Quote from: Gyfts on Today at 05:10:57 PM

Quote from: Snowshow on Today at 10:06:53 AM

Quote from: Gyfts on June 03, 2022, 01:17:46 PM

European Union inflation rate 8.1 percent: https://tradingeconomics.com/european-union/inflation-rate

U.S. inflation rate 8.3 percent: https://tradingeconomics.com/united-states/inflation-cpi

You are watching currency collapse in real time. Is your argument that this is not government induced? What explanation do you have for a consumer of any of these currencies having lost their purchasing power by 8 percent from the same time last year other than government irresponsibility.

Quote from: Snowshow on June 03, 2022, 04:48:00 AM

It is just that they receive less due to inflation. But, all businesses have ups and downs. Why do you mention the borrowing business in the forum about shares in the nonexistenent business?

You are attacking decentralization and making the argument of centralization in your original post and I've provided you two demonstrable metrics of centralization overreach. The inflation rate does not magically go up on its own. I don't understand what you mean by a "borrowing business."

Why do you want to talk about inflation here?

Because inflation was the result of centralization and future borrowing of funds the government was not able to produce. Bitcoin is deflationary. You don't get to create more coins because you want to artificially stimulate the economy to support COVID lockdowns.

You outlined the traditional financial system in your original post:

Quote from: Snowshow on March 15, 2022, 02:12:39 PM

Example 3. Fiat currency system. This system is characterized by the possession of currency units created by the banks. And now the test: are people who invested in this system able to benefit without selling the currency units to new investors? Yes. The banks are in the business of issuing loans to borrowers and securing the loans with collaterals. That's how the currency units are created in the first place. When loans are granted, the borrowers go to the market with currency units and trade them with people for their goods, services, and labor. In other words, people invest these goods, services and labor in the fiat currency system. Finally, based on their loan contracts, the borrowers have the liability to return the currency units back to the banks. So they are forced to work for people who hold the units. Alternatively, they are forced to sell goods and services to these holders. And that's how the holders of fiat currencies are able to benefit without new investors. But what if the borrowers default on their loans? Well then the banks will first seize the collaterals. And then sell those collaterals to people who hold currency units. That's because these units are the liabilities of the banks and the banks must withdraw them from the market to liquidate the unpaid loans. The collaterals of the borrowers are therefore the second way how the holders of the currency units are able to benefit without selling these units to new investors. This system therefore also passed the test. It's not a scam.

Those currency units are centralized and created out of thin air with arbitrary metrics. How does the current fiat system pass your test when the entire system was built to fail, evident by a consumer losing nearly 10 percent of their purchasing power within a 12 month span via inflation? Does that sound like a structured system that is not a scam? You're describing a basic loan system that utilizes fiat as the medium when crypto currency could accomplish the same. And knowing that something like Bitcoin can't be created out of thin air to bail out irresponsible lenders, it might give the big banks some pause if they begin issuing loans out to people they know cannot pay them back. See the U.S. 2008 housing crisis.

First, you talk nonsense. Centralization is a concept. It doesn't cause anything. Inflation is caused by imbalance of money and goods and services, while the imbalance is caused by politicians.

Second, and important: why do you wanna talk about inflation in the form that describes bitcoin scam?

Finally, all records are created out of thin air - records on number of scares in a stock, records of currency units and records of bitcoin units. But that's not the point. The point is that the first to simply represent participation in businesses that return investments to people. While bitcoin represents nothing which is why people can return their investments only from new investors like in all investment scams. Bitcoin is like a share in a bankrupt company presented publicly as something valuable to scam people out of their money.