Post ATc5JPzDXBsGcvpySG by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
(DIR) More posts by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
(DIR) Post #ATc2onOwEF1MMT8e2K by e66a23b4a2f373a0b3e652a4816f15bf773ac4682d1106ded99b33366dfbee94@mostr.pub
2023-03-14T16:49:04.000Z
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That’s what I thought too. It’s so volatile though that I don’t understand how that would actually work. You’d have to make sure that when you pay someone in bitcoin, it’s worth the same or less than when you bought it. With the understanding that whatever bitcoin you gave to someone else as payment could significantly increase in value after you spent it.
(DIR) Post #ATc4LfQ31itF7EtaOO by a3c1a5ceda8b86b7cb64d5d6af58fc787ba400f2912b907969d27547f96545d0@mostr.pub
2023-03-14T17:16:47.000Z
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Dollars trend toward zero long termBitcoin trends toward infinity long termChoose wisely
(DIR) Post #ATc4Lg5AYpmdAm8QUK by ee6ea13ab9fe5c4a68eaf9b1a34fe014a66b40117c50ee2a614f4cda959b6e74@mostr.pub
2023-03-14T17:18:35.000Z
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High vs. low time preference. Listen to @51375471 talk about how they use bitcoin in their business.
(DIR) Post #ATc4Lgb4eDIulj3uDY by a3c1a5ceda8b86b7cb64d5d6af58fc787ba400f2912b907969d27547f96545d0@mostr.pub
2023-03-14T17:20:52.000Z
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Dollars you are incentivized to spend because they decrease in value year over year.Bitcoin you are incentivized to save because they increase in value year over year. This is not linear but on an average 200WMA it only goes up. Ie 4yr cycle
(DIR) Post #ATc4Lh4Usoq8EypP4y by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T17:21:27.000Z
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You’re more incentivized to keep them because no onr accepts it as currency (it’s fake money.)
(DIR) Post #ATc4QRExAftSaXyuC8 by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T17:22:19.000Z
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If by trending toward infinity, you mean it’s radically deflationary, then sure lmao
(DIR) Post #ATc5JPXDDJTNE4jbns by 16e0365db0cbd376cc405d6a85bd860a57aa572f0957cec1faad54a28e521573@mostr.pub
2023-03-14T17:27:58.000Z
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Bitcoin isn’t volatile, fiat is volatile which is why the fiat price of bitcoin looks volatile. As money shifts from fiat to bitcoin, the fiat denominated volatility will decrease. And yes, you have to understand that it will be worth more, which forces you to spend wisely instead of being gluttonous.
(DIR) Post #ATc5JPzDXBsGcvpySG by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T17:32:14.000Z
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>Bitcoin isn’t volatile.This is what cryptards actually believe.
(DIR) Post #ATc5YGyhJFhV21g40m by a3c1a5ceda8b86b7cb64d5d6af58fc787ba400f2912b907969d27547f96545d0@mostr.pub
2023-03-14T17:33:55.000Z
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Technology is deflationary but is fighting the tide of monetary expansion. Read ‘Price of Tomorrow’
(DIR) Post #ATc5YJ7zJgJvhQ2Vlo by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T17:34:56.000Z
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It’s always some esoteric book with you people. You should be able to make a case in your own words.
(DIR) Post #ATc5ntBxVtTdtTKK4e by 16e0365db0cbd376cc405d6a85bd860a57aa572f0957cec1faad54a28e521573@mostr.pub
2023-03-14T17:36:24.000Z
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If you think in fiat terms it’s volatile. I know it’s hard to understand when you’re still stuck in that mindset. Also, bitcoiners aren’t “cryptards” we don’t believe in crypto. If you wanna call bitcoiners some derivative of the word “tard” we’d prefer “bittards”, thanks.
(DIR) Post #ATc5ntivXJqfXikeSe by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T17:37:45.000Z
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“If you use real money in the real world to pay real bills then sure it seems volatile.”Yes, it sure does champ.
(DIR) Post #ATc5tSPhzGT6a1Pfu4 by e66a23b4a2f373a0b3e652a4816f15bf773ac4682d1106ded99b33366dfbee94@mostr.pub
2023-03-14T17:33:11.000Z
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Bitcoin’s price fluctuates a lot. It’s volatile.
(DIR) Post #ATc5tSuY8b8e7fqIyW by 16e0365db0cbd376cc405d6a85bd860a57aa572f0957cec1faad54a28e521573@mostr.pub
2023-03-14T17:37:06.000Z
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You missed the entire point of what I said.
