Crypto Is An Attack On Freedom

DerekJohnson

https://www.youtube.com/watch?v=IqbeCHRuDmI

RoadTrip

He supports Bitcoin. Derek, can you help me understand what he means by "proof of work" and how this differentiates Bitcoin from the other cryptos?

DerekJohnson

RoadTrip said:

He supports Bitcoin. Derek, can you help me understand what he means by "proof of work" and how this differentiates Bitcoin from the other cryptos?

He would be able to describe much better than I. I basically understand it but struggle to describe precisely. But I can give the basics. There are about 20,000 cryptos and they are all securities. They have a centralized group that issues the tokens and controls the protocols. If they want to issue more tokens in the same way the The Fed creates more dollars out of thin air, they are able to do so. They are under severe attack from the US government. But Bitcoin has been designated by the IRS as a commodity. There is no entity controlling Bitcoin. It is literally considered to be property in the USA. In El Salvador it is currency, but that's a different conversation.

In proof of work, the miners secure and verify the blockchain around the world and they compete to solve a math puzzle. These are ongoing. The winner gets to update the blockchain with the latest verified transactions. It gets rewarded with XX amount of Bitcoin. They are mining new coins.

The mining undergoes halvings every four years. From memory I think that 6.5 bitcoin are mined every day currently. About a year from now it will cut in half to 3.25 per day. This will go on every four years until the year 2140 when the final Bitcoin will be mined. It is specifically designed to be a digital scarcity, unlike gold and silver which are mined constantly and adding to the global supply, as well as fiat dollars which of course are always expanding and devaluing the worth of our dollars.

In the end there will be 21 million Bitcoin in circulation. There will never be more than 21 million. Nobody on earth has the power to alter this.

"Proof of stake" to my understanding is that it simply takes putting up crypto as collateral to secure a transaction on the Blockchain. Proof of work means Bitcoin is a beast that has one foot in the digital world and one foot in the physical world, to borrow from a Bitcoin writer named Gigi. There is real world physical energy backing Bitcoin transactions.

The Biden admin has shown itself to be hostile to Bitcoin but they will never be able to kill it. They are currently successful in driving Bitcoin entrepreneurs overseas to friendlier nations. The other day I heard that many American entrepreneurs are relocating to the UK and El Salvador to pursue their new businesses because the USA has become hostile since Biden came into office.

Hopefully the above explanation is somewhat clear.

WestlinnDuck

DerekJohnson said:

RoadTrip said:

He supports Bitcoin. Derek, can you help me understand what he means by "proof of work" and how this differentiates Bitcoin from the other cryptos?

He would be able to describe much better than I. I basically understand it but struggle to describe precisely. But I can give the basics. There are about 20,000 cryptos and they are all securities. They have a centralized group that issues the tokens and controls the protocols. If they want to issue more tokens in the same way the The Fed creates more dollars out of thin air, they are able to do so. They are under severe attack from the US government. But Bitcoin has been designated by the IRS as a commodity. There is no entity controlling Bitcoin. It is literally considered to be property in the USA. In El Salvador it is currency, but that's a different conversation.

In proof of work, the miners secure and verify the blockchain around the world and they compete to solve a math puzzle. These are ongoing. The winner gets to update the blockchain with the latest verified transactions. It gets rewarded with XX amount of Bitcoin. They are mining new coins.

The mining undergoes halvings every four years. From memory I think that 6.5 bitcoin are mined every day currently. About a year from now it will cut in half to 3.25 per day. This will go on every four years until the year 2140 when the final Bitcoin will be mined. It is specifically designed to be a digital scarcity, unlike gold and silver which are mined constantly and adding to the global supply, as well as fiat dollars which of course are always expanding and devaluing the worth of our dollars.

In the end there will be 21 million Bitcoin in circulation. There will never be more than 21 million. Nobody on earth has the power to alter this.

