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[–] [email protected] 1 points 2 months ago

Lol the like to dislike ratio on this. Unsurprising for Lemmy.

He's a shitty person but any adoption is good adoption.

[–] [email protected] 2 points 3 months ago

No wonder people advocate defederating from hexbear, you're basically spam. This is the second time you have responded to one of my posts, with the same line, and it's not a response to the post.

[–] [email protected] 2 points 3 months ago

I usually don't interact with them, I just check out the sub from time to time. Some are actually pretty reasonable and have similar beliefs to Bitcoin maxis, calling out a lot of crypto scams, they just happen to also hate bitcoin on top of that 😂. I wouldn't go as far as calling it a troll sub.

 

I just found it really funny that the Bitcoin haters at /r/Buttcoin are talking up how banks are avoiding Bitcoin but the top comment confirming this admits there is massive client side demand from institutions and family offices...

[–] [email protected] 2 points 3 months ago

greeting comrade

[–] [email protected] 5 points 3 months ago

Weird, seems like the exact same concept but for social media, yet no one is here.

Thanks for clarifying about the other comment 😂 I honestly thought they said I would lose all my money if we were all on the same community, was genuinely confused.

 

I stopped coming back to Lemmy 6 months ago after seeing there was not enough traction. Is there any good community for Bitcoin or just Crypto that is active with daily users?

The mod for this community (lemmy.ml) seems to have disappeared long ago (no posts, no comments, and I reached out to them many months ago and they have never got back to me)

The main mod for lemmy.world/c/bitcoin is just a squatter, who specifically mentioned to me that they are there to hand it over to the Reddit Bitcoin mods if they ever appear.

discuss.tchncs.de/c/bitcoin seems to have the most active mod, although I haven't checked the other bitcoin communities recently. I think it would be good to move activity over there, unless people think there is a better sub.

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submitted 3 months ago* (last edited 3 months ago) by [email protected] to c/[email protected]
 

A surprisingly neutral take from IMF researchers on Bitcoin in a recent paper. A 43-page paper, A Primer on Bitcoin Cross-Border Flows: Measurement and Drivers

Twitter user @Matt_Hougan gives the following summary:

Takeaway #1: Countries that have limited access to the broader global economy are big users of bitcoin on a relative basis.

The paper notes: “The magnitudes of the estimated Bitcoin cross-border flows are sizeable with respect to several countries’ GDP, especially in those which experience relatively small capital flows.”

This finding is repeated throughout the paper. It makes sense: People in countries facing either capital controls or limited access to the global economy are using bitcoin as a release valve.

People have called bitcoin a tool for economic freedom. The data in this paper provides a proof point that it's being used exactly for that.

Takeaway #2: The US is an extreme outlier in its low adoption of bitcoin vs. traditional capital flows. Our perspective, therefore, does not reflect everyone’s reality.

As proof, the paper includes a great chart comparing cross-border bitcoin flows vs. flows into traditional investment products by GDP. (Note: The chart labels traditional flows “EPFR” because it gathers the data from EPFR Global.) You can see that the US has the most extreme reading in its dominance by traditional funds. On the other end of the spectrum are countries like Venezuela and Ukraine.

Takeaway #3: The IMF is paying attention to bitcoin.

This is a serious paper. It's written by three IMF researchers, includes a survey of relevant academic literature, and takes a sophisticated approach to using using on- and off-chain techniques to determine bitcoin capital flows.

The IMF is doing this research because bitcoin "has grown rapidly over the past decade" and policymakers increasingly need to understand its impact on the global economy.

Consider this piece from the conclusion:

“These findings are in line with a recent body of work suggesting that Bitcoin facilitates the circumvention of capital flow restrictions (Graf von Luckner et al., 2024, 2023; Hu et al., 2021). As highlighted by IMF (2023a), policymakers aiming to manage capital flows should ensure that capital flow management regulations cover crypto assets.”

They also note that rising bitcoin use is a "symptom" of imbalances in the traditional economy.

The world is waking up to bitcoin.

[–] [email protected] 1 points 4 months ago

The article is not about Bitcoin but it's the first thing I thought of while reading the article, smuggling gold is so 2010.

 

Smugglers melted and spray painted $10 million in gold to look like machine parts - but they got caught.

[–] [email protected] 0 points 9 months ago (1 children)

I just don't log in that often, still stuck on the Reddit juice. The paradox requires that society be maximally tolerant, if there is some level of intolerance and tolerance to authoritarian ideas, that's just regular society, happens in every country, and is not an example of a country that is exclusively tolerant of all positions.

I don't know of any country where someone can be openly pro fascist. I'm sure you could find some for me outside of western countries but that's not the point. That is, unless you are one of those people that calls Trump supporters literal fascist, in which case I will say: I think Trump is a used car salesman, an idiot, a massive problem for the United States, but definitely not a fascist coming to take over America. But if you believe that, then I can see why you believe people tolerate fascism but unfortunately that is a false perception and I'm not gotta be able to talk you out of it in an online post.

[–] [email protected] 0 points 10 months ago (3 children)

Most countries have laws or social norms that restrict Nazis, no one claims he be tolerant of Nazis so the theory does not apply to that case. I also don't see Nazis anywhere, there are some fringe groups, like there always has been, and more polarized politics, but you can't ban polarized politics, that would be a police state.

[–] [email protected] 1 points 10 months ago (5 children)

Any problem that is a prisoners dilemmas will produce this "paradox". But people don't describe prisoner's dilemmas as paradoxes because they resolve in some equilibrium. In a prisoner's dilemma, if one party always cooperates and does not cheat or punish, they will be eliminated by competition willing to do so. So in my example, if a society prioritizes niceness, then the nice will be taken advantage of, and there will no longer be nice people. But this doesn't actually happen, but it's the same logic.

[–] [email protected] 2 points 10 months ago* (last edited 10 months ago) (7 children)

Karl Popper is a cool dude, I'm sure if I read his paper on this topic I would completely agree with his points, it's still a relevant conversation to be had. I just don't like the term paradox. "If you are too nice to people you will get taken advantage of" is not a paradox. The paradox is just a variation on that.

[–] [email protected] 26 points 10 months ago (10 children)

I've always disliked how this is described as a paradox. It only highlights a broader point found in many systems, a just system is never about "the good" outnumbering "the bad". It's about a balanced equilibrium, as are most relationships. Besides, allowing intolerance is not a tolerant act, that's not the way we define that term. To make such a claim would be as ridiculous as a racist person saying they are practicing tolerance by not challenging or question any of their bigoted thoughts and instead just letting them play out.

[–] [email protected] 10 points 11 months ago

I've seen Italian sites that will put up a pay wall if you refuse the cookies.

331
Life rule (lemmy.sdf.org)
 
 

Just wondering if there is a risk of it being recoverable after the transaction has been completed. I figured it would be stored in RAM and thus unrecoverable after powering down, but I can't seem to find anything on that.

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