RE: Just In Time Whiplash
No no doesn't really work that way. First let's distinguish between the two. Particularly what many are talking about is the inflation of cryptocurrencies which are bad.. point blank. There is no evidence of a highly inflated cryptocurrency here or otherwise that's done well.
Bitcoin has done well based on a deflationary model. So i feel like you and @taskmaster4450 are full of it trying to push these shitcoins to your benefit
No ithe evidence is counter that within cryptocurrency. Why is that? Because when you give people alot of coins they are going to likely dump on your heads. In bitcoin myk it's used to control our stability and pricing model if we have a minority of whales controlling bitcoin myk and nobody can dump but them they can control the price but we don't want that.. if you have someone who can control the price then nobody sells it.. we need this to be a currency with stability so with bitcoin myk anybody can buy cheap anytime anybody can sell anytime which means it's flowing that makes sense.. this is why bitcoin can't be a currency but it can be an appreciating asset like gold or something.. that's not useful for us in a ubi project and the citizens divdiend but it's useful to you all who want a growing portfolio which represents a very small percentile of the population most americans can't even afford a $400 emergency don't even have a life savings of $2000 so that is of no interest to them. .what's valuable to them is the us dollar that they use everyday to survive and make purchases.
Now speaking of the us dollar when you speak of inflation and the us dollar doesn't really suffer from inflation you are correct in that sense of the standard economy but this is not the standard economy the crypto space doesn't have controls like the standard economy so it's not even applicable to compare inflation there with in the crypto space in fact it's dumb shows me again you don't know what you talking about anymore than you understood the howey test and i'm not sure why you keep talking about things you don't understand
the us dollar generally doesn't float more than 2%.. now i know you all say things like yea but the actual inflation rate is horribly higher.. Well here's the thing unless you're able to logistically account for every resource on the planet and unless you're able to tell me how much oil is in the ground and unless you're able to tell me when we're going to run out of some good or service for some reason and if you can tell me what ports will be blocked and as a result of what future war etc., then you don't know what's really causing inflation because money is fake and the resources aren't even related to money so whether i print more money or go find a trillion barrels of oil in the ground and that changes the cost of oil and furthermore supply and inflation aren't the same thing.. inflation is just when they print more money but keep in mind in relation to what? goods and services but it's many factors have to work with that and because of so many government controls it's hard to say what the inflation rate is but in crypto it's not comparable okay that's the point
because you and taskmaster lack real economic training and education.. you don't understand that this inflation you all champion some of you want more hive coins printed and released. well you don't understand that the gini coefficient if you don't understand what that is look it up because how you guys think and choose projects i have to really wonder about you all
You don't understand that printing more coins is exactly going to be corelational to the growth of your system and population so hive is shit in growth. it's shit because you all run what's more like a dead end economy of a small percentile controlling the distribution at not a good rate.. so nobody sticks around or if they did as you all believed hive would be a much higher volume trading and performing crypto asset class it is not
lastly the reason bitcoin myk is so important is the deflationary rate balances against the transaction rate and population rate to produce the best outcome. i don't care if you all don't use it or not right now doesn't matter. what matters is producing the best system and like any technology cream rises to the top.. which means people will always in the future select the best application and that's not you that's us sir. so you will fail on your laurels that i guarantee you.
Posted Using LeoFinance Beta