jvm

30 ms·

241.
by jvm 14y ago
But even if they are willing to pay a premium, at a $100 spread there should be a lot of traders willing to jump into the market which would close the gap, unless they are prevented from doing so. If there are capital controls they are sure
242.
by jvm 14y ago
This is why it's so annoying that Albany vetoed the congestion pricing plan. Congestion pricing would keep vehicle traffic down to acceptable levels without discriminating based on type of vehicle. Still though it should be recognized that
243.
by jvm 14y ago
> However, BTC China is still trading at above $275 Spreads for fungible commodities are generally not good. They mean that either a) somebody is getting massively screwed by paying a price that's way off the mark, or b) nobody's actual
244.
by jvm 14y ago
The price is flailing wildly due to the DDOS against Mt Gox. They talk about it here: https://mtgox.com/press_release_20130404.html ...but as mikebo pointed out that link is from an older incident.
245.
by jvm 14y ago
Yeah parent would have been precise referring to the low volatility rather than the inflation of fiat money.
246.
by jvm 14y ago
The trick in Argentina's case is that they have fixed the exchange rate to USD at an unfair amount and have enacted capital controls restricting the movement of currency into and out of the country. This is basically for the purpose of prev
247.
by jvm 14y ago
In this case though the real problem you're dealing with is that the Argentine government has enacted capital controls (from an outsider perspective, it looks like this is to force people to use pesos while they monetize away their spending
248.
by jvm 14y ago
I think the two reasons are 1. Because that's not anarchist enough for some of the rabid anti-society supporters. 2. Perhaps a bigger deal, it's actually easier said than done. What metric will be used to determine value? If the network is
249.
by jvm 14y ago
"Real" prices are almost always measured in CPI terms, although sometimes the GDP deflator is used (it was CPI in that chart). The real value of gold was (relatively) flat until gold convertibility ended in 1971 because the price was being
250.
by jvm 14y ago
> You can't buy groceries with gold or silver coins, but they're a fantastic store of value and time-tested investment. Real value of gold: http://static.cdn-seekingalpha.com/uploads/2013/2/18/1019887... That is very much not my idea
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by jvm 14y ago
Indeed goods and services have gotten extremely cheap in the past few months!
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by jvm 14y ago
> The bar is essentially the same since browsers execute all, 1st and 3rd-party JS by default. Not mine :-) (But point taken)
253.
by jvm 14y ago
Those are good points. I agree that it's essential to have a way for ripple issues to trade at discounts (another way of saying this is that "Trust" should be continuous rather than binary and it should be dynamically set by markets if poss
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by jvm 14y ago
There is a really cool project called Ripple that's designed to do exactly what you suggest: build a P2P transaction system where Bitcoin or USD or whatever you want is the "specie gold." It's basically a distributed banking system which IM
255.
by jvm 14y ago
Yeah they definitely need to stabilize its value somehow . I'm actually not totally sure if NGDP-LT is optimal in a free-banking scenario though. But certainly some sort of value stabilization is.
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by jvm 14y ago
My thinking about this is that people are both sellers of a product (their labor) and human beings. I think this is what got way too mixed up in the Marxist framing of socialism and needs to be unwound. I don't think people should have righ
257.
by jvm 14y ago
IMO the "self-taxation" ideas you mention would be much less welfare-enhancing than donating to givewell-approved charities, I like the spirit though! Details: http://www.givewell.org/giving101/Your-dollar-goes-further-o...
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by jvm 14y ago
Note to anyone who's designing cryptographic currency 2.0: stabilize the price next time. It doesn't have to be tied to USD but it should be tied to something . Control over the supply automatically gives you control over the price, you ca
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by jvm 14y ago
Someone has to pay for the increased minimum wage too. I agree with parent that EITC has more bang for the buck if you're interested in helping the poor. I guess someone on the right would just want neither; fair enough I say. WONKY ASIDE:
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by jvm 14y ago
Agreed but that is a Bad Thing™.
261.
by jvm 14y ago
During a supply shock, the fed should allow inflation to increase because prices are rising for a real reason. But equilibrium wages should remain steady because workers aren't becoming more productive. Basically this is just a way of sayin
262.
by jvm 14y ago
I think parent was talking about the increase in income and consumption taxes as a result of the new worker paying income tax, capital gains tax due to the higher returns to capital, and the increase in consumption all around (resulting in
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Ripple: Bills of exchange 2.0 (P2P Banking)(jpkoning.blogspot.kr)
1 points by jvm 14y ago|0 comments
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by jvm 14y ago
No. I think parent is being a little sensationalist. Graphical evidence that the war on drugs specifically is the problem: http://upload.wikimedia.org/wikipedia/commons/e/e2/US_incarc...
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by jvm 14y ago
This perspective focusses on our cultural preferences, but there Singapore has very liberal immigration policies relative to other rich countries, providing many from more impoverished neighboring countries a route to advancement. Also not
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by jvm 14y ago
Washington State actually seems the most disproportionately represented (relative to population)
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by jvm 14y ago
> "Mexico: Learning from China's Success" This stuff always drives me a little nuts. GDP per capita (PPP) (Wikipedia) Mexico: $15,177 China: $9,146 HDI (Wikipedia) Mexico: .77 China: .66 Percent living on $2 / day (PPP) http://data.wor
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by jvm 14y ago
You may need to unblock scripts from jasq.org.
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by jvm 14y ago
My issue with exciting things like this and solar heating is that in most cases we are nowhere near the technological limit of climate control efficiencies that can be achieved with a reasonable amount of effort. My aunt was selling solar h
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by jvm 14y ago
I really wish the US was on that chart!

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