The world's richest one percent increased their fortunes by a total of $42 trillion over the past decade, Oxfam said Thursday, ahead of a G20 summit in Brazil where taxing the super-rich tops the agenda.
  • aviation_hydrated@infosec.pubEnglish
    0·
    2 months ago

    I think the idea of cryptocurrency is funny, since it’s just “I’m not playing your make believe money anymore, so we’ll pay our own make believe money since you are obviously rigging the system”. Kinda makes sense if adoption keeps up and the planet isn’t on fire

    • thejml@lemm.eeEnglish
      0·
      2 months ago

      Thing is, the poor aren’t running bitcoin miner farms. Crypto doesn’t change anything but traceability of the funds, letting the rich get even richer.

      • qaz@lemmy.worldEnglish
        1·
        2 months ago

        That’s a common misconception. Most cryptocurrencies (except XMR) actually increase the traceability of funds compared to traditional payments. Bitcoin really isn’t that great for privacy as some crypto enthousiasts say. It’s one of those ridicolous “advantages” that prove that most are just hypemen with no idea about how it actually works. </rant>

      • aviation_hydrated@infosec.pubEnglish
        0·
        2 months ago

        Traceability might be nice since the black market is estimated around 20T USD. Cuts out bad actors which means no fraud, and no hidden inflation since we can see the quantity compared to USD which the Federal Reserve doesn’t even know