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Joined 1 year ago
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Cake day: December 3rd, 2023

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  • Yes, we are 100% looking at people working 40 hours a week for this particular insight. The basis is, our economy is only baseline good if the least paid full time worker makes a living wage. Any other answer is a fail. Incentives for employers to hire staff from traditionally underserved persons can absolutely be affected through better means than giving them less of a share of their work.

    As well, the question above that spawned this little thread was: Why would the lowest full time annual wage be the best measure of anything to do with an economy?

    How the lowest paid full time worker is compensated is a keystone data point. The current full time yearly pay for a standard worker (should be ANY full time worker if the economy was good) is $15,080 a year. Before taxes and workers comp and health insurance. Not nearly enough for someone to survive, nonetheless better their situation. The underserved populations are getting even less currently, which should really grind your gears.

    It is not the only data point that’s important, but to suggest it’s useless as a data point is ridiculous












  • Saying crypto is pretty much the same as cash is disingenuous.

    You don’t need to make an account to spend cash. You don’t need to pay fees to give cash to someone else. You don’t need to pay fees to process cash transactions. You don’t need an internet connection to acquire or spend cash. Cash transactions are executed in person, where mistakes can be reversed. If my personal info is compromised, my cash on hand is safe. Cash is generally much more stable, and is generally accepted everywhere.

    And let’s address a biggie- cash doesn’t destroy the earth, unlike crypto. For all the protest I see about AI’s energy consumption, crypto was worse in 2022 than AI is projected to be in 2027. Let that sink in.


  • What is needed before crypto can actually be useful:

    • needs to be as easy to use as real currency
    • needs to be able to be spent freely on basic necessities
    • recourse for fraud
    • recourse to recover lost keys instead of losing funds permanently
    • protection against market manipulation
    • widespread merchant adoption
    • address liquidity concerns
    • actionable process to protect from illegal activities
    • MASSIVE environmental protections- crypto was worse for the environment 4 years ago than AI is projected to be in 2027

    There’s more, but I won’t bother as the above issues are more than enough to confirm that crypto is a scam.


  • How is it convenient? Its not simple setting up a wallet, picking a coin, registering with a market, hoping that the merchant you want something for happens to take your type of coin? And being anonymous is a turn off for most people- the vast majority of people want consumer protection. Merchants carry higher risk with a volatile, unregulated market, so they are hesitant to accept it.

    Why would I pay fees to buy a faux currency, to pay for a pre-paid card of the same currency I used to buy to the faux currency, to spend it on things that can’t be paid for with the faux currency anyway? What?!?!