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I tend to make weird noises when I see dogs. Always making jokes. XMR: 88wzRKPrXho9Z3LKbbhDskaBnmo8rYdweSj6uMgenFEvEsFpkThU2wZL87R4GxkghJ5qmCrMGZNX4T2JpPpVCGCs94RoVYN

I do like a good FMCG

any way, let's not get side tracked with economics,

Bitcoin, in order to function and any viable transactional monetary level on par with competitors, needs to use lighting network, a third party chain.

apart from it's fixed supply, Bitcoin is slow to process and finalise transactions, requiring a third party solution.

So it's an underlying asset, not a 'sound money system'.

If you want that, use Monero - and guess what, it has an inflationary tail emission, allowing for new market entrants, even when coins are lost. The economics of that lean towards "sound money" more than BTC does in it's current knots/core whatever state

yes, we call that inflation.

Purchasing power fluctuates based on "productivity gains, better coordination of capital, labour, and technology. " - China for one artificially keeps the RMB low in order to oversupply, yet they could and can tenfold their purchasing power. These are all systems.

Debt issuance does and has created growth, please stop being retarded. Maybe you don't understand what I am saying, or what a debt issuance (bond usually, but maybe a reserve asset, placement or other type) that earns a YIELD based of the "productivity gains, better coordination of capital, labour, and technology." of the locale.

What you have stated is factual to some degree, but fixed supply economics has always failed, historically since Babylon.

I have no need to. It does not serve me whatsoever.

It remains theory with no practical use in the world given that we have governments and not kings or empires.

I don't plan on using classical or Austrian economics because they are archaic models that lack real world use in modern society.

It's like communism, great on paper, fails in reality.

See Argentina if you want a real-time analysis of Austrian economic modelling.

What

Growth comes from debt issuance. Good luck moving the same money around trying to balance the state.

And yes, it doesn't prevent growth but it severely hampers it causing the empire to collapse under it's own growth. Chokehold and bottlenecks form in cash flows.

Issuance against reserves are a real thing you know 😂 not just illusions of growth. I mean you literally see construction sites.

You wanted to used a fixed supply "commodity"

Still questioning how you get economic growth from a fixed supply of reserve without issuances.

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Replying to Avatar mar

mar is.. tintin, snowy & coffee

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