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1. Woggy's Zeonic Frolicks (washedoutgundampilot@poa.st)'s status on Friday, 23-Jun-2023 04:25:52 JST Woggy's Zeonic Frolicks

   Elements I want to see addressed in all this econo-talk:

   • What effect does it have when 40% of the population is too brown to understand or intuit the intricacies of hyperinflation? What if the regime can propagandize them into acting as if it doesn’t exist no matter how much they suffer?

   • In what ways does the crypto industry alter the cycle? If you were running this system, how would you use your influence to wield crypto as a weapon and tool to your advantage?

   • Turd Flinging Monkey (tfmonkey@merovingian.club)'s status on Friday, 23-Jun-2023 05:41:00 JST Turd Flinging Monkey

     in reply to

     @WashedOutGundamPilot even if people don't understand the mechanics of inflation, they'll understand starving to death. Just look at Zimbabwe. They kicked all the white people out, printed their country into bankruptcy, and are now starving to death.

     Economics is an intelligence check for a civilization. If you don't pass, you die.

     https://news.un.org/en/story/2019/11/1052411

     Woggy's Zeonic Frolicks likes this.
   • Woggy's Zeonic Frolicks (washedoutgundampilot@poa.st)'s status on Friday, 23-Jun-2023 05:43:10 JST Woggy's Zeonic Frolicks

     in reply to

     • Turd Flinging Monkey

     @Tfmonkey We aren’t JUST like them though, we’ve got legions of 98 IQ brown women w/ smartphones glued to their face. None of africa has had the same economy we do, where 4/5ths of the money floating around comes out of the hands of a woman.

     How much of an effect can it have to subject them to a constant stream of “You may think inflation is soaring, but you’d me wrong. It’s ACTUALLY getting better!“ articles and algo-pumps? Women live in a fantasy world to begin with

   • Ame (americanchampion@poa.st)'s status on Friday, 23-Jun-2023 09:06:35 JST Ame

     in reply to
     @WashedOutGundamPilot 1. We're essentially dealing with stereotypical medieval peasants - they don't know what an "economy" is. Maybe they'll riot if they can no longer afford doritos and soda, but I think they're too low-agency to riot when not being told to do so. The upshot is that that 40 percent lives off of welfare, and does not contribute anything meaningful, meaning that there is neither a positive contribution to be erased nor a negative consequence to be enacted as a result of their happiness or unhappiness.
     
     2. As near as I can tell, Crypto is largely a way of signaling that you oppose the status quo, both when an individual buys it and when a government tries to facilitate its adoption. It has practical value in grey market transactions and in financially supporting popular dissidents anonymously, but it's not a currency yet. Thinking adversarially, suppressing the price of crypto is a fairly guaranteed way to financially harm anyone who disapproves of the regime. I've heard conspiracy theories about "CBDCs", but it doesn't sound plausible to me, given the fact the government couldn't even roll out a health insurance website back when its tech personnel were a lot more competent and a lot less brown.
   • Woggy's Zeonic Frolicks (washedoutgundampilot@poa.st)'s status on Friday, 23-Jun-2023 09:06:35 JST Woggy's Zeonic Frolicks

     in reply to

     • Ame

     @AmericanChampion See even that’s way too positive about crypto. I think the whole bullrun was meant to act as a state-inspired and backed monetary heat sink to make sure all disposable income got sucked into the crypto ecosystem instead of accelerating the purchase of real-world assets that would worsen inflation through 2020/2021.

     Notice that they didn’t do shit to stop it until they were comfy with the rescinsion of lockdowns and the assurance of electoral stability. It served its purpose. It’s a bonus they got to roll up the casino for good and fleece millions of young gambling men in the process

   • Woggy's Zeonic Frolicks (washedoutgundampilot@poa.st)'s status on Friday, 23-Jun-2023 09:33:20 JST Woggy's Zeonic Frolicks

     in reply to

     • Ame

     @AmericanChampion Bitcoin was getting breathless coverage in every normie news cycle to the point my grandma wanted to buy it. That kind of thing doesn’t happen when the previous stance was “ew, that’s what drug dealers use to trade CP right?”

     There were plenty of conversations behind closed doors where they said “nah it’s fine, let it run.” I”m tired of listening to crypto enthusiasts be so willfully blind about this monster they’ve enslaved themselves with. They hardly think anyone but them could ever use it against them, nevermind the fact they’ve gotten bent over like clockwork by bigger players.

     Every failure is forgotten, and I’m treated to another 6 hour session with some monkey.jpeg owner excitedly telling me that crypto shit is going to free us from the governmental monetary system. “Oh it’s the gold standard to fight inflation, man!” - except the part where we’re careening off the inflation cliff and bitcoin is being outperformed by orange juice

   • Ame (americanchampion@poa.st)'s status on Friday, 23-Jun-2023 09:33:21 JST Ame

     in reply to
     @WashedOutGundamPilot The counterargument I'd make on that front is that the events that played out are the same as the events that'd play out without any foul play. The government needs time to respond to anything new that's outside its control - even the people at the very top don't necessarily understand how to handle all of the finer points about enforcement. Most of the scam stuff was fairly organic - MLM types making the standard pyramid scheme pitches. On the front of motivation, I think creating a handful of less-than-politically-reliable new rich guys is more harmful than bilking a few million random late buyers out of their money is helpful.
     
     When I want to know whether something's a conspiracy, the thing I check first is whether the official story is insufficient to explain what happened.