/biz/ - Business & Finance

Nobody cares anymore. Crypto has been finally dead and proved to be useless forever since December 2022 and the reveal of chainlink staking and showing, that crypto cannot communicate ever in a permissionless way with the outside world and therefore failed to be something useful. It's over time the faggots accept defeat and that an XML database is literally worth more than the entirety of crypto ever will

>>56022594
sauce
>https://whale-alert.io/transaction/ethereum/0xbb30509b971ae5f07a771d7d29eb1fa5d9feae9d65488fafbef013ebccd97989

Nobody cares anymore. Crypto has been finally dead and proved to be useless forever since December 2022 and the reveal of chainlink staking and showing, that crypto cannot communicate ever in a permissionless way with the outside world and therefore failed to be something useful. It's over time the faggots accept defeat and that an XML database is literally worth more than the entirety of crypto ever will

>>56022612
>>56022627
But why do you care if nobody else cares?

>>56022659
You mean why I typed those words, and why the fail troll , that forgot to add a greentext and a wojack copy pasted it? That's up to your imagination, interviewer,

>>56022659
We want our business and finance board back. And all crappocurrency ponzi schemes to fuck off.

>>56022681
>we
Faggot

>>56022690
Fuck off baggies. Go advertise your ponzis on elons dead nostalgia social media bot and advertising platform

>>56022700
Faggot

OH NO ITS REQ WALLET

>>56022612
>dead
>the market goes up 100%
?

>>56022700
The board is slow as fuck, it's not like your business threads are pushed aside

>>56022734
>Line go up ponzis
If you want to play ponzi games, there are better options than crypto

>>56022771
That's not an answer.
If it's dead since december, how cmoes it did, in fact, go up starting in december?

>>56022787
Somebody doesn't want to accept reality and hopes they can keep memeing shit like the boomers have memed with their 90s eco fascist bullshit pyramid scheme, that failed 30 years ago

>>56022815
Ok so no argument. Got it.
I accept your concession.

>>56022824
No. You are playing 3 monkeys. Thankfully, your ponzi pretty much, from a financial point of view, is tied to the hip with the boomer real estate and communist eco fascist "renewable energy" scam and will fail financially speaking together

>>56022841
Ok so no argument and just schizo nonsense. Got it.
Concession accepted.

>>56022850
Keep being a boomer, nobody cares genx faggots. The outcome is determistic, capital misallocation

>>56022866
>still no argument
>still schizo nonsense
It's funny how I can tell you are the same schizo from that Beavis and Butthead thread.

>muah argument
>Muah comic show
>Screeching insults
Holy shit are you desperate jew

>>56022927
Ok so no argument. Concession accepted.
Imagine being such a recognizable schizo that people can tell who you are from reading your posts. Crazy stuff.

Dude, you are projecting hardcore, are you sure, you aren't really shizophrenic?

>>56022962
>still no argument
>schizo
>writes like a pajeet
Concession accepted.

>Screeching screeching more screeching
Did I send you jew into a psychotic episode? How heavy are your bags? Do you have any argument beside, muah line go up lol, to show that I'm wrong with saying that crypto failed to be more than a pyramid ponzi scheme that is tied to the hip to the rest of the boomer pyramid scheme "economy"
I guess no
So keep screeching and sing the song of your people

>>56022996
>starts projecting
Concession accepted.

Shalom jew. Keep screeching into the void and try to scam a smaller and smaller pool of idiots

Now apologize yid for being wrong

>>56023040
Still waiting for that argument, schizo
until then concession accepted

>>56022734
Bull trap. Next leg down is gonna destroy you niggers. 8k is programmed

>>56023051
>dead
>market has activity
?

>>56023050
>>56022612
>>56022815
Your ponzis are worthless, they have less value than an xml database

>>56023076
>STILL no argument
?
Concession accepted

I don't argue with you jew, by now I'm mocking you
>Muah argument
>Muah argument
>Muah argument
>Muah argument
You are really shizophrenic

>>56023097
So no argument, got it. That means you lost and I won. Concession accepted.

Hey I think its quite amusing making an unrefutable point that crypto is a worthless inferior database with no real world value and are able to send a jew into a psychotic episode

>>56023113
Still no argument.
You lost. I won.
Concession accepted ;)

You don't win anything. That would be convincing anybody reading your screeching jewy that you are right, you are factually wrong

>>56023141
>NOOO NOO YOU DIDNT WIN YOU DIDNT WIN
lol, no argument bro
you lost and I won
concession accepted

And jewy its really about time dass du über Selbstmord nach denkst

>>56023153
>more schizo nonsese
lmao you are so mad that you lost
concession very much accepted

jewy jewy jewy, you hold bags to 0. while I'm out in time and can make out, when a path is unwalkable and something run its course

>>56023219
>still no argument
You sound extremely unhinged right now.
You lost, concession accepted.

