Conversation

Notices

1. Embed this notice
   Turd Flinging Monkey (tfmonkey@merovingian.club)'s status on Tuesday, 06-Feb-2024 05:26:58 JST Turd Flinging Monkey

   The solution to inflation is cutting government spending.

   When you "fight inflation" by manipulating commodities markets you get producer revolts in the form of things like farmer protests and wars in the Middle East.

   • Embed this notice
     shortstories@merovingian.club's status on Tuesday, 06-Feb-2024 05:26:56 JST shortstories

     in reply to

     • VeganMGTOW

     @VeganMGTOW @Tfmonkey

     I want so much inflation people decide to only use barter and never use money again

     If the money is worth nothing and you double the money supply you cut it's value in half but it is worth the exact same amount which is nothing

     Money always has been a Ponzi Scheme from the very beginning

     Gold does not have value as money but it has value for making tools out of gold

   • Embed this notice
     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 06-Feb-2024 05:26:56 JST BowserNoodle ☦️

     in reply to

     • shortstories
     • VeganMGTOW
     @shortstories @VeganMGTOW @Tfmonkey Gold has value because it's hard to get more gold too. Like analogue blockchain. 😏
   • Embed this notice
     veganmgtow@merovingian.club's status on Tuesday, 06-Feb-2024 05:26:58 JST VeganMGTOW

     in reply to

     @Tfmonkey Is Good to hyperinflate The cumrrency
     cause that way we create a problem AND offer a solution that Is CDC.

   • Embed this notice
     white_male (white_male@poa.st)'s status on Tuesday, 06-Feb-2024 05:29:27 JST white_male

     in reply to

     • BowserNoodle ☦️
     • shortstories
     • VeganMGTOW
     @BowsacNoodle @shortstories @VeganMGTOW @Tfmonkey Plenty of crap is hard to get and rarer, gold has many real world applications.
     BowserNoodle ☦️ likes this.
   • Embed this notice
     shortstories@merovingian.club's status on Tuesday, 06-Feb-2024 05:29:43 JST shortstories

     in reply to

     • BowserNoodle ☦️
     • VeganMGTOW

     @BowsacNoodle @Tfmonkey @VeganMGTOW

     Blockchain is a ponzi scheme for the same reason paper & electronic money & seashell or sea dollar money are ponzi schemes

     If you are stuck with it and no one will trade for it then it has no use for you

     If you are stuck with food and no one will trade for it then it has use for you because you can eat it so it is not a ponzi scheme

     BowserNoodle ☦️ likes this.
   • Embed this notice
     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 06-Feb-2024 05:31:00 JST BowserNoodle ☦️

     in reply to

     • shortstories
     • VeganMGTOW
     @shortstories @Tfmonkey @VeganMGTOW It's only a ponzi scheme until it's mass adopted. At that point it's just a currency alternative. The success of failure of blockchain tech depends on getting more users, BUT it doesn't require infinite growth in users, which makes it not a ponzi scheme.
   • Embed this notice
     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 06-Feb-2024 05:31:55 JST BowserNoodle ☦️

     in reply to

     • white_male
     • shortstories
     • VeganMGTOW
     @white_male @shortstories @VeganMGTOW @Tfmonkey I'm making a funny friend, of course. Gold doesn't oxidize, it's insanely malleable, a very good conductor, etc. The lack of oxidation is why it's used in most places.
   • Embed this notice
     white_male (white_male@poa.st)'s status on Tuesday, 06-Feb-2024 05:35:27 JST white_male

     in reply to

     • BowserNoodle ☦️
     • shortstories
     • VeganMGTOW
     @shortstories @Tfmonkey @VeganMGTOW @BowsacNoodle I'm implying rarity plus usefulness make it valuable, also it's shiny. Not any rare crap, there has to be demand.
     BowserNoodle ☦️ likes this.
   • Embed this notice
     shortstories@merovingian.club's status on Tuesday, 06-Feb-2024 05:35:28 JST shortstories

     in reply to

     • BowserNoodle ☦️
     • white_male
     • VeganMGTOW

     @white_male @Tfmonkey @VeganMGTOW @BowsacNoodle

     Dodo bird poop would be very rare but would it be more valuable than gold

   • Embed this notice
     shortstories@merovingian.club's status on Tuesday, 06-Feb-2024 05:36:00 JST shortstories

     in reply to

     • BowserNoodle ☦️
     • VeganMGTOW

     @BowsacNoodle @Tfmonkey @VeganMGTOW

     Money is like the hot potato game if you are the last person to have it when no one else wants it then it is useless to you and you lost whatever item you traded to get it

     No one wants to be the last person holding the hot potato when time runs out

     Now if it was a real hot potato instead of money you could eat it when the time runs out and no one would trade with you

     BowserNoodle ☦️ likes this.
   • Embed this notice
     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 06-Feb-2024 05:36:31 JST BowserNoodle ☦️

     in reply to

     • shortstories
     • VeganMGTOW
     @shortstories @Tfmonkey @VeganMGTOW Sure, but that same thing applies to any fiat currency which normal discourse doesn't dismiss as a ponzi scheme.
   • Embed this notice
     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 06-Feb-2024 05:47:11 JST BowserNoodle ☦️

     in reply to

     • shortstories
     • VeganMGTOW
     @shortstories @Tfmonkey @VeganMGTOW By definition, it isn't. We can argue the details of whether it's good, bad, or neutral, but it is not a ponzi scheme.
   • Embed this notice
     shortstories@merovingian.club's status on Tuesday, 06-Feb-2024 05:47:12 JST shortstories

     in reply to

     • BowserNoodle ☦️
     • VeganMGTOW

     @BowsacNoodle @Tfmonkey @VeganMGTOW

     Fiat currency is a ponzi scheme

   • Embed this notice
     BowserNoodle ☦️ (bowsacnoodle@poa.st)'s status on Tuesday, 06-Feb-2024 06:19:26 JST BowserNoodle ☦️

     in reply to

     • shortstories
     • VeganMGTOW
     @shortstories @Tfmonkey @VeganMGTOW a less dramatic but very real version of this happened with lenders and bond buyers in the 2015-2021 era.
   • Embed this notice
     shortstories@merovingian.club's status on Tuesday, 06-Feb-2024 06:19:27 JST shortstories

     in reply to

     • BowserNoodle ☦️
     • VeganMGTOW

     @BowsacNoodle @Tfmonkey @VeganMGTOW

     I propose the United States print out as much money as possible then buy lots of scarce and useful items with it

     Then when the money is worthless they will have scarce and useful items but the people who took the money from them will be stuck with useless money