I'm able to use stock graphs to predict the market well enough to earn money. I don't even bother with the fundamentals. I don't understan. the underlying data. All I am doing is looking at graphs and projecting into the near future. 50 years of accurate predictions might we have a pretty good grasp of climate change. Or it could mean we are predicting the long term weather, as indicated by the recent activity and millions of years of data.
If only there was a type of money that could be sent over the Internet but you could control it like cash... We could call it ECash. Then no one could double charge you.
And that money the bank borrows to cover their loans? That money is loaned out on the same fractional reserve. You are playing semantic games, but not describing a process that is fundamentally different from that which I described.
There may be intermediaries, but the money almost always ends up back in a bank account somewhere. So you borrow money to build a house, then you pay the contractors and hardware stores, then they deposit the money in their bank. They then pay their people and suppliers, who deposit the money into their banks. Then they buy goods and services from stores who put the money into their banks. Pretending there is only one bank involved in the process makes it easier to describe, but it doesn't fundamentally change the dynamics of money creation.
In the context of crypto-currency exchanges, a digital USD has more utility because it can be transferred much more quickly, and with higher confidence. Bank transfers are slow and can be cancelled or reversed.
Funny, it only takes a few minutes to vote on a bill. Seems like 9 months is more than sufficient. And I was replying to a comments that claimed the Democrats weren't in power. That's bullshit. Democrats need to take responsibility for their inability to govern. They can't keep blaming Republicans for their incompetence and/or poor party management.
"The Congress shall have Power... to... provide for the common Defence and general Welfare of the United States [and to] make all Laws which shall be necessary and proper for carrying into Execution... all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof"
That pretty much covers anything, subject to the interpretation of the Supreme Court. As I said, if the law can be construed as making governance easier - that is, it is "necessary and proper for carrying into Execution... all other Powers" - then it falls under the auspices of things Congress can legislate.
Suicides are not news. There are tens of thousands of them per year in the U.S. The fact that Robin Williams suicided is news, but not important news. Nothing about the details of his suicide are newsworthy.
If you want knowledge, read the scientific literature. No one is stopping you. Your thirst for knowledge about broken people is not a reason to fill public airwaves with your obsession.
Not necessarily. It might be illegal to - say - buy BTC on a foreign exchange. That doesn't stop me from skirting one regulation while following the important ones (like taxes).
Because if there are two agencies regulating crypto as two different things (say, securities vs currency), then any defendent will use that in court to undermine the authority of the regulator.
I have been wanting a new tablet for years, but no one is making decent 7" tablets. Tablet market has been ruined by Zack Morris sized smart phones and poor people who would rather buy a giant phone than a reasonably sized phone AND a tablet.
Making six figures doesn't make you overpaid. If you build a server in a data center, that's one server. If you program scripts to launch servers in a data center, you have done the work of X IT guys.
Or to put it another way, I assume all programmers can do basic IT. I make no such assumptions about IT workers.
Congress can pass any law they want if they think it makes governing easier. That's spelled out in the Constitution. The actual interpretation of that fact by the Constitutional authority of the Supreme Court seems to completely undermine your idea that Congress can't pass laws that aren't explicity written in.
Right. But laws passed by Congress do not have the significant requirements of state ratification or super majority, making the Bill of Rights a set of laws that are de facto pre-eminent to all others.
This just means the utility of the two currencies (USD and Tether) is different. Having a quasi-USD that can be used as a digital token provides more utility than a real USD. So, even if the true redeemable value is tethered, that doesn't mean the utility (or confidence in its tether) can't affect the real exchange rate of that currency to things like BTC.
$1 deposited, $0.90 in loans distributed, which gets deposited, and then $0.81 in loans is created, which gets deposited, and then $0.72 in loans is created, which gets deposited, and then $0.64 in loans is created, which gets deposited, and then $0.57 in loans is created,...
At this point, the bank had one real dollar deposited and used it to originate 5 different loans totalling $3.64, and it can keep going for some time.
Slashdot Mirror
I'm able to use stock graphs to predict the market well enough to earn money. I don't even bother with the fundamentals. I don't understan. the underlying data. All I am doing is looking at graphs and projecting into the near future. 50 years of accurate predictions might we have a pretty good grasp of climate change. Or it could mean we are predicting the long term weather, as indicated by the recent activity and millions of years of data.
