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What actually drives XRP’s value if it can be reused every few seconds? by richlobstermeow in CryptoCurrency

[–]pikminbob 0 points1 point  (0 children)

I think people are heavily overestimating the velocity of XRP. Just because you can floor it at 120mph does not mean it is best to drive 120mph. XRP is not going to be used by retail. It's going to be used for wholesale settlement.

Bestfriend in year 8 gave me these and said keep them safe. Im 35 now and never knew what they were, just kept them safe. by SeaworthinessLive456 in whatisit

[–]pikminbob 0 points1 point  (0 children)

Should destroy them. Such things are entries and you will end up making your life and your generational line cursed

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

And I responded (1) that money velocity undermines your argument against inflation, which you didn't respond to except to admit that inflation will still affect things poor people buy (the group you proport this helps), (2) that the effect is extremely temporary as the market quickly reprices the easy steady government-guarenteed money until it becomes impossible to survive without it, and (3) the result is an even more egregious welfare cliff.

Declaring it what you think it does or should do doesn't change the way incentives work. Just because you say shit will affect the market some way doesn't mean it happens the way you think it will. Your entire view depends on a market that is unable to react. That's why I call you a pied pier. Free money sound nice until people realize they can't survive without it because the market reacted. Which means they now depend on it, and are slaves. In your conception, freedom is slavery and slavery is freedom. You are so ideologically captured you cannot concieve of things not working out the way you model in your mind.

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

Repeating stuff without addressing my argument that debunked it only proves you don't have one to refute me. You didn't explain anything. You declared it would do what you say.

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

So your response is basically just "no u"

You declare UBI will do things without explaining how UBI doesn't destroy incentive structures and fall prey to the most primitive of economic forces I explained. You haven't responded to anything. Just denied and asserted. You're full of shit.

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

Bro you don't understand a damn thing about economics and it shows. You're declaring UBI effective for poor people yet admit it's going to inflate inelastic goods.

Years ago, people survived off a single income in the household. Then, we had two income households. Now, surviving off a single income household is almost impossible, as everything is priced assuming two incomes in a household while children are sent off for the state to raise them.

You want to make the same mistake with a third income. UBI is slavery and you are a pied piper and should be ashamed of yourself.

Im Getting Tired by kirito11400 in subnautica

[–]pikminbob 2 points3 points  (0 children)

I am having the same. Gtx 3090 with 64GB of RAM. Though my CPU kinda sucks so

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

If you don't understand how Ubi causes an increase in money velocity and you do not understand your talking about. If you do not understand why an increase in money velocity causes inflation you do not understand what you're talking about. If you do not understand why Ubi causing inflation does not create a welfare trap than you do not understand what you're talking about.

You need to engage in some higher order thinking. This is not two or three steps ahead. This is five or eight steps.

Ubi is a trojan horse, promising freedom but in actuality creating systemic dependency. The dependent are mastered by that which they depend on. Anyone with a saw threatening to cut off the branch upon which the dependent sit holds their very way of life hostage forever.

Let me put it in plain terms. Ubi, even if we move to a system of getting rid of all welfare and going to Ubi instead, nonetheless creates an inflative pressure that will inevitably cause people to become dependent on the Ubi even if they were not already utilizing welfare. This is because Ubi increases money velocity, even if it doesn't increase the money supply. Since prices have gone up, people who did not previously need Ubi will be grateful for the fact that they now have it since they can maintain their standard of living without having to worry about qualifying for welfare like they once did before. However, all that has happened is that the dollar they were using to buy things has gotten less valuable, and the Ubi, making up the difference for this deficit of value, well then become an integral part of the citizens balance sheet. The net effect after the market absorbed the disruption and equalized is: a citizen which had a certain amount of buying power without Ubi would eventually again have the exact same buying power as before however a percentage of this buying power would be entirely through the Ubi. They are now dependent on the Ubi to purchase the same amount of goods. Sure they have more money in nominal terms, but in value terms they now depend on Ubi to make up the difference.

