@bumi@kosmos.social

bumi @bumi@kosmos.social · Jan 04, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online @pronoic@hachyderm.io @RAOF@toot.cat not at all. but let’s be honest here: you don’t want to hear my BS and I don’t want to hear yours. you do your stuff, I do mine and everybody is happy.

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bumi @bumi@kosmos.social · Jan 04, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online @pronoic@hachyderm.io @RAOF@toot.cat Godwin’s law becoming quickly true here. useless conversation with you throwing such insults around. 👋

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bumi @bumi@kosmos.social · Jan 03, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online @levampyre@chaos.social yes, because money was not unlimited printed back then. this changed in the ‘71. They get more and more rich (and thus powerful) by printed money. (Cantillion effect) - if you already got lots of assets(e.g. houses) you get cheap credits (of freshly printed money by the bank) assets (owned by the wealthy ones) always appreciate in value first by increased money supply. yes, technology is never a sole solution.

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bumi @bumi@kosmos.social · Jan 03, 2023

Replying to @RAOF@toot.cat

@RAOF@toot.cat yes. as we are able to transfer value digitally, globally we face issues like this. which are made easier. like in your burglary example, maybe we start with not leaving the door open also there using better locks (no win98 anylonger) and protect our stuff (backups etc.) it’s not that without it or before we did not see any cybercrime (email spam/scam?) and for me it’s like with any privacy: should we abandon privacy because crime happens? or do we see value in it?

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bumi @bumi@kosmos.social · Jan 03, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online @levampyre@chaos.social the opposite, it exactly embrases the physical limits needed and connects it to the digital world. if it would be considered infinite it would not work. .

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bumi @bumi@kosmos.social · Jan 03, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online @levampyre@chaos.social but with your choice of words and insults here we can not talk. unproductive, emotional insults.

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bumi @bumi@kosmos.social · Jan 03, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online @levampyre@chaos.social has nothing to do with killing the state or the state in general. far from it. taxation is useless when we allow private corporations to cheaply print money. so that must be fixed otherwise the underlaying incentives are wrong. how we do that is the interesting question. but like everywhere there are extrem people on that side and on the other side - focussing on those is misleading and misses the point.

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bumi @bumi@kosmos.social · Jan 03, 2023

Replying to @levampyre@chaos.social

@levampyre@chaos.social @FranckLeroy@mastodon.online bitcoin is the best degrowth strategy that we have in my opinion. the endless growth problem comes from an endless expansive monetary policy. the unit we save and transact in can not endlessly grow while having limited resources on the planet. 50years ago we wrongly chose a different path there which accelerated, and hard to reverse because we all rely on it now and have some interest there.

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bumi @bumi@kosmos.social · Jan 03, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online ok, seems impossible to have a productive conversation with you. :(

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bumi @bumi@kosmos.social · Jan 02, 2023

Replying to @goobermunch@mastodon.sdf.org

@goobermunch@mastodon.sdf.org @FranckLeroy@mastodon.online then either that's just what you want to see, or you don't look closely enough. ;)

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bumi @bumi@kosmos.social · Jan 02, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online @RAOF@toot.cat that's a problem, generally IT security is a problem and with greater use and reliance on digital systems those are attacked. generally cyber crime and attacks have been growing a lot in the recent years. we need to make sure that hospitals and such have resources to not run on windows98 anymore.

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bumi @bumi@kosmos.social · Jan 02, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online you really throw all the random words and arguments and mix them up in some toot. maybe let's stick to something specific? otherwise it will be hard to have a productive conversation I guess.

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bumi @bumi@kosmos.social · Jan 02, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online can you elaborate about this? That's like saying the internet is all a failure because of Twitter and Facebook having bad data privacy or something like that. it has nothing to do with it. Also when you use the word "scaling" - scaling for what and it what sense? if you refer to those companies that scam: those are still companies? It's like hating on email because of some spammers. spam is a problem, scam is a problem but that's unrelated of the underlaying system

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bumi @bumi@kosmos.social · Jan 02, 2023

Replying to @bumi@kosmos.social

@FranckLeroy@mastodon.online and for me for example it’s a feature that I can’t hold anybody accountable… it means also I don’t need to trust or rely on anybody. maybe this is not for everybody, but this does not mean the underlaying asset/network is bad. still wondering why you even care?

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bumi @bumi@kosmos.social · Jan 02, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online don’t use it you don’t trust yourself. or trust a company to hold it for you - and they are accountable just as any other company that hold other assets for you (e.g. gold, securities, etc.) - the asset does not matter there. how do you explain fraud with other assets/systems? do you just throw every random half-baked argument at something here?

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bumi @bumi@kosmos.social · Jan 02, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online those are very unrelated. many stock investors or saving accounts are in loss.isn’t it good if assets don’t always appreciate against another asset? FTX is just a company - their problem was actually that they did not have bitcoin. DeFi is also not Bitcoin(and much bullshit) mistakes of a famous person do not affect me,don’t mean anything. and why do you care actually? nobody forces you to join that thing if you don’t like it. that’s fine, that’s how it should be.

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bumi @bumi@kosmos.social · Jan 02, 2023

Replying to @bumi@kosmos.social

@FranckLeroy@mastodon.online the one side uses these examples to say everything is bad...the other side uses some other positive examples to say everything is perfect. equally nonsensical and only to push one's opinion/agenda.

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bumi @bumi@kosmos.social · Jan 02, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online I guess the project does not care. it might feed some people with hashtag CryptoSkeptic in their profiles ;) but actually not more. using examples of individual errors do not proof anything. isn't it like saying we can not do digital things because [some super big secure company/institution] was hacked? and his setup might be insecure but not the asset.

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bumi @bumi@kosmos.social · Jan 02, 2023

Replying to @FranckLeroy@mastodon.online

@FranckLeroy@mastodon.online it was not a cold storage (as keys have been saved somewhere digitally - and thus could be stolen) and second: how do you know that's true? or maybe just a "boating accident"?

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