• ssj2marx@lemmy.ml
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        1 month ago

        If uber had simply been an app that handled payment and calling for service, it would have been a panacea to almost all of the problems taxis used to have. Unfortunately they also took the opportunity to screw over their drivers and now that they seem unstoppable they’re taking the opportunity to screw over their customers too.

        • IsThisAnAI@lemmy.world
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          1 month ago

          No. The can industry still sucks ass today, even with the apps. They are all independent with little accountability. Uber fixed that and forced those fuckers out of their service. Uber is just a flat out better service.

        • Cryophilia@lemmy.world
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          1 month ago

          Uber needed a HUGE pool of labor to draw on for its success, traditional cab companies couldn’t handle it even if they weren’t fucking scummy.

          I hate Uber but I’m not crying for the cab industry. Fuck those guys too.

          • ssj2marx@lemmy.ml
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            1 month ago

            But its success is based on taking jobs that at least had living wages attached to them and replacing them with jobs that are ultra-precarious. The proliferation of jobs like driving for uber is one of if not the most pressing issue with the economy today, where people are employed but they’re not being paid enough.

    • SpaceCowboy@lemmy.ca
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      1 month ago

      Uber is also scum tho. Seems there’s always going to be something dodgy about getting into cars with random strangers.

      • IsThisAnAI@lemmy.world
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        1 month ago

        Uber, even today has a FAR higher success rate with my personally. Even two weeks ago I had a driver telling me his card reader wasn’t working until it magically did when I started threatening to simply not pay and walk away. This has happened to me multiple times even with my reduced cab rate.

        The worst I’ve ever dealt with in Uber is waiting and cancelled pickup despite using it far more often.

        • FMT99@lemmy.world
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          1 month ago

          The problem isn’t the user experience, same as with Amazon, it’s the abusive relationship the company has with its employees. That it deliberately tries to avoid labor laws that protect workers via legal technicalities.

    • GreyEyedGhost@lemmy.ca
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      1 month ago

      I can only imagine he means American currency, and the anti-counterfeiting technology embedded in it. It’s the most popular currency in the world.

      Oh, bitcoin? The accounting package that requires the power of a small nation to maintain it? Well, I guess that works, too.

      • Victoria Antoinette @lemmy.world
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        1 month ago

        the bitcoin blockchain doesn’t require all that power. nothing about the code dictates that. it’s a social phenomenon, just like the markets.

        • GreyEyedGhost@lemmy.ca
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          1 month ago

          Okay, “maintain” isn’t the right word, but the mining process is designed that way and it’s baked into the whole currency. Actual work could have been done, but instead we burned it all for imaginary money (which isn’t much different from fiat currency).

        • Knock_Knock_Lemmy_In@lemmy.world
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          1 month ago

          The bitcoin blockchain requires more power than any other blockchain while providing less features.

          The only outstanding feature of bitcoin is it’s price.

          • Victoria Antoinette @lemmy.world
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            1 month ago

            the bitcoin blockchain doesn’t require any power. any miner can stop, the blockchain would have less power, and still continue to function.

            • Knock_Knock_Lemmy_In@lemmy.world
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              1 month ago

              The bitcoin blockchain doesn’t require any power.

              Yes. It does. No transaction can occur without proof of work being performed.

              any miner can stop, the blockchain would have less power, and still continue to function.

              Marginally less power, but nowhere near the reduction needed to compete with a PoS blockchain.

              For example Ethereum PoS uses 2,600 MWh per year (= a single 1MW windfarm). Bitcoin uses 53,000x more energy than Ethereum.

                • Knock_Knock_Lemmy_In@lemmy.world
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                  1 month ago

                  the whole network could be run on two raspberry pis.

                  No. Then someone would buy 3 raspberry pis and claim all the bitcoin.

                  Bitcoin was a great idea in 2008 but in 2024 it has been overshadowed by other blockchains in every single dimension except for market cap.

        • JackbyDev@programming.dev
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          1 month ago

          Regardless of your personal opinions about cryptocurrency, that is absolutely what this post is referring to by saying fake money for criminal.

        • BradleyUffner@lemmy.world
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          1 month ago

          They only “use it” to transfer the funds. Once they have it, they cash it in. No criminal is keeping it in crypto form. They use it the same way they use Apple gift cards.

