{quote} what lying? LN isn't ready everyone who knows anything knows that.
The guy doesnt come up with solid arguments anyway. Mostly rants against the establisment, we all can do that after divorce.
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- #6,821
- Feb 24, 2020 12:19am Feb 24, 2020 12:19am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
The guy doesnt come up with solid arguments anyway. Mostly rants against the establisment, we all can do that after divorce.
- #6,822
- Edited 1:43am Feb 24, 2020 1:10am | Edited 1:43am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} Yeap, pretty much like it. My bear on top for now{image}
...$250 steps down...
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- #6,823
- Feb 24, 2020 2:30am Feb 24, 2020 2:30am
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
My prediction was right Bitcoin opened today with a gap but the party did not last it went down the tube again today
- #6,824
- Feb 24, 2020 3:07am Feb 24, 2020 3:07am
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
{quote} what lying? LN isn't ready everyone who knows anything knows that. Yes its under constant development but it has bugs, the protocol itself isnt even safe yet, obvious for those who know the code, for example the carve-out that was recently put into the bitcoin core reference code to eliminate a case where mempool will stop propogating transactions related to CPFP transactions that hit the ancestoral limit of amount of txs found as inputs in the mempool, carve out was necessary as a one-off.. but ofc you wouldn't know any of this, you're...
I think that he is an adolescent who haven't learned the way anything works yet 
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- #6,827
- Edited 7:57am Feb 24, 2020 5:44am | Edited 7:57am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
I'm shorting from here. TudorIoan's bear is keeping a lid on things for me! {image}
Member
- #6,830
- Feb 24, 2020 4:03pm Feb 24, 2020 4:03pm
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #6,831
- Edited Feb 25, 2020 12:24am Feb 24, 2020 11:43pm | Edited Feb 25, 2020 12:24am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} I don't think you know what your talking about overall.. I have been trading in the markets for over 15 years before so I fully know both sides, I just understand the importance through education. It is experimental! yes, but well worth the risk compared to other risks I would take to try to do something useful and put my skills to use, the fact that those fields are more competitive, perhaps less innovative it is certainly not a good direction for myself and for others looking to make real change and have some good understanding of money,...
We all hate corruption, incompetence, bureauracy, rigid old systems... but I'm not quite sure that crypto is the best solution. (oh no, greed is good, it keeps our economy running - George Carlin
)IMO crypto fails when it comes to understand value, market dynamics, consumers' behaviour, social hierarchy, sovereignty, cultural environment...
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- #6,834
- Feb 25, 2020 10:49am Feb 25, 2020 10:49am
- Joined Apr 2009 | Status: Non-Member | 4,719 Posts
{quote} Trying to do something useful putting your skills to use is admirable. Respect ! We all hate corruption, incompetence, bureauracy, rigid old systems... but I'm not quite sure that crypto is the best solution. (oh no, greed is good, it keeps our economy running - George Carlin
- #6,835
- Feb 25, 2020 4:03pm Feb 25, 2020 4:03pm
- Joined Apr 2010 | Status: Lazy trader on D1 charts | 5,901 Posts
- #6,836
- Edited 7:05am Feb 26, 2020 3:01am | Edited 7:05am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} If it’s not a solution what is? We know inflation targeting doesn’t work.. the only other solution is deterministic inflation based on gdp metric somehow that is easy for avg joe to understand. If that’s not possible then deflation is the only way that I and anyone else I know can see as a way to fix.. it’s not without it’s short falls.. obviously lending markets would pretty much die as is and need to reinvent.. and spending will be much scarcer but as we see in consumer electronics people do buy when they need something they aren’t afraid...
And how are you going to control that in a crypto free economy? Moving crypto rates carefully than they already do with dollar ?
BTW, the average Joe-n-k should mind his business, it's not imperative for him to understand monetary policy. He can gamble on bitcoin, make his million and call everyone stupid as a boor character he is.
Inflation is not the single problem of this world. Crypto people treat it like is the only one.
Deflation can be disastrous. And not causing just "short falls". Don't try to minimize it !
Economists understood very well that any limited supply of a referential support of value is wrong.