"Proof of stake" to my understanding is that it simply takes putting up crypto as collateral to secure a transaction on the Blockchain. Proof of work means Bitcoin is a beast that has one foot in the digital world and one foot in the physical world, to borrow from a Bitcoin writer named Gigi. There is real world physical energy backing Bitcoin transactions.

The Biden admin has shown itself to be hostile to Bitcoin but they will never be able to kill it. They are currently successful in driving Bitcoin entrepreneurs overseas to friendlier nations. The other day I heard that many American entrepreneurs are relocating to the UK and El Salvador to pursue their new businesses because the USA has become hostile since Biden came into office.

Hopefully the above explanation is somewhat clear.

So, assuming that the world's gold supply is 190,040 tonnes and 3,000 new tonnes of gold are mined a year that's a 1.6% increase. So if world GDP growth is 3% then the gold supply will be below world economic growth and gold will remain a rare commodity. That's Bitcoins selling point. Still easier to stop Bitcoin than gold however. The crypto that is based on non-fungible tokens (NFTs) like a digital picture of Justin Bieber are pure crap and are like the Dutch tulip bulb mania.

RoadTrip

DerekJohnson said:

RoadTrip said:

He supports Bitcoin. Derek, can you help me understand what he means by "proof of work" and how this differentiates Bitcoin from the other cryptos?

He would be able to describe much better than I. I basically understand it but struggle to describe precisely. But I can give the basics. There are about 20,000 cryptos and they are all securities. They have a centralized group that issues the tokens and controls the protocols. If they want to issue more tokens in the same way the The Fed creates more dollars out of thin air, they are able to do so. They are under severe attack from the US government. But Bitcoin has been designated by the IRS as a commodity. There is no entity controlling Bitcoin. It is literally considered to be property in the USA. In El Salvador it is currency, but that's a different conversation.

In proof of work, the miners secure and verify the blockchain around the world and they compete to solve a math puzzle. These are ongoing. The winner gets to update the blockchain with the latest verified transactions. It gets rewarded with XX amount of Bitcoin. They are mining new coins.

The mining undergoes halvings every four years. From memory I think that 6.5 bitcoin are mined every day currently. About a year from now it will cut in half to 3.25 per day. This will go on every four years until the year 2140 when the final Bitcoin will be mined. It is specifically designed to be a digital scarcity, unlike gold and silver which are mined constantly and adding to the global supply, as well as fiat dollars which of course are always expanding and devaluing the worth of our dollars.

In the end there will be 21 million Bitcoin in circulation. There will never be more than 21 million. Nobody on earth has the power to alter this.

"Proof of stake" to my understanding is that it simply takes putting up crypto as collateral to secure a transaction on the Blockchain. Proof of work means Bitcoin is a beast that has one foot in the digital world and one foot in the physical world, to borrow from a Bitcoin writer named Gigi. There is real world physical energy backing Bitcoin transactions.

The Biden admin has shown itself to be hostile to Bitcoin but they will never be able to kill it. They are currently successful in driving Bitcoin entrepreneurs overseas to friendlier nations. The other day I heard that many American entrepreneurs are relocating to the UK and El Salvador to pursue their new businesses because the USA has become hostile since Biden came into office.

Hopefully the above explanation is somewhat clear.

That was great. Thank you.

Goduckies

WestlinnDuck said:

DerekJohnson said:

RoadTrip said:

He supports Bitcoin. Derek, can you help me understand what he means by "proof of work" and how this differentiates Bitcoin from the other cryptos?

He would be able to describe much better than I. I basically understand it but struggle to describe precisely. But I can give the basics. There are about 20,000 cryptos and they are all securities. They have a centralized group that issues the tokens and controls the protocols. If they want to issue more tokens in the same way the The Fed creates more dollars out of thin air, they are able to do so. They are under severe attack from the US government. But Bitcoin has been designated by the IRS as a commodity. There is no entity controlling Bitcoin. It is literally considered to be property in the USA. In El Salvador it is currency, but that's a different conversation.

In proof of work, the miners secure and verify the blockchain around the world and they compete to solve a math puzzle. These are ongoing. The winner gets to update the blockchain with the latest verified transactions. It gets rewarded with XX amount of Bitcoin. They are mining new coins.