            • BradleyUffner@lemmy.world
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              1 month ago

              An easy way to tell if it’s “real” money or not is to see if goods are ever priced directly in it, where it isn’t just directly indexed to the exchange rate of an established currency.

              Hint: Even places that accept crypto payments don’t do this. The crypto price fluctuates based on the moment by moment exchange rate to the local currency.

              • Victoria Antoinette @lemmy.world
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                1 month ago

                sumerians denoted everything in silver shillings, but trade was done will all manner of commodities, including barley grains. your theory of money sounds like it comes from the Adam Smith cult.

                • hark@lemmy.world
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                  1 month ago

                  Are barley grains a currency? I’m not understanding your argument here. In a practical sense, cryptocurrencies are far too volatile to use as a currency and the “stable” coins are tied to things like the US dollar. Well, I should say allegedly tied because “stable” coins like tether haven’t been audited to actually prove it’s tied to the underlying.

              • Victoria Antoinette @lemmy.world
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                1 month ago

                tally sticks denoted debt in Britain, and were used directly as money out of convenience, but they were themselves denoted in roman currency iirc.

                • Rekorse@lemmy.dbzer0.com
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                  1 month ago

                  Can I ask what the point of arguing semantics here is?

                  Maybe you have put in the effort to figure out all the avenues to use bitcoin to pay for things, but its not easy and you sound more like a drug addict scrounging for metal and bottles, and then wondering why noone else is interested in your hustle.

                  Why do you care if people call bitcoin real or not anyways? For most people its not real, for you I guess it is, does that make sense?

        • s_s@lemm.ee
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          1 month ago

          If you’re “invested” in cryptogoboligook and you’re not ripping someone off–guess what?–you’re the mark.

          Regardless, you can generally use money to buy things.

          You can’t buy anything with crypto because it’s 15 years later, and “mass adoption” is never happening. It’s “fake money”.

            • oatscoop@midwest.social
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              1 month ago

              Crypto is an un-backed and unregulated security – the value of which fluctuates wildly. Turns out most people don’t like being paid in something that can drastically lose value in the span of hours.

              The few people and institutions that accept crypto as payment either immediately convert it back into real money or are “investors” treating it like the security it actually is.

                • oatscoop@midwest.social
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                  1 month ago

                  “unbacked”

                  I’m assuming those quotes are referring to fiat currency. Faith in the solvency of the issuing government, widely agreed upon exchange rates, and regulated prices of goods are all forms of backing. Sure: you can argue that’s “not enough” but crypto “currencies” don’t even have that. Hence why their values fluctuate by the minute – which defeats the entire purpose of “money”.

                  unregulated

                  … government controlled central banks and entire bodies of law exist to do just that. Nobody is regulating crypto.

            • s_s@lemm.ee
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              1 month ago

              People certainly don’t treat crypto like money.

              And I suppose that’s where our conversation has to stop because you’ve now outed yourself as willing to say any outlandish thing to support crypto.

              Because I do not believe you can actually think that.

            • Pratai@lemmy.world
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              1 month ago

              The only ones that treat it as money are in on it. Otherwise, you could go to a Best Buy and get a TV with your crypto-card.

        • bc93@lemmy.world
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          1 month ago

          Money refers to some token which is commonly accepted as a form of payment for goods and services and for the repayment of debts. In some contexts - dark web marketplaces, for example - certain cryptocurrencies such as Bitcoin and Monero are money. In the context of the physical world, generally cryptocurrency isn’t considered to be money, but rather a security - a tradable financial asset, but not a form of directly usable money - the asset has to be exchanged for e.g. USD to be spent.

          In this way, cryptocurrency is a bit like WoW gold. I can’t pay for my rent with it, and I can’t really buy any physical property with it, so it’s not money in that context, but in Azeroth, it’s money. I might be able to exchange my digital asset for real money or physical assets, but only in black markets.

          Hope this helps

        • SpaceCowboy@lemmy.ca
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          1 month ago

          With real money you can take out a loan. Kinda the whole point of money, it represents value that is owed.

          While crypto loans would be technically possible it would be a foolish thing to do since it’s effectively a short on something that could increase in value. Real money has a small but steady (well, ideally) inflation so you can be confident in taking out a loan and not having to worry about the currency doing something crazy like doubling in value resulting in you owing double the value than you initially borrowed. This is not the case for crypto so it’s simply not a viable currency for financing anything.

