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Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
Elwar
on 13/09/2015, 08:21:13 UTC
"Hoarders" is just a disparaging term for savers. Any economy needs savings for capital formation.

"Saver" i a very general term.  In the context of this discussion a "hoarder" is one who saves by colelcting a currency. Not meant to be disparaging -- although that is usually not a wise way to save.

Jorge and other Keynesians hate people saving their money because then nobody has a safety net. Without a safety net this necessitates the government to provide it. And there is nothing Keynesians love more than government force. The government should control the currency, the government should make all of the decisions. For professors that live in their little socialist bubble where they are the top dogs in the socialist sphere they see it as quite the reasonable system. Forgetting that outside of their little bubble there is the world of the free market that keeps their little bubble going.

As you have all of this knowledge of Bitcoin but, like every banker and other professor like the "blockchain" but not Bitcoin (mainly because it is more like gold than the dollar) then I suggest you go create your own Federal Reserve Coin. Being the creator you can live under even more eliteness because you will be in control of it. Change the currency all the time so it matches up with the dollar, add inflation so that people don't hoard it (even though Bitcoin currently has a 12% inflation rate and yet people still hold long term). Create your masterpiece and go to the bankers for their support. Get rid of anonymity, have the government issue trackers for anyone buying so that everyone's money can be tracked and people can be properly spied on to make sure they're buying the "right" things (approved by the government). Maybe the banks will even run the mining for you so that no miners get profit. What a grand utopia of Keynesianism and centralized control.