The mining undergoes halvings every four years. From memory I think that 6.5 bitcoin are mined every day currently. About a year from now it will cut in half to 3.25 per day. This will go on every four years until the year 2140 when the final Bitcoin will be mined. It is specifically designed to be a digital scarcity, unlike gold and silver which are mined constantly and adding to the global supply, as well as fiat dollars which of course are always expanding and devaluing the worth of our dollars.

In the end there will be 21 million Bitcoin in circulation. There will never be more than 21 million. Nobody on earth has the power to alter this.

"Proof of stake" to my understanding is that it simply takes putting up crypto as collateral to secure a transaction on the Blockchain. Proof of work means Bitcoin is a beast that has one foot in the digital world and one foot in the physical world, to borrow from a Bitcoin writer named Gigi. There is real world physical energy backing Bitcoin transactions.

The Biden admin has shown itself to be hostile to Bitcoin but they will never be able to kill it. They are currently successful in driving Bitcoin entrepreneurs overseas to friendlier nations. The other day I heard that many American entrepreneurs are relocating to the UK and El Salvador to pursue their new businesses because the USA has become hostile since Biden came into office.

Hopefully the above explanation is somewhat clear.

So, assuming that the world's gold supply is 190,040 tonnes and 3,000 new tonnes of gold are mined a year that's a 1.6% increase. So if world GDP growth is 3% then the gold supply will be below world economic growth and gold will remain a rare commodity. That's Bitcoins selling point. Still easier to stop Bitcoin than gold however. The crypto that is based on non-fungible tokens (NFTs) like a digital picture of Justin Bieber are pure crap and are like the Dutch tulip bulb mania.

Sure, but gold has a use in manufacturing etc... Bitcoin doesn't.

WestlinnDuck

Goduckies said:

WestlinnDuck said:

DerekJohnson said:

RoadTrip said:

He supports Bitcoin. Derek, can you help me understand what he means by "proof of work" and how this differentiates Bitcoin from the other cryptos?

He would be able to describe much better than I. I basically understand it but struggle to describe precisely. But I can give the basics. There are about 20,000 cryptos and they are all securities. They have a centralized group that issues the tokens and controls the protocols. If they want to issue more tokens in the same way the The Fed creates more dollars out of thin air, they are able to do so. They are under severe attack from the US government. But Bitcoin has been designated by the IRS as a commodity. There is no entity controlling Bitcoin. It is literally considered to be property in the USA. In El Salvador it is currency, but that's a different conversation.

In proof of work, the miners secure and verify the blockchain around the world and they compete to solve a math puzzle. These are ongoing. The winner gets to update the blockchain with the latest verified transactions. It gets rewarded with XX amount of Bitcoin. They are mining new coins.

The mining undergoes halvings every four years. From memory I think that 6.5 bitcoin are mined every day currently. About a year from now it will cut in half to 3.25 per day. This will go on every four years until the year 2140 when the final Bitcoin will be mined. It is specifically designed to be a digital scarcity, unlike gold and silver which are mined constantly and adding to the global supply, as well as fiat dollars which of course are always expanding and devaluing the worth of our dollars.

In the end there will be 21 million Bitcoin in circulation. There will never be more than 21 million. Nobody on earth has the power to alter this.

"Proof of stake" to my understanding is that it simply takes putting up crypto as collateral to secure a transaction on the Blockchain. Proof of work means Bitcoin is a beast that has one foot in the digital world and one foot in the physical world, to borrow from a Bitcoin writer named Gigi. There is real world physical energy backing Bitcoin transactions.

The Biden admin has shown itself to be hostile to Bitcoin but they will never be able to kill it. They are currently successful in driving Bitcoin entrepreneurs overseas to friendlier nations. The other day I heard that many American entrepreneurs are relocating to the UK and El Salvador to pursue their new businesses because the USA has become hostile since Biden came into office.

