I went down a bit of a search looking for counter evidence that crypto is likely less available to them, and it turns out both perspectives are true depending on the scale you look at. At the micro-level, survey data from emerging markets[0] confirms that crypto offers immunity against institutional failure and inflationary currency.
But this QJE article[1] argues there's a ceiling to how far things scale. Concluding that the cost to keep a decentralized network secure scales with its total economic value. So while there is immediate value to it's user, it might not scale well, and can't replace a country's financial system anyway because securing it at a sovereign scale would just be more expensive.
Ante has some points on this issue: https://antelang.org/blog/why_effects. All of this is just different syntax in other languages and solved but the abstraction provided seems to be neater.
I'm quite surprised by how the HN audience has multiple stakeholders with deep expertise and lived experience associated with any post, without all the generalisation and hollow speculation present elsewhere. And these comments get posted quite quickly too.
The modern academic consensus is that "η" was likely pronounced like the "e" in "met" but longer. In IPA, it'd be /e:/. And thus "β" as /be:ta/. What you are saying is how it is done in modern Greek though.
Oops, I thought your claim was about the consonant sound /b/ vs /v/. I had the British /bi:tə/ in my mind, and forgot that Americans used /beɪtə/, which I agree is closer to the American pronunciation if your 'ay's are not diphthongised.
Funny enough, I went to double-check the IPA and realized the textbook classical Attic should be reconstructed as /ɛ/, so /bɛːta/ anyway. Which is still closer to the American version as both are open front vowels.
It turns out that while /bɛːta/ is the old academic reconstruction, statistical analyses of spelling mistakes from then shows that Athenians had already closed that vowel to /e:/ or even all the way to the modern /i:/ sound as early as 500 BC. So the how they spoke daily was even messier.
You're right, I guess American English is too common and I didn't consider that British English pronounce it differently (and one step closer to modern Greek)
Attic/Athenian Greek were considered a bit weird by other Greeks at the time, especially with replacing "ss" with "tt". But if there was nothing else to connect us modern Greeks to ancient Greeks, the constant infighting and bickering would be enough :)
Doric Greek had replaced η with α in the same time period (eg ή ταν ή επί τας which would be ή την ή επί της in other ancient Greek dialects of the time.
But this QJE article[1] argues there's a ceiling to how far things scale. Concluding that the cost to keep a decentralized network secure scales with its total economic value. So while there is immediate value to it's user, it might not scale well, and can't replace a country's financial system anyway because securing it at a sovereign scale would just be more expensive.
[0]: https://www.mdpi.com/1911-8074/17/10/467 [1]: https://academic.oup.com/qje/article/140/1/1/7824430
reply