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I recommend implementing StrangeCoin on the forums first. Imagine if you had a system whereby you could endorse and inhibit the posts of others, and the net number of posts never changed. Perhaps the net number of posts in a given thread would change non-linearly at first as people mine new posts, but then would be limited by a cap, after which inhibited posts would disappear in favour of endorsed posts, only to re-appear in a poorly-endorsed thread elsewhere on the forums.
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# ? Mar 31, 2014 15:21 |
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# ? Dec 10, 2024 04:16 |
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DrSunshine posted:So, uh, speaking as someone who majored in Earth Sciences and tried reallllllly hard to read the OP and the subsequent posts... if I understand it correctly, the OP describes basically a system where the money is on fire? And whenever you buy something with it, some of the pieces fall off and you get more flaming money? So the faster you play the game of hot-potato, the more flaming money you can make? Pretty sure Heinlein? or was it Niven? Anyway, one of those sci-fi guys wrote an essay about the Radium standard. Where you were provided with compelling incentive to move your money as quickly as possible, and not to let too much of it pile up in any one place...By Atomic Physics! I think it was supposed to be a joke. It was also short, abundantly clear on the first reading, and explained what concerns it addressed, and why. That may argue against it. Slo-Tek fucked around with this message at 15:26 on Mar 31, 2014 |
# ? Mar 31, 2014 15:22 |
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RealityApologist posted:I'm not calling you lazy, I'm accusing you of failing to have any conversational charity. I ask you three times to address the fact that your currency gives everyone infinite money at all times and you still don't have an answer to it. You keep blaming me for being mean and for not helping you enough when I'm actually helping you as much as I can by showing you that your idea is fundamentally flawed and should be abandoned. You don't realise this though because you've been too busy masturbating about how many paradigms you're shifting to actually look at things with a critical eye and thinking about what can possibly go wrong. Now let's all watch as you continue to ignore all of the massive problems with your idea and instead post essays about how it's going to synergise with crowd-sourced self-organising social networks that are indistinguishable from the output of the post-modern essay generator.
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# ? Mar 31, 2014 15:30 |
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Contra Duck posted:Now let's all watch as you continue to ignore all of the massive problems with your idea and instead post essays about how it's going to synergise with crowd-sourced self-organising social networks that are indistinguishable from the output of the post-modern essay generator. The patented *coin strategy. Brought to you by Von Mises: Where literally making poo poo up and ignoring your critics is key to survival and propagation of your flawed hypothesis
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# ? Mar 31, 2014 15:32 |
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karthun posted:RealityApologist/Estrada is a philosophy grad student. To be fair, if you ran a philosophy department, wouldn't you keep an Eripsa around for essentially infinite laughs and examples of what not to do?
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# ? Mar 31, 2014 15:34 |
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RealityApologist posted:Strangecoin mining is modeled on bitcoin mining. There are a finite amount of bitcoins, and once they are mined there are no more bitcoins. There's also a finite amount of Strangecoin, and when they are minded they are deposited into TUA, and once they are all mined there aren't any more. Good Citizen posted:The switchover. My god, the transition. Can you even begin to imagine how the transition from pure cash to pure coins would work? It would be god drat financial Armageddon. I can't even begin to describe the problems here while phone posting on my way to the office.
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# ? Mar 31, 2014 15:35 |
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fade5 posted:This, this, loving this. Even if a system is a marked improvement over what we have, trying to implement something new is essentially impossible. During the debt ceiling crisis (both of them) it was mentioned that the US financial system is pretty much running on 1970's coding and technology, with less than 200 people even knowing how it works or how to modify it. The system works that way because it was designed to be backwards comparable with loving punch cards, and any glitches caused by upgrading to a modern system would throw the world economy into chaos. That's something that needs an upgrade, and we still aren't going to do it until we absolutely have to. Yes, and its a loving awful system. It was awesome back when it was first put into production, and did its job well while allowing older financial systems to integrate into it. Now is a rotting behemoth that is basically tying the financial industry down. Have seen a couple of these systems, its mind boggling that they still hold together. Its laughable that *coiners still think that Bitcoin or some of its ilk will EVER replace such a structured and rigid system.
