lottin

9 ms·

31.
by lottin 1y ago
It could be compared to other assets in the asset class of assets that have no intrinsic value (e.g. other crypto-currencies). I think that would make sense.
32.
by lottin 1y ago
Sorry to say, but you're deluded. A blockchain is made of "information". Information has no coercive power. A blockchain can't enforce laws. It can't stop illegitimate violence. It can't perform any of the
33.
by lottin 1y ago
Like bitcoin, gold is too a "bubble asset", but unlike bitcoin, gold is a physical object with use value and limited availability. The thing about gold is that its price appears to to be negatively correlated with the economic cyc
34.
by lottin 1y ago
Houses do generate income, called "rent". Either you rent out your property and get paid an explicit rent, or you live in the house in which case you get paid in kind. So, bad example!
35.
by lottin 1y ago
Inflation and a rise in the cost of living are different things. Inflation means an increase in the (nominal) price level, whereas the cost of living is measured in real prices, specifically real wages.
36.
by lottin 1y ago
Asset pricing theory is a well established field within economics. Of course it comes down, in the end, to the law of supply and demand, but that doesn't mean that we have to stop here. The law of supply and demand doesn't expla
37.
by lottin 1y ago
You're vastly underestimating the complexity of these types of jobs.
38.
by lottin 1y ago
A blockchain is not a state. A state is a political entity that rules a territory through the monopoly of violence.
39.
by lottin 1y ago
Generally speaking it has been successful, more so than the gold standard. It's true that sometimes states fail, but that's not something a monetary system can prevent from happening, or insure against.
40.
by lottin 1y ago
The expected discounted value of all bitcoin's future cash flows is zero. This is because the only cash flow that a bitcoin investor can expect from an investment in bitcoins is the revenue from selling the bitcoins in the market... an
41.
by lottin 1y ago
I find it odd that someone would make a comparison between bitcoin and other financial assets, as if bitcoin was just another financial asset and its theoretical price wasn't zero... which is a pretty big market anomaly. Normally, whe
42.
by lottin 1y ago
What does it even mean 'to want nothing more than to end the conflict'? As far as I can tell it doesn't mean anything. Everybody wants the conflict to end, including the Israelis and the Palestinians. They just want it to
43.
by lottin 1y ago
Exactly. A 'stablecoin' that is regulation-compliant is undistinguishable from a bank.
44.
by lottin 1y ago
> Keep. Your. Mouth. Shut. A critical aspect of crypto-currencies is sales. They have to sell a story so that investors keep pouring money into the system. Otherwise the whole thing would collapse very quickly.
45.
by lottin 1y ago
I never understood the appeal of tidyverse. I have a colleague who, like you, thinks that R is tidyverse. He also has the nasty habit of starting Excel formulas with a '+' sign.
46.
by lottin 2y ago
> If a company can purchase the same clothing from Chinese, Vietnamese, or Mexican vendors, a tax on China only could make the Chinese vendors lower the price or risk losing the business. This example implies producers are already in com
47.
by lottin 2y ago
It's an absolute necessity. The US has lost all credibility as a deterrent.
48.
by lottin 2y ago
The immediate conclusion is that if there's an excess demand prices will go up in order to reach a new equilibrium. And this exactly what seems to be happening in the housing market.
49.
by lottin 2y ago
All the law of supply and demand says is that the market will reach an equilibrium where the quantity demanded equals the quantity supplied, and that such quantities as well as the equilibrium price are determined jointly by supply and dema
50.
by lottin 2y ago
The question is: what makes a cryptocoin legitimate, in your opinion, considering that 'ilegitimate' memecoins are usually just a copy-paste version of a supposedly 'legitimate' cryptocoin?
51.
by lottin 2y ago
As far as I know the only difference between these so-called memecoins and 'reputable' cryptocoins is that the former have a funny name. Other than that they're essentially the same product.
52.
by lottin 2y ago
> memecoins and utility-free cryptocurrency As opposed to what?
53.
by lottin 2y ago
The only way of knowing whether such differences are big or small (or whether they exist at all) is by performing a scientific analysis. To insist that nobody should look into it because what they might find could upset you is just bizarre.
54.
by lottin 2y ago
Belarus is already pretty much a Russian puppet state.
55.
by lottin 2y ago
Because I understand the process that I have followed to get to the solution.
56.
by lottin 2y ago
But how do you know it's given you the correct answer? Just because the code appears to work it doesn't mean it's correct.
57.
by lottin 2y ago
Would you say that a calculator is also self-aware, and that it must know its limitations so that it doesn't attempt to do calculations it isn't capable of doing, for instance?
58.
by lottin 2y ago
He makes a good point. But then he jumps to "models will be self-aware". I fail to see any logical connection.
59.
by lottin 2y ago
If you get 8% returns per year on average, the expected annualized return over a multi-year period is going to be LESS than 8%. This is because you won't get exactly 8% each year. For example, suppose the returns over a 3-year period
60.
by lottin 2y ago
If that's the case, the savings are not 'spent' but are simply invested in the house. They should be able to sell the house for the net value (market value minus mortgage outstanding) which should be roughly equal to the dow

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