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It's a matter of Bidenomics!

Discussion in 'BBS Hangout: Debate & Discussion' started by adoo, Jun 28, 2023.

  1. Xopher

    Xopher Member
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    Why? Are you going to ask him what it feels like to sleep with one?
     
  2. DonnyMost

    DonnyMost Membar
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    IMO a deflationary currency will decrease in supply to the point where it triggers the downward spiral (economic activity grinds to a halt). The currency should not outpace the value of the goods/services it is meant to buy. Bitcoin is not deflationary due to its infinitely divisible nature. 99% of its supply could be destroyed and it would still be able to function perfectly as a currency forevermore.
     
  3. astros123

    astros123 Member

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    The top 1% of bitcoin holders hold 27% of its supply. Give me a effin break. Bitcoin is nothing more than a store of value
     
    adoo likes this.
  4. astros123

    astros123 Member

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    ROCKSS likes this.
  5. NewRoxFan

    NewRoxFan Member

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    I guess Bidenomics isn't good for all stocks...

     
    ROCKSS and astros123 like this.
  6. adoo

    adoo Member

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    Bluntly put, you have no idea what ur talking about.

    Bitcoin is nothing but a fad that was started in 2009

    in the US and countries where Cryptos are not adopted, it has nothing to do withe deflation nor disinflation
    show me an economy that doesn't print money, i'll show you a El Salvador, which officially adopted Bitcoin y in 2021. since then, the Gov reserve has lost 37% of its value

    In El Salvador, bitcoin can be inflationary. deflationary an or disinflationary​

    show me an eoonomy that doesn't use fiat currency, i'll show you i'll show you a El Salvador,

    talk is cheap
    • do you know of any fiat currency that has lost 37% of its value since 2021 [​IMG]
     
    #2626 adoo, Jun 19, 2024
    Last edited: Jun 19, 2024
    astros123 likes this.
  7. Space Ghost

    Space Ghost Member

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    bItCoN iS a FaD

    meanwhile, Bitcoin marketcap : 1.2T
     
  8. DonnyMost

    DonnyMost Membar
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    This is a complete non-response devoid of substance. Do better.

    You might want to find a more recent article. The link that data is pulled from paints a much different picture now, up 50%.

    https://www.statista.com/statistics/268225/countries-with-the-highest-inflation-rate/

    https://worldpopulationreview.com/country-rankings/inflation-rate-by-country

    Turkish Lira - down 76%
    Argentine Peso - down 91%
    Surinamese Dollar - down 54%
    Sudanese Pound - down 90%
    Egyptian Pound - down 66%
    Malawian Kwacha - down 55%
    Japanese Yen - down 34%
    Russian Ruble - down 34%
    Loatian Kip - down 58%
    Sri Lankan Rupee - down 37%
    Pakistani Rupee - down 44%

    o_O
     
  9. adoo

    adoo Member

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    it's above your head


    very good eg of something that is devoid of substance​
     
    #2629 adoo, Jun 19, 2024
    Last edited: Jun 19, 2024
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  10. DonnyMost

    DonnyMost Membar
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    It's above your head :rolleyes:
     
  11. astros123

    astros123 Member

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    I'm sorry but do you think 1.2 trillion is anything substantial in the global picture? That's crumbs when it comes to global finance
     
  12. rocketsjudoka

    rocketsjudoka Member
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    That sounds like a bitcoin could essentially act like a fiat currency. If you can continue dividing it to you could then dilute the original
    Value of it.
     
    adoo likes this.
  13. DonnyMost

    DonnyMost Membar
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    I have a pizza. I cut it into 4 slices. I then cut it into 8 slices.

    Have I created more pizza?
     
    Space Ghost likes this.
  14. DonnyMost

    DonnyMost Membar
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    Considering it's the 9th most valuable asset in the world, how much does something have to be worth to be "substantial" in your eyes?
     
  15. astros123

    astros123 Member

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    These bitcoin fanboys are some of the most delusional people in the world @DonnyMost . The reality is the vast majority of bitcoin is being held by less than 1% holders. If there's anything that's manipulated it's bitcoin
     
  16. rocketsjudoka

    rocketsjudoka Member
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    You haven’t but if you’re using pizza as a medium of exchange and don’t want deflation you say that 1/8 of the pizza has the value of a whole pizza that would be inflation.
     
  17. astros123

    astros123 Member

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    Yes bitcoin is a store of value aka digital gold. Nobody disputes this. Claiming it's a currency is utter braindead. It can never have a fast enough hashrate to act as an currency. It's a good store of value and nothing else
     
  18. DonnyMost

    DonnyMost Membar
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    That's not how bitcoin works.
     
  19. Space Ghost

    Space Ghost Member

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    That is the fiat mindset. It's more important to be concerned with how many dollars you have than the quality of the money (dollar).

    In otherwords, size doesn't matter .... said nobody ever.
     
  20. astros123

    astros123 Member

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    "Quality of the dollar" lol the quality of bitcoin is fully reliant on a small group of holders who hold the vast majority of bitcoin. If yall think the dollar is rigged wait till you folks find out about bitcoin and the uneven distribution of holders
     

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