You can program anything up to and including judicial oversight and interaction rescission into a smart contract. Not all existing laws make sense or have a positive effect on this ecosystem. Many have a negative effect, speaking from experience.

I will not be able to convince someone who’s stubbornly ignoring everything I’m saying. Go waste someone else’s time.

You can mimic any existing setup for tracking deeds and similar, or invent new ones, with the added quality that they can’t be doctored. Once something is recorded, it’s recorded for good.

What do they “make”? They control for the risks in social economic interaction with potentially adversarial parties. Ethereum is proof of stake, it doesn’t burn up tons of fossil fuels. And the contracts aren’t subject to human interpretation after being authored, they’re deterministic at the protocol level (save for the entire network deciding to revoke the contract).

Why are you making fundamental mischaracterizations of the technology while acting like an expert? What you’re doing is dishonest.

Yes, work. Smart contracts are designed, programmed and, if they’re done right, rigorously audited for correctness. Then you have user-facing interface and everything surrounding that as well. Look at the documentation of AAVE, for one example.

And this isn’t even getting into the protocol level (L1 or L2) work either. Bitcoin was relatively simple, Ethereum is not. They’ve spent years crafting these systems to function for PoS, L2 support, sharding, rollups, etc., at scale.

Yes, for the limited subset of ERC20s or whatever you describe as “ponzicoins”. Things that actually do nothing, particular not doing anything more than L1 cryptos but “this is yet another token”, are not really adding any value. But I would be really surprised if you can name any more complex contracts than ERC20s (or ERC721s), which is where the work in the space actually goes.

I reckon most of that already is. A real estate escrow smart contract is maybe 200-300 lines long in Solidity, depending of course on what it supports (contingencies and such). You may want to actually go look around, because there’s I don’t know how many millions of lines of Solidity already written. It doesn’t all get as much publicity as NFTs.

“Greatest fool” description relies on the precept of its utility or demand returning to zero in a near-future timeframe. If people have utility for “the thing”, that won’t be the case.

Also they have some smart contract capabilities which I suppose Ethereum people think are important. But I’ve never seen any practical use for that stuff.

Anything you need complicated multi-party interactions for that you want guarantees on. Real estate escrow comes to mind first. Depository accounts with yield. An immutable archive of records. Multi-signature corporate treasuries. Whatever. It’s programmable money. It’s not even necessarily monetary, because smart contracts can just deal with arbitrary data.

Never impressive to see a technical audience shit all over Ethereum for internet points. By far the least scammy crypto people have actually dedicated years into building something real on.

According to…that woman with a book about his wealth? Article says 70 to 200 btw, not 200. Sources elsewhere guess much lower (tens of billions).

US GDP is 27.72 trillion. That’s the movement of money annually.

Yes, Putin’s in charge, with his one hundred million dollars (sarcasm, not exact figure) and zero sway over the entire Western economic establishment.

History will look back at the American empire and judge all its complicit civilians equally. It’s Democrat vanity that makes them think they’re not in the same genocidal boat as Republicans. You may think of yourselves in another class, but your politicians were complicit in the same crimes.

Just practically speaking, hard work alone doesn’t cut it. You need to figure out how to get enough money out for the labor you’re putting in. Goes without saying, for many people that’s impossible, especially with no financial wiggle room. On top of whatever inequalities are inherent to capitalism, the government’s also gone out of their way to completely rig the rules of the game.

You’re kinda stretching it there.

If you go on there concern trolling and trying to start shit, I bet you will get banned.

But, fun fact, communists actually are not a fan of fascists.

https://lemmy.world/c/world actually.

In the past week I caught a 7 day ban for “misinformation” (x3, then for reposting a link to the mod logs, “skirting the rules”, “repeated offenses” etc.) from /c/WorldNews for accusing Democrats of being complicit in the ethnic cleansing of Palestinians. An actual fact - tens of billions of dollars in arms sent to an ongoing genocide/ethnic cleansing by Biden. No problems like that on lemmy.ml. That really says it all for me. Lemmy’s basically just a fediverse reddit, with the same mod structure - if mods abuse their power, and admins don’t keep them in check, it’s time to ditch the instance.

By the way, Lemmy itself was created by Dessalines, the admin of lemmy.ml. Who I collaborated with briefly on building some of the UI that you’re using right now to read this. Very thorough guy.

“Essential” is your criteria? To be clear, you’re saying that anything that’s an actual human need, should be state run?

See the giant bag? He’s got multiple orders in it.

Not as efficient as driving to every mailbox in a row, to be sure.

But it also doesn’t cost Uber probably more than 25% of what they charge for an order, to pay the delivery driver.

USPS is the most underappreciated thing in the world. In the shittiest areas I’ve ever lived it’s still been fairly reliable. In a nice area, forget about it, perfect.