Creative Title
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The cause here is WWI, not the great depression.
Huh? Your reading comprehension needs some work. This is a list of causes of the Great Depression. Of course the Great Depression is not a cause of the Great Depression. The first cause of the Great Depression in the list is... (drum roll, please): the effects of the gold standard!!!
abandoning the gold standard because of war
Hmmmmmmmmmmmmmmmmmmmmmm what about war causes deflationary currency to be unsuitable?
And are those conditions exclusive to war? Checkmate. That was easy!The conditions mean that debts cannot be repaid. Thats the fear. Not because the gradual increasing purchasing power of the underlying currency that actually benefits the bondholders.
Take a walk. Have a think.
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The conditions mean that debts cannot be repaid. Thats the fear. Not because the gradual increasing purchasing power of the underlying currency that actually benefits the bondholders.
Take a walk. Have a think.
wrote last edited by [email protected]The conditions mean that debts cannot be repaid
Does deflation make debt easier or harder to repay?
Again, an econ 101 class would really help you
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Crypto is not a currency
Is an environmental disaster
Has massive deflationMy first response delt with this. Only bitcoin is an environmental disaster. Deflation is only relevant if you hold a currency long term. Irrelevant for payment processing.
Seriously, the fuck are we doing here?
We are discussing how to counter the monopoly stranglehold of payment processors. Crypto is a possible solution that is viable today.
Alright. Here's an argument why crypto doesn't do that.
Today:
Me
Payment processor
VendorCrypto tomorrow:
Me
Payment processor
Crypto
Crypto fees
Payment processor
VendorSo not only am I paying the payment processor twice as much for the interaction (it doesn't matter which processor, since the issue at hand is their monopoly) thus rewarding their censorship, I also wasted a whole bunch more money for the privilege.
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Not really a meme meme, but i felt like i had to :s
I don't get it. Will they also ban sex shops, adult cinemas and every other offline adult entertainment thing that exist?
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Alright. Here's an argument why crypto doesn't do that.
Today:
Me
Payment processor
VendorCrypto tomorrow:
Me
Payment processor
Crypto
Crypto fees
Payment processor
VendorSo not only am I paying the payment processor twice as much for the interaction (it doesn't matter which processor, since the issue at hand is their monopoly) thus rewarding their censorship, I also wasted a whole bunch more money for the privilege.
wrote last edited by [email protected]Yes, the round trip is more expensive.
But if you receive some income in crypto and park it in a stablecoin (like USDC) then you can avoid the price volatility risks and round trip fees. The crypto fees are much less than 2% and this also avoids rewarding censorship.
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The conditions mean that debts cannot be repaid
Does deflation make debt easier or harder to repay?
Again, an econ 101 class would really help you
wrote last edited by [email protected]Deflation makes debt harder to repay and it rewards the debt owners with greater purchasing power.
This means deflation is actually a good thing for half of the economy (the bond holders). Not the monster it is always made out as being.
Again. The amount of debt is the worry, not the gradual change in value of the denomination.
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How are those related? It is possible for some conservatives to want to purge LGBT voices from the internet at the same time other conservatives want to advance crypto. These are not mutually exclusive goals.
It does however look really bad that such a massive criminal organization (trump and co) are pushing for it so hard.
All of this before getting into just how insanely wasteful and terrible for the world that crypto is.
Sorry that it helps a few artists, but the cost for everyone else is significantly higher to embrace what crypto is.
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Deflation makes debt harder to repay and it rewards the debt owners with greater purchasing power.
This means deflation is actually a good thing for half of the economy (the bond holders). Not the monster it is always made out as being.
Again. The amount of debt is the worry, not the gradual change in value of the denomination.
Again. The amount of debt is the worry
Does deflation increase or decrease the amount of debt?
I could literally do this all day lol its effortless to just be correct. It must be exhausting to need to constantly spin the argument and futily reconcile the inconsistencies and mental gymnastics of your position.
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Again. The amount of debt is the worry
Does deflation increase or decrease the amount of debt?
I could literally do this all day lol its effortless to just be correct. It must be exhausting to need to constantly spin the argument and futily reconcile the inconsistencies and mental gymnastics of your position.
