Post AO63TcJ5R2WihrCWSe by csddumi@norden.social
(DIR) More posts by csddumi@norden.social
(DIR) Post #AO1gmgSLSFLDg1FqXQ by georgevaccaro@bitcoinhackers.org
2022-09-28T14:47:17Z
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This is the way.RT @BitcoinMagEDU#Bitcoin has perfect forward guidance✨As central banks stumble over themselves trying intervene in markets, bitcoin offers CERTAINTY.Monetary policy is set in stone since bitcoin’s inception, and is carried out consistently/predictably.https://twitter.com/BitcoinMagEDU/status/1575119918667894786
(DIR) Post #AO1hCWpnqlzBMgYCW0 by csddumi@norden.social
2022-09-28T14:51:55Z
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@georgevaccaro yeah sure.If you think it soley supply that detrmines inflation. Actually, anytime BTC falls against (e.g.) the dollar, it is either because the value of the dollar increased (which would mean deflation on the part of the USD) or the value of BTC fell (which would mean inflation on the part of BTC).Since we know that USD is not deflating, the consequence is that any fall in price by BTC to USD is a result of inflation.
(DIR) Post #AO1vObfYnl6X11yOUC by georgevaccaro@bitcoinhackers.org
2022-09-28T17:31:02Z
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@csddumi Is this satire? Bitcoin's inflation is fixed and the fed is currently playing games with interest rates to contract the money supply.
(DIR) Post #AO1wN1BH4ygbVsc6M4 by csddumi@norden.social
2022-09-28T17:41:55Z
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@georgevaccaro Inflation is defined as the increase in the CPI. There is no CPI for Bitcoin, which means we cannot accurately estimate "Bitcoin inflation". You could try to use the exchange rates of BTC into a specific currency to translate the CPI for that currency/region onto Bitcoin.But this is not Bitcoin inflation nor certain.What you and others call "inflation" with regards to these investments is the increase in supply.
(DIR) Post #AO22SoskJnzopc63Xc by georgevaccaro@bitcoinhackers.org
2022-09-28T18:50:08Z
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@csddumi You sound like a Keynesian. I don't expect you to understand because you've apparently been indoctrinated by statist/globalist academia.CPI is badly flawed. You can find a wealth of information as to how on the net. Have at it or understand the original tweet was not meant for you.
(DIR) Post #AO23yjOcLmox2PmiW0 by csddumi@norden.social
2022-09-28T19:07:10Z
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@georgevaccaro The tweet was a misleading use of well defined terminology and advertising Bitcoin as the solution to the cost of living crisis - which it is not, because Bitcoin is not resistent to inflation, because inflation is not caused soley by the decreasing or increasing of the supply of currency.Inflation /= Currency Supply Increase
(DIR) Post #AO26nfzUyCpF9cSJns by georgevaccaro@bitcoinhackers.org
2022-09-28T19:38:48Z
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@csddumi You don't get to define what inflation is. "CPI" is a term separate from "inflation" for a reason.
(DIR) Post #AO28Q2swOkB57MFS3E by csddumi@norden.social
2022-09-28T19:56:55Z
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@georgevaccaro I'm not. It's just that for the definition of Inflation, money supply is irrelevant and affected by economic factors, such as war, pandemic or climate change. And to advertise Bitcoin as the solution to these crises is misleading and in it's organized form even propagandistic.> In economics, inflation is a general increase in the prices of goods and services in an economyhttps://en.m.wikipedia.org/wiki/Inflation
(DIR) Post #AO3ydXDuInxpkUlhQW by csddumi@norden.social
2022-09-29T10:09:36Z
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@georgevaccaro And lest we forget the troubling tendency in this tweet to attribute all or most of society's woes to a single group of people - in this case federal reserve bankers. While there are powerful people influencing the economy and society, none of them are omnipotent and if you blame one of them for everything, it might have more to do with your - let's call it that - bias than with that group of people.
(DIR) Post #AO3ydXdQluNf1ei5D6 by georgevaccaro@bitcoinhackers.org
2022-09-29T17:16:44Z
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@csddumi If you don't see the problem with a small group of people being able to manipulate the wealth and actions of billions of people, I don't have time to convince you.
(DIR) Post #AO4AigSOb8Y3HhlbyC by csddumi@norden.social
2022-09-29T19:32:07Z
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@georgevaccaroWhy is your problem specifically with powerful bankers? So much so that you support their total abolition.
(DIR) Post #AO4Pobqs8Dks3GV0mu by georgevaccaro@bitcoinhackers.org
2022-09-29T22:21:18Z
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@csddumi Why are you putting words in my mouth? Like I said, if you don't understand the problem with a small group of people being able to manipulate the wealth and actions of billions of people, I don't have time to convince you.
(DIR) Post #AO5NLoXzqTICHIluu8 by csddumi@norden.social
2022-09-30T09:28:22Z
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@georgevaccaro I'm not putting words in your mouth. I'm asking to understand, why you are more worried about the power of the fed than (for example) the power of the supreme court.Both are small powerful groups, appointed and not elected. And the later is even less accountable than the first.
(DIR) Post #AO60De5Il599iwRhU8 by georgevaccaro@bitcoinhackers.org
2022-09-30T16:43:55Z
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@csddumi Yes, you transparently attempted to put words in my mouth. The Supreme Court's decisions are not on whim and usually only affect the citizenry of the USA.The fed's whims affect arguably everyone on Earth since the USD is dominant and movements ripple across the globe.Fiat currency is preferred by those controlling it. Free market currency is superior for the citizenry, for obvious reasons. If those reasons are not obvious to you, maybe dig deeper. Or don't. Up to you. #bitcoin
(DIR) Post #AO62trRFhMkvDAyEtM by csddumi@norden.social
2022-09-30T17:13:56Z
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@georgevaccaro #SCOTUS frequently makes decisions on a whim. And the effect of their decisions is far reaching beyond US Citizens.https://en.m.wikipedia.org/wiki/Shadow_docketAnd how do you know that the federal reserve is not considerate with their decisions? They are experts in their field. And we might argue they make mistakes, but to argue that everything they do is wrong and can be replaced by a simple mathematical function I think is simplistic.
(DIR) Post #AO633bFQkYBZtQ5KK0 by georgevaccaro@bitcoinhackers.org
2022-09-30T17:15:42Z
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@csddumi Don't be a dipshit.
(DIR) Post #AO63TcJ5R2WihrCWSe by csddumi@norden.social
2022-09-30T17:20:24Z
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@georgevaccaro well. And that's that.