• nondescripthandle@lemmy.dbzer0.com
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    3 days ago

    Every time the price spikes I get the feeling its large holders cashing out while they can and the liquid from newcomers is available. Which would make it mostly a scam, kinda like the stock market but even more shallow somehow, as if the stock market wasn’t unrelated enough to actual production and very esoteric.

    • shortwavesurfer@lemmy.zip
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      3 days ago

      It really depends on the community you’re talking with. In the Bitcoin community that would not surprise me in the least if it’s just big holders dumping on little holders to cash out for fiat. In the Monero community however that’s totally different because they want to use it as actual money. They, and I include myself in this category, believe that the government should absolutely not have control of our money supply that they can manipulate at any time for any reason or no reason at all and make everyone less wealthy, with the exception of those who they choose to give “government contracts”, “incentives” or “subsidies”. This is why the libertarians say that taxation is theft because they tax you on your productive hours of your life and call it an income tax and then they give it to the people who they choose to flatter and leave you homeless and shit.

      • overload@sopuli.xyz
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        3 days ago

        Income taxes go back into services that help society. How do you expect a government to fund any of the infrastructure and services that you take for granted around you without it?

        • shortwavesurfer@lemmy.zip
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          3 days ago

          First off, we have to agree that we need the government in order to fund infrastructure. If we make that assumption, then sales tax on anything other than food and base essentials.

          • Voroxpete@sh.itjust.works
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            3 days ago

            Lower income people spend - as a proportion of their income - far more of their income than higher income people. This makes the “nothing but sales taxes” approach much more regressive than it initially seems, despite often being touted by economists as a progressive approach to taxation.

      • Lost_My_Mind@lemmy.world
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        3 days ago

        I’m sorry, no. The point when you find yourself relating to libertarians is the time you should really ask yourself two simple questions

        1 - Am I a dumbass?

        2 - Why am I trying to herd myself in with a group of dumbasses?

        • shortwavesurfer@lemmy.zip
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          3 days ago

          And that’s why we are different people. I have my opinion and you have yours. You’re not going to change my mind and I’m not going to change yours and we both already know that.

          • meco03211@lemmy.world
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            3 days ago
            1. Yes
            1. Cause it’s warm and comfortable in this mass hive of stupidity. Who wouldn’t want to be one of us?

            Went ahead and filled in that questionnaire for you.

      • Num10ck@lemmy.world
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        3 days ago

        ok but why not gold or silver then? also obviously without currency controls all modern countries would have drastically smaller economies.

      • Imgonnatrythis@sh.itjust.works
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        3 days ago

        You can believe that all you want, but this is an even nutter dream than achieving effective gun control in the US (one of my nutty dreams). Why in the world would the government ever give up control of the “money supply”? That’s not going to happen.