• 3 Posts
  • 32 Comments
Joined 1 year ago
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Cake day: June 21st, 2023

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  • This video has seemingly no sources for its claims.

    It’s just an introductory video. The references are in her book. I counted around 300.

    Lyn Alden is part of “Ego Death Capital”, a venture capital company around cryptocurrencies (https://egodeath.capital/team)

    Only Bitcoin. Bitcoin is not any crypto or altcoin, which I agree most are scams.

    Lyn Alden is the Board Director of Swan Bitcoin - a Bitcoin investment platform (https://www.swanbitcoin.com/alden/) Lyn Alden is not an economist (https://www.lynalden.com/about-lyn-alden/)

    Who are you expecting to make a video about the failure of the current system? A banker?

    Bitcoin cannot be diluted (~27:25) REALITY CHECK: Bitcoin is always being diluted until it reaches its hard limit.

    What she obviously means is that nobody can delute it. It creates new money at a mathematically determined rate.

    The value of Bitcoin has only increased over time (~27:50) REALITY CHECK: The log scale is playing tricks. A linear graph would show how volatile Bitcoin has truly been.

    She doesn’t say that. She says bigger highs and bigger lows, which is true. That doesn’t mean it always increases.

    Bitcoin’s hard limit is likely very dangerous for the network (~29:00): Once the hard limit is reached, it is unclear if people will keep >pumping computing power at it. If the creation of new Bitcoin is no longer allowed, it is possible that transaction fees will need to >be raised to compensate miners.

    Dont worry, it will happen in 2140.

    And of course is Bitcoin propaganda, and more of this quality is needed.





  • Amazing but more usual that one might think, it’s the same anger you can see in people that identity themselves with some other fictions like religion, nationalism, football teams, ideology, race, etc. When watching a movie you kind of temporarily turn off your disbelief to experience joy, sadness, anxiety etc but when the movie is over the healthy behavior is the recognition that everything was an acting. But with the fictions that I just described somehow the disbelief is never turned on, the critical thinking is canceled.




  • corvus@lemmy.mltoMemes@lemmy.mlBlockchain: the wave of the future
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    5 months ago

    With all the information available at your fingertips being ignorant is a choice.

    “this parallel financial system can also serve a tangible social good, offering an onramp to the financial system for people who would otherwise be left out. In countries where the vast majority of the population is unbanked, national currencies are no longer a safe store of value, remittances comprise a hefty portion of GDP, and international sanctions complicate connections to the global economy, a virtual currency that doesn’t require an intermediary to approve transactions can be a vital lifeline for survival”

    Bitcoin is poised to blow up Africa’s $86 billion banking system







  • corvus@lemmy.mltoPrivacy@lemmy.mlBest place to keep cripto
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    5 months ago

    The coins are on the blockchain, what you save in a wallet are the keys to access them.

    Contrary to the common believe you don’t need a hardware wallet to keep your keys safe, what you really need is a air gapped or cold storage and you can achieve this in many ways. I found that one of the best ways to do it is grabbing an old phone and following this guide

    https://medium.com/@fbonomi/a-bitcoin-cold-wallet-based-on-qr-codes-e8c130b3181f

    Tldr: install the wallet and never connect the phone to the internet again and use QR codes to sign transactions using the camera. Super practical, cheap, truly air gapped and doesn’t attract attention like a hardware wallet. Additionally I would disable the wallet app when you don’t use it, so the wallet will not be visible in case someone else grabs the phone (you can do this by installing the app as a system app using adb). And don’t forget to save the seeds of the wallet in safe place and always use fully FOSS wallets like electrum.








  • corvus@lemmy.mltoLinux@lemmy.mlWhich is better: Linux or GNU/Linux
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    9 months ago

    Unfortunately for them this means that 99.99% of the Linux distributions out there do not qualify as >GNU/Linux, even the ones like Debian, Red Hat, or Ubuntu that did adopt the GNU/Linux name >scheme, because they all host, promote, or allow users access to non-free software in some way.

    You are totally confused. In words of R. Stallman:

    “The kernel is an essential part of an operating system, but useless by itself; it can only function in the context of a complete operating system. Linux is normally used in combination with the GNU operating system: the whole system is basically GNU with Linux added, or GNU/Linux. All the so-called “Linux” distributions are really distributions of GNU/Linux”.

    “Today there are many different variants of the GNU/Linux system (often called “distros”). Most of them include nonfree programs”.

    https://www.gnu.org/gnu/linux-and-gnu.html