freejulian

16 ms·

91.
by freejulian 9y ago
CPI does not include wages.
92.
by freejulian 9y ago
Yes, rents are certainly included in CPI. For me, it's more a question of weighting. When it's not uncommon to find people spending 50% of their income on rent, are rents being appropriately weighted in the CPI?
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by freejulian 9y ago
Wages are not increasing and that’s all that matters. Just because there’s significant inflation in healthcare doesn’t mean I’m better off — it’s all price inflation that is eaten by my employer. Compared to five years ago, I am not bette
94.
by freejulian 9y ago
As always, depends on how this data is being measured. Unemployment is low, but the labor force participation rate is also low. Are the jobs good quality? Wages are rebounding? I haven’t seen any evidence of this. There’s many people aski
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by freejulian 9y ago
I mean, my statements are pretty well documented at this point. 1) After adjusting for inflation, wages have fallen and rents have increased. They've been increasing at a pace of roughly 3% above inflation/year: https:/&#x2
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by freejulian 9y ago
All these explanations are rather complicated. I think the simplest explanation is the best: people don't have the free money to spend on clothing. This is evidenced by the following facts: 1) Wages have been stagnant 2) Cost of livin
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by freejulian 9y ago
Missing? Basic shelter needs increase in price roughly 8% per year.
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by freejulian 9y ago
Sorry, inflation in the price of things people actually want to buy. The government has every incentive to lie about real inflation.
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by freejulian 9y ago
Inflation is higher than 2.885%. Anyone buying bonds now is A) causing yields to drop B) still losing money to inflation.
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by freejulian 9y ago
As more people flee to bonds the price rises, sending yields even lower. Also, inflation is higher than 2%, so you’re still losing money. Bitcoin is the only safehaven in times like these, the market just hasn’t realized it yet.
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by freejulian 9y ago
That’s a bad idea. Yields can’t exactly go much lower.
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by freejulian 9y ago
Lightning uses the same routing algorithm as tor — it’s an onion router. It has the added benefit of no one in the network knowing where transactions are from or whom they’re to. With regards to channel capacity — fees in lightning are pro
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by freejulian 9y ago
0 conf transactions are incredibly insecure. If you accept one you are putting a great deal of trust in the person paying you. Bitcoin transactions are suppose to be trustless.
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by freejulian 9y ago
Not necessarily. Easy to build a lightning wallet that uses a hardware wallet for signing.
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by freejulian 9y ago
Bitcoin Cash can’t even scrape together enough transactions to form 100kb blocks. It’s rather disengenuous to say it’s scaling better when it has a fraction of the users. Furthermore, larger block size is directly related to centralization
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by freejulian 9y ago
Sure, but there’s services you can outsource that to. Furthermore, if you only use lightning for sending payments (the majority of us) then publishing an earlier version of the channel benefits you!