641
Reddit mods dumped tokens hours before blockchain program termination
(cointelegraph.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 20 Oct 2023
641 points (98.9% liked)
17698 readers
403 users here now
News and Discussions about Reddit
Welcome to !reddit. This is a community for all news and discussions about Reddit.
The rules for posting and commenting, besides the rules defined here for lemmy.world, are as follows:
Rules
Rule 1- No brigading.
**You may not encourage brigading any communities or subreddits in any way. **
YSKs are about self-improvement on how to do things.
Rule 2- No illegal or NSFW or gore content.
**No illegal or NSFW or gore content. **
Rule 3- Do not seek mental, medical and professional help here.
Do not seek mental, medical and professional help here. Breaking this rule will not get you or your post removed, but it will put you at risk, and possibly in danger.
Rule 4- No self promotion or upvote-farming of any kind.
That's it.
Rule 5- No baiting or sealioning or promoting an agenda.
Posts and comments which, instead of being of an innocuous nature, are specifically intended (based on reports and in the opinion of our crack moderation team) to bait users into ideological wars on charged political topics will be removed and the authors warned - or banned - depending on severity.
Rule 6- Regarding META posts.
Provided it is about the community itself, you may post non-Reddit posts using the [META] tag on your post title.
Rule 7- You can't harass or disturb other members.
If you vocally harass or discriminate against any individual member, you will be removed.
Likewise, if you are a member, sympathiser or a resemblant of a movement that is known to largely hate, mock, discriminate against, and/or want to take lives of a group of people, and you were provably vocal about your hate, then you will be banned on sight.
Rule 8- All comments should try to stay relevant to their parent content.
Rule 9- Reposts from other platforms are not allowed.
Let everyone have their own content.
:::spoiler Rule 10- Majority of bots aren't allowed to participate here.
founded 1 year ago
MODERATORS
I initially replied but deleted my reply because I wasn't sure of myself but I've looked it up just to be sure and I can reply again in confidence: Gold isn't deflationary.
Gold is a standard in which remains stable among the currencies when compared to commodity goods. As other currencies inflate, gold also inflates, because it's somewhat stable. Gold's value does not increase over time, even though its value in relation to inflating currencies does.
Essentially, as an example but one pulled completely out of my ass here: If bread cost 1 gram of gold 200 years ago, but that was a single shilling but now it takes 1000 shillings to buy bread, gold is now worth "1000 shillings", but still buys the same bread. So it's not increasing in value vs the things around it, only other currencies because they are inflating.
Which means that it's deflationary against euro or usd. Also "there’s a limited amount of it, the difficulty to mine it goes up as there’s more of it". So according to your definition gold is a scam. I wonder who is going to pull the rug on it.
Wrong. Which means it's stable, and the USD and EURO are inflationary. That's why gold is gold. That's why it's a staple stock. Because it's stable against everything that those currencies buy. It will basically, always be worth the same amount as it was 1000 years ago. Gold is the reference of a "stable" value. In the example I made, 1 gram of gold 200 years ago buys the same amount as 1 gram of gold today. That's exactly how gold works. That's why economies use it as a measuring stick of their own currency.