Hopefully the above explanation is somewhat clear.

So, assuming that the world's gold supply is 190,040 tonnes and 3,000 new tonnes of gold are mined a year that's a 1.6% increase. So if world GDP growth is 3% then the gold supply will be below world economic growth and gold will remain a rare commodity. That's Bitcoins selling point. Still easier to stop Bitcoin than gold however. The crypto that is based on non-fungible tokens (NFTs) like a digital picture of Justin Bieber are pure crap and are like the Dutch tulip bulb mania.

Sure, but gold has a use in manufacturing etc... Bitcoin doesn't.

Just another issue for gold greater than Bitcoin.

HHusky

WestlinnDuck said:

Goduckies said:

WestlinnDuck said:

DerekJohnson said:

RoadTrip said:

He supports Bitcoin. Derek, can you help me understand what he means by "proof of work" and how this differentiates Bitcoin from the other cryptos?

He would be able to describe much better than I. I basically understand it but struggle to describe precisely. But I can give the basics. There are about 20,000 cryptos and they are all securities. They have a centralized group that issues the tokens and controls the protocols. If they want to issue more tokens in the same way the The Fed creates more dollars out of thin air, they are able to do so. They are under severe attack from the US government. But Bitcoin has been designated by the IRS as a commodity. There is no entity controlling Bitcoin. It is literally considered to be property in the USA. In El Salvador it is currency, but that's a different conversation.

In proof of work, the miners secure and verify the blockchain around the world and they compete to solve a math puzzle. These are ongoing. The winner gets to update the blockchain with the latest verified transactions. It gets rewarded with XX amount of Bitcoin. They are mining new coins.

The mining undergoes halvings every four years. From memory I think that 6.5 bitcoin are mined every day currently. About a year from now it will cut in half to 3.25 per day. This will go on every four years until the year 2140 when the final Bitcoin will be mined. It is specifically designed to be a digital scarcity, unlike gold and silver which are mined constantly and adding to the global supply, as well as fiat dollars which of course are always expanding and devaluing the worth of our dollars.

In the end there will be 21 million Bitcoin in circulation. There will never be more than 21 million. Nobody on earth has the power to alter this.

"Proof of stake" to my understanding is that it simply takes putting up crypto as collateral to secure a transaction on the Blockchain. Proof of work means Bitcoin is a beast that has one foot in the digital world and one foot in the physical world, to borrow from a Bitcoin writer named Gigi. There is real world physical energy backing Bitcoin transactions.

The Biden admin has shown itself to be hostile to Bitcoin but they will never be able to kill it. They are currently successful in driving Bitcoin entrepreneurs overseas to friendlier nations. The other day I heard that many American entrepreneurs are relocating to the UK and El Salvador to pursue their new businesses because the USA has become hostile since Biden came into office.

Hopefully the above explanation is somewhat clear.

So, assuming that the world's gold supply is 190,040 tonnes and 3,000 new tonnes of gold are mined a year that's a 1.6% increase. So if world GDP growth is 3% then the gold supply will be below world economic growth and gold will remain a rare commodity. That's Bitcoins selling point. Still easier to stop Bitcoin than gold however. The crypto that is based on non-fungible tokens (NFTs) like a digital picture of Justin Bieber are pure crap and are like the Dutch tulip bulb mania.

Sure, but gold has a use in manufacturing etc... Bitcoin doesn't.

Just another issue for gold greater than Bitcoin.

Sark > Ty

WestlinnDuck

The dazzler with some of that business and investment insight he got from his mythical MBA program where he learned that government control of business was the key to economic growth and that printing piles of money was not inflationary.

HHusky

WestlinnDuck said:

The dazzler with some of that business and investment insight he got from his mythical MBA program where he learned that government control of business was the key to economic growth and that printing piles of money was not inflationary.

I did learn that the gold standard fetish is inexplicable based upon how it actually worked . . . or didn't work.

But feel free Ms. Rand. Give us some of that Atlas Shrugged rhetoric.

