If a bank is hacked or robbed I don't lose any of my personal money.
Because they're not stealing your cash. Once you make a deposit, it's the banks money and you only own a number in a computer.
This 'protection' is of course was brought about specifically because for all time prior to it, if a bank did get robbed it was your money that went missing.
In the US and other western countries the monetary supply is carefully controlled. Most new dollars being printed are being used to replace a old dollar taken out of circulation.
Oh wow, you really believe that? Google 'Quantitative Easing' and get an education. This is precisely why decentralised currency is in the news every day now. A lot of people have had enough of govt and banks fucking with our money.
If I trade BTC => Other => BTC, it's still just trading BTC for BTC to inflate the volume.
Ok so you've demonstrated that you have no idea how an exchange works. Probably best to stop right there.
That's only showing about $3.5B for the last 24 hours, still a lot but not "over $6" and it includes exchanges w/o fees, which are prone to be manipulated.
Ok so you've demonstrated that you have no idea how an exchange works. Probably best to stop right there.
You know, I keep hearing how bitcoin is supposed to be this secure system.
From where? Bitcoin is like cash, if you leave it in someone else's care and they lose it you are screwed. This has always been the case.
But yet it seems a new exchange is hacked every week and a assload of bitcoins is stolen
Less Exchanges have been hacked than Banks have been robbed, but it goes with the territory. Exchanges are for exchanging, you should never leave your money there, this is pretty standard advice.
So my question is "how can i trust a currency that can't even secure its own financial hubs?"
You shouldn't trust any financial 'hub'. The whole finance industry is run by sharks regardless of the currency they use. Right now the Federal Reserve is printing money and devaluing the money in your pocket as we speak. Do you trust that?
Even if "when you were dead" involved them probably killing you before age 20? Because that's about the norm for farm animals.
More context is probably required such around what is the life expectancy of a farmed animal compared to wild? If infant mortality and life expectancy were similar to the 16th century then 20 good years might be a good deal.
Personally, I try to avoid commissioning the death of anything that demonstrates sophisticated tool-use and problem-solving skills. Which pretty much rules out most whales and higher primates, elephants, etc.
What if the trade-off is a good life in exchange for your corpse? To demonstrate, if someone offered me a guaranteed good life on the condition they'd eat me when I'm dead, I'd take it. What right do you have to deny that to others?
Saving $3 a day for 40 years at 6% interest compounded annually works out to over $160,000.
Good, good. you know some basic maths. Now tell me what interest rates have been for each of the last last 40 years, compared to inflation and cross reference that against the averages cup of coffee, and add in all the side effects of 40 years of never drinking coffee, being looked at weirdly by friends and co-workers and all the other soft implications of behaving like a tight ass?
The best job in the world isn't worth dick if you fail to understand the value of saving and investing.
Yes it is, because even if you blow everything you have you've probably had a good life. Unlike a weirdo who won't spend a penny on anything.
"I spent a lot of money on booze, birds and fast cars. The rest I just squandered." - George Best
So if I gave you a 1kg of gold what exactly would you use it for?
You could make a lot of high-quality electrical switch contacts?
Could you? And I mean you specifically? Because I'm sure someone out there can, but the number of them is much less than the number of people who value gold. Which is my point.
I can show you 3 other sites that appear to give different figures, why is that one trustworthy?
Yet you didn't post them. I find that odd...
Apparently the Chinese used to love trading bitcoin for bitcoin
Ok so you've demonstrated that you have no idea how an exchange works. Probably best to stop right there.
Who the fuck is taking bitcoin as a security? That might just be the dumbest thing I've heard this year.
The funny thing about reality is that it doesn't care what you think. And this sums up nicely the anti-bitcoin rabble. I have no idea how it works, therefore it must be crap.
When using tax incentives to encourage consumer behavior...
The tax incentives are to help kick start an new industry which will hopefully return a greater benefit to society than it costs. Based on the growth of solar, battery tech, and EVs, and the effect of reducing dependencies on fossil fuels, foreign energy dependence and millions of deaths a year from air pollution, I'd say they are working.
