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I'm pretty sure the massive overridingly recognised consensus is that if you had zero inflation you're gonna completely poo poo the bed on your economy because you're incentivized to only buy what you need right now as any investment in a physical good is basically tying up money that would otherwise appreciate. Anyone that's living close to hand to mouth is never able to get beyond basic subsistence like the entire paradigm of raising capital investment just breaks completely, the only thing that works in terms of paying for infrastructures is essentially running a centralised dictatorship that tithes its citizens or enforces total control over usage
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Jun 28, 2021 12:58
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i'm glad people are coming out to show their condolences...oh, wait, they're posting that their buttcoin holdings are worth more now? who could have foreseen that a bunch of sociopaths would harp on their own wealth huh
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Jun 28, 2021 13:18
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Hammerite posted:david "assisted-living noise boy dracula of Wikipedia" gerard Be nice to DG, now; his latest blog post has a really solid take on the Lightning Network that is stripped down but also tells exactly the problems with just how stupid and convoluted the whole process is. LN is just plain dumb!
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Jun 28, 2021 13:33
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Shame Boy posted:like even trying, the only thing close to an argument I can come up with is that inflation increases prices while wages stay stagnant. except that's not something inflation's doing, it's something capital's doing. if we had a deflationary currency wages would almost definitely magically stop being stagnant and go down, completely coincidentally I'm sure Every time I see someone talking about deflation as a good thing, I remember my high school social studies teacher literally saying "I know you think that deflation sounds good, but..." before explaining why it's bad in like 5 minutes. It's not even a child's understanding of economics since all the literal children, myself included, understood why it was bad. It's the economic understanding of the pathologically incurious.
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Jun 28, 2021 14:29
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Azathoth posted:It's the economic understanding of the pathologically incurious.
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Jun 28, 2021 15:48
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Blockchain company pairs up with struggling Tour de France cycling team, and has possibly stiffed them on a three-million euro investment in the team https://www.cyclingnews.com/news/qhubeka-nexthash-and-questions-over-financial-stability/
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Jun 28, 2021 16:29
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tbf a lot of progressives get confused about the "evils of inflation" talking points as well
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Jun 28, 2021 17:10
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bitcoins disappearing is kinda tricky to evaluate - there's no external driver for any given price of bitcoin (except maybe some temporary limits imposed by cost to mine 1), so it's hard to say why the number in circulation decreasing would have an impact at all. Like company shares pay a dividend in dollars, demand for even minor currencies is generated from taxes and real economic activity, used plastic bottles can be deposited in those recycling machines. Drugs and other sorts of crime are the closest, but I suspect that's all actually done in local currency with very short lived exposure to BTC, if it hasn't already moved to stablecoins
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Jun 28, 2021 17:17
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PotatoJudge posted:Blockchain company pairs up with struggling Tour de France cycling team, and has possibly stiffed them on a three-million euro investment in the team that three-mil stiff was to another company, skillsmatter, and is cited as a reason to be wary about this sponsorship's viability but yeah, struggling cycling team, keep looking around for other funding, because crypto checks might get lost in the mail
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Jun 28, 2021 17:22
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less bitcoins in circulation making the price go up really only works when it's a fixed supply. currently there's ~900 coins made a day, which is nearly 30 million dollars worth. and even if the mining were to stop there's no way of knowing if those millions of dead butts are never going to move again oh well, i'm not going to stop bitcoiners from killing each other if they think it's the right thing to do
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Jun 28, 2021 17:43
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pointsofdata posted:bitcoins disappearing is kinda tricky to evaluate - there's no external driver for any given price of bitcoin (except maybe some temporary limits imposed by cost to mine 1), so it's hard to say why the number in circulation decreasing would have an impact at all. drugs and crime moved off bitcoin a long-rear end time ago because it's too unstable, unreliable, and not actually anonymous if they touch bitcoin at all it's very briefly, in the process of converting real money to a somewhat more useful crime coin
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Jun 28, 2021 17:47
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the real reason why butts getting locked into wallets with unknown keys doesn't matter is that no meaningful amount of them were never ever going to leave those wallets anyway. bitcoiners don't actually spend anything, they just sit on their hoards. the only practical difference between the wallet of a living bitcoiner and a dead bitcoiner is the former doesn't have someone being insufferable about it on Twitter.
