The difference is you can get a copy of the source of those utilities and compile them yourself to avoid the hacked versions you mentioned. You can't do that with proprietary software which comes hacked, ie engineered to do that by design.
The fact that an asset can "evaporate" such as an Enron being discovered as a fraud or as a company whose manufacturing is destroyed overnight by an earthquake doesn't mean there is no intrinsic value. What you're describing is risk, be it asset-specific or systemic, neither of which negates the concept of value. Earnings from an asset such as dividends from a stock is not a theoretical concept - it's money in your hands. Count up the money that an asset has historically returned, add in its historical growth of those earnings, then compare that to the riskless rate of return and you have the model used to apply a valuation to an asset.
You're conflating asset appreciation (and speculative appreciation at that) with the earnings of that asset. Bitcoin doesn't earn anything - it doesn't earn interest, profit, or pay dividends. Assets such as stocks do. Enron's earnings were fraudulent so that's not a relevant comparison.
For investments such as stocks, intrinsic and future value are based on the discounted future cash flow of that investment (ROI), relative to the risk-free rate of return (Treasuries in the USA). For non-investment assets the value is based on the cost of alternatives, so for houses that would be compared to renting.
A bubble is the pricing of an asset beyond its reasonable intrinsic or future expected value (earnings), so you can't compare the nominal pricing of an asset between two different time frames without accounting for how the value of that asset changed over that time. For example, a stock may have been a bubble 20 years ago but if the price stayed constant while earnings improved then that stock might no longer be a bubble.
The best way to determine whether a market is in a bubble is when the "dumb" money has not only entered the market but believes they are qualified to advise others as well. There is ample evidence of this on YouTube. Same exact thing happened during the most recent stock market and real estate bubbles. Cab drivers, hair dressers, even strippers, all talking about their investment and telling others why they can't lose.
But many of the items sold by third-parties are fulfilled by Amazon, ie Amazon carries stock of the item in their warehouses and fulfills the order on behalf of the sellers. Basically you're only buying from the third-party by name rather than in practice.
Amazon sells nearly everything its third-party sellers do. I noticed after Amazon started collecting sales tax in my state they began to feature third-party sellers much more prominently in my browsing sessions, none of who collect sales tax because they're mostly virtual resellers with a physical presence in only one state. Amazon still makes money by charging transaction fees on the seller. The fact they're subsidizing discounts for these third-party sellers is more proof of Amazon's sales tax strategy.
The subsidies means the cost of E&P and processing for the companies will be lower. It doesn't mean that lower cost will be passed on to consumers. And if you do some research about the domestic fuel market you'll see that the spot market for oil doesn't always correlate to the consumer price for its products, for a wide range of reasons including regional monopolies/oligopolies for refineries.
Interesting distinction considering how bitcoin is a virtual construct whose value is conveyed by a collection of numbers with no inherent value or full-credit backing by any nation or organization.
The difference being that "blind luck, critical social connections, or inheritance/ancestry" are passive states of being whereas my comparison was for volitional actions, ie a lifetime of work vs spending an hour recording a video of a prohibited product disclosure.
Sorry to go all old-man-yells-at-cloud up in here but today's generation is all about looking for ways to be noticed any way they can. Her apology video demonstrates that - she's beaming with pride about how her video was trending before it was taken down. People used to only earn recognition by either achieving something through hard work. YouTube and social media has provided them shortcuts to that status.
Since AI is the be all and end all, they should have their existing AI geniuses write some awesome AI logic that does the same thinking and work of other AI geniuses. Problem solved.
Fair enough, but if Google's servers can be hacked to steal the server-side portion of the Authenticator password then it's possible they can also be hacked to get into your gmail account by other means.
Slashdot Mirror
The difference is you can get a copy of the source of those utilities and compile them yourself to avoid the hacked versions you mentioned. You can't do that with proprietary software which comes hacked, ie engineered to do that by design.
Now I think he's just right, and almost all the time.
Get out of the house and try talking to a woman.
