Other Coins - Price & Trading topic

/brainstorm - question mode on

What’s the difference though between “printing more coins/money” and the value of coins/money increasing? When I say value I mean both in terms of FIAT And in terms of how many you need to “lambo” in the crypt jargon.

I think in some ways if you did print more money and it was distributed then maybe you have a more inclusive world? i.e. values stay more stable, but quantity increases. This feels in some ways to be better than a small quantity in only a few hands.

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The distribution of that larger sum of money does not remain “even”, does it? So does it really matter?

Just a thought, I’d think it all ends up in the same few hands regardless and most go back to paycheck to paycheck living.

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Completely off topic but moments like these cause me unnecessary anxiety and I wonder if anyone else experiences the stresses of which spelling to use when 2 different versions exist.

ie. US = check / UK = cheque

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Anyone know what’s going on with Storj last week? Price is going through the roof.

https://www.google.com/amp/s/cointelegraph.com/news/coinbase-listing-effect-reemerges-as-ankr-curve-crv-and-storj-rally/amp

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Aha! that would be it. Thanks for the tip.

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The funny thing is that people know that the price is not justified:


Privacy. Security. Freedom

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It doesn’t stress me out, I just use the proper spelling :wink:

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yeah utility versus price … both are nebulous bits of information though. E.g. how much is US$ fiat worth now? And, could the utility of a token change into the future … get some now just in case … depends on how much fiat the investor has to throw around - how much of the fiat is under-utilized.

That applies to filecoin too right now … just wow.

All bodes very well for SaNT price in the future. :wink:

@Dimitar I was composing this when you moved topic, could you move this over there too? Thanx :wink:

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Lol…I was raised by an Aussie mother and a Yankee father. Not just spelling either. Pronunciation.

Aluminum:

uh-LOOM-i-num

or

ah-loo-MIN-ee-um

:crazy_face:

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Nooo, worst of both worlds!

I take it back, one might have been Scottish :rofl:

Now, everyone say after me “Alba”.

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Pronounced alapba :wink:

Yes, I also think that it ends up the same until we change the game. It seems distribution in today’s world is water running uphill. This is the same feeling, when folk say oh look limit tokens fixes XX and money printing fixes XX or break XX they are just wrong. The distribution via money always ending up where the power is, does not change.

It seems like magnets, the more you have the more you attract, it also seems there’s a fundamental problem. Many who promote fungible/fixed supply and also complete capitalism (the elusive free-market approach) confuse me. It seems the issues are much more fundamental and not related to fixed/fluid/increasing/decreasing supply, but just value, however, it exists and via socialism, capitalism or whatever is folk choose to hang their hat on. None work completely and so far all I can see is any approach seems to lead to a powerful few. However, fixed supply or QE all seems irrelevant.

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Mr Salmond kept forgetting this on Newsnight last night, repeatedly correcting himself. And it is the name of his new political party. Just saying :wink:

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New currency takes it’s value from the total pool of pre-existing value. Hence it is a flat tax on all people who have some. Flat-taxes predominately hurt the poor, not the wealthy.

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Even if it were flat tax I think you are correct, however it’s not even that as the wealthy avoid tax like daemons and pay less than the poor relatively. So I reckon it’s worse than a flat rate (although flat rate on food/clothes etc. is disgustingly crippling for the poorer).

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Yes, and they do because they are able to do so … everyone is a demon in this regard if they have the tools to avoid taxes then most will. It’s not like the poor are saints.

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I tried to be the opposite and got clobbered, it seems the system is rigged to heavily encourage evasion and lack of evasion raises red flags. In the UK the tax authorities will be alerted if

  1. You pay yourself less than staff (A big HMRC red flag)
  2. You pay early

And more, so honesty or some integrity is not only frowned upon it’s gonna get you in trouble. This is the system as it has evolved today. It’s not only built on corruption, it cannot function without corruption.

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If you want to balance prices, supply of money has to match with demand. It is much like any other commodity in this regard.

Print more when there is no extra demand and the money is worth less. Print nothing when demand is high and the money will be with more. Demand for money can increase with population growth, as to keep values constant, you need more to go around.

Some will say that currency should have a constant value, as it is only a way to transfer value. A bit of inflation is said to help that, as it can be harder to adjust to too little currency than too much (tough discussions with staff about pay cuts are harder than pat freezes, etc).

Some just think deflationary money is fine, but I think that is largely for savings than for spending.

It would be interesting to see what the supply of data reflects the demand for money. If it does, it would be insightful for SNT supply.

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IMO, so long as the underlying premise of society is that force can be used to take from one group and give to another … then, once people realize that as they grow up in that system, they are not going to have any guilt about doing the same in one way or another to others.

I think it’s less about the evolution of the system and more about it’s foundation and the awareness of people as a whole. The system is founded on theft - which is a form of slavery; and the Internet is awakening the masses to the reality of their bondage.

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It probably will without fundamental socio-economic changes mandated by governments, a paradigm shift, if you will. Let’s just hope we can all get past the inevitable labeling that will occur.

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