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/biz/ - Business & Finance

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5382323 No.5382323 [Reply] [Original]

>cool new industry
>can help the economy
>TIME TO PAY EXORBITANT TAXES FOR SOCIAL PROGRAMS YOU DONT BENIFIT FROM GOY
I FUCKING HATE TAXES

>> No.5382383

>implying this board isn't filled with NEETs living off of autismbux

>> No.5382395

>>5382323
>can help the economy

How does cryptocurrency help the economy? If anything, it hurts the economy because people are putting all their money into it and so have less to spend.

>> No.5382452

take it back anon. take back everything that was taken from you. investing in crypto is only the beginning of freedom.

>> No.5382458

>>5382395
are u economist? hahhaha look a tthis noob

>> No.5382489

>>5382458
>are u economist? hahhaha look a tthis noob

No, but you must be, right? Think about how stupid your post is. I actually gave a reason for why I think it's bad and you just laughed because your brain is tiny.

>> No.5382501
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5382501

>>5382458
Deflation is shit
If enough people use deflationary coins as their only currency, prompting businesses to use it, it can cause deflationary spiral. Google it goy

>> No.5382523

>>5382395
The economy is so much more than mindless consumption.

>> No.5382526

>>5382395
It’s whats going to come out next year
If REQ and OMG accomplish what they want it should be a boon

>> No.5382595

>>5382501
deflation is fantastic, but what is more important is interest rates. the "PeoPLe WonT SPeND monEy If TheIR MONeY deFLATEs" is seriously one of the stupidest things I ever read. People will spend money regardless- you need to for survival, and mindless consumerism isn't good anyway.

>> No.5382752

>>5382595
There are examples in history of people not spending money when it deflates. Even when it doesn't and inflation just slows down. Consumer spending declines.
The problem is that when people spend less, businesses produce less and lower prices. They lay off workers, or go out of business.
A classic one is the great depression, deflation by 10%/year, 25% unemployment. Consumer spending down 10%