lottin

21 ms·

271.
by lottin 3y ago
Yeah, I agree... that's what I'm saying, it's ineffective.
272.
by lottin 3y ago
Really? Did you read that somewhere?
273.
by lottin 3y ago
Sorry, this is a lot of nonsense. Any government that has the ability to prevent dissidents from paying for stuff also has the ability to employ much more brutal and effective methods of quashing dissidence.
274.
by lottin 3y ago
From the interactions that I've had with many supporters of cryptocurrencies on Twitter and Reddit, I don't think that this a common understanding of the word "trustless" (which literally means "without trust",
275.
by lottin 3y ago
Right, it doesn't interact directly with other wallets, but it has to interact with other parties using an electronic protocol in order to be useful. So a piece of paper isn't enough. Some kind of electronic machinery is requi
276.
by lottin 3y ago
So clearly pen and paper doesn't work, since it isn't possible to sign a transaction and broadcast the message to the network using only a pen and a paper. Writing a software wallet would involve using third-party compilers, opera
277.
by lottin 3y ago
How does a "paper wallet" work? I thought a wallet in order to work had to interact with other wallets?
278.
by lottin 3y ago
Nobody can build their own wallet directly from raw materials. Even in the very unlikely event that they had the know-how, they would still require highly specialised equipment manufactured by third parties. Therefore users of "crypt
279.
by lottin 3y ago
The EU is a single market, with free movement of capital. This means the risk-free rate ought to be the same EU-wise regardless of currency. If interest rates are significantly higher in a particular EU country compared to the rest, it pr
280.
by lottin 3y ago
I think the problem is that knowing the wallets that have received transfers isn't enough. They also need to identify the parties that control the wallets. As far as I know blockchains don't do KYC, so I'm having a hard time
281.
by lottin 3y ago
I see... you mean banning interest. That would be a form of price control, and price controls don't tend to work very well, historically. The idea that there isn't enough money to pay interest is "interesting", but unf
282.
by lottin 3y ago
Well, of course... but if they're relying on court orders how is exactly blockchain technology helping in this process?
283.
by lottin 3y ago
What do you mean clawbacks? Blockchain transactions are irreversible, right?
284.
by lottin 3y ago
I don't think that this makes any sense. Debt is inherent to the act of lending. A loan that doesn't have a debt attached to it isn't a loan, it's a donation.
285.
by lottin 3y ago
The issuer of a bond only promises that they will pay the principal of the bond back with interest. They don't promise that the bond will hold its value in the market.
286.
by lottin 3y ago
A bank is a business and businesses fail sometimes. This is inevitable.
287.
by lottin 3y ago
> National governments should control their own money, scrap interest entirely. Let the market decide what each currency is worth for international trading. Isn't this how the current system already works? Except for the "scrap
288.
by lottin 3y ago
How is any of this partially thanks to the blockchain?
289.
by lottin 3y ago
You could say "in 1958 this home was worth ~$300k in today's dollars" which is less misleading.
290.
by lottin 3y ago
Prices of articles can vary due to changes in the price level and due to other causes (such as obsolescence, changes in consumer preferences, and so on). CPI only informs us about changes in the price level, it doesn't tell us anythin
291.
by lottin 3y ago
It's precisely a carbohydrate. https://startingstrength.com/article/sugar
292.
by lottin 4y ago
I don't know why sugar intake needs to be minimized. Sugar is simply a carbo-hydrate, I don't think it's special in this regard. But maybe I'm missing something.
293.
by lottin 4y ago
Oh, yeah? How does a retail investor settle a transaction without going through CB broker?
294.
by lottin 4y ago
Does Coinbase do any of the following? - custody of assets - margin trading - customer support If the answer is yes, then Coinbase is providing typical brokerage services which could be provided instead by firms independent
295.
by lottin 4y ago
Okay... I see this is going to be a tough one. You're not adding an intermediary. The broker and the exchange do different jobs. Coinbase is an exchange and a brokerage firm. Under the current arrangement, Coinbase is providing it
296.
by lottin 4y ago
Market cap is meaningless. Using market cap as a metric anyone can become the richest person in the world. See here: https://www.youtube.com/shorts/igENXZRECOs
297.
by lottin 4y ago
There's nothing revolutionary about it. Commodity money was the original form of money. Crypto-currency is an attempt to create digital commodity money, except that this is obviously impossible. Instead they have created a fiat curr
298.
by lottin 4y ago
The ability of a service provider, such as a broker, to set prices above production costs depends on the amount of competition in the market. The higher the competition, the thinner the margins are going to be. So, a monopolistic broker t
299.
by lottin 4y ago
Where? An asset that loses 70% of its value in a week is hyperinflationary. This is literally what hyperinflation means.
300.
by lottin 4y ago
You're missing the point. Cryptocurrencies are specifically designed to evade regulations. Everything else —efficiency, cost, convenience, usability— is sacrificed in order to achieve this goal.

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