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  • 21 Posts
  • 140 Comments
Joined 9 months ago
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Cake day: October 20th, 2023

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  • No government would ever allow coins like Monero to become main forms of currency.

    It depends on what you mean by “allow” and “main form of currency”. Afaik, in the US (and the rest of the west), at least, there are no laws regarding what form the medium of exchange should take for the exchange of goods and services. The dollar is simply the standard currency to make payments to the government. For example:

    United States coins and currency (including Federal reserve notes and circulating notes of Federal reserve banks and national banks) are legal tender for all debts, public charges, taxes, and dues. Foreign gold or silver coins are not legal tender for debts. [31 U.S. Code § 5103 (archive)]


    Accepting random alt coins would also come with the expense of having to track them and their wallets separately, exchange costs, volatility, etc, so over time just a few will become generally accepted by businesses.

    Is that just a statement of fact, or is that supposed to be an argument against Monero? I’m not sure what the point of that statement is. In any case, I don’t see any issue with that outcome — it would simply be a market decision.


    And yes, the most likely consequence of long-term crypto usage is that users will centralize into a few trusted platforms who will get the Lion’s share of tokens and power.

    I’d say that this is still TBD, but yes centralized control is a concern, as it would break the current designs of cryptocurrencies (as far as I currently understand their designs, that is). Though, note that there is a difference between central ownership of coins in circulation, and central ownership of the network (of course depending on the design of the network — I feel that proof of stake would be vulnerable to this).

















  • “The View From Halfway Down” by Alison Tifel has always resonated with me:

    The weak breeze whispers nothing
    The water screams sublime
    His feet shift, teeter-totter
    Deep breath, stand back, it’s time

    Toes untouch the overpass
    Soon he’s water bound
    Eyes locked shut but peek to see
    The view from halfway down

    A little wind, a summer sun
    A river rich and regal
    A flood of fond endorphins
    Brings a calm that knows no equal

    You’re flying now
    You see things much more clear than from the ground
    It’s all okay, it would be
    Were you not now halfway down

    Thrash to break from gravity
    What now could slow the drop
    All I’d give for toes to touch
    The safety back at top

    But this is it, the deed is done
    Silence drowns the sound
    Before I leaped I should’ve seen
    The view from halfway down

    I really should’ve thought about
    The view from halfway down
    I wish I could’ve known about
    The view from halfway down


  • I’ll preface this by saying that this isn’t an argument in favor of the imperial system, nor is it an argument intending to detract from the usefulness of the metric system. But I have wondered if there is some merit to having a simple, colloquial, “human friendly” system of measurement — something that’s shown to be the best system for people to grok, and is the most convenient to use in day-to-day life. If you need precision, and well defined standards, then certainly use the metric system, but is the metric system easy for people to grok? Say you ask someone to estimate a length. Would they be more likely to accurately estimate the length using the metric system, the imperial system, or some other system? Likewise for telling someone a length and asking them to physically reproduce it. Would they be more likely to do so with the metric system, the imperial system, or some other? It’s an interesting problem, imo, and it doesn’t seem to get much attention.

    It could very well be that people can, indeed, grok measurements the best when using the metric system, but I currently am unaware of any research that has been done to show that. If anyone is aware of any research that has looked into this, then please let me know! I’d be very interested to read it.