I have just read an excellent article about the sterile class by David Guteridge. The sterile class is a term from the 18th century. Sterile class has created sterile products that make much more money than the production of goods and real services. I had no contact with DeFi until SmartBCH, but now I know that DeFi is nothing but a sterile product without sterile class. The sterile products are basically meaningless, they don't create value, they are just there to have more pay in the account or more tokens in a wallet. I hope that reasonable and good smart contracts will emerge in SmartBCH. At the moment they do not exist. At some point it will turn out that all the numbers in the account and inflated cryptos in the wallet are worth nothing. Only the things that are really needed, like food, petrol, electricity, houses, will always have value. I recommend you to read the article. https://read.cash/@dave_gutteridge/bitcoin-cash-needs-to-reject-the-sterile-class-cabaef0b #DeFi
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3 comments
Telesfor have you withdraw your bch? I understand that the value in our wallet here in noise changes but my notif in noise and the value of my post is not the same, before I have no concern because it reflecting right away.
Since the content of the noise.cash wallet is not displayed in BCH but in dollars, the display differs. Example: You have received something and you see 1$ in noise cash. This does not mean that you have received 1$. It means that you got BCH worth 1$. If at that moment 1BCH was $500, you have received 0.002 BCH. You see the same in your nois.cash wallet and in noise.cash post. If the next day BCH price would drop very much and 1BCH=$250, you would still have 0.002 BCH in the noise cash wallet, but the display in the wallet would show only 0.5$. On noise.cash post the amount is not adjusted and it still says 1$. In short, these differences are caused by the widely varying dollar prices. You don't have to worry about noise.cash. Everything works correctly.
Got it thanks. The notif value is not reflecting the post value because of the prices in the "market of bch". It also affects our post amount. Thanks.