lottin

64 ms·

841.
by lottin 5y ago
I also use sc (spreadsheet calculator), a terminal-based spreadsheet program which uses a plain text file format. Very convenient for dealing with tabular or numerical data, which would be cumbersome to work with on a textual file.
842.
by lottin 5y ago
As far as I can tell, "stablecoins" are redeemable for the underlying asset, that's how they keep the peg. Theoretically someone could make a coin that is redeemable for a large basket of goods and services, and such a coin
843.
by lottin 5y ago
You're mistaken. Most economists understand the difference between a free market and a black market in the same way that I do (I am an economist myself). The very definition of free market that you quoted implies the existence of a le
844.
by lottin 5y ago
And...?
845.
by lottin 5y ago
> which is up for debate in this instance It's not up for debate. The Russian army acts on behalf of Russia. Therefore the whole of Russia is collectively responsible for the actions of the Russian army.
846.
by lottin 5y ago
All I'm saying is crypto is not going to make the institutions of your country work any better. Don't create the illusion that crypto solves a problem that it doesn't solve.
847.
by lottin 5y ago
Again, a black market is not a free market. A free market exists within a legal framework in which rules are enforced. In contrast, a black market is a clandestine market, where illegal transactions take place. This means, for example, t
848.
by lottin 5y ago
Well, this theory is easily refuted by the fact that there are governments that have the same degree of power and control over the economy and don't wreck the economy. Some governments cause hyperinflation, but most don't, even t
849.
by lottin 5y ago
They call it black market because a black market is not the same thing as a free market, otherwise they would just call it free market.
850.
by lottin 5y ago
It's true. Crypto-currencies operate in a black market and therefore enable people to circumvent financial regulations. But circumventing regulations put up by incompetent governments doesn't address the root of the problem whic
851.
by lottin 5y ago
And if you buy Turkish bonds you may get as much as 53%. Your point is?
852.
by lottin 5y ago
So were does the loss come from exactly? Were the shares that BP held not marked to market already?
853.
by lottin 5y ago
You're welcome.
854.
by lottin 5y ago
Of course it didn't come from you. It came from the bitcoin ideologues. You simply repeat what they say like a parrot.
855.
by lottin 5y ago
Whatever. Good luck convincing anyone that a financial transaction is speech.
856.
by lottin 5y ago
Because we want to help them.
857.
by lottin 5y ago
Speech is the use of language to communicate ideas and thoughts. A payment is not speech. Paying involves transmitting of a financial asset. It doesn't involve the use of language to communicate ideas and thoughts. Therefore, it&#x
858.
by lottin 5y ago
Payments are not speech. Find a better argument.
859.
by lottin 5y ago
That's the European single market. Single market means freedom of movement of goods and services, capital and labour. In other words, it's not just capital. And it applies to a small set of countries which all agree to having a
860.
by lottin 5y ago
Well, it doesn't work like this. Producers of goods and services have no obligation to sell a fixed amount of goods and services for a certain price in the future. You have a choice to consume now or to save and consume later, and th
861.
by lottin 5y ago
The economy of the future doesn't owe you anything, that's not how it works.
862.
by lottin 5y ago
> Political ones have failed In what sense has the current monetary system failed in your opinion? The gold standard certainly failed, that's why it was abandoned by every single country in the world, but the current monetary system
863.
by lottin 5y ago
No... an attacker that is able to successfully execute a 51% attack can crash the token price and make enormous profits in the derivatives market, so the market cap is irrelevant. Moreover, and attacker may have motivations other than fina
864.
by lottin 5y ago
No... security depends on the cost mounting an attack, and that's the absolute cost.
865.
by lottin 5y ago
How does PoW minimise wealth concentration? Minimising wealth concentration would imply distributing the coins evenly among the network participants. That's not what PoW does.
866.
by lottin 5y ago
> Answer to all is, no, they didn't. Exactly. The $100M fine was for double parking.
867.
by lottin 5y ago
Because you don't know if it's overhyped or not.
868.
by lottin 5y ago
A business plan is literally the first thing you need to do when you have an idea for a business. The original idea needs to be developed so that you an others are able to see if it makes sense or is complete nonsense. That's a busin
869.
by lottin 5y ago
It seems that the whole crypto pitch is predicated on this idea: black markets are better than regulated markets.
870.
by lottin 5y ago
> This is why cryptocurrencies that burn crypto are considered deflationary. By whom? The idea of a "deflationary currency" isn't supported by any economic theory.

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