dro_away [none/use name]

  • 0 Posts
  • 16 Comments
Joined 2 years ago
Cake day: May 25th, 2022
  • dro_away [none/use name]tothe_dunk_tank•Logarithmic copium
    ·
    2 years ago

    I don't think that chart scale does a good job of showing the current sell off... Where it peaked around like 60k USD... Log charts suck

    The unfortunate thing is that a lot of people do and did make money on the whole scam, and most of the people left holding the bag each time it goes bust aren't going to be very open about that. I made out alright purely because buying drugs online was cool in 2013 and then the price went parabolic and I gambled a bunch on just-dice (which now appears to take some random other digital Blockchain thing called CLAMS that seems really hard to acquire lol).

  • dro_away [none/use name]tocanada•I left the US for the first time and visited Toronto. Just being outside of the US felt freeing
    ·
    2 years ago

    Counterfeit USD is really common, most of the people getting burned by having it passed to them (in the US) are sex workers and massage places that double as sex work.

    There's lots of folks who print them, some decent ones sell bills on Tor but if you want the good stuff you need to do some digging.

    I've never made it myself but I've handled it and I don't really know how people would catch it, other than the ones that repeat the same sequence of serial numbers and shit.

    Even countries with crazy security in their bills get counterfeited successfully, Australia comes to mind and while it's really rare I've seen counterfeiters make some generations of their bills.

    Ultimately, it's not a terrible idea for states to move to centrally-issued digital currencies that reuse blockchain technology. It doesn't have to be as bottlenecked as the fully decentralized ones and they can obviously reverse transactions in this scenario, and the mining isn't trustless so there's no ridiculous energy waste.

    In theory it would also enable a socialist state to crack down immediately on any financial impropriety. Citizens could even be afforded some reasonable amount of privacy by reusing elements of ring signature schemes, but eg only allow a certain $ value per person per time period to be submitted with private spend outputs. Some moving dollar amount could almost certainly be calculated that mimicks what people usually spent privately (eg with cash) today, so it doesn't freak the libertarians out too much. Anything you're paying with a bank or pay card or app today is already fair game for the state to vacuum up and analyze, so I don't think shifting to a digital currency needs to be that scary for people. USians will shit blood if it resembles the Digital Yuan though, I stand by the privacy provisions.

  • dro_away [none/use name]tothe_dunk_tank•Y’all are making $250000?
    ·
    2 years ago

    That's how I've spent the last 2 years. Dirt cheap mortgage thanks to COVID, low kWh cost from nuclear plant, 70$ fiber optic, 2 jobs, steal all food ... I've just turned 28 recently and if I play my cards right and hyperinflation doesn't occur, I might be able to retire in about 2 years.

  • dro_away [none/use name]tothe_dunk_tank•Y’all are making $250000?
    ·
    2 years ago

    I just live in a 100 year floodplain for dirt cheap but have fiber optic and work two remote jobs. Relatively easy 300k,US before taxes per year.

    But I also save literally 90,% of that because I want to stop working as soon as possible, and money is the greatest insulation from pain in a market economy. I'll probably try electoralism in the off chance it works.

  • dro_away [none/use name]tochapotraphouse•Pee
    ·
    2 years ago

    Nothing that would not have arisen, likely in a significantly better form, absent the exploitation and violence. Which is really what matters.