lottin

13 ms·

181.
by lottin 3y ago
A simple conversation would do.
182.
by lottin 3y ago
What evidence against the existence of dark matter should we expect to find if it didn't exist?
183.
by lottin 3y ago
You're saying that the evidence for the existence of dark matter is that your theory doesn't agree with the observation. This is like saying that you have no evidence at all.
184.
by lottin 3y ago
I think people pay these companies for providing them with information about their DNA, which is quite different.
185.
by lottin 3y ago
For one thing, R code can be written more concisely, due to the fact that the language is vector-based and functionally-oriented.
186.
by lottin 3y ago
Sure... I was alluding to OP's comment, not yours.
187.
by lottin 3y ago
Again, that's simply not true. You can't point to a single instance where CBDC infrastructure has enabled or improved wholesale international payments that were impossible or otherwise costly to do before.
188.
by lottin 3y ago
The USD doesn't have a technological monopoly on cross-border payments. Before the introduction of the euro, European nations were trading with each other using their local currencies just fine. Moreover, CBDCs are ill-suited for inte
189.
by lottin 3y ago
Physical cash is typically used in face-to-face transactions, which somewhat reduces the risks. The scenarios in which a digital version of physical cash might make sense are few and far between. To suggest that such a currency could one
190.
by lottin 3y ago
You don't say why a CBDC would be a more convenient alternative to USD for international transaction settlements. A CBDC is simply a digital version of an existing currency. It isn't nothing new, since bank deposits already allo
191.
by lottin 3y ago
Privacy features in a currency are a double-edged sword. It means that the money is very difficult or impossible to recover in the event of theft, fraud, or even user errors. It isn't a risk most people want to be exposed to.
192.
by lottin 3y ago
Japan has low inflation, like most developed countries. https://fred.stlouisfed.org/series/FPCPITOTLZGJPN
193.
by lottin 3y ago
Okay... we were talking about inflation. When and how exactly has the BLS chosen an inflation metric that suits "the narrative" of today?
194.
by lottin 3y ago
Whenever there's a change in methodology, it's common practice to retroactively recalculate the entire series so that the data are consistent. Economists aren't that dumb.
195.
by lottin 3y ago
So you're saying that the US Bureau of Labor Statistics should throw their statistical methodology out of the window and instead use your bills to measure inflation?
196.
by lottin 3y ago
It hasn't lost half its value. A "weak yen" simply means the yen depreciated relative to another currency.
197.
by lottin 3y ago
If you want lawlessness go ahead, but don't come crying when someone steals your riches or punches you in the face.
198.
by lottin 3y ago
Indeed, physical cash has similar limitations. Everybody understands that it's inherently unsafe. Yet crypto-currency advocates are advising people to keep a large part of their savings as an asset that's even less safe than phy
199.
by lottin 3y ago
> The base rule in crypto has always been “not your keys, not your coins” This is because blockchains have no way of enforcing laws, including property rights. Therefore it comes down to this. Imagine that whoever got hold of your car
200.
by lottin 3y ago
It isn't a software problem.
201.
by lottin 3y ago
The purpose of KYC isn't just to combat terrorism and financial crime, but also to protect businesses from the actions of unscrupulous individuals, which is common in low-trust societies. As Western society transitions from high-trust
202.
by lottin 3y ago
Wishful thinking. Cryptocurrencies have failed to gain traction even in countries experiencing hyperinflation. People don't trust a fiat "currency" that is issued by anonymous entities and is backed by nothing. Especially
203.
by lottin 3y ago
Hyperinflation is extremely uncommon, especially in developed countries, and when it occurs it's always caused by incompetent or corrupt governments, not by the currency itself.
204.
by lottin 3y ago
The international monetary system isn't a deflationary system per se. It can accommodate a variety of monetary policies, including deflationary policies. As far as bitcoin being a hard asset, this isn't entirely correct either. N
205.
by lottin 3y ago
Owners of bitcoins pay for all this unproductive work. They pay for it by buying the new bitcoins being issued by the miners every 10 minutes. So long as these idiots continue to buy the coins, miners can continue to waste resources.
206.
by lottin 3y ago
This argument is nonsense though. The energy that is used to secure the bitcoin network is spent. It can't be recovered later.
207.
by lottin 3y ago
No, the international monetary system is perfectly functional, as evidenced by the fact that it supports the global economy just fine. Bitcoin is neither an alternative to the international monetary system, nor a hedge. It's a joke.
208.
by lottin 3y ago
And it's worse. Bitcoin doesn't even work. Imagine paying with bitcoins at the grocery store.
209.
by lottin 3y ago
Do you think lawlessness is a feature?
210.
by lottin 3y ago
That's a very convincing argument.

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