sendero.social

Likho pinned item friendica
Finally came up with a second chapter for 'Social Contagion'.
Slight mention and use of #left4dead. (But it's more about the current pandemic.)
https://archiveofourown.org/works/30491538
#writing #Ao3 #VideoGames #fanfic

Likho reshared this.

Matograine mastodon (AP)
Hi !

Maybe it is a mistake of the RTM translation, but currencies with a finite monetary mass are no debt currencies, they are just non-libre currencies.

- they are issued by a small group of humans: miners, founders of the currency, etc. This doesn't respect the spatial symmetry principle.

- as time passes, the currency becomes always less available for users (be it because of owners greed or because of units loss). This is contrary to the time symmetry principle.
Matograine mastodon (AP)
"debt" currencies refer to currencies for which units are issued through credit, such as euros, dollars, etc. They are one type of non-libre currencies.

All non-libre currencies lead to inequalities, and eventually structural crisis of the currency system.
Likho friendica
Okay. I see. I was referencing this chapter when I was writing the blog.

https://en.trm.creationmonetaire.info/probleme-de-la-monnaie-dette.html

The book doesn't yet have a glossary for a quick reference of definitions. So in the example, Bitcoin wouldn't necessarily be a debt currency, in an abstract use of the term. But it would share the characteristics and consequences of temporal and spatial asymmetry with debt-currencies?
Matograine mastodon (AP)
BTC issuance is based on the imaginary model of rare metals : easy to issue in the beginning, more difficult to find with time, and with a fixed quantity.

We know for sure that rare metals currencies lead to crisis, take 1929 for example, while having been extracted and used as currencies since 3000+ years. BTC extraction is reduced to 150 years, no surprise it will go through structural crisis due to issuance model (not even considering the energy consumption).
Matograine mastodon (AP)
To me, debt currency is _better_ than fixed monetary mass like BTC or gold : at least, _some_ humans can decide to create more money when the new generation needs it.

The problem is that only _some_ humans can decide it. They decide what are the main values for this generation. With libre currency, _all_ members create the currency at the same rate and can decide what is value and what is not.
Likho friendica
Blog has a small update now thanks to some clarifying ITT.

Likho friendica
I feel like I'm the only one who thinks "crypto art NFTs" are pointless.
#cryptocurrency
@Likho
Naaaah , it's a way to make more money, you win an NFT and happiness, and me who sell it, earn more money than I was able to earn by only selling it

Likho friendica
People are talking about #cryptocurrency, so I guess I'll talk about mine: the wallet has an avatar and pseudonym feature (outside of the blockchain). I also use a vanity address.
Sebastian friendica
@Likho
I was tinking, what do you think about promote the adoption of ฤž1 instead of create a new Currency ?
Likho friendica
With the former you won't have to worry about branding and making a catchy name, but the WOT distance rule only goes so far. I live far from France as well, but I still try to participate on ฤŸchange.

Likho friendica
I wrote for this zine. It's easy to guess which part I wrote.
Available as a free download on my site:

https://likho.neocities.org/share/intraverse04.pdf

It's 32 pages (10,200 words).

#creativecommons #zine #videogames #foss #cryptocurrency #torrent #writing

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