lottin

27 ms·

361.
by lottin 4y ago
The role that commercial banks in money creation has been known since much before the 2000s. It's all laid out in Keynes' General Theory which was published in 1936, and it wasn't even a novel idea at the time.
362.
by lottin 4y ago
I don't think bitcoin is superior, in fact I think it's inferior, that's the point.
363.
by lottin 4y ago
I don't think I'm following you. You're using technical terms such as 'parameter space' in the wrong context. Maybe you want to sound clever, but you aren't making a lot of sense.
364.
by lottin 4y ago
This is to say that if demand outpaces supply, price is going to go up. However, this is true of any asset. So why mention specifically 'crypto', as if there was something magical about 'crypto' that means it's bo
365.
by lottin 4y ago
As far as I can see, the business model of cryptocurrency exchanges revolves around the speculation use-case, since they profit from matching buyers and sellers of cryptocurrencies. If cryptocurrencies worked as advertised (i.e. as a peer-
366.
by lottin 4y ago
Yeah, I can't imagine anybody wanting to buy a car and being deterred because they didn't have a means of exchange.
367.
by lottin 4y ago
Trade deficits and capital surpluses go hand in hand. This is easy to see. If the value of your imports exceeds the value of your exports (i.e. you have a trade deficit), the excess imports must be financed somehow—either borrowing money
368.
by lottin 4y ago
Maybe I'm missing something... I was specifically addressing your remark that running is an adequate form of exercise to get leaner and stronger . So those are the goals.
369.
by lottin 4y ago
Reducing body fat requires careful dieting and exercise. First, you need to be in a caloric deficit, which involves eating less calories than usual. Second, when you're in a caloric deficit, you'll lose both fat and muscle. Lif
370.
by lottin 4y ago
If your concern is looking healthy and athletic, you need a decent amount of muscle mass and a low percentage of body fat. Running helps with none of that.
371.
by lottin 4y ago
Running is better than sitting on the coach. But strength training is better than running. Why you should not be running , by Mark Rippetoe: https://startingstrength.com/article/why-you-should-not-be-r...
372.
by lottin 4y ago
The past couple of months? He's been an arse for as as long as I remember.
373.
by lottin 4y ago
Yes, because they don't oppose war, they oppose a Ukranian victory. And by doing that they basically discredit themselves.
374.
by lottin 4y ago
"Pushing for peace" doesn't mean anything. It could mean to push for an unconditional surrender of Ukraine, or for an unconditional withdrawal of Russian troops, or anything in between. The fact that you use this phrase alo
375.
by lottin 4y ago
Imagine if copper miners held on to copper in the hope that it will go up in price. Taking a risk that is both unnecessary and unrelated to your business is stupid. That's the opposite of what a well-run business does.
376.
by lottin 4y ago
This doesn't make any sense. The efficient market hypothesis has nothing to do with the monetary system or with getting money out of the economy, whatever that is supposed to mean.
377.
by lottin 4y ago
No, it isn't "just as safe", by any stretch of the imagination. "Safety", in the context of investing, refers to the distribution of possible outcomes around the expected return of an investment. In most instances
378.
by lottin 4y ago
https://davidgerard.co.uk/blockchain/the-dao/
379.
by lottin 4y ago
Stop parroting this nonsense. Crypto isn't one of the best performing assets by any stretch of the imagination. You can't measure the return over an arbitrary period and call that the asset's performance. That's not ho
380.
by lottin 4y ago
> It is very egalitarian since everyone can participate on an equal footing Errr, no. One dollar one vote is not equal footing. If you have more dollars you can buy more votes. That's the opposite of egalitarian.
381.
by lottin 4y ago
If binance wants to sell their services in a particular market they must comply with the rules that are in place in that market. Is that controversial?
382.
by lottin 4y ago
What a whole lot of nonsense. Blockchains operate on the basis of one dollar one vote. There's nothing egalitarian (not to mention democratic) about this. A central bank, on the other hand, is a public institution with a public mand
383.
by lottin 4y ago
Yes, but it's probably good enough to fool the average crypto investor.
384.
by lottin 4y ago
They're like an exchange and a brokerage firm rolled into one.
385.
by lottin 4y ago
XFCE has had its own compositor for ages.
386.
by lottin 4y ago
And somehow they managed to starve millions of people in the process. If you call this a good job.... okay.
387.
by lottin 4y ago
I simply pointed out a fact that is never addressed by bitcoin propagandists, which is the fact that bitcoin core developers are also working on implementations of CBDCs. What sort of "technical knowledge" is required to make such
388.
by lottin 4y ago
Classic crypto bro retort. The "technical details" of these systems were neither the topic nor had any relevance to these conversation, and at any rate you haven't got any clue whether I'm ignorant about them.
389.
by lottin 4y ago
The underlying contract stipulates a change of ownership. For this change of ownership to have legal effects (iow, to actually happen ), it needs to be registered at the Land Registry. Transferring an NFT does not magically result in a c
390.
by lottin 4y ago
So the NFT part is entirely redundant?

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