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Cake day: January 8th, 2026

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  • Because a currency without a stable backing is completely volatile. Sure the value of normal currencies fluctuate, but apart from a few hyperinflation edge cases that’s at most a few percent each month.

    Small cryptocurrencies fluctuate sometimes hundreds of percent each month and even the big coins can swing ±20% every few weeks. The only somewhat stable coins are the ones directly tied to real world currencies.

    Having a currency that fluctuates this heavily in value creates the exact same problems as the ever changing US tarrifs did. There simply is no wax to reliably price goods and services for more than a few days. You essentially have to barter each trade.



  • Jako302@feddit.orgtomemes@lemmy.worldJust saying
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    1 month ago

    If the state of the Scottish energy grid is comparable to mainland Europe, then the prices go up due to increasing cost of infrastructure.

    Renewables are a lot cheaper per kWh, but require a substantialy higher up front cost in infrastructure due to their decentralized nature.

    Before renewables, the electricity only ever flowed in one direction, from the power plant down to the consumers. A few centralised main powerlines could deliver most of that.

    With the increase in renewables that suddenly isn’t true anymore. Smal villages often are net positive, we’ve reached a point where even the medium voltage grid of entire regions is net positiv and the energy has to be transported somewhere else, sometimes even outside the country.

    All this requires substantially more powerlines (or at least thicker ones, so still new cables). But more importantly, devices to measure the current load of the grid at all times and modernized equipment that can remotely be operated to respond to variing load.

    Not to say that we should stop building renewables. All this infrastructure will be needed eventually eather way, but at least in the short term, investments will be needed regardless.