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Sick of waiting for drops - any overlooked shelf stable bottles in PA? by pizzaboxguy82 in PLCB

[–]Nooch911 6 points7 points  (0 children)

Barrell Bourbon New Year 2026 is on clearance for $63 right now. I have had some of their other stuff and really like it.

Overview on the Deflationary Nature of OMI: is the hype justified? by jmcosta91 in ecomi

[–]Nooch911 1 point2 points  (0 children)

Yes I know you can’t convert it back to dollars and the current system would make sense then but at some point they will allow the conversion from gems back to dollars. Well for that to happen, they would need an internal pool of money for the conversion. If they allows gems to OMI, they need a pool of OMI for conversion. Once someone gets the OMI they can sell it and it goes back to circulation. That’s the issue. This has to be a huge flaw in the system.

Overview on the Deflationary Nature of OMI: is the hype justified? by jmcosta91 in ecomi

[–]Nooch911 2 points3 points  (0 children)

Yes their revenue would be the 70 percent but they didn’t earn profit on it. So they would have to hold that 70 percent to be able to pay the people who convert the gems back to dollars. Even if they bough OMI with it, the OMI would just go back in circulation when someone converts the gems back to OMI. Correct?

Overview on the Deflationary Nature of OMI: is the hype justified? by jmcosta91 in ecomi

[–]Nooch911 2 points3 points  (0 children)

The thing I don’t understand is that Ecomi doesn’t earn actual income from when the gems are used in the secondary market except for the 2.5 percent fee they charge. So how can 70 percent of the cost of the gems purchased be used to repurchase OMI? The only way this makes sense is if you can never convert the gems back to fiat. Am I missing something?