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desperate name calling
I'm not calling you names. I'm saying you have demonstrated no ability to think independently. I don't think you are a LLM but likely you are copy pasting from one.
You can't even refute it
I did. You seem unable to process the responses I write or even the links you post.
When your system entirely hinges on people not considering risk.
I wrote the opposite. That under deflation people will still make risky investments because it will make them money. Yet again you demonstrate an inability to comprehend.
They want more, and they can get more... by doing absolutely nothing...
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Money under the mattress earns deflation
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Money invested earns deflation + interest.
The second is more than the first.
I think we've reached your limits in this topic.
wrote last edited by [email protected]Ah yes, accusing one of using an LLM, a sure sign of winning the argument
- Money invested earns deflation + interest.
That's incorrect, money LOANED earns deflation + interest, not money invested. Money invested loses out on the deflation.
You have 1BTC. You exchange the 1BTC for 1 unit of an investment. As BTC deflates, it's buying power increases. When you go to sell your investment, you find that 1BTC still buys 1 unit of the investment, even though your investment grew in value during the same period of time. You could have done nothing to get the same result, without risking the volatile investment losing value instead of gaining. The higher the return needed to outpace deflation, the riskier the investment needs to be. Deflation worked against the investment, not with it.
Inflationary currency motivates investment and consumption. When your money is going to lose some value anyway, you might as well take a risk and invest it for a potential reward. You might as well make that large purchase today, because your money will buy a little less tomorrow. This is healthy for the economy.
You are correct that deflation adds on top of interest, which makes loans more expensive. This stifles an economy by decreasing demand/consumption and the flow of money through the economy. When loans are more expensive to pay back, people are discouraged from taking a business loan and starting a new business or taking out a loan and investing it or using it to make a large purchase.
I think we've reached your limits in this topic.
Lol I'm literally giving you a free education. You should be paying me for this. It's something that you're still responding after your argument has been torn to shreds with my every reply, without fail. The name calling and LLM accusations creep in as you start to realize you're wrong and desperately cling to denial. The cracks are already showing lol. Getting tired of trying to spin inconsistencies? Like I said, it's effortless to just be correct.
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These conservatives are old, so they are trying to "conserve" ideals that were out of touch in their own time
No. Conservatism has always only been about conserving aristocratic/oligarchic socio-economic power structures and establishing them where absent. Those are the only ideals they've ever had. All of the test was just a facade to pretend that their ideology has any place in a free, open, and equitable society.
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the economic moat of regulations and infrastructure that has to be overcome before you even can start acquiring customers. You would need a massive capital outlay just to start in last position to compete. Then you have to pay your sydadmins and sales and help desk and administration for how long before you have enough customers to break even? all on a gamble that the government won't hamstring you on behalf of their corporate sponsors. and who is to say the rest of the financial world won't cut you off; you can't process payments if you can't access users banks, it's all cooperative between entities that benefit from it being a small club.
all of this risk to capture the relatively small nsfw market looks like a bad gamble to me, even though i strongly support the nsfw market myself! I spent decades in e-commerce and nsfw ecommerce and it's trickier than it might look.
The most likely to succeed at the moment, IMHO, would be a standardization of the various local payment systems in Europe, and there is already some movement in that direction in a growing group of countries, but it probably needs a push from the EU itself, similarly to how GSM was pushed as a standard for mobile communications by European governments as a group and ended up dominating globally (which is also why, for a period and until smartphones became a thing, European mobile telephony companies were wildly successful).
I'm sorry for Americans who aren't assholes (most here in Lemmy as far as I can tell) but the rest of the World does need to decouple from speed-running-to-Gilead America at all levels before it's too late.
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I have no idea why all of a sudden payment processors care bout anything but money. What happened ?
Collective Shout happened, an australian organisation decided to wage global war on anything NSFW in games (so far), their key talking points are allegedly being feminist and anti-exploitation of women.
i wonder if they asked the women they're saying they're protecting if they want that "protection", or if they're imagining that women just don't make NSFW art
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Now that weed is being widely accepted legally, porn is the new prohibition.
two steps forward ten steps back, eh?
