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Joined 1 year ago
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Cake day: July 14th, 2023

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  • Added some links to my original comment.

    It’s not instead of central currency, but in addition to it.

    The advantage is that businesses can transact with less conventional liquidity so they don’t have to rely on bank loans. This allows them to charge less to customers who use the local currency.

    In the long term, this makes money [in general – both kinds] move slightly faster within the local market, which makes the money [both kinds] more valuable [within the community]. And since the money [again, both kinds] is staying in the local market, the community’s wealth is less likely to be drained by external speculators.

















  • But LoSavio had opted out of the arbitration agreement and was given the option of filing an amended complaint.

    This is why it’s important to opt out of arbitration!

    Also notice the potential for fuckery in the statute of limitations here:

    the relevant statutes of limitations range from two to four years, and LoSavio sued over five years after buying the car. Under the delayed discovery rule, the limitations period begins when “the plaintiff has, or should have, inquiry notice of the cause of action.”

    But when Tesla declined to update his car’s cameras in April 2022, “LoSavio allegedly discovered that he had been misled by Tesla’s claim that his car had all the hardware needed for full automation.”

    Without that specific moment to point to, to reset the clock through delayed discovery, Tesla could just say “Yeah, we lied, but you bought the lie for 5 years, so now we’re in the clear!”