Only when you keep the gold. For example the Vikings when they went off to steal, they stole lots of gold. But when they got back to the village they would hold a big feast for everyone and they would waste all this money.
If they spent it in the village the wealth is still in their economy so it's fine. Spending gold doesn't make it disappear. Rome did that and it worked well. It's fine unless you have jews living in your village.
Rome is still doing it today. Only now it's not called Rome any longer, but America. The fasces is an old symbol that had its origin in the Etruscan civilization and was passed on to ancient Rome, where it symbolized a Roman king's power to punish his subjects.
Yes, Rome passed the Caesar on to both Russia (Csar) and Germany (Kaiser), where it was forcibly taken by America (Czar). For details, search "Chronology" at c/Christianity.
No, it's a retarded incoherent premise that betrays lack of financial understanding. Nothing to do with how bitcoin is performing currently.
People use both gold and bitcoin, as well as other assets to store value. They invest their fiat money into those assets. You may say bitcoin is a poor store of value, and you'd still be wrong, but at least it's a coherent claim. Your causal reasoning is wrong too - the reason for inflation is increase of money supply. That extra money is either spent, invested or saved. People who buy bitcoin do so to save money and have more money in the future (and not be slaves to the central banking system eventually) - even if it weren't for bitcoin this money would go to other assets that do that like gold, property or stocks and not spent for consoomer goods. But even if all the bitcoin money (~1-2 trillion) suddenly flooded the global market, it would still be very insufficient to cause hyperinflation. There are ~$150 trillion broad money in existence and the US debt is 39 trillion - It would hardly move the needle at this point.
And in that reply I addressed your argument after that.
If that was really your intention, you could've just responded to the main OP instead of posting in the comment thread where someone made a low effort insult, I returned it in kind, and then trying to use my low-effort insult in an attempt to debunk my main argument.
Value moves and cannot be stored. Within moving value exists evaluation, which can be tricked to ignore moving value...that ignorance represents storage.
Gold implies malleability of evaluation within value, and it's being used by few to tempt the evaluation of many to hold onto value, which makes the evaluation of many malleable to few.
in the process
Aka evaluation (perception) within the process of value (perceivable)...no storage but ignorance.
Fiat
Few tempting many to hold onto moving value becomes fiat...the moment one ignores moving value.
propped up by having a place to store
Aka ones memory choosing to ignore moving value by holding onto immovable value (fiat).
the extra fiat
Since value moves, the immovable fiat held onto, exponentially increases demand for extra value.
normally have nowhere to go and cause
Cause moves effect...few suggest norms (affixed rules of behavior) and nowhere (denial of everywhere) to affect ones ignorance of being moved as effect (life) within cause (inception towards death).
That's it.
Motion moves...matter declaring to one another "that's it" isn't the end of anything, but the ignorance of everything moving.
rugpull
Being within motion implies being (life) pushed (inception) and pulled (death) simultaneously...ignoring motion by holding onto matter represents the artificial rug put above ones sight, which always pulls life towards death.
entire economy
Only within entire can eco (to abide) nomy (to take) be shaped out by particulars. Motion neither abides; nor can it be taken...it's matter which can be tricked to abide motion, while taking hold of self and one another; which represents mental and physical materialism.
Only when you keep the gold. For example the Vikings when they went off to steal, they stole lots of gold. But when they got back to the village they would hold a big feast for everyone and they would waste all this money.
If they spent it in the village the wealth is still in their economy so it's fine. Spending gold doesn't make it disappear. Rome did that and it worked well. It's fine unless you have jews living in your village.
Rome is still doing it today. Only now it's not called Rome any longer, but America. The fasces is an old symbol that had its origin in the Etruscan civilization and was passed on to ancient Rome, where it symbolized a Roman king's power to punish his subjects.
Now, this symbol appears in the seal of the United States Senate, and on the wall in the United States House of Representatives debating chamber.
Yes, Rome passed the Caesar on to both Russia (Csar) and Germany (Kaiser), where it was forcibly taken by America (Czar). For details, search "Chronology" at c/Christianity.
Can you keep your breath? For how long until you're forced to give away what never was yours?
Infancy implies adulteration towards elderly...only the adult mind has enough power to waste on the belief that anything can be kept.
Less and less nowadays.
"Bitcoin is a store of inflation"
how retarded.
Let me guess: you have your money in bitcoin and are down 50%
No, it's a retarded incoherent premise that betrays lack of financial understanding. Nothing to do with how bitcoin is performing currently.
People use both gold and bitcoin, as well as other assets to store value. They invest their fiat money into those assets. You may say bitcoin is a poor store of value, and you'd still be wrong, but at least it's a coherent claim. Your causal reasoning is wrong too - the reason for inflation is increase of money supply. That extra money is either spent, invested or saved. People who buy bitcoin do so to save money and have more money in the future (and not be slaves to the central banking system eventually) - even if it weren't for bitcoin this money would go to other assets that do that like gold, property or stocks and not spent for consoomer goods. But even if all the bitcoin money (~1-2 trillion) suddenly flooded the global market, it would still be very insufficient to cause hyperinflation. There are ~$150 trillion broad money in existence and the US debt is 39 trillion - It would hardly move the needle at this point.
My post/argument has no mention of how bitcoin is performing, especially currently.
Dude
Someone made a low effort insult and I returned it in kind.
Nothing to do with my argument.
And I replied to it in a single sentence. And in that reply I addressed your argument after that.
If that was really your intention, you could've just responded to the main OP instead of posting in the comment thread where someone made a low effort insult, I returned it in kind, and then trying to use my low-effort insult in an attempt to debunk my main argument.
You beat me to it.
Value moves and cannot be stored. Within moving value exists evaluation, which can be tricked to ignore moving value...that ignorance represents storage.
Gold implies malleability of evaluation within value, and it's being used by few to tempt the evaluation of many to hold onto value, which makes the evaluation of many malleable to few.
Aka evaluation (perception) within the process of value (perceivable)...no storage but ignorance.
Few tempting many to hold onto moving value becomes fiat...the moment one ignores moving value.
Aka ones memory choosing to ignore moving value by holding onto immovable value (fiat).
Since value moves, the immovable fiat held onto, exponentially increases demand for extra value.
Cause moves effect...few suggest norms (affixed rules of behavior) and nowhere (denial of everywhere) to affect ones ignorance of being moved as effect (life) within cause (inception towards death).
Motion moves...matter declaring to one another "that's it" isn't the end of anything, but the ignorance of everything moving.
Being within motion implies being (life) pushed (inception) and pulled (death) simultaneously...ignoring motion by holding onto matter represents the artificial rug put above ones sight, which always pulls life towards death.
Only within entire can eco (to abide) nomy (to take) be shaped out by particulars. Motion neither abides; nor can it be taken...it's matter which can be tricked to abide motion, while taking hold of self and one another; which represents mental and physical materialism.