lottin

56 ms·

811.
by lottin 5y ago
They think that government is tyranny, therefore lack of government is freedom. Yes, they are dumb as hell.
812.
by lottin 5y ago
Good point.
813.
by lottin 5y ago
You're right about central banks, but this is not what being backed means. When a currency is backed by another asset, it means that the issuer promises to redeem the currency for a pre-determined quantity of the underlying asset, whi
814.
by lottin 5y ago
This is probably why most people don't keep $100 bills in their pockets for 20 years.
815.
by lottin 5y ago
> Likely always will be in greater demand than supply (at least on a macro basis). If demand is always greater than supply it means that the market isn't working as it should. In a well-functioning market price will adjust so that
816.
by lottin 5y ago
Emacs has had excellent R support since much before R-studio came around. In fact to me R-studio has always felt like a stand-alone implementation of ESS (minus Emacs).
817.
by lottin 5y ago
Why don't you address the arguments themselves, instead of attempting to discredit them by attacking the person who made them? That isn't exactly arguing in good faith, to use your own words.
818.
by lottin 5y ago
200 years is a lot . To put it in perspective, the Industrial Revolution started 250 years ago in England. But feel free to disagree, of course. The evidence doesn't care if you don't agree with it. It's still there, for
819.
by lottin 5y ago
A "limited slice of time" comprising of the last 200 years. It provides pretty damning evidence against gold (and by extension against virtual commodities that are purported to be gold-like).
820.
by lottin 5y ago
Gold isn't particularly attractive as a store of value. Historically it's lost value over long periods (see [1]). And bitcoin is likely to do worse than gold, because it's a purely virtual asset that relies entirely on a pa
821.
by lottin 5y ago
Okay, just don't call it the future of money. A form of money that is worse at everything except clandestine transactions is not the future of money. Regarding the supposed guarantees of limited supply, this is both irrelevant and fa
822.
by lottin 5y ago
If the "benefit" is that crypto-currencies allow people to evade laws, well... that's probably true, it's just not a great selling point if you're aiming for mainstream adoption. Especially considering that, for eve
823.
by lottin 5y ago
This is not very good advice. An index investor is exposed to systemic risk, that is, risks that affect the market as a whole, but the problem is you can't escape systemic risk by investing in individual stocks, because individual sto
824.
by lottin 5y ago
Indeed... to me it seems clear that you have little experience escaping autocratic authoritarian governments, and that you don't know much about international finance either (or finance for that matter), yet you somehow feel qualified
825.
by lottin 5y ago
First of all, if you have to liquidate 90% of your wealth in the middle of a market crash you're going to lose most of it before you even get it out of the country. This, of course, assuming you can get out of the country, which for m
826.
by lottin 5y ago
How does that protect you from someone who can seize your device? If they can seize your device they can also seize any physical assets that you possess. So your wealth exists only nominally, you can't really spend it.
827.
by lottin 5y ago
Exactly, Ukrainians need to change their strategy, because hate won't work against Russians. Instead they need to attack the Russian invaders with flowers and confetti. This will surely stop them.
828.
by lottin 5y ago
So why would they mention a "biolab" in Ukraine unless to imply that it somehow poses a threat to Russia? Or did they also mention that there are post offices in Ukraine?
829.
by lottin 5y ago
Of course, it's the way. It's the only way, other than entering into a direct armed confrontation with Russia.
830.
by lottin 5y ago
The goal is to cripple the Russian economy, which in turn will hinder their war efforts.
831.
by lottin 5y ago
By 'racial' sanctions, you mean sanctions aimed at Russian citizens? There's nothing 'racial' about that.
832.
by lottin 5y ago
This is just how international relations work... Russian citizens who are being affected by sanctions also benefit from trade agreements and treaties that their government has signed.
833.
by lottin 5y ago
No offence, but it would probably be a good idea for you to study some theory of the state, before making such outlandish remarks.
834.
by lottin 5y ago
And the wire transfers between the bank accounts and the exchange?
835.
by lottin 5y ago
You're conveniently forgetting the fees and other transaction costs associated with purchasing the Ether and then selling it for fiat.
836.
by lottin 5y ago
> Ethereum is now estimated to consume energy equivalent to or greater than mid-sized countries like Greece[1]. While providing 1/700,000 of the computing power of a Raspberry Pi.
837.
by lottin 5y ago
Liquidity has nothing to do with divisibility. Liquidity is the ease with which an asset can be turned into money. By definition, money is the most liquid asset. https://en.wikipedia.org/wiki/Market_liquidity
838.
by lottin 5y ago
It fixes that in the same way as smuggling does, in other words it doesn't.
839.
by lottin 5y ago
Currency pegs are vulnerable to speculative attacks. https://en.wikipedia.org/wiki/Speculative_attack
840.
by lottin 5y ago
Yes, it's finished.

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