And that's on top of speculation by people with throw-away money.

well my point of comparison is the valuation of actual goods, which can be speculatively shifted but that speculation is based off of actual things that have really happened, or will potentially really happen

whereas Crypto just seems to be layers of people speculating on other people's speculations and pretty much nothing else

it's fiat if fiat never evolved from a standard whereby production determined economic value

I don't think it's fair yet to compare crypto against goods, because there are no vendors who are directly valuing their goods in crypto, it's always Crypto->fiat->goods.

If/when forms of energy are valued in crypto, then the world will change.

you can value goods in anything, but there's no solid basis between the two necessarily

I mean, isnt that basically the only basis behind crypto valuation currently in a way? The processing power required to generate BTC and other currencies?

it's indirect, sure, but it's there

It takes energy to make crypto, but no one is buying basic energy resources (oil/gas/nuclear/etc..) with crypto. No one sells oil for crypto.

sure

I'm just saying it necessarily has an equivalent valuation already, it's just not officially recognized

Well, it has a conversion, but since the value of fiat relative to crypto can be changed irrespective of the valuation of fiat-to-goods, it's not a fair way to value crypto, imho.

fair enough

My advice to people curious about cryptocurrencies would be to read, read read read... When you feel like you've read enough and you see future value in these distributed ledger networks known as blockchains, then find yourself cash you're willing to throw away, and find a price entry point. No one knows where these values are going to go, NO ONE. All predictions fail, no economists can predict these things. Think of it as throwing throw-away cash at an uncertain but potentially much more free future.

blockchain seems like a neat idea even outside of crypto

It's not separable though. You have to have a reward for the people doing the auditing.

Whatever blockchain network someone sets up, there must be a reward for the "miners" the people doing the auditing of the network, and that must be a token/currency.

Oh I'm not saying entirely divorced from it, I just mean that people are attempting to use it as a medium for other systems

pure P2P messaging and such

@Jeremy-Retard I've thought about it but I'm not to sure about getting into it

Well, discord is p2p/torrent messaging is it not?

servers are not "servers" any more, they're distributed records, aren't they?

I've never got into crypto, but the service writer told me to my face that Bitcoin should be outlawed because the government can't control it

Like they do with the dollar

I informed him that the federal reserve is a private bank and he had it backwards

Service writer?

The government should have no power over the dollar especially with an organization such as the FED that has zero oversight

I was under the impression that Discord runs on remote cloud servers

with admins having access to logs but promising not to use them, pinkie swear, and all that

But anyone can start a server with a client command. This tells me that discord doesn't have centralized servers, that instead any peer invited to a "server" is merely another auditor on the network that maintains the chat record and distribution.

I work at a truck dealership

Ah, that makes more sense Edgar

https://twitter.com/MediaJuggernaut/status/987427337879871488

Hey, can I pose a question to everyone??

Go for it

I'm in

I'd like to see what your thoughts are on arming teachers. I got into a hot debate over it last night and I want some further input

if they go through the training and consent to it yes

I'm all for it however I'm with Robert on this I would like to see extensive training and prep for the teachers and it would in my mind be a volunteer thing

However I don't want to see in the case of a school shooter a bunch of teacher running around the halls hunting the shooter