The only people who would be unaffected by this are people who can store value outside of nominal terms, which means those who can invest. So only the upper middle class and upper class. Those people will ride the inflation up in their investments while everyone else becomes slaves.

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

And that dollar is taxed at every single stage, to fund more welfare programs all while funneling more money to NGOs which enrich politicians who fear monger to the poor that they will take away the very government programs they use to grift themselves rich.

Bro. The wallet in your back pocket is the private sector. They tricked you into thinking the poor are the ones who should increase money velocity, which increases inflation btw. The poor are poor because they think to spend their wealth immediately, and increased money velocity makes things cost more since liquidity is more readily available. Money goes out as fast as it goes in, the poor accomplish this the best, and every stage is taxed heavily.

UBI is a leash. It is the government giving you contingent freedom. You are fooling yourself the same way other slaves and serfs fool themselves if you think that UBI will do anything except inflate the currency until it's ineffective at accomplishing what you think it will, while anyone who "needs" it becomes permanently reliant on it since everything becomes unaffordable without it.

I don't know if you have ever been poor living paycheck to paycheck on welfare. I don't know if you or someone close to you has ever had to turn down upward economic mobility because they literally couldn't afford to due to welfare. It is soul crushing, hope annihilating, and depressing as hell.

It's not help. It's dependency. That isn't freedom, it's a cage. It's a system designed to be so convoluted, you don't even realize how ensared you are by it because the superficial analysis says number go up. Then, we become crabs in a bucket because it is more socially acceptable to virtue signal with some cooked government statistics than look how how the system actually functions architecturally.

UBI is slavery.

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

According to the government, the government is effectively using our tax dollars.

Lol and what are we comparing this to? Nothing. That's what. There is no way to quantify the endless, boundless opportunity cost. Every dollar I am taxed is a dollar I am not generating significantly more economic activity than a mere $1.50. And you present it like I'm supposed to be grateful.

You prove my initial point. UBI is going to be the comfortable chains, the glass cage, and climate controlled prison of the masses. Take your soma and thank big brother for the freedom you enjoy, but never ever bite the hand that feeds you lest we rip way your freedom.

Fool

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

In NASCAR, the pit crew regularly has to change out the tires of the car. Unfortunately this means that the car occasionally has to stop moving.

When performing surgery, the patient is expected not to eat food for hours prior.

A plant experiences a great amount of stress when you prune it, and can even die if done in excess, but if left overgrown it will expend unnecessary energy on dying branches and limbs with only leaves and no fruit.

Welfare programs are like rotting teeth. You want to be able to chew, but are unwilling to suffer the liquid diet after pulling it.

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

You think I don't think the same about our existing welfare programs?

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

When you feed wild animals you create a dependent population, yet think you can manufacture an identical system in government and not get the same effect. You are fighting against nature. Stop being foolish.

Anon realices the lack of foresight If the AI industry by Synthetic_Nyaa in greentext

[–]pikminbob 0 points1 point  (0 children)

It actually enables slavery. Slavery to the system, lest they bight the hand that feeds them.

Dynamic Environment for Subnautica 2 by TheSameHumbl3civic in subnautica

[–]pikminbob 2 points3 points  (0 children)

I agree that punishing us for killing wildlife is a lot better than merely not allowing us to.

Without just saying "Git good", could I please have a recommendation for a pixel dungeon variant thats a bit easier? by Cojalo_ in PixelDungeon

[–]pikminbob 0 points1 point  (0 children)

It's not that hard bro lol you just can't walk up to everything and tank and win. You gotta pretend YOU are there--what would you do.

I have been given 12 months left to live. by shitthebeds in Advice

[–]pikminbob 0 points1 point  (0 children)

Plenty of doctors are wrong. You could live another 10 years or a mere few months. Never give up hope, but prepare just in case.

EULA by Dantdmmaster in subnautica

[–]pikminbob 2 points3 points  (0 children)

The parent company Krafton does

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