lowkey

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391.
by lowkey 5y ago
Agree if the US banned Bitcoin the USD price would drop - in the short-term. However, it is impossible for any government to kill Bitcoin by outlawing it. The best they could hope for is to prevent their citizens from participating in the g
392.
by lowkey 5y ago
Lightning offers fast, cheap, anonymous transactions with Visa-like transaction throughput as well as instant final settlement. Why do people assume there have been no new technical developments since Satoshi’s invention in 2009? Lightning
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by lowkey 5y ago
I believe the current state of affairs has governments holding a monopoly on lotteries and actively promoting and marketing said lotteries to the financially illiterate. The odds of coming out ahead are wildly better in crypto vs lotteries.
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by lowkey 5y ago
I’m furious about the existence of inflation. I think it should really be called monetary debasement instead of inflation. Satoshi Nakamoto created Bitcoin in part to provide an alternative inflation free money option. Why am I being naive
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by lowkey 5y ago
One tends to save in crypto and convert to spend in local fiat or USD as late as possible in order to maximize their protection from debasement of the fiat currency.
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by lowkey 5y ago
Bitcoin does. The math is simple. No government in the world can debase the value of Bitcoin whose total supply is < 21 million and no central bank can print more.
397.
by lowkey 5y ago
Explain how banking is decentralized while also explaining the role of central banks, as well as the Bank of International Settlements. Hint: Traditional Banking is centralized.
398.
by lowkey 5y ago
The idiom of ‘betting’ or ‘staking’ one’s life on a claim is common where I’m from. To clarify, my intent was to call into question a claim by OP and asking OP to back up their claim or stand down.
399.
by lowkey 5y ago
Instead of getting direct evidence from the source I got all my information from their opponents. I don't need to review the source material. Instead I trust the opponents of the original source material to tell me the truth. Tell me I
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by lowkey 5y ago
It’s more about challenging hipocricy. The OP boldly claimed that Joe and his guests were spewing misinformation. OP provided no evidence for their claims, nor did they provide specific criticisms. Instead they spread FUD and misinformation
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by lowkey 5y ago
Hey if I start spewing misinformation about my opponents while accusing them of not providing sources, all while failing to provide sources for my baseless claims like OP, then you can hold me to account. I never made such statements. Perha
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by lowkey 5y ago
I challenge your assertion that between 3-5% of people disagree. Would you stake your life on that claim or is that simply more fake news you are spreading without verifiable sources? As for Joe Rogan and his controversial guests, one was D
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by lowkey 5y ago
For the record, never once in history have the ones who banned the books and censored the people, been the good guys. Not once.
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by lowkey 5y ago
- BTC at 10x is the size of the gold market - The market for negative real interest bearing bonds is over $200 Trillion or 200x Bitcoin’s current market cap. Why would anyone store their savings in negative yielding debt? - The total addres
405.
by lowkey 5y ago
I find it strange that you would attribute success to capitalism in this case when there were no free markets involved in the development or sale of these vaccines. The bulk of the funding for the initial research came from government. The
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by lowkey 5y ago
Tell me you don’t understand the problem Bitcoin solves without telling me.
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by lowkey 5y ago
For users Web1: read only Web2: read-write Web3: read-write-own
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by lowkey 5y ago
These are the same economists who predicted there would: - be no inflation, then - inflation would be mild, then - inflation would be transitory, then - inflation isn't really a problem Still, I'm waiting for your response on what
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by lowkey 5y ago
It must be difficult to learn that everything you thought you understood about banks and loans and money creation is a lie based on a scam. Here is an article explaining how banks create money for loans, search for “The money creation proce
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by lowkey 5y ago
> Of course, even collateralized loans to buy real estate are not, despite what you said earlier, risk-free--see 2008 (and google the term "CDO", in case you've never heard of it) for a rather dramatic A CDO is a synthetic
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by lowkey 5y ago
> I've yet to understand where you got that idea from, or what it has to do with all of your nonsensical followup comments. Which of my comments do you find non-sensical, specifically? > original claim was “If it were not for cen
412.
by lowkey 5y ago
It’s more like I will lend you $1 if you post >$1 in collateral. In crypto, this is often in the form of a speculative token that is growing at potentially 200+% per year. The borrower is posting their collateral as security for the loan
413.
by lowkey 5y ago
> it seems like there'd be zero risk as long as the LTV is >= 1.0, but that sort of defeats the point of loans. ;) Help me see what I am missing, what is the point of loans that is defeated by requiring an LTV >= 1.0? To my kn
414.
by lowkey 5y ago
The Krugman article you linked is behind a paywall so I couldn’t read it. I did, however find this other article on his take on MMM [1]. Per the article, Krugman’s take is that most other economists aren’t pro-MMM enough for his taste. He t
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by lowkey 5y ago
> You are mistaken, citation: me working in bank on stuff related to this, and generally needing to be aware of capital requirements etc. So your citation is yourself and your claim that you work in the field and therefore we should trus
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by lowkey 5y ago
It’s simple really. In finance this is called ‘the time value of money.’ Essentially, in order for me to be incentivized to use a savings vehicle, there must be a real incentive. This incentive is what motivates the saver to save. If not fo
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by lowkey 5y ago
Asking for a raise works for me and you since we have pricing power, but what of those less fortunate? What about those on minimum wage, or fixed salaries or pensions or welfare? They don’t have the ability to continuously increase their pr
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by lowkey 5y ago
Money-printing has enriched a cohort of corrupt central bankers and their cronies such as politicians. I don’t expect them to give up a policy that has unjustly enriched them for so long. Luckily we don’t need their support for Bitcoin to w
419.
by lowkey 5y ago
The reason inflation isn’t applied equally everywhere is called the Cantillon Effect. Here are the details https://azizonomics.com/2012/08/07/the-cantillon-effect/ For a given level of money velocity, wh
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by lowkey 5y ago
There is no magic to make these loans riskless. These are OVER-collateralized loans. Like any other collateral backed loan, if the value of the collateral falls to a point where there may be a risk of the collateral value being less than th

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