sbenitoj

21 ms·

181.
by sbenitoj 9y ago
So why not create an organization that voluntarily creates the outcome you desire, why do you have to use coercion to solve the problem?
182.
by sbenitoj 9y ago
Well, FWIW, I live in Houston, just endured Harvey, my car was totaled and part of my house was flooded -- still luckier than many people no doubt -- but even after having gone through this disaster, I STILL believe that coercion is wrong.
183.
by sbenitoj 9y ago
What is your definition of violence? You'll have to explain how voluntarily buying water and then selling it to a willing buyer is violent.
184.
by sbenitoj 9y ago
Bingo!
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by sbenitoj 9y ago
Why should those who CAN afford to pay the higher prices be discriminated against by fixing prices and creating shortages so that it's first-come-first-serve instead of the supply being sold to the highest bidder? Fixing supply only cr
186.
by sbenitoj 9y ago
Just because you don't like how markets work doesn't mean a market failure has occurred. If you would like goods to sell at lower prices during times of crisis, you are free to start stockpiling them now (or convincing others to d
187.
by sbenitoj 9y ago
THIS. No law can ever repeal the laws of supply and demand, demand increases MASSIVELY during times of crisis, the result is prices must increase until supply increases or demand decreases again. The alternative scenario that anti-gouging l
188.
by sbenitoj 9y ago
I think that if this is true, it'll ultimately be a good thing for Bitcoin -- increase awareness, incentive more miners around the world, etc. The crash would hurt, but it would be temporary -- digital scarcity is here to stay, and net
189.
by sbenitoj 9y ago
I'll give you the benefit of the doubt that you're not just trolling and you're actually trying to understand whether value is objective or subjective. Assuming you are, read the following link and let me know if you still th
190.
by sbenitoj 9y ago
"Government debt is never the problem considering government has monopoly to create new money." Not for long they don't! Cryptocurrencies have finally found a way to get around such unethical control of the world's monet
191.
by sbenitoj 9y ago
The prices of all goods and services in the economy are determined by the intersection of supply and demand. Central banks exert enormous influence over the money supply, and therefore the price of borrowing money is influenced by central b
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by sbenitoj 9y ago
"I would argue it's artificial to set rates anywhere, and likely market rates without intervention would be close to zero." Why would interest rates be zero without intervention? Who would lend money to someone else for free?
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by sbenitoj 9y ago
Great question, I suspect we'll find one in the next 100 years! The gold standard over the past 100 years was mostly a government controlled gold standard, where paper money's tenuous link to gold was slowly eroded until it was co
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by sbenitoj 9y ago
You're right -- the commonwealth countries are in for a rude awakening! Especially considering government debts worldwide have increased A LOT since the 2008 financial crisis [0], they don't have the same ability to inflate their
195.
by sbenitoj 9y ago
The maximum speed or acceleration abilities of a car are objective metrics, but how much people actually value those things is subjective. Value is subjective, each person values the same objective metrics differently (e.g. soccer moms gene
196.
by sbenitoj 9y ago
Not sure why I'm getting downvotes on this, but you're right that I have an issue with every fiat currency, they're antithetical to a free society. No fiat currencies would exist in a world without coercion, people would not
197.
by sbenitoj 9y ago
Here are two short talks (both ~7 mins) by Andreas Antonopoulos related to this: Bitcoin Q&A: Could governments take over exchanges? https://www.youtube.com/watch?v=9PrJQeKl9w4 Bitcoin Q&A: Will governments ban cryp
198.
by sbenitoj 9y ago
Have to pick a bone here: dollars do not have value because they are "legal tender" -- see Zimbabwe hyperinflation [0]. Zimbabweans stopped valuing their national currency years before Zimbabwe recognized any other currencies as l
199.
by sbenitoj 9y ago
Bingo!
200.
by sbenitoj 9y ago
Price is what people pay, value is what they get, and it's completely subjective. The only reason people pay more for a BMW than a Honda is because they perceive they're getting more value with a BMW than with a Honda. There is no
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by sbenitoj 9y ago
Ha, well, more mainstream than Reddit, Twitter, and HN!
202.
by sbenitoj 9y ago
This is a common misconception, the Bitcoin network would not be harmed by governments seizing control of Bitcoin mining operations, there are many options in such of an event. All seizing mining would do is prove how resilient Bitcoin is t
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by sbenitoj 9y ago
Agreed - for an article in MSM, I was surprised it wasn't completely terrible! But I'm tired of the BS line that "gold has no value" continues to be repeated as nauseam. If people value it, then it has value. If people d
204.
by sbenitoj 9y ago
"There are two main reasons to doubt bitcoin's viability as an investment....Another is more philosophical: Digital currencies have no fundamental value, so have no place in a portfolio." There is no such thing as an objectiv
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by sbenitoj 9y ago
Governmental control of the monetary system (AKA "oversight") is one of the biggest reasons Bitcoin was invented in the first place. The last thing this world needs is more oversight and control by disconnected bureaucrats with no
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by sbenitoj 9y ago
Never said there weren't extenuating circumstances, but that doesn't make formula in any way comparable to breastmilk from a healthy, well-fed mother, only that it's a necessary evil sometimes.
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by sbenitoj 9y ago
Where is that true when it comes to nutrition?
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by sbenitoj 9y ago
This is exactly what I'm talking about though, evolution was already proven long before the 1930s, and yet doctors went against an obvious evolutionary truth that breastmilk from a healthy, well-fed mother is superior to processed form
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by sbenitoj 9y ago
That's frustrating, people are zealots, clearly extenuating circumstances exist and you just have to do the best you can.
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by sbenitoj 9y ago
You mis-interpreted my statement -- I never said there weren't extenuating circumstances, or that there NO place for formula, in fact I believe it's a necessary evil for many people given their life situation, but that doesn'

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