It happened to me: I accidentally attended a crypto bro dinner
theguardian.com
theguardian.com
There are valid criticisms of crypto, without a doubt, but the flippant, privileged and often plainly simplistic shit slinging about it that happens among many HN commentators is frankly an absurd symptom of hive-minded bubble think.
While some of you sneer, there are many people in the world who aren't real criminals finding real and very practical uses for these tokens and digital currencies.
The question is, is that a good solution for them? And what about us? It seems like a foreign leader could be incentivized to pay off a developed country's representatives, thus creating the conditions where crypto becomes useful for populations where inflation is going through the roof. Solving that problem with something isn't worth much if that something also contributes to the growth of the problem.
As Homer Simpson once said, "to alcohol, the cause of, and solution to, all of life's problems." The same could be said of crypto.
That covers a solid chunk of all those alive on Earth today.
Well, if these many people are using it, I assume they made the choice in their own best interest and have a right to, not to spite you, in a country where things aren't going to hell but life still needs to be lived.
>It seems like a foreign leader could be incentivized to pay off a developed country's representatives, thus creating the conditions where crypto becomes useful for populations where inflation is going through the roof. Solving that problem with something isn't worth much if that something also contributes to the growth of the problem.
I'm not sure I understand this argument. So ordinary people in real need should avoid using tools that help them endure hardship after their leaders have already caused a catastrophe because it could give those leaders ideas about future blackmail?
Browsing around, outside all types of loans, I cannot find much goods either ; it all seems bullshit or one of the above. But I am not in discord groups and whatnot to chat about it.
Glad that I was reading this on my phone when I blasted coffee out of my mouth laughing. Could have been a more difficult and potentially costlier cleanup if I was reading that on my laptop or desktop.
Either way they all sound insufferable. It was however an interesting article to read.
I have family & friends in Russia. Stores still have bread and milk. Prices are in Rubles and so are incomes. It is harder to get dollars, and iPhones cost more, but normal everyday things are more or less normal.
Russia has had plenty of time to prepare. In 2014 the west showed that we were and were not willing to do (in response to Crimea).
They have domestic computers (MCST) - not wonderful but they work, domestic aircraft (military and civilian), domestic silicon fabs (65nm but that is plenty fast if you avoid electron apps), domestic automobiles.
Every person I ask replies with "What crisis? Is that what they tell you in USA? Haha, even gasoline prices haven't risen here. How are they there?"
Think medical equipment, home appliances, rural labor support (tractors, chainsaws, etc.) recreation (skis, racquets, etc). The rest will still be greatly impacted by factories not having access to western supply chain parts.
> daily life of the middle class will not be affected
…ugh this is actually a wild theory. Every thing that relies on an import is now 30% more expensive.
> T-40 ( colloquial - sorokovka , sorokan) is a brand of wheeled tractor produced by the Lipetsk Tractor Plant from 1961 to 1995 [1] .
> LTZ-60 is a wheeled tractor of traction class 1.4 manufactured by the Lipetsk Tractor Plant , designed to replace the obsolete T-40 . Produced since 1991. Due to bankruptcy, the tractor was discontinued.
The factory is bankrupt.
They did in Moscow, within the last decade...
It may make some medical equipment but it's missing a lot of medicines. Russia doesn't even produce its own insulin, let alone more exotic things like cancer treatment drugs.
All the fabless semi conductor companies (Baikal, Elberus) only have recent designs for foreign nodes. Are you aware of any MCST chip that shipped in larger number on 65nm produced in Russia if this node is supposedly available since the early 2010s in Russia?
I am asking like that because all Elberus chips smaller than 90nm seem to be fabbed by TSMC in recent years. [2]
The Elberus chip supposedly on 65nm clocks at 0.8 GHz.
Also I agree that the sanctions were well targeted not to hit Russia's poor but focus on the middle class upward instead.
[1] https://youtu.be/N_4R4X7AWtU
[2] https://www.yumpu.com/en/document/read/54543367/the-elbrus-a...
It always has, we always will. Why are you doubting the community now, of all times?
Banned music transport
etc etc
It's just numbers. You can store funds on a 1¢ flash drive or calculator!
If that's a year later, after you've done a hand to hand, so what?
That actually got me interested on if it would be possible to get the blockchain encoded and printed on paper (and bound as a book of course). https://ollydbg.de/Paperbak/ can do 0.5 megabytes on a sheet of A4, so 1MB if you double side it. The current size of the Bitcoin blockchain is ~400 gigabytes, so only 800,000 sheets of paper! Growing at around 1.5 sheets an hour forever.