Keep watching yet another investment of yours die, I'm watching you die this time

>>56023253
And just like that, another post without an argument.
You lost. I won.
Concession remains accepted.

Not everything is an argument you disabled jew. I make statements

>>56023279
Statements are backed by proof. And you didn't provide any.
Once again, you lost and I won.
I accept this concession as well.

The proof is what you want to ignore jew, the grift is done only kept alive by desperate baggies

>>56023408
>the proof is that I have no proof
Concession accepted

>>56023677
You can't disprove, that crypto is just an inferior database, that is unable to compete with any other database on this planet, and every search for a solution was a failure. But I doubt you understand what crypto is and fell for advertising, like the drooling retard ponzi gambler you are

>>56023711
You can't disprove that I'm right therefor you are wrong.
You lost. I won.
Concession accepted.

I'm the op in the other thread who theorized that there is one singular gay bear posting at all hours. I will come in and out but I am compiling this niggas post and will deliver once I get enough info compiled.

>>56023729
I did. In my first post your entire screeching was disproved. You are the greatest fool, waiting for something that doesn't exist, a fool greater than you

>>56022720
What are these french mozzarella inserting faggots up to again??? Haven't they done enough harm already?

>>56023744
>I did
You didn't.
>still no argument
>still no proof
You are completely defeated by me, the superior being.
Concession accepted.

>>56023765
Your brain is not developed far enough and you have no "knowledge" about the subject, so you are unable to even understand what I wrote. You are a pigsheep and there are no bigger pigsheep than you

>>56023802
Still no argument. Still no proof.
You lost. I won.
Concession accepted.

You gave up jew, just repeating your mantra like a shizo that should kill himself. You can't refute that of the 40 years repackaging html, some database and a script language and selling it to idiots, like you, crypto is in retrospective the most worthless and valueless database of them all

>>56023907
You didn't provide an argument or proof, I don't have a reason to deviate from that simple fact.
You lost. I won.
Concession accepted.

>>56023929
You are unable to understand the argument shizo. You are too low IQ to understand what the funny digital token you buy with dollar are. Fuck are you stupid.

>>56023952
>You are unable to understand the argument
But you didn't provide one (nor proof).
You lost. I won.
Concession accepted.

>>56023907
>>56023929
There is not a woman or man on this planet who would have sex with either of you.

>>56023963
It cannot scale without sacrificing security and/or distribution, it cannot communicate with no crypto databases in a secure trustless permissionless way. It's in every way an unecessary gimmick. But you don't understand that, because you are a baggie, a drooling brainwashed baggie

>>56023985
That's nice but irrelevant.
You said "It's dead" I proved it's not dead by pointing out that it rallied 2x.
So, AGAIN, no argument.
You lost. I won.
Concession accepted.

There is no point talking to a braindead and washed baggie that gets fucked by (((market makers))) desperate for your liquidity to keep their scam alive

Go down with the ship

>>56024020
Again, no argument.
You lost and I won. Simple as.
Concession accepted.

Mantras mantras mantras
Typical shizoid.
No point keep putting dollar into market makers pockets. No bigger fools than you coming

>>56024062
>Mantras mantras mantras
Correct. It works because you don't have an argument or provide any proof.
You lost. I won. It really is that simple.
Concession accepted.

Keep mantraing and bumping the thread. You didn't won anything, you lost, and you keep losing bumping the thread

>>56024078
No argument or proof again.
You lost. I won.
Concession remains accepted as long as you don't provide an argument or proof (You won't).

You lost shizoid.
You are unable to show that crypto databases are not worthless outside of ponzi price in dollar up on ad hoc time

>>56024191
Still no argument.
Still no proof.
You still lost. I still won.
Concession is still accepted.

Your brain is too scrambled to understand the unsolvability of the trillema and the failure to solve the oracle problem
Not my problem if you baggie accepted that your "tech" had no tangible value, no usecase and lost competition to 40 year old databases.
Keep hoping for bigger fools to buy your bags
And don't forget to buy bags yourself, many that understand the grift is done need your liquidity to get out

>>56024238
>copypasting the brochure now
Not an argument, not proof.
You lost while I won.
Concession accepted.

