428 karma · joined May 19, 2022
For the other 80% of the planet though, it's a game changer. Rough estimate, but feels fair, as outside the US most people can't have one without substantial access to capital.
At the end of the day, it's just another IOU, much like a bank deposit, except instead of getting the 0.1% yield and FDIC (IF you're in the US), you get the ability to transact 24/7 across borders in a much faster manner than even bank wires, let alone ACH payments.
The fact this is happening amid one of the smallest dumps from an ATH in Bitcoin's history is particularly amusing. 45%, compared to 80+ in prior cycles. And this time, while all major markets are melting down amid global liquidity hitting a wall.
The reason Debian fell to the systemd behemoth is because its sysvinit scripts were already a complete disaster. Slackware and Gentoo, on the other hand, were able to stay clear of the mess because they had a decent implementation to begin with.
And Sysvinit was never the only place Debian kept its mess.
I do like the store and forward idea, though a thought on that is that while it makes sense for DM's, it makes less sense for group chats, which, being real time, make the shelf life of messages a bit short. It makes good sense for forum like content though. I think so far Bitchat has treated this as a bit out of scope, at least at this stage of development, and it is a reason that indeed, Briar is still quite relevant.
Bitchat only just recently even added ad hoc wifi support, so it's still very early days.
But with modern nickname and channel services (Nickserv and Chanserv, mostly), and the very small IRC userbase, they certainly aren't as impactful as they once were.
Hard to say how many intellectual rabbit holes I've gone down as a result.
I can say for sure life would have looked very, very different without it.
But yea, El Reg is never where you go for objectivity.
Paved the way for the downfall of physical money, and over a century of warfare in the absence of any sort of monetary discipline.
Thankfully we now have the necessary tool to fill that vaccuum.
The Fed tried to measure dollar supply globally for decades before giving up as they finally got their heads around how the Eurodollar network works, and they've kept somewhat quiet about the fact that they're just not actually at the center of it.
I bet that thing would be a pretty useful monetary tool, even if it were attacked, as one might expect by all of the government and banks around the world who were trying to cling to the power they have by virtue of having captured the ability to print money and use it when it is most valuable, fresh off the press.
The price of gold before 1933 (EO 6102) was also not a terribly good indicator, as the friction of taking physical delivery of it also kept it suppressed in most circumstances, with explosive swings in times of crisis.
Arguably it's even more gamed after 1971 as it's not even used for exchange, and has a ton of rehypothecation and elaborate derivative networks.
Gold's drawback was always its physicality. Arguably its heyday was before the invention of the telegraph, when at least the expectation was that money was going to be slow, and the only way to move it across most distances was physically, unless you had some handy Knights Templar or Hawala network handy.
That we still cling to it despite all of this is a good indicator of just how fucked up fiat is though. Thankfully, we have a better alternative network being built out.
Not to say you can't then make an umbrella interface for interacting with them all as a suite, but perhaps the issue has become that gpg has not appropriately followed the Unix philosophy to begin with.
Not that I've got the solution for you. Just calling out the nature of your demands somewhat being at odds with a key design principle that made Unix and Unix-likes great to begin with.
Also about halfway into Mastering the Lightning Network.
Never tested myself as I'm more a runescape/ragnarok online sorta guy myself...
Personally I'm not much a fan of Reddit or Twitter though, simply because the algorithmic nonsense is clearly there just to drive ad views and not to provide me with the interactions I'm there to have. Nostr is a much more pleasant experience.
Heck, this probably qualifies for the CFAA to be applied; that's unauthorized access of a computer system...
I'd take it all back over the Squarespace hellscape the web has become.