You are partially correct. The bulk of OPEC and the Saudi regime prices in oil, because we protect them and sell them arms.
The Petro dollar cannot exist without the US military backing.
But it goes much deeper than the Petro dollar. The World Bank and IMF prop up developing countries, and have similar backing. It is all part of the backing of the dollar. Since virtually all commodities and service are priced in dollars, they need dollar loans to put in ports, power plants, railways, etc ... and they have the full backing of the loan from member countries and the defense of the US that nobody will fuck with their new port.
So yes, you are right, but it is also much deeper.
I didn't hate on it. I explained that you are trading your wealth over tine for privacy. Your choice.
Heated? lol. not even close.
the average private business has 23 employees I currently have more than double that. So yes
How are you not getting it?
it's not hard. frankly, it doesn't matter. I've got family and a large company to tend thabe a great day.
Yes, I promise to use monero if I buy kiddie porn like you. creep...
done here
ooof. sorry to tell you I have mined and purchased a lot of monero over the past 5-6 years. I'd actually be willing to be I have more Monero than you will ever dream of.
no, if you disagree you are a fool, not a heretic. we have thousands of years of history that prove you wrong.
there is no such thing as market manipulation long term. there are just markets.
I realize that my macro econ degree is probably a bit more advanced than yours, especially on NOSTR, but you'll get it eventually.
it isn't about diet value. it is about the value against Bitcoin, fiat, housing, gold, stocks, silver, land, emoyer wages, insurance, literally everything in life.
I do not accept that fiat is a broken yardstick to measure. It is literally the measuring stick. The number could be $10, or 10gazillion dollars. Unless you are dealing in a true hyperinflation situation that outpaces the markets, the markets will always adapt and adjust across assets, producers, wholesalers, retailers, and so on.
You clearly have no idea what markets are. The value, aka price of something is set by markets. The number doesn't matter, because over time, all other numbers come into alignment via arbitrage of all currencies and assets
Utility means little. It is only what people are willing to take/pay/exchange for a good. That amount may change due to more or less utility however over time. Currently, that people are willing to trade $200 (ish) of a good or service for 1 Monero.
Same for Bitcoin, only $100,000.
You keep getting hung up on the fact that first is fake and bullshit. That isn't accurate however, as fiat dollars absolutely have value. They have value because people around the world trade in it, pay fmduties and levies, taxes, buy homes, et al.
The fact it loses this value over time against assets is the problem. A home costing 3x income is now 10x, etc ...
Free markets are always perfect. buyers and sellers. Somewhat free markets are mostly accurate in the short term, and adjust over the long term to the new market forces and correct.
Currently Bitcoin has a market value of over 500x that of monero. The markets have spoken so far.
This will only get larger over time however as has been the trend since 2018 when it peaked against Bitcoin.
You may value private transaction, as do I, however it is clear that the markets, AKA people, do not in any real way.
I didn't say anything like what you wrote. you flat out lied.
It's a brutal industry. fight to the bottom.
Me either. Amethyst nor primal.
"I think low regulation, low tax"
nah, how about no regulation and no tax on Bitcoin?
I would start with a main function.
yes, I am not 15, I value my wealth in the purchasing power it has. Currently, and for roughly 80 years, that is in dollars.
Do you have some kind of magic power that your wealth is measured in something different in 2024?