chicken

joined 2 years ago
[–] chicken@lemmy.dbzer0.com 3 points 1 day ago

oh, so then it was like a "get" with everyone spamming orders hoping to get that number

[–] chicken@lemmy.dbzer0.com 2 points 2 days ago (3 children)

Couldn't they just change the menu so item 67 is something very high profit margin and not subject to supply problems? Doesn't seem like a real problem.

[–] chicken@lemmy.dbzer0.com 1 points 1 week ago (1 children)

I looked up some stuff about Argentina's financial crisis since you mentioned it before, and it looks like they actually did something a bit like what I'm talking about, directly appropriating the valuable assets they could in an effort to keep being able to function:

In addition to the corralito, the Ministry of Economy dictated the pesificación; all bank accounts denominated in dollars would be converted to pesos at an official rate. Deposits would be converted at 1.40 ARS per dollar and debt was converted on 1 to 1 basis.[69]

There's some indication that this also applied to financial products:

As noted above, a number of U.S. investors have filed ICSID arbitration claims against the government of Argentina. Most of these investors consider the January 2002 pesification of dollar-denominated contracts, and/or the ex post facto prohibition on contracts linked to foreign inflation indices, to be an effective expropriation of their investments

I can't specifically confirm this included gold held on paper, but I think it probably would have.

As for the plausibility of this sort of thing happening in the US, in addition to the actions of Roosevelt mentioned by @diablexical@sh.itjust.works, the main trigger for Nixon abandoning the gold convertibility of US dollars was France attempting to physically withdraw the gold they had stored in US banks, which they didn't want to allow.

[–] chicken@lemmy.dbzer0.com 2 points 1 week ago (3 children)

I think what they're saying is that in a hyperinflation scenario, it is an option for the government to seize the physical gold backing the financial products people hold in order to continue paying to run the government now that fiat is worthless and they are having trouble with that.

Gold you have buried in your basement, they will have to work a little harder to get.

[–] chicken@lemmy.dbzer0.com 4 points 1 week ago

Same, traveling around the holidays is awful

[–] chicken@lemmy.dbzer0.com 13 points 1 week ago (1 children)

There's at least some difference between "have been" and "this is currently likely to happen", since if it's known then it would have been fixed. I've gotten viruses before from just visiting websites but it was decades ago and there's no way the same method would work now.

[–] chicken@lemmy.dbzer0.com 1 points 2 weeks ago

Sounds like an additional reason to be doing it in a way where participants can't be debanked by payments middlemen

[–] chicken@lemmy.dbzer0.com 0 points 2 weeks ago* (last edited 2 weeks ago) (2 children)

Part of the headache here is that this situation inherently props up a few monopolistic platforms, rather than allowing people to use whatever payment system is available in their own countries. Some of this can be worked around using cryptocurrencies – famously, the Mitra project leverages Monero for this very purpose, although I'm told it now can accept other forms of payment as well.

Hell yeah, I didn't know about Mitra. It sounds like it's a Patreon esque kind of deal with what the payments part is for.

[–] chicken@lemmy.dbzer0.com 1 points 1 month ago

The ruling came after the cities of Sedro Woolley and Stanwood sued Jose Rodriguez in civil court to block his records requests. Both cities have since turned off their Flock camera systems.

Great outcome