          Since it’s not viable for financing, it’s not a real currency and never will be. Like is someone supposed to take out a business loan in real currency, convert it to crypto, pay someone else who would then have to convert it back to real money so they can pay back their loan? Why would people want to do all of these conversions back and forth to and from crypto? Because they like the risk of the value dropping for the brief time they’re holding onto it?

  • 58008@lemmy.world
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    1 month ago

    Anonymous and untraceable internet traffic tool for paedophiles, data thieves and occasionally a journalist living under an oppressive regime. But mainly paedophiles.

  • ComradeSharkfucker@lemmy.ml
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    1 month ago

    Fake money for criminals only because it was useful for me when I wanted to buy drugs while living in a place with little access to them

    • littleblue✨@lemmy.world
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      1 month ago

      It’s especially funny since criminal enterprises have used “legal” currency since its invention. It’s almost like criminals are gonna criminal, regardless of the “tender”. 🤌🏽

      • ComradeSharkfucker@lemmy.ml
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        1 month ago

        The weed and lsd were to this day the best I have had too. I don’t love crypto currencies for many many reasons but it has been years and I still think about those trips

        • Laser@feddit.de
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          1 month ago

          Cryptocurrency with Tor has unironically done more for drug safety than most administrations worldwide. I hate the framing “fake money for criminals” because while there are despicable crimes, not all of them use cryptocurrency, in fact USD was the most common last time I checked, OTOH what constitutes a criminal can be an arbitrary rule. Woman in Texas having an abortion paying with crypto? Fits the definition but I’m not sure people here would condemn it.

          I’m not happy with how cryptocurrency turned out with the huge speculational bubble, NFTs, not even a huge fan of smart contracts but I think the idea of a decentralized and maybe even anonymous ledger is very much in the spirit of the fediverse.

          • Zealousideal_Fox900@lemmy.world
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            1 month ago

            Crypto massively helped me when the banks wanted 45 bucks for an international transfer for my buddy to send me money for something I made him. Fuck banks

          • littleblue✨@lemmy.world
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            1 month ago

            That’s not even touching on the glaring fact that this anti-crypto sentiment is propped up by those who stand to benefit from downplaying its utility - until they’ve got all their plans ready to fire, of course. The same is true of cannabis these days, and (for those that read) was the same for alcohol only a little while ago, and tobacco before that. There is nothing in this current timeline that will be allowed to attack the economic power dynamic, much less correct it. This hype is as much a pre-packaged and deftly engineered product as the military-sports complex is, but where is the conversation on that, citizens? 🤷🏽‍♂️

          • MindTraveller@lemmy.ca
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            1 month ago

            I’m gonna pile on the “not happy” side with environmental concerns. You see, with Bitcoin, if crypto mining was as easy as just verifying the next block in the chain, it would be easy and the market would flood. You’d have hyperinflation. The system controls the rate at which new bitcoins are minted by artificially increasing the computational difficulty of the problem. And the end result is that crypto mining intentionally wastes power output comparable to that of a country.

            • sep@lemmy.world
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              1 month ago

              Calling hashing “mining” was probably the most stupid thing in bitcoin. Since it have nothing to do with minting new coins. It is tru that miners get a bonus in addition to the fees of the block when successful. But that bonus is reduced regularly and will eventually go away.
              The power consumption used by hashing became quickly insane by companies chaseing a quick buck.

            • Victoria Antoinette @lemmy.world
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              1 month ago

              the whole Blockchain could be run by two raspberry pis, and the cap is still limited to 21million. I suspect you don’t know what you’re talking about

  • phoenixz@lemmy.ca
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    1 month ago

    Well yeah but… Fake money, is “real” money real? The support structures behind bitcoin and dollars or euros are different and both have positive and negative aspects. All in all bitcoin is worse, mainly for the power usage, but if it comes to ease and speed of transfer for the average user bitcoin rules. I guess we can mostly thank banks for that.

      • phoenixz@lemmy.ca
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        1 month ago

        Well… Partially. It could be so much more than just nerd investment gambling and criminal money, but the technology is just fundamentally too flawed for that.

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            1 month ago

            I’m referring to all blockchain based ones. Block chain, by design, is beyond extremely inefficient

    • DarkCloud@lemmy.world
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      1 month ago

      I’m happier about being able to buy drugs on the dark web than I am about giftcards, even though they’re conceptually related (eg. both “fake money”).

