lottin

16 ms·

211.
by lottin 3y ago
No, I have a background in finance.
212.
by lottin 3y ago
> according to calculations by Lyn Alden But what "calculations" is she doing exactly? The source that she's quoting says 53.7% not 93.0% [1]. [1] https://fred.stlouisfed.org/series/WFRBST01122
213.
by lottin 3y ago
If you think that a business can remain in business after its revenue shrinks by a factor of 8 without wage costs adjusting accordingly, you need a reality check.
214.
by lottin 3y ago
Not by any stretch of the imagination. A highly volatile asset isn't suitable for storing value reliably. This is because the chances of you having to liquidate your position at a loss are very high.
215.
by lottin 3y ago
The ambiguity has to do with the fact that we don't know for sure which blockchain will prevail, because the protocol is unenforceable.
216.
by lottin 3y ago
If you fork the bitcoin blockchain you have now two ledgers, each one telling you that a certain number of bitcoins really exist. Who is to say that one is right and the other is wrong? In this scenario, it's debatable how many bitco
217.
by lottin 3y ago
Bitcoin has no governance mechanism for managing the money supply. If it was adopted as money, governments would have to implement some mechanism to manage the bitcoin supply, just like they did under the gold standard. Therefore it doesn
218.
by lottin 3y ago
If it did, your salary must have shrunk by 87.5% (or the company that you work for would have gone out of business).
219.
by lottin 3y ago
"The data" that you link to doesn't support your assertion that people in third world countries use bitcoin to protect themselves from hyperinflation. Also USD and Euro are NOT great assets to hold. People only hold cash bec
220.
by lottin 3y ago
I really don't get his "technological vision". I don't know why anyone would prefer his "decentralized stack" over the "traditional stack" that he intends to replace. He doesn't even try to con
221.
by lottin 3y ago
I first read about Bitcoin on Slashdot. I thought it was a stupid idea back then, and I think it's a stupid idea now. Buying bitcoin in 2008 would have been a terrible investment decision regardless of whatever result it might have p
222.
by lottin 3y ago
What is this then? https://www.osfi-bsif.gc.ca/Eng/osfi-bsif/med/Pages/basel23_...
223.
by lottin 3y ago
> The real value in crypto is having a currency that isn't subjected to the whims of governments and the people that control monetary policy alongside the massive payment networks like Visa and MasterCard. Controlling the flow of mo
224.
by lottin 3y ago
Canada follows Basel rules for banking, which are much more complicated than that.
225.
by lottin 3y ago
You said: "Hoarding/saving for long periods of time is bad because it discourages people from taking risks by putting resources to productive use" And later you added that by "saving" you meant specifically "no
226.
by lottin 3y ago
I understand it fine, I just don't agree with it. The whole point of an economy is NOT to encourage people to produce things. The point of producing is to satisfy a demand for consumption, and individuals choose their level of consumpt
227.
by lottin 3y ago
Maybe 'spending' is a better word, yes. However, 'consumption' isn't entirely inaccurate. Investment is the production of capital goods, and the production of capital goods involves consumption.
228.
by lottin 3y ago
The idea that people need to be encouraged to consume (consumption being the opposite of saving) I don't think is supported by economic theory.
229.
by lottin 3y ago
According to the internet this coin is worth between $45 and $2150, depending on the condition, but its weight in silver is only worth $18.40 [1] [1] https://www.ngccoin.com/coin-explorer/united-states/dollars&#x2F
230.
by lottin 3y ago
Interference absolutely does matter. Interference manifests itself in the form of a foreign accent, which most people have when they speak a second language. You're making an extraordinary claim, namely that you're able to speak
231.
by lottin 3y ago
Babies haven't already acquired another language, when they're learning to speak, and so there's no interference. That's not the case when someone learns a second language later in life. > "Quid" is longer.
232.
by lottin 3y ago
Yeah, like I said, it's most unlikely that you're using vowel length correctly. You can't copy something you're not aware of. For example, without looking it up, would you say 'quit' and 'quid' ar
233.
by lottin 3y ago
Without proper knowledge of English phonetics and dialects, this method isn't going to take you very far. For example, in English, vowel length carries phonetic information, whereas in other languages it does not. If you mother tongu
234.
by lottin 3y ago
There's no such thing as a 'perfect' accent. Do you mean a standard accent?
235.
by lottin 3y ago
When I was young I struggled to fit in with others. I didn't know what to do so that other people would like me. As an older adult, I understood that everyone respects and appreciates someone who can deal with problems and get things
236.
by lottin 3y ago
> That's the source of money, and the source of the price level. What do you mean?
237.
by lottin 3y ago
Because you end up replacing one population with another. In other words, the remedy is worse than the disease.
238.
by lottin 3y ago
Accountants follow accounting standards. Are you being obtuse?
239.
by lottin 3y ago
Yes, it is. That's why we don't know what things like the ISS are actually worth.
240.
by lottin 3y ago
It's the only way we have to measure value. And in order to test a theory of value at some point you'll have to measure value.

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