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Titanium Rain
Luke Smith
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Comments by "Titanium Rain" (@ChucksSEADnDEAD) on "Background and Direction of Our Cyberpunk Dystopia" video.
Do you get something where if you start to type out something spicy, or there's enough "bad words", the entire paragraph turns red? It's not the browser because it happens on any browser, OS or computer I try, but I've asked around and nobody has seen this.
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@daa3417 Yeah it doesn't happen in the app.
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@gaafts Nothing has inherent value, as value is entirely subjective. Gold is "valuable" because compared to other metals it's more stable to chemical attack (doesn't tarnish or dissolve as easily), it's soft and can be easily melted which makes it easy to work with, it's dense which makes it difficult to cheat people by sticking another less valuable metal inside a gold bar, and like you mentioned it's rare enough that it's difficult to introduce it to the economy (aka getting money for doing "nothing"). On a vacuum gold isn't any more valuable than copper or iron, but it has the properties that make us think "uh, that gold sure is a better and more convenient form of currency". Your assumption is correct. It's the principle that makes something into a currency.
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@gaafts Or it's just a poster hung sideways.
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Even the Western dystopia requires the tech overlords to twist themselves into pretzels and say the dumbest things imaginable to justify what they've done (such as the Patreon CEO coming out and justifying Sargon's ban on "MOB rule"), and Carl "Applebee's Suit" Benjamin is doing fine with the Lotus Eaters. If you think China is not a thousand times worse, you're giving them too much credit. Pun intended.
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Money is simply a token of exchange. If money is the wrong thing, so is everything it represents.
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"state backed crypto probably won't be created" - It probably will, but for nefarious reasons. "Since noone can then pay for anything with them, they are DONE." - Okay. Legally speaking you cannot pay for anything with drugs. You'd be surprised at the amount of things you could buy with coke. "Main problem with cryptocurrencies is they simply have no source of value" - Nothing has source of value. "They are not made of anything precious, and they have no state backing." - Baseball cards also aren't made of anything precious or have state backing. People will pay a pretty penny for the rare ones.
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@siwiecministro1994 The black market is a perfect example because it outright nullifies any claim that banning something will make it impossible to use. People who do drugs see drugs as valuable. People who want to move money outside the system see crypto as valuable. And will do quite a lot to get it. Collectors are a good example. Something is in demand. People will pay for it. Just like the state sets the currency as the way to pay taxes, society can set crypto as the way to move money outside the system.
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@vlad.the.impaler. Over her shoulder, bottom left corner of Luke's facecam.
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How do you outlaw me writing an IOU in a piece of paper and handing it to you?
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@JamesSmith-ix5jd It doesn't have to be accepted at the store. As long as you can come to me and force me to honor that debt, that piece of paper I scribbled on holds its value. Now extrapolate. There's a million people around the world who will accept my IOU. That means you can shove that piece of paper inside a book, travel to another country, find a trader who will accept my IOU, and give you your money back. It's infinitely easier than moving drugs. How do you ban it? There's a reason criminals loved the 500 Euro bills. It's a pain in the neck to move cash. Can you shove a million dollars inside a book and go through an airport?
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