Currency needs to be backed by something other countries would want and actually hold. If nobody is holding a supply of it “backed” it would be pushing the currency value down.
Have strong opinions, but I welcome any civil fact-based discussion.
Alt account: /u/BrikoX@lemmy.sdf.org
Currency needs to be backed by something other countries would want and actually hold. If nobody is holding a supply of it “backed” it would be pushing the currency value down.
On a more serious note, it should be something no single country has a majority of control over, and it shouldn’t be a limited resource, like gold which was previously used.
Greed. The US dollar would catapult to the sky. Capitalism is the economic system based on greed. It has a built-in supply.
Original post: https://kolektiva.social/@admin/110637031574056150
Important context missing from the EFF article is that the Mastodon instance wasn’t the target of the raid according to the admins.
In mid-May 2023, the home of one of Kolektiva.social’s admins was raided, and all their electronics were seized by the FBI. The raid was part of an investigation into a local protest. Kolektiva was neither a subject nor target of this investigation. Today, that admin was charged in relation to their alleged participation in this protest.
Even if that’s the case, it doesn’t excuse just bailing without any warning or explanation. It was a shitty thing to do.
Fixed link
!rimjob_steve@lemmy.world
Correct.
The admin just bailed one day without saying a word or giving any warning. He was literally recruiting admins a day before. Some people though it was domain issues, but he closed all the support/donation links too.
Never. Getting physical with a coworker would be a crime where I live.