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Cake day: June 12th, 2023

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  • If you haven’t yet, I can really recommend reading Satoshi’s whitepaper on what Bitcoin is really for. The fact that crypto is now used as an asset to trade in order to gain ‘old’ money really spits in the face of the ideology of a decentralized ledger. And the fact that a dollar value is assigned to it means it becomes the target of a lot of scams. The fact that a decentralized ledger also means greater anonymity has made it a popular target for illicit activity as well.

    But by design, it really only wants to take power away from banks in order to stop devaluation, make it impossible to charge people for transactions and to put control of assets into the hands of individuals. The amount of money currently in circulation is way more than the actual physical amount available, because banks can lend you money they don’t even have. Bitcoin would make this impossible.


  • Money is an IOU. Bitcoin is an IOU but the ledger is decentralized rather than in control of banks.

    Once you start seeing the value of any currency as one of itself rather than trying to express it in a different value system, a Bitcoin needs nothing but its inherent worth as payment.

    That said, because we all still use traditional forms of currency, a Bitcoin is now worth, say, 112000 breads. It’s worth two new mid-sized cars.

    Value is based on scarcity and demand. If something is hard to come by, like bitcoin currently is, the price is hardly affected. But if demand is higher than the supply, prices skyrocket. Demand dies down the moment people feel like crypto is a scam. Supply will stop since Bitcoin has a physical limit (of the top of my head 21 billion). It is no longer realistic to start mining the stuff and receiving it for payment is just silly at this point.

    But to flip it around, what is the value of a US dollar, without expressing it in terms of another currency? It used to be tied to gold. You can’t really state one dollar is equal to, say, one bread. The price of bread has fluctuated. Or, has the value of a dollar fluctuated and has a bread always been worth one pair of socks?

    Baseline: everything is worth one of itself and trying to express it in another value system is just a snapshot, a moment in time which will have changed soon after.













  • It’s difficult to say, really. It’s a form of acceptance. Accepting that you are who you are, taking things at face value rather than second-guessing everything you hear. I’ve got a decent head on my shoulders and feel more confident in my own abilities.

    It wasn’t until I decided to call in sick from work last September. It was not a great winter to get through and taking a long, hard look at myself, my environment and my past was a very painful process.

    I’ve been pretty aware of the fact that I was in need of psychological help since somewhere around 2018. Since then I’ve taken one step, in 2018, but didn’t follow through. I muddled my way through my last year of college, graduated, worked at a small publisher for about 3 years before moving to my current employer, moved, had a lot of personal stuff going on…

    The step I took last September, to basically hit the brakes, was a turning point for me. But it took until the end of February to actually feel like I was on my way back up.

    So in short: it’s pretty much all about confidence. Once you’ve accepted yourself for who you are, you’ll no longer feel like a burden to others. You’ll most likely also realize that people don’t often judge you without telling you stuff. After you’ve had an interaction, there is no need to wonder ‘oh I wonder what they’ll think of me, what will they think of me saying this or that’. Your overthinking will slow down a bit.

    Couple of caveats:

    • I am very aware of the priviliges I have gotten along my life and I understand not everyone can just call in sick for a year and get full medical support from their jobs, or be able to just freewheel through college;
    • I am still a long ways from where I need to be and I’m starting both therapy with a psychologist and something called Acceptance and Commitment Therapy in group form.

  • I have a colleague who actually behaves in a way that I recognized right away. It is something I used to do a lot; talking like I was a burden on others, like the time people spent with me was time lost for them.

    It takes finding out a root cause to stop this. Me, I’m a perfectionist. This manifests through me being a people pleaser: I hold myself to really high social standards and expect others to also set the bar high for me. I really don’t like it when people are disappointed by my actions, so that causes me to apologize more than necessary.

    I’ve taken stock of my life the last six months and made a lot of progress on this front.

    The best thing she can do to change her behavior is acknowledging she has an issue to begin with. As long is she is happy with her current behavior and you are not, the only thing you can do is explore why she feels the need to be like this and see if she can alter her behavior without distancing herself from who she is.