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Joined 2 years ago
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Cake day: November 5th, 2023

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  • Your $1 has absolutely changed in value by 10pm. What do you think inflation is? It might not be enough change for the store to bother changing prices but the value changes constantly.

    Watch the foreign exchange markets, your $1 is changing in value compared to every other currency constantly.

    The only difference between fiat and crypto is that changing the prices in the store is difficult, and the volume of trade is high enough to reduce volatility in the value of your $. There are plenty of cases of hyperinflation in history where stores have to change prices on a daily basis, meaning that fiat is not immune to volatility.

    To prevent that volatility we just have things like the federal reserve, debt limits, federal regulations, etc that are designed to keep you the investor (money holders) happy with keeping that money in dollars instead of assets. The value is somewhat stable as long as the government is solvent.

    Crypto doesn’t have those external controls, instead it has internal controls, i.e. mining difficulty. Which from a user perspective is better because it can’t be printed at will by the government.

    Long story short fiat is no different than crypto, there is no real tangible value, so value is what people think it is. Unfortunately crypto’s value is driven more by speculative “investors” than by actual trade demand which means it is more volatile. If enough of the world changed to crypto it would just as stable as your $.

    Not saying crypto is a good thing just saying that it isn’t any better or worse. It needs daily usage for real trade by a large portion of the population to reduce the volatility, instead of just being used to gamble against the dollar.

    Our governments would likely never let that happen though, they can’t give up their ability to print money. It’s far easier to keep getting elected when you print the cash to operate the government, than it is to raise taxes to pay for the things they need.

    The absolutely worthless meme coin scams/forks/etc are just scammers and gamblers trying to rip each other off. They just make any sort of useful critical mass of trade less and less plausible because it gives all crypto a bad name. Not that Bitcoin/Ethereum started out any different but now that enough people are using them splitting your user base is just self defeating



  • Nope, the switch only keeps saves on the internal storage or synced to their cloud if you pay for it. When doing transfers between devices like this there is no copy option only a move and delete.

    There are some legitimate reasons they want to prevent this like preventing users from duplicating items in multiplayer games, etc. Even if you got access to the files they are encrypted so that only your user can use them.

    I think the bigger reason they do this is there are occasionally exploits that are done through corrupted saves. So preventing the user from importing their own saves helps protect the switch from getting soft modded.

    If you mod your switch you can get access to the save files and since it has full access it can also decrypt them, so that you can back them up. One of several legitimate reasons to mod your switch.




  • Sales taxes are state/city level taxes, there are no federal sales taxes (yet). But he is essentially using the tariffs as a way to enact sales taxes without really adding a sales tax.

    With the tariffs he can add a massive tax on the people which Republicans would normally be very much against, but he can say it is about being pro American and most of them forget about all of the extra money they will be paying.

    This shifts the tax burden further onto middle/lower income homes and lets him give more income tax cuts to higher earners without increasing the deficit so much that congress would turn on him.

    The Republicans have actually been talking about this for a long time they called it the “fair tax”. Their fair tax plan was basically a flat ~23% federal sales tax that would replace income tax, but they could never get their base behind it.

    Someone on Trump’s team realized that we buy so much from other countries that he could accomplish the same thing the fair tax aimed to do via tariffs while selling them to his party as “buy American”. His lower/middle income base eats that up, and his campaign donors see it as killing their overseas competition.

    If it weren’t for the other countries reciprocating it would have been a good plan for them.