# Twtxt is an open, distributed microblogging platform that # uses human-readable text files, common transport protocols, # and free software. # # Learn more about twtxt at https://github.com/buckket/twtxt # # This is hosted by a Yarn.social pod twtxt.net running yarnd 0.15.1@7fd3daed 2023-11-26T10:40:12+10:00 go1.21.4 # Learn more about Yarn.social at https://yarn.social # # nick = observer # url = https://twtxt.net/user/observer/twtxt.txt # avatar = https://twtxt.net/user/observer/avatar#ospbsyaymx66oksxapbnvfn3wacgghmmazllmtshj5pxninoypcq # description = A mere observer with an opinionated tongue. # # following = ## 2022-01-24T16:58:16Z (#qxp2zeq) @ that is a rather cynic approach. Antagonistic parties, under such premise, would never be able to work together for the greater good of the people they were elected to serve, don't you think? 2022-01-24T17:02:02Z (#t55cutq) @ it is composed by a cult like—not cult—mob. I will just leave [this](https://www.ft.com/content/9e787670-6aa7-4479-934f-f4a9fedf4829) here: "Crypto is essentially an economic cult that taps into very base human instincts of fear, greed and tribalism, combined with economic illiteracy as a means to recruit more greater fools to pile money into what looks like a weird, novel digital variant of a pyramid scheme." 2022-01-24T17:57:42Z (#nnn7vra) @, and you don't see a problem with a cap limit of 21 million coins? Equate that to limited editions, what is their inherent problem? What happens when that cap has been reached? 2022-01-24T18:09:39Z (#dnxzmya) @, I just wanted to add that paper money has cap, of course. It is a regulated one. Money also ages, and gets disposed. 2022-01-24T18:15:59Z (#nnn7vra) @ for those (I call them fools, but that doesn't sound nice, doesn't it?) who will want it, regardless of their price, having a limited cap would increase the value of the currency. That is a problem, because its intrinsic value is nothing, it always refers to a hard currency. 2022-01-24T18:45:07Z (#su7rjfa) @ about the Activist Post, I don't subscribe to extremism, and that site is borderline to it. At the very least it leans to far right, and I truly don't want to have anything to do with that. About your blog post, I have no comments. You know the saying, "if you have nothing good to say, better say nothing at all." 😅 2022-01-24T20:26:46Z (#su7rjfa) @ I am not trying to be hurtful, I just don't see things the way you see it, nor have interest on the sites you visit. We don't share the same perspective with almost anything, for what I have read in your past twts. I can converse—we are, somehow, no?—but I am quick at noticing what I don't want to get involved with, and chose to simply move on.

Want to converse? Do it in here. Use short twts with cohesive, concise, and clear information. If you claim something, back it with good, reliable sources. Just don't send me to blog posts, or rather obscure websites. 2022-01-24T21:04:54Z (#zcmmw3q) @ please point me to where I said to you to "shut up", would you? I say, if the idea is so complex that it can't be explained in a twt (or a short series), then it needs revision. Won't you agree?

I could not find anywhere in here a twt from someone accusing you of being a Trumpster. Could you link that one as well? As I said, I am merely engaging and voicing my opinions, just as you can voice yours. If you see that's not a viable path for discourse amongst us, I will move on. 2022-01-24T23:09:47Z (#zcmmw3q) @ I am not going back and forth. I am waiting for the engaging discourse promised. Bitcoin is a Ponzi scheme, that’s what I think. Convince me otherwise! 2022-01-25T11:54:40Z (#gl3wb3a) @ governments often do whatever it takes to balance out the economy of countries. There is a couple of things to consider on the graph, on the page you linked (for which I haven't done a research on accuracy yet, but let's assume it is correct). If you expand the graph you will see shaded areas on it, that denote US recessions. Also read the notes, specifically "Beginning May 2020", to see what's included on that graph, and the reason for the peak.

I am not understanding one thing, though. We do you see on that graph? What do you think it represents? 2022-01-25T12:13:20Z (#qxp2zeq) @ there are very few shared values and premises between two diagonally opposite political parties. It simply reaffirms what I wrote. Your starting sentence, which I didn't addressed on my reply, doesn't precisely give that warm and fuzzy feeling. 2022-01-25T12:20:20Z (#gl3wb3a) @ I think you need to [read some more](https://www.investopedia.com/terms/m/m1.asp), because you don't know what you are writing about. [This](https://www.moneyfactory.gov/resources/productionannual.html) shows you how much money is printed. 2022-01-25T12:27:15Z (#gl3wb3a) @ also, as you mentioned M2, there is [some reading](https://www.investopedia.com/terms/m/m2.asp) on that one as well. Nevertheless, where are you heading with this? Are you trying to prove that cryptocurrency is better than paper money, is that it? Not convincing me, so I will take your dollars, you keep your crypto. 😂 2022-01-25T18:58:35Z (#gl3wb3a) @ isn't that what all governments do? I want to think that sitting above us all, financially smart people—at least, much more smarter than me—who went to school, and studied these things, are making decisions that will not screw them, nor us. What approach would you take? What would your solution be? 2022-01-25T19:00:35Z (#6cblsua) @ but I thought you were referring to printing money, so isn't paper money what you are talking about? Everything digital in the bank has a paper backing.