Let me try to explain the bitcoin problem with my fingers. Suppose I produced a box of matches and sold it to, say, Mishek for 1 bitcoin. Now I have 1 bitcoin, and Mishek has a box of matches. All the currency we have is 1 unexchangeable bitcoin. Now you come to our market and start selling a car. The car is of course more expensive than a box of matches, but the volume of currency does not allow you to set an adequate price. Then you agree to sell it for all the money we have. I have all the money now and I buy the car from you for one bitcoin. From that moment on, the bitcoin value has automatically increased by tens of thousands of times. Having received 1 bitcoin for your car, you will correctly estimate that a box of matches is 1/1,000,000 worth of the car, and when you want a light, you will offer Mishek 0.000,001 bitcoins for his box. And then Mishek will realize that someone has screwed him big time, because he was left with a product that suddenly became 1,000,000 times cheaper. I, on the other hand, will be rubbing my hands because I have actually traded a box of matches for a car. And I have been able to do all of this with an issue-free monetary system. The example is exaggerated, but the point is the same: without emissions there would be an uncontrollable growth of the currency, which would only benefit its holders and not the producers of goods, which in itself is a clear indication of its speculative nature.
Let me try to explain the bitcoin problem with my fingers. Suppose I produced a box of matches and sold it to, say, Mishek for 1 bitcoin. Now I have 1 bitcoin, and Mishek has a box of matches. All the currency we have is 1 unexchangeable bitcoin. Now you come to our market and start selling a car. The car is of course more expensive than a box of matches, but the volume of currency does not allow you to set an adequate price. Then you agree to sell it for all the money we have. I have all the money now and I buy the car from you for one bitcoin. From that moment on, the bitcoin value has automatically increased by tens of thousands of times. Having received 1 bitcoin for your car, you will correctly estimate that a box of matches is 1/1,000,000 worth of the car, and when you want a light, you will offer Mishek 0.000,001 bitcoins for his box. And then Mishek will realize that someone has screwed him big time, because he was left with a product that suddenly became 1,000,000 times cheaper. I, on the other hand, will be rubbing my hands because I have actually exchanged a box of matches for a car. And I have been able to do all of this with an issue-free monetary system. The example is hypertrophied, but the point is the same: without emission the currency would start growing uncontrollably, which would only benefit its holders and not the producers of goods, which by itself is a clear indication of its speculative nature.
It is the hypertrophied nature that kills this example as an argument. The TIME factor is simply trashed.
//Tie the box to the car, for example the box is included and lies in the glove compartment .
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Andrew, it's not:
http://master-vict.livejournal.com/30670.html
http://master-vict.livejournal.com/36786.html
Not . But he has already surrendered this section of the front // on the previous page.
Let's continue the encirclement, accompanied by artillery fire.)
to:TheExpert
Let me try to explain the bitcoin problem with my fingers. Suppose I produced a box of matches and sold it to, say, Mishek for 1 bitcoin. Now I have 1 bitcoin, and Mishek has a box of matches. All the currency we have is 1 unexchangeable bitcoin. Now you come to our market and start selling a car. The car is of course more expensive than a box of matches, but the volume of currency does not allow you to set an adequate price. Then you agree to sell it for all the money we have. I have all the money now and I buy the car from you for one bitcoin. From that moment on, the bitcoin value has automatically increased by tens of thousands of times. Having received 1 bitcoin for your car, you will correctly estimate that a box of matches is 1/1,000,000 worth of the car, and when you want a light, you will offer Mishek 0.000,001 bitcoins for his box. And then Mishek will realize that someone has screwed him big time, because he was left with a product that suddenly became 1,000,000 times cheaper. I, on the other hand, will be rubbing my hands because I have actually traded a box of matches for a car. And I have been able to do all of this with an issue-free monetary system. The example is exaggerated, but the point is the same: without emissions there would be an uncontrollable growth of the currency, which would only benefit its holders and not the producers of goods, which in itself is a clear indication of its speculative nature.
to:TheExpert
Let me try to explain the bitcoin problem with my fingers. Suppose I produced a box of matches and sold it to, say, Mishek for 1 bitcoin. Now I have 1 bitcoin, and Mishek has a box of matches. All the currency we have is 1 unexchangeable bitcoin. Now you come to our market and start selling a car. The car is of course more expensive than a box of matches, but the volume of currency does not allow you to set an adequate price. Then you agree to sell it for all the money we have. I have all the money now and I buy the car from you for one bitcoin. From that moment on, the bitcoin value has automatically increased by tens of thousands of times. Having received 1 bitcoin for your car, you will correctly estimate that a box of matches is 1/1,000,000 worth of the car, and when you want a light, you will offer Mishek 0.000,001 bitcoins for his box. And then Mishek will realize that someone has screwed him big time, because he was left with a product that suddenly became 1,000,000 times cheaper. I, on the other hand, will be rubbing my hands because I have actually exchanged a box of matches for a car. And I have been able to do all of this with an issue-free monetary system. The example is hypertrophied, but the point is the same: without emission the currency would start growing uncontrollably, which would only benefit its holders and not the producers of goods, which by itself is a clear indication of its speculative nature.
It is the hypertrophied nature that kills this example as an argument. The TIME factor is simply trashed.
//Tie the box to the car, for example the box is included and lies in the glove compartment .
That's the hypertrophied nature that kills this example as an argument. The TIME factor is simply trashed.
I still know how to embroider. ) All you can do is talk. Bullshit. Just like always.
What does the TIME factor affect, I don't understand?
This thread shows that you are not familiar with the basics of economic development, so you are talking nonsense. As always, though.