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Joined 1 year ago
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Cake day: June 15th, 2023

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  • Since taking office Dec. 10, Milei devalued the peso 54% and eliminated price controls on hundreds of everyday consumer products, reversing the policies imposed by former Economy Minister Sergio Massa, who ran against him for president. The libertarian leader also halted runaway money-printing that had flared up during the presidential campaign.

    It seems like this guy is making the right decisions here. Seems like he’s ripping off the bandaid for a problem that previous administrations had created. We’ll see if he can right the ship.


  • I think his rationale is to take away monetary control from future administrations, which I think is a laudable goal. Argentina should be the richest country in South America, but its people keep getting robbed by the printing press. I wonder if going to a gold standard (or if they feel like rolling the dice, a Bitcoin standard) would be a better option.

    (Cue the anti-crypto arguments because I mentioned Bitcoin)








  • Obviously if the state doesn’t enforce the titles they’re useless. Sure if the president of a corrupt country decided he wants your house he’s gonna get it. But a DLT would prevent lower level corruption that relies on the benefit of the doubt.

    If a corrupt official uses their access to change the PDF title of your house to be in his name, he could take that to court to take your house from you. A ledger would prevent that change from happening, or at least leave a permanent record of the change



  • AFAIK if you don’t trust the server and want to know exactly what code was run by it, there are only two options: a smart contract blockchain, or ZK Proofs (which came out of blockchain research)

    It’s a social technology. It allows outsiders to validate that the election tally code was run correctly. Elections are run every day on the Ethereum blockchain often that has financial implications for the voters. It doesn’t mean they never get hacked, but it certainly gives the users more visibility and trust in their vote than a centralized black box



  • Not a fair comparison. Bank databases have been running since the 70s on code that has barely changed in that time. They’ve been battle tested for decades, so it’s unlikely a new exploit is going to be easy to find.

    On the other hand, if you wanted to run an election on a centralized database, think about what that means. All the votes need to go to 1 server somewhere, which will tell us all who won the election. A server that is run by an IT team who will have root access and could be phished, or bribed, or threatened. A server that only gets a real-world test once every few years.

    Users have no idea if their vote is in the database, if it’s correct, if it got counted in the final vote or not.

    Don’t get me wrong, I don’t trust the current crop of DLT tech more than the pen and paper method, but at least it’s more transparent than a centralized system


  • There are lots of knee-jerk reactions because people saw the word “blockchain” in the title. It’s as intellectually lazy as the shills who refuse to criticize the crypto industry for its shady parts

    This just sounds like a decentralized Slack, with a blockchain to ensure all nodes have the same data. The details are sparse, but this sounds like a proof of authority system to achieve consensus between authorized nodes in the network. No cryptocurrency involved. It’s just using blockchain as a consensus algorithm between decentralized nodes(which is what it was designed for).

    It doesn’t say, but since their target demo seems to be enterprises, my guess is that the idea would be companies run their own node in the network, which would allow a high degree of security and be interoperable with other enterprises.

    “But you could use a federated system…”

    I’m all for the growth of the fediverse, but it still has many problems. If you’re running a large enterprise that needs a guarantee that all your messages are synced, in the right order, and nothing has been removed later, a proof-of-authority blockchain is a better system than something federated