If goods get more volatile in price maybe crypto could actually be useful for commerce. "This box of pasta went up 30% before I got to checkout, but Bitcoin is up 50% in the same time frame so it's okay."
this post was submitted on 19 Jun 2024
342 points (97.8% liked)
News
23376 readers
1981 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
So that's what people think crypto is like.
Now imagine if that bitcoin went down 50% in the same time frame.
I'm sure there'll be:
- a lawsuit
- local news coverage
- a statement from some high up congressperson
- a statement from the president "come on!"
- a lengthy and expensive congressional investigation with the heads of the big three food stores where they'll ask them if they know how facebook works
- a convoluted bill passed that is based on the rolling average price creep over x consecutive hours that's so confusing everyone just gives up and pays the surge price or starves as America tries as hard as possible to third-world our ass until Putin's Russia (or North Korea or whatever) looks like the Promised Land by comparison (Reverse Babylon AD?)
I can't even go to Walmart no more without running into people I know. Back in the day I never did myself up before going to Walmart because I never saw anybody there that I have acquaintance with. Now everybody is shopping there and I feel like I have to get dressed up or I don't fit in. Sometimes even put on lipstick and you know how the prices on that has gone up. I'm on a fixed income and the best shade that compliments my skin tone but doesn't break me out costs almost $10 when it was $6.99 before COVID.
load more comments
(4 replies)
We were discussing this devices at university back in 2005. Too expensive at the time.