Message from @Coolitic

Discord ID: 599266392541233192


2019-07-12 15:47:34 UTC  

It’s purely investor driven

2019-07-12 15:47:42 UTC  

Take an economics course smh

2019-07-12 15:47:58 UTC  

Deflationary currency is literally valued entirely by demand

2019-07-12 15:48:07 UTC  

Is anything inherently worth anything @PureEvilPie

2019-07-12 15:48:11 UTC  

That's basic economics

2019-07-12 15:48:18 UTC  

Gold is also largely deflationary

2019-07-12 15:48:45 UTC  

money is just a social construct and therefore useless
change my mind

2019-07-12 15:49:17 UTC  

I work in digital banking, it’s more job to look at all this mate. I do know what I’m talking about.

2019-07-12 15:49:23 UTC  

No

2019-07-12 15:49:30 UTC  

You clearly dony

2019-07-12 15:49:31 UTC  

Ok

2019-07-12 15:49:38 UTC  

lets go back to trading 5000 eggs for a castle made out of dirt tbh

2019-07-12 15:49:43 UTC  

You arent providing any valid reasoning to back up your claims

2019-07-12 15:49:50 UTC  

Whereas I am

2019-07-12 15:49:58 UTC  

Except I have, how can you use bitcoin as a currency

2019-07-12 15:50:04 UTC  

When it’s this volatile

2019-07-12 15:50:06 UTC  

It’s impossible

2019-07-12 15:50:11 UTC  

I can and do

2019-07-12 15:50:22 UTC  

Do you have any idea the amount of controls behind stable currencies?

2019-07-12 15:50:37 UTC  

Mostly printing money at key times

2019-07-12 15:50:41 UTC  

Because

2019-07-12 15:50:43 UTC  

Yknow

2019-07-12 15:50:48 UTC  

It's inflationary

2019-07-12 15:50:55 UTC  

A gross oversimplification

2019-07-12 15:50:59 UTC  

Yes

2019-07-12 15:51:15 UTC  

You keep just saying the word inflation as if it just proves you right

2019-07-12 15:51:26 UTC  

That's not what I'm saying

2019-07-12 15:51:34 UTC  

Christ my internet connection is too shit for this on the Eurostar

2019-07-12 15:51:46 UTC  

This is literally just text...

last night i had a nightmare where i was in the apple store buying an imac. I was even adding on extras costing me a fortune for an extra 500mhz and some standard rate storage technology. it was like an outer body experience where i was watching myself be a shitheel and I was yelling at me but couldn't hear myself and then i woke up in a bed full of piss

2019-07-12 15:52:08 UTC  

Inflation be like

https://cdn.discordapp.com/attachments/598761542200197120/599266750776737800/inflation_fetish_gimp_suit.png

2019-07-12 15:52:09 UTC  

Fucking tunnels

what could this mean

2019-07-12 15:52:18 UTC  

An egg becomes thr most valued item in a starving city

2019-07-12 15:52:19 UTC  

Inflationary currency prints money when demand is high to keep the price stable

2019-07-12 15:52:35 UTC  

Deflationary currency increases in value *directly* with demand

2019-07-12 15:52:43 UTC  

Which makes it volatile

2019-07-12 15:52:50 UTC  

As demand is typically volatile

2019-07-12 15:53:14 UTC  

Funny enough if a state will burn some money its value will be able to keep up with inflation

2019-07-12 15:53:17 UTC  

It's a different system, but I am perfectly fine with it

2019-07-12 15:53:24 UTC  

gimme an iphone i ll give you 2.5 million tomatoes