One of the biggest realizations I had in High School is there are two kinds of people who hate bullies: those who don’t think bullies should exist, and those who want the bully’s power for themselves.
So it it with crypto. These jerkoffs don’t want to crush the corrupt monetary system, they want to supplant it with their own scam.
It’s a movement driven in no small part by rage. By people who looked at [the financial crash of] 2008 - who looked at the system as it exists - but concluded that the problems with capitalism were that it didn’t provide enough opportunities to be the boot.
All credit to Dan Olson’s masterpeice video Line Goes Up - The Problem With NFTs. Now, if you’ll excuse me, I’ve got to go watch the whole thing again.
Danny O. is a treasure
I still occasionally get the gurdy gurdy music from In Search of a Flat Earth stuck in my head, particularly the sting from “they’re all going to Qanon”
Yep, anyone who wants to change the rules stands to benefit from that change. It wouldn’t make sense otherwise.
There’s also the possibility they’re just a good person.
They would presumably still gain by changing the rules for the better.
Right? They at least get a warm fuzzy.
In a much more intangible way than, say personally enriching one’s elf, but yes. You are technically correct.
Oh it’s like sovereign citizens
mhm and how would Bitcoin fix those problems though? Can those Techbros actually answer that?
Value of number goes up, this fixes inflation somehow
I think the argument he is trying to make is that with speculative investment driven to bitcoin, it will reduce hoarding over assets as an investment.
Of course that leads to questions about why we allow assets to be hoarded and seems like a capitalism issue but you know
Crypto vs houses also has the problem that the former is hard to reposses. So not great to base a financial system, where people will default/be scammers/etc on. But of course they consider this a pro not a con. As they are often “im mad gov spend some money (muh taxus!!!1!!) on stuff I disagree with” types. So hoarding would be worse but now in crypto. And there is no reason why speculation in cryptoshit and real estate cant exist both at the same time, like now in reality. Gold didnt fix housing, so why would bitcoin. But yeah, think they are the common clay of the new west.
You’ve got to remember that these are just simple
farmerscrypto miners. These are people of the land. The common clay of the new West. You know. Morons
After reading The Ragged Trousered Philanthropists, I do kind of wonder if money should expire.
Doesn’t solve the problems of private property and capital, ofc.
Easier to launder. Maybe. 🤔
That’s why my savings are all in undistressed jeans. Appreciates in resale with each use and machine-washable.
We all fuckin know they can’t but it’s sure fun to watch the idjits try
“Bitcoin” could just as easily be swapped with “prayer” in this sentence, with the same implications
Do you have time to talk about your bitcoins extended warranty, it now uses AI!
Given that he put no effort in finding some arguments, this is a case of “negative publicity is publicity too”?
I would guess, yeah. But 80% of X looks like this, so I don’t know what’s engagement farming and what’s normal posting in a community of radical idiots anymore.
Damn, that’s worse than i thought.
At this point, shouldn’t it be considered a acquired mental disorder?
They’re barely just now accepting that CTE’s from smashing their heads together for fun might be a bad idea, it’s going to take centuries for them to realize their social media echo chambers are probably worse overall than actual head trauma, if only because brain rot is a very communicable disease and their population has no herd immunity.
Isn’t all money fiat?
Anything that isn’t is just bartering.
Yes, or backed by actual PMs or other high-value assets. Which actually makes me wonder if those aren’t fiat, too, considering artificial scarcity (De Beers and diamonds, for example).
Beer is a legitimate currency, don’t let anyone tell you otherwise
The way water supplies are currently (mis)handled, you’re not wrong. Beer was developed as a sort of sanitation method, iirc.
Which actually makes me wonder if those aren’t fiat, too, considering artificial scarcity (De Beers and diamonds, for example).
I can see an argument for considering them fiat. The value of “high-value assets” (e.g. gold) comes from the assumption they’ll retain their value even if things get drastic, not from being immediately useful (e.g. alcohol) or necessary to survive (e.g. water).
PMs
Zero clue what the acronym means in this context.
Precious metals. My point is, artificial scarcity means artificial value.
Ah, right. Yeah, I can see your point. If it isn’t necessary to survive (e.g. food, water), or it doesn’t have an immediate use case (e.g. ammunition), its probably some form of fiat.
