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What's with all the tech layoffs? (infosec.pub)
submitted 2 years ago by to c/asklemmy@lemmy.ml
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Every day there’s more big job cuts at tech and games companies. I’ve not seen anything explaining why they all seam to be at once like this. Is it coincidence or is there something driving all the job cuts?

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[–] 34 points 2 years ago (1 child)

This is a thing that sounds like some crazy uncle bullshit but it is actually completely true and non-controversial.

The scariest thing to a central banker when it comes to inflation is that wages might start to go up. When that happens the inflations is basically permanent.

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  • [–] 21 points 2 years ago* (last edited 2 years ago) (2 children)

    People need to understand that the Federal Reserve is the cartel of the US private banks, and that they have captured the US Treasury as well, which is the US sovereign fiat money printer. Just look at the history of people in executive positions at the Treasury and the Fed. It’s a revolving door between those positions and the executive positions at major US banks and corporations.

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  • [+] -7 points 2 years ago* (last edited 2 years ago) (1 child)

    Bitcoin solves this. Clear, unambiguous, unchanging monetary policy that doesn't constantly increase the supply and take a portion of your dollar's value to give to anybody else. It is not aligned with any country or even block of countries and is truly the first international currency in that sense. No politician or even national or supra-national government can force Bitcoin do do anything that isn't part of its protocol because it's so decentralized.

    It has been running 24/7 365 for 15 years without a single major security issue in the protocol or a single hour of downtime. With lightning network upgrades, transactions confirm in under a second internationally with fees 1000x less than credit cards, often under a single cent.

    It is accessible to anybody in the world with a cell phone and internet access, including the billions, with a B, who don't have access to stable banking infrastructure or local currency. No credit checks, no needing six forms of ID, no overdraft fees, no bank holidays, no middlemen, no nonsense. And it does this with less electricity than you'd think, less than 1% of global electricity usage, mostly from renewable sources as miners chase the cheapest electricity and the cheapest electricity is from renewables and over-provisioned grids.

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