(DIR) Post #ATc5tTQoCewVjiw4G0 by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T17:38:46.000Z
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She didn’t miss the point, one of your starting premises was blatantly wrong. Like, so wrong it’s amazing you tried to get away with such an obvious lie.
(DIR) Post #ATc6Unb6Bo70zjXxYm by a3c1a5ceda8b86b7cb64d5d6af58fc787ba400f2912b907969d27547f96545d0@mostr.pub
2023-03-14T17:37:41.000Z
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I did in my statement prior
(DIR) Post #ATc6Uo6IJp48YU8sBU by a3c1a5ceda8b86b7cb64d5d6af58fc787ba400f2912b907969d27547f96545d0@mostr.pub
2023-03-14T17:43:56.000Z
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Technology gets cheaper over time while also getting better(faster,smaller), for example computer chips and computers in general. Technology also make information cheaper, like what Napster and now Spotify did to music. This is what I mean by technology is deflationary. But at the same time you have monetary expansion which causes inflation, prices go up. So you have two opposing forces. Now bitcoin is technology of money it is also deflationary because it is scarce. Scarcity in money creates abundance everywhere else. Abundance in money creates scarcity everywhere else. That’s why ppl use a house as a savings or investment because the money is abundant and depreciates in value over time so you can save in dollars.
(DIR) Post #ATc6UoWsiyKhswa6cq by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T17:45:30.000Z
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Do you know why technology gets cheaper over time?
(DIR) Post #ATc6yjKyao1CTCHI6i by e66a23b4a2f373a0b3e652a4816f15bf773ac4682d1106ded99b33366dfbee94@mostr.pub
2023-03-14T17:42:03.000Z
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Yeah. Our mindset is the real world.
(DIR) Post #ATc6yjrwcEOE7RhcUi by 16e0365db0cbd376cc405d6a85bd860a57aa572f0957cec1faad54a28e521573@mostr.pub
2023-03-14T17:49:50.000Z
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It’s all a matter of perspective. You only think bitcoin is volatile because you’ve only measured it’s value in fiat terms. What if I measured the value of fiat in bitcoin terms, then would you agree fiat is volatile? See the chart below, the value of $1 priced in bitcoin terms. Now what’s volatile?https://nostr.build/i/nostr.build_8ca725248cf75cd704f8f2dc0dfbbcc39972551541dbfffb56a54a567088b124.jpeg
(DIR) Post #ATc6ykQgX4B9rBxMe0 by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T17:50:55.000Z
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If you only measure a standard by itself then it will never look volatile, you black gorilla nigger.
(DIR) Post #ATc7P2Ct3hewWQ2MRE by 16e0365db0cbd376cc405d6a85bd860a57aa572f0957cec1faad54a28e521573@mostr.pub
2023-03-14T17:54:36.000Z
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Well I’m gonna block you after i get this last note out cause that last part was uncalled for. You believe $1 = $1, I believe 1 btc = 1 btc. Therefore you think bitcoin is volatile, and I think fiat is volatile. That’s the only difference here.
(DIR) Post #ATc7P2mKvu12IMcfh2 by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T17:55:39.000Z
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You are a person who has read everything about Bitcoin (fake Internet money) and nothing about actual economic theories.
(DIR) Post #ATc7PUB540qrGvPJVg by 46da9d8ac399a2ec9b2fbbf8bfb51544f2d8cee9052b735dde66c91d3f56ab9f@mostr.pub
2023-03-14T17:55:59.000Z
1 likes, 0 repeats
"And yes, you have to understand that it will be worth more, which forces you to spend wisely instead of being gluttonous."Ah yes I love an economy imploding due to runaway deflation.
(DIR) Post #ATc7tkgUG0ez9aWsuu by 16e0365db0cbd376cc405d6a85bd860a57aa572f0957cec1faad54a28e521573@mostr.pub
2023-03-14T17:58:59.000Z
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Here, read a book 🤙 https://www.amazon.com/Price-Tomorrow-Deflation-Abundant-Future/dp/1999257405
(DIR) Post #ATc7tlFa9WjUuQwucS by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T18:01:13.000Z
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Next time one of you suggests a scam book instead of giving your own argument I am going to rape a random woman and it will be your fault, gorilla nigger.
(DIR) Post #ATc9yHZy63UCF3lhdA by 46da9d8ac399a2ec9b2fbbf8bfb51544f2d8cee9052b735dde66c91d3f56ab9f@mostr.pub
2023-03-14T18:00:20.000Z
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I have a million better things to do with my time.
(DIR) Post #ATc9yIHvSceEROKo9A by 16e0365db0cbd376cc405d6a85bd860a57aa572f0957cec1faad54a28e521573@mostr.pub
2023-03-14T18:05:01.000Z
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Your arguments are worth nothing if you aren’t able to even consider the other sides’ arguments.“If you don’t believe me or don’t get it, I don’t have time to try to convince you, sorry.”
