SwingingKoala

SwingingKoala, 1 day ago

Don’t know about debunking, it seems to be more about entertaining people than educating them. Anyway, only made it to the 20 minute mark, back to work.

SwingingKoala, 23 hours ago

Which films have 20 minute trailers?

SwingingKoala, 20 hours ago

You tell me, you started to talk about films.

SwingingKoala, 19 hours ago

None?

Look what I found for you: www.imdb.com/list/ls031139166/ Happy to educate you, you’re welcome.

SwingingKoala, 1 day ago

Decentralizing stuff is good!

Maybe we can do money next.

SwingingKoala, 1 day ago

You’re exactly right, in a free market of currencies people would naturally end up using the best money. This is what has happened historically and we had a gold standard. The current financial system forces us to use a specific currency and forbids competition.

SwingingKoala, 1 day ago (edited 22 hours ago)

How is the situation today different than it was back then?

Historically people used all kinds of money, like feathers, shells, stones, and ended up with silver and gold. The reason for this is that silver and gold are the hardest to produce. Every time somebody can inflate the money supply they can extract value from everybody who uses that money. Europeans did this in many colonies for example, e.g. by manufacturing glass beads that were used as local currency.

The dollar was backed by gold in the past (Bretton Woods), but Nixon did a rugpull and refused to give other countries gold for their dollars. Since then the US keeps printing more and more dollars, now adding a trillion every three months while the first trillion took like a century.

So, the difference between then and now is that the dollar used to be strong, and now it is weak. It’s still strong enough to be the world reserve currency, but there are cracks in the system and they grow.

SwingingKoala, 2 days ago

Famous libertarian Friedrich Hayek supported universal basic income

That’s a lie people love to repeat. Hayek was in favor of helping people who needed help, he explicitly was against money for freeloaders.

SwingingKoala, 3 days ago

You live in the African steppe 10000 years ago. Having to find food is degrading.

Had a good laugh. Thanks.

SwingingKoala, 4 days ago

Crypto is literally just machines wasting energy on purpose to create false scarcity

A monetary system that is designed to lead to eternal, cancerous growth through intentionally inflating the money supply is far worse.

SwingingKoala, 4 days ago

I’d love to see any evidence or logical arguments that an inflationary economy is worse than a deflationary one.

Don’t you understand that artificially induced unlimited growth is bad? It’s not about inflation or deflation, but the outcome.

www.ecb.europa.eu/mopo/strategy/…/index.en.html

The main task of the ECB is to maintain price stability. The ECB’s Governing Council considers that price stability is best maintained by aiming for 2% over the medium term. Price stability creates conditions for more stable economic growth

SwingingKoala, 4 days ago

deflationary economies are terrible for everyone

That’s a myth spread by modern monetary theorists because they only understand the economy from an inflationary perspective. Economies worked fine for millennia without inflationary money.

SwingingKoala, 4 days ago

worked fine for millennia without inflationary money

That means until the early 1900s or 1970s when inflation went into overdrive.

our current population boom

Huh what?

https://discuss.tchncs.de/pictrs/image/e18e710a-c728-46ce-b341-d3d049072e14.png

SwingingKoala, 4 days ago

The Risk of NOT Owning Bitcoin with James Lavish

youtube.com/watch?v=7mmB_6WYLpI

redirect.invidious.io/watch?v=7mmB_6WYLpI