Monero is already starting to bounce. But if you’re still licking your wounds, definitely check this out before you trade, https://simplifiedprivacy.com/loss/

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[–] tusker@monero.town 2 points 9 months ago* (last edited 9 months ago) (1 children)

Thanks for the lesson but I understand more about capital appreciation than you ever will, and that is without communist indoctrination.

The only problem is that the economic prosperity of the average person has been destroyed, as I already showed, under a system guided by the insane, out of touch with reality, economic theories.

Again, the average person holds on to money as an asset. That is why real sound money that has intrinsic value, such as gold and Monero is crucial. Monero's value is the utility it provides as currency.

I can easily circumvent the dirty banker's tricks and have done so with great success, I will run circles around you when it comes to wealth and finance. My concern is for all those who are unable to do the same and are being raped by the fiat scam under this nasty communist system.

Generating money out of thin air is a scam, no matter what communist economic theories propound.

[–] ezchili@iusearchlinux.fyi -2 points 9 months ago* (last edited 9 months ago) (1 children)

Thanks for the lesson but I understand more about capital appreciation than you ever will

I'm happy that you believe that despite all the mistakes you've done in those few posts

Enjoy the cringe looking at those again when you get older

[–] tusker@monero.town 2 points 9 months ago (2 children)

Keep licking boots and making excuses for a deceasing standard of living for most people caused by your idiotic theories while the bankers laugh at you.

You will look back at your failed life and realize you were just a dupe all along who was indoctrinated into stupidity and paid for it.

[–] mariob@liberdon.com 3 points 9 months ago (1 children)

@tusker @ezchili

I so much love these intelligent polemics. You guys please go on. Don't stop here. 😆

Frankly, I have to bring my input too. While I understand the need for inflation to stimulate economic growth, I can not understand the need for illegal inflation. During planned emergencies the establishments took advantage and created inflation of over 40% in South America and even 15% in the west (the "democratic" countries).

[–] mariob@liberdon.com 4 points 9 months ago (2 children)

@tusker @ezchili

The regular 4% inflation clearly proved over time that is not beneficial. there is an alarming percentage of population which is homeless, and living in foreign houses on high rents.

Monero has a constant inflation of 1%. Actually less than that due to people that loose coins. I can not say if this is the sweetspot to both help economic growth and social prosperity. Only time can say this. NOT THE ECONOMISTS.

[–] mariob@liberdon.com 3 points 9 months ago (1 children)

@tusker @ezchili

What I can definitely say is that real assets can be stolen/confiscated from you, therefore, it does not have stable value. Monero on the other side can not be subject to these events. Monero might not be perfect but is the best we have at the moment. Satoshi themselves agree with this.

[–] ezchili@iusearchlinux.fyi 1 points 9 months ago* (last edited 9 months ago)

There's no reason to not have decentralized anonymous currencies with inflation built in. But crypto is dominated by a demand for speculative assets, not currencies, if there was one it would get zero mainstream interest

Just use fiat and stocks

[–] ezchili@iusearchlinux.fyi 1 points 9 months ago* (last edited 9 months ago)

Monero does not have a constant inflation of 1%

It tends towards 0%, while total value in the economy grows and wallets get lost

0% would bring deflationary prices everywhere.

[–] ezchili@iusearchlinux.fyi 0 points 9 months ago* (last edited 9 months ago) (1 children)

shows graph of productivity going up and wages staying down

keep posting pal

[–] tusker@monero.town 0 points 9 months ago* (last edited 9 months ago) (1 children)

You stupid moron, I posted the the chart to show that compensation has not kept up. Because if I did not you would have came back with "wages increase along with inflation"

Then the other chart shows how inflation has destroyed the purchasing power of mostly everyone. If inflation was not at criminal levels then the wage/productivity gap would not really be an issue because people would still be able to afford to purchase everything as before.

You must be some commie faggot.

[–] ezchili@iusearchlinux.fyi 0 points 9 months ago (1 children)

Got a problem with gay people, moron?

[–] tusker@monero.town 1 points 9 months ago

Just commie fags.