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@cristo71
Yeah, thats why he lost elections and popular vote(twice in a row).
Inflation is coming down fast. Conservatives didn’t get their wish
Posts
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47
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@Best.Korea
Putin needs to maintain his artillery advantage to sustain his defense of the Donbas from Nato aggression.
NK has a massive stockpile of munitions to trade, and Russia has advanced rocketry. Both sides win while America blunders.
The insatiable greed of America's ruling elites has caused massive incompetence, creating yet again another losing proxy war boondoggle.
while NK forms an alliance with the rest of the world.
The rest of the world? You mean Russia. And between the two of them they have exactly zero aircraft carriers.
Don’t forget it was your favorite President who exchanged love letters with the North Korean leader.
Nato aggression.
Libertarians are morons
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@Greyparrot
Putin needs to maintain his artillery advantage to sustain his defense of the Donbas from Nato aggression
Well, true, I guess.
NK has a massive stockpile of munitions to trade, and Russia has advanced rocketry. Both sides win while America blunders
North Korea keeps its weapons mostly secret, as well as their count. Some assume that North Korea has tens of millions of artillery shells, since North Korea regularly holds exercises firing over 500 shells per exercise.
Now, I think Kim is after Putin's ICBM nukes, or at least the technology and knowledge needed to build such an ICBM. That seems to be the only area where Russia is ahead of North Korea, and the only area Kim would benefit from.
Russia's SS ICBM class, world's most advanced ICBM class, will now fall into North Korea's hands.
Of course, North Korea already has ICBM's of its own, but add Russian knowledge and North Korea becomes nuclear superpower.
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@Best.Korea
Well said.
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@ADreamOfLiberty
So they say.
Believe me, I know they're not independent of government authority. But it's other way around -- the government listens to them and any other shill international bankers appoint to large, global financial institutions.
The people can obsolete it themselves by adopting cryptocurrency.
Cryptocurrency is a red herring. International Bankers I presume would intend mass adoption of cryptocurrency because of the block-chain/online ledger system. That's the reason "Bitcoin" was heavily advertised, and its "creator" is nowhere to be found.
"People have the government they deserve" is not literally true but it is true that governments don't exist a certain way without a whole lot of people going with the flow.
Complacency is the enemy of progress.
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@Athias
International Bankers I presume would intend mass adoption of cryptocurrency because of the block-chain/online ledger system.
It is impossible to inflate, why would they pursue it if they can't manipulate it?
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@Athias
Well stated
Complacency is the enemy of progress.
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@ADreamOfLiberty
It is impossible to inflate,
I don't think that's true.
why would they pursue it if they can't manipulate it?
At the very least, they can still tax it. I remember reading a while back about how there's over 60 billion dollars of cash-based transactions that aren't taxed. The shift to an online ledger would "remedy" that.
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@Athias
It is impossible to inflate,I don't think that's true.
It is. No one can force a change to the checksum algorithms and those algorithms require a global asymptote (some other coins include growth curves based on transactions).
The government making a hard fork and then throwing people in jail if they keep using the old system is hardly a weakness of the strategy since forcing that level of naked power is the most any system could possibly achieve. Indeed they would have to tear down the internet and make private computing without backdoors illegal to enforce such a thing.
At the very least, they can still tax it. I remember reading a while back about how there's over 60 billion dollars of cash-based transactions that aren't taxed. The shift to an online ledger would "remedy" that.
That's why privacy coins are superior.
Bitcoin (and analogs) destroy money supply manipulation such as inflation and remove the weakness of government being able to remove your money without your consent and without capturing and torturing you as they can do now by simply going to the bank.
Monero (and analogs) do all that and they will effectively create a condition where any disturbance to the system will cause a chain reaction that destroys taxation (involuntary fees of any kind) because the government will not even be able to quantify most people's income or transactions without cooperation.
They will likely ban privacy coins the moment any gains traction with the excuse being it is used by criminals. Of course anyone who refuses to pay taxes is a criminal in their view so that's not inaccurate to the hope. Cash is also preferred by true criminals today but its popularity makes it hard to use that excuse to remove it and the same would be true if a privacy coin was adopted faster than the gears of government could react.
Note also that it isn't the cash economy that need be targeted for subversion but the credit card economy as well as things like google or apple pay. The USD and all the cash would still exist, but from the government's point of view it just sits in big exchange accounts and does nothing taxable.
People will be paid in crypto, will buy in crypto, and need only concern themselves with USD for the purposes of cash. Of course the IRS will learn to track and tax but they already have the ability to audit everything you buy electronically or are paid through W2 employment.
It's still a step forward to remove ways they can steal. Even people immorally supporting taxes would agree that preventing currency manipulation so that all taxation must go through legislative process is a benefit.
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@ADreamOfLiberty
It is. No one can force a change to the checksum algorithms and those algorithms require a global asymptote (some other coins include growth curves based on transactions).
This results in low-inflation not no inflation, given that oversupply will automatically create a rise in price to which the currency in question is indexed. And cryptocurrency can be oversupplied, though the checksum algorithms make it more manageable (Bitcoin, for example, as I understand has an inflation rate it regulates every four years, reducing mining by 50%.) Though your point is taken in what I assume you intended to argue that no sole manipulator can artificially inflate cryptocurrency supply. This isn't much different from gold which was and still is hard to inflate. I would argue however that unlike gold, the scarcity of which cannot be manipulated (unless through convincing counterfeit) checksum algorithms can be manipulated, even if its change cannot be "forced."
