611–620 of 699 posts
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All of those things can be tracked and confiscated - crypto is a lot harder. It's volatile, but it's significantly more secure against state actors.
It is actually less harder than FIAT (except Monero), if you want to track spending of corrupt politicians, not fungible cryptocurrencies as BTC are great tools.
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Happily. "Base demand for dollars is created due to taxation" [1] Which of course completely contradicts: "The (mostly paid for by tax) army has nothing to do with the value of a dollar." [also 1] [1] comment by 'arcticbull' on 'Hacker News'
You misunderstand my point. What the tax money is spent on is irrelevant and doesn’t create the demand. The demand is created by the obligation to pay the taxes and subsequent enforcement of non-payment. The same demand structure exists for instance in Japan without an army. Does that clarify for you?
The maintenance of the army doesn't create demand for taxes? Are you aware this is one of the most significant historical reasons for the collection of taxes?
Could you remind me again of when the Army was abolished in Japan and why, and whether the US military (which drives part of our demand for taxes) had any role in that?
Japan pays for the Army. The US army [1].
[1] https://www.aljazeera.com/news/2021/2/17/japan-us-extend-agr...
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Surely you have some citations.
Happily. "Base demand for dollars is created due to taxation" [1] Which of course completely contradicts: "The (mostly paid for by tax) army has nothing to do with the value of a dollar." [also 1] [1] comment by 'arcticbull' on 'Hacker News'
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Can't you rent real estate assets, making it positive sum?
The building is positive sum like any other investment. Nothing prevents you from building more. Land is zero sum for obvious reasons.
You can’t build a building on top of nothing so if land has a building on it you can apportion some of the productivity of the building to the land itself.
Agreed land without improvements is zero sum.
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Can't you rent real estate assets, making it positive sum?
The building is positive sum like any other investment. Nothing prevents you from building more. Land is zero sum for obvious reasons.
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The building is positive sum like any other investment. Nothing prevents you from building more. Land is zero sum for obvious reasons.
Not all investments are positive sum - metals are zero sum, proof of work coins are negative sum. You can’t build a building on top of nothing so if land has a building on it you can apportion some of the productivity of the building to the land itself. Agreed land without improvements is zero sum.
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Happily. "Base demand for dollars is created due to taxation" [1] Which of course completely contradicts: "The (mostly paid for by tax) army has nothing to do with the value of a dollar." [also 1] [1] comment by 'arcticbull' on 'Hacker News'
You’re either intentionally avoiding the point or you’ve missed it yet again so I’m going to side step and say this: the amount of army won’t change regardless of which currency is used. There’s no path to reducing the size by changing the currency. It’s a separate, unrelated social policy decision. Either way I don’t think you’re arguing in good faith so I’m gonna cut this off here. Have a great evening!
Clearly the one arguing in good faith is the person leading off calling all crypto a ponzi scheme because of several myths you misunderstand. Or given your financial literacy, probably intentional disingenuous portrayal.
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Your opinion is duly noted, my opinion is that your opinion has little bearing on what the price of BTC will be if the purchasing power of a dollar drops quickly. My prediction is that demand for it will surge and so the price will go up somewhat inversely. I'll note that you're not taking the counter position, just stating why that would be a "very bad idea" for people to demand it. I'm guessing you've been saying t…
You talk exactly like an MLM salesperson. Do you have a seminar I can register for? ... But seriously, people will speculate on things and bubbles will happen in all assets, some are more resilient than others. While the future is never easy to know, your predictions can be dismissed out of hand because we definitely have some 'hard parameters' we have to deal with. BTC is definitely an outlet for illegal activity an…
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What do you propose as a solution for central banks and monetary policy attempting to operate in structural stagnation [1]? Do you believe digital tulips will maintain their value as real productivity declines due to demographics? Physical cash can be inflated with relatively the same ease as a CBDC through QE. You're seeking a level of control and authority of monetary policy only accessible to nation states. We agr…
You can't solve structural economic problems with monetary policy. That's how you get (hyper)inflation, and that story's been born out dozens of times across history. The solution to real productivity declines is real productivity increases, and the incentive to reallocate your resources into the most productive activities is lacking when the cost of capital is effectively nil and the central bank bails out any misal…
I don't know why but when the central bank intends lower interest rates to overheat the market people somehow stop believing that the market even exists. It's really strange. I mean it. People talk about how the market works and will fix everything on its own but as soon as there is any government action even action that supports the market suddenly people think it will completely break down, as if the market didn't exist or function the way they say.
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What do you propose as a solution for central banks and monetary policy attempting to operate in structural stagnation [1]? Do you believe digital tulips will maintain their value as real productivity declines due to demographics? Physical cash can be inflated with relatively the same ease as a CBDC through QE. You're seeking a level of control and authority of monetary policy only accessible to nation states. We agr…
My desired solution is for central banks and their abusive monetary policy to die in a fire. One way to achieve that is to have many competing currencies that are not controlled by a central bank. If any are a worthy replacement for government fiat people will use it. But, that is precisely why governments will do their best to regulate use of competing currencies. China has the most restrictive capital controls in t…