14057 pts ยท May 7, 2011
This is called inflation. This is central bank theft. Wtfhappenedin1971.com shows you why
*the cantillion effect and inflation working hand in hand. Those closest to the money printer gain the most
Inflation is due to printing trillions of dollars. Things aren't more expensive, your dollars are worth less.
Yes but no. Keynsian economics and inflationary monetary supply can't last forever. Austrian economics and a return to hard money will fix
2- they need to print money to maintain inflation. We need to move to an Austrian economic.policy. hard money and deflation
We live in a deflationary world. Technological advances make things cheaper. But because deflation is bad according to Keynesian economists
Not capitalism, fiat money.
They were free to say what they wanted, he disagrees, so their actions had consequences. How is this difficult?
Funny thing is, all the bitcoiners I know are ecstatic at being able to buy more cheap bitcoin. Also, it's not mined with gfx cards.
Bitcoin and financial education on unbacked currencies solves this. Financial inclusion and education for all.
I agree. ETFs and state held supplies have screwed it. Bitcoin is better sound money
It doesn't debase like fiat, is easier transferred, stored and tracked than Fiat. Isn't subject to censorship or permissions.
Happy to discuss this off imgur which really is crap for an actual discussion
I never said currency, I said it was better that fiat. Which it is.
Don't look at the price. Look at the adoption curve. Vs internet. Look at s curves in new tech. Metcalfes law.
No, the head of JP.morgan said that, their billionaire customers said otherwise.
I'm sorry, your financial loss is 5% avg per year unless you have financial accumen, excess capital or a risk adjusted investment strategy.
https://www.chartoasis.com/btc-usd-forex-chart-10-years-cop0/
Look at what they do, not what they say https://www.coindesk.com/markets/2021/08/05/jpmorgan-launches-in-house-bitcoin-fund-for-private-bank
Lol, were you? Have a quick look at USD purchasing power over time, esp since the 70s since separation of the gold standard.
Your Monty Python knowledge is lacking, but A+ for effort.
Also, were you around for 2008?
Yes but your money is worth average 5% less.per year in purchasing power?
Sound money is better than Fiat money. Gold as a sound money has been manipulated through state level holdings and paper futures for decades
Power, compared to gold, which could.be considered a sound money alternative which the USA delinked from in the 70s.
Well, since fiat money can be printed and devalued as much as a government wants, it is predetermined to have long term negative purchasing
And how has it done against inflation since the 70's?
;) laughs is UST
No, please have a look at Fidelity and JP Morgan research on Bitcoin and how they are starting to see it as a sound money alternative
And Bitcoin is better than all of them.. feel free to send crypto bro hate in DM.
This is called inflation. This is central bank theft. Wtfhappenedin1971.com shows you why
*the cantillion effect and inflation working hand in hand. Those closest to the money printer gain the most
Inflation is due to printing trillions of dollars. Things aren't more expensive, your dollars are worth less.
Yes but no. Keynsian economics and inflationary monetary supply can't last forever. Austrian economics and a return to hard money will fix
2- they need to print money to maintain inflation. We need to move to an Austrian economic.policy. hard money and deflation
We live in a deflationary world. Technological advances make things cheaper. But because deflation is bad according to Keynesian economists
Not capitalism, fiat money.
They were free to say what they wanted, he disagrees, so their actions had consequences. How is this difficult?
Funny thing is, all the bitcoiners I know are ecstatic at being able to buy more cheap bitcoin. Also, it's not mined with gfx cards.
Bitcoin and financial education on unbacked currencies solves this. Financial inclusion and education for all.
I agree. ETFs and state held supplies have screwed it. Bitcoin is better sound money
It doesn't debase like fiat, is easier transferred, stored and tracked than Fiat. Isn't subject to censorship or permissions.
Happy to discuss this off imgur which really is crap for an actual discussion
I never said currency, I said it was better that fiat. Which it is.
Don't look at the price. Look at the adoption curve. Vs internet. Look at s curves in new tech. Metcalfes law.
No, the head of JP.morgan said that, their billionaire customers said otherwise.
I'm sorry, your financial loss is 5% avg per year unless you have financial accumen, excess capital or a risk adjusted investment strategy.
https://www.chartoasis.com/btc-usd-forex-chart-10-years-cop0/
Look at what they do, not what they say https://www.coindesk.com/markets/2021/08/05/jpmorgan-launches-in-house-bitcoin-fund-for-private-bank
Lol, were you? Have a quick look at USD purchasing power over time, esp since the 70s since separation of the gold standard.
Your Monty Python knowledge is lacking, but A+ for effort.
Also, were you around for 2008?
Yes but your money is worth average 5% less.per year in purchasing power?
Sound money is better than Fiat money. Gold as a sound money has been manipulated through state level holdings and paper futures for decades
Power, compared to gold, which could.be considered a sound money alternative which the USA delinked from in the 70s.
Well, since fiat money can be printed and devalued as much as a government wants, it is predetermined to have long term negative purchasing
And how has it done against inflation since the 70's?
;) laughs is UST
No, please have a look at Fidelity and JP Morgan research on Bitcoin and how they are starting to see it as a sound money alternative
And Bitcoin is better than all of them.. feel free to send crypto bro hate in DM.