"socialist card" is about planned economics, u plan supply and u plan price and u never hit the target of demand. U either have overproduction or deficit. And with "controlled" price of ZEC u have over production that u cant sell unless the price will go down.
Exactly.
To supporters of "controlling" - one simple question - would _you_ buy the stuff for the price it has now? If "no" then why do you think someone else should want?
If there are people, who value this pointless crap, then I am happy to sell it to them as long it covers my production cost. If it does not, I produce something else that is more profitable. But I will never pile the stuff to warehouse unless I value it myself and expect to see growing prices.
You seriously believe market manipulation is socialist controlling? Market manipulation is an every day phenomenon in wall street and all across the globe, usually associated with capitalism. a Full government control of the economy however is associated with planned economy.
"If it does not, I produce something else that is more profitable. But I will never pile the stuff to warehouse unless I value it myself and expect to see growing prices" Correct. That is why we all mine zcash. You are basically saying that the right things here: Is the demand strong enough to support those prices? If you watch some of the original posts you see that i assumed the coin dumping to make the zcash price lower than it could be + the buyer demand can be tested through price manipulation. Hence the cartel.
you probably didn´t read my answer to that statement but here it is anyhow:
I never stated that full control of the price can be achieved. It only can be manipulated to the point people still are willing to buy it. Who is allowed to trade or who is not allowed cannot be controlled by any measure these days. Can you share a quote where i stated that? I made a scenario where the price of the currency could be manipulated on the free market. You seriously haven´t heard of what European Unions central bank has been doing for this entire decade? They manipulate the price of the Euro as some may have noticed. As i also stated we would need majority of the network (hashrate) so more than half of the constant supply is still under our control.
Planned economics in soviet union meant that the price of the ruble was not only manipulated but it was fully controlled buy the state no matter the supply or demand. In Europe the price of the Euro is manipulated through a central bank but even them cannot fully decide what it´s price should be . Most of the Europeans still call it a free market. This scenario was an image of the latter.
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