javert

60 ms·

571.
by javert 7y ago
> relieving letters and bonds I don't know what a relieving letter is and I only know of a bond as a debt instrument. Can you explain?
572.
by javert 7y ago
> I live in a poor country which is poor mostly because the established economic powers are able to strangle new centers of wealth creation in the cradle, using the government and laws. Don't let that happen in your country. Is ther
573.
by javert 7y ago
Another option is "sound money" (historically, this was gold). If you had a sound money option available, people could save wealth without going further out on the risk curve. At this point, even high-quality corporate bonds are g
574.
by javert 7y ago
> I am pretty sure they want the treaty honored and want their tribal rights as promised. They were promised a delegate to Congress. Not statehood, which is what I'm responding to. I think they should get their delegate if they want
575.
by javert 7y ago
I mean, you're arguing against a point I didn't make, but I'll take the bait anyway.... People should not be forced to go further out on the risk spectrum than they want to by government policy (which is what you are suggesti
576.
by javert 7y ago
You didn't offend me. Yeah, I didn't pick up on the "don't be the guy" thing being a riff on what I said, so that makes more sense.
577.
by javert 7y ago
I don't agree with you, but I upvoted you. Bitcoin was designed to replay gold/fiat money, but definitely hasn't grown up yet in terms of liquidity. That's OK in my book.
578.
by javert 7y ago
arcticbull, I feel like you have a pattern of being too aggressive with me. Just pointing it out. I have a pattern of being too aggressive in the past and I am trying to tone it back. I appreciate having people to disagree with me, so pleas
579.
by javert 7y ago
You're saying that the less Germans learned from hyperinflation in the Weimar Republic is to hold lots of fiat money? Sounds backwards.
580.
by javert 7y ago
It's not really a bank because you aren't making loans because interest rates are negative. If interest rates were positive, you would want to make loans, but then nobody would want to put physical euros into your vault in the fir
581.
by javert 7y ago
Instead of having a vault with just 100M euros, it probably makes more sense economically to build a huge vault that can store billions of euros, and then charge people to use the vault.
582.
by javert 7y ago
There is no such thing as intrinsic value.
583.
by javert 7y ago
Scarcity alone is not enough to make something valuable. The value of gold comes from the fact that is has been a financial hedge (safe haven, at least to some degree) for a very long time, and presumably will continue to be for a very long
584.
by javert 7y ago
In my experience, overwhelmingly, intrinsic value means something has value "just because." That's how most people discussing monetary concepts use the term. Also true in philosophy. It's basically a magical thinking&#x2
585.
by javert 7y ago
Bitcoin was designed to be honest and sound money. In the way that gold once was. Contrary to the way fiat money is. For now, the fundamentals are simple: supply side is fixed and known, and demand is speculation. In the ideal case for bitc
586.
by javert 7y ago
Branch manager may have been in on the graft with the ATM maintenance guy.
587.
by javert 7y ago
> A worst-case scenario for the US is higher interest rates [wiping out current bond investors] combined with lower equities [wiping out current stock investors]. This yields inflation and removes the levers of economic control from the
588.
by javert 7y ago
Seems like they are in step with the times. Brawndo: it's what plants crave.
589.
by javert 7y ago
Well, IMAP works fine, so it's not the protocol.
590.
by javert 7y ago
That seems like a pretty entitled attitude.
591.
by javert 7y ago
> When we didn't have subsidies, we had underproduction of food crops because of the vagaries of market forces. This lead to starvation and displacement. No idea at all what you're talking about. The last time a Western non-pla
592.
by javert 7y ago
> The problem is it's not planned enough The government is not a good planner. End of story.
593.
by javert 7y ago
I think people aren't skeptical about this because it lines up with what they already expect. That's the case for me. If the guy is lying and it's all made up, I'd still wager that if you assembled a collection of 130
594.
by javert 7y ago
> I prefer to live in a free but insecure world than in a perfectly safe but not free world. People on Hacker News will upvote that when it is about encryption, but downvote it when it is about financial markets (e.g. the SEC). Just an o
595.
by javert 7y ago
> It's just about the only thing the Koch brothers and Soros can agree on. Is that really true? To me, both Soros and the Kochs seem to be somewhat close to classical liberalism. Mostly free people, mostly free markets, etc. As such
596.
by javert 7y ago
To say that it's "vastly more economically viable" to spend $300 billion fixing insecure software rather than simply making it secure in the first place is fallacious. If you made the software secure in the first place, you
597.
by javert 7y ago
I don't think providing welfare should outweigh a citizen's freedom to exercise his or her own judgement. If it's between those two, don't give welfare. You may disagree, but this is a valid point of view. > you know
598.
by javert 7y ago
You can make this joke, and there are hypocrites of this particular type, but that isn't actually an argument for more regulation.
599.
by javert 7y ago
The government doesn't know what is and isn't a fraudulent investment scheme. Sometimes they err in either direction: claiming something is fraud when it isn't, or claiming it isn't fraud when it is.
600.
by javert 7y ago
I disagree. For me, being barred by the government from making an investment is a bug, not a feature. Although it isn't obvious, I would hold that this is true for any rational investor. In reality, these sorts of regulations only exis

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