xapata

71 ms·

841.
by xapata 6y ago
> No one is willing Counter-example: I know of at least one consumer goods company that has studied the long-term effects of certain kinds of sponsorship deals on consumer behavior. The study had tracked people for at least 10 years at
842.
by xapata 6y ago
In case you're not familiar with it, the Great Depression was a period of deflation. I'm guessing you didn't bother reading Soros' comments I linked. Or maybe you're pretending you don't know the typical usage
843.
by xapata 6y ago
> Que [Helpfully] I believe you meant "cue." https://www.merriam-webster.com/dictionary/cue
844.
by xapata 6y ago
I think we're talking past each other, because you're thinking of your own (and similar people's) ability, whereas I'm thinking of broad majority usage.
845.
by xapata 6y ago
I'll ignore the "obviously stupid" comment and let you Google for examples. I agree that it's not worth the effort for governments to shut down Bitcoin, at the moment. The US just confiscated $1 billion in coin. They&#
846.
by xapata 6y ago
Better buy some swaps to lock in your exchange rate.
847.
by xapata 6y ago
In the US, we have Social Security, Medicare, Medicaid, and countless other programs. Yang got mildly popular this election season with a basic income plan. I'm hopeful.
848.
by xapata 6y ago
Imagine we had some kind of credit card that was linked to VTI (and the market didn't have these silly business hours). When you charge the card, it automatically sells shares to fund your purchase. Would you use that card? How does
849.
by xapata 6y ago
> Do you have an example ...? The Great Depression. https://en.m.wikipedia.org/wiki/Deflation#Deflationary_spira... If you're looking for commodities only, it's easy enough to Google "commodities bubb
850.
by xapata 6y ago
https://www.cnn.com/2020/12/18/americas/venezuela-death-of-s... > In more recent years, even the state's hold on the country's financial system has been badly shaken, with the US dollar grow
851.
by xapata 6y ago
On the contrary, I think China is a good example of how the government can have its cake and eat it, too. When you say, "lots of people," how many are we talking about? The majority? If so, you'd think the government would ju
852.
by xapata 6y ago
If the government "prints" money and immediately distributes it uniformly to the population, it benefits the poor most of all. Especially debtors. This year was a great example. Mortgage refinancing bonanza. If inflation really
853.
by xapata 6y ago
Mailing a check is not mailing cash. I'm sure you're familiar with the differences.
854.
by xapata 6y ago
> significant benefit to transferring most of your wealth to a deflationary currency I'm not familiar with any evidence of that claim, despite my economics education. I suppose the best historical corollary would be gold? If so, I
855.
by xapata 6y ago
> currency debasement ... is how the people are impoverished I agree that's the heart of the Bitcoin thesis, but I am convinced the evidence does not support that claim. In fact, quite the opposite. Much of the original Bitcoin di
856.
by xapata 6y ago
The comment describes a liquidity crisis, when the market clams up and price begins to fluctuate wildly. It's not that things aren't tradeable, but that very few people want to.
857.
by xapata 6y ago
I don't think the aim is to have 100% control, but just enough. I'll admit I didn't read closely, but I have read a few news articles about some government or another temporarily shutting down internet access during a protes
858.
by xapata 6y ago
Nope, I'm not familiar with how widespread cryptocurrency usage is for international exchange with Venezuela. I do know that they keep tight control over traditional foreign currency exchange via public markets.
859.
by xapata 6y ago
Not just asset prices. https://www.slowboring.com/p/the-cares-superdole-was-a-huge-...
860.
by xapata 6y ago
Suppose you had a particular debt, denominated in currency A, owed at the end of the year. Would you want to hold some amount of currency A throughout the year to ensure you could pay that debt? I suppose you could argue that you'd b
861.
by xapata 6y ago
"They" print more every day. In the US, I think the economic stimulus has been a success this year. Trump should have spent his campaign talking about all the efforts to boost unemployment insurance benefits. He might have fare
862.
by xapata 6y ago
Can't the government force taxes to be paid in the currency of its choice, thereby making taxpayers (residents, visitors, and their counter-parties) subject to its currency?
863.
by xapata 6y ago
You're spouting platitudes, which I enjoy sometimes for a dramatic turn of phrase, but they aren't helpful for rational discussion. They're best used for introducing a topic, but then we need a little more structure behind t
864.
by xapata 6y ago
My point was that the government has control of the internet, and thereby all activity on the internet. > extreme economic damages We're talking about Venezuela, which has had extreme economic damages caused by a government trying t
865.
by xapata 6y ago
2008 is a great example of why fiat currency is helpful. The government can simply create more to stimulate cash flow and/or prevent a crisis of confidence in a non-government institution.
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by xapata 6y ago
Government isn't a monolith. There are individuals within the government that have altruistic goals. It may be helpful for certain analyses to simplify and consider a government as an individual, but for other analyses that's co
867.
by xapata 6y ago
> nearly impossible to stop What's nearly impossible to stop? Can't the government simply shut down the internet to stop Bitcoin? Or insert itself as the man in the middle of all network traffic.
868.
by xapata 6y ago
> Your post disgusts me I'm happy to hear reasons to change my mind. What's disgusting?
869.
by xapata 6y ago
It's less about steady-state global availability than burst capacity. What if the People's Liberation Army decides that temporary control of the Bitcoin network is a valuable capability?
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by xapata 6y ago
> continued attacks ... practically impossible I agree that continued attacks makes a complicated situation, given the cartel participants would probably hold a significant amount of coin and would risk devaluing themselves against some

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