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Not really a meme meme, but i felt like i had to :s
what even is the point of this cyberpunk dystopia if there won't even be good porn to wank to?
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A middle man between a vendor and your bank, essentially.
oh, actually, there is a third option - very popular and widespread in Poland - BLIK - let's hope that a) they won't bend to the same bullshit b) they take the chance to go global.
BLIK is really nifty, you go to your banking app, generate a code, give the code to the website/seller, confirm in the app, and payment made.
and all you'll have to say (obviously steortyping here) is that if BLIK does the same as Visa & Mastercard, the Witcher & Cyberpunk will have to be banned due to adult content, instant win and security of NSFW media forever
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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?
Or what happens when governments ban crypo exchanges?
I think the real answer is for us (the electorate) to start electing officials who aren't puritanical twats. Way way harder to do tough.
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Ah yes, accusing one of using an LLM, a sure sign of winning the argument
- Money invested earns deflation + interest.
That's incorrect, money LOANED earns deflation + interest, not money invested. Money invested loses out on the deflation.
You have 1BTC. You exchange the 1BTC for 1 unit of an investment. As BTC deflates, it's buying power increases. When you go to sell your investment, you find that 1BTC still buys 1 unit of the investment, even though your investment grew in value during the same period of time. You could have done nothing to get the same result, without risking the volatile investment losing value instead of gaining. The higher the return needed to outpace deflation, the riskier the investment needs to be. Deflation worked against the investment, not with it.
Inflationary currency motivates investment and consumption. When your money is going to lose some value anyway, you might as well take a risk and invest it for a potential reward. You might as well make that large purchase today, because your money will buy a little less tomorrow. This is healthy for the economy.
You are correct that deflation adds on top of interest, which makes loans more expensive. This stifles an economy by decreasing demand/consumption and the flow of money through the economy. When loans are more expensive to pay back, people are discouraged from taking a business loan and starting a new business or taking out a loan and investing it or using it to make a large purchase.
I think we've reached your limits in this topic.
Lol I'm literally giving you a free education. You should be paying me for this. It's something that you're still responding after your argument has been torn to shreds with my every reply, without fail. The name calling and LLM accusations creep in as you start to realize you're wrong and desperately cling to denial. The cracks are already showing lol. Getting tired of trying to spin inconsistencies? Like I said, it's effortless to just be correct.
In order to loan out money and charge interest, someone needs to agree to the terms on the other side of the exchange.
Agreed.
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When there is inflation a higher amount of interest is accepted by the lender to compensate this loss.
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When there is deflation a lower amount of interest is accepted by the lender.
The economy doesn't grind to a halt. People don't horde cash. Consumption still occurs. Services are still performed.
Even if deflation means the value of money increases every year, people will still lend out their money because they would like to have more than money than if they did nothing.
find that 1BTC still buys 1 unit of the investment instrument, even though your investment grew in value during the same period of time.
So you made a bad investment in something that wasn't needed. Invest more wisely. This is basic economics.
It's impressive that you're still responding after your argument has been torn to shreds
It's good practice and helps hone my ideas.
Deflation is the answer to the infinite growth required by capitalism. It should be embraced, not avoided.
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In order to loan out money and charge interest, someone needs to agree to the terms on the other side of the exchange.
Agreed.
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When there is inflation a higher amount of interest is accepted by the lender to compensate this loss.
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When there is deflation a lower amount of interest is accepted by the lender.
The economy doesn't grind to a halt. People don't horde cash. Consumption still occurs. Services are still performed.
Even if deflation means the value of money increases every year, people will still lend out their money because they would like to have more than money than if they did nothing.
find that 1BTC still buys 1 unit of the investment instrument, even though your investment grew in value during the same period of time.
So you made a bad investment in something that wasn't needed. Invest more wisely. This is basic economics.