WestlinnDuck

HHusky said:

WestlinnDuck said:

The dazzler with some of that business and investment insight he got from his mythical MBA program where he learned that government control of business was the key to economic growth and that printing piles of money was not inflationary.

I did learn that the gold standard fetish is inexplicable based upon how it actually worked . . . or didn't work.

But feel free Ms. Rand. Give us some of that Atlas Shrugged rhetoric.

So a commodity that humans have lusted after for thousands of years and across all cultures is a fetish. You should ask for your mythical tuition back as you seem to have had incompetent imaginary professors or you misremembered.

Did you buy dinner before the strawman ass phucking started.

HHusky

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

The dazzler with some of that business and investment insight he got from his mythical MBA program where he learned that government control of business was the key to economic growth and that printing piles of money was not inflationary.

I did learn that the gold standard fetish is inexplicable based upon how it actually worked . . . or didn't work.

But feel free Ms. Rand. Give us some of that Atlas Shrugged rhetoric.

So a commodity that humans have lusted after for thousands of years and across all cultures is a fetish. You should ask for your mythical tuition back as you seem to have had incompetent imaginary professors or you misremembered.

Did you buy dinner before the strawman ass phucking started.

Your response is internally inconsistent. You either are advocating for the gold standard or you aren’t, Gasbag. Which is it?

WestlinnDuck

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

The dazzler with some of that business and investment insight he got from his mythical MBA program where he learned that government control of business was the key to economic growth and that printing piles of money was not inflationary.

I did learn that the gold standard fetish is inexplicable based upon how it actually worked . . . or didn't work.

But feel free Ms. Rand. Give us some of that Atlas Shrugged rhetoric.

So a commodity that humans have lusted after for thousands of years and across all cultures is a fetish. You should ask for your mythical tuition back as you seem to have had incompetent imaginary professors or you misremembered.

Did you buy dinner before the strawman ass phucking started.

Your response is internally inconsistent. You either are advocating for the gold standard or you aren’t, Gasbag. Which is it?

Beats the hell out of printing money by the fed. And what does Atlas Shrugged and Ms. Rand rhetoric have to do with my post? And again you were wrong about gold being a fetish. Pretty much nailed it with your what I assume was supposed to be a witty response.

HHusky

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

The dazzler with some of that business and investment insight he got from his mythical MBA program where he learned that government control of business was the key to economic growth and that printing piles of money was not inflationary.

I did learn that the gold standard fetish is inexplicable based upon how it actually worked . . . or didn't work.

But feel free Ms. Rand. Give us some of that Atlas Shrugged rhetoric.

So a commodity that humans have lusted after for thousands of years and across all cultures is a fetish. You should ask for your mythical tuition back as you seem to have had incompetent imaginary professors or you misremembered.

Did you buy dinner before the strawman ass phucking started.

Your response is internally inconsistent. You either are advocating for the gold standard or you aren’t, Gasbag. Which is it?

Beats the hell out of printing money by the fed. And what does Atlas Shrugged and Ms. Rand rhetoric have to do with my post? And again you were wrong about gold being a fetish. Pretty much nailed it with your what I assume was supposed to be a witty response.

Gold has some inherent value and usefulness as a material. That’s the most that can be said for it.

You are obviously unwilling to commit on the gold standard.

MelloDawg

DerekJohnson said:

RoadTrip said:

He supports Bitcoin. Derek, can you help me understand what he means by "proof of work" and how this differentiates Bitcoin from the other cryptos?

He would be able to describe much better than I. I basically understand it but struggle to describe precisely. But I can give the basics. There are about 20,000 cryptos and they are all securities. They have a centralized group that issues the tokens and controls the protocols. If they want to issue more tokens in the same way the The Fed creates more dollars out of thin air, they are able to do so. They are under severe attack from the US government. But Bitcoin has been designated by the IRS as a commodity. There is no entity controlling Bitcoin. It is literally considered to be property in the USA. In El Salvador it is currency, but that's a different conversation.

