prologic

twtxt.net

"Problems are Solved by Method" 🇦🇺👨‍💻👨‍🦯🏹♔ 🏓⚯ 👨‍👩‍👧‍👧🛥 -- James Mills (operator of twtxt.net / creator of Yarn.social 🧶)

Recent twts from prologic
In-reply-to » This was interesting to see on the road today 😆 Media

@justamoment@twtxt.net Yup that’s it! 😅 Whoops and the black lines I think were me trying to blurr out the PII (Personal identifiable Information) – The number plate. I must have accidently drew some other crap on the photo 🤦‍♂️

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In-reply-to » @abucci To be fair, I think it's sadly easy to fall into these "traps" (is this what we call bubbles? 🤔) -- So in good faith in return let's go easy on poor @brasshopper 🤗 -- In the world we live in today, it is so easy to fall into these bubbles it's not even funny anymore 🤦‍♂️ -- Truths are so hard to find today with all the media that combarded at us and all the propaganda on all sides 🙄 -- The only thing I know to be sure of is in today's day and age (Information age?) -- Data and Information are now considered "modern weapons".

@mckinley@twtxt.net Yeah and I feel really bad now 🤦‍♂️ I was trying to keep the peace (as I always do) and probably should have kept my stupid mouth shut 😅 I was not trying tbe condescending at all 🤦‍♂️ So sorry @brasshopper@twtxt.net (probably muted me too 😢)

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In-reply-to » @abucci To be fair, I think it's sadly easy to fall into these "traps" (is this what we call bubbles? 🤔) -- So in good faith in return let's go easy on poor @brasshopper 🤗 -- In the world we live in today, it is so easy to fall into these bubbles it's not even funny anymore 🤦‍♂️ -- Truths are so hard to find today with all the media that combarded at us and all the propaganda on all sides 🙄 -- The only thing I know to be sure of is in today's day and age (Information age?) -- Data and Information are now considered "modern weapons".

@brasshopper@twtxt.net Oh dear 😅 Sorry, I was just trying to keep things civil. 🤦‍♂️ I guess I failed 😢

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In-reply-to » It's all taxation. Don't pay your taxes? They take your stuff, lock you in a cage, and/or shoot you. If your store your value in anything other than AUD and it appreciates, you owe income tax on it at some point. This is typically when you "realize the gain". Although, I have heard (never confirmed) that some countries tax unrealized gains in some circumstances.

I think I read somewhere similar things about the possibility of taxing unrealized gains too.

The problem is that it’s completely unfair as it’s unrealized. You actually haven’t made any gains at all, so you’re taxing something that may have artificially gone up in value, but then just as easily may go back down in value.

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In-reply-to » I don't buy the "environmental disaster" arguments. In fact, I think the opposite may prove to be true.

For example I have the same problems with basisally all “cloud” services of any kind really 😆

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In-reply-to » Also I should point out that whilst there are in theory only ever 21M Bitcoins that could ever exist in the BTC currency, the so-called "appreciation" is actually diluting the currency. The value of 1 BTC goes up against fiat currency because of the limited supply. I'm not sure what will happen if/when a) BTC crashes entirely or 2) BTC reaches that 21M limit 🤔

@mckinley@twtxt.net Possibly ? 🤔

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In-reply-to » Debt is slavery. Fiat encourages debt. Therefore, fiat encourages slavery.

I think the concept of “borrowing” has always been around, even in the ye ‘old times in the good ‘ol bartering days. What has changed however is the concept of “charging” for the “privilege of borrowing”. There are some countries that actually make this illegal.

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In-reply-to » Also BTS is only really worth "anything" at all becuase someone else is willing to "buy" it and others are willing to "sell" it. It is in theory (and practise) no different to buying "shares" in a company.

@brasshopper@twtxt.net This is true. If AUD/USD were not traded it would cease to have value.

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In-reply-to » Also I should point out that whilst there are in theory only ever 21M Bitcoins that could ever exist in the BTC currency, the so-called "appreciation" is actually diluting the currency. The value of 1 BTC goes up against fiat currency because of the limited supply. I'm not sure what will happen if/when a) BTC crashes entirely or 2) BTC reaches that 21M limit 🤔

@brasshopper@twtxt.net Dilution here is inherently controlled by the upper bound of BTC. As there are only 21M in the system, BTC has to be diluted over those that hold it, which is why you end up having micro amounts and micro transactions. At some point if BTC became bigger than it is today and more widespread, you’d end up with diluted amounts of BTS in the 10^-9 or more 😅

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In-reply-to » Bitcoin represents the strongest property rights that have ever existed.

@brasshopper@twtxt.net It’s something you should also consider as well here…

There are two things in life you cannot avoid:

  • Taxes

and

  • Death

The only thing you can control is what you do with your time and effort 😅

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In-reply-to » Bitcoin represents the strongest property rights that have ever existed.

