Creative Title
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Speed running the porn companies making their own payment processor
AFAIK there's pay processing business that will do nsfw transactions but they ask for extra money.
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The banks/governments can't freeze your bitcoins, nor can they simply print more or regulate the value otherwise.
You're just listing reasons why bitcoin sucks lol. Oh no!!! Flight risk criminals and terrorists had their accounts frozen!!! Oh no, ReGuLaTiOn BaD!!! Grow up.
Finite currencies (like gold/silver/bitcoin) are deflationary currencies and are genuinely absolutely terrible for an economy. That's why we don't use gold anymore.
Finite currencies (like gold/silver/bitcoin) are deflationary currencies and are genuinely absolutely terrible for an economy.
Myth. Deflation is just negative inflation, and that's been fine.
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You can make intermediate wallets to obfuscate transfers, like throwaways, so the wallet that pays your rent is different from the one ordering a dragon dildo and it's hard to say if it's the same person, but it's a hassle and you'll get extra transaction fees.
Obfuscation is not security.
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Oh cool. Minor environmental disasters wrapped in explosive deflation.
It takes one wind turbine to run all of Ethereum.
Deflation is not relevant for a transaction.
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Finite currencies (like gold/silver/bitcoin) are deflationary currencies and are genuinely absolutely terrible for an economy.
Myth. Deflation is just negative inflation, and that's been fine.
wrote last edited by [email protected]It's a fact.
Deflation is just negative inflation
Yep, that's a major problem. The total pool of currency needs to be able to grow with the economy. Take a first year econ course before speaking
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Not really a meme meme, but i felt like i had to :s
Imagine how many more "Thomas Matthew Crooks" are gonna come out of their basements if you ban their porn. Conservatives secretly love their porn. Might wanna rethink the ban.
Or not, I don't mind watching a IRL live movie about a rebellion instigated by...
checks notes
...banning porn
️
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It's a fact.
Deflation is just negative inflation
Yep, that's a major problem. The total pool of currency needs to be able to grow with the economy. Take a first year econ course before speaking
It's a myth.
The total pool of currency needs to be able to grow with the economy.
Go on, back up that statement with references from your first year econ course notes.
Under your model, how was the economy able to grow before 1976?
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Gnu Taler sounds like a good idea now
Wow, i didn't know they had made that? Well, never heard about it, but that's cool! I love everything made by/with the GNU Project
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It takes one wind turbine to run all of Ethereum.
Deflation is not relevant for a transaction.
Deflation is not relevant for a transaction
What are you trying to say with this? Cause I'm stuck between the very literal and wildly confusing.
I will say, regardless of your further explanation, that deflation makes transactions less likely to happen, which is the whole point of a currency to begin with. Would you rather pay a debt to a friend off with dollars or a cryptocoin? Cause my money is that most people would say the dollars since the crypto could grow, whereas the dollar is always shrinking. A speculative asset is not something most people would give away like they would money.
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Imagine how many more "Thomas Matthew Crooks" are gonna come out of their basements if you ban their porn. Conservatives secretly love their porn. Might wanna rethink the ban.
Or not, I don't mind watching a IRL live movie about a rebellion instigated by...
checks notes
...banning porn
️They supposedly love their children too.
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Deflation is not relevant for a transaction
What are you trying to say with this? Cause I'm stuck between the very literal and wildly confusing.
I will say, regardless of your further explanation, that deflation makes transactions less likely to happen, which is the whole point of a currency to begin with. Would you rather pay a debt to a friend off with dollars or a cryptocoin? Cause my money is that most people would say the dollars since the crypto could grow, whereas the dollar is always shrinking. A speculative asset is not something most people would give away like they would money.
If you are storing money in a certain currency then inflation is a problem.
If you owe money in a certain currency then deflation is a problem.
If you are quickly moving money from one currency to another then making an instant one off payment, the time span is too small for either inflation or deflation to have an impact.
The price of the service can be quoted as fixed in USD and adjusted in real time on the crypto side.
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It's a myth.
The total pool of currency needs to be able to grow with the economy.
Go on, back up that statement with references from your first year econ course notes.
Under your model, how was the economy able to grow before 1976?
wrote last edited by [email protected]Under your model, how was the economy able to grow before 1976?
Gold can be mined.
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If you are storing money in a certain currency then inflation is a problem.
If you owe money in a certain currency then deflation is a problem.
If you are quickly moving money from one currency to another then making an instant one off payment, the time span is too small for either inflation or deflation to have an impact.
The price of the service can be quoted as fixed in USD and adjusted in real time on the crypto side.
Cool. So why would I ever want that? Why would I willingly buy a crypto to pay for a transaction when doing so is always detrimental to me over the person who I am paying? I'll spend more than the amount of debt I have (thanks to various fees) in order to give the person I'm buying from an asset that's more likely to gain value than lose. Instead of a dollar, a thing made to do the actual job of a currency that everyone already has and accepts.
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There was a reddit sub where they take in unfunny comics (usually sexist) and then edit them to be funny. That's how this actually became a meme.
I think that was r/bonehurtingjuice
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Under your model, how was the economy able to grow before 1976?
Gold can be mined.
Ah. So the rate of gold extraction exactly matches the expansion of the economy.
Oh, it doesn't.
Try again.
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Cool. So why would I ever want that? Why would I willingly buy a crypto to pay for a transaction when doing so is always detrimental to me over the person who I am paying? I'll spend more than the amount of debt I have (thanks to various fees) in order to give the person I'm buying from an asset that's more likely to gain value than lose. Instead of a dollar, a thing made to do the actual job of a currency that everyone already has and accepts.
Cool. So why would I ever want that?
So that anyone can buy what they want from whoever they want. So that payment processors cannot hold or be held by certain groups for ransom.
You know, the whole point of this thread.
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Ah. So the rate of gold extraction exactly matches the expansion of the economy.
Oh, it doesn't.
Try again.
wrote last edited by [email protected]Hurray! You've correctly identified the problem! Congratulations.
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I think that was r/bonehurtingjuice
Nah, I'm pretty sure it was r/comedynecromancy. They took unfunny comics/memes and made them funny. They were an offshoot of r/comedycemetary, they just reposted unfunny comics/memes to poke fun at.
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Obfuscation is not security.
Amazing username
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Hurray! You've correctly identified the problem! Congratulations.
So we agree you've proved your statement that "The total pool of currency needs to be able to grow with the economy" is false?
Excellent. Glad I could help.