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# ? Mar 31, 2014 15:39 |
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fade5 posted:This, this, loving this. Even if a system is a marked improvement over what we have, trying to implement something new is essentially impossible. During the debt ceiling crisis (both of them) it was mentioned that the US financial system is pretty much running on 1970's coding and technology, with less than 200 people even knowing how it works or how to modify it. The system works that way because it was designed to be backwards comparable with loving punch cards, and any glitches caused by upgrading to a modern system would throw the world economy into chaos. That's something that needs an upgrade, and we still aren't going to do it until we absolutely have to. Kinda explains why people are desperate to design something better.
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# ? Mar 31, 2014 15:39 |
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A Fancy 400 lbs posted:To be fair, if you ran a philosophy department, wouldn't you keep an Eripsa around for essentially infinite laughs and examples of what not to do? Maybe he's actually good at philosophy? I honestly wouldn't know. I don't walk around pretending I can evaluate and completely redefine disciplines I don't know poo poo about. Imagine that
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# ? Mar 31, 2014 15:41 |
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Zombywuf posted:Kinda explains why people are desperate to design something better. True, but the problem is almost all of these groups doing so, do so with NO knowledge of how such a system actually works, and base it solely on how paper currency functions, with no respect to the intricate and complex system that backs it.
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# ? Mar 31, 2014 15:42 |
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Slo-Tek posted:Pretty sure Heinlein? or was it Niven? Anyway, one of those sci-fi guys wrote an essay about the Radium standard. Where you were provided with compelling incentive to move your money as quickly as possible, and not to let too much of it pile up in any one place...By Atomic Physics! It was Niven http://www.larryniven.net/stories/roentgen.shtml It isn't the worst idea in the world though that is only the case because strangecoin is worse
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# ? Mar 31, 2014 15:43 |
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CommieGIR posted:True, but the problem is almost all of these groups doing so, do so with NO knowledge of how such a system actually works, and base it solely on how paper currency functions, with no respect to the intricate and complex system that backs it. Because the ones who know how it works rigged it in their favor and this have no incentive to change it Death is certain
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# ? Mar 31, 2014 15:44 |
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Fried Chicken posted:Because the ones who know how it works rigged it in their favor and this have no incentive to change it ...not really. The system is too chaotic for one person to really grasp how it functions, we can estimate rises and falls and know how to influence them, but we have no exact control over the entire system. There are too many competing interests in the infrastructure to really re-design it right now.
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# ? Mar 31, 2014 15:48 |
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Good Citizen posted:Maybe he's actually good at philosophy? I honestly wouldn't know. I don't walk around pretending I can evaluate and completely redefine disciplines I don't know poo poo about. Dadaist art sought to divorce art from order and logic. Eripsa does the same to language, but much more effectively.
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# ? Mar 31, 2014 15:52 |
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A Fancy 400 lbs posted:Dadaist art sought to divorce art from order and logic. Eripsa does the same to language, but much more effectively. Truly we are in the presence of an artiste.
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# ? Mar 31, 2014 15:54 |
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You should honestly do like every other person who makes a bitcoin clone and: *Post this on the bitcoin forums *Premine *Launch the bitcoin clone *Sell once enough shills buy in You have a lot of words here. Bitcoiners like that. They'll look at the words and say "look at how complicated these words are, these words create value", and buy them.
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# ? Mar 31, 2014 16:06 |
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quote:1. Why is it desirable for income to equal expenses rather than exceed it? RealityApologist posted:1. Because there's a cap on balances, and when you hit that cap all the modifiers to your income (which make you a desirable partner in a transaction) vanish. That doesn't prevent people from hitting the cap, but it provides a pretty strong incentive to avoid it. How has no one commented that he didn't actually even bother to answer the first two questions, but instead seems to have answered some completely DIFFERENT set of questions? Seriously, dude, why is what you are describing desirable. Until you've actually created a justification for why others might want to even *begin* to consider your idea, what is the point? Especially since you clearly don't appreciate criticism, I don't understand why you've even bothered to post about this.
