Brrr.money

It's lead generation for the project behind it.

For some reason this reminded me of the Prime Number Shitting Bear. https://alpha61.com/primenumbershittingbear/

I bookmarked it in the Blockchain folder, just in case.

A Bitcoin based economy would be unable to handle more than an infinitesimal number of transactions that take place and would be remarkably slow handling that infinitesimal amount of transactions. Price volatility would prevent businesses from selling in Bitcoin, workers from being paid in Bitcoin, taxes being collected in Bitcoin, and international trade agreements being contracted in Bitcoin.

> A Bitcoin-based economy would not suffer from this problem.

I rather like the ability of my government to use monetary policy to create favorable environments for growth. Sometimes we get a bit ahead of ourselves and things come crashing down, but when it's good it's great.

> Additionally, behold the list of extant desirable use cases for a decentralized cryptocurrency:

There are lots of bad use cases for crypto.

1. Crypto directly enables ransomware and terrorist financing

2. Crypto creators and whales get much of the upside. Why should we reward them rather than transact with the currencies our governments use? Governments which provide an actual social safety net?

3. People can lose a lot of money with dumb mistakes. There are no support strings.

>Additionally, behold the list of extant desirable use cases for a decentralized cryptocurrency: >1. Donating to scihub

You mustn't be aware that Bitcoin transactions are 100% traceable (and are being traced). Donating to scihub with something like bitcoin would be opening up yourself to legal trouble depending on what country you live in. You'd have more privacy using your CC.

Bitcoin is utterly useless as a form of currency. It's non-fungible, and your entire transaction history is open to the whole public to see.

> A Bitcoin-based economy would not suffer from this problem.

Yes, it would no doubt suffer from the worse problem of deflationary episodes:

* https://www.theatlantic.com/business/archive/2012/08/why-the...

* https://archive.fo/FWKcL

* https://www.vox.com/2014/7/16/5900297/case-against-gold-stan...

We've been here before with the gold standard and it does not work very well.

Are any of these models any good? Every one I tried was pretty horrible

Not my site but neat :).

Purely hypothetically: allow large institutions with external credit-backing (in the Pratchett sense... "four gold golems") to transact when they have no money, essentially gaining a negative balance. In other words, there's technically nothing about crypto stopping a large, trusted institution from deficit-spending if people allowed the rules to allow it.

Of course, if the rules of the crypto network disallow it, then institutions can't spend on future value and you get a sovereign bankruptcy situation. Few people who have lived through one would recommend it.

inflation due to overprinting of money, as evidenced by BTC and DJI crazy high stock values. things with known intrinsic worth continue to climb higher in USD, which, for it's part, is cheapened as part of the madness of the west careening toward annihilation. the system is a self driving Tesla car and it's about to hit a pylon / dog / human thing.

A vocal subset of cryptocurrency pushers have as twisted a view on economics as mainstream economists. This is an art piece depicting one faulty view.

bonus edit: Printing money could be a handy way to carry the country through the current deep structural change in the nature of the economy from one based on industry (putting capital to work) and finance (creating and allocating capital through loans) to one based on services. Instead, it's being used to prop up the existing system. The art piece is based on the widespread and faulty belief that a government's ability to create money is inherently bad.