Whilst the act for which you speak definitely accelerated the bullshit, it wasn’t peaches and cream back in the day. Just look at the film Citizen Kane a fictitious (and lawsuit resistant) depiction of William Randolph Hearst. In it an exceptionally wealthy business man uses the media to promote his political aims. And to skew narratives outside of strict politics. A man who craves love and adoration but can’t reciprocate. Remind you of anyone? I would say Musk’s purchase of Twitter fills at least one of those molds, Trump the rest.

I wonder if some kind of mesh might work. Maybe like a secret Santa type deal. By that I mean everyone who connects, gets a randomised, anonymous partner or partners. Everyone in the swarm streams for each other.

Or Gators.

I think the trade is, you take on the purchase of the house, and the landlord takes on all the downside risk.

I’m not sure. If that is their strategy they’re dancing on a razor. I mean, the market is pretty slim. Basically, you can get a pretty sweet gaming PC for the price they’re offering. And if you project the amount of games you’ll get and estimate the price differential with prices of the same games on a PC you might be able to uprate the specs a few times. I would say that a PS5 with a reasonable amount of games is probably worth a similar amount to a $1k PC.

Without knowing why people change their wallets, it’s hard to nail down a solution. But, perhaps a smart contract wallet whose access is controlled by an underlying wallet that can be swapped out may help. In any case, all transfers or smart contract execution attracts a fee. Even sending money between wallets.

You’re right. But, all this good stuff is to obfuscate the central fact that you don’t own the property you bought. Sure, Valve has claimed that should they go away, as their last act, they’ll provide the ability for users to own their purchases, but who actually believes them?

And now, the physical licence path is even less accessible. The thing with the physical licence key is it’s transferrable even if the actual data is stored elsewhere. It’s a thin veneer, I mean, Sony could gate access to this data to the first account/machine that activated it. So even this advantage is taken away.

This is yet another nail in the coffin of physical media. Or, in other words games you actually own instead of long term lease.

I think Sony never wanted a physical media PS5 console. The design made it seem like an after thought. Like a growth on the side of sleek lines.

While you’re correct that laws are created by the legislature the judiciary is where they are judged to be just. At least in systems based on English common law. Look up jury nullification for more info. Also, prosecutorial discretion is a thing. Basically if any law isn’t enforced either through jury nullification and/or prosecutorial discretion then it is vestigial and should be amended or repealed.

That’s quite a privileged point of view. Take a look at: https://en.wikipedia.org/wiki/Hyperinflation#Notable_hyperinflationary_periods. In the crypto world, this is the very definition of a pump and dump. Except the pumping in the fiat world is the money supply and a dumping is the value. As for scam coins, I disagree, the scam isn’t usually the currency (we’ll, not more than fiat) it may be created and used to facilitate a scam, but unless the creator programmed in a flaw that can be taken advantage of, it currency itself isn’t the scam. And since scam creators are usually lazy, ignorant, or just optimising for returns, most of the code behind their coins have been forked from other, more legitimate crypto projects.

Sweet! Although I do wish they could expand the access, at least give read-write access even if it is only for that session.

While it’s a bit off topic regarding the question, if you want a quick glimpse of what’s out there, try https://distrosea.com/

What I am trying to get through to you is, just like how the LIBOR scandal doesn’t implicate fiat, scammy crypto projects doesn’t implicate crypto. My criticism of fiat is it’s fundamental systemic weaknesses. It seems your criticism of crypto is it’s used by scammers. A criticism that, incidentally can also be levied at fiat.

The main difference between these “shit coins” and fiat is once the shit coin scammers eventually pull the rug, they cannot just print more of that coin. Fiat scammers can just print more of that currency.

But in both situations one does need to look at the economics of the coins, and the priors of the people in control.

I think I didn’t make myself clear. When I said “by volume” I meant was the amount of value the different systems hold and the amount of if not outright fraud, negative aspects of the systems. The fiat money systems’ money supply has a fundamental weakness, it can be created out of thin air so is constantly loosing value. Think of all the investment vehicles or other assets that tie themselves to this loosing value asset. Trillions in USD. And what’s it all backed by? Ultimately guns. Well most crypto currency is backed by maths and no matter how many guns you point at it, you cannot make 2+2= anything other than 4.

At the level of individual acts congress has no legal power due to the separation of powers. However, congress is sovereign and has the absolute power to make, modify and discard any law it chooses to as long as it’s constitutional (and they can amend that). This kind of power means that they have extra judicial influence and threats have real weight.

While I support crypto you gotta pick your asset. And, boy this is a dud.

I would say the fiat money system is the biggest con, at least by volume. What with all the quantitative easing and fractional reserve banking.