      • phoenixz@lemmy.ca
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        1 month ago

        You should have to go to the “dark web” to buy drugs, unless it’s highly destructive like meth

        (on a side note, I hate that dark wev name, it implies something evil, it implies that only hackers can get there, its just sites you won’t regularly find on Google, or different places like telegram channels)

    • Obi@sopuli.xyz
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      1 month ago

      Only really true in some countries. In the Netherlands you can extremely easily and instantly transfer money from one account to another (even at another bank) for free, using simply their IBAN. There’s also apps for convenient stuff like requesting a small payment by generating a link or splitting the restaurant bill, etc. Again all working directly with your real bank account.

      In France you need to physically go to your bank’s branch, prove your identity via 4 different pieces of ID, write a physical check, sacrifice a goat to the overlords, and then the transfer will get there in a couple of weeks.

    • ssj2marx@lemmy.ml
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      1 month ago

      If anything makes money “real”, it’s the social contract behind it - “use this to pay your taxes or else” gives the dollar weight that no cryptocurrency can claim. That’s why they’re more accurately described as securities rather than currencies.

      • phoenixz@lemmy.ca
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        1 month ago

        Of course, but in the end they both rely on a social contract. Bitcoin is worth x amount because that’s what people are willing to pay for it

      • iopq@lemmy.world
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        1 month ago

        Okay, but national currencies failed before because people would keep dollars and just convert at the time when they need to pay taxes

        Source: I still remember the Soviet ruble collapse and hyperinflation

        • ssj2marx@lemmy.ml
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          1 month ago

          Do you mean the Russian ruble? The Soviet Ruble was pretty stable during it’s existence.

    • explodicle@sh.itjust.works
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      1 month ago

      This raises the question of how much pollution is created by the dollar in the form of increased consumption from shortened time preferences. The dollar inflates to encourage people to spend more now instead of save, so that the economy gets bigger.

      • phoenixz@lemmy.ca
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        1 month ago

        Well yeah, but that you can potentially also do with crypto, I’d say that is a whole other level on top of currencies

      • Churbleyimyam@lemm.ee
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        1 month ago

        Man it’s so brutal when you think about it like that. Inflation is theft by the back door.

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            1 month ago

            That’s not how it works. When you invest into the stock market, it actually beats inflation in the long run. So inflation doesn’t actually make me spend any more money than I would otherwise, since investing it would still later improve my buying power even more

            • Churbleyimyam@lemm.ee
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              30 days ago

              You mean that investing in the stock market is a hedge against inflation? I can’t argue with that. But not everyone has money to invest in the stock market after rent, bills, food etc. Unless your wages/benefits rise in line with inflation or you have money to spare, you basically only have the option of buying worse stuff or simply going without it.

  • 737@lemmy.blahaj.zone
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    1 month ago

    fake money for criminals is just money in general, at least some crypto currencies don’t allow for tracking

    • UnderpantsWeevil@lemmy.world
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      1 month ago

      at least some crypto currencies don’t allow for tracking

      The blockchain explicitly tracks transactions between wallets.

    • Jiggle_Physics@lemmy.world
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      1 month ago

      The problem is that, as something that is used first and foremost as a speculation vehicle, crypto can’t really be a true currency replacement. The amount of deflation, and instability, crypto see, due to the design, basically prevents it from ever being a true replacement for contemporary money.

      Now, having a block chain credit system that’s availability is not derived in the way that current crypto is could very well be one. Just not what we are being offered now.

      • UnderpantsWeevil@lemmy.world
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        1 month ago

        crypto can’t really be a true currency replacement

        Its been increasingly popular among the unbanked, as it grants a lot of the functions of the modern financial system at a marginally lower cost than check cashing companies and payday lenders without requiring the participant to be considered “credit worthy” by the transacting institution.

        You can have a digital wallet and make digital transactions and you don’t need to carry a giant wade of cash on you all the time, even if a traditional financial institution wouldn’t touch you. That’s a boon for crooks, sure. Its also a boon for people working in the gray market - migrant laborers sending money home to family, state-legal pot/mushroom dealers who don’t have federal sanction and can’t use normal banks, gig workers and other contractors, international workers and businesses needing a universal currency to trade against. And its a boon for the working poor, particularly folks who don’t have a physical bank nearby.

        Because the currency has material benefits for the unbanked (and therefore legally vulnerable) population, it becomes a popular place to ply scams and grifts and other dirty financial tricks precisely because you know the people you’re fleecing will have no legal recourse after the fact. But that’s the parasitic nature of second class citizenship.