Baggies, desperate baggies waiting for bigger fools to buy their doggie bags, lol
At least binding you shizo here makes you stop spamming the board

>>56024263
>Another post
>Another complete lack of argument or proof
I keep on winning. You keep on losing.
Concession remains accepted.

As said above, I' mocking you spamming baggie

>>56024263
It appears you’ve conceded the argument, sorry for your loss.

>>56022735
>>56022715
>>56022659
He's just a shill, he even reposted the same content twice. Don't take it to heart, their posts are pretty formulaic:
>establishing false consensus ("nobody cares anymore")
>somewhat technical but understandable description ("crypto cannot communicate...")
>comparison to seemingly worthless thing (XML database)
>attempt to establish a conclusion ("than the entirety of crypto ever will")

>>56024280
>no argument
>no proof
Seems like I just keep winning and you keep losing.
Concession accepted, son.

>>56024289
The argument is in the first post
>>56024291
You can't disprove it, without resolving to "narratives" and ponzi arguments about token prices in dollar
Technically speaking crypto databases are worthless

>>56022594
swapping for LINK?

>>56024306
>The argument is in the first post
No it's not. That's why you lost and I won.
Concession accepted.

>>56024312
Just because a ponzi player doesn't understand the technical nature doesn't disprove the statement
There are two kinds of people in crypto ponzis, those that know it's a ponzi a d those that don't

>>56024321
>statement
Statement are backed by proof. You have provided no proof.
Therefor, you lost and I won.
Simple as. Concession accepted.

>>56024321
Listen, no matter how much you whine, I am never going to invest in regular stocks. You will not get me to invest in an asset that dilutes its shares, it just won’t happen. Sorry.

Yeah just because you never read on the trillema and don't understand the the oracle problem and what it tried to solve doesn't mean that it isn't a proof. You should put yourself in an i institution for mentally sick, or just kill yourself baggie

>>56024338
I consulted the oracle just now. He said that you’re a retard and your car should get keyed.

>>56024334
I don't care how you lose your money. All I'm saying is, that crypto databases failed to deliver and are at this point nothing more than technically inferior databases on which a small minority plays ponzi games with the ultimate goal always being to steal dollar

>>56024338
You don't provide proof and that makes you factually wrong. Simple as.
You lost and I won. Concession accepted.

>>56024347
Are you an ivan, desperate for dollars? Seems like it.

>>56024352
Ok so... no proof or argument again? Got it.
Concession accepted. Me (the superior individual) won by defeating you (the inferior individual).

>>56024306
If you mean he XML-thing: a database never has any value, it's not a tradeable good, though databases have use-cases, and they do have worth, that's why people maintain them. The utility of something like POW is to be a game-theoretically stable solution to the problem of making up money, in essence.
It's only a *game-theoretically* stable solution, so monumentally wasteful, true enough, but people do think it worthwhile to operate it because it's much more easily transportable than gold, and difficult to counterfeit, with a fixed supply cap. Leaving aside how good a fixed supply cap is, you can understand why people would want a digital version of gold too.
Of course, gold is just a token too, so not gold as people imagine it. The goldbugs would mostly trade gold among each other, and for that, they might as well use goldbug-tokens. In a sense, you could even see Bitcoin as an IOU-system for gold, which would be filling, judging by the support it enjoys, a real need. It's not superior in all aspects to gold since it depends on electricity and the Internet, and is more easily trackable, but is has its advantages in that its more easy to transport. You could actually probably use BTC to track gold-reserves if you wanted to, even.

>>56022668
>its over

>>56024382
As said, you have to resolve to "narratives" aka lies that were transported by despicable mass media behaviorism and depend 100% on available liquidity, fiat liquidity inside the ponzi. And of course, a database has value, it's a software, in which data can be siloed and used by third parties for deriving information, the monetary value of course is very subjective

>>56023083
>>56023101
>>56023055
>>56023050
Based (and concession accepted).

Bump

>>56022594
Lmao all of you doomers should start shutting the fuck up and looking to find a real job because posting on this god forsaken board about muh coinbase (dead since months ago) dumping on eth will not move anyone. BTC is still strong as ever, if only passing trough the recession, USDT has passed a lot of official audits (crazy that not a single one of you fudders talk about that huh) and x.com is becoming a staple of altcoins while everyone looks at link.
So gtfo of my board

>$1,620.99 0.20% 0.92% 1.71%
wow it's fucking nothing

>>56024492
The crypto-space is 99.9% scams, no argument there, propped up by money people invest into the random bullshit. God knows I wasted enough money and various dumb projects, so I know.
I'm just saying that a technology like BTC could have have value, but completely independently of how it gets used now. But yeah, that's a different question what value is in crypto nowadays, just mixed up. Sorry for accusing you of being a shill, by the way. I just saw one duplicate post and jumped to the conclusion.

