China Bans Bitcoin Executives from Leaving Country, Miners “Preparing for Worst”

Post by lmm » Thu, Sep 21, 2017, 3:05 PM UTC

Nursie wrote: post #172

lmm wrote: post #154

Earlier quoted context omitted.

The stats don't really matter, because the market is designed to equilibrate the price: it costs 7.5 million to mine 7.5 million's worth (in expectation, net present value and all that), and always will. If you're worried about reducing your variance you can join a pool rather than mining directly.

But over what time period?

Post by tinfins » Thu, Sep 21, 2017, 7:37 PM UTC

aaron695 wrote: post #44

tinfins wrote: post #22

Earlier quoted context omitted.

Tank man wasn't crushed, FYI.

No one knows what happened to tank man. More troubling is you don't seem to know what happened in Tiananmen square, are you in China? https://www.theguardian.com/world/1999/jun/02/china.johngitt...

Post by tinfins » Thu, Sep 21, 2017, 7:38 PM UTC

aaron695 wrote: post #259

lazyasciiart wrote: post #256

Earlier quoted context omitted.

It's a lot less charitable than "OP was probably referring to the fact that video evidence shows tank guy being pulled away out of sight before the tanks continued past the point where he had been standing, rather than showing the tanks just rolling over him as that comment kind of implied". If you're going to be very careful to correct people who assert that the guy wasn't crushed, you need to jump on people who say…

No one is talking about tank man. We are talking about the people who were crushed by tanks in the square. Really, most were shot, which is how I'd deal with a trouble maker being filmed like tank man. But there is evidence of tanks crushing people as per my link, which is WHY tank man is famous (plus he was photographed, other people did do it too). Are you doubting tanks rolled over and killed people?

Post by seanmcdirmid » Thu, Sep 21, 2017, 9:48 PM UTC

AlexCoventry wrote: post #247

seanmcdirmid wrote: post #168

Earlier quoted context omitted.

If growth is mostly currently debt fueled, that growth can easily stop and reverse when the debt is pulled back. Recession at best, depression at worst, definitely there will be a few crashes along the way. Do you think real estate can really be sustained at it's current levels? Much of it has been bought as a speculative asset (no property taxes makes that easy) with the idea that it can only keep going up because o…

The purpose of the growth, from a governance perspective, is to keep the population satisfied through a rising standard of living, and to continue to develop the country through sane budget allocations. They can continue to do that using debt, because the only risk from doing so is inflation, which they can keep low with taxes on the present debt holders. The housing market may crash: I was talking about the claim th…

Post by pertymcpert » Wed, Sep 27, 2017, 9:04 AM UTC

dogruck wrote: post #206

pertymcpert wrote: post #85

Earlier quoted context omitted.

So any action by a sovereign nation can always be described as "sane" or "reasonable"?

To me, calling them "crazy" is insulting to their culture and people. For the label to be justified, you'd have to argue the action contributes to ruin. For example, I think the Venezuelan leadership has made crazy decisions that are being borne out now. But, I would not put a ban on BBQ in that same category.