        You’re not vulnerable because you’re using crypto nearly so much as you’re vulnerable because you’re denied access to traditional banks and courts.

        • SupahRevs@lemmy.world
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          30 days ago

          So it is a replacement for Western Union. Not a bad thing if it’s helping people transfer money without a middle man taking too much.

          • UnderpantsWeevil@lemmy.world
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            30 days ago

            Not for someone with access to the traditional banking sector, no. But for those locked out, it’s the only available alternative.

            • Jiggle_Physics@lemmy.world
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              30 days ago

              It is only good for that at a limited scale. The issue is that it’s adoption will be stymied, governments not wanting to give up hold to their influence over currency, or not, by the simple fact that it is either in a near constant state of deflation, or it gets abandoned by the broad market. There will have to be one implemented that has it’s scarcity regulated in such a way that it retains a mostly gradual inflation. The way their scarcity is currently designed it essentially forces the currency value to increase significantly, without huge periods without value growth, or it gets dumped.

              A block chain, crypto, that holds a relatively steady value, in a similar manner to normal currency, is what will be needed for it to truly take off as a full market replacement.

              • UnderpantsWeevil@lemmy.world
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                30 days ago

                That’s just a Stablecoin, like Tether. Unfortunately, stablecoins have a rather tawdry history as ponzi schemes. Terra/Luna being a classic example.

                • Jiggle_Physics@lemmy.world
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                  30 days ago

                  Yes, I am also aware of this. The execution of an anonymous currency was done so poorly, for something trying to be an actual currency alternative, that is set having something like it back decades, if it didn’t kill the idea of a currency that a country didn’t control.

  • buzz86us@lemmy.world
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    1 month ago

    Thanks to illegal hotel chain I can stay in the big city while helping someone who is pressed on rising rents

  • drathvedro@lemm.ee
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    1 month ago

    I’d say fake money.

    For uber, we’ve never had the overpriced cabs that it was made to circumvent in the first place. It was more of a wild west with lots of smaller companies with in-house made sites. We’ve even had an app that checked their prices, ordered the cheapest ones and cancelled others once a car is found. Then a major player entered the market, and they didn’t know what the fuck they were doing, giving estimates but driving by the meter, which ended up consistently much higher in the end. Then uber came, and started undercutting everyone with stupidly low prices, but their app/maps are an unbearable garbage. So they did a merger with previous one, combining the idea with decent app, and continued until competition crumpled. And now they’re screwing both drivers and customers hard, but there’s now no alternative.

    The only good thing that came out of it is incentive structure and the punishment for drivers for not taking orders. It made it so that a customer you can safely order without fear that you’d have to wait hours fimd a car - their hot potato order can’t be passed off forever, and somebody has to pick it up eventually, even if it’s a bad driver who majorly fucked up recently and now has to take it for a redemptiom, or otherwise he’d lose his job.

    Airbnb never made financial sense to me. Because every time I looked there, I found the same, and much better options, for as much as half price on local ad boards. Seems to be just a convinience factor, as renters just put their properties at 2x there for an off-chance a rich tourist checks in.

    AI to me seems like a dead end. The innovations are cool and flashy, but they inevitably fall short of being reliable enough to be useful. Like, I don’t use chatgpt anyhow because there’s always a chance it’ll spit out plausible bullshit which makes it so that every answer must be double-checked. And if you can find the source to check against, then why even ask the bot in the first place? Same for art, it can get you maybe halfway there, but refining the prompt takes skill and time that’d be better spend learning to edit and make real art instead.

    But for cryptocurrencies I should’ve bought in way sooner. Even if they didn’t hit ATH’s every few years. I find that even drug dealers and crooks are more trustworthy than my own government, who is actively malicious, and has hurt my financial wellbeing harder and more often than even the crypto rug pulls. And that’s coming from someone who got hit by luna, ftx, and even mtgox, among others. Still better than the government straight up saying that you don’t own any of your money anymore. Yes, the ecological impact sucks, but it’s not a crypto problem specifically. I don’t see how mining is worse than, than, say, a literal mining operation across the road that uses electrical heating because they’re too poor to fix their windows and put proper insulation, and running heaters just makes financial sense? There must be regulations to make dirty power more expensive, which will make the problem solve itself. And if we have green energy, who cares what one’s using it for? Mine, game, hang christmas lights, whatever, who gives a shit

    • elephantium@lemmy.world
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      1 month ago

      government straight up saying that you don’t own any of your money anymore

      What are you referencing here?