It's impressive that you're still responding after your argument has been torn to shreds
It's good practice and helps hone my ideas.
Deflation is the answer to the infinite growth required by capitalism. It should be embraced, not avoided.
wrote last edited by [email protected]The economy doesn't grind to a halt. People don't horde cash. Consumption still occurs. Services are still performed.
Again, facts and history disagree with you. See the great depression and other economic downturns.
people will still lend out their money because they would like to have more than money than if they did nothing
Again, risk exists and is half of the risk-reward calculation. When your system entirely hinges on risk not existing... big sign that you're wrong lol.
So you made a bad investment in something that wasn't needed. Invest more wisely. This is basic economics.
It's a demonstration of the relationship between deflation and investment. And yes, it is basic economics.
Invest more wisely
Invest with less risk? More risk? Or you're saying "just predict the future correctly"
I wonder if you'd learn something about this in an econ 101 class.Deflation is the answer to the infinite growth required by capitalism. It should be embraced, not avoided.
Gee, you're literally dead wrong, and the experts agree with me. It's inflation, not deflation, that is required for growth. There's a reason the government targets a rate of 2% inflation per year.
Inflationary currency motivates investment and consumption. When your money is going to lose some value anyway, you might as well take a risk and invest it for a potential reward. You might as well make that large purchase today, because your money will buy a little less tomorrow. This is healthy for the economy.
You are correct that deflation adds on top of interest, which makes loans more expensive. This stifles an economy by decreasing demand/consumption and the flow of money through the economy. When loans are more expensive to pay back, people are discouraged from taking a business loan and starting a new business or taking out a loan and investing it or using it to make a large purchase. This is bad for the economy.
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The economy doesn't grind to a halt. People don't horde cash. Consumption still occurs. Services are still performed.
Again, facts and history disagree with you. See the great depression and other economic downturns.
people will still lend out their money because they would like to have more than money than if they did nothing
Again, risk exists and is half of the risk-reward calculation. When your system entirely hinges on risk not existing... big sign that you're wrong lol.
So you made a bad investment in something that wasn't needed. Invest more wisely. This is basic economics.
It's a demonstration of the relationship between deflation and investment. And yes, it is basic economics.
Invest more wisely
Invest with less risk? More risk? Or you're saying "just predict the future correctly"
I wonder if you'd learn something about this in an econ 101 class.Deflation is the answer to the infinite growth required by capitalism. It should be embraced, not avoided.
Gee, you're literally dead wrong, and the experts agree with me. It's inflation, not deflation, that is required for growth. There's a reason the government targets a rate of 2% inflation per year.
Inflationary currency motivates investment and consumption. When your money is going to lose some value anyway, you might as well take a risk and invest it for a potential reward. You might as well make that large purchase today, because your money will buy a little less tomorrow. This is healthy for the economy.
You are correct that deflation adds on top of interest, which makes loans more expensive. This stifles an economy by decreasing demand/consumption and the flow of money through the economy. When loans are more expensive to pay back, people are discouraged from taking a business loan and starting a new business or taking out a loan and investing it or using it to make a large purchase. This is bad for the economy.
Again, facts and history disagree with you. See the great depression and other economic downturns.
Read the links you posted. Debt default was the crisis. Deflation was a symptom.
When your system entirely hinges on risk not existing... big sign that you're wrong lol.
I have no idea why you claim my "system" has nothing risk. Reread this thread to correct your misunderstanding.
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Again, facts and history disagree with you. See the great depression and other economic downturns.
Read the links you posted. Debt default was the crisis. Deflation was a symptom.
When your system entirely hinges on risk not existing... big sign that you're wrong lol.
I have no idea why you claim my "system" has nothing risk. Reread this thread to correct your misunderstanding.
wrote last edited by [email protected]I have no idea why you claim my "system" has nothing risk. Reread this thread to correct your misunderstanding.