Indeed they would have to tear down the internet and make private computing without backdoors illegal to enforce such a thing.
And they've (members of government, that is) have been slowly building towards that through their "National Cybersecurity Strategies."
That's why privacy coins are superior.Bitcoin (and analogs) destroy money supply manipulation such as inflation and remove the weakness of government being able to remove your money without your consent and without capturing and torturing you as they can do now by simply going to the bank.Monero (and analogs) do all that and they will effectively create a condition where any disturbance to the system will cause a chain reaction that destroys taxation (involuntary fees of any kind) because the government will not even be able to quantify most people's income or transactions without cooperation.They will likely ban privacy coins the moment any gains traction with the excuse being it is used by criminals. Of course anyone who refuses to pay taxes is a criminal in their view so that's not inaccurate to the hope. Cash is also preferred by true criminals today but its popularity makes it hard to use that excuse to remove it and the same would be true if a privacy coin was adopted faster than the gears of government could react.Note also that it isn't the cash economy that need be targeted for subversion but the credit card economy as well as things like google or apple pay. The USD and all the cash would still exist, but from the government's point of view it just sits in big exchange accounts and does nothing taxable.People will be paid in crypto, will buy in crypto, and need only concern themselves with USD for the purposes of cash. Of course the IRS will learn to track and tax but they already have the ability to audit everything you buy electronically or are paid through W2 employment.It's still a step forward to remove ways they can steal. Even people immorally supporting taxes would agree that preventing currency manipulation so that all taxation must go through legislative process is a benefit.
I agree that if cryptocurrency if left as is can stave off the inflation created by the Federal Reserve's manipulation of the money supply. (The concept of cryptocurrency in and of itself is not the issue.) The concept is actually no different than letting private currency compete with National currency. Cryptocurrency however is just a stepping stone for Central Bank digital currencies, which will eventually monopolize (likely in the interests of "Cybersecurity") the currency market.
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@Athias
It is. No one can force a change to the checksum algorithms and those algorithms require a global asymptote (some other coins include growth curves based on transactions).This results in low-inflation not no inflation, given that oversupply will automatically create a rise in price to which the currency in question is indexed. And cryptocurrency can be oversupplied, though the checksum algorithms make it more manageable (Bitcoin, for example, as I understand has an inflation rate it regulates every four years, reducing mining by 50%.)
The a constant money pool results in price deflation if the exchanged goods and services increases. This rewards savers, and can be considered a problem. It was the excuse for creating a fractional reserve system in the first place. A case of the 'cure' being 1,500 times worse than the symptoms.
Bitcoin, for example, as I understand has an inflation rate it regulates every four years, reducing mining by 50%.
Yes, approaching the asymptote of 21 million quickly. A government's ability to manipulate this would be short lived and painfully ineffective even now.
Though your point is taken in what I assume you intended to argue that no sole manipulator can artificially inflate cryptocurrency supply.
Yes, that's true now; and soon it will be true that no significant inflation will occur at all. It's already cost-ineffective to search for new blocks, when it happens it's just a by product of transaction fee mining and that is exactly as intended.
This isn't much different from gold which was and still is hard to inflate.
This aspect is similar, and a gold standard would have prevented the inflation-theft mechanism that has run rampant since the 20s.
There is inflation, and then there is theft-inflation. Recall that the reserve banks don't just create money, they also control the money they created. They can and do 'loan' it straight to the government without any constraint or regulation.
It's doing so much damage because it's a way for government to steal without the bad press and debate caused by taxes. Inflation steals in a way that most people don't understand and don't blame government for. If we were on a gold standard during covid (with all the same government policies and spending) and people saw 60-70% effective tax rates they would have revolted long before the election.
Also in many ways gold is easier to steal. It requires vaults and guards. Keeping crypto safe only requires an informed brain and keeping a secret.
I would argue however that unlike gold, the scarcity of which cannot be manipulated (unless through convincing counterfeit) checksum algorithms can be manipulated, even if its change cannot be "forced."Indeed they would have to tear down the internet and make private computing without backdoors illegal to enforce such a thing.And they've (members of government, that is) have been slowly building towards that through their "National Cybersecurity Strategies."
With a sufficiently violent government anything is possible, they could nationalize all gold mines for example.
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@Best.Korea
August inflation numbers are in, and It isn't pretty folks...3.7%
NK looking better and better....
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@Greyparrot
Eh, after inflation at 9,
3 is kinda okay.
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@ADreamOfLiberty
You and I are on the same page, but it's this point here:
With a sufficiently violent government anything is possible
that leads me to believe that cryptocurrency, as well as other digital items of exchange, is a means to ingratiate the populace with prospective central bank digital currencies, which will only be limited by their algorithms.
August inflation numbers are in, and It isn't pretty folks...3.7%
What kind of a dufus posts a YouTube clip like this to try to make a point?
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@Best.Korea
Eh, after inflation at 9,3 is kinda okay.
I guess so, since 3.7 percent helps bring down Biden's average inflation rate over his term closer to 6 percent.
Assuming you need any desperate spin to support such a ridiculous president.