Not exactly what I was thinking, but I can see your point, too.
Not really related but perhaps entertaining titbit, in the metro 2033 video game series they use high quality ammo as currency. Cant recall if this also happened in the book.
Cant recall if this also happened in the book.
They certainly paid in bullets.
I stopped reading when the vibe shifted from post apocalypse to fantasy, but that was probably meant to be the madness induced by the darkness and not a genuine change in setting. I should probably go find the book and keep reading.
Edit: I really like fantasy and the dangerous outside mutants or whatever they where also fit the vibe but when the protagonist had a weird connection to the tunnel it didn’t sit right with me.
Ever since we understood actual scarcity of mineral deposits across Earth, yeah
Bitcoin was a typo, he meant beef tallow
The beef tallow thing is painfully stupid…
I have started to wonder if the fact that adding it back makes it so vegetarians and vegans can no longer eat french fries (that are made with it) had anything to do with that decision… Or was that just an “unexpected bonus” in their minds?
It prob is a “some culture warrior/bodybuilder misread a piece of research and it turned into a culture war conspiracy” thing. Like soy. (My silly nickname predates the culture war stuff by several decades, it comes from Shadowrun).
E: yes looked it up, comes via RFK of course and is anti seed oils thing. https://www.diningandcooking.com/1742624/america-stopped-cooking-with-tallow-for-a-reason/ and the anti seeds oil thing is an idea that has been spreading through the (far) right blogosphere for a decade or more (that is when I heard of it, so prob existed before that).
Our friends of the pod at lw also joined in https://www.lesswrong.com/posts/DHkkL2GxhxoceLzua/thoughts-on-seed-oil (but it concludes the seed oil theory is full of shit, points for LW there, well done (dont read the comments, there is roundup in the seed oils)).
Well, LW is only being no more wrong than Andrew Tate there, so they don’t deserve too many points.
Yes the score is still negative even of they had one win. Note how the glyposate asspull still got 50 upvotes. (And how one person went ‘wow i have the same’ in reaction to that to then just go ‘it was gluten’. Enormous levels of contrarian so open minded their brains now have worms stuff. And amazing that all of this started just because Yud thought others were not unbiassed enough to properly understand his argument about training agi safely. Talk about 'I realized my initial goals were impossible so I made secondary goals which were also impossible so I’m going to become a weird (far) right winger scope drift. See also Musk. Whos plans for Mars were replaced with AI robots, and now is starting a company townwith all the women he has kids with (see also ‘the implication’). (Yeah I made up that his women compound and company town are in the same place, but you get my point I hope).
Interesting how they fail in similar ways, Musk ignores the community notes and spouts his bs, vs Yud and ignoring the post (i assume 2023 yud vs 2024 lw) and already going anti meta study (??) in the tweet. Womens compound vs math pets. Weird science fiction bs vs weird science fiction ba. Has group of haters he claims are actually a small (undead) Jewish cabal who are behind all his hate vs Has group of haters who all are (goth) David Gerard.
painting goth David Gerard as their archenemy is pretty rich coming from a group that already owned two castles
That part was a bit tongue in cheek. scott ssc did claim he was being brigaded by sneerclubbers once while he was in a debate with one of the sc mods (that is where the ‘one man brigade’ flair came from). They tend to dramatize just how big and mean we are. Other scott had one regular self proclaimed sneerclubber and several neonazis in his comment section, and the former seemed to bother him the most for example (I never reacted on his blog after I realized how bad the existence of sc was for his mental health (he has long ago stopped mentioning us and has since dropped of my and most peoples here radar however which is prob for the best esp as in the lw space he isnt that important)).
I’m guessing that you’re too young to remember. Lucky 10000! In the 1990s, McDonald’s was under attack for a variety of anti-environmentalist practices, and by 2001 there was a class-action lawsuit against them for using beef tallow in fries from a coalition of vegetarians, vegans, and primarily Hindus who were deeply offended that they had been tricked into consuming what they consider to be a sacred animal. In a nutshell, it’s a very racist and revanchist move, not just an anti-environmentalist move.