Most of the vehicles in your list are foreign. The local competition only exist because of Tesla and subsidies.
And how much of that volume is trading bitcoin for bitcoin?
What? That makes no sense. Why would I trade Bitcoin for Bitcoin? Trading means exchanging something for something else
When the trend is up, most of the orders are buy, you can bet your ass $100MM USD a day in sell orders would be noticed.
$100M in one trade might, but no-one is that stupid. A fund I'm associated with dumps millions a week across multiple exchanges and it's not even a blip. But why cash out? Bitcoin is a currency and a security, they can buy things directly with it use to borrow against. Just like Shares, Gold or Cash.
That the value of bitcoins will reduce drastically if they try to cash out.
I just checked Bittrex and $50k of BTC was sold in the last 60 seconds, and that is pretty normal all day every day.
And I'll add that the exchanges doesn't have to $$$ to give
Neither do banks or the share market, or the gold exchange for that matter. Money doesn't really get moved as cash in suitcases anymore. As long as it can be used as a security (which it can) it's as good as cash.
Paying $3 for a cup of coffee every morning for 40 years = $43,800
$43800 in 40 years will be worth about $100 due to inflation. Is that worth spending 40 fucking years worrying about making coffee every single day?
And what is the cumulative stress effect of counting coffee savings every single day for 40 years?
This is advice. Financial advice.
And it's pretty shit. Better advice would be to get a STEM education and never worry about the price of coffee again.
His advice is reminiscent of the advice in "The Millionaire Next Door", with was a best seller back in the day. The point of that book is that real millionaires usually do not have extravagant lifestyles,
But Donald Trump has a golden escalator and his own private golf course...
Not buying anything you don't need is how you save up money. And having money is very helpful when you want to get rich.
But isn't the very point of being rich to be able to afford to buy things you don't need? Seems pointless being rich if you're never going to spend your money.
"I spent a lot of money on booze, birds and fast cars. The rest I just squandered". - George Best
You know, the rich Democrats who had this project shot down repeatedly
Meanwhile rich Republicans want to drill in National Parks and raise your taxes, and take healthcare off you. So what is the common theme here?
As long as you keep painting everything as red vs blue, the rich people will continue to win...
One of our Australian politicians complained about the 'unsightly' windmills in farms
That wasn't just 'one of our politicians' it was the fucking Prime Minister!
The same one that vehemently opposed gay marriage even though 75% of his local electorate voted yes in the referendum.
Let's see. Environmental movement started with America. America has done a good job of managing our fisheries
Has done, being past tense. There's a new sheriff in town and all bets are off.
As they say in the corporate gambling world, historical performance is no indication of future performance.
How about chimpanzees? Or is eating intelligent beings with complex social lives only distasteful when they're relatively closely related?
Well let's flip that around, are you ok eating a potato? At what point on the biological hierarchy between potato and human do you define the boundary between living thing with a social life and things that are allowed to be eaten?
Would you watch a stream of programmers typing on their keyboards? No, because it's pointless.
Humans watch other humans playing sports because they're too fucking lazy to play sports themselves.
I think you missed the point. Lord of the Rings was mostly programmers typing on keyboards, but that is not the end product that people paid to see.
Oh, "for the teams", you say? That's tribalism, meaning you have the same brain processes as cavemen.
Exactly, so what is the difference between watching a real human on TV, and a computer generated photo-realistic human on TV when your brain can't tell the difference? Sure we're not quite there yet, but it's only a couple of years away
Slashdot Mirror
If a bank is hacked or robbed I don't lose any of my personal money.
Because they're not stealing your cash. Once you make a deposit, it's the banks money and you only own a number in a computer.
This 'protection' is of course was brought about specifically because for all time prior to it, if a bank did get robbed it was your money that went missing.
In the US and other western countries the monetary supply is carefully controlled. Most new dollars being printed are being used to replace a old dollar taken out of circulation.
Oh wow, you really believe that? Google 'Quantitative Easing' and get an education. This is precisely why decentralised currency is in the news every day now. A lot of people have had enough of govt and banks fucking with our money.
