irln

9 ms·

31.
Atlas 5 Live Coverage(spaceflightnow.com)
1 points by irln 9y ago|0 comments
32.
by irln 9y ago
Do you mean that it's not "a real thing" because some banks are not limited to loans amounts within reserve requirements?
33.
by irln 9y ago
Isn't it a central bank-centric issue?
34.
by irln 9y ago
Think of currencies as placeholders of value. When you work you create value and unless you want to trade that value directly for an asset that isn't a currency (think barter) you exchange the value for a currency. The currency acts as
35.
by irln 9y ago
Not advocating for or against the fed or advocating for or against crypto currency but instead attempting to answer your three main questions. > What do you think the Fed was attempting to do? The Fed was attempting to save a system fro
36.
Elon Musk's claims 'full of crap': GM executive(theleader.com.au)
1 points by irln 9y ago|0 comments
37.
by irln 9y ago
Simultaneously they are banning all non-autonomous cars.
38.
by irln 9y ago
A medium of exchange is usually an asset that can be exchanged for any other asset. It's not that bitcoin can't be a medium of exchange, it just isn't one yet.
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by irln 9y ago
Seems like terminology is what causes a bunch of the confusion. Bitcoin is used synonymously with ICOs. Bitcoin vs. Ethereum and the ICOs that spawn from it are not the same. Bitcoin is continually referred to as a currency...and it might b
40.
Ask HN: How does Proton compare to SpaceX?
1 points by irln 9y ago|1 comments
41.
A Course on the Economics of Money and Banking(coursera.org)
4 points by irln 9y ago|0 comments
42.
by irln 9y ago
[1] Federal Reserve Economic Data (charting) - Treasure trove of data. [2] Balance sheet of the fed [3] Access to all the flows of the US Money System [4] Monthly Treasury Statement (MTS) - The Bank money flows of all accounts of the US Gov
43.
by irln 9y ago
I recommend Perry G Mehrling [Columbia], (free) course on coursera [1] called Economics of Money and Banking. It provides a great context for how the current monetary system works. This context helps a bunch when comparing it to crypto. [1
44.
by irln 9y ago
Not saying this is true, however, I believe the fear of deflation on the "non-shrinking money supply" is that if the money supply doesn't expand beyond a certain point (e.g. bitcoin 21M limit), folks will horde the medium of
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by irln 9y ago
It's a potential storehouse of value (currently) that could transition into a currency (medium of exchange) if adopted as such.
46.
Ask HN: Why debttothepenny hasn't moved more than +/- a billion since 3/15/17?
3 points by irln 9y ago|0 comments
47.
Mazda Creates the Holy Grail of Gasoline Engines – HCCI SkyActiv-X(youtube.com)
19 points by irln 9y ago|0 comments
48.
Building a Water-Powered CubeSat(blog.hackster.io)
3 points by irln 9y ago|0 comments
49.
by irln 9y ago
Maybe I'm cynical but does a connection exist between sudden renewed interest in Kacynski and a discovery channel docudrama being released?
50.
by irln 9y ago
I use google docs and title the doc with a broad question or the search terms. I then answer the question or put in the research in the body of the doc. The search engine for the docs is then my own personal google.
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by irln 9y ago
The key is the trust that this special power that the Federal Reserve and Banks in general have to create the medium of exchange. If that power is used in such a way that all participants are not treated fairly, the system is ultimately uns
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by irln 9y ago
If I create my own medium of exchange (MoE) it's only valuable to someone else if that MoE can be used to purchase goods or services from anyone in the system. What would incentivize Amazon or my local baker to accept my currency?
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by irln 9y ago
> Like a universal, self-granted credit/debt system? Not being sarcastic, but how does that work?
54.
by irln 9y ago
The main issue isn't solved by replacing fiat currency with a digital crypto currency. The problem that must be solved is how do you manage (the creation/destruction) of a medium of exchange in a manner that is equitable to ALL pa
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by irln 9y ago
The Double coincidence of Wants is solved by any Medium of Exchange (MoE). The bigger issue in my opinion is how to manage the creation of new MoE. The current system "solves" this by empowering a group (banks) to issue new MoE vi
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by irln 9y ago
First clip of Honnold's climb: https://goo.gl/LZ1jcq
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by irln 9y ago
> Does anyone think the same kind of extreme care taken by the Fed is going to be replicated? What are some examples of where "the extreme care" has resulted in long term positive outcomes? The paradox is that a modern society
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by irln 9y ago
> As far as I know, at least in the US, the central bank is not involved in bank runs. The FDIC is involved if the bank fails, the central bank is involved to prevent the bank from failing. So the central bank is very much involved in th
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by irln 9y ago
> The entire world banking system for hundreds of years was based on credit backed by gold Just adding that the system above, rightly or wrongly was not sufficient for the expanding credit requirements of the world. > so it definitely
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by irln 9y ago
> Of course you can. People deposit BTC in your bank, and you then loan that out to others while telling the depositor that they can withdraw at any time. First, without a change in bank legislation and/or rules, I'm not sure a

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