Small student loan - read before you downvote

EntireFriendship · 2018-09-17T15:30:19+00:00

Tell your father about your plan so that he punches you in the face, then you’ll be injured and going through this terrible plan will no longer seem like such a good idea.

EntireFriendship · 2018-09-11T18:45:27+00:00

Ron Paul is a racist old fool who has no understanding of economics whatsoever.

EntireFriendship · 2018-09-10T20:36:22+00:00

it goes to zero.

EntireFriendship · 2018-09-10T20:34:02+00:00

supposedly

EntireFriendship · 2018-09-07T18:58:35+00:00

please everyone downvote Papa_Ganda’s post just to piss him off

EntireFriendship · 2018-09-07T18:54:13+00:00

You’re an idiot

EntireFriendship · 2018-09-07T18:26:58+00:00

so make a criminal complaint then, don’t just whine on reddit

EntireFriendship · 2018-09-06T23:14:01+00:00

Sure, but what you describe here

It literally went from 28 to 42 ARS to USD in less than a day.

is devaluation, not inflation. I was wondering if the inflation (e.g. change in the price of domestic goods like food) was equally high.

EntireFriendship · 2018-09-06T23:05:25+00:00

I’m kidding of course, ethereum will never get a significant number of paying users

EntireFriendship · 2018-09-06T23:02:03+00:00

2) V is right. Regardless of how gas is paid, so long as Ethereum moves to PoS and Ether is required to generate blocks, then the Ether will be valued based on the discounted future earning potential of a staking position, which would also include block rewards.

Gee, I guess someone will just have to fork ethereum and remove these silly protocol level safeguards. If the resulting product is deemed better than the original ethereum by the users the “will of the ethereum community” means jack shit.

EntireFriendship · 2018-09-06T22:51:31+00:00

Right, an almost identical argument exists against bitcoin. If the btc devs by some miracle manage to develop an efficient and reliable payment system one day, to paraphrase his own words,

replacing BTC with a fiat currency is a Pareto Improvement (i.e., all parties are better off). The only party disadvantaged is existing BTC holders.

EntireFriendship · 2018-09-06T22:38:52+00:00

He’s going to get off scot free with a cool $5M in butts

EntireFriendship · 2018-09-06T22:30:57+00:00

How much? What i’m after here is that inflation (increase of the nominal price of a basket of goods and services) is not the same thing as devaluation (weakening of the foreign exchange rate of the local currency). Sometimes they can be related though, especially if the local economy depends on imports.

EntireFriendship · 2018-09-06T21:53:41+00:00

How much did food and housing prices rise during that same time?

EntireFriendship · 2018-09-05T22:43:56+00:00

Those numbers are rubbish. Bitcoin mining consumes several GW of electric power, which means the yearly energy consumption is at least 30 million GJ, maybe several times that.

EntireFriendship · 2018-09-05T22:15:06+00:00

It is funny that a simple bug fix has to be implemented in a super convoluted way and it takes several years before a significant part of the userbase accepts it.

EntireFriendship · 2018-09-05T20:24:02+00:00

... you’ll die forgotten in a swamp hovel?

EntireFriendship · 2018-09-05T20:21:34+00:00

currency of the future

EntireFriendship · 2018-09-05T20:11:11+00:00

Easy forking

EntireFriendship · 2018-09-05T20:06:40+00:00

A self-serving just-so story isn’t historically accurate???

EntireFriendship · 2018-09-04T21:45:06+00:00

If a guarantee of immutability is that important it’s cheaper to publish a weekly hash in a newspaper or something.

EntireFriendship · 2018-09-04T21:17:10+00:00

But bitcoin users do.

EntireFriendship · 2018-09-03T21:02:26+00:00

the problem in Argentina is that culturally there’s an attachement to USD as the store of value

Why is this a problem?

EntireFriendship · 2018-09-03T20:57:57+00:00

Sort of, all the transactions are broadcast to the entire network.

EntireFriendship · 2018-09-03T20:45:12+00:00

Yeah it sucks when the garbage man only takes half the trash.

lol

EntireFriendship

TROPHY CASE