If I trade BTC => Other => BTC, it's still just trading BTC for BTC to inflate the volume.
Ok so you've demonstrated that you have no idea how an exchange works. Probably best to stop right there.
That's only showing about $3.5B for the last 24 hours, still a lot but not "over $6" and it includes exchanges w/o fees, which are prone to be manipulated.
Ok so you've demonstrated that you have no idea how an exchange works. Probably best to stop right there.
UK and most of European salaries are a joke, so I'd call it even.
So are most of the US's. This is the problem with massive inequality, even in the wealthiest nation on earth most people are still considered poor.
You know, I keep hearing how bitcoin is supposed to be this secure system.
From where? Bitcoin is like cash, if you leave it in someone else's care and they lose it you are screwed. This has always been the case.
But yet it seems a new exchange is hacked every week and a assload of bitcoins is stolen
Less Exchanges have been hacked than Banks have been robbed, but it goes with the territory. Exchanges are for exchanging, you should never leave your money there, this is pretty standard advice.
So my question is "how can i trust a currency that can't even secure its own financial hubs?"
You shouldn't trust any financial 'hub'. The whole finance industry is run by sharks regardless of the currency they use. Right now the Federal Reserve is printing money and devaluing the money in your pocket as we speak. Do you trust that?
Treat bitcoin like cash? Put it in the bank and you'll still get it all back back (with interest!) if the bank gets robbed?
You put cash in a bank? Where are you, 1985?
Even if "when you were dead" involved them probably killing you before age 20? Because that's about the norm for farm animals.
More context is probably required such around what is the life expectancy of a farmed animal compared to wild? If infant mortality and life expectancy were similar to the 16th century then 20 good years might be a good deal.
Self-awareness perhaps?
Personally, I try to avoid commissioning the death of anything that demonstrates sophisticated tool-use and problem-solving skills. Which pretty much rules out most whales and higher primates, elephants, etc.
What if the trade-off is a good life in exchange for your corpse? To demonstrate, if someone offered me a guaranteed good life on the condition they'd eat me when I'm dead, I'd take it. What right do you have to deny that to others?
Central Nervous System.
So no animals at all? Boring...
Saving $3 a day for 40 years at 6% interest compounded annually works out to over $160,000.
Good, good. you know some basic maths. Now tell me what interest rates have been for each of the last last 40 years, compared to inflation and cross reference that against the averages cup of coffee, and add in all the side effects of 40 years of never drinking coffee, being looked at weirdly by friends and co-workers and all the other soft implications of behaving like a tight ass?
The best job in the world isn't worth dick if you fail to understand the value of saving and investing.
Yes it is, because even if you blow everything you have you've probably had a good life. Unlike a weirdo who won't spend a penny on anything.
"I spent a lot of money on booze, birds and fast cars. The rest I just squandered." - George Best
So if I gave you a 1kg of gold what exactly would you use it for?
You could make a lot of high-quality electrical switch contacts?
Could you? And I mean you specifically? Because I'm sure someone out there can, but the number of them is much less than the number of people who value gold. Which is my point.
I can show you 3 other sites that appear to give different figures, why is that one trustworthy?
Yet you didn't post them. I find that odd...
Apparently the Chinese used to love trading bitcoin for bitcoin
Ok so you've demonstrated that you have no idea how an exchange works. Probably best to stop right there.
Who the fuck is taking bitcoin as a security? That might just be the dumbest thing I've heard this year.
The funny thing about reality is that it doesn't care what you think. And this sums up nicely the anti-bitcoin rabble. I have no idea how it works, therefore it must be crap.
When using tax incentives to encourage consumer behavior ...
The tax incentives are to help kick start an new industry which will hopefully return a greater benefit to society than it costs. Based on the growth of solar, battery tech, and EVs, and the effect of reducing dependencies on fossil fuels, foreign energy dependence and millions of deaths a year from air pollution, I'd say they are working.