      I feel like I should be recognizing some specific thing here, but I can’t figure it out.

      • drathvedro@lemm.ee
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        1 month ago

        Well it’s third world problems, but the specific event I had in mind was when Russia froze all it’s citizen’s foreign assets in 2022 in an attempt to save it’s own currency from plummeting. This left a lot of people stranded, myself included. I did eventually get mine out, but the law, as far as I know, is still in place, so I tend think it was purely by luck and some mistake on the bank’s side. Others didn’t have it that lucky, I’ve heard of people being fined as much as $400 for just trying. But, it’s just one case, I believe there’s lots of other places where you just can’t trust the government with money - African, South American, Central Asian countries first come to mind. Even Canada had a scandal where they froze COVID protesters assets - I don’t support the cause, but I don’t think the government should have power over dissenters assets either.

        Sure, offshore accounts and physical assets can work in those cases too, but it can be challenging to get a hold of them as an ordinary citizen. Crypto circumvents that by being uncontrollable by design and widespread enough that I can exchange it in some back alley in one place and then again in another with less risk and overhead than any other way.

        • elephantium@lemmy.world
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          30 days ago

          Ah, that all makes sense. I live in the US, so I’m looking at it from that lens.

          don’t think the government should have power over dissenters assets

          Agreed, but this is a thorny problem. Clearly the government has a legitimate cause to freeze some assets in some cases (obvious example: US govt freezing Osama bin Laden’s accounts). This becomes an abuse-of-power question, then. Unfortunately, we as humanity don’t have a good answer to it.

          third world Russia

          Technically, Russia would be second world :)

          I do think cryptocurrencies fall short of the promise/hype with the exchange problem – either there’s a big bank-like clearinghouse that the government can target with freeze orders, or you’re in “You have to know a guy who knows a guy” territory when it comes time to actually use the cryptocurrency. I can’t pay my mortgage by transferring Bitcoin or Ethereum to my bank.

    • Isthisreddit@lemmy.world
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      1 month ago

      Good analysis, but I’d say your not taking a vital factor into account with “AI”, it’s only going to get better, and crooks, conmen, corporations, etc are going to find new ways to weaponize it. I use LLM’s often, and for my purposes, they are truly amazing (now that Google search is fucking useless)

      • Armok: God of Blood@lemmy.dbzer0.com
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        1 month ago

        I wouldn’t be so sure it will get much better. It might just stagnate, barely getting any better as we reach the limits of what is possible with our current hardware.

        • Obi@sopuli.xyz
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          1 month ago

          Also it’s starting to run out of good training material, once they’re ingesting a majority of stuff that’s already AI generated it might devolve like a kid whose dad is also his uncle.

    • kibiz0r@midwest.social
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      1 month ago

      I think it’s more absurdist than cynical, but is cynical really a problem here?

      We’re running 21st-century technology on a 13th-century economic operating system. It’s bound to produce some outlandishly antisocial results.

      As a developer and tech enjoyer, there are some inventions in the past 30 years that I can’t imagine living without.

      But there are also some horrific economic systems and social dynamics that have taken hold in large part due to inventions of the past 30 years. Some effects that are so bad I’d gladly hit the snooze button on some of the tech to delay it until we figure out the social/economic side first.

    • ameancow@lemmy.world
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      1 month ago

      It’s really bad out there. Cynicism is at levels I never imagined growing up in more optimistic times. We are surrounded by wonders and have all the opportunities to reshape our world into anything imaginable but we all collectively decided to sit inside, read how other people are miserable, and internalize that misery so we’re also miserable, even though all we’ve done is read about other people’s feelings.

      Our species’s default mode is to be cynical and lazy and I hate it.

      • Ajen@sh.itjust.works
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        Our species’s default mode is to be cynical and lazy and I hate it.

        Oh, the irony… A less cynical perspective would be that as a whole humans are pretty empathetic, and most people want to live in a world where everyone is happy.

      • Match!!@pawb.social
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        1 month ago

        The existence of more optimistic times should be evidence that this cynicism is not the species’ default state. We’re in a bad spot and we don’t even currently have the hope of revolution.

