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Cake day: June 16th, 2023

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  • ___@lemm.eetoOpen Source@lemmy.mlThe Death of Decentralized Email
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    1 day ago

    That value was increased initially through usage as countries adopted ATMs and online retailers accepted bitcoin. This obviously reduced the supply due to increased demand. Then the speculators started buying it up making it even more scarce.

    It has a fixed amount. It’s normal to rise in value as it becomes more useful for either transacting, holding value, or making money through speculation. You can’t compare it to a 300 year old dollar which was unpegged from gold and has the US economy/government backing it now.

    The dollar is also manipulated, but the effects are less pronounced due to the sheer amount in circulation around the world. Some of the effects are also thrown on other economies through the Forex markets too. If bitcoin were as ubiquitous as the $, it wouldn’t be easy to manipulate either. It’s like having your own coin with only 100 physical coins in circulation. All someone has to do is buy a bunch and refuse to sell and the value rises for the uninformed.


  • ___@lemm.eetoOpen Source@lemmy.mlThe Death of Decentralized Email
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    2 days ago

    No tech is perfect. And the current bitcoin is not the same as the original client. It has been modified to allow for abuse and control. The fact that we allow this to take place is more a reflection of our governments aiming to control it than any inherent property of the currency.

    Big banks would have far less control if you couldn’t print sanctioned currency to buy as much bitcoin as they want to play with the value set by sanctioned exchanges.

    I agree that bitcoin is capitalist like most monetary bills in a free market. I disagree it’s more capitalist than what we have now. It’s just being propagandized and veiled from the underlying technology to make it seem so.


  • By design, it will slowly stop inflating at the snails pace it does vs unpegged paper currency.

    A central bank regulating where money is printed and to whom it’s distributed at what contrived rates is horrifying. It’s also the default in most of the world.

    You can trade bitcoin and use it as a currency in a non-capitalist market. The fact that it has been abused and traded into stratospheric value is a result of manipulation, sanctioned exchanges, and propaganda.

    Bitcoin just allows you to write debits and credits on a distributed, verified, ledger. That’s it really. How the market is regulated is on the people, not the technology. There is nothing inherently capitalist about the technology other than allowing any individual to trade value with another in a free market manner. You would be trying to escape supply and demand dynamics to remove that “capitalist” aspect of it.

    The power draw on the other hand… the first imagining of a digital decentralized and distributed currency was bound to have some problems.











  • Correct. Micro-ATX is the smaller version of the larger ATX and still larger EATX (extended atx). Your old case probably fits micro atx if it’s not OEM. You can populate it with a mb, cpu, ram, ssd, and power supply (don’t need more than 500w for your use case) and eventually move to a nicer case like that Node if/when you fall in love with the hobby. My Rpis are collecting dust since switching to a low power server.

    It’s a whole different experience when general advice applies to your hardware vs the Rpi ecosystem. Many more options. In 2024, ATX offers no real benefit over the smaller form factor beyond better heat management for high power builds with spaced out components.

    And a correction: node 304 supports 6HD, the 804 supports 8



  • My uncle bought a used car built in communist east Germany. He always emphasized how it was built like a tank to last. Capitalism is great and all, but it promotes waste. Companies have an incentive to make products that fail and need to be repurchased. Planned obsolescence is fine if it was only about people craving something better. As it stands, it’s more of a forced switch with breakable parts.