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Joined 1 year ago
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Cake day: June 20th, 2023

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  • What do you mean by direct-to-content-producer? I can’t find it on Google. Are you suggesting the viewers pay the content creator and the content creator pays YouTube for hosting?

    Subscription is a reasonable funding method. It’s also reasonably priced. I think the bigger problem is companies that refuse to offer subscriptions, because Facebook knows no one is dumb enough to pay $15-20 a month, but that is what they make off the ads so offering the service for anything less would cause them to lose money. Merely offering the subscription shows users how much Facebook really makes off of them.

    YouTube is also very generous with how much they spit revenue with creators. I don’t like that they exist as a monopoly, but at least they aren’t parasites like the other half of the web.






  • Just a friendly reminder: The Stanford Prison Experiment was not an experiment. There was no control group, there wasn’t even proper procedures set up. It was just some professor off his rocker that had a dumb idea, made shit up as he went along, forced the outcome, then publicized the results. People always compare it to Milgram. This idiot can’t hold a candle to Milgram.


  • Not sure why people hate him so much. I figured it was due to the “Narcissism of small differences”. His world view is completely in line with his beliefs. He’s not wrong, BTC is no less a fiat currency than US dollars. I happen to think that is irrelevant, and that an open sourced fixed supply fiat currency can be a superior form of money, but it doesn’t surprise me that a gold bug would feel differently.

    I’m more confused by Bitcoiners hating on Schiff than the other way around. Who cares? Half the world still calls it a scam. I’m happy to let gold bugs in my tent and let them challenge BTC if they also attack central banks and the FED.

    Besides, at the end of the day, iron sharpens iron. I actually think well thought out descent helps strengthen the community.



  • Yeah I could totally see some return to a gold standard if things get bad, or at least, a partial backing with a basket of other currencies or something. In the short term, I don’t expect gold to go up, nothing seems to cause gold to go up in price. I don’t get it. I’m heavily invested in gold as well but I guess there are a lot of people that benefit from the fiat system so there is sufficient selling pressure.


  • Whole systems would have to collapse before something like that happens. The ability to print money is too great an option for governments. I think most realistically it just becomes an asset class that people hold in a diversified portfolio. If BTC got large enough and stable enough, and people preferred it over other currencies, the other fiat currencies will still exist as an unbacked fiat, they would sooner end a currency than back it with bitcoin.