You need a higher return on investment in order to outpace deflation and make investing worth your while. Do assets with a higher potential return have more risk or do they have less risk?
Also I'm just going to keep posting these 2 paragraphs every comment until you actually address them lol:
Inflationary currency motivates investment and consumption. When your money is going to lose some value anyway, you might as well take a risk and invest it for a potential reward. You might as well make that large purchase today, because your money will buy a little less tomorrow. This is healthy for the economy.
You are correct that deflation adds on top of interest, which makes loans more expensive. This stifles an economy by decreasing demand/consumption and the flow of money through the economy. When loans are more expensive to pay back, people are discouraged from taking a business loan and starting a new business or taking out a loan and investing it or using it to make a large purchase. This is bad for the economy.
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I have no idea why you claim my "system" has nothing risk. Reread this thread to correct your misunderstanding.
You need a higher return on investment in order to outpace deflation and make investing worth your while. Do assets with a higher potential return have more risk or do they have less risk?
Also I'm just going to keep posting these 2 paragraphs every comment until you actually address them lol:
Inflationary currency motivates investment and consumption. When your money is going to lose some value anyway, you might as well take a risk and invest it for a potential reward. You might as well make that large purchase today, because your money will buy a little less tomorrow. This is healthy for the economy.
You are correct that deflation adds on top of interest, which makes loans more expensive. This stifles an economy by decreasing demand/consumption and the flow of money through the economy. When loans are more expensive to pay back, people are discouraged from taking a business loan and starting a new business or taking out a loan and investing it or using it to make a large purchase. This is bad for the economy.
You need a higher return on investment in order to outpace deflation
No, in an inflationary environment you demand a higher return on investment in order to outpace inflation. Look at Argentina if you are confused.
Deflation is the opposite of inflation. Keep up.
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You need a higher return on investment in order to outpace deflation
No, in an inflationary environment you demand a higher return on investment in order to outpace inflation. Look at Argentina if you are confused.
Deflation is the opposite of inflation. Keep up.
wrote last edited by [email protected]Nope, you literally have it backwards. No wonder you've got this all wrong.
If your money increases in value at a 5% rate (deflating), and a share of stock also increases in value at a 5% rate, then there's no reason to exchange your money for the stock. The stock needs to increase in value at a higher rate in order to make it worthwhile to give up the currency and possess the stock instead.
Inflation is opposite. For example, if your money is decreasing in value at a 2% rate (inflating), the stock doesn't even need to increase in value for it to be better. It would be worthwhile to exchange the money for the stock even if it was just holding a stable constant value.
Which is riskier, a stock that has a potential return of +5% or a stock that holds a stable value?
Rate of return needs to beat/outpace deflation. Technically you're half right, because rate of return ALSO needs to beat inflation, it's just easier to do because inflation is negative, so even investments that don't grow and just hold a stable value beat inflation. Which is why inflation encourages investment and stimulates and grows the economy.
As promised:
Inflationary currency motivates investment and consumption. When your money is going to lose some value anyway, you might as well take a risk and invest it for a potential reward. You might as well make that large purchase today, because your money will buy a little less tomorrow. This is healthy for the economy.
You are correct that deflation adds on top of interest, which makes loans more expensive. This stifles an economy by decreasing demand/consumption and the flow of money through the economy. When loans are more expensive to pay back, people are discouraged from taking a business loan and starting a new business or taking out a loan and investing it or using it to make a large purchase. This is bad for the economy.
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Or what happens when governments ban crypo exchanges?
I think the real answer is for us (the electorate) to start electing officials who aren't puritanical twats. Way way harder to do tough.
Is this a serious question? Crypto is inherently decentralised and anonymous, from the base technology of the blockchain. The existence of crypto exchanges is directly opposed to its entire thesis as a digital currency, and only exist because people now treat it like a speculative asset and not like money.
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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?
wrote last edited by [email protected]Could use a stablecoin that's pegged to USD or EUR.
USDC seems relatively safe given how much traditional investment is tied up in Coinbase and Circle.
