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Mastercard and Visa face backlash after hundreds of adult games removed from online stores Steam and Itch.io (www.theguardian.com)
submitted 1 year ago by to c/technology@lemmy.world
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Collective Shout, a small but vocal lobby group, has long called for a mandatory internet filter that would prevent access to adult content for everyone in Australia. Its director, Melinda Tankard Reist, was recently appointed to the stakeholder advisory board for the government’s age assurance technology trial before the under-16s social media ban comes into effect in Australia in December.

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[–] 2 points 1 year ago (7 children)

Nhaa fuck crypto. At least the crypto that are actually popular. Shit like bitcoin and ethereum are deflationary. And why the fuck would you spend money if there's a good chance your money is worth more tomorrow?

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  • [–] [S] 2 points 1 year ago (2 children)

    I believe monero has protections to prevent this. All transactions are secret.

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  • [–] 3 points 1 year ago (1 child)

    How would secret transactions make a the coin not deflate? The issue is control of the production of the currency. If you can't control it, it's a cointoss wether it'll be infaltionary or deflationary. A lot of inflation is bad, and any deflation is catastrophic, so I'd really rather not leave the economy up to random chance and private entities' willingness to control the production of their shitcoins.

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  • [–] [S] 1 point 1 year ago* (last edited 1 year ago)

    It wouldn't help much with inflation, but it wouldn't fluctuate as much as bitcoin due to all transactions being secret It is relatively stable. With monero you wouldn't have to worry about the value changing a lot in the span of a couple of hours.

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  • [–] 2 points 1 year ago (2 children)

    So basically it could help combat our blatant consumerism as well? Seems like a win to me

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  • [–] 4 points 1 year ago (1 child)

    I'm sorry, but that is just a blatant misunderstanding of how economics work. It wouldn't combat blatant consumerism, it would literally destroy the economy. Not to be replaced by something better, but just destroy it. There would be no reason to invest in literally anything, including people, no reason to repair your house or feed the poor, because the money it would cost, would be worth more tomorrow.

    Why would I buy a car, or bike, or proper nutritional food, if I could save that money for tomorrow, and buy more? Only tomorrow it's the same thing, so I'll live like shit until the next day, then the next day, and then the next....

    The only people who would have any quality of life, would be the rich cunts. They'd live like the do now, because they don't actually need more money.

    Deflation is never a good thing, I'm saying this as a socialist.

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  • [–] 3 points 1 year ago*

    They're not misunderstanding; you're using Keynesian economics. "The economy" as described today is rich people's wealth, not the wellbeing of the poor.

    If people saved instead of building up credit scores, it would be much easier to strike. We don't need to be forced to invest somehow or become even poorer (which is what actually happened). You'll repair your house because you need a house and buy food because you need food. You're more likely to participate in mutual aid with savings than with credit.

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