“That’s why it’s really annoying when people talk about exploitation,” the gamer told Rest of World. “I couldn’t tell you what the hourly rate comes to, but I could tell you that people make very little money and the cost of living is very low in the Philippines.”
Why even talk about the Philippines? There are plenty of NEETs out here who might take this job. It is not like the pay in other jobs is anything decent. People, who only have their low paid jobs depend on government assistance, food banks, and similar schemes to make it. Inflation has pretty much caught up with minimum wage. Somehow this is not controversial or exploitative but some crypto bro talking about Filipino NPCs is?
I was introduced to Cardi B’s WAP song by a girl that I dated. I did not really know, who Cardi B was up to that point. That should have been a red flag right there…
All cryptocurrency outside of BTC is a shit coin. You might also try the smoking chicken fish token when you are at it.
So, I see a lot of anxiety about the phasing out of cash. People rightly fear the government will get much more control over transactions people make, and would be able to tax transactions, or tell people what they can or cannot buy. Currently, transactions in cash over €3,000 are banned in the EU. This right to cash is often taken up by the politicians.
But why are we defending papers and coins issued by a central bank? This is just fiat that they can produce at any amounts and while it appears to be a great medium of exchange because it is the accepted legal tender, it does not hold value…
I have been curious about the very question of what is money. Basically, I found my old crypto wallet and began buying crypto, and this naturally led me to this very fundamental question. I realized that cash as a medium is sorely lacking in many qualities. Not only is it prone to manipulation by forces that are outside your control but also it could be faked.
Crypto like Bitcoin has a limited supply, there will be 21 million Bitcoins at the end and the supply cannot be increased. Other cryptocurrencies work differently, Ethereum has a burning mechanism that controls the inflation, in which some tokens are burned by the system and that controls the supply. Cryptocurrencies like Monero allow anonymity in transactions. In my opinion the cryptocurrency world is a developing medium that could supplant fiat money in due time or become a parallel and competing way of exchange.
The above video shows that all kinds of shit was used as money historically… If you want to keep central bank issued fiat cash because you think it will maintain anonymity of transactions, you are simply not being thinking creatively. We can have those payments digitally if the government doesn’t get involved.
Crypto adoption in the West, where the fiat system is relatively stable is very low but in places like Africa or Latin America the adoption among people is much higher. Was crypto ever to become a popular medium of exchange in the West, the governments would likely try to ban it by saying it is used by criminals and terrorists. Currently, there are already attempt under way to roll out digital currencies issued by central banks.
Insomniac Resurrected 