If you haven’t yet, I can really recommend reading Satoshi’s whitepaper on what Bitcoin is really for. The fact that crypto is now used as an asset to trade in order to gain ‘old’ money really spits in the face of the ideology of a decentralized ledger. And the fact that a dollar value is assigned to it means it becomes the target of a lot of scams. The fact that a decentralized ledger also means greater anonymity has made it a popular target for illicit activity as well.

But by design, it really only wants to take power away from banks in order to stop devaluation, make it impossible to charge people for transactions and to put control of assets into the hands of individuals. The amount of money currently in circulation is way more than the actual physical amount available, because banks can lend you money they don’t even have. Bitcoin would make this impossible.

It’s funny that the Dutch version is pretty close to what the English one should be: bemoei je met je eigen zaken, literally mind your own business.

Money is an IOU. Bitcoin is an IOU but the ledger is decentralized rather than in control of banks.

Once you start seeing the value of any currency as one of itself rather than trying to express it in a different value system, a Bitcoin needs nothing but its inherent worth as payment.

That said, because we all still use traditional forms of currency, a Bitcoin is now worth, say, 112000 breads. It’s worth two new mid-sized cars.

Value is based on scarcity and demand. If something is hard to come by, like bitcoin currently is, the price is hardly affected. But if demand is higher than the supply, prices skyrocket. Demand dies down the moment people feel like crypto is a scam. Supply will stop since Bitcoin has a physical limit (of the top of my head 21 billion). It is no longer realistic to start mining the stuff and receiving it for payment is just silly at this point.

But to flip it around, what is the value of a US dollar, without expressing it in terms of another currency? It used to be tied to gold. You can’t really state one dollar is equal to, say, one bread. The price of bread has fluctuated. Or, has the value of a dollar fluctuated and has a bread always been worth one pair of socks?

Baseline: everything is worth one of itself and trying to express it in another value system is just a snapshot, a moment in time which will have changed soon after.

I’ll be glad if the orange man go

Well based on the principle of compounding interest I think that number might be right. It really kind of depends on your returns every month.

His logic flaw here is that millions gamble on startups like that and hindsight is very much 20/20.

Buying stocks is kind of like sports betting for a different target audience this way.

Spend forever asleep, because life pales in comparison to living the dream

#deep

Good call, totally agree

Since Fairphone is Dutch it kinda makes sense they’d make this mistake. I suppose if you’d e-mail them about it they’d be open to making the change. They’re probably not even aware of it.

It gets more difficult if even the script is different. I once installed some Chinese app that would put the language picker in Mandarin and their symbols. I really didn’t know how to change it to anything I could understand so I’d go by all of them one by one until I found a language I understood.

It was always gonna be 2050 before it became 2000 so technically we’ve been closer to 2050 for over 25 years

Clearly you mean 52413

I didn’t realise

Getting upside down under our bed and using her sharp ass nails to move around the under side. She does this to tell us she’s hungry. At 6 AM.

Not sure what you mean by this. Are you just trying to gage some reason because it’s a German company? They made heating pads, heated blankets, stuff like that.

Houten is pretty small but Groningen, one of the the larger cities in the Netherlands, is now going in this direction. I applaud it. Now it’s just students on bikes that are dangerous. And delivery people on fatbikes or e-scooters.

Oh man, there’s this German company Beurer that makes simple equipment for medical home application. They make this sort of zapper thing, which is battery oper and it just heats the shit out of a little ceramic plate. Put that on a bug bite, it heats away the irritation. No more itch, no more venom in your body, just gone.

I am no longer careful around biting bugs. Keep in mind it’s not supposed to work for stingers.

I figured for 15 euros it’d be too bad if it doesn’t work but I now can’t imagine not having it.

I’ve since also bought a TENS/EMS machine of theirs and a laser hair removal tool is underway for my wife.

I completely trust this company based on just two products.

Portugal is a lovely country and I’ve decided to go visiting it a lot in my life. I feel more comfortable abroad if I at least kind of speak the language. English and German are no issue for me, French goes in a pinch so I’m pretty comfortable in western Europe but I’d like to be more comfortable with the Mediterranean languages. In due time I might try learning Italian as well.

I’ve been learning Portuguese for well over two years now. I think I’ve got a pretty good handle on sentence building. The grammar of verb tense is sometimes still somewhat confusing and I think I’ve got a lot of words to learn still.

But if I read posts on Lemmy in Brazilian Portuguese, I kinda get the gist of it.

There’s this FBI dude in Poker Face who also drinks milk a lot and at some point he just chugs a cup of half and half at a coffee machine.

Ah no I started at one. You can transpose my list by one and set zeven as 12.

I enjoyed the Star Wars Jedi games.