Breve

Wrong, Bitcoins are mined at a fixed rate that decreases over time until the supply reaches 21 million, then there will be no new Bitcoins created: https://crypto.com/bitcoin/how-many-bitcoins-are-there

Easy: Votes are an unlimited resource because a user can vote on as many posts as they want and a person can create basically unlimited user accounts, thus the fediverse would be like a market where everyone can create money out of thin air, defeating the purpose of having a market at all.

The fediverse would be more like a market if users had to "earn" votes by posting stuff other people vote on then "spend" those votes on other people's posts. Then votes would be a limited resource that would make sense to apply market principles to.

My new rule of social media: Unless I know and trust the person or the organization making a post, I assume it's worthless unless I double check it against a person or organization I trust. Opinions are also included in this rule.

Okay, so if giving a smaller group of people who earn minimum wage a 10% increase would cause these price increases, wouldn't it be far worse to give everyone a flat 10% personal income tax cut? Surely that would make inflation go absolutely bonkers as greedy capitalists all raise prices to gobble up the extra money flowing into the hands of the people and leave them no better off right? How about we raise taxes instead and the opposite happens, people can't afford these things and corporations and landlords are forced to drop prices to meet the new "supply" of general wages, making no material difference to the individual person but instead clawing that money from the capitalists back to the government who can spend it on public works like infrastructure, welfare, even subsidized housing for low income earners?

Why does the cost of living go up by the same amount though? Yeah some domestic industries that rely on low income workers like food and agriculture would have increased payroll costs, but how are other major living costs like rent, foreign made goods, and transportation tied to minimum wage?

I love asking them to explain what negative consequences raising minimum wage would have for inflation and the economy, then asking them to explain how lowering income taxes wouldn't be even worse.

Again, I'm no Elon stan. You don't have to convince me he's a dbag, and I wish some other competitor would come along with something better.

That's what the government should do then, help create a Canadian competitor... 🤷

I sure hope those 2nd amendment fanatics can afford the naval vessels and foreign military bases they're going to need to get involved in the South China Sea! 💸

Military spending in 2023 (in billions of US dollars):

United States: 916
China: 296
Russia: 109
India: 83.6
People who own a "don't tread on me" flag: 0*

(* Rounded to nearest significant figure)

Oh hey look, we have the real world Firecracker!

That's a really big rug they put in there. Would be a shame to everyone else if they were to pull it out suddenly.

Money.