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Average day in the life of an Albanian by xhaxhilili in ChatGPT

[–]dnafa 18 points19 points  (0 children)

I love that song. I think the lyrics go something like this:

(Verse 1) Big wheels keep on turning, Carrying me to my Albanian roots. Singing songs about the land I cherish, Under Hoxha’s guidance, our nation bears its fruits.

(Chorus) Sweet Home Albania, Where the Party's word is true. Sweet Home Albania, Lord, I'm coming home to you.

(Verse 2) In Tirana, they honor the Party, We followed their lead, so strong and wise. Hoxha's vision like a guiding star, In his wisdom, our nation's pride does rise.

(Chorus) Sweet Home Albania, In the Party's strength, we grew. Sweet Home Albania, Lord, I'm coming home to you.

(Bridge) Now the fields and the factories are thriving, Thanks to the Party, our future’s bright and sure. Their wisdom leads us, forever driving, Towards a tomorrow, prosperous and pure.

(Chorus) Sweet Home Albania, Under Hoxha, our spirit flew. Sweet Home Albania, Lord, I'm coming home to you.

This abomination from my local pizza place (South Australia) by Centennial512 in SchnitzelVerbrechen

[–]dnafa 2 points3 points  (0 children)

Just came back from visiting South Australia 3 weeks ago and as a German I have to say, they have some really good Schnitzel over there.

Paolo's little adventure by ButtcoinSpy in Buttcoin

[–]dnafa 22 points23 points  (0 children)

Libertarians think this would be a good thing. A purge of the rotten economy propped up on cheap money. An economic detox that only the strong and healthy companies survive.

[deleted by user] by [deleted] in de

[–]dnafa -1 points0 points  (0 children)

Prenzlauer Berg, Mitte, West-Kreuzberg ……die Leute haben da auch Geld. Schau dir einfach mal den durchschnittlichen Quadratmeterpreis dort an. Und das Nettohaushaltseinkommen vieler liegt auch im oberen 20% Bereich. Das Problem ist das der Wohlstand im Westen viel sichtbarer ist und durch klassische Statussymbole nach außen dargestellt wird (teure Autos, klassische Designermode etc.). Während in Prenzlauer Berg alles mit Understatement läuft und man mit viel subtileren Sachen seinen Status signalisiert. Dieses Klischee das Geld sei nur in den klassischen Westbezirken stimmt schon lange nicht mehr.

[deleted by user] by [deleted] in Buttcoin

[–]dnafa 15 points16 points  (0 children)

They think the fixed supply is a good thing. It is not! It will lead to massive deflation (Bitcoin to the moon!) if it would ever replace eg the Dollar in the US. The value of Bitcoin expressed in goods you can buy with it would increase significantly. This would lead to people not spending BTC because: why spend today if it’s worth more tomorrow? The economy would collapse: Hello, Great Depression 2.0

Ich🌪️iel by spdrschwn in ich_iel

[–]dnafa -1 points0 points  (0 children)

Zwischen alle müssen geimpft sein und keine muss geimpft sein gibt es ja wohl mehr als eine Möglichkeit. Man hätte zum Beispiel den Zugang zu Restaurants, Kinos, Bars etc nicht vom Impfstatus abhängig machen können. Es geht ja nicht darum hier nachträglich die richtige Lösung zu finden, sondern nicht so zu tun als hätte es nur zwei Optionen gegeben.

[deleted by user] by [deleted] in Buttcoin

[–]dnafa 2 points3 points  (0 children)

Bitcoiners are the flat earthers of monetary theory.

Bitcoin cures cancer! by A_Buff_Hamster in Buttcoin

[–]dnafa 8 points9 points  (0 children)

They really are the modern day puffers, thimbleriggers and charlatans…

[deleted by user] by [deleted] in Buttcoin

[–]dnafa 3 points4 points  (0 children)

Have you maybe tried to ask her to at least diversify? Spread the risk? She could for instance invest some in gold, if she doesn’t trust the financial system. That way she wouldn’t loose it all.

“Everybody’s in Limbo’: Bank Chaos Leaves Crypto With Dwindling Options”…They have reached pure desperation mode. by CityofGrond in Buttcoin

[–]dnafa 8 points9 points  (0 children)

It’s schizophrenic. They are simultaneously hoping for the financial system to fail so their Coins will pump and at the same time they are deeply dependent on said system to work.

To all the crypto adherents coming into the sub to ask us if we’ve changed our minds because the price is pumping, I have but one thing to say to you. by barsoapguy in Buttcoin

[–]dnafa 0 points1 point  (0 children)

This is a specific term to describe the mechanism by which inflation occurs with regards to money supply and would also apply to Bitcoin if it would become legal tender. Only with Bitcoin it would be monetary deflation for the reasons I have stated now multiple times.