>>56025383
No hard feelings, this an anon board, with ids.
Though the issue with crypto in general and btc as well, looked at it from a non technical but rather abstract phenomenal perspective remains the expectation, line go up in the dominant unit of account, how, doesn't matter, line must go up, else the brainwashed part of the population dismisses it. So as a stable pseudo-money unusable, for the same reasons, deflationary money has been criticized since forever, it's not benefital to stimulate productive economic activity, because it wont be spend, expecting line go up in the dominant unit of account. On top, nobody, outside of very specific societal irrelevant niches accepts btc or any other crypto for goods and services, while speculation and manipulation of price in the dominant unit of account for profit is incentivized, which leads to crazy volatility and it just being a pyramid scheme, useless as money

>>56022612
>well that is some retard shit I hope anon stuck around to elaborate why he sold the bottom and closed his eyes
>41 posts
kek

>>56025383
Jews have a tactic where they implicitly state lies and assert them as truths to support other lies in their arguements. To correct them you need to unpack the entire web of lies. By which they've shifted the goalposts anyway. It's that 'jewish genius' they brag of. It's what this one has done. He even accused you of being Jewish, because that's their tactic too.

>>56025545
>>56025561
Hey baggie shill
No "we" won't buy your bags
>Muah common enemy fellow user sthick
Gtfo you yiddish pajeet

>>56025753
hey I just want you to know that
A) I hold chainlink
B) never selling it

>>56025902
Good for you. I don't care. It failed.

>>56022720
What the actual heck is a REQ wallet? Where did you dig this crap from? Pajeets are all about using the Brillion wallet for transactions, 'cause it hooks you up with those sweet lower fees and cashback every time you make a transaction.

>>56024307
You're fuck swapping ETH for any alt. I'll continue to DCA on ETH and some altcoins that will sure give me plenty of bucks in a bull market. Check DUA as a cross border payment project and self custody wallet, RIO for RWA and grow with it.

Richard Heart tried to warn us

Alright who buck broke the bot?

Nobody cares anymore. Crypto has been finally dead and proved to be useless forever since December 2022 and the reveal of chainlink staking and showing, that crypto cannot communicate ever in a permissionless way with the outside world and therefore failed to be something useful. It's over time the faggots accept defeat and that an XML database is literally worth more than the entirety of crypto ever will

>>56025902
What's the make-it stack anon? the only assets I'd never sell are my ETH, FET and maybe XTP seeing as the adoption of its Fintech services keeps scaling.

>>56022612

>>56022594
Better to diversify our portfolio on the whole. I have a got a solid bag with QRDO, ONE, SOL and QANX. Just hodl to make it

>>56025458
The usefulness of money is tied to how widely its accepted. BTC is really only accepted by exchanges (bit like Osmium, where you only have 2-3 dealers from whom you buy and sell), but there's also a few merchants and shops. Ok, not many, but some.
I can see the issue with deflationary money too, people rationally hoard it. I think you'd actually two kind of "moneys", or that what we call "money" is actually two different things that strain against each other: the medium of exchange and the store of value. BTC isn't that suitable as a currency because of the TPS-limit alone, but it's also deflationary, as you said.
You'd ideally have something that's specifically a currency, so a medium of exchange, but not the only store of value.
Its fair value would be purchasing power, so just how much currency vs. stuff there is.

So I think
S = [aggregate supply of goods]
D = [aggregate amount of currency]
M = ["market cap"]
N = [number of tokens]

So just P=M/N=S/D. And an acute spike or fall in demand would temporarily dislodge P from its equilibrium point temporarily, but you could just introduce some dampening factor F (that's the whole "free market" thing with finding fair prices), which, if you put it in, would look something like
>P = Integral[M/N + Q] dQ
that'd converge to Q=0 over time.
(this isn't super-exact notation, so my bad if something doesn't make sense)
Now, you couldn't determine Q, and a simple oscillator could start to oscillate out of control due to harmonic resonance, which, in our world, would be that everyone is watching the Fed minutes like a hawk (lol) and is ready to crash the market with no survivors the minute the Fed raises interest rates by 25BP, which then necessitates that the Fed cut rates again, rinse and repeat.
I'd be tempted to say that you'd just need to make some... Taylor-series with the "dual" of the previous element or something, but economic equations are Turing-complete, so that wouldn't be totally foolproof.

