How can something be a unit of account before it has SoV/MoE properties?
How can you put trust in Carney, who, on top of taxes, inflates your currency 2-4% per year via money printing, thereby “stealing” it from you?
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I don't think that is what he does.
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Why do you think the USD has lost 98% of it’s value since 1918?
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Value against what? Our incomes have gone up massively since then.
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Value against Gold. Wages have NOT gone up as fast as fiat has depreciated.
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Again, we have to disagree.
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Doesn’t this say store of value -> medium of exchange and then if multiple transactions unit of accounts? From the speech you mentioned.pic.twitter.com/TEjQOeAODP
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Read footnote 5.
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they say its the most important feature. I agree. but that has nothing to do with Sequence of how it originates
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We are trying to create “Sound Money” here, the monetary policy / emission of which is NOT under corrupt human control, but rather a transparent algorithm’s control.
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Sure. But if you are referring to crypto currencies, I do not think this is the right algorithm.
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“Seigniorage is a convenient source of revenue for some governments. By providing the government with increased purchasing power at the expense of the public's purchasing power, it imposes what is metaphorically known as an inflation tax on the public.” https://en.m.wikipedia.org/wiki/Seigniorage …
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