RE: My Blurt ecosystem proposal

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My Blurt ecosystem proposal

in proposals •  2 years ago  (edited)

It's exactly like a bank but the same as the Fed. He prints fake money out of the air to rob his customers and investors, by putting this fake money into circulation and selling it just like the world's banks causing high inflation which is a hidden tax. And that makes him guilty, because this practice is nothing more than corrupting money.

This is criminal activity, but in today's world where people are used to being fucked by banks and other financial institutions, few people understand how serious this crime is and what far-reaching consequences it has.

Once the economy depends on reprinting, then it can't stop this practice because all the false positions and economically unprofitable work that was done in exchange for this money does not allow you to stop reprinting because the investments do not pay off.

And that's what you have on the blurt. Mega paid this money out of thin air for things like improving the appearance of blurt's code or mute functions that no one wanted (look at gitlab for how many such items you will find there), and blurt barely had the capital to carry out any activities that could start make money for yourself.

I bet if he paid with his own money and not with investors' money, he wouldn't be so eager to support things that don't pay off. Just like mk does here.

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  ·  2 years ago  ·   (edited)

In other words it's no different than steem and hive when it comes to centralization of power, but no downvote. Good enough for me, not like I've put any kind of serious holdings here...lol But damn, if MK put more than 10% of his net worth into Blurt, that is proof money and brains don't always go together.

  ·  2 years ago  ·  

Transparency 🥓


And truth 🤬

  ·  2 years ago  ·  

...but no downvote

and this is it

  ·  11 months ago  ·  

Can we not just admit that this entire thing is a bunch of convoluted bullshit? That this could and should be a hell of a lot easier for any random person to hear, understand, form an opinion on, and have a say in it? Instead there are all kinds of programs, incentivization initiatives, and various other band-aids and fix-a-leaks?
Who the hell decided to start a fiat cryptocurrency?
I haven't been here long, so I missed the whole story (and I honestly don't really care), but I'd like to know who (other than the people who are actually profiting from this) thought it would be a good idea to have a cryptocurrency with built-in inflation?

Just to be clear: I obviously don't know fuck about shit, but I also don't think I'm an idiot, and I almost immediately gave up on trying to understand how Blurt actually works and what it's stakeholders' objectives actually are. (Again, I don't actually care, but I can say for certain that this entire system is wayyyy more complicated than it should be, so much so that outsiders have practically zero incentive to join the community.)