>>56025458
Sorry, got carried away there. Anyway, that's all "currency-mechanics", they could be different too.
But independently of that, there are "reserves", which would be things like Bitcoin, gold, bonds, etc.
It doesn't matter whether they're backed by anything or not, nothing is backed in the strict sense by anything.

Reserves are like perpetual, immanent futures-contracts (I just talk this weird because I'm having a kind of vision about business and finance. Like the most boring DMT-vision, basically. I'm not on DMT, I'm just trying to explain that I can't help talking like this) or "global call-options". Due to them being bearer-instruments, they are somewhat "censor-ship" resistant. Gold is actually not worth anything, its "fair market value" if we wanted to go by the use-case of jewelry, would be maybe 100 dollars (just some guess). The current market price of 2K or thereabouts is due to people hoarding it (nothing bad, just a descriptive term) as reserves, in coins and vaults. Due to its rarity, it, by its very physical existence, can serve as a naturally difficult-to-counterfeit token. It also has no "transaction history" due to being a chemical element, so it can always be exchanged due to just market mechanics, so it's a lot like XMR in that way. BTC is the same way, except for having traceable transaction histories, which makes it second in quality (like silver vs. gold, funnily), though that ranking is world-dependent: having a visible transaction history is only a problem if people choose to be assholes. Also, on a large enough scale, they can't be assholes about it, so if a nation-state makes a transaction the others don't like: ok, they don't like it, but presumably, there'd be some pre-existing hostility there, so it's not as if some BTC-transaction would make much of a difference. What I'm saying is that BTC is basically the same as gold in terms of functioning as a reserve-"asset".

>>56029098
First, Bitcoin is no store of value. It's a pyramid scheme without a real demand outside of brainwashed ponzi players and drooling boomers that got scammed by "it's da futuar" pitches.
Second, in your religious believe in modelization, you forget something, you can't top down force the use of whatever as money, and make humans use it as your top down ivory tower brain thinks it should be used, that's communism and doesn't work. Humans don't work according to economic axioms about generalizable economic rational choice or other axioms, there is no common consciousness.

And then we have the fundamental grypto currency issues, a permissioned one is pointless, because one could just use any other database as a blockchain would just be a gimmick. And permissionless simply doesn't work due to trillema and failure to solve the Oracle problem.

There is no academic fart huff solution to money, there is no top down steering of human behavior, far less models able to predict the future of anything. Its time your kind accepts that order doesn't exist, and the natural state is chaos, the best one can hope for is get a base trust among humans in certain territories, and that's already a nearly unsolvable problem, that thanks to economic scammers and pyramid scheme players that imported every fucking ethnie under the sun to the west to collaterize for their pyramid scheme is fucking out of the window

>>56029156
You simply fail to see where gold has a real demand for tangible goods, that in themselves of course are dependent on offer and demand, the only demand for btc are ponzi gamblers, nobody really cares about paying for entries into this cumbersome failed distrubted database

>>56029181
lol
You said fart.

>>56025458
But if, to stick with the example. BTC were also to function as money, then people would, as you said, hoard it when things turned bad, thereby also draining liquidity from international trade, and leveraging the banking-system. E.g. in the Great Depression, everyone hoarded gold, necessitating EO6102, and people also don't spend it because "I might get more for it later", like how you keep every item for the final dungeon in a video game.
A reserve is also only really useful to buy large items with, at least houses, not cups of coffee (you can get around this to a degree with Lightning).
So let's say "1 BTC = 1 house".
Someone would have a house-token that he wouldn't spend, except on a house. If a recession hits, he's not gonna spend any more or less house-tokens, that's independent of the currency-issue. The currency could even be somewhat inflationary. People did use gold as both a reserve and a currency (via the dollar-gold peg), so they had this problem back then too.

I mean, this is just my guess on how this could work. But I agree with you, a deflationary currency that depresses spending artificially is not ideal, though that's also a function of people wanting to profit-maximize, which I'm not sure they do. Ok, one doesn't spend if one expects some hyperdeflation, but if we're living in a world in which the price of goods goes down by 1%, it'd likely be a world in which people would be relaxed about spending, since everything appeared to be going ok. This "people won't spend the deflating currency"-problem is a bit of an imaginary one in economics. It's there if there's some financially driven deflation, so these BTC price wars and what's gonna inflate, causing people to put on these hedges. But if things are just getting done more efficiently or if there's more supply, then prices going down naturally wouldn't be harmful and wouldn't artificially cut into spending, I'd say.

