freejulian

10 ms·

31.
by freejulian 9y ago
You’ve chosen an arbitrary amount of Bitcoin and said “1000$ for this arbitrary amount is absurd!!1” Would you feel better if I told you one satoshi is worth $0.00008?
32.
by freejulian 9y ago
Um, I thought I was pretty clear: when the fed prints money to buy a specific asset, then it’s free money for the asset holders.
33.
by freejulian 9y ago
Ummmmm, you’ve got it around the wrong way friend. The central banks are buying the bonds. You had already taken on the risk of buying the bond. The fed then came and said, “I’d like to buy your bond and give you 20 years of interest pay
34.
by freejulian 9y ago
Well, I mean, the greatest economic booms in American history happened when our money was backed by gold. When the dollar came off the gold standard in the 70s, we saw wages decouple from productivity. This is not a coincidence.
35.
by freejulian 9y ago
Absolutely, had I realized what the fed was doing when QE was happening I would have definitely done that. And a lot of people smarter than myself did do precisely that! Inflation is only “incredibly low” if you cherry pick the basket of
36.
by freejulian 9y ago
It is free money. If you bought a bond for 30 years today, and the fed came along and said they’d give you what you paid for the bond plus 20 years of interest payments, how is that anything other than free money?! Without conflating saving
37.
by freejulian 9y ago
Anyone can mine. Anyone can earn bitcoin. Early adopters have been rewarded, sure, but the distribution of bitcoin has been steadily increasing. The vast majority of the world is able to exchange their local currency for bitcoin should t
38.
by freejulian 9y ago
“QE involves a shift in the focus of monetary policy to the quantity of money: the central bank purchases a quantity of assets, financed by the creation of broad money and a corresponding increase in the amount of central bank reserves. The
39.
by freejulian 9y ago
He didn’t hide from what he was doing - he embraced it. Make no mistake, big pharma is doing the exact same things. I for one am appreciative that he called attention to the power monopolies have over the pricing of medicine. He had the bo
40.
by freejulian 9y ago
We don’t have a stable CB backed currency today though. The USD loses, at best, 2% of its value a year. That’s not stable.
41.
by freejulian 9y ago
There will always be buyers. The properties of bitcoin appeal to a great many people.
42.
by freejulian 9y ago
Yes, to escape the mess made by the federal reserve people will run to FedCoin! Doubtful. Also, bitcoin is very stable.
43.
by freejulian 9y ago
Why would anyone choose to hold a coin controlled by the central banks if it’s the system created by the central banks they’re trying to escape? The safest and most proven cryptocurrency is Bitcoin - and that’s where the flight to safety w
44.
by freejulian 9y ago
Of course -- it's unreasonable to think that all miners would exit at the same time. Different miners have different margins. Miners exit when it's no longer profitable for them. I don't quite see what the problem is.
45.
by freejulian 9y ago
Your uninformed opinion only serves to mislead others. You should at least have the courtesy to preface your post with a "I don't know anything about Bitcoin" to warn other readers. Anyways: The mining difficulty is dynamic.
46.
by freejulian 9y ago
Wow, you named one. Congrats. I'm referring more to small businesses. To name a few I've seen: A bed and breakfast I stayed at in Tulum, a cellphone repair shop not far from my home, a small theater also near my home. Bitcoin h
47.
by freejulian 9y ago
Why do you think it's useless as a currency? I've noticed "We accept bitcoin" signs more and more frequently. I've also used it to pay friends who live abroad. I don't think you've actually ever used bi
48.
by freejulian 9y ago
Throw in lightning and all of a sudden bitcoin can handle millions of transactions per second using only 6% of the power consumed by the world's banking sector. Not too shabby.
49.
by freejulian 9y ago
> Poor people don't have savings. What sort of nonsense is that? A lot of people don't have savings, sure, but there's also a lot of working class individuals who are financially responsible enough to save. > If they d
50.
by freejulian 9y ago
As I said, if you're wealthy, you buy real estate to park your wealth. If you're poor, you just watch your savings wither away. Heck of a system you're supporting.
51.
by freejulian 9y ago
Having to fight with your employer year after year for the same wage? Working class unable to effectively save because interest rates are well below the rate of inflation? Unable to reason about what's a reasonable price because the
52.
by freejulian 9y ago
Inflation is nothing more than a wealth transfer from the working class to the capitalist class.
53.
by freejulian 9y ago
People want to store the value they’ve earned. If you don’t provide that functionality in your currency people will simply find an alternative. Today people use real estate to park their money. Personally I’d rather money provide that st
54.
by freejulian 9y ago
I mean, Citadel is far more secretive than any of the companies in the valley. Just because you don't see the innovation doesn't mean it isn't happening. Citadel pays salaries on par with the valley and is widely respected
55.
by freejulian 9y ago
You’re just in denial now, you’ve clearly had plenty of the Valley’s koolaid. It’s hilarious that you don’t think the worlds largest market maker isn’t doing “algo/prop work that could fall under the umbrella of tech.” Don’t be afrai
56.
by freejulian 9y ago
I don’t know about you, but when I review resumes I look at what they’ve done, not what brand names I recognize. Frankly, when I see a name from the Valley such as Facebook, I assume it’s a script kiddie web developer who’s primary experie
57.
by freejulian 9y ago
What nonsense. Sure, the valley can teach you some new JavaScript frameworks and how to best invade your users privacy to sell ads, but real programming happens everywhere. There’s plenty of ways to launch your career without working for
58.
by freejulian 9y ago
I know several people, including myself, who have cashed out 6 figure sums. Never any problem. Just need to use a reputable exchange like Gemini.
59.
by freejulian 9y ago
> People have made claims like this for years now. It's bullshit. People used to say, "I don't need a network connection, I can conduct transactions on paper." Leaving out the detail that at some point it has to get i
60.
by freejulian 9y ago
> , part of the team working on a cryptocurrency called Nano Please, stop shilling.

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