#for the reminder

[mygraine]

HEY

Drink water

how about YOU drink water. How about THAT.

#/silly! #thank you nonnie #for the reminder #:3c #◜ asks ◞

[chaotic-orphan]

Do u have a masterpost? I wanna read and vote on the poll but I've tried using search and I can't find them all

Yes! I just made one today after seeing this thank you😂

#asks #orphan answers #thank you anon #for the reminder #I am super forgetful

[collapsedsquid]

So far as I understand, and it is important to emphasize that there was not consensus on the details, the technologists see themselves as creating a form of money more trustworthy than that issued by sovereign states, more trustworthy because the rules of money creation (whether proof-of-work or proof-of-stake or whatever) limit issue to a fixed and finite quantity.  Scarcity of the tokens today, and confidence that scarcity will be maintained in years to come, are supposed to support the value of the tokens today.  Importantly, no such confidence can be attached to state-issued money; quite the contrary states are seen as reliable abusers of money issue for their own purposes.  Cryptocurrency is digital gold while fiat currency is just paper, subject to overissue and hence depreciation.

From this point of view, current holders/users of cryptocurrency are just early adopters.  Once everyone else realizes the superiority of cryptocurrency, they will all want to switch over, and the value of fiat currency will collapse.  The (fluctuating) prospect of that eventual switchover shows up today in the (fluctuating) exchange rate between crypto and fiat (as here). And the (fluctuating) prospects of different cryptocurrencies shows up today in the (fluctuating) exchange rates between different cryptocurrencies (as here). According to the theory, one of the cryptocurrencies will be the future global currency, replacing the dollar, but no one knows which one.   People who got into Facebook at the beginning are all multimillionaires; early adopters of the future global cryptocurrency will be too, but which one will it be?  That’s what the lack of consensus about the details is all about.

One of the most fascinating things about the technologist view of the world is their deep suspicion (even fear) of credit of any kind.  They appreciate all too well the extent to which modern society is constructed as a web of interconnected and overlapping promises to pay, and they don’t like it one bit.  (One of my interests these days is “Financialization and its Discontents”, and I dare say that the discontent of the technologists is as deep as that of the most committed Polanyian, but of a completely opposite sort.)  Fiat money is untrustworthy enough, promises to pay fiat money are doubly untrustworthy.  One way around the problem would be to require full collateralization of all such promises, maybe even using so-called “smart contract” technology to ensure that promised payments are made automatically, basically an equity-based rather than debt-based system.  In effect, we have here a version of Henry Simons’ Good Financial Society, but with peer-to-peer cryptocurrency taking the place of his 100% reserve money.  Simons was of course responding to the global credit collapse of the Great Depression; the cryptos are responding instead to the more recent global financial crisis.

I view all of this through the lens of the money view, which places banking at the center of attention, views banking as fundamentally a swap of IOUs, and views money as nothing more than the highest form of credit.  It is view developed not so much around a philosophical ideal but rather as a way of making sense of the operation of the world as it actually exists, outside the window as it were.  In that world, the payment system is essentially a credit system, in which offsetting promises to pay clear with only very minimal use of money.  And prices arise from the activity of profit-seeking dealers who absorb fluctuations in demand and supply by standing ready to take any excess onto their own balance sheet, relying on credit markets to fund the resulting inventory fluctuations.  One can imagine automating a lot of that activity–and blockchain technology may well be useful for that task–but one cannot imagine eliminating the credit element.  Credit is not a bug, but a feature.

This point of view draws special attention to the place where markets are being made to convert one cryptocurrency into another, and especially the place where markets are being made to convert cryptocurrency into so-called fiat.  Someone or something is making those markets, and in so doing expanding and contracting a balance sheet, in search of expected profit (see here for example).  Cryptos fear credit, but I suspect they will soon discover that credit is a feature not a bug, and that will require them to re-examine the implicit monetary theory that underlies their coding. To date, technologists seem to have felt that they have nothing to learn from the operation of the existing monetary and financial system, as their disruption is intended to replace it with something better.   But from a money view standpoint, it is the institution of credit that is the real disruptor, which is fundamentally why it is feared, by cryptos and also by the rest of us.  The answer, as Bagehot long ago taught us, is not to eliminate credit but rather to manage it, and “Lombard Street has a great deal of money to manage”.

This piece is from 2017

#thanks youzicha #for the reminder

[kom010010]

my single contribution to the fandom.

