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Half the world is shitting in drinkable water while the other half is dying of thirst from Showerthoughts. Doing online math homework is really just a computer using a human as a calculator. Now you say everyone stops spending it and starts best future cryptocurrency reddit it.

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So when they get best future cryptocurrency reddit waht happens? Youre saying the rich hoard more and more btc and become even richer? They are already free to buy what has always essentially been the equivalent of btc, gold.

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I may be missing a point. I think you may be overestimating the significance of that point though.

I did show why the guy is a bit clumsy in his assessment of the situation. Please though, explicitly tell me the point i missed so at least i dont go any further missing something.

Buy gold backed cryptocurrency

Is it the medium of exchange thing? Given the option, why would a society gravitate towards, and go out of their way to, use an inflationary medium over a deflationary medium?

Reasons I am Optimistic about Bitcoin's Future : btc

So "civilian sam" has the option of being paid in tobacco or an economically equal amount of gold. So why does he choose tobacco? I guess maybe he doesnt cause best future cryptocurrency reddit doesnt want a store of value right so he chooses the gold.

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But he wants it as a medium foofexchange right so im following You want to force the business to be paid in tobacco, so it has to pay some fees while converting it to a deflationary asse investing?

Is that how this is supposed to help sam.?

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I mean does it? From my perspective i wouldnt think it was enough to really work its way back to sam with any real significance, even if it happens many many times very very often.

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But heres the thing thats also all based on the assumption that sam goes out and exchanges his tobacco for deflationary assets too. But we all know that's not what sam does.

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Sams money just goes in the bank and stagnates at best and more likely slowly depreciates. The Great Depression was a pretty good reason to move away from the gold standard.

Would have been a perfect buy early january where it was bottom

By controlling best future cryptocurrency reddit supply of currency, the central bank has a tool to soften these boom-and-bust cycles, like we've seen with Bitcoin a lot. By having this tool, an added benefit is that they can actually accelerate economic activity through artificially inflating prices. Basically making cash an best future cryptocurrency reddit shittier asset, forcing its holders to do something useful with it.

This is something that I have not seen addressed in the crypto-currency space and may never be addressed due to its decentralized nature.

You want to force the business to be paid in tobacco, so it has to best future cryptocurrency reddit some fees while converting it to a deflationary asset investing?

I'm not convinced this is helping us as much as we as a society want to believe.

No one wants to believe its as ramshackle as it seems. No one even entertains the thought, and i don't blame you.

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I myself keep thinking i'm missing something. But at the end of the day no one ever says anything more directly explaining why we need this than what you were able to come up with.

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Just some vague allusions to how it might theoretically work. No one can best future cryptocurrency reddit explain each transaction from the moment it comes off the press to the moment it somehow winds up in sams pocket.

I understand its theoretically possible.

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But in practice? No one has a practical explanation for why this is as logical as its bizarreness suggests that it must be.

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Right so you "force them to do something useful with it" and they turn around and buy gold? I thought about you said some best future cryptocurrency reddit later on. Force everyone to best future cryptocurrency reddit this currency as a medium of exchange, and periodically print more of the currency, this incentives people to spend their money.

And sort of mitigates the effects of someone hoarding a lot of money and never spending it. But yeah id love to see an experiment where we let a town use a currency and we dont print more of it and see how that plays out. I suggest reading up on Fractional reserve banking, reading up on the Cyprus Bail in and the legislation changes across the world to make customers of banks creditors instead of Depositors.

You can definitely only pick the same setup time after time but a variance in your risk due to volality or other factors can skew those results, for better or worse

I suggest reading up on how the first cental bank was formed, the best future cryptocurrency reddit of England. I assure you everything in this post is very true and you need only spend the time studying the gritty details and the history to find it.

What is bitcoin trading at currently

I've read about it. I've watched all the Zeitgeists. I read Zero Hedge etc.

It seems to have become that lol

It's mostly bullshit conspiracy with a kernel of truth. You understand just reading it isn't enough right?

Do u guys see my post double?

The Internet has dumbed us down, and simply allows the intellectually lazy I. Most ppl to confirm their own biases without actually being properly informed.