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Jun 28, 2021 17:49
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Hammerite posted:I looked up "noise boy" and according to goog it's a purple japanese samurai robot stop spreading FUD Futuristic Uchigatana Deathblows
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Jun 28, 2021 17:51
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PotatoJudge posted:Blockchain company pairs up with struggling Tour de France cycling team, and has possibly stiffed them on a three-million euro investment in the team the only tour de france blockchain that matters 
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Jun 28, 2021 18:00
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I just keep imagining the bitcoin guy jumping into the ocean and immediately being swept out to sea with a "Mario falls into a bottomless pit" scream. "Uuwaaaaaghh!"
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Jun 28, 2021 18:01
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wait wait has anyone said 'i bet he wouldn't have got into trouble if he'd used a tether' yet?
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Jun 28, 2021 18:02
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Alan Smithee posted:the only tour de france blockchain that matters Man, that dude with the sign has an immaculately punchable face. I'm glad France dissapeared him. Shifty Pony posted:the real reason why butts getting locked into wallets with unknown keys doesn't matter is that no meaningful amount of them were never ever going to leave those wallets anyway. I don't have anything to add to this, but I wanted to acknowlege the greatness of the second paragraph there.
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Jun 28, 2021 18:31
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so what you're saying is that if someone were to kill a bitcoiner and hack their twitter account to keep posting moon memes no one would ever realise the perfect crime
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Jun 28, 2021 18:45
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Powerful Two-Hander posted:wait wait has anyone said 'i bet he wouldn't have got into trouble if he'd used a tether' yet? https://www.youtube.com/watch?v=pCL75wWYDDo i guess you could say he had liquidity problems
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Jun 28, 2021 18:47
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Alan Smithee posted:
bitcoin: out of his depth in a highly liquid market
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Jun 28, 2021 19:10
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at least his house isnt underwater
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Jun 28, 2021 19:18
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Paladinus posted:Hm... It seems like the most sensible thing to do if we want the best for the world is to start killing bitcoiners one by one. Each death will bring us one step closer to the ultimate freedom. Satoshi's Vision
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Jun 28, 2021 19:22
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Jonny Nox posted:Man, that dude with the sign has an immaculately punchable face. it's a woman
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Jun 28, 2021 20:02
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HappyHippo posted:it's a woman but they were disappeared by the secret french bike cabal?
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Jun 28, 2021 20:07
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Powerful Two-Hander posted:bitcoin: out of his depth in a highly liquid market
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Jun 28, 2021 20:17
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Powerful Two-Hander posted:bitcoin: out of his depth in a highly liquid market mods
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Jun 28, 2021 20:25
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Powerful Two-Hander posted:bitcoin: out of his depth in a highly liquid market
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Jun 28, 2021 20:45
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I don't want to give the impression that bitcoin is actually a liquid asset so please also consider 'his portfolio is now deep underwater'
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Jun 28, 2021 22:17
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 pan's labyrinth sequel looking cheap
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Jun 28, 2021 22:21
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remember not to eat anything *bites hammer*
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Jun 28, 2021 22:23
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pictured: auditing technique approved by tether, inc
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Jun 28, 2021 22:31
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Axe-man posted:plz be sure to imply you had a bitcoin and drug fueled orgy, k thnx my life is a nonstop nocoin fueled orgy, it's not special enough to note
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Jun 28, 2021 22:46
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Boxturret posted:
still frightening for children
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Jun 28, 2021 23:25
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Powerful Two-Hander posted:bitcoin: out of his depth in a highly liquid market
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Jun 29, 2021 00:11
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https://github.com/bitcoin/bitcoin/commit/3f56ef7bef22f0c8c94ad7e401d50b188dae2cbe not sure if this is how youre supposed to check for overflow
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Jun 29, 2021 03:42
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it’s hilarious to me that a language like solidity with built-in reasonable semantics for exceptions doesn’t make overflow throw
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Jun 29, 2021 03:46
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A man drowned, stop with the water puns already.
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Jun 29, 2021 04:40
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Paladinus posted:A man drowned, stop with the water puns already. Now you're doxxing people too? And dead ones at that??
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Jun 29, 2021 06:18
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John Rawl Tahd posted:https://github.com/bitcoin/bitcoin/commit/3f56ef7bef22f0c8c94ad7e401d50b188dae2cbe i mean, as long as it's capped at whatever the max value is, it seems fine. either way, it's good for bitscoin
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Jun 29, 2021 06:33
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Zamujasa posted:i mean, as long as it's capped at whatever the max value is, it seems fine. either way, it's good for bitscoin yeah after taking a second look i realized it wasn't a strict inequality but by then my post had cleaned out all my funds on the lightning network
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Jun 29, 2021 06:36
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