snikeris

28 ms·

301.
by snikeris 9y ago
The dream lives on in Bitcoin Cash. Edited to provide additional information: - low fees ($0.01) to have your transaction confirmed in next block - zero confirmation transactions safe for most users - same pre-fork ledger - businesses are s
302.
by snikeris 9y ago
> It started like this. I would issue the build and it would take few minutes. I used to go to a news site during that time. Just sit there and wait for the build to finish. Look out the window if you have one close.
303.
by snikeris 9y ago
My uncle told me these cryptocurrencies are an even better investment!
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by snikeris 9y ago
What if they're not interested in maximizing gains? What if they don't want to learn about investing? What if they just want their hard earned money to not evaporate on them?
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by snikeris 9y ago
It might be bad for the economy/GDP but what about for the individual? Consider a blue collar worker just making enough to get by and saving a little cash on the side. Why are you forcing this person to learn about inflation, interest
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by snikeris 9y ago
They also don't pay dividends.
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by snikeris 9y ago
> Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things. I know this is the commonly accepted reason why inflation is good and deflation is ba
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by snikeris 9y ago
Yeah I think so. My takeaway was that operational reasoning, e.g. "this guy receives a message from this guy, then does this" is a waste of effort. What Dijkstra wants you to do is elevate yourself above that so you're reason
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by snikeris 9y ago
Found it: http://www.cs.utexas.edu/users/EWD/transcriptions/EWD10xx/EW... Section beginning, "My next linguistical suggestion is more rigorous"...
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by snikeris 9y ago
Didn't Djikstra write about this? I wasn't able to pull anything up, but maybe this will jog someone's memory.
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by snikeris 9y ago
My points were that cash includes short-term T-bills, and that they have held up to inflation, both points addressed in the article I linked. > Sorry if my comments come off as mean. You're not coming off as mean. I can tell you&#x2
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by snikeris 9y ago
Harry had a radio show about investing where people would call in and ask him questions: https://web.archive.org/web/20160402162234/http://crawlingro...
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by snikeris 9y ago
I appreciate you schooling me on how to better contribute to the discussion. This was my attempt at what you're discussing (admittedly appended perhaps after your initial comment): > Harry's 25% cash isn't dollar bills, it
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by snikeris 9y ago
I think this bit from the article sums up the intent of rule #1: > Your investments can make your future more secure and your retirement more prosperous. But they can't take you from rags to riches. So don't take risks with com
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by snikeris 9y ago
That should tell you something about his approach. A staunch libertarian advocates investing half your portfolio in government securities. My conclusion: his investing approach is divorced from his politics (as it should be).
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by snikeris 9y ago
The argument of the OP almost exactly fits this lead in to the article: > I hear some version of this argument all the time: The opportunity cost for holding cash is too high. It earns virtually nothing, and you’re guaranteed to lose m
317.
by snikeris 9y ago
He would argue against having your money managed for you. He wouldn't be against working with an advisor, but he'd want the advisor to explain things to you so that you can execute on your own behalf.
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by snikeris 9y ago
I think this article may clear some things up for you: https://portfoliocharts.com/2017/05/12/understanding-cash-wi... Harry's 25% cash isn't dollar bills, it's treasury bills, which have held
319.
by snikeris 9y ago
This is also intended to be a simple portfolio that your grandma can operate.
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by snikeris 9y ago
I would add that gold is an asset that does well when people lose faith in the dollar. It's insurance against the unthinkable.
321.
by snikeris 9y ago
Harry advocated a portfolio of: 25% Stocks 25% 30 year treasury bonds 25% Cash 25% Gold His book on the subject: https://www.amazon.com/Fail-Safe-Investing-Lifelong-Financia... A more recent book: https://www.ama
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by snikeris 9y ago
It's just being practical. Governments mismanage their economies, seize the assets of innocent people, etc. If you're serious about preserving your wealth, government intervention should factor into your decisions.
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by snikeris 9y ago
> it doesn't protect you if someone exploits your browser https://en.wikipedia.org/wiki/Address_space_layout_randomiza...
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by snikeris 9y ago
Since most ants are unable to reproduce, I like to think of the entire colony as the organism. If you're interested in how evolution works, check out The Selfish Gene.
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by snikeris 9y ago
Eh yeah, I suppose some died during or shortly after reproducing, but even in those cases someone in the community raised your ancestors successfully.
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by snikeris 9y ago
Evolution doesn't concern itself with survival or optimization of the species as a whole.
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by snikeris 9y ago
Every one of your ancestors raised children successfully.
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by snikeris 9y ago
Abstract: Many crypto-currencies, Bitcoin being the most prominent, are reliable electronic payment systems that operate without a central, trusted authority. They are enabled by blockchain technology, which deploys cryptographic tools and
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by snikeris 9y ago
Anyone taking this off-label?
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by snikeris 9y ago
I also frequent: https://gyroscopicinvesting.com/forum/index.php It's a forum mostly about Harry Browne's Permanent Portfolio concept, but there is also good discourse on current events in the "Other Dis

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