lottin

38 ms·

511.
by lottin 4y ago
I just Googled it, and this is what I found [1]: When a country's currency appreciates in relation to foreign currencies, foreign goods become cheaper in the domestic market and there is overall downward pressure on domestic prices. I
512.
by lottin 4y ago
But competitive simply means your products sell for less. The question was how does selling for less and buying for more benefit you?
513.
by lottin 4y ago
> The dollar is supposed to be inflating, so it should take more dollars to buy things. It turns out the bitcoin theory of inflation is wrong.
514.
by lottin 4y ago
Having a weak currency means you're selling cheap and buying expensive, so it's not clear how it benefits you. It certainly benefits everyone else.
515.
by lottin 4y ago
The kind of errors that double-entry accounting prevents aren't just arithmetic errors, but also conceptual errors. Double-entry accounting ensures that the accounting identity, which states that Assets = Liabilities + Equity, is tr
516.
by lottin 4y ago
I don't understand why a 'tech lead' would have to invent an accounting procedure. Accounting procedures are the responsibility of accountants, not of engineers who lack basic training in accounting.
517.
by lottin 4y ago
Double entry accounting doesn't require you to track expenses related to your ISP. All it requires is an expense account. Whether you decide to open sub-accounts in order to track some expenses specifically, it's entirely up to
518.
by lottin 4y ago
I don't know that they have fewer regulations. Banking regulations follow the guidelines set by the Basel Committee on Banking Supervision and as a result are very much the same across the developed world. Also it's absolutely n
519.
by lottin 4y ago
First, a Eurodollar is a USD that is deposited outside of the US. As such it's interchangeable and indistinguishable from a USD. US banking regulations don't apply to these dollars? Well, of course, because US banking regulation
520.
by lottin 4y ago
They won't say.
521.
by lottin 4y ago
They only have seven employees.
522.
by lottin 4y ago
"Tech tyrants and authoritarians want to dictate speech — and commerce." Really?
523.
by lottin 4y ago
Nonsense. I bought an RX570 in April 2019 and it cost me €210, or about $235.
524.
by lottin 4y ago
What makes you think having no competing uses is an advantage?
525.
by lottin 4y ago
The owner would buy less gold, i.e. the gold they intended to buy minus the cost of securing it, but they don't have to sell gold. Buying less of something and selling an equivalent quantity of it is not equivalent.
526.
by lottin 4y ago
The key difference is the people who secure the gold aren't paid in gold, so the act of securing it doesn't create a selling pressure.
527.
by lottin 4y ago
While we can't predict the future precisely the future isn't completely unknown either. This allows us to say beforehand that some investments are better than others, regardless of what the actual outcome of such investments wi
528.
by lottin 4y ago
If bitcoin was good at being internet dollars, people would use bitcoin in the same way that they use dollars. They don't.
529.
by lottin 4y ago
The article simply points out PoW imposes a huge cost on the system, and that such a cost is assumed by the token holders whether they like it or not. This has been known for a long time.
530.
by lottin 4y ago
> A deflationary system awards each market participant with an equitable increase of purchasing power relative to the increase in demand for earning more units through value creation. What do you mean? Holding a currency involves zero va
531.
by lottin 4y ago
So how does this open API works? Every time you use it you have to pay a third party?
532.
by lottin 4y ago
It's not a comparison. The fact is that the costs of processing bitcoin transactions are predominantly fixed. This tells us that bitcoin doesn't have economies of scale. The average cost of a bitcoin transaction doesn't de
533.
by lottin 4y ago
You can't send a transaction without mining a block. Therefore all the costs that are incurred mining a block are costs that are incurred sending transactions.
534.
by lottin 4y ago
It depends... can the same outcome be achieved by using 99.5% less electricity? If it can, then it means 99.5% of the electricity consumed by this activity is being wasted, and that is a fact. Otherwise, it becomes a matter of opinion. D
535.
by lottin 4y ago
> Bitcoin naturally uses the cheapest energy it can find As opposed to everybody else, who naturally use the most expensive energy they can find.
536.
by lottin 4y ago
You're telling us that since mining costs don't vary with the number of transactions processed, they don't count. Production costs that don't depend on the level of output are called fixed costs . [1] They're st
537.
by lottin 4y ago
Not wasting electricity is absolutely good news for the environment. At the same time, they were wasting electricity before... so I don't know about admirable, they've stopped doing something they shouldn't have been doing
538.
by lottin 4y ago
Get a grip. The fact that you personally or somebody else doesn't agree with a government policy doesn't mean that the government has turned against its people.
539.
by lottin 4y ago
If the government turns against its people, we have a bigger problem that will not be solved with some made-up currency or money laundering for the masses. Don't be a fool.
540.
by lottin 4y ago
Some people have done quite well betting on horses, but from that we can't infer that it's a good investment strategy.

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