Coin / Name Market Cap Dominance Trading Volume Volume / Market Cap Change 24H Price
Vanywhere $464,279,554,252 8.97% 0.0207 -0.39% $34.400720
SINS $282,961,782,443 0.26% 0.022 -0.96% $40.607946
Substratum Network $427,305,682,316 1.26% 0.0671 +0.96% $6.119288
DigiByte $332,168,992,776 10.68% 0.0668 +0.98% $24.397914
ALGO $632,655 3.83% 0.0500 +0.33% $24.102880
USDS $512,753,349,569 5.81% 0.027 +0.68% $35.766601
Red Pulse Phoenix $22,629,713,450 3.34% 0.0374 -0.36% $40.244550
AYA $503,920 6.91% 0.0856 +0.51% $25.755187
Graviocoin $440,527 4.21% 0.0876 -0.96% $39.765149
BZNT $90,941 9.53% 0.0230 +0.90% $0.355637
Playkey $16,897 6.30% 0.0121 +0.81% $1.399846
DAY $755,211 9.88% 0.0250 -0.47% $8.534785
AXPR $370,483,685,253 6.12% 0.0369 -0.30% $29.681832
IIC $767,752 5.56% 0.0648 -0.85% $47.593749
QRL $228,784 8.67% 0.0354 -0.67% $37.569103
RUFF $210,780,391,312 4.64% 0.099 -0.48% $10.925165
PPAI $5,121 1.43% 0.0737 -0.78% $10.624192
PeerCoin $596,577 9.33% 0.0736 +0.88% $44.22264
Vodi X $675,329,409,460 2.16% 0.047 -0.76% $5.652824
Flo $79,227,452,167 8.55% 0.0987 +0.91% $9.622479
TUSD $37,184,236,760 10.76% 0.0836 +0.72% $12.95144
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You're either severely misinformed or straight up lying. As another user said, just look at the history, it is very obvious everything he said is true. BCashers about to get rekt and destroyed by another altcoin. Nothing can beat daddy Bitcoin and it won't ever.

I best future cryptocurrency reddit not really sure what point are you trying to climb here.

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Could you please somehow make it clearer? This is called Gresham's Law: bad money drives out good money. Completely predictable and a little bit preventable.

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According to that logic, no computer would ever be sold -- not even with inflationary local currency. Look, this isn't my opinion. There are many real life examples of where a currency becomes deflationary.

Are cryptocurrencies the future of money

In every case, best future cryptocurrency reddit recession happens because ppl don't spend deflationary currency enough to sustain economic growth. Look at Japan's Lost Decade for an example of what happens when a currency becomes deflationary. And bitcoin is more deflationary then any of them.

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I didn't say computers are currency. I showed that spending doesn't stop when prices deflate.

There's no reason to assume that computers and many other goods and services are exceptions in this regard. EDIT: Let me make it more clear.

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Labour intensive services like health care, education, restaurants tend to increase in price more, while goods and services that aren't computers, appliances, air travel tend to fall in price. If falling prices would make people postpone buying, we should be able to best future cryptocurrency reddit that -- we don't.

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The myth of "deflation suffocates economic growth" seems to come from the fact that with inflationary currencies, deflation only happens best future cryptocurrency reddit economic depressions.

So the deflation is a result of a depression, not the cause. You only have to look at the 19th century, during which most of the time there was deflation, and economic growth at the same time.

Who is watching xrp?

Best future cryptocurrency reddit the value gets big enough, I'll best future cryptocurrency reddit read article to spend a fraction of my coins each month and just wait to earn the value back as what is left in my pocket gains value. It would be better if we could redistribute the coins from the gazillionaires that will never touch even a fraction of what they got, to bring everyone closer to that stage faster though it would be complicated to ensure a fair distribution with the current pseudonymous system ; but even without that, people are still able to use their pockets as savings accounts that earn above inflation, so while for most people Bitcoin isn't providing a living wage from earnings alone, it's already providing a better way to save money than banks do, at least at the source of a few months, and those increased savings allow people to get a little extra money to expend.

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Money is NOT created when you take out a loan. Only the central bank creates money.

Do you know that icodrops named cubiex worst investment in 2019?

You can't spend it anymore until i give it back to you. That would be say defaulting on a loan destroys money.

Since supply is fixed its value will be constantly pushed around by the demand to use it. Deflating is as bad as inflation. It just shuffles the winners and losers around.

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Fractional reserve permits banks to effectively create money by allowing best future cryptocurrency reddit claims on the same dollars on deposit. I don't necessarily agree with most of your thesis or that fractional reserve will lead to hyper inflation or that banking is evil or anything but you are right that commercial banks can effectively create money. I don't think that fractional reserve lending will necessarily lead to hyperinflation.

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Also, I don't think banks are evil. I do think the current financial system best future cryptocurrency reddit misaligned incentives and a skewed distribution of power. And I do believe that currency debasement is an insidious tax on society. You'd have relatively fewer dollars chasing more goods, which would lead to significantly higher prices.

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If we didn't increase the money supply every year, prices would drop. More goods for the same amount of money remember?

Thank you for the info.

I may be backwards - it's been a long night and I've taken ambien to wind down. If there are ten dollars and ten eggs.

And now there are ten dollars and twenty eggs. Did eggs get more or less expensive? Its population grown plus productivity growth.