@mckinley@twtxt.net Oh don’t get me wrong, I never said a country like Australia or the US or UK or any other “civilised” country would ever do this 😅 – Governments actually like cryptocurrencies anyway (now) since in many countries it is basically considered an asset and comes under the same taxation laws that already exist 😅 – So no good sensible government would ever ban or make crypto hard, becuase then they couldn’t tax it 😂

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In-reply-to » @brasshopper "yearly inflation rate" is NOT "number of new pieces of currency created".

@brasshopper@twtxt.net I think (as I said in another Twt) it’s important to consider that BTC (not sure about other types of cryptocurrency tbh) are equivalent to a company that issues a limited number of shares (they all do) but never issues anymore than the first set.

However, as experience shows, the “share price” only has value because people are willing to buy/sell it. Same is true of BTC.

I have to believe that if BTC was not bought or sold (i.e: exchanged for fiat currency) it would have zero value.

It’s something you learn about wealth, currency and value. It’s called “unrealised value” or “unrealised wealth”. It is only “realized” once it changes hands.

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In-reply-to » As with the example of the gun, designed to kill people, vs the knife to cook, that could be used to kill someone. Money is not moral, but the monetary systems are. That's the tricky part.

@eaplmx@twtxt.net Agreed. One of the reasons why Yarn.social (the software yarnd) deliberately by design excludes a lot of features that you would otherwise find on platforms like REddit, Twitter, whatever and so on… We/I (I guess I still try to be the captain here? 🤔) go out of our way to ensure that any change or new idea (or even old ones) can’t be abused to prop one person up over another, or artificially promite one set of ideas over another, or sell user data, behaviour or metadata, etc, etc.

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In-reply-to » Long term, Bitcoin is an appreciating asset. This discourages debt and therefore discourages slavery.

Btw… The best resource I’ve ever seen was by the “Explainers”:

But how does bitcoin actually work? - YouTube

Which itself is a great video to watch as it really gets down to “how it all works” in a way that (hopefully) all can understand.

The basis idea/premise and underlying tech is quite solid, but I am still not convinced of its use as a global currency of any kind as I really don’t want my transactions to be public 😅 – What if I want to buy my wife a expensive gift? if I did that on any cryptocurrency via its blockchain network (they all use a pubic blockchain AFAIK), then my wife could find out what I bought here. What a ruin to a good surprise 🙄 🤣

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In-reply-to » Long term, Bitcoin is an appreciating asset. This discourages debt and therefore discourages slavery.

@eaplmx@twtxt.net Agreed. I think in time we’ll see how things evolve. What crypto and cryptocurrencies have taught us is that these ancient COBOL systems that Banks still use in today 😳 can be replaced, transactions can take mere seconds and we can rid ourselves of these artificial currencies backed by “governments”, “bonds” and “gold bars” (?!) 😅 – How this will pan out, time will tell..

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In-reply-to » I like twtxt format very much, for being decentralized and everybody can hold their own data. But I see 3 negative points. 1. not everybody can host their file 2. discoverability is hard 3. lack of encryption

@eaplmx@twtxt.net Ahh! I was gonna say, yeah try to follow the official dos from Flutter itself to get a build going, I probably can’t help much as I kind of suck at this in the first place 😅

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In-reply-to » @abucci @prologic I want to emphasize that I asked that question in good faith. I genuinely want to know what ya'll believe to be true. I don't know everything and maybe you know something that I don't. (In fact, I'd love to know why @prologic thinks there's been "harm to the economy", but we can save that for later.) I wanted to hear you first before I started spouting off about why I think Bitcoin (excluding other crypto currencies) is a net good for society. But since ya'll asked, I'll list them in a fork of this twt. (Not gonna try to prove them off the bat. I'm just gonna list things I believe and we can discuss in forks for each one. In addition, I'm leaving room for the fact that writing these things out might lead me to realize that I'm wrong. I'm happy to admit that I'm wrong. I hope you can go in with the same attitude.)

@abucci@anthony.buc.ci To be fair, I think it’s sadly easy to fall into these “traps” (is this what we call bubbles? 🤔) – So in good faith in return let’s go easy on poor @brasshopper@twtxt.net 🤗 – In the world we live in today, it is so easy to fall into these bubbles it’s not even funny anymore 🤦‍♂️ – Truths are so hard to find today with all the media that combarded at us and all the propaganda on all sides 🙄 – The only thing I know to be sure of is in today’s day and age (Information age?) – Data and Information are now considered “modern weapons”.

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In-reply-to » Fiat needs coercion/violence to survive.

Besides Income Tax (in Australia) I’m not aware of any laws that force me to use AUD. If I decide to stop working one day (and get rid of all my investments) and live 100% off-grid – I would have to continue to pay my rates (land tax), but that’s about it. I could in theory just go back to a bartering system with my neighbors or local community and live that way. So i’d be living 99.8% without a fiat currency.

