lottin

49 ms·

631.
by lottin 4y ago
We're not in a financial crisis.
632.
by lottin 4y ago
Mathematical models are that, models—a simplified version of a particular phenomenon. Economic models are no different, in particular they presuppose, among other things, that economic agents behave rationally [1]. [1] https://e
633.
by lottin 4y ago
What about driving licenses? Are you against those too? Is there any regulation at all that can't be criticised under the grounds that adults should not be treated like children?
634.
by lottin 4y ago
Of course, crypto didn't invent margin trading. I think the OP was referring to central counterparty clearing, which typically provides an additional layer of insurance against defaults.
635.
by lottin 4y ago
This is true, but it isn't uncommon. Almost all countries have different levels of government - national, regional, subregional and municipal - all of which have some degree of autonomy with regards to executing their own fiscal polic
636.
by lottin 4y ago
Terrible article as usual from this author. She has no formal training in economics and as a result gets everything wrong. Why does she keep writing articles about economics if she doesn't know anything about this subject? I don&#x2
637.
by lottin 4y ago
Exactly, the fact that an assent went from $20 to $20,000 once doesn't tell us much. This is why in financial economics the variable of interest is returns, not price. Statistical analysis of returns will tell us what return to exp
638.
by lottin 4y ago
These are credit default swaps. I don't know if they are implementable as smart contracts (I don't think so, but I could be wrong). I was thinking about overcolateralised DeFi loans which can be seen as a kind of swap where two
639.
by lottin 4y ago
Where does this number come from?
640.
by lottin 4y ago
The problem with DeFi is that can't be used for financing. Financing requires seizable assets whereas blockchain assets are intrinsically unseizable. It can still be used for things like swaps, but that market isn't very large.
641.
by lottin 4y ago
The arbitrageurs buy USDT at a discount and redeem it, pocketing the difference. This creates a buying pressure, that tends to bring the price back up to $1. Buying USDT and hoping that it repegs is not arbitrage. If tether fails to redee
642.
by lottin 4y ago
BTC doesn't enforce property rights. If someone steals your keys, they control your coins. The BTC network doesn't care that the keys are stolen. The other claim is even more bizarre. Let's say that your car is "backe
643.
by lottin 4y ago
I remember standing on two legs for the first time.
644.
by lottin 4y ago
Buying bonds in the open market is not debt monetisation. Anyway, public debt is a political problem, and the idea that adopting some sort of a commodity standard will prevent sovereign debt crises is unconvincing, to say the least, consid
645.
by lottin 4y ago
It's like the Church of the Subgenius which claimed to be incorruptible... because it was already so corrupted that it couldn't possible get more corrupted.
646.
by lottin 4y ago
> There will be equivalent crypto disrupters that will make incumbents go south. You don't know that.
647.
by lottin 4y ago
You seem confused about a couple of points. Monetary policy is not a tool to finance government spending. Sure, it might be used for this purpose, but this is not the point of it, and in fact, debt monetisation is illegal in most countrie
648.
by lottin 4y ago
Sure... but then how do you stop others from taking, using or damaging your property?
649.
by lottin 4y ago
Exactly, why would you sing a message saying that you're logging on this or that website, for everyone to see, when you can just tell the website in question and no one else?
650.
by lottin 4y ago
Maybe I misunderstood you, but I thought your point was that it's okay if maintaining the bitcoin network is very expensive because securing the GDP is even more expensive, which is a flawed argument, because bitcoin doesn't remov
651.
by lottin 4y ago
Why would anyone sign a message on a public ledger?
652.
by lottin 4y ago
> being able to establish identity at all is still a major problem in many places Are you sure? Where? And why would the tried and tested methods for establishing identity not work in those places?
653.
by lottin 4y ago
Central banks are public institutions in charge of conducting monetary policy, they have a public mandate and are accountable to the legislative branch. They're therefore part of the government, even if they have some degree of indepe
654.
by lottin 4y ago
Everybody loses because there aren't multiple road networks competing to provide access to the same places. There is just one network, right? This means the it's a monopolistic market, and in a monopolistic market everybody lose
655.
by lottin 4y ago
No, it's just technobabble. Personal ownership of data? What is that? What do they mean by ownership of data? Like, intellectual property? DRM? What exactly? They don't know, because it doesn't matter, because it'
656.
by lottin 4y ago
So the roads are privately-owned and the owners can charge road users anything they want. Such a system is only in the interest of the road owners, since they have monopoly power. Everybody else loses.
657.
by lottin 4y ago
The law states that you only qualify as foreign agent if you get paid in fiat specifically? Sounds a little strange.
658.
by lottin 4y ago
Few countries allow unrestricted movement of people, goods and capitals across their borders. Payment systems that are meant to support cross-border transactions need to deal with that. If your way of dealing with these regulations is igno
659.
by lottin 4y ago
And this violates the spec that is already in force in each jurisdiction.
660.
by lottin 4y ago
No, I don't know how easements work. So, you need to sign a reciprocity agreement with the road owner before they let you use their road for free? What prevents road owners from charging extortionate fees to people who don't own

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