Does deflation increase or decrease the amount of debt?
Neither. If you currently owe $100 (interest free) then next year you still owe $100.
I could literally do this all day lol its effortless to just be correct.
Of course it's effortless. You are asking questions and not thinking for yourself. I'm the only one giving explanations and providing the correct responses.
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Does deflation increase or decrease the amount of debt?
Neither. If you currently owe $100 (interest free) then next year you still owe $100.
I could literally do this all day lol its effortless to just be correct.
Of course it's effortless. You are asking questions and not thinking for yourself. I'm the only one giving explanations and providing the correct responses.
Wrong, good try though. Yes, you owe $100, but each dollar is worth more, meaning you owe a greater "real value" (that's an econ 101 term you should look up), or in otherwords, the debt increased.
and providing the correct responses
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I don't get it. Will they also ban sex shops, adult cinemas and every other offline adult entertainment thing that exist?
Now that weed is being widely accepted legally, porn is the new prohibition.
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Wrong, good try though. Yes, you owe $100, but each dollar is worth more, meaning you owe a greater "real value" (that's an econ 101 term you should look up), or in otherwords, the debt increased.
and providing the correct responses
Nope. The debt is still $100. There is no increase.
Being slightly harder to pay back is irrelevant if there are now only $50 of assets in the economy.
The inability to repay debt caused the great depression, not deflation.
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Nope. The debt is still $100. There is no increase.
Being slightly harder to pay back is irrelevant if there are now only $50 of assets in the economy.
The inability to repay debt caused the great depression, not deflation.
wrote last edited by [email protected]Nope nope! You're just denying deflation exists, now??
That'll work. This is where mental gymnastics gets you. Sad!Well, looks like I've won.
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Nope nope! You're just denying deflation exists, now??
That'll work. This is where mental gymnastics gets you. Sad!Well, looks like I've won.
Why is deflation bad?
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Why is deflation bad?
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OnlyFans felt the pressure not too long ago. It's just when they announced they were banning porn, they realized they didn't have anything else. So they reversed course and somehow can still take payments.
wrote last edited by [email protected]Wait what? OF banning porn? Is it 2021 again?
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I wonder how long this will last. The NSFW industry is insanely huge. If the current payment processors cut it off, that leaves a giant gap in the market just waiting to get filled (
).If they hold firm on this, it might just be a rare opportunity for a new (and hopefully better) payment processor to enter the market.
Or maybe just wider crypto adoption, idk.
wrote last edited by [email protected]I have no idea why all of a sudden payment processors care bout anything but money. What happened ?
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Dude. Read what you post.
A little bit of deflation is a product of, and good for, economic growth. But, in the case of an economy-wide, central bank-fueled debt bubble followed by debt deflation when the bubble bursts, rapidly falling prices can go hand-in-hand with a financial crisis and recession.
Deflation isn't bad. It is a symptom that occurs after an economy-wide, central bank-fueled debt bubble. That's the bad part. The debt that's not being repaid.
This takes us right back to the start of the discussion. In a crypto economy a central bank doesn't even exist, so crypto deflation is never bad.
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Dude. Read what you post.
A little bit of deflation is a product of, and good for, economic growth. But, in the case of an economy-wide, central bank-fueled debt bubble followed by debt deflation when the bubble bursts, rapidly falling prices can go hand-in-hand with a financial crisis and recession.
Deflation isn't bad. It is a symptom that occurs after an economy-wide, central bank-fueled debt bubble. That's the bad part. The debt that's not being repaid.
This takes us right back to the start of the discussion. In a crypto economy a central bank doesn't even exist, so crypto deflation is never bad.
The debt that's not being repaid.
Does deflation make debt easier or harder to repay?
In a crypto economy a central bank doesn't even exist, so crypto deflation is never bad.
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The debt that's not being repaid.
Does deflation make debt easier or harder to repay?
In a crypto economy a central bank doesn't even exist, so crypto deflation is never bad.
If you are expecting $100 and are only going to get back $50, are you happy that your purchasing power has increased and you are really getting $51 back, or are you angry that you've actually lost $49.
The crisis is the default, not the deflation.
