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Joined 1 year ago
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Cake day: June 30th, 2023

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  • If you have enough other investments to be comfortable, don’t especially want to change retirement timeline etc. and your wife is fine with it, I’d keep it as a potential hedge against a depression that crashes the value of index funds. I would not split it between whichever small crypto projects can sell you a convincing narrative that they have ‘moon potential’ when your financial circumstances mean you don’t really need that anyway and that is specifically what would open you up to the ‘scamminess’ of crypto.


  • There has been significant growth of crypto as currency, particularly in the developing world with use of USD pegged stablecoins. It remains the only practical solution to make online transactions privately or when alternatives have been censored, potential pitfalls notwithstanding.

    Centralized control is a threat, but it’s one that is taken seriously, and by practical metrics crypto has been largely successful in defending its integrity here. Other related values measures worth looking at are credible neutrality, permissionlessness, and trustlessness, also basically areas it continues to succeed. You submit a valid transaction to a major blockchain, it’s getting included, even if powerful people would rather it wasn’t. Transactions that are illegal as per US sanctions are treated more or less equally to any other. Miners and stakers are not taking control of the money printer dial for their own enrichment. And there’s reason to think this will continue, because in a lot of ways control is a liability, and giving it up is valuable; “CEO of Bitcoin” is not a sane title to aspire to because it would make you the responsible party and valid target for all sorts of legal threats and obligations, and just having it would destroy the value of what you control.

    That said, as a means for the economic salvation of the median person like OP seems to be talking about, it was never going to do that on its own, no one who thinks honestly about it would promise that, and anyone who did is full of shit. It’s just a new type of p2p money with some cool properties, that obviously isn’t going to be enough to fix the mess that is the world’s economic and political systems.





  • “We immediately began to sink, they saw that… They heard us all screaming, and yet they still left us,” he told the BBC.

    "The first child who died was my cousin’s son… After that it was one by one. Another child, another child, then my cousin himself disappeared. By the morning seven or eight children had died.

    It replied that its staff worked “tirelessly with the utmost professionalism, a strong sense of responsibility and respect for human life and fundamental rights”, adding that they were “in full compliance with the country’s international obligations”




  • So my note was a cautionary tale, to be mindful of the balance, as opposed to the overly simplistic “work=bad (always)” mindset

    I think we’re basically in agreement then. Work definitely doesn’t have to be a bad thing. It’s just so conceptually tied up with the institution of jobs that it’s hard to know exactly what people are talking about and considering. The OP image and its responses are a little confusing to me because, not being compelled by force to do a job implies at least the option of sitting around and doing nothing, and there is a popular sentiment that is violently opposed to anyone having that option, often accompanied by arguments about work being necessary for people to have purpose, as if we can only have purpose if made to work. Also arguments like, there is work that needs to be done, so it’s only fair if everyone be made to work, and that’s the only way.


  • we need some amount of balance in our lives to help make them worth living. What we gain in comfort there, we lose in autonomy,

    Is it really inherently a reduction in autonomy to remove compulsory labor from society using automation? Why? IMO the whole, spend your life in a job and get the American Dream in exchange thing, is not really freedom and is not much of a choice, even when the work to reward ratio is favorable. Being able to actually choose how your time is spent beyond picking between various jobs which all require you to live the same general sort of on-rails lifestyle could ideally mean a lot more autonomy than we’ve ever had, and there’s no reason I can see to think the result would have to be a bland culture of Wall-E style consumerist vacationers. Our imagination of leisure is defined by its nature as a brief reprieve from working life. Why should we be limited to that, if we had space to grow past it?


  • The possibility that someone is doing it mainly because they feel they have to because of the inherent financial pressures they find themselves under seems pretty bad. It’s also bad for other jobs too, for the same reason; it is a consent issue, you aren’t really consenting if you don’t actually have a choice between the work available to you or losing housing/food/medical care etc. There’s also the more prevalent issues with potential human trafficking with sex work. I don’t think it’s really ethical to pay for it given that stuff, but maybe it could be in a society with way more guarantees and protections.