The fact that an asset can "evaporate" such as an Enron being discovered as a fraud or as a company whose manufacturing is destroyed overnight by an earthquake doesn't mean there is no intrinsic value. What you're describing is risk, be it asset-specific or systemic, neither of which negates the concept of value. Earnings from an asset such as dividends from a stock is not a theoretical concept - it's money in your hands. Count up the money that an asset has historically returned, add in its historical growth of those earnings, then compare that to the riskless rate of return and you have the model used to apply a valuation to an asset.
You're conflating asset appreciation (and speculative appreciation at that) with the earnings of that asset. Bitcoin doesn't earn anything - it doesn't earn interest, profit, or pay dividends. Assets such as stocks do. Enron's earnings were fraudulent so that's not a relevant comparison.
That's not correct. Assets which earn income have value from the income they earn, both current income and future discounted cash flow/earnings.
For investments such as stocks, intrinsic and future value are based on the discounted future cash flow of that investment (ROI), relative to the risk-free rate of return (Treasuries in the USA). For non-investment assets the value is based on the cost of alternatives, so for houses that would be compared to renting.
A bubble is the pricing of an asset beyond its reasonable intrinsic or future expected value (earnings), so you can't compare the nominal pricing of an asset between two different time frames without accounting for how the value of that asset changed over that time. For example, a stock may have been a bubble 20 years ago but if the price stayed constant while earnings improved then that stock might no longer be a bubble.
The best way to determine whether a market is in a bubble is when the "dumb" money has not only entered the market but believes they are qualified to advise others as well. There is ample evidence of this on YouTube. Same exact thing happened during the most recent stock market and real estate bubbles. Cab drivers, hair dressers, even strippers, all talking about their investment and telling others why they can't lose.
Thanks. Can you post the references to them?
That's true, but how many different news outlets has Trump granted interviews to?
But many of the items sold by third-parties are fulfilled by Amazon, ie Amazon carries stock of the item in their warehouses and fulfills the order on behalf of the sellers. Basically you're only buying from the third-party by name rather than in practice.
Amazon sells nearly everything its third-party sellers do. I noticed after Amazon started collecting sales tax in my state they began to feature third-party sellers much more prominently in my browsing sessions, none of who collect sales tax because they're mostly virtual resellers with a physical presence in only one state. Amazon still makes money by charging transaction fees on the seller. The fact they're subsidizing discounts for these third-party sellers is more proof of Amazon's sales tax strategy.
The subsidies means the cost of E&P and processing for the companies will be lower. It doesn't mean that lower cost will be passed on to consumers. And if you do some research about the domestic fuel market you'll see that the spot market for oil doesn't always correlate to the consumer price for its products, for a wide range of reasons including regional monopolies/oligopolies for refineries.
Can you provide a reference to a study that demonstrates a correlation between fossil fuel subsidies and lower consumer prices for fuel?
https://www.treasury.gov/open/Documents/USA%20FFSR%20progress%20report%20to%20G20%202014%20Final.pdf
Interesting distinction considering how bitcoin is a virtual construct whose value is conveyed by a collection of numbers with no inherent value or full-credit backing by any nation or organization.
https://en.wikipedia.org/wiki/Tulip_mania
The difference being that "blind luck, critical social connections, or inheritance/ancestry" are passive states of being whereas my comparison was for volitional actions, ie a lifetime of work vs spending an hour recording a video of a prohibited product disclosure.
Sorry to go all old-man-yells-at-cloud up in here but today's generation is all about looking for ways to be noticed any way they can. Her apology video demonstrates that - she's beaming with pride about how her video was trending before it was taken down. People used to only earn recognition by either achieving something through hard work. YouTube and social media has provided them shortcuts to that status.
I started receiving the calls about 18 months ago.
The caller knows my name, address, phone number, and which Dell system I purchased. Dell's corporate security is non-existent.
Since AI is the be all and end all, they should have their existing AI geniuses write some awesome AI logic that does the same thinking and work of other AI geniuses. Problem solved.
Fair enough, but if Google's servers can be hacked to steal the server-side portion of the Authenticator password then it's possible they can also be hacked to get into your gmail account by other means.
How is a separate physical bluetooth key better than the existing option of using Google's Authenticator app for 2FA?