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Old 12-14-2018, 02:32 PM
 
Location: Manchester NH
7,302 posts, read 1,978,933 times
Reputation: 2213

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I called it when this sham first started: https://www.google.com/amp/s/amp.ft....8-8c755afbfb5d

Iíll tell you why, capitalism is a state invention and without it it cannot survive. I support a society with no currency or centralized state, but the idea that you could have a monetary system to artificially price goods and inflate prices (which is the scam that is capitalism) without violent state protection or corporate monopoly is a joke.

And as bitcoin crashes, the idea that the free markets operate naturally without state intervention dies.
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Old 12-14-2018, 02:34 PM
 
10,674 posts, read 5,129,735 times
Reputation: 7105
Have you try to get help? It’s very odd these ideas you have.
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Old 12-14-2018, 02:40 PM
 
Location: Aurora Denveralis
3,963 posts, read 1,327,282 times
Reputation: 5539
The fundamental problem is that even Monopoly games eventually end.
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Old 12-14-2018, 02:47 PM
 
Location: Manchester NH
7,302 posts, read 1,978,933 times
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Quote:
Originally Posted by NewbieHere View Post
Have you try to get help? Itís very odd these ideas you have.
Iím fine, do you have your own opinion as to why crypto-currency is failing?
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Old 12-14-2018, 02:49 PM
 
Location: Manchester NH
7,302 posts, read 1,978,933 times
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Quote:
Originally Posted by Quietude View Post
The fundamental problem is that even Monopoly games eventually end.
Of course.

But some monopolies like those that control our monetary system are needed to uphold price guaging and other forms of market distortions done by the private industry.
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Old 12-14-2018, 03:26 PM
 
10,674 posts, read 5,129,735 times
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Quote:
Originally Posted by Winterfall8324 View Post
I’m fine, do you have your own opinion as to why crypto-currency is failing?
No, but your statement you support a country with no currency is very off. I don’t like bit coin, never invested in them, so why are they falling. Who knows? Tulip mania ones to mind.
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Old 12-14-2018, 03:37 PM
 
Location: BFE
723 posts, read 169,609 times
Reputation: 1790
Why is Bitcoin crashing?

Because its some made-up hokie bunk? That would be my guess.
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Old 12-14-2018, 03:40 PM
 
10,000 posts, read 14,257,675 times
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Because the so called capitalism is being re-formatted? Because crypto currency was another pump to suck money out of people? Don't you know that demonetization of population been implemented for last several years?
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Old 12-14-2018, 05:13 PM
 
7,452 posts, read 8,297,104 times
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Quote:
Originally Posted by Winterfall8324 View Post
Of course.

But some monopolies like those that control our monetary system are needed to uphold price guaging and other forms of market distortions done by the private industry.
I've tried really hard not to engage your serial nonsense. Have you tried making these silly arguments in an economics classroom or other gathering of people who understand economics?
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Old 12-14-2018, 05:39 PM
 
2,330 posts, read 1,469,336 times
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Quote:
Originally Posted by EDS_ View Post
I've tried really hard not to engage your serial nonsense. Have you tried making these silly arguments in an economics classroom or other gathering of people who understand economics?
I doubt he or she has spent any time in a room with people who understand economics.

And I also “predicted” bitcoin would crash. However, bitcoin failing isn’t a failure of capitalism. It’s a failure of bitcoin. And it failing is proof that capitalism is functioning.
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