I’m simply always away. It’s less misleading than being randomly away because I do actual work and am not glued to the computer.

We also know building nuclear takes 20 years and costs more than building thrice the capacity in renewables

Nonsense, https://nanonuclearenergy.com/, https://www.nuscalepower.com/, http://smart-nuclear.com/, etc.

Like I said, privileged people who don’t think that bitcoin is useful.

Famous libertarian Friedrich Hayek supported universal basic income

That’s a lie people love to repeat. Hayek was in favor of helping people who needed help, he explicitly was against money for freeloaders.

It’s not surprising tbh. Most millionaires like Linus or tech people in general have so much money that the problems of the financial system don’t impact their lives.

Torvalds also dismissed the idea of technological singularity as a bedtime story for children, saying continuous exponential growth does not make sense.

Continuous exponential growth is actually something our financial system was DESIGNED FOR. It it makes no sense our inflationary money makes no sense.

worked fine for millennia without inflationary money

That means until the early 1900s or 1970s when inflation went into overdrive.

our current population boom

Huh what?

deflationary economies are terrible for everyone

That’s a myth spread by modern monetary theorists because they only understand the economy from an inflationary perspective. Economies worked fine for millennia without inflationary money.

I’d love to see any evidence or logical arguments that an inflationary economy is worse than a deflationary one.

Don’t you understand that artificially induced unlimited growth is bad? It’s not about inflation or deflation, but the outcome.

https://www.ecb.europa.eu/mopo/strategy/pricestab/html/index.en.html

The main task of the ECB is to maintain price stability. The ECB’s Governing Council considers that price stability is best maintained by aiming for 2% over the medium term. Price stability creates conditions for more stable economic growth

Crypto is literally just machines wasting energy on purpose to create false scarcity

A monetary system that is designed to lead to eternal, cancerous growth through intentionally inflating the money supply is far worse.

Same here, have been trying wayland for more than a decade…

I think it’s pretty simple to see inflation only hurts the have-nots

It hurts have-nots, but also medium to high earners who are forced to spend time to learn and to invest their money if they don’t want to lose wealth. That destroys their productivity or their free time which hurts society as a whole.

It basically happens when people buy money

So you already don’t follow the mainstream economic narrative that consumer prices track inflation, good for you!

to prevent all money from ending up in a single party’s hands.

Inflation encourages and amplifies wealth accumulation.

I understand why it happens

Why does it?

I never understood why inflation was a good thing

It isn’t, that’s a narrative told by politicians, and economists who are primarily paid by the government.

Which is a perfectly normal thing to feel

Dude, irrational fears are something to get therapy for.

Greed is now baked into capitalism

When was it not?

China did exactly what the western politicians wanted, companies have outsourced production there to make more profits and politicians and investors got rich. Still hasn’t changed, politicians want to get rich and reelected, not govern well.

Lol, China is a threat? You dumb fuck, if politicians destroy your local supply chains they are the threat.

And that’s also what regulators want. They want a handful of big banks that they can more easily monitor and control.

Oh sweet summer child…

Indeed. And we had a decade of extremely low interest rates that basically broke the power of banks.

Haha what? Banks are bigger than ever before, regional banks are being absorbed by megabanks, banks know they are “too big to fail” and can gamble however they like.