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ScottAdamsSays's profile
Scott Adams
Scott Adams
Scott Adams
Verified account
@ScottAdamsSays

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Scott AdamsVerified account

@ScottAdamsSays

My Micro Lesson (2-4 min. videos) on being more happier and more effective in life are on Locals: http://bit.ly/2Ygv2tf 

Pleasanton CA
youtube.com/c/realCoffeeWi…
Joined October 2014

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    1. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020

      If the government created and issued a government-backed crypto currency to all citizens (or just low income people), and ordered all businesses that are able to accept it do so, explain in comments how that would play out? Good or bad? #cryptocurrency #coronavirus

      565 replies 116 retweets 698 likes
    2. Andreas Backhaus‏ @AndreasShrugged 20 Mar 2020
      Replying to @ScottAdamsSays

      The poorest neither have bank accounts nor internet access. That's what makes them hard to reach for any kind of cash transfer.

      3 replies 0 retweets 6 likes
    3. Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020
      Replying to @AndreasShrugged

      Give cash to the phone-less. Middle class and half the poor have phones.

      3 replies 0 retweets 18 likes
    4. Andreas Backhaus‏ @AndreasShrugged 20 Mar 2020
      Replying to @ScottAdamsSays

      Fine. Then why not do it both with US dollars? :)

      1 reply 0 retweets 0 likes
      Scott Adams‏Verified account @ScottAdamsSays 20 Mar 2020
      Replying to @AndreasShrugged

      No debt creation with crypto. That makes it a trillion dollars better than cash.

      8:38 AM - 20 Mar 2020
      • 11 Likes
      • Tri N Bitcoin Brooklyn 👨🏽‍💻⭕️ Brian Koral 👑 🦅 🇺🇸 Ross Cruz Gelis Bejoy Koshy Dr. Eskil Andersen CryptoFeedery
      5 replies 0 retweets 11 likes
        1. Andrus Kangro‏ @AndrusKangro 20 Mar 2020
          Replying to @ScottAdamsSays @AndreasShrugged

          Rules would be same. If government creates anything, it will cause also debt. Just think of what businesses would do with the crypto currency they are ordered to take? Is it just financial loss for them? Or can they pay taxes with it? and...

          0 replies 0 retweets 0 likes
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        1. Andreas Backhaus‏ @AndreasShrugged 20 Mar 2020
          Replying to @ScottAdamsSays

          A government-issued crypto will still be backed by the government. Why should the US do that? Bond yields are crashing, meaning borrowing costs for the government are low, and the central banks have signaled they'll do whatever it takes.

          0 replies 0 retweets 1 like
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        1. Miguel‏ @Deplorable_Mi 20 Mar 2020
          Replying to @ScottAdamsSays @AndreasShrugged

          Whether you conjure $1T from thin air as crypto or you do it as cash, you've still conjured $1T--and you start to risk serious inflation.

          0 replies 0 retweets 1 like
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        2. Walter B‏ @WalterB66897006 20 Mar 2020
          Replying to @ScottAdamsSays @AndreasShrugged

          National debt represents the net dollars spent into existence by the US govt. it’s the people’s asset; not our liability.

          0 replies 0 retweets 0 likes
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