211–218 of 218 posts
This letter is now on FLO. https://floexplorer.net/address/f6shpgd8zrmhhpbe4lot2nzxlxqv... Also, the first transaction to this address (115f93d1e...) contains its private key.
Oop https://floexplorer.net/address/F6sHpGd8zRMHHPbe4Lot2nZXLXQV...
Earlier quoted context omitted.
Oop https://floexplorer.net/address/F6sHpGd8zRMHHPbe4Lot2nZXLXQV...
In my defense this is the first day I've used a Kindle, I didn't know they copy uppercase letters as lowercase.
Earlier quoted context omitted.
In my defense this is the first day I've used a Kindle, I didn't know they copy uppercase letters as lowercase.
In my defense this is the first day I've used a Kindle, I didn't know their address bars turn uppercase letters lowercase.*
Earlier quoted context omitted.
> Lastly, we reserve the right to manipulate the money supply. You may dislike the way central banks control and manipulate the money supply, but the reality is that an unmanaged currency is generally a disaster for everyone. To fulfill its role as a stable store of value, a currency has to be managed. The notion that an inherently deflationary unit of accounting (such as Bitcoin), or a completely unmanaged one, or o…
> To fulfill its role as a stable store of value, a currency has to be managed. But they don’t optimize for “stable store of value” over “full employment” or “hidden taxation through monetary inflation”. In fact, they have the opposite goal because “the velocity of money” is negatively influenced by people using money as a store of value. Keeping money in a savings account and collecting interest is bad for society b…
Earlier quoted context omitted.
> Lastly, we reserve the right to manipulate the money supply. You may dislike the way central banks control and manipulate the money supply, but the reality is that an unmanaged currency is generally a disaster for everyone. To fulfill its role as a stable store of value, a currency has to be managed. The notion that an inherently deflationary unit of accounting (such as Bitcoin), or a completely unmanaged one, or o…
The hard money standard (e.g. precious metals) is older and has outlived nearly all fiat currencies and will likely outlive the existing currencies. What do you think will be worth more in 100 years from now? 1 US dollar or the equivalent of gold? How about 500 years? 1000 years? My money is on the gold. Every fiat will be stable until it blows up. It will necessarily be mismanaged in a long enough time line, and bas…
And it's not like precious metal based currencies were stable over long periods anyway. There is nothing in the working of economies that guarantees that precious metals will accumulate in sync with economic growth and contraction. Trying to tie one to the other is every bit as much "fiat" economics as an untethered currency, like the dollar.
Earlier quoted context omitted.
> annoyed they were too early to profit "na na sore loser" is quite the angle for someone bemoaning a lack of "thoughtful criticism." Do try and grow up.
One does have to wonder if the level of vitriol around crypto would be quite so high if it was merely popular and had not made some people a lot of money.
One might also "wonder" why the only people with positive things to say about cryptocurrency are those with a vested interest in its success. That's not true of any other technology.
Earlier quoted context omitted.
One does have to wonder if the level of vitriol around crypto would be quite so high if it was merely popular and had not made some people a lot of money.
Does one? Because that's a line straight out of the MLM playbook. One might also "wonder" why the only people with positive things to say about cryptocurrency are those with a vested interest in its success. That's not true of any other technology.
Earlier quoted context omitted.
MMT is widely regarded as not in agreement with the few things we’re pretty sure we know about economics, and furthermore its proponents generally refuse to publish actual models of the system they propose. Here’s a good examination of an MMT model that finds it somewhat lacking: https://noahpinion.substack.com/p/examining-an-mmt-model-in-...
The opening line of this blog is: > MMT, for those who aren’t familiar with it, is a small, cohesive group of people who go around telling the government to borrow more and spend more. Which is fundamentally incorrect and betrays a misunderstanding of MMT so his opinion is irrelevant