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In-reply-to » I don't buy the "environmental disaster" arguments. In fact, I think the opposite may prove to be true.

This is also wrong. BTC was originally designed on a “proof of work” model. Some captchas are based on this as well (to prove whether you are human). Proof of Work (burning CPU cycles) is wasteful and BTC in particularly has been the most energy resource intensive “distributed network” ever created to date that I know of. It rivals the power consumption of some small countries 😳

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In-reply-to » Bitcoin represents the strongest property rights that have ever existed.

A government can just shut down a country’s internet and communication services. A government can just outright ban the currency.

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In-reply-to » Long term, Bitcoin is an appreciating asset. This discourages debt and therefore discourages slavery.

Also BTS is only really worth “anything” at all becuase someone else is willing to “buy” it and others are willing to “sell” it. It is in theory (and practise) no different to buying “shares” in a company.

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In-reply-to » Long term, Bitcoin is an appreciating asset. This discourages debt and therefore discourages slavery.

Also I should point out that whilst there are in theory only ever 21M Bitcoins that could ever exist in the BTC currency, the so-called “appreciation” is actually diluting the currency. The value of 1 BTC goes up against fiat currency because of the limited supply. I’m not sure what will happen if/when a) BTC crashes entirely or 2) BTC reaches that 21M limit 🤔

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In-reply-to » Long term, Bitcoin is an appreciating asset. This discourages debt and therefore discourages slavery.

inflation (I have an economist) that lives next door to me, has to do with the rise and fall of the costs of good and services. nothing to do with “printing more currency”.

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In-reply-to » Debt is slavery. Fiat encourages debt. Therefore, fiat encourages slavery.

@brasshopper@twtxt.net I don’t think “credit” (debt) and “creditors” have anything to do with a how currency changes hands or how it is represented. The only thing I will agree on here is that debt/credit is a “crooked scheme” designed to make money from money.

It is a big massive problem in many modern societies and countries. Look at Australia’s national debt for example, its insane 😅

I personally don’t believe in having any debt. But this is not realistic for all. I definately don’t believe in “living above your means” either (same thing).

Debt/Credit is as bad (more or equally so) than Gambling.

But… Nothing to do with aparticular type of currency.

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In-reply-to » This twt is from a user you have muted.

I agree that inflation is a rort, and tax is well kind of required if you want common infrastructure and what not, but also efficiently spent in many countries, controlled (in many cases) by corrupt politicians and governments and often doesn’t serve the people that it should. There a loads of problems with taxes, and I believe inflation is stupid.

We just got our rates bill (think land tax) and the value of our land (that our house sits on) went up by some stupid amount.

One has to wonder… At what point does the value of something (and thus the taxes you have to pay) stop going up?! 🤦‍♂️

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In-reply-to » @xuu proof of stake = people with money get more money. It accelerates the wealth inequality problems that are already plaguing us. Crypto has even worse wealth inequality than fiat currency systems, which is 100% predictable.

@abucci@anthony.buc.ci Re proof of stake and inequality… Is this because people with money stake to vet/validate transactions and thereby make more money in the process? 🤔 – This is at least how I understand it works generally… How is this different from those same people(s) investing that same money in things like Shares/Stocks,Businesses, Savings Accounts, etc? 🤔

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In-reply-to » I like twtxt format very much, for being decentralized and everybody can hold their own data. But I see 3 negative points. 1. not everybody can host their file 2. discoverability is hard 3. lack of encryption

@tkanos@twtxt.net Haha 😆

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In-reply-to » I like twtxt format very much, for being decentralized and everybody can hold their own data. But I see 3 negative points. 1. not everybody can host their file 2. discoverability is hard 3. lack of encryption

@eaplmx@twtxt.net What’s the error? I have zero experience with Windows though and I build the Flutter codebase on macOS here normally

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In-reply-to » @brasshopper bitcoin 🤮 that's a hard no from me

@brasshopper@twtxt.net Aside from the ridiculous hype of it all, the insane losses and harm to the economy, and the massive environmental disaster that is most crypto* – My biggest gripe with it all, is simple this:

I don’t want the world to see my fucking transactions!!!

🤣 🤦‍♂️ 🙄 Right now my transactions are seen by my Bank, my Wife and myself. I also use a financial tool to track expenses and make decisions, etc. The simple mere fact that cryptocurrencies are based around the idea of a distributed network topology and a data structure designed to be in the open with algorithms that make it hard to tamper with, is well insane 😅 Good for things that should be in the open and transparent, not good for things that should not be, like privacy 😅

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In-reply-to » I like twtxt format very much, for being decentralized and everybody can hold their own data. But I see 3 negative points. 1. not everybody can host their file 2. discoverability is hard 3. lack of encryption

@eaplmx@twtxt.net Why aren’t you using our Mobile App Goryon? 🤔

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