I don’t believe that is accurate. Beside moons (which don’t orbit the sun), Pluto is the largest and closest dwarf planet.

It’s called accelerationism and it is stupid

Sure and people who think you can’t have monetary policy with crypto are too uninformed to be worth discussing the merits of each system.

I’m sure we can all wax lyrical about what we think money is and lord knows whenever cryptocurrency is brought up the armchair currency experts are always there. So thank you for that!

Its not the same thing, its just incrementally more decentralized than the current system but potentially less so then a proof of work one (and even then only in theory, in practice a lot of POS chains are more decentralized than BTC).

But the most important aspect of crypto is actually not decentralization. Decentralization is necessary but only to a point. What is more important is for the cryptocurrency to be permissionless. In that way, you are correct it is replicating a system we already have… cash. It basically taking the properties of cash and bring that into the digital realm. We lost so much when our money and other assets became digital and that it what crypto is trying to give us back. It crazy to me that people don’t want to see that happen and buy into these superficial critiques, which, even if true are just engineering problems that can be overcome.

But I am no stranger to seeing people completely sleep on radical shifts in technology. Hell the fediverse is just like that too and if you leave it for a moment you will see people trashing it in the same way. So whatever, keep your fiat. I hope the future is one where both systems an co-exist.

As opposed to a currency issued and secured by a central bank?

Yes… some with billions of dollars in a crypto has a billion more reasons to want the network secured.

Cybersecurity is definitely in demand in Canada but we are also going through a housing affordability crisis and generally our tech salaries are lower in compared with the US. You would almost certainly be taking a step back in standard of living unless you swing a remote work situation from a US employer.

Yeah the quality of content has definitely degraded since the API changes and these insular hive minded communities have only become more so, probably because those are the type of people that stayed. And Lemmy just isn’t quite there in terms of catering to niche topics that was keeping me on reddit.

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Asset Tokenization and Smart Contracts are two things that will be increasingly used in Finance. That is why the recent BIS report on CBDCs included both of those as essential features of a Central Bank Digital Currency.

What Blockchain does is provide these features of a digital currency in a way that doesn’t require a trusted intermediary. This makes Blockchains resistant to censorship in a way that a central bank digital currency can never truly guarantee. It is true that a centralization system like a database or ledger can be faster, more efficient and more secure but that you will always have to trust that provider of that service that they will continue operating in a manner that is congruent with what a user may want.

A recent example of this would be the news that Ubisoft is deleting inactive accounts on Uplay, which is potentially resulting in many users losing access to games they bought on that platform. Were the rights to those game tokenized on a Blockchain or CBDC, the users could potentially redeem that on another platform. Another example would be the case of the user losing his 900 hour character in Red Dead Redemption after Google shutdown stadia. Had that player’s character been tokenized as an NFT he might have the capacity to move it off of stadia and onto another game platform.

Get a little nervous about your Steam Game collection worth 1000s of dollars that is completely locked into Valve’s ecosystem? How about a decentralised, immutable and censorship-resistant record of your ownership of those games? That is what asset tokenization is about and it will become more important in the future as our lives and our assets become more digital.

Then there are multitude of uses for smart contracts which, again, don’t require a blockchain provided you are ok with relying on a trusted intermediary to execute the contract as it was termed. Given that contracts by their nature often involve agreement between organisations or individuals with diverging interests, it almost a certainty that having an immutable, censorship resistant network to run those smart contracts is desirable.

We are still in the Eternal September… https://en.wikipedia.org/wiki/Eternal_September