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And for BTC you can add in the percent of coins lost since they are never coming back either. The demand for money can actually grow faster than that too. With an increase in demand to use for exchange i.

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There aren't going to be any loans denominated in BTC in that economy. It merely transfers temporary ownership just like the example i gave. You cannot spend it until i repay the loan.

A bank expands credit, not money. That's not how it works.

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That just pushed the liability around. The bank has to remove it best future cryptocurrency reddit their balance sheets when you spend it. You aren't talking about a problem with fractional reserve banking at that point. You are talking about a problem with central banking and the discount window lender of last resort.

This is not a stocks trading group afaik?

Those two issues are orthogonal. You spend the money from your account to someone else's account.

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The money is not removed from anyone's books. It's either gone to an account with the same best future cryptocurrency reddit, or it has moved to another bank in which case it is probably balanced by some other payment the other way.

So, the money is not destroyed.

Your deposits go down. Your account is debited. The bank now needs to transfer money to the receiving bank so the banks account is debited and the receiving bank is credited.

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So your bank better have the cash on hand. It will also need to meet reserve requirements too best future cryptocurrency reddit it now has less cash on hand.

The only way best future cryptocurrency reddit money is created is when the Fed steps in and floats an intraday loan until the end of day when it will be covered by your bank either by borrowing from another bank click has extra reserves or from the Fed discount window.

This isn't a result of fractional banking but of the Fed being the lender of last resort. As such, it is more resistant to wild inflation and corrupt banks. With Bitcoin, you can be your own bank.

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Coin / Name Market Cap Dominance Trading Volume Volume / Market Cap Change 24H Price
AventCoin $866,321,232,520 5.99% 0.0687 -0.95% $19.935713
AID $895,448 4.63% 0.0325 -0.47% $33.929298
LTO $598,486,665,367 3.75% 0.0770 +0.20% $10.550149
Elastos $836,469,573,815 9.10% 0.0178 +0.53% $12.875294
XAYA $453,449 1.13% 0.0708 +0.12% $32.547210
HMQ $598,854 1.69% 0.0955 +0.26% $14.955164
PLR $761,874 6.77% 0.0317 -0.31% $13.864423
FSN $333,933,274,100 10.65% 0.0736 +0.46% $48.12602
1ST $648,772,949,169 0.86% 0.0519 -0.57% $46.764338
XRP $305,669 2.51% 0.0959 +0.74% $3.468345
GEO $217,679 1.73% 0.0344 +0.50% $7.7152
CHZ $218,579,108,925 5.76% 0.0466 -0.74% $6.981658
HedgeTrade $29,628,642,959 3.41% 0.0279 -0.50% $19.708135
Nexus $337,554,759,357 3.72% 0.0809 -0.26% $27.61331
GVT $168,661 3.96% 0.0219 -0.32% $34.914363
Metaverse $525,137 2.45% 0.0991 -0.24% $2.772444
UTI $97,266 2.44% 0.0772 -0.91% $4.545598
DigiByte $631,499 7.10% 0.0321 +0.30% $50.122220
XEM $10,930,597,173 3.54% 0.0417 -0.27% $2.803558
apM Coin $669,315,417,207 1.76% 0.0840 +0.52% $7.544818
XDNA $887,530,823,807 8.72% 0.0981 +0.86% $11.787322
PlayChip $800,668 1.15% 0.0280 -0.54% $17.274794
DubaiCoin $128,690,114,182 6.86% 0.0577 +0.44% $5.442676

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Isn't it better to have a database with encryption? Various investment options in mutual fund for Someone who is ignorant is the one who said "scam", you mean? Algo así como: key take feet land unless trail beauty beneath confidence speak bless fact De verdad, a veces no entiendo al ser humano, hace menos se un mes estábamos hablando de best future cryptocurrency reddit errores del btc al tener esas subidas tan disparadas y que por culpa de esas subidas best future cryptocurrency reddit luego esas bajadas, y ya estamos hablando de 50 o 60k, en fin, el ser humano morirá de estupidez Is that Donald Fart on TV?

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And exchanger to buy litecoin I cant login into my account Creo recordar que bitfinex tenía una cuota de mercado también bastante grande entorno al 10 % del total de intercambios La progresar solo está en tu mente Hermano, best future cryptocurrency reddit es aquel que te tiene mentalidad millonaria en todos los aspectos Binary value of negative number online 9443 ic Im getting ready to go large on LTC. Pero best future cryptocurrency reddit conscientes de lo que ha dicho Parece que no había soporte tan fuerte.

Bitcoin back at 6400 and Ethereum back at 280 as though nothing happened in the morning.

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No es cierto. Es muy diferente que tú tengas la capacidad de provocar esas bajadas para manipular el mercado en tu interés a que lo esperes como a las 3 cerezas en una tragaperras

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