RE: Hive Subsidized Debt
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Yea only worked better then anything else for 5000 years. The Great Depression example makes no sense. You are blaming Gold for that? Respectfully I question many of the things you claim these days. You think the Gold standard is dumb but think a APR of 100% can last and promote them even down 95%. Have fun with that.
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Don’t mean to sound annoyed. It’s just getting a bit scammy promo on these posts to be frank.
I’ll move on.
100% yearly ROI can and has and will continue to happen with Bitcoin.
It's obviously a very possible outcome for DEFI if done correctly.
There are many reasons why it hasn't been done correctly, which I have also explained in detail.
It makes perfect sense in terms of velocity of money and Gresham's law. Kinda seems like you just skim over what I write, see something you don't like, rage blackout, and then post a comment about it.
You think it's a coincidence that the gold standard ended during the middle of the Great Depression?
Because it's totally not.
If the gold standard was so great, shouldn't that have fucked everything up a hundred times worse than it was before? Can you show evidence that the economy got worse in 1933? No, you can't, because it didn't.