sharing your particular opinion.

To address your question, the price in milk in dollars or BTC is not really where the perceived instability comes from . It comes from the fact that on exchanges between any nationally recognized fiat (USD, Euros) etc and any cryptocurrency, or between any two cryptocurrencies, the exchange rate between these vary wildly, and these prices very much are "real time".

Contrast this by comparing any two nationally recognized fiat like USD to Euros against eachother and while the exchange rate does change it is many orders of magnitude more stable than against a cryptocurrency.

So the argument of instability of crypto is very much legitimate relative to traditional fiat.

@realcaseyrollins

@realcaseyrollins how do you define "stronger" and "more value"... not that i disagree per se, but that isnt an easy thing to say, especially when talking about cryptocurrencies as a whole.

They are highly volatile, for example. While that means high possibility ofmaking money it also means high possibility of loosing it. For every millionaire that invested early in ethereum there are 10,000 people who invested in a now defunct crypto.

only if they actually put the intermission the screen for an extended period of time so you could get up and make a snack and take a piss

@robryk

I think youa re using a different (though valid) definition than the author.

I think the definition the author is using here for diligence is "characterized by steady, earnest, and energetic effort"

In other words its better to work at a steady pace with a healthy amount of effort "diligence) then it is to constantly work to excess all the time (workahlism) or to not work at all (slothful).

The definition of diligence you were using however is more this one, which is a separate but equally correct one: "having or showing care and conscientiousness in one's work or duties." Which isnt really about effort or pace but rather the quality of the work.

@Cosmic

@Eris

God you are a level of stupid I havent seen in a while... The world isnt so black and white. In all liklihood yo'll have some extremist obnoxious point of view while I will be in the middle accepting half your points and disagreeing with the other half. Meanwhile you keep acting like a 8 year old with a personality disorder.

I'm sorry its so upsetting to you that someone doesnt care about something you want to discuss.. now act like an adult and move along and argue with someone who cares.

If you reply again I will just block you as the next step because you have added 0 value and just wasted time trying to start an argument that I couldnt care less about.

Say something interesting and insightful next time we cross paths and ill be happy to care.

@waltercool

@Eris

> I wonder why you find that "ininteresting"
Maybe because the obvious reality negates your viewpoint, and you can't handle that.

Nope. I never said I disagreed with you, in fact now for the 4th time I've explicitly told you I am not asserting if i agree or not. I already told you why, because its the same stupid argument you and half of the more annoying half of the fediverse constantly want to debate.. its old, its boring, and its been done to death. Its uninteresting because you wont (and so far have not) say anything new.

@waltercool

@herag I should have done two versions of yes, one for theater and one for movies. I suspect anyone who has been to any theater has had an intermission but there are very few movies with intermissions outside of some classical ones.

@Cosmic hahaha I see what you did there :)