In proof of work, the miners secure and verify the blockchain around the world and they compete to solve a math puzzle. These are ongoing. The winner gets to update the blockchain with the latest verified transactions. It gets rewarded with XX amount of Bitcoin. They are mining new coins.

The mining undergoes halvings every four years. From memory I think that 6.5 bitcoin are mined every day currently. About a year from now it will cut in half to 3.25 per day. This will go on every four years until the year 2140 when the final Bitcoin will be mined. It is specifically designed to be a digital scarcity, unlike gold and silver which are mined constantly and adding to the global supply, as well as fiat dollars which of course are always expanding and devaluing the worth of our dollars.

In the end there will be 21 million Bitcoin in circulation. There will never be more than 21 million. Nobody on earth has the power to alter this.

"Proof of stake" to my understanding is that it simply takes putting up crypto as collateral to secure a transaction on the Blockchain. Proof of work means Bitcoin is a beast that has one foot in the digital world and one foot in the physical world, to borrow from a Bitcoin writer named Gigi. There is real world physical energy backing Bitcoin transactions.

The Biden admin has shown itself to be hostile to Bitcoin but they will never be able to kill it. They are currently successful in driving Bitcoin entrepreneurs overseas to friendlier nations. The other day I heard that many American entrepreneurs are relocating to the UK and El Salvador to pursue their new businesses because the USA has become hostile since Biden came into office.

Hopefully the above explanation is somewhat clear.

I knew you were a crypto supporter, but this is impressive. My peer review says you are quite accurate.

WestlinnDuck

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

The dazzler with some of that business and investment insight he got from his mythical MBA program where he learned that government control of business was the key to economic growth and that printing piles of money was not inflationary.

I did learn that the gold standard fetish is inexplicable based upon how it actually worked . . . or didn't work.

But feel free Ms. Rand. Give us some of that Atlas Shrugged rhetoric.

So a commodity that humans have lusted after for thousands of years and across all cultures is a fetish. You should ask for your mythical tuition back as you seem to have had incompetent imaginary professors or you misremembered.

Did you buy dinner before the strawman ass phucking started.

Your response is internally inconsistent. You either are advocating for the gold standard or you aren’t, Gasbag. Which is it?

Beats the hell out of printing money by the fed. And what does Atlas Shrugged and Ms. Rand rhetoric have to do with my post? And again you were wrong about gold being a fetish. Pretty much nailed it with your what I assume was supposed to be a witty response.

Gold has some inherent value and usefulness as a material. That’s the most that can be said for it.

You are obviously unwilling to commit on the gold standard.

You obviously support just letting the fed print money over a gold standard. I don't. Gold does have a long history as a highly valued commodity. Paper money has a long and storied history of becoming worthless. Time to cash in those Confederate dollars. Apparently lessons of the Weimer Republic were skipped my your imaginary professors.

HHusky

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

The dazzler with some of that business and investment insight he got from his mythical MBA program where he learned that government control of business was the key to economic growth and that printing piles of money was not inflationary.

I did learn that the gold standard fetish is inexplicable based upon how it actually worked . . . or didn't work.

But feel free Ms. Rand. Give us some of that Atlas Shrugged rhetoric.

So a commodity that humans have lusted after for thousands of years and across all cultures is a fetish. You should ask for your mythical tuition back as you seem to have had incompetent imaginary professors or you misremembered.

Did you buy dinner before the strawman ass phucking started.

Your response is internally inconsistent. You either are advocating for the gold standard or you aren’t, Gasbag. Which is it?

Beats the hell out of printing money by the fed. And what does Atlas Shrugged and Ms. Rand rhetoric have to do with my post? And again you were wrong about gold being a fetish. Pretty much nailed it with your what I assume was supposed to be a witty response.

Gold has some inherent value and usefulness as a material. That’s the most that can be said for it.

You are obviously unwilling to commit on the gold standard.

You obviously support just letting the fed print money over a gold standard. I don't. Gold does have a long history as a highly valued commodity. Paper money has a long and storied history of becoming worthless. Time to cash in those Confederate dollars. Apparently lessons of the Weimer Republic were skipped my your imaginary professors.

