Speaking of money...

General Discussion about electric vehicles.
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LockH   100 GW

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Location: Ummm.. Started out in Victoria BC Canada, then started to move around... Oh oh.

Speaking of money...

Post by LockH » May 03 2018 12:10am

https://endless-sphere.com/forums/viewt ... 8#p1376958

Currently, ESB "Search found 25 matches: cryptocurrency"... "Search found 19 matches: blockchain"...
... and "Search found 30 matches: exchangers" (but all re HEAT exchangers...)

Stuff like Bitcoins:
https://endless-sphere.com/forums/viewt ... =1&t=30034

Anyway... ad seen in a recent/local newspaper:
Image

8)
ES changed my life (for the waaaaay better).

Eff. June, 2014 Phoenix Ebike Promotions

(Current ride? High speed lawn chair.)
viewtopic.php?f=3&t=57408

Phoenix Ebike Promotions conversion kit (work in progress. More drink holders, etc etc)
viewtopic.php?f=15&t=60564

Joined yer local chapter of EA yet?
(Ebikers Anonymous - Where we're all miserable failures, but the parties are hilarious...)

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Dauntless   100 GW

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Re: Speaking of money...

Post by Dauntless » May 04 2018 2:11am

So there's 17 million of them out there and it's supposed to stop at 21 million. (What is to stop them from growing?) So they're $120 billion going on $150 billion. Pikers. Special Drawing Rights are over $200 billion and the plan supposedly is to create the financial shock wave to allow them to bring that up around $1 trillion. Bitcoin at $1 trillion? There's a night of standup comedy for ya. Special Drawing Rights is bigger than all other cryptocurrencies combined.

I know we're supposed to THINK there's nothing scary about it with China holding the bag on most of it. (India has I think over $2 billion but China has cornered the market. But when China figures out they've been duped they won't have to have the power to retaliate. The disaster in the second biggest economy is going to be a tsunami.

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Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
- Arthur C. Clarke

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LockH   100 GW

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Re: Speaking of money...

Post by LockH » May 29 2018 4:53pm

Max Gulker is a senior research fellow at the American Institute for Economic Research. Gulker holds a doctorate in economics from Stanford University and a bachelor’s degree in economics from the University of Michigan.

Does the world need crypto products?:
http://printarchive.epochtimes.com/a1/e ... PINION.pdf

Starts: Liberty Street Economics, the blog of the Federal Reserve Bank of New York, recently did a Q&A session with New York Fed economists Michael Lee and Antoine Martin about cryptocurrencies. It’s a largely neutral and factual interview, but the economists do make one provocative comment:
“Cryptocurrencies arguably solve the problem of making payments in a trustless environment, but it is not obvious that this is a problem that needs solving, at least in the United States and other
advanced economies.” In other words, why go through the trouble of network bottlenecks and proof-of-work schemes when people already trust their government institutions and banking systems?
ES changed my life (for the waaaaay better).

Eff. June, 2014 Phoenix Ebike Promotions

(Current ride? High speed lawn chair.)
viewtopic.php?f=3&t=57408

Phoenix Ebike Promotions conversion kit (work in progress. More drink holders, etc etc)
viewtopic.php?f=15&t=60564

Joined yer local chapter of EA yet?
(Ebikers Anonymous - Where we're all miserable failures, but the parties are hilarious...)

User avatar
Dauntless   100 GW

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Joined: May 29 2010 1:49am
Location: Coordinates: 33°52′48″N 117°55′43″W

Re: Speaking of money...

Post by Dauntless » May 29 2018 5:01pm

LockH wrote:
May 29 2018 4:53pm
. . . . why go through the trouble of network bottlenecks and proof-of-work schemes when people already trust their government institutions and banking systems?
COOOOGH, cough cough.
Hack. Cough cough.
Chortle. Cough.
Any sufficiently advanced technology is INDISTINGUISHABLE FROM MAGIC!
- Arthur C. Clarke

User avatar
LockH   100 GW

100 GW
Posts: 17453
Joined: Jul 09 2013 11:06pm
Location: Ummm.. Started out in Victoria BC Canada, then started to move around... Oh oh.

Re: Speaking of money...

Post by LockH » Jun 02 2018 1:15pm

ES changed my life (for the waaaaay better).

Eff. June, 2014 Phoenix Ebike Promotions

(Current ride? High speed lawn chair.)
viewtopic.php?f=3&t=57408

Phoenix Ebike Promotions conversion kit (work in progress. More drink holders, etc etc)
viewtopic.php?f=15&t=60564

Joined yer local chapter of EA yet?
(Ebikers Anonymous - Where we're all miserable failures, but the parties are hilarious...)

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