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# ? Mar 31, 2014 16:08 |
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OP, it may seem like we are criticizing you but you are actually just experiencing non-linear support.
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# ? Mar 31, 2014 16:13 |
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CommieGIR posted:True, but the problem is almost all of these groups doing so, do so with NO knowledge of how such a system actually works, and base it solely on how paper currency functions, with no respect to the intricate and complex system that backs it. I don't think I've seen a cryptocurrency based on the idea of how paper money functions, they're based on the shiny rock principle.
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# ? Mar 31, 2014 16:18 |
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Escolopendra posted:Wait a moment, what is the basis exactly for fearing future cyborg discrimination? There are people right now with mechanical prostheses, and they don´t seem to be objects of hate and discrimination. Eripsa's entire basis for such fears were his own feverish sense of self-importance, and hopes to somehow shame those of us laughing at our lunatic ideas by comparing himself to civil-/gay-right activists. Oh, and someone used the term "glasshole" to describe a particularly obnoxious Google glass wearer, which is clearly equivalent to a Jim Crow lynch mob.
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# ? Mar 31, 2014 16:19 |
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Zombywuf posted:I don't think I've seen a cryptocurrency based on the idea of how paper money functions, they're based on the shiny rock principle. Well, that too. The idea is you are handing someone something of some inherit worth (like a USD), but its that exact problem that basically screws bitcoin: Bitcoin is only as good as the real currency you can extract from it. Bitcoin by itself is worthless.
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# ? Mar 31, 2014 16:24 |
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ozmunkeh posted:Wait, wait, wait. What if... Parkour Lewis Can't Lose e: oh crap a whole new page just appeared; sorry ee: fade5 posted:Ah, there we go, deflationary currency. The Bitcoin threads explained repeatedly why a deflationary currency is a very bad idea and pretty much tore it to shreds. I'm not sure if it will make a difference to anyone, but the very simple gist is that a deflationary currency discourages spending; if you're money's going to be worth more tomorrow, why would you spend any more than you absolutely have to today? Since consumer spending is the bedrock of an economy, any deflationary currency will have a dysfunctional economy at best, with those who have vast stores of wealth (the rich) being the best off, and those with little wealth (the poor) being the worst off. Ah, but here's the clever part to handle the bolded bit: if you have too much hoarded money, right, it sort of evaporates! See, told you this was a clever coin. Perfidia fucked around with this message at 16:33 on Mar 31, 2014 |
# ? Mar 31, 2014 16:30 |
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Who What Now posted:If the balance of coins doesn't matter then there is no reason to mine them. Simply have [X] amount from the start, rather than starting with [X/y] amount and "mining" from there. Yeah that's pretty baffling. Like if you can't just ex nihilio up money if there's a finite quantity (unless whatever magic Strange+ accounts your mutual trading created is borrowed against discovery of future Coinz). So basically you have a system that reaches Peak Coin, then all the Coinerz start cannibalizing each others' balances in an effort to keep someone else's Mutually Beneficial Burger Transaction (MBBT) from draining your non-linear account? So basically, the MBBT endgame is huge zombie botnets autotrading small amounts to keep you in the game? In an effort to combat this Strange apocalypse, I'm debuting CookieCoin: an accelerationist currency that is non-deflationary, nutritive, and delicious. I am having problems solving liquidity issues with CookieCoin. Please advise. FilthyImp fucked around with this message at 16:37 on Mar 31, 2014 |
# ? Mar 31, 2014 16:31 |
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RealityApologist posted:
OK I actually got annoyed at this. But then I started really thinking about it and realized the power Eripsa has just awarded to us. We don't need to understand disciplines, we just need to dimly perceive that there's bad methodology going on (understanding of that methodology required: zero) and that something else is "around the corner." Then we're Newton! With this in mind, I'd like to award myself the title of petroleum engineer, those guys make bank. I don't really have the background but I understand that oil is dirty and finite and something else like wind or rainbows is "just around the corner." Employ me BP! I no longer need the weirding module.
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# ? Mar 31, 2014 16:32 |
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SedanChair posted:With this in mind, I'd like to award myself the title of petroleum engineer, those guys make bank. I don't really have the background but I understand that oil is dirty and finite and something else like wind or rainbows is "just around the corner." Employ me BP! I no longer need the weirding module.