Weimar had hyperinflation, and a gold standard is better than just printing money endlessly without limit. Thanks for the newsflash!

Instead of making up my argument, be direct and take a position on the gold standard. You either want it or you don't. Which is it?

Bob_C

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

The dazzler with some of that business and investment insight he got from his mythical MBA program where he learned that government control of business was the key to economic growth and that printing piles of money was not inflationary.

I did learn that the gold standard fetish is inexplicable based upon how it actually worked . . . or didn't work.

But feel free Ms. Rand. Give us some of that Atlas Shrugged rhetoric.

So a commodity that humans have lusted after for thousands of years and across all cultures is a fetish. You should ask for your mythical tuition back as you seem to have had incompetent imaginary professors or you misremembered.

Did you buy dinner before the strawman ass phucking started.

Your response is internally inconsistent. You either are advocating for the gold standard or you aren’t, Gasbag. Which is it?

Beats the hell out of printing money by the fed. And what does Atlas Shrugged and Ms. Rand rhetoric have to do with my post? And again you were wrong about gold being a fetish. Pretty much nailed it with your what I assume was supposed to be a witty response.

Gold has some inherent value and usefulness as a material. That’s the most that can be said for it.

You are obviously unwilling to commit on the gold standard.

You obviously support just letting the fed print money over a gold standard. I don't. Gold does have a long history as a highly valued commodity. Paper money has a long and storied history of becoming worthless. Time to cash in those Confederate dollars. Apparently lessons of the Weimer Republic were skipped my your imaginary professors.

Weimar had hyperinflation, and a gold standard is better than just printing money endlessly without limit. Thanks for the newsflash!

Instead of making up my argument, be direct and take a position on the gold standard. You either want it or you don't. Which is it?

Where do the limits on what is printed come from?

HHusky

Bob_C said:

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

HHusky said:

WestlinnDuck said:

The dazzler with some of that business and investment insight he got from his mythical MBA program where he learned that government control of business was the key to economic growth and that printing piles of money was not inflationary.

I did learn that the gold standard fetish is inexplicable based upon how it actually worked . . . or didn't work.

But feel free Ms. Rand. Give us some of that Atlas Shrugged rhetoric.

So a commodity that humans have lusted after for thousands of years and across all cultures is a fetish. You should ask for your mythical tuition back as you seem to have had incompetent imaginary professors or you misremembered.

Did you buy dinner before the strawman ass phucking started.

Your response is internally inconsistent. You either are advocating for the gold standard or you aren’t, Gasbag. Which is it?

Beats the hell out of printing money by the fed. And what does Atlas Shrugged and Ms. Rand rhetoric have to do with my post? And again you were wrong about gold being a fetish. Pretty much nailed it with your what I assume was supposed to be a witty response.

Gold has some inherent value and usefulness as a material. That’s the most that can be said for it.

You are obviously unwilling to commit on the gold standard.

You obviously support just letting the fed print money over a gold standard. I don't. Gold does have a long history as a highly valued commodity. Paper money has a long and storied history of becoming worthless. Time to cash in those Confederate dollars. Apparently lessons of the Weimer Republic were skipped my your imaginary professors.

Weimar had hyperinflation, and a gold standard is better than just printing money endlessly without limit. Thanks for the newsflash!

Instead of making up my argument, be direct and take a position on the gold standard. You either want it or you don't. Which is it?

Where do the limits on what is printed come from?

https://www.federalreserve.gov/faqs/how-does-the-federal-reserve-board-determine-how-much-currency-to-order-each-year.htm#:~:text=As the issuer of Federal Reserve notes, the,order based on how much demand we expect

Bob_C

Lol the first bullet point is the the tell

-how much demand we expect

The people want the money let’s give it to them.

HHusky

Bob_C said:

Lol the first bullet point is the the tell

-how much demand we expect

The people want the money let’s give it to them.

You haven't been paying attention.