That is one theory. One that is not supported by the OSNAP network at this time.
Perhaps we should stop using such a gender loaded term?
You think texting someone with "Hugs! :)" is generally construed as unacceptable behavior? Your social circle sounds horrible.
If only there was a type of money that could be sent over the Internet but you could control it like cash... We could call it ECash. Then no one could double charge you.
I just walk into my downtown bank branch, sign my name, and wait 0-5 minutes. Find a new bank.
And that money the bank borrows to cover their loans? That money is loaned out on the same fractional reserve. You are playing semantic games, but not describing a process that is fundamentally different from that which I described.
There may be intermediaries, but the money almost always ends up back in a bank account somewhere. So you borrow money to build a house, then you pay the contractors and hardware stores, then they deposit the money in their bank. They then pay their people and suppliers, who deposit the money into their banks. Then they buy goods and services from stores who put the money into their banks. Pretending there is only one bank involved in the process makes it easier to describe, but it doesn't fundamentally change the dynamics of money creation.
In the context of crypto-currency exchanges, a digital USD has more utility because it can be transferred much more quickly, and with higher confidence. Bank transfers are slow and can be cancelled or reversed.
No, they are not. They just seem so to you because you've intentionally framed the causality backwards.
Funny, it only takes a few minutes to vote on a bill. Seems like 9 months is more than sufficient. And I was replying to a comments that claimed the Democrats weren't in power. That's bullshit. Democrats need to take responsibility for their inability to govern. They can't keep blaming Republicans for their incompetence and/or poor party management.
"The Congress shall have Power ... to ... provide for the common Defence and general Welfare of the United States [and to] make all Laws which shall be necessary and proper for carrying into Execution ... all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof"
That pretty much covers anything, subject to the interpretation of the Supreme Court. As I said, if the law can be construed as making governance easier - that is, it is "necessary and proper for carrying into Execution ... all other Powers" - then it falls under the auspices of things Congress can legislate.
Suicides are not news. There are tens of thousands of them per year in the U.S. The fact that Robin Williams suicided is news, but not important news. Nothing about the details of his suicide are newsworthy.
If you want knowledge, read the scientific literature. No one is stopping you. Your thirst for knowledge about broken people is not a reason to fill public airwaves with your obsession.
Not necessarily. It might be illegal to - say - buy BTC on a foreign exchange. That doesn't stop me from skirting one regulation while following the important ones (like taxes).
Because if there are two agencies regulating crypto as two different things (say, securities vs currency), then any defendent will use that in court to undermine the authority of the regulator.
I have been wanting a new tablet for years, but no one is making decent 7" tablets. Tablet market has been ruined by Zack Morris sized smart phones and poor people who would rather buy a giant phone than a reasonably sized phone AND a tablet.
Making six figures doesn't make you overpaid. If you build a server in a data center, that's one server. If you program scripts to launch servers in a data center, you have done the work of X IT guys.
Or to put it another way, I assume all programmers can do basic IT. I make no such assumptions about IT workers.
I've worked at small companies for years, and cultural fits are overrated.
Congress can pass any law they want if they think it makes governing easier. That's spelled out in the Constitution. The actual interpretation of that fact by the Constitutional authority of the Supreme Court seems to completely undermine your idea that Congress can't pass laws that aren't explicity written in.
Right. But laws passed by Congress do not have the significant requirements of state ratification or super majority, making the Bill of Rights a set of laws that are de facto pre-eminent to all others.
How the fuck do people keep forgetting that Democrats controlled the House and Senate when Obama became president?
This just means the utility of the two currencies (USD and Tether) is different. Having a quasi-USD that can be used as a digital token provides more utility than a real USD. So, even if the true redeemable value is tethered, that doesn't mean the utility (or confidence in its tether) can't affect the real exchange rate of that currency to things like BTC.
People aren't going to abandon BTC because Tether loses its tether. But any drop in buy pressure is going to have a negative impact in price.
$1 deposited, $0.90 in loans distributed, which gets deposited, and then $0.81 in loans is created, which gets deposited, and then $0.72 in loans is created, which gets deposited, and then $0.64 in loans is created, which gets deposited, and then $0.57 in loans is created, ...
At this point, the bank had one real dollar deposited and used it to originate 5 different loans totalling $3.64, and it can keep going for some time.
Poof! Money creation!