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# ? Mar 31, 2014 16:37 |
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Zombywuf posted:I don't think I've seen a cryptocurrency based on the idea of how paper money functions, they're based on the shiny rock principle. It's because we already have a secure, stable, easily usable and robust currency, they're called Federal Reserve Notes* *replace with Pounds Sterling or Euros as applicable icantfindaname fucked around with this message at 16:49 on Mar 31, 2014 |
# ? Mar 31, 2014 16:38 |
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FilthyImp posted:I am having problems solving liquidity issues with CookieCoin. Please advise. I'm looking forward to having this discussion. We can have this discussion. *rides into sunset*
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# ? Mar 31, 2014 16:40 |
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Good Citizen posted:Maybe he's actually good at philosophy? I honestly wouldn't know. I don't walk around pretending I can evaluate and completely redefine disciplines I don't know poo poo about. No he's pretty godawful as far as justifying his argument is concerned. From the purely philosophical perspective there is an overwhelming presumption in favour of the fact that we will retain our current monetary system (given how much people are invested in it). This has the handy effect of shifting the burden of proof onto him to justify not only that this system can undo the relative apathy people have to this topic but by also allaying the concerns of potential lost values in millions of man hours of work hours made useless by this new system. In short, he requires one hell of an argument to justify switching systems beyond 'well my 'compression' system emphasises different things'. As far as I can tell he has to do the following to make an argument even worth considering by anybody sane and serious. -Understand the current system at an extremely complex level beyond what most economists can in order to perceive wholly the flaws contained. -Demonstrate to the wider academic community and then the public that these flaws are so cripplingly massive that essentially the entire system is considered doomed anyway. This then allows more scope for detaching people from their savings and investments. -Once the scope of the debate has opened up to alternatives to our 'doomed' system, he then has to prove that his new system adequately avoids the pitfalls of the old system whilst also preventing any other critical flaws from arising. So far I have seen none of this and am extremely skeptical about anyone being able to satisfactorily meet those conditions. a neurotic ai fucked around with this message at 16:47 on Mar 31, 2014 |
# ? Mar 31, 2014 16:41 |
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icantfindaname posted:It's because we already have a secure, stable, easily usable and robust currency, they're called Federal Reserve Notes. Who's 'we' yank?
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# ? Mar 31, 2014 16:43 |
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Zombywuf posted:Who's 'we' yank? You. Do you live on Earth?
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# ? Mar 31, 2014 16:47 |
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Zombywuf posted:Who's 'we' yank? fixed my post just for you
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# ? Mar 31, 2014 16:48 |
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If anyone still has that short-story posted in one of the OP's last threads about the Attention-based Society and the big Cat Video Gundam vs Porno-Titan battle please post it. This is a perfect time to reread it and I wanna share it with some friends.
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# ? Mar 31, 2014 16:49 |
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SedanChair posted:You. Do you live on Earth? I use 5 currencies on a regular basis*, none of them a federal reserve notes. * 4 of which are pegged to the 5th.
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# ? Mar 31, 2014 16:51 |
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Zombywuf posted:I use 5 currencies on a regular basis*, none of them a federal reserve notes. Riot points, wow gold, ISK and Steam Wallet funds don't count.
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# ? Mar 31, 2014 16:55 |
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Who What Now posted:If anyone still has that short-story posted in one of the OP's last threads about the Attention-based Society and the big Cat Video Gundam vs Porno-Titan battle please post it. This is a perfect time to reread it and I wanna share it with some friends. Your wish is my command, in this and only this specific instance: Cefte posted:Attention Deficit Disorder For those of you who are having their first go-around with Eripsa's feverish lunacy, I highly recommend reading the thread that really started all this, or at least clued us in that he and reality have been seeing other people for some time now.
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# ? Mar 31, 2014 16:55 |
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Ocrassus posted:Riot points, wow gold, ISK and Steam Wallet funds don't count. I wouldn't go telling the Scots that their 3 currencies are equivalent to a Steam Wallet.
