Dont Understand All the Cyrpto Nay Sayers: Chinese Credit Rating Agency Downgrades US Credit Rating??
Sounds like US credit among the world aint what it was? Presumably the credit rating used to be a lot higher among those who track and and care about the actuarial projections of a nation to coercively exact tribute from various populations under its control. It seems in the past, US dollars were tied to gold or possibly other things rather than purely fiat. Such a tie of the quantity of money to some objectively quantifiable thing (though not totally controllable--at least until all accessible gold is mined and in the market)
What I dont understand with the quantitative easing and all the other games the bankers play, is how anyone can possibly think a new technology that makes transactions much cheaper and that prevent problems like double spend, would possibly leave a world previously controlled by dinosaurs creating money out of no where.
Milton Friedman seemed to assert inflation as the worst kind of tax because no one votes for it. That inflation is always a monetary phenomena, where an expansion in the money supply without a proportional change in increase would realize a change in the information reflected in prices.
What do you think? You think Teflon Don might default on all this debt for pointless wars and prisons filled with nearly 1% of us? This debt that helps bail out wall street and DC but doesnt care about the non elite class? How you feel about credit downgrading? Do you think we still need entities using coercion to engage in credit beyond what we can pay today in 2018, or can we finally have a voluntary society where all can be free to realize the consequences of their decisions?
As Abbie Hoffman might have once asserted:
"An expert is a fast-talking guy from out of town."
Source
http://thehill.com/policy/finance/369098-chinese-credit-rating-agency-downgrades-uss-rating-over-political-deficiencies
Our credit is among the best in the world still and the dollar is far more stable than any crypto save those that are pegged to dollar. This is undeniable fatkat.
Also, taxes are t coercive. Just rent you pay in exchange for the benefits of this fine country. You’re free to leave if you dislike them.
Hope you enjoyed your lesson today kat.
interesting theories neutron. So if someone comes into your house and says give me half your shit then I guess youre free to leave to, and threatents you with a cage and or worse if you resist? Or is there coercion there?
Invalid response. Government isn’t a trespasser or intruder. When you make the decision to live here and accept government benefits, you do so knowing you’ll have to pay taxes. You have no intrinsic right to be here, as you seem to presume.
What intrinsic right does the collective have to another persons body or their labor or their liberty? You sound like a commie you know that?
Invalid response. Government isn’t a trespasser or intruder. When you make the decision to live here and accept government benefits, you do so knowing you’ll have to pay taxes. You have no intrinsic right to be here, as you seem to presume.
interesting post,
upvoted and following
thanks glad youfound it useful, try to keep pumping out stuff like this
This post has received a 0.76 % upvote from @booster thanks to: @fatkat.
Nice post...think about how you use minnowbooster ..feed price dropping soon. Hope you make it up over the next 5 days. Good luck! https://steemit.com/steemit/@weirdgoose/why-today-is-the-time-to-use-upvote-bots-like-minnowbooster-steem-s-price-feed-is-set-to-explode-higher
I dont understand your post and how it is relevant to my content. Value is subjective that is the basis of steem and reality. Letting those who have been here and know how it works be more equal tham a spam account that just joined helps filter out a lot of the spam, among other important incentives this kind of structure helps organize.
I dont understand what you propose to tweak the algorhthim, it seems number of upvotes already does effect exposer and thus payouts? What do you propose to change and how would it be any different?