Most of the vehicles in your list are foreign. The local competition only exist because of Tesla and subsidies.
Bitcoin does over 6 billion a day in trade volume
Says who?
Really? Market trades are public information https://coinmarketcap.com/
And how much of that volume is trading bitcoin for bitcoin?
What? That makes no sense. Why would I trade Bitcoin for Bitcoin? Trading means exchanging something for something else
When the trend is up, most of the orders are buy, you can bet your ass $100MM USD a day in sell orders would be noticed.
$100M in one trade might, but no-one is that stupid. A fund I'm associated with dumps millions a week across multiple exchanges and it's not even a blip. But why cash out? Bitcoin is a currency and a security, they can buy things directly with it use to borrow against. Just like Shares, Gold or Cash.
That the value of bitcoins will reduce drastically if they try to cash out.
I just checked Bittrex and $50k of BTC was sold in the last 60 seconds, and that is pretty normal all day every day.
And I'll add that the exchanges doesn't have to $$$ to give
Neither do banks or the share market, or the gold exchange for that matter. Money doesn't really get moved as cash in suitcases anymore. As long as it can be used as a security (which it can) it's as good as cash.
Paying $3 for a cup of coffee every morning for 40 years = $43,800
$43800 in 40 years will be worth about $100 due to inflation. Is that worth spending 40 fucking years worrying about making coffee every single day?
And what is the cumulative stress effect of counting coffee savings every single day for 40 years?
This is advice. Financial advice.
And it's pretty shit. Better advice would be to get a STEM education and never worry about the price of coffee again.
His advice is reminiscent of the advice in "The Millionaire Next Door", with was a best seller back in the day. The point of that book is that real millionaires usually do not have extravagant lifestyles,
But Donald Trump has a golden escalator and his own private golf course...
Not buying anything you don't need is how you save up money. And having money is very helpful when you want to get rich.
But isn't the very point of being rich to be able to afford to buy things you don't need? Seems pointless being rich if you're never going to spend your money.
"I spent a lot of money on booze, birds and fast cars. The rest I just squandered". - George Best
$850 added to an investment account each year for 50 years with interest is:...
Doesn't matter. To get ahead you need to beat inflation and $2.50 ain't going to do it no matter how many years you keep at it.
Decades ago, they made this machine that would automatically brew a hot cup of shit coffee
FTFY
The true stupidity is listening to the Starbucks generation
Starbucks is equally shit.
I don't think Americans know what good coffee is.
You know, the rich Democrats who had this project shot down repeatedly
Meanwhile rich Republicans want to drill in National Parks and raise your taxes, and take healthcare off you. So what is the common theme here?
As long as you keep painting everything as red vs blue, the rich people will continue to win...
One of our Australian politicians complained about the 'unsightly' windmills in farms
That wasn't just 'one of our politicians' it was the fucking Prime Minister!
The same one that vehemently opposed gay marriage even though 75% of his local electorate voted yes in the referendum.
Let's see. Environmental movement started with America. America has done a good job of managing our fisheries
Has done, being past tense. There's a new sheriff in town and all bets are off.
As they say in the corporate gambling world, historical performance is no indication of future performance.
How about chimpanzees? Or is eating intelligent beings with complex social lives only distasteful when they're relatively closely related?
Well let's flip that around, are you ok eating a potato? At what point on the biological hierarchy between potato and human do you define the boundary between living thing with a social life and things that are allowed to be eaten?
"Succeed" from the EU? That pretty much sums up your intelligence.
Well at least it was a successful demonstration...
Would you watch a stream of programmers typing on their keyboards? No, because it's pointless.
Humans watch other humans playing sports because they're too fucking lazy to play sports themselves.
I think you missed the point. Lord of the Rings was mostly programmers typing on keyboards, but that is not the end product that people paid to see.
Oh, "for the teams", you say? That's tribalism, meaning you have the same brain processes as cavemen.
Exactly, so what is the difference between watching a real human on TV, and a computer generated photo-realistic human on TV when your brain can't tell the difference? Sure we're not quite there yet, but it's only a couple of years away