(deflationary effect of the gold standard historical lesson)
Ofc, and I keep mention this, one of the benefits of the rigid fixed supply is that the limitations to the growth of the money supply by the use of bitcoin for instance would prevent inflation. Goood, okay !
But on the other hand, when the economy will grow, and population will grow, the increase in trade will outpace the money supply, there would be no way to counteract deflation and reduced liquidity, and that will cause recession. Just by itself ! Even if everything else will be perfect, the limited supply of the referential
item of value (whatever it is) will cause recession, since will act as a break for the whole economy !!
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- #6,837
- Feb 26, 2020 3:10am Feb 26, 2020 3:10am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
Member
- #6,838
- Edited 2:32pm Feb 26, 2020 3:16am | Edited 2:32pm
- Joined Jun 2015 | Status: Trader | 14,961 Posts
LOL
truth hurts
Someone hid my post above
I deleted it
Expect repost
truth hurts
Someone hid my post above
I deleted it
Expect repost
Beware of robber banks (RB), bad advisors.
- #6,839
- Edited 5:22am Feb 26, 2020 3:20am | Edited 5:22am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
You say less spending ? Risky there ! Hey, my spending is what you are earning !!
And your spending is what Dude is earning... If I cut my spending you will earn less. Therefore you will spend less. So will happen with your buddy Dude.
Unless someone is not offering cheap credit out of thin air, true, but refueling the balance stimulating production because spending rising demand ...ta-daaa !
So not only avoiding recession but also assure growth.
Spending is driving the economy. Not productivity as we all would believe.
And this Bank - Dude Formula needs a flexibility degree which the limited money supply can't offer.
And there it goes, if no flexible money supply, this deflationist vicious self-reinforcing pattern will spreading the economic crisis through the whole system.
That's how the classical deflationary spiral starts the fire !!
I know that theory, but I don't think is right saying overall people do buy when they need something and they aren't afraid to get it when they desire something !
...even if they risk individual bankruptcy? Yes, some of them do that. But are they representative for the whole free economy as economic actors ?
The young don't care, the mature pounders everything. Tie !
And you picked some particular case, well yes, electronics might work, gosh, like crazy top range smartphones, and so in any top particular domain. But not for the economy as a whole.
Sure, Dude might be angry when learn what the banks do ...and might wanna kill the system and reinvent the "wheel" to work better for him ...but there is no other way !
And your spending is what Dude is earning... If I cut my spending you will earn less. Therefore you will spend less. So will happen with your buddy Dude.
Unless someone is not offering cheap credit out of thin air, true, but refueling the balance stimulating production because spending rising demand ...ta-daaa !
So not only avoiding recession but also assure growth.
Spending is driving the economy. Not productivity as we all would believe.
And this Bank - Dude Formula needs a flexibility degree which the limited money supply can't offer.
And there it goes, if no flexible money supply, this deflationist vicious self-reinforcing pattern will spreading the economic crisis through the whole system.
That's how the classical deflationary spiral starts the fire !!
I know that theory, but I don't think is right saying overall people do buy when they need something and they aren't afraid to get it when they desire something !
...even if they risk individual bankruptcy? Yes, some of them do that. But are they representative for the whole free economy as economic actors ?
The young don't care, the mature pounders everything. Tie !
And you picked some particular case, well yes, electronics might work, gosh, like crazy top range smartphones, and so in any top particular domain. But not for the economy as a whole.
Sure, Dude might be angry when learn what the banks do ...and might wanna kill the system and reinvent the "wheel" to work better for him ...but there is no other way !
Member
- #6,840
- Edited 6:27am Feb 26, 2020 3:23am | Edited 6:27am
- Joined Dec 2015 | Status: Trader | 14,257 Posts
{quote} If it’s not a solution what is? We know inflation targeting doesn’t work.. the only other solution is deterministic inflation based on gdp metric somehow that is easy for avg joe to understand. If that’s not possible then deflation is the only way that I and anyone else I know can see as a way to fix.. it’s not without it’s short falls.. obviously lending markets would pretty much die as is and need to reinvent.. and spending will be much scarcer but as we see in consumer electronics people do buy when they need something they aren’t afraid...
And ofc, I'm the objective eye
Don't get me wrong, it's alright, I would do the same for my baby
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