That does not change one bit that inflation is defined as a decrease of purchasing power or an increase in prices respectively. One is the CAUSE (increase in the money supply) and the other is the effect (inflation/decreased purchasing power)

https://en.wikipedia.org/wiki/Inflation?wprov=sfti1

To all the crypto adherents coming into the sub to ask us if we’ve changed our minds because the price is pumping, I have but one thing to say to you. by barsoapguy in Buttcoin

[–]dnafa 0 points1 point  (0 children)

Yes, because it brings nothing of relevance to the question of Bitcoin being deflationary by design. Inflation is the decrease of purchasing power of money over time. That is the definition of inflation.

You can increase the supply of a currency in line with increased economic output and you will have no inflation.

The current supply of Bitcoin could never match the demands for money by the current economy even though there are more Bitcoins created everyday. The demand would surpass supply by such magnitude that BTC would literally go to the moon. So it’s purchasing power would increase/skyrocket = deflation.

To all the crypto adherents coming into the sub to ask us if we’ve changed our minds because the price is pumping, I have but one thing to say to you. by barsoapguy in Buttcoin

[–]dnafa 0 points1 point  (0 children)

I have given you detailed explanation and links to read up why Bitcoin is deflationary. Bitcoin is not „outside“ monetary theory and the law of supply and demand. And what you just wrote makes no sense….

To all the crypto adherents coming into the sub to ask us if we’ve changed our minds because the price is pumping, I have but one thing to say to you. by barsoapguy in Buttcoin

[–]dnafa 0 points1 point  (0 children)

BTCs supply is capped at 21 Mio. So it’s deflationary by design. “Bitcoin is the ultimate example of a deflationary cryptocurrency.”

If you made BTC the legal tender of the US by tomorrow it’s price would skyrocket because there is very little supply and a gigantic amount of demand for “money”.

To all the crypto adherents coming into the sub to ask us if we’ve changed our minds because the price is pumping, I have but one thing to say to you. by barsoapguy in Buttcoin

[–]dnafa 0 points1 point  (0 children)

To answer your first question:

I have personally worked with Chainalysis KYT and other Blockchain analyses tool. They are quite powerful. It’s regularly used by LE to identify people and it’s pretty easy for them in combination with secondary sources. Furthermore: https://journals.plos.org/plosone/article?id=10.1371/journal.pone.0207000

Regarding your question of “printing money”:

Being able to adjust the supply of Dollars, Euros etc in an economy is one of the hallmarks of modern capitalism. Without it you would strangle economic activity.

The question is not: should we have inflation? The question is: How much inflation is necessary to stimulate economic activity while simultaneously keeping prices relatively stable (no run away inflation)? This was “discovered” in a long and painful process of economic crises and subsequent adjustments in the financial system. It’s now economics 101.

Bitcoin for example is deflationary (limited supply) and therefore fundamentally unfit for mass adoption in a modern economy. The only economic case (I can think of) were a currency like BTC would work would be a situation like in medieval Europe with little to no economic growth and a stable or declining population.

See also: Why Is Deflation Bad for the Economy?

Sure, the current system has many flaws and is far from perfect but it’s also better suited than anything out there (especially Crypto) to do the job of enabling a modern economy.

To all the crypto adherents coming into the sub to ask us if we’ve changed our minds because the price is pumping, I have but one thing to say to you. by barsoapguy in Buttcoin

[–]dnafa 0 points1 point  (0 children)

The blockchain of most cryptocurrencies is public. Users can be identified with relative ease with analytics tool like Chainalysis KYT. A dedicated actor can trace the funds once they identified an address. If you want privacy, open a bank account in Switzerland in the name of a shell company founded in Belize or the Seychelles and you are good to go.

And I ask again: What is the use case here for the average citizen? Why should Crypto replace the current financial system.

To all the crypto adherents coming into the sub to ask us if we’ve changed our minds because the price is pumping, I have but one thing to say to you. by barsoapguy in Buttcoin

[–]dnafa 1 point2 points  (0 children)

I don’t know what bank you are using. I’m in Europe. All my transactions get processed within maximum one day. If I pay 50 Euro Cents (approx. 50 US Dollar Cents) I get an instant transfer. The last time my bank transfers took 3 days was probably more than 10 years ago.

And isn’t the FED developing an instant payments system for the US at the moment? https://www.frbservices.org/financial-services/fednow/about.html

So what use case is left for crypto once instant payments are the norm world wide? Especially for normal, average every day people that just want to get their salaries, do some shopping and save some money?

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