#dungeon meshi #laios touden #marcille donato #it was funnier in my head #color theory children hospital #oh shit Its Doin Numbers #reminder to go on arab.org btw

[lesbianralzarek]

"life doesnt get better, you just get stronger" does NOT include ages 11-17. life does in fact just get better from there. those years are dogshit. like, you do get stronger but its mostly just a factor of not being 11-17 anymore. positive thinking helps but it doesnt fix whatevers going on at 15, you have to brute force through that one raw

#i originally posted this as just a 'hey remember how fuckin bad middle/highschool was? shit was wild' type post but now #there are a bunch of teens in the notes being like 'oh my god are you serious? it gets better? im not stuck in hell forever??' #and im reminded that the only people who told teenage ella 'it gets better' were speakers at mental health assemblies #aka the least relatable people alive who were seemingly born to lie to you #so. uh. yeah im a certified adult who isnt here to lie or sugarcoat the realities of being a teenager #the only thing more certain than the pain is the transcience

[orchidbreezefc]

i made a variant of [link: two cakes] to illustrate a related principle

#sage makes things #sage speaks #sage original post #two cakes #two cakes theory #be gentle with yourselves all my creatives out there #reminders #smiles #greatest hits #wow this resonated huh

[devilofthepit]

2024:

1. GET EVEN WEIRDER!!!!!!

2. GAY AND TRANSGENDER SEX

3. DO WHATEVER YUOU WANT FOREVER

4. STOP OVERTHINKING IT

5. YOU DO NOT NEED TO DO ANYTHING TO BE LOVED

6. FIND MEANING IN EVERYTHING

#sequel to last years 40k note post #only manifested gay sex won’t repeat that mistake again #reminders

[their-we-go]

#a reminder #my art #id in alt text #feel good #art #comic #positivity

[bisexualvader]

#haven't made a shitpost in so long i need to remind everyone that i am a clown #star wars #luke skywalker #darth vader #anakin skywalker #sw memes #star wars memes #star wars shitpost #return of the jedi #aaphra's stuff #sw crack #incorrect star wars quotes #incorrect quotes

[octoberloved]

#poetry #quotes #art #meme #quote #words #poem #love #word #wording #letter #letters #lettering #positive thoughts #positive quotes #positive mental attitude #reminders #comfort #important #positivity #positive affirmations #dog #dogs #dogblr #dogs of tumblr #animal #doggo #dogslife #doggos #cute animals

[koddlet]

personal rules for winter ❄

#this was fun bc i didn't intend for it to be kind of cryptic #i just wanted to make some reminders for myself about winter cuz i never learn #especially the back cover which i guess isn't really a rule but still stands. i'm in a rural place so when it gets dark it's Dark #and its hard to want to do anything #zine #mini zine #illustration #nonfandom #analogue art

[funkbun]

go play bugsnax

#go play bugsnax #sorry The Dragon but i gotta remind ppl what this place is about #(dragons. but also bugged snacks. mostly bugged snacks) #bug game #whatever sure

[a1sart]

if there's one thing this last episode has affirmed for me about Alastor it's that he FUCKING HATES being reminded that he's not the most powerful creature in hell.

Like, he hates being ignored by Carmilla when she says she doesn't care why he was gone

He hates Lucifer ON SIGHT

He threatens to KILL Husk when he dares to mention that Alastor is working for someone more powerful than him

and now this.

Alastor freaking out because he almost died. Something almost killed him. He can fucking die. There is something more powerful than him out there. And it's not something he can ignore or brush off because it almost killed him.

Alastor hates the reminder that he's not as powerful as he tells people he is. He isn't indestructible, he isn't invincible. And he fucking hates that.

#hazbin hotel #hazbin hotel spoilers #al talks about things #OUUGH HE'S MAKIN ME INSANE #he isn't blorbo yet #but he could be #anyway I've seen people say that he's freaking out because he's realizing he maybe does care #No???? that's not it??? #He's scared because he just got the shit beat out of him by an angel??? #He got reminded that there are things out there that are more powerful than him? #that's why he immediately jumps to trying to figure out a way out of his deal #because he wants to get out from under whoever is more powerful than him!!! #hazbin hotel alastor #hazbin alastor

[spacevixenmusic]

It's 2023 and this joke is still somehow even funnier than ever.

#golden girls #sophia petrillo #rose nylund #blanche devereaux #remind me to reblog this regularly next year during the election season

[yutaleks]

FYI I just came across a thread on twitter which says that an author shared on google docs an explicit story with a friend for beta reading and google removed the file due to violation of TOS (apparently it has been updated where you are not allowed to share anything with sexual content). Not sure if it’s just this instance or if it’s going to become a widespread thing but if you guys write in google docs MAKE BACK UPS!!

(Instagram link to the screenshots)

Edit: also wanted to add that it seems that Microsoft word has the same language in their TOS so onedrive is not a safe alternative!

#not trying to scare people but just a reminder to back up your fics locally !!!!!!!!!!!

[kitkatpancakestack]

unavoidable that you will be the villain in someone else's story. You will be painted in an unfavorable light. You will be the irredeemable one. and all of this will happen despite how nice you might usually be or how kind or how respectful or how warm. and you will just have to move on.

#more as a reminder to myself #it's been a while lol #k spirals