(DIR) Post #ATc9yIkHlBKhrLbSLo by 46da9d8ac399a2ec9b2fbbf8bfb51544f2d8cee9052b735dde66c91d3f56ab9f@mostr.pub
2023-03-14T18:08:52.000Z
1 likes, 0 repeats
You literally cannot present an argument whatsoever. You can't even give a single response without citing someone else's work. Not even citing it, just mentioning it's mere existence.Your inability to articulate anything in that book on your own demonstrates either your total failure to grasp the reasoning in that book, or that books total failure to present any argument more intellectual than beating you over the head with an idea for hundreds of pages until you accepted it out of attrition.
(DIR) Post #ATcAc4H8yjHCZ4w0IK by 16e0365db0cbd376cc405d6a85bd860a57aa572f0957cec1faad54a28e521573@mostr.pub
2023-03-14T18:29:03.000Z
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Damn, I must’ve hit a sensitive cord or something.Basic premise:Technology is deflationary and advancing at the most rapid pace ever which means we’re on the precipice of many people losing their jobs because of technological advancements. Instead of fighting that trend with artificial monetary policies propping up employment rates, furthering our indebtedness and widening wealth gaps, we can instead adapt to it and embrace it by getting rid of the current monetary system and using one that works hand in hand with the deflationary trend of technology. Will we all have jobs as we know them today? Nope, but we don’t need them if we have a money that isn’t constantly losing value. Instead, this opens the door to more specialization and “jobs” that we actually want to do, because we don’t need to be grinding at a shitty 9-5 working for every last penny just to keep a roof over our heads.
(DIR) Post #ATcAc4tQgNtwToqZyC by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T18:31:38.000Z
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I don’t believe for a moment you have a realistic grasp of what technology can and cannot replace. You certainly don’t have a good concept of money.
(DIR) Post #ATcBbzbmQlqm2n7Bwm by 46da9d8ac399a2ec9b2fbbf8bfb51544f2d8cee9052b735dde66c91d3f56ab9f@mostr.pub
2023-03-14T18:39:35.000Z
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You said something retarded and I explained why you are retarded lmao. As for a deflationary currency being the solution to technology replacing jobs, that sounds extremely idealistic and unrealistic. Deflationary currencies concentrate wealth at the top even more than inflationary ones do, it's simple reasoning. If sitting wealth increases in size exponentially, the people with the highest savings to income ratio (aka the people with the greatest income) will end up in possession of the vast majority of the currency in existence. Generational wealth will grow exponentially for those at the very top, while the elimination of most jobs will mean that it will be harder for those at the bottom to work their way up. The only way I can see such a system working is if everyone with wealth was willing to give charity and patronage to the masses in exchange for little to nothing of material value. Such a system is completely contrary to everything we can observe about human behavior.
(DIR) Post #ATcBc0CIF13bs2CLrM by 0a970d6ce29aabbdfda6aec40e53ea034324caf7d5775f7dc1b9983fc4ec5b1b@mostr.pub
2023-03-14T18:42:49.000Z
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That’s not necessarily true. The super rich do give a lot, sometimes the majority, of their money to charities. Even if they’re Jewish interest charities.
(DIR) Post #ATeCgpF3n81HjMJfA8 by efc718fce05e97e71d0f146f325914eb08cde6f05232391ec15992bdfd677304@mostr.pub
2023-03-14T19:14:25.000Z
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Lolwut
(DIR) Post #ATeCgpvbEy2zrIDdT6 by a3c1a5ceda8b86b7cb64d5d6af58fc787ba400f2912b907969d27547f96545d0@mostr.pub
2023-03-14T19:17:22.000Z
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Look at a long term chart of the purchasing power of USD the trend is down forever.
(DIR) Post #ATeCgqWp0ZozijdMUC by efc718fce05e97e71d0f146f325914eb08cde6f05232391ec15992bdfd677304@mostr.pub
2023-03-14T22:09:02.000Z
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Now you’re talking inflation. Which is what I was told Bitcoin was a hedge against a couple years ago. That hasn’t worked out so well
(DIR) Post #ATeCgr4qy32lQHYXWy by a3c1a5ceda8b86b7cb64d5d6af58fc787ba400f2912b907969d27547f96545d0@mostr.pub
2023-03-15T17:55:23.000Z
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There is an infinite amount (supply) of cash in the Fed which means that the monetary inflation is infinite which means the value will trend toward zero. Bitcoin work the opposite the supply is fixed therefore your savings cannot be inflated away.