  • HelixDab2@lemm.ee
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    1 month ago

    My brother in Christ, all money is fake. Even gold coins are ‘fake’ money, because all money is a social construct used to represent an abstraction of value added through labor.

    • Cryophilia@lemmy.world
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      1 month ago

      all money is a social construct used to represent an abstraction of value added through labor.

      That’s the definition of money. It’s not fake. It is an abstraction, but it’s not fake, and we’ve built an intricate system of laws and regulations about it.

      Bitcoin is fake money. It’s not backed by any government or any real rules and regulations. It’s the same as every other “tech” company. Take an existing thing, remove all regulations, pretend it’s a new thing, and pocket the increased revenue.

      • HelixDab2@lemm.ee
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        1 month ago

        Money existed before there was an intricate system of laws and regulations. Money existed before there were fiat currencies, backed by nothing except a gov’t’s promises. The fact that bitcoin doesn’t have those doesn’t make it any more real, or less real, than any other thing used as currency. It has value because people believe that it has value.

        Gold is much the same way. Gold has an intrinsic value for making things that conduct electricity (particularly because it doesn’t corrode), but all other values exist because it’s both relatively rare, and people have decided that it’s pretty.

          • HelixDab2@lemm.ee
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            1 month ago

            Currency existed prior to governments; Native Americans in some areas used rare shells as a form of currency; the currency wasn’t a part of their governing process, and by any modern standards, their governments were very loose.

      • HelixDab2@lemm.ee
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        1 month ago

        At current exchange rates, about 0.000029. That’s going to vary slightly from day to day, in much the same way that the price in Euros, or Japanese Yen will vary if the price is in USD, because currency valuations fluctuate comparatively.

        I remember a time the GBP was worth about $2.50 US; it’s currently more like $1.30 US. Euros used to be worth considerably more than US dollars, but it’s very near parity right now.

        As I said, money is an abstraction, it’s not a real thing. European labor didn’t used to be more valuable than American labor, and now it’s worth the same. The abstraction that money is has drifted farther away from the reality that it’s supposed to reflect over time.

        • humbletightband@lemmy.dbzer0.com
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          1 month ago

          Everything is an abstraction. A cat is an abstraction. There’s no cat, only an animal living in your apartment that looks like other similar animals.

          What makes this money fake you’d ask? Probably because you cannot buy lettuce for it. Only illegal stuff, money, other fake money and, in some places, you can buy a hotel room for a few nights. Idk, crypto looks more like a commodity than currency to me.

          • HelixDab2@lemm.ee
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            1 month ago

            What makes this money fake you’d ask? Probably because you cannot buy lettuce for it.

            …But you absolutely can buy lettuce with it. You just have to find someone that will accept that particular currency. Are you seriously going to argue that Canadian currency isn’t real money just because I can’t buy produce in the US at most stores using Canadian loonies or toonies? And you can use American currency very, very easily to buy illegal stuff; pretty much every in-person drug dealer in the US accepts folding cash. (They just don’t take credit cards, PayPal, Venmo, etc. because that’s easily traced.)

            Edit: a physical cat is not an abstraction. A physical, individual cat is the thing itself. The abstraction is the concept of “cat”; when you think “cat” as a concept, you aren’t thinking about a specific, individual animal, but of a concept that defines ‘catness’; it probably has fur, whisker, pointy ears, a tail, etc., even though an individual cat may not have any of these things.

            • humbletightband@lemmy.dbzer0.com
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              30 days ago

              But you absolutely can buy lettuce with it. You just have to find someone that will accept that particular currency.

              Well, I can find a nerd who would sell me some lettuce for Nintendo Switch. Does it make Nintendo Switch a currency? Nope. With Canadian dimes I guess I can go to any shop in Canada and buy it, which makes it a valid currency in Canada. What you are right about, is that almost every currency is regional.

              you can use American currency very, very easily to buy illegal stuff;

              Oh thanks, if they allow me to the US I’d probably make use of this information.

              Edit: a physical cat is not an abstraction. A physical, individual cat is the thing itself. The abstraction is the concept of “cat”; when you think “cat” as a concept, you aren’t thinking about a specific, individual animal, but of a concept that defines ‘catness’; it probably has fur, whisker, pointy ears, a tail, etc., even though an individual cat may not have any of these things.

              Fuck Kant. As you mentioned, cat is definited through catness, but catness is defined through cats, hence a cat abstracts all cats. Unless you think of all other cats, your physical cat is a cloud of atoms