>>56029263
I agree on the last part. People need to eat, shelter and security, they have individual preferences and affections, they are always going to spend their abstracted productivity for their survival. Technically it would work, but it wouldn't work in the current world build around infinite growth assumptions, be it economic growth or population growth

>>56025561
I'm not Jewish myself, but I probably do have a Talmudic mindset. I don't mean anything "political", I take no position on Talmud or any other book, just in the sense of being really autistic and precise, which I hear is the style of it, so maybe I might have triggered that subconscious association. But also, he didn't say I was Jewish, I think?

>>56029367
I know, a growth-assumption is impossible in the long run, because what would we keep growing into? You'd have to apply different economics to a contractionary phase (I don't mean Marxism). Really, you'd only have to clear up this growth-assumption, because the assumption is baked into everything, like fixed income and such - there can be no such thing as truly fixed income, some price-fluctuation will show up somewhere.

The concept of "GDP" is useful within something like a single project, large or small, but it's inappropriate when applied to the whole economy. Because it gets chased, and becomes the inappropriate measure after a while, it makes the economy less efficient, plus the financial crashes. Modern economics was developed during expansion after the Renaissance, and it was developed because people were interested in why this economy was expanding all of a sudden, so it's a bit narrow-minded as a tendency. The last 500 years were also one big project, in a sense, so it all kind of worked, but "GDP" denotes effort, and maximizing GDP would logically be achieved by everyone working 100 hours a week and everything being expensive so that "a lot of money changes hands". So like work programs in Communist regimes, just with extra steps. But that would maximize GDP: a lot of employment, lots of hours works, lots of transactions. With a huge amount of waste, like during the Great Leap Forward too, with those backyard iron furnaces which they operated to get the steel production numbers up (a limited form of "GDP").

Getting steel production up is only useful if there's demand for steel, and getting employment up is only beneficial if there is demand for labor, which, given the difficulty of getting a job, there doesn't seem to be, so getting more people employed just wastes people's time, and then we do jobs like "face-masseur" and "assistant SCRUM enthusiasm manager".

>>56029367
GDP-maximization actually turns the whole economy supply-side over time, but with no demand. The GDP going up would even be fine, but it going down would also be fine. "GDP-growth" in terms of a software project would be the equivalent of "the budget keeps getting bigger forever and the project never gets finished". "GDP going down" means "the project is nearing completion", so it needs less resources. GDP isn't bad, but the system is not stable if it doesn't let it contract when it naturally wants to, because would freak out about the GDP-numbers.

So you are right, this GDP-thing makes everything unworkable. I'm just thinking out loud as to why.

>>56029739
At the end of the day, no matter what phenomena among humans, it comes down to trust. If a large enough group of humans trust in something, be it that your cave neighbor doesn't steal your berries, trusting that some humans in the territory are not going to start torch Wendys because some nigger suffocated on his own vomit or trusting that the monkeys put in charge don't enslave your future off spring to put berries in their own pockets by whatever means, then their is "order" and stability, if that trust between humans detoriates, no matter the phenomena, then it's back to the natural state of no trust, and who got the bigger stick to beat in heads to get berries.

One of the ideas sometimes perpetuated by crypto folks about code is law to solve that base trust issue is also a crap shot, as it requires all humans to trust the code of law, which isn't the case and will never be

>>56029896
>if that trust between humans detoriates, no matter the phenomena, then it's back to the natural state of no trust
You're right. Though actually, killing each other probably wasn't our natural state of trust, since we'd have lived in small tribes and would have known everyone. What we call the "natural state of trust" is more the "natural state of trust in the modern world", but even then, people don't kill their neighbors all the time. It's more that fraud is easy to do because it can be done via penstroke, so it can even be unintentional, and that people feel alienated from each other, and the idea that we'd all start killing each other the moment anything changed is more a reflection of that sentiment, but just my opinion.

>>56030033
Might reformulate the natural state, trust in your own ability to be able to survive in a no trust environment. At the most basic level, having more muscular mass and a bigger stick, being more agile than the monkey next to you, so if the other monkey tried something, he gets a stick over the head and his biological existence is over

Why not, bump

>>56031806
inshalla