this post was submitted on 26 Aug 2024
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[–] ganksy 130 points 2 months ago (2 children)

Our industry as a whole will cease to exist if Trump doesn’t win

That'd be the cherry on top

[–] [email protected] 74 points 2 months ago (3 children)

industry

An industry that utilises real resources and to make... nothing?

[–] ganksy 48 points 2 months ago (1 children)

The overlap of the people who complain about the Fed creating money is almost 1:1

[–] [email protected] 0 points 2 months ago (2 children)

Because inflation and deflation are exact opposites...

[–] [email protected] 6 points 2 months ago* (last edited 2 months ago)

Inflation and deflation have very little to do with making new money. It's a measure of the cost of goods and services, each given a weight based on an estimated effect on purchasing. The largest thing effecting inflation right now specifically is companies increasing profits massively while providing less to the consumer, like groceries, rent, cars, etc. These companies make more and more money by increasing costs, hence the inflation.

[–] [email protected] -1 points 2 months ago (1 children)

“Because bullshit and reality are exact opposites.”

“Because a rando’s take on economics and actual economics are opposites.”

See how that works? I can keep going…

[–] [email protected] 1 points 2 months ago (1 children)

How does that, in any way, apply to the other commentors remark?

[–] [email protected] -4 points 2 months ago* (last edited 2 months ago) (1 children)

You replied with bullshit so I pointed out the fallaciously BS aspect of your reply.

What are you confused about?

[–] [email protected] 2 points 2 months ago* (last edited 2 months ago) (1 children)

How is it bullshit to point out the fact that supporters of Bitcoin, which has a fixed supply, would obviously be critical of printing off more of a fiat currency?

[–] [email protected] -4 points 2 months ago* (last edited 2 months ago) (1 children)

How is it bullshit to point out that someone’s argument is bullshit?

Keep whining about fiat BS just as other have for nearly a century.

But but but they print money just like they did before I was born! But but but problems! Glen beck said gold! But but but!

[–] [email protected] 2 points 2 months ago (1 children)

How is it bullshit to point out that someone’s argument is bullshit?

Yes, that is exactly what I just asked you. Are you capable of answering the question, or is shadow-boxing the best you can do?

[–] [email protected] -4 points 2 months ago* (last edited 2 months ago) (1 children)

Sounds like we’re in a loop.

So let’s take it up a level.

You think printing money is the issue why?

Do you have a link for us to buy gold bars?

Sidebar: I hate Lemmy’s inbox and knowing what the hell happened

[–] [email protected] 2 points 2 months ago (1 children)

We're not in a loop, you just wanted to call what I said bullshit without understanding it. Once I explained it, you realized you were wrong, and are now trying to pivot.

[–] [email protected] -1 points 2 months ago (1 children)

Because inflation and deflation are exact opposites...

I’m not wrong and you are offering “fisher-price-my-first-Econ”

You just keep trying to salvage shit despite me giving you an out. This is a loop stemming from a negatively ranked comment that started the thread. While you keep doubling down on shit

[–] [email protected] 1 points 2 months ago (1 children)

I clarified it for you:

How is it bullshit to point out the fact that supporters of Bitcoin, which has a fixed supply, would obviously be critical of printing off more of a fiat currency?

Explain how that's bullshit. Or keep shadow-boxing. Up to you.

[–] [email protected] -3 points 2 months ago (1 children)

This is not worth it.

You’re asking me to explain why bitcoin supporters would support bitcoin?

I get it! You call the world a fiat printing bs machine. Im sorry im not directly refuting that. All in due time.

In the next five minutes are you okay with tostadas while the man dives from a cave? Why are you so upset?

[–] [email protected] 1 points 2 months ago* (last edited 2 months ago) (1 children)

This is not worth it.

And yet you keep engaging, despite not even being the person I replied to in the first place.

You’re asking me to explain why bitcoin supporters would support bitcoin?

Of course not. Let me spell it out for you again:

The person I replied to tried to use bitcoin supporters complaining about the Fed creating money as a gotcha.

I explained how that doesn't land because:

supporters of Bitcoin, which has a fixed supply, would obviously be critical of printing off more of a fiat currency.

Then you called it bullshit, but have been incapable of explaining why that is. Instead choosing to shadow-box with made up arguments.

[–] [email protected] -1 points 2 months ago* (last edited 2 months ago) (1 children)

So you’re saying that you do not prescribe to bitcoins approach?

You believe that it’s all bullshit and are not saying the whole world’s financial systems are about to topple on a whim?

[–] [email protected] 1 points 2 months ago (1 children)

So just shadow-boxing it is then. Carry on.

[–] [email protected] -1 points 2 months ago

I mean the shadow is pretty clear. You offer no substance.

[–] Agent641 10 points 2 months ago (1 children)
[–] Plum 15 points 2 months ago (3 children)
[–] [email protected] 6 points 2 months ago (2 children)

I read somewhere that he made a few million on them. It blew me away. It does not compute.

[–] SacralPlexus 8 points 2 months ago (1 children)

It does compute if you realize the buyers were probably foreign governments and businesses. If Trump suddenly gets a $3M check from someone that might raise eyebrows, leak to press, get picked up by law enforcement. Trump makes $3M in sales of an imaginary thing online - well that’s just business.

[–] [email protected] 4 points 2 months ago

Okay, that does make more sense.

[–] Plum 5 points 2 months ago* (last edited 2 months ago)

He's the king of the quick cash injection. He's that last little turd that won't flush, no matter how many frauds and bankruptcies and treasons and sexual assaults he's perpetrated and I Do Not Understand.

[–] [email protected] 4 points 2 months ago

No they don’t, shady foreign influencers just launder their payments through this crap.

[–] [email protected] 2 points 2 months ago

Mostly I'm a market socialist kind of guy, but some markets need to send the customers straight to the reeducation camps.

[–] TheEighthDoctor 2 points 2 months ago* (last edited 2 months ago)

An industry that utilises real resources and to make… nothing?

Marketing? Advertising?

[–] Neon 1 points 2 months ago

Their Industry is investement-banking if we're honest

It will never die. Bitcoin will, because it will be killed by the Industry itself since Bitcoins are inherently worthless since they aren't backed up by anything.