Unlike normal, I can’t link to good peer-reviewed articles on the topic. McDonald’s is one of the few groups who can successfully control their Internet presence, and they’ve washed away these controversies as best they can. I almost feel like linking to this summary of the case on Wikipedia is unhelpful, since it’s got so many apologetic caveats. They do this all over Wikipedia; McLibel or Liebeck are also heavily edited in favor of McDonald’s. You’ll have to explicitly add “hindu” or “indian” to search queries; for example, instead of “mcdonalds beef tallow”, try “mcdonalds beef tallow hindu indians”.
I still don’t understand what that was about, like do fries made in tallow taste better? Or at least noticeably different?
Idk if I have the formulation right on this but I imagine it’s a combination of various things:
- Conservative nostalgia, concretely for fries themselves and abstractly for a fake, idealised version of the past.
- Crackpot health woo: beef tallow is “carnivore” and “caveman” diet-coded. It’s not a processed/GMO seed oil.
- Conspiracy by US Big Dairy to beef up their numbers.
I can’t speak for the taste. However, the fat used to fry fries does make a difference, as fat is a conveyance of flavour. Many fry recipes call for peanut oil, for example, while many people prefer using a neutral oil like canola to deep fry. I don’t think I know instinctively what the taste of beef tallow is like, but I imagine it’s just… beefy?
Notably different oils have different smoke points, meaning you can fry at higher temperatures for different textures. That’s why duck fat potatoes are a thing, for example.
Malcolm Gladwell famously has a podcast episode on the crusade against beef tallow, where he also replicates mcdonalds fries with beef tallow. But Gladwell is a chud, so fuck all that.
Conservative nostalgia, concretely for fries themselves and abstractly for a fake, idealised version of the past.
This is so weird to me like you can literally just go out and have fries today and they’re great? They’re so much better now because there’s so many different places that literally just sell fries with various sauces so they have to be in an arms-race for the most delicious kind of sauce and the best fries. Plus everyone now offers sweet potato fries if you’re bored of the normal ones. There’s never been a better time for fries. When I was a kid fries fucking sucked man, and they had only ketchup.
100%. Nostalgia is a toxic impulse.
People remember fries used to taste better, and they’ll attribute it to anything except the maturation of their pallate.
Tallow is saturated, so you can use it longer before it oxidises
Ok but that’s an economic argument for the business not an advertisement, like why would I care about this as the consumer of your fries
That might be why they do this, marketing is secondary (and mcd at first didn’t market fries as tallow-containing specifically). When done on purpose and currently, i guess it’s seed oils thing
Bitcoin is to men what MLMs are to women.
You can replace the word “Bitcoin” with almost anything else and it’ll make more sense.
I wonder what he thinks Bitcoin will do. I assume they think it will just keep growing magically?
I’m sure he’s hoping that’s true long enough for him to cash out and dip on the bag holders, yes
Wow I was with him at first lol
Wow, Bitcoin was the solution for that. That is a first. Might have found a first real usecase.
Wow, coiners tried to parasitize YIMBY while I wasn’t paying attention?
I’ll trade those cheap chocolate coins for your bitcoins, at a 1:1 ratio. Seems about the same value
If this guy is a CFA, I’d rather light my money on fire than let him manage it. I feel like the outcome would be the same anyway.
A burning pile of money at least has some warmth, though.
I bet you’re thinking of CPAs (not to be confused with CPAs or CPAs), who are the sort of folks that might manage money for the working class. CFAs are something different:
The top employers of CFA charter-holders globally include UBS, JPMorgan Chase, Royal Bank of Canada, Bank of America, and Morgan Stanley.
You shouldn’t let any CFA directly manage your assets. Go to your local credit union and get free advice from their CPAs; they often have a standard path to wealth-building for their members, even those without much in the savings account.
He may not be directly managing his clients’ money, but he is probably advising them on how to invest. Badly.
My father in law is a CPA, and even he refers people to certified financial advisers for investment advice. As I understand it, CPAs help you with taxes, and CFAs with fiduciary duties help you invest the money. There’s obviously a little crossover, but I think the lanes are pretty clearly drawn.
I’ve been wrong before though, so I’m open to being corrected if I misunderstand the separation of duties.
“Let them eat bitcoin”?
My Uncle is like this, he’s currentley living in the same building as me, I sometimes wonder what shit he’s posting thats getting traced back to our IP that I will eventually get blamed for.
If we lived in the US, I’d be legitimately worried.
Bitcoin isn’t fucking superman.
