ObserverNeutral

10 ms·

61.
by ObserverNeutral 5y ago
> Same with the central banks that inflate the currency. They are created by the government that the population approves of. You're making a selective argument against the principle of financial self-sovereignty that underlies the e
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by ObserverNeutral 5y ago
There's a reason why the system is the way it is. Who wants to pay for every transaction? Not the consumer! It's a wet dream of economists, libertarians and dataminers so that everything is deterministic , discrete and measurable.
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by ObserverNeutral 5y ago
what were the results ?
64.
by ObserverNeutral 5y ago
> They are not at all. Governments and financial institutions can lock funds, do 'hair cuts', as they did in the European financial crisis, and engage in other such shenanigans. They can debank or otherwise exclude people and c
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by ObserverNeutral 5y ago
> You can't predict demand perfectly, but you absolutely can predict demand. In fact that's exactly what everyone is doing when they speculate. If you want to make money you have to be pretty accurate in your prediction. Nobody
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by ObserverNeutral 5y ago
> financial applications Legacy financial applications are fine. People who are afraid of inflation just convert BTC>USD the sole amount they need to use the financial application and that's it. Also DeFi apps are very illiquid a
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by ObserverNeutral 5y ago
This whole thing was a fiasco. ESL would be participant would have been better off by fighting for the right to negotiate their TV rights individually
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by ObserverNeutral 5y ago
UBI directed to those who spend it is essentially universal because it's up for grabs for anybody else
69.
by ObserverNeutral 5y ago
Not now! When the US is doing very low productivity infrastructure spending aimed essentially at putting money in people pockets as some sort of UBI which is not a UBI in the eyes of those who receive it. Just to propel economic growth Ital
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by ObserverNeutral 5y ago
All these products are amazing technical feats, but they all aim to do one thing: cutting the middleman The middleman is a social necessity, not solely a technical one. Retail doesn't want the responsibility. Is that simple, so enter t
71.
by ObserverNeutral 5y ago
Chinese banks are even more thirsty for US Treasuries. They can't risk being denied access to USD because that's how the only way you have to buy Treasuries and receive interest and principal back if you are already invested (they
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by ObserverNeutral 5y ago
No. The greatest motivation for Crypto success are hatred and fear. BTC is succeeding because people hate/fear Central Banks printing money , so people love BTC and hate Central Banks. Ethereum doesn't put itself up against the pr
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by ObserverNeutral 5y ago
> Scarce simply means is in short supply, but prices aren't determined by supply alone, they are determined by supply and demand You can't predict demand, nobody can. So all things being equal (demand being unpredictable) you
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by ObserverNeutral 5y ago
> Yes you need to know now but in 10 years my mum will use these things without having any idea what they are Sure but she will use the Spotify app or the Sotheby app to buy NFTs Spotify and Sotheby on the other hand they will not even u
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by ObserverNeutral 5y ago
SWIFT is a messaging system, the US (and everybody else) can inspect SWIFT transactions to see what's going on . But as far as actual enforcement, once the US sees something they really don't like in the SWIFT messaging platform t
76.
by ObserverNeutral 5y ago
> There's the whole infrastructure behind it: thousands of nodes running the blockchain, thousands of applications running on it, developers in this sphere are very scarce because it's so complicated. If you wanted to try to cr
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by ObserverNeutral 5y ago
> Bitcoin is open source Bitcoin is open source, all right. But the first mover advantage and marketing campaign that it has...well it's insurmountable at this point. > Problem is that is still centralized The world doesn't
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by ObserverNeutral 5y ago
What stops Spotify or Sotheby or any other proper company from forking off the ETH blockchain and sell NFT as a service? Nothing..they won't even have to pay because the project is opensource. They can solely focus on ease of use and m
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by ObserverNeutral 5y ago
All those things will never break among the common folk. The common folk wants ease of use above anything else. It has to be as easy as sending money via paypal. No doubt ETH can be the base of that technically, but the model which has ETH
80.
by ObserverNeutral 5y ago
there is no proof of this also let the dollar be infinitly divisible up to the 10th decimal and then let's talk about the system clogging up
81.
by ObserverNeutral 5y ago
Money is a unit of account. You like to see human agency in the resolution of the crisis. In my opinion that's not the case, all the interventions and the tinkering of the unit of accounts and messing with the plumbing of the money mar
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by ObserverNeutral 5y ago
US went down more steeply and emerged faster than the EU, not because of QE, or all the fairy tales told by the Fed. The US as a country is more dynamic, younger and more risk prone than the Eurozone . That's about it. QE had nothing t
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by ObserverNeutral 5y ago
I get what you say. But I think you are projecting yourself onto the regular citizen. The thing which up to now the crypto world has managed to capture about the regular citizen is its fear of inflation and strong preference for deflation w
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by ObserverNeutral 5y ago
This stuff doesn't scale. The 99% is represented by the regular normie citizen who likes intermediaries because they don't want the responsibility. The legacy financial system with intermediaries didn't emerge from some evil
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by ObserverNeutral 5y ago
> Agreed. The money supply should be flexible to help alleviate the effects of inevitable financial crashes. In reality, you either do it in secret...or it makes the crash even worse because people would be even more risk averse because
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by ObserverNeutral 5y ago
> QE doesn’t stimulate the economy because bonds and reserves are functionally identical as far as bank capital requirements are concerned and reducing interest rate payments is deflationary. Actually reserves are slightly better!
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by ObserverNeutral 5y ago
"How bad things must be if the government resorts to giving us free money with an expiration date to force us to spend? I'll spend my 100$ card before it expires but I'll save extra 200$ of my salary compared to before. I hav
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by ObserverNeutral 5y ago
Japan tried this in the 90s with expiring vouchers, results were subpar. The bailwick of Jersey sent citizens a prepaid card with £100 expiring in 6 monhts which was also disabled for ATM withdrawls during 2020. Again moderate results. Mone
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by ObserverNeutral 5y ago
Who asked for this and where is the proof-of-ask? Also how can we make money from this?
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by ObserverNeutral 5y ago
Becoming rich doesn't change the way you are wired This is like asking why Tom Brady keeps training. Money are not meant to be spent, just like Lombardi Trophies are not meant to be looked at or held more than the 24hrs after winning i

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