@tamer@twtxt.net but I thought you were referring to printing money, so isnât paper money what you are talking about? Everything digital in the bank has a paper backing.
@tamer@twtxt.net isnât that what all governments do? I want to think that sitting above us all, financially smart peopleâat least, much more smarter than meâwho went to school, and studied these things, are making decisions that will not screw them, nor us. What approach would you take? What would your solution be?
@tamer@twtxt.net also, as you mentioned M2, there is some reading on that one as well. Nevertheless, where are you heading with this? Are you trying to prove that cryptocurrency is better than paper money, is that it? Not convincing me, so I will take your dollars, you keep your crypto. đ
@tamer@twtxt.net I think you need to read some more, because you donât know what you are writing about. This shows you how much money is printed.
@tamer@twtxt.net there are very few shared values and premises between two diagonally opposite political parties. It simply reaffirms what I wrote. Your starting sentence, which I didnât addressed on my reply, doesnât precisely give that warm and fuzzy feeling.
@tamer@twtxt.net governments often do whatever it takes to balance out the economy of countries. There is a couple of things to consider on the graph, on the page you linked (for which I havenât done a research on accuracy yet, but letâs assume it is correct). If you expand the graph you will see shaded areas on it, that denote US recessions. Also read the notes, specifically âBeginning May 2020â, to see whatâs included on that graph, and the reason for the peak.
I am not understanding one thing, though. We do you see on that graph? What do you think it represents?
@tamer@twtxt.net I am not going back and forth. I am waiting for the engaging discourse promised. Bitcoin is a Ponzi scheme, thatâs what I think. Convince me otherwise!
@tamer@twtxt.net please point me to where I said to you to âshut upâ, would you? I say, if the idea is so complex that it canât be explained in a twt (or a short series), then it needs revision. Wonât you agree?
I could not find anywhere in here a twt from someone accusing you of being a Trumpster. Could you link that one as well? As I said, I am merely engaging and voicing my opinions, just as you can voice yours. If you see thatâs not a viable path for discourse amongst us, I will move on.
@tamer@twtxt.net I am not trying to be hurtful, I just donât see things the way you see it, nor have interest on the sites you visit. We donât share the same perspective with almost anything, for what I have read in your past twts. I can converseâwe are, somehow, no?âbut I am quick at noticing what I donât want to get involved with, and chose to simply move on.
Want to converse? Do it in here. Use short twts with cohesive, concise, and clear information. If you claim something, back it with good, reliable sources. Just donât send me to blog posts, or rather obscure websites.
@tamer@twtxt.net about the Activist Post, I donât subscribe to extremism, and that site is borderline to it. At the very least it leans to far right, and I truly donât want to have anything to do with that. About your blog post, I have no comments. You know the saying, âif you have nothing good to say, better say nothing at all.â đ
@tamer@twtxt.net for those (I call them fools, but that doesnât sound nice, doesnât it?) who will want it, regardless of their price, having a limited cap would increase the value of the currency. That is a problem, because its intrinsic value is nothing, it always refers to a hard currency.
I agree only with one thing he says, and that is that he doesn't understand the mechanics. I am not a fan of tether, since it is provided by a company I don't trust. But basically it is USD digitized/backed. People convert USD to tether to by Bitcoin. Inflation happens when you print money. Bitcoin has a cap of max 21 million coins. Fiat money has no cap.
@tamer@twtxt.net, I just wanted to add that paper money has cap, of course. It is a regulated one. Money also ages, and gets disposed.
@tamer@twtxt.net, and you donât see a problem with a cap limit of 21 million coins? Equate that to limited editions, what is their inherent problem? What happens when that cap has been reached?
@tamer@twtxt.net it is composed by a cult likeânot cultâmob. I will just leave this here: âCrypto is essentially an economic cult that taps into very base human instincts of fear, greed and tribalism, combined with economic illiteracy as a means to recruit more greater fools to pile money into what looks like a weird, novel digital variant of a pyramid scheme.â
@tamer@twtxt.net that is a rather cynic approach. Antagonistic parties, under such premise, would never be able to work together for the greater good of the people they were elected to serve, donât you think?