Message from @RyeNorth

Discord ID: 489576898507177985


2018-09-12 23:17:43 UTC  

people start to notice this and start to horde money knowing that tomorrow their money will be worth more.

2018-09-12 23:18:26 UTC  

Right, that's how the argument generally goes...

2018-09-12 23:18:30 UTC  

It was said earlier that that would just increase the price of goods coz labour would cost more.

2018-09-12 23:18:43 UTC  

I suppose I can see *sort of* a point on the other side of things now

2018-09-12 23:19:07 UTC  

In that having a currency with an unstable value makes things kind of wonky.

2018-09-12 23:19:40 UTC  

What if you are in the business of baking bread? You pay the boy to help[ you bake X loafs of bread but no one wants to by them coz they can buy two for the same money tomorrow.

2018-09-12 23:20:01 UTC  

You have already put in the investment.#

2018-09-12 23:20:25 UTC  

But your bread is organic and goes down in value as it ages

2018-09-12 23:20:35 UTC  

it doesn't keep.

2018-09-12 23:20:56 UTC  

We're talking about needs, here.

2018-09-12 23:21:04 UTC  

To make money your business is predicated on quick turn over

2018-09-12 23:21:14 UTC  

And if you had a currency that fluctuated THAT wildly, you've done something wrong. 😛

2018-09-12 23:21:33 UTC  

The time scale doesn't matter.

2018-09-12 23:21:48 UTC  

it's the pricaple of things losing value over time.

2018-09-12 23:22:15 UTC  

imagin your in the business of selling wives

2018-09-12 23:22:21 UTC  

whoa now.

2018-09-12 23:22:30 UTC  

Getting a little close to home there...

2018-09-12 23:22:53 UTC  

You have girls and it's a big investment but they need to be sold at the right time.

2018-09-12 23:23:09 UTC  

```Poppy RiderToday at 4:11 PM
Rye here trying to push shria law over here. Fuck off undercove sand n*****
```

2018-09-12 23:23:35 UTC  

(how do you do that ^^)

2018-09-12 23:23:48 UTC  

```

2018-09-12 23:24:57 UTC  

The best point I think I can concede is that instable currency can be a problem.

2018-09-12 23:25:59 UTC  

yes. a paper based system has to increase it's money supply as the population grows

2018-09-12 23:26:34 UTC  

The whole idea of trading my ladour for pay is to make a profit on it

2018-09-12 23:26:46 UTC  

There's also this assumption that rich people have scrooge mcduck baths in their basements...

2018-09-12 23:27:05 UTC  

Most people with money actually put that money to work to make more money.

2018-09-12 23:27:17 UTC  

Not everyone can make a profit on thier labour if the money supply is get smaller coz people are hording

2018-09-12 23:27:29 UTC  

sure they can.

2018-09-12 23:27:39 UTC  

In fact, they already are in that scenario.

2018-09-12 23:27:52 UTC  

Not if produck can lose value

2018-09-12 23:28:05 UTC  

produck?

2018-09-12 23:28:10 UTC  

producks. You know those ones that are paid to quack

2018-09-12 23:28:31 UTC  

We'll call this one sean.

2018-09-12 23:28:39 UTC  

He'll be pro duck sean.

2018-09-12 23:29:22 UTC  

Anyway...

2018-09-12 23:29:39 UTC  

Products wouldn't likely be losing value.

2018-09-12 23:29:50 UTC  

Money's value would be changing

2018-09-12 23:29:56 UTC  

The products would remain the same.

2018-09-12 23:30:25 UTC  

No coz value is equal to demand

2018-09-12 23:30:34 UTC  

And people are forever hungry.

2018-09-12 23:30:35 UTC  

I don't want to eat moldy bread.