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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.
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Not really a meme meme, but i felt like i had to :s
I'm curious what the banned users commented
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Not really a meme meme, but i felt like i had to :s
I'm not a cryptobro but these things make me want to hodl on some
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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.
wrote last edited by [email protected]That's not an economy.
Also LOL at the change in value being $1. Bitcoin is finite, permanently, forever. 100 years from now, 1000 years from now, bitcoin will continue to deflate year after year. At least gold can be mined, although at some point we will have extracted it all. The 2% deflation in your example is an absurd underestimation. Percentages in the hundreds to thousands is more realistic.
Deflationary currency is a great way to kill an economy, there's no motivation to invest and accept any risk when all you have to do to increase your wealth dramatically is wait, risk free. Economic activity comes to a grinding halt.
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I'm not a cryptobro but these things make me want to hodl on some
cryptocurrency is absolutely not going to be a substitute. what happens when your client's money drops in value halfway through working on their commission?
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Not really a meme meme, but i felt like i had to :s
Sex art is art
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Not really a meme meme, but i felt like i had to :s
Is this OC?
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Speed running the porn companies making their own payment processor
I'd open a KinkPay account, when offered.
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Wait what? OF banning porn? Is it 2021 again?
This isn't new. It's been happening for a while now.
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cryptocurrency is absolutely not going to be a substitute. what happens when your client's money drops in value halfway through working on their commission?
Easy. Agree on the price in a more stable currency, and pay the equivalent in crypto when the work is done.
