No one here like Orban, you’re being down voted because that is some of the shittiest political analysis I have seen. You’re chalking up reactionary populism to Communist nostalgia- there is no ideological connection between the two.

You literally are, that’s what you’re doing right here. You are saying your experience trumps the data.

Telling me what to think is totalitarian

Please, we’ve upgraded to RFC 6214

I heard their colon say mean things about pfizer

No, Cuban slang for the pro-american exiles is Guasano (worm)

Local and encrypted according to the company that just lost a lawsuit saying Siri totally wasn’t listening to you

You might need glasses then

Complete pipe dream, commodity backed currency means the currency issuer loses control of inflation/deflation to production of said commodity. For a commodity backed currency to maintain value, the commodity stores owned by the issuer have to grow in proportion to monetary demand (usually GDP growth).

Why deflation is bad: deflation means that as time goes on the same amount of money is worth more. This means that a viable way to invest the money is to hold onto it. Say there is yearly deflation of 4%, that means any investment which has a return lower than 4% is losing you money. Additionally intelligent consumers will cut down on purchases since they can buy more for less later. This leads to economic slowdowns and can self compound if suppliers decide to lower prices.

This is one reason why countries like inflation, it encourages spending and investment.

Bitcoin and similar crypto require new coins to validate all previous coins and interactions. Each new coin is exponentially more expensive than the previous. Therefore Bitcoin wealth is extremely stratified to early adopters who built up a collection before the value became this obscene.

Bitcoin and all similar crypto were intentionally designed to be self deflating, it won’t replace finance, it’s speed running the same problems. The reason almost every country on earth switched to fiat/self inflating currencies is that the best way to invest a deflating currency is to stash it and forget about it.

Great, how are you checking and enforcing this

Nononono, you don’t get it, it’s the adult thing to hold your nose and vote for the polite fascist. That way we get to go back to grilling and not caring how we actively make the world worse