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Cake day: June 13th, 2023

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  • None of the high end chips were made in Chinese fabs, and the device barely qualifies as a “laptop” besides the form factor. For some bizarre reason they used a USB5744 USB 3.2 5Gb/s hub chip, which tells me the following:

    • Their CPU doesn’t even have multiple USB3 interfaces
    • Their CPU doesn’t even have a single 10GB/s USB interface, which has been standard for may years
    • They don’t really care about using local parts only, because they have alternative products like the GL3590

    Unless We get better close up tear down photos, this devices primary purpose is propaganda


  • There is a UFS-II specification and even a PCIe version specifically for micro SD cards. It was all planned out, and it would have been trivial to tell consumers: “Yo need card with more contacts as shown in picture”. But no, the biggest manufacturer of flash storage is samsung, and they decided they’d rather sell higher storage capacity phones as a premium. Easy to do when you’re the second biggest manufacturer of of phones and apple already paved the way.













  • If you are a company and run a webstore, it could be mandatory that all funds must go through a wallet where the tax authorities have a view key. This would be trivial to enforce with penalties whenever for publicly using addresses that point to other wallets. Peer to peer transactions (for eg. used goods or produce from your garden) are already except from taxes in my jurisdiction, so these transactions can be private.


  • people willing to exchange it for goods and services Never happened.

    This is literally what you do every day. You exchange something for goods and services. This something is money based on it’s functional role, not some obscure definitions. To be money, it must be used as money. To be used as money, a group of people must agree that the item is worth exchanging for. This something does need to fulfill additional properties to be useful, notably it must be fungible, durable, portable, recognizable, divisible and have a stable supply. Gold does fit this description, but so does fiat.

    What you are describing is a government issued currency, which has some overlap with money, but is not the same thing. Maybe you should research on this stuff.


  • itsmect@monero.towntoLemmy Shitpost@lemmy.worldPlease Stop
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    8 months ago

    The idea that money is tied to the state is silly. Many things have been used as money, way before the concept of a “state” existed. Undeniably the money that lasted best across the passage of time is gold. Up until very recently it was the standard to settle cross country currency exchanges with. The value does not come from the state, but from people willing to exchange it for goods and services. Todays fiat money is created at will by a few select people that are not democratically elected. They get to decide how much they debase your savings for the “greater good”, while the ones that profit the most are those who control the source.

    Most people do not care about their open source, privacy and digital rights, so they only hear and care about crypto when the price jumps or when it is used for crime. Everything else is simply not newsworthy. So you end up with a bunch of “investors” looking to make a quick buck and people who believe to solve crime with more laws (requesting ransoms is already illegal, has existed before crypto and currently gift cards are scammers favorite form of payment).

    I never mentioned the price nor suggested investing, because quite frankly, I don’t care. What I do care about is giving the few big companies that control the internet as little data and influence as possible, and not processing payments through them is a really important step. So I keep about as much crypto as I keep cash in my wallet, and use it preferably when buying or selling.


  • itsmect@monero.towntoLemmy Shitpost@lemmy.worldPlease Stop
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    8 months ago

    I prefer free software not for its price, but for the freedom it gives me. Naturally I donate to these causes roughly what I’d have spend on a commercial one. They however do not need to know who I am, so I exclusively use crypto for that. I made one exception for an organization using paypal, and promptly they pulled address and name from that, gave it to a 3rd party which then send a postcard to me. You could see it as a nice gesture, but I think it’s just rude to use data in ways I did not explicitly consented to. Just take your money and leave me in peace.

    In a similar manner I like to use it to pay for email, vpn, hosting and other online stuff. In fact this lemmy instance is 100% paid for by microdonations from its users, and because the provider accepts it directly no conversion was needed.


  • itsmect@monero.towntoLemmy Shitpost@lemmy.worldPlease Stop
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    8 months ago

    Crypto is not anonymous. Even monero, the most private cryptocurrency, has a feature called “view only wallets”, so 3rd party auditing is possible, if not easier then auditing today. Will individuals use it to avoid some taxes? Sure, it gets easier for them. Will corporations avoid more taxes then they already do? Doubtful.


  • Well their can not be uncapped fractional lending as it is right now. The bank could offer a credit card equivalent, but it would need an equal amount of deposits. The current system works by essentially crediting the merchant an IOU, whose value does not have to be real. With crypto merchants get to choose, would they rather have native crypto, or an IOU with strings and contracts attached? Obviously the latter is more risky, and therefor the seller has to factor it into the price/ transaction fee.

    Maybe that can be somehow circumvented too. But it certainly is more difficult then the meddling that happens right now.