The issue is that there is no such thing as 'money'. If they say gold, silver, Bitcoin, all assets, dollar bills, etc.. perhaps. But I don't see how money can have a legal definition. You have a savings account with real property in it, but money? Not sure. Will be interesting.
I wish we would’ve been exposed to Austrian economics in schools, principles of economics by nostr:npub1gdu7w6l6w65qhrdeaf6eyywepwe7v7ezqtugsrxy7hl7ypjsvxksd76nak is just top notch 👏🏼
Agreed.
I have a macro economics degree, out of all the professors I had, exactly 2 were even remotely Austrian. One was a futures and commodities professor, the other advanced game theory.
Every single other one laughed at those two
I didn't say that, now did I?
First, nobody should trust a billionaire who is close to government, and now has tunnels, roads, space, and internet. But that's a different concern.
All government spending (well, 98% roughly) is public record. Anyone is free to send a FOIAA request and fight in court if need be. The govt routinely loses these types of cases even on sensitive documents.
The Treasury website has ungodly amounts of data so does the fed.
My concern is that he should not in any way be given access to said data in a preferential way vs American citizens unless he first becomes an employee or cabinet member, requiring confirmation and scrutiny.
As of right now, DOGE has special access and is not following the law of advisory committee disclosures and transparency. They are being sued currently.
I hope the suit wins.
There is a problem.... For 137 years, we didn't have a government with 130% debt to GDP ratio, a 2 trillion deficit, not was half the country in someway being paid by the government.
It won't work today. The US imports 3.8 trillion in goods at current trade and tariff levels.
Even if magically we could tax imports at 100% and not lost any imports, the most revenue raised would be 3.8 trillion. Our current budget is 7 trillion and growing. The debt is increasing much faster than the imports.
And of course imports would slowly become exports at high tariff levels.
It is not practical without cutting the US government by at least 50% and killing Medicare, soc security, Medicaid, and all farm subsidies.
We should do all that, but there is a 0% chance they will.
Elon Musk should be nowhere near documents or the White House unless he gets confirmed by the Senate.
Congrats to anyome who joined the carnivore movement and completed the January National Carnivore Month!
Hopefully you all see the value continuing and feel better and healthier.
#carnivore
3) Skynet becomes activated and kills us all to protect us all and the network.
It doesn't matter why. He claimed they got rid of them. That's false. Every year more and more drop support.
What it comes down to is Monero boys are mostly living on fiat, saving in Bitcoin, doing swaps to xmr to spend on random ads things they want, and then acting like they are nothing but Monero.
Those that are living only on Monero have lots a shitload of purchasing power over the decade, so I feel bad for them. They honestly may be better off just using liquid or opening LN channels to transact privately. Save the headaches perhaps.
But nah, most just play pretend and larp. That's fine by me, to each their own, but let's not all pretend with the they Monero is going to be used globally in the next 5, 10, 25 years and preserve their wealth.
Most Monero boys are young, single, and want to feel special like school shooters.
To be clear, I have ZERO issues with privacy and believe it is the biggest benefit and issue on Bitcoin. Let's just not act like they are winning in life.
The mempool being dead is still pricessing 10x the amount of daily tx than monero.
Your theory doesn't hold up.
Hahaha. 1 day?????
You must be a young lad.
1 month, 3 months, 12 months, 1 year, 3 years are standard business timeframes.
Preserving purchasing power is the single most important aspect of a sound money and the only savior of global families.
Buying a VPN or web hosting privately isn't in the top 50.
And as I have shown, Monero tx, NOT including lightning network are 8% of Bitcoin tx daily.
In fact, I'd be willing to bet lightning is very close to on par with volume to Monero daily. Zaps alone are almost 10% of xmr daily volume, and I bet zaps aren't 10% of LN daily tx.
Ummm, I just gave you the averages over the 12 months. You apparently arbitrarily picked a random day? Lo
Man, you guys better hope bitcoiners and devs don't fix the current privacy issues. Y'all would be fucked.
Here they are using the same source....
You have no idea how much is being transacted. It's private. We know total number of transactions. Roughly 30k per day on a erage over the past 12 months. Representk g likely a few hundred thousand in USD daily.
Bitcoin on the other hand transacted around 400k per day on avg over 12 months. Representing billions in USD.
Transacted
That's less than 8% not 20%.
It's like you guys just make shit up to feel good about your poor life choices
Wild
You didn't kick out regulators and custodians, they dropped you. Good lord Monero boys are a dense group.
Monero will never be money used globally. Never.
Real people, companies, and corporations will not take it for manufacturing, oil, minerals, space flights, wholesale wood, pork bellied, etc...
Banks will not create financial products, loans, insurance using Monero. There will be no local banks enough masse that will create savings accounts for Monero, there will be no major inheritance products designed to distrobute to kin, and on.
There will be nonproperty tax paid in Monero.
There will be no bonds issues in Monero at city, county, or federal levels.
Economic zones and countries in their global trade will not be done in xmr, ever.
I could give 2 shits some darkweb and random places accept it. I am talking about the real world. I am talking about paying the power company, you muniple trash bill, taxes, everything that actually gets transacted daily.
If your thesis is that governments will cease to collect taxes or that they will allow you to pay in a currency that has no auditable and provable ledger to make sure the money didn't come from drugs, China, whatever, you are out of your fucking mind.
Bitcoin has the best chance, but I am not sold it can do it either. But there is a 100% chance Monero does not become a globally accepted currency
I am sorry you invested in a cryptocurrency that didn't and won't get adopted, that sucks. But let's not play childish pretend games.