:kind-vladimir-ilyich:
Articles salivating about the balkanization of Russia and China are practically a whole genre of opeds but people are losing their shit now that Medvedev wrote one of his own.
I can’t believe Medvedev made one meme thread (dare I say satire?) about the absurd predictions of Western journalism and now dumbasses across the internet are like “wow so true”
It's completely feasible to read this as unironic and sincere. Not because of any beliefs Medvedev holds, but because This Kind Of Internet Guy retails at a dime for a dozen.
Umm we can't do that even though we love to accuse of them treason cuz by killing them we become authoritarian tankie state :liberalism:
Your daily reminder that Americans who support this are traitors
Sun was born in China and is a citizen of Grenada
Americans unironically believe that anyone in the world can be a traitor to America
Crypto isn't fiat currency? Isn't the whole point of bitcoin is that there is a limited amount possible?
it is a fiat since it isnt backed by a commodity. traditional fiat is backed by the state that issues it but crypto is issued by an algorithm without the backing of a military. all fiats' values are maintained through market activity, but btc doesnt have a military to enforce trade, so its subject to more volatility. no regulations mean no armed people will enforce the nonexistent regulations, meaning the value of a crypto coin is subject only to markets which change daily. this will mean bull markets are insane while crashes are historically devastating. currently we're staring down the edge of a cliff, waiting for that final push. once crypto crashes so many other markets will follow, and the more crypto grows, the worse the crash will be. the "crash" we have seen recently in the crypto market was significant but its shockwaves are still reverberating, get ready for other markets to dip, as many already have begun. i wouldnt be surprised if btc is brought down to $1k in a year
good point! when i wrote my comment i couldnt think of a commodity crypto is tied to so i described it as fiat. but ur right that its manufactured scarcity makes it more like traditional money than fiat. but the commodity its tied to is so abstracted that its hard to pin, id say its energy. "gas" prices represent the price for mining (computer components are overhead and insignificant in the long-term). so crypto is a commodity currency tied to oil and gas.
brb creating my own crypto that I issue instead of mining or whatever other chicanery. idk why it would be cryptographic or on the blockchain, it would just be a ledger of debt.
I love watching the bourgeoisie and the petite bourgeoisie at each other's throats. Someone made the comparison to the mad dash for capital in the collapse of the Soviet Union and it seems pretty on point. I think pretty much everyone sees the writing on the wall except for the most head-in-the-sand libs.
Newsflash Ivan: The Bretton Woods system collapsed a half century ago when Nixon took us off the gold standard.
Fun fact: this happened because the US spent like a drunken sailor on war, and other nations got nervous the US didn't have the gold it swore up and down it had. So France loaded up a warship with US dollars and sailed it to the East Coast, demanding the gold they were due. Nixon promptly reneged.