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# ? Mar 31, 2014 17:06 |
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This is somehow worse than Bitcoin---the original Bitcoin whitepaper actually explained in a technical sense what it was setting out to achieve, and how it would be done: https://bitcoin.org/bitcoin.pdf By presenting it as such, people could actually debate the technical merits of Bitcoins as well as the economic merits. Technically, it was a surprisingly sound idea, but from an economic perspective it's real dumb. That part was clearly outside of the author's area, so it's not surprising. With Eripsa's ideas, there is neither a technical or economic structure presented---he can't express either "How is this implemented exactly?" or "Why is *this* something worth implementing?". The details of implementation have always been anathema to him, presumably because they are completely outside of his field / he's an "ideas guy". So, we end up with some useless metaphors, a couple of "equations" that below the level of intro econ. In fact, I can only come to the conclusion that he hasn't bothered to study any Economics, because I don't think he's heard of utility theory. Or maybe he has, and dismissed it because it actually uses math. The latter question, "Why should we do this?" is also never answered. At best, we are told, "Well, our system now is bad!" or "Lossy compression!!!". It's worth noting that the "compression" metaphor is particularly relevatory--it insinuates cause and effect in order to make things more seem "technical", instead of admitting that concepts such as "value" are emergent phenomena of a distributed system. So, we are presented with a dilemma--the same dilemma, in fact, that was present in the Attention Economy thread(s): We can't criticize the technical aspects, because they are not sufficiently well-defined to make informed critiques. If someone decides to make a bunch of wild suppositions and say "Well, I guess if we assume A, B, and C then maybe you could squint your eyes and assume that D is plausible", Eripsa will latch on and declare that someone finally "gets it". He will do this multiple times, with multiple sets of irreconcilable assumptions. The only conclusion is that he is a technical evangelist who is incapable of technical work, and is desperate for others to fill in the blanks of his idea. The same dilemma affects the "why?" side of this---the question is irrelevant to him, because his idea is Good and it is Smart. He is looking for us to tell him why is idea is good instead of calling it poo poo-stupid. TL;DR--Eripsa once again has a solution in need of a problem. Slanderer fucked around with this message at 17:12 on Mar 31, 2014 |
# ? Mar 31, 2014 17:07 |
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Captain_Maclaine posted:Your wish is my command, in this and only this specific instance: Awesome, thank you! You're a good person.
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# ? Mar 31, 2014 17:08 |
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Sometimes it makes me sad that people are going into debt to sit in a classroom listening to Eripsa. Or at least they used to. There's something broken in whole disciplines of academia.
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# ? Mar 31, 2014 17:13 |
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# ? Dec 10, 2024 04:16 |
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Serious reply in between laughing really hard:Kilty Monroe posted:What would be real-world examples of coupling and inhibition? I'm having a little trouble penetrating the overly technical language, but they appear to be agreements between two people that end up pulling extra money out of the Monopoly bank rather than each other, and I'm not aware of anything similar in reality. The Universal Account can loosely be thought of as the Fed (disclaimer: this is a retarded analogy but I'm not going to give Eripsa more precious attention by coming up with something more accurate). The Fed distributes money to banks at the prime rate. If the prime rate falls, the banks get cheaper (more) money = coupling. If the prime rate rises, they get less = inhibition. Another real world example of coupling is OPEC, which successfully distributes more money amongst all of its members by cartelizing a key resource. I know it's shocking that this dumb idea might have unforeseen problems if applied to everything IRL but here we are! quote:Also, if there really is no functional difference aside from the balance cap, but this system would still result in hyperinflation, then would just imposing a wealth cap in the real world also result in hyperinflation? As someone put it, the system here imagines that money is literally on fire and *must* be spent at the risk of losing it. This naturally results in massive evasion or shockwaves of utterly socially useless spending on garbage or both. It certainly introduces hyperinflation at the basic income level. You can get around this by also implementing rigid price controls on everything, preventing your citizens from trading with the outside world and very harsh penalties for doing anything with money without prior approval. This particular "innovation" might even work on the consumer level. Ask the Soviets how well that model worked when applied to actual industrial output.
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# ? Mar 31, 2014 17:13 |