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Is this a serious question? Crypto is inherently decentralised and anonymous, from the base technology of the blockchain. The existence of crypto exchanges is directly opposed to its entire thesis as a digital currency, and only exist because people now treat it like a speculative asset and not like money.
wrote last edited by [email protected]Would make it difficult to on/off-ramp though. Though I guess, theoretically, it wouldn't be necessary if you can use it for payment.
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Nope, you literally have it backwards. No wonder you've got this all wrong.
If your money increases in value at a 5% rate (deflating), and a share of stock also increases in value at a 5% rate, then there's no reason to exchange your money for the stock. The stock needs to increase in value at a higher rate in order to make it worthwhile to give up the currency and possess the stock instead.
Inflation is opposite. For example, if your money is decreasing in value at a 2% rate (inflating), the stock doesn't even need to increase in value for it to be better. It would be worthwhile to exchange the money for the stock even if it was just holding a stable constant value.
Which is riskier, a stock that has a potential return of +5% or a stock that holds a stable value?
Rate of return needs to beat/outpace deflation. Technically you're half right, because rate of return ALSO needs to beat inflation, it's just easier to do because inflation is negative, so even investments that don't grow and just hold a stable value beat inflation. Which is why inflation encourages investment and stimulates and grows the economy.
As promised:
Inflationary currency motivates investment and consumption. When your money is going to lose some value anyway, you might as well take a risk and invest it for a potential reward. You might as well make that large purchase today, because your money will buy a little less tomorrow. This is healthy for the economy.
You are correct that deflation adds on top of interest, which makes loans more expensive. This stifles an economy by decreasing demand/consumption and the flow of money through the economy. When loans are more expensive to pay back, people are discouraged from taking a business loan and starting a new business or taking out a loan and investing it or using it to make a large purchase. This is bad for the economy.
When your money is going to gain some value, you might as well take a risk and invest it for an even greater potential reward.
People always want more money.
Deflation does encourage delayed consumption of none staples and big ticket items. This is a feature not a bug.
You are correct that deflation adds on top of interest, which makes loans more expensive.
No. There is less interest charged on loans in a deflationary environment. Loans are cheaper. Remember the Argentinian counterexample ? Inflation high, interest rates high.
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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?
Yeah, that's literally what these people want.
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When your money is going to gain some value, you might as well take a risk and invest it for an even greater potential reward.
People always want more money.
Deflation does encourage delayed consumption of none staples and big ticket items. This is a feature not a bug.
You are correct that deflation adds on top of interest, which makes loans more expensive.
No. There is less interest charged on loans in a deflationary environment. Loans are cheaper. Remember the Argentinian counterexample ? Inflation high, interest rates high.
wrote last edited by [email protected]If you're an individual investor, given the choice between the 2 scenarios, would you rather exist in a world with 2% deflation, where you have to make more than a 2% return on investment in order for it to have been worthwhile, or a world with 2% inflation, where you don't even need to correctly pick a growing investment, and even an investment that just holds a stable value is worthwhile.
The choice is obvious, of course the individual would rather have the deflation scenario, because then they don't even need to invest or take any risk to grow their wealth. They can literally just sit around and do nothing, and their wealth grows for free without any risk.
But this is naive and childish to think that an environment where you just get free wealth for no reason by doing nothing is healthy for an economy as a whole.
Argentina had very high inflation, and I agree that's bad. The amount of inflation is key. What dictates the amount of inflation that is healthy? Hint: you'll have to scroll all the way to the beginning of this lesson in order to know. (jk I'll just tell you here, it relates to the growth rate of the economy). Argentina's inflation was out of sync with its economic growth.
Technically, deflation isn't always theoretically bad and inflation isn't always theoretically good, but we live in a reality of moderate economic growth, so therefore moderate inflation is required to maintain it.
And now we've circled back to the start and my position has remained entirely self-consistent, while yours has been easy to poke full of holes and point out the inconsistencies.
