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One could suggest they are responsible for current price action.
... One could, if one was really desperate. |
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Can anyone point to any advantage of demurrage over inflation?
Variable monetary inflation [...] requires a trusted issuer (central bank). Many here don't like that.
Demurrage does not require a central issuer. Without a central issuer, variable monetary inflation is difficult, if not impossible, to implement. |
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is there some significance to this masked green dude?
It is I, your cold-blooded overlord. This isn't even my final form.   BTCBTCBTCBTCBTCWEEEEEEEEEEEEEEEEEEEE!!!!!!  >hand-rolling filters >smoking Marlboro Lights Degenerate  |
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Is there a good explanation somewhere of why we should prefer demurrage over inflation?
The demurrage wikipedi article says
"However, inflation, compared to fixed demurrage fees, is more variable, creates uncertainty, and is not usually uniform in its effect across the holders of the currency.[citation needed] Due to this uncertainty, rational economic action becomes more difficult under inflation than under demurrage.[citation needed] The non-uniform distribution of costs and benefits in inflation across the economy meanwhile undermines an aggregate analysis of its effects.[citation needed]."
This is unsourced and unclear.
To me it seems that demurrage is just a kludgey way of approximating inflation. Inflation is relatively continuous and predictable (if it's done in a fixed way in a cryptocurrency), whereas demurrage appears to achieve the same thing but in a less clean way. What am I missing?
Variable monetary inflation--increasing the money supply--is nontrivial, and requires a trusted issuer (central bank). Many here don't like that. Algorithmically controlled monetary inflation (e.g. Bitcoin inflation, ~10%/yr now, tapering as more blocks are found) is, by definition, as inflexible as demurrage. |
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Should we keep track of every $ fraud as well Whatever floats your boat. I found "All left to do now is to declare bankruptcy with the Panamanian authorities" sorta witty is all  |
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An amphibian. I manifest Myself to you in many forms so that you may know Me.
you do realize that manifest yourself in many form tend to confuse instead... Eat well, exercise, and keep your flesh tender. Leave the thinking to Us. |
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Who cares. The topic is reptilians, who are really angels. Please try to stay focused.
FTFY. We [ I ] am [is] love. http://www.angels-heaven.org/ |
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is there some significance to this masked green dude?
It is I, your cold-blooded overlord. This isn't even my final form. ok good to know. a frog is a reptilian ? An amphibian. I manifest Myself to you in many forms so that you may know Me. |
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is there some significance to this masked green dude?
It is I, your cold-blooded overlord. This isn't even my final form. |
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Trust me, we are doing everything in our power to prevent this disaster |
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...Big financial crysis is incoming...
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Not sure, but better not take any chances--send all ur monyz to a reputable exchange of your choice & buy BTC! |
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 Hold on to your butts.Meh just some shorts closing |
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^Robert, "someone who owes the rest of the world 4.7 trillion USD" also has the power to print those self-same dollars, remember? You told me that yourself, or another smart feller just like u did. We don't "needs a loan of 40 billion every month," Robert. We're a producer country, a manufacturing powerhouse. We can print "40 billion every month" all by ourselves  ...
Learn to love us or die.
~Your Beneficent Reptilian Overlords.
why bother printing, just tell the Chinese you won't pay it back, after all paying back in useless papers is not really paying back, the Chinese aren't stupid. the only problem is they won't loan any more money and America won't be able to import anymore. ... China doesn't "loan money" to US. But to humor you: The money owed China is USD, nothing else--not gold, not chickens, not socks. Dollars, Robert. American Dollars. Dollars the whole world wants, and we print. We will print up teh $$ to pay China back. Slowly. Maybe. If China behaves itself & doesn't piss us off. But you, Robert, you should feel free to inform China about the state of its debt. Just call 911 and ask the operator to put you through to the Big Cheese in China, say "matter of world importance." We get calls like that often, from concerned smart citizens such as yourself. We know just what to do.  ~Your Beneficent Reptilian Overlords. |
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Moonshot postponed I take it? You guys sure you got the right Nazi? This looks nothing like a V2, you know...  |
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Maybe... I bought my first piece of BTC on Christmas Day last year... Ouch. I hope you sold on the bounce... |
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Prediction: W3C web payments group meeting in Santa Clara 27-31 October will take up integration of bitcoin payments into W3C global standards.
November is going to be a very good month for crypto.
That would be huge, price would go to the actual moon  So bigger than the PayPal news even? Aren't you afraid that Bitcoin will blow right by the moon and wind up in uranus? |
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