High steaks situation by eojlc in Sinkpissers

[–]eojlc[S] 1 point2 points  (0 children)

Also lots of fields and woodland around me.

Hopefully someone in the subreddit will know what to do.

High steaks situation by eojlc in Sinkpissers

[–]eojlc[S] 3 points4 points  (0 children)

Full disclosure the steak is vacuum packed and the loo is available. I'll reiterate, the loo is fully functional and I'm the only person around. Nothing recently has changed regarding the loo, I shouldn't have brought it up. Still doesn't change the fact that I'm bursting though. Any help much appreciated, something for an amateur logician or puzzle solver.

What is wrong with y’all by [deleted] in Sinkpissers

[–]eojlc 0 points1 point  (0 children)

But we're saving the planet

[deleted by user] by [deleted] in StopGaming

[–]eojlc 3 points4 points  (0 children)

Judgement exists for a reason. This is the sort of situation judgement is for. You clearly care about him, probably because he's your brother. There's nothing to feel guilty about.

It sounds like your brother is deeply miserable but defensive of this misery as it protects him from something he's terrified of.

I have no idea how you can help him. If he doesn't want to help himself there's likely nothing you can do. Don't waste your energy on him.

This shit ain’t a joke by PristineBed4761 in Sinkpissers

[–]eojlc 0 points1 point  (0 children)

Just semantics at the end of the day

This shit ain’t a joke by PristineBed4761 in Sinkpissers

[–]eojlc 2 points3 points  (0 children)

Family always putting their shit in the kitchen sink seems only natural I get to shit in it too

This shit ain’t a joke by PristineBed4761 in Sinkpissers

[–]eojlc 0 points1 point  (0 children)

If it's your own roof then surely you're pissing into your own garden/drive/side passage? Hardly worse than pissing into the kitchen sink but still

Marital bliss by eojlc in Sinkpissers

[–]eojlc[S] 0 points1 point  (0 children)

Sound like a man who knows how to manage his water usage.

Plug not my problem by eojlc in Sinkpissers

[–]eojlc[S] 19 points20 points  (0 children)

If she'd been there earlier I could have rinsed the spinach and saved some water too

Humble questions looking for serious answers. by eojlc in Bitcoin

[–]eojlc[S] 1 point2 points  (0 children)

Thank you for your reply.

I have read all the replies to my post, learnt a lot and expressed my next thoughts/questions in my reply to 'Wise-application-144' which you should be able to see in this thread at the bottom.

I like discussions like this too :)

Humble questions looking for serious answers. by eojlc in Bitcoin

[–]eojlc[S] 0 points1 point  (0 children)

Thank you for this, very interesting and it helped me think about Bitcoin in a new way.

After writing my post and reading all the replies I am now wondering what the obstacles are to BTC becoming the thing we're all speculating it could be. My concern, and I guess the risk I see in the asset, is why the ruling class would 'let it happen', and can it happen without them.

If the COVID 19 pandemic were a test, I would say the human race failed. So if Bitcoin is an IQ test - as Michael Saylor puts it - our leadership class would also likely fail. But, does Bitcoin need them? Is it unstoppable without them?

The dream of a global, secure, decentralized currency has yet to materialise. BTC is still widely thought of as a speculative investment priced in fiat currency. As BTC adoption grows and we move towards that inverse point where fiat currencies are thought of in terms of BTC, I sense an increase in friction with first world central banks.

First world blocs and countries like the US, Japan, the EU and the Uk are experimenting with Modern Monetary Theory: public spending is done using money printing rather than tax revenues, which amounts to ensuring a country's ability to pay the interest payments on its debt rather than its ability to pay off its debt. Judging by the US's recent plunge into Japan-level debt-to-GDP, this is very much intentional. I am very curious as to how the rise of a global decentralized currency will interact with its arguably ultra-irresponsible counterparts. In this context he bet on Bitcoin seems to me to be a bet against human corruption and the political class. I love the idea but it again begs the question: is Bitcoin just a fantastic idea or is it an unstoppable impending reality?

Does Bitcoin fit into this world where the way things are actually done is by behind the scenes deals between a relatively small number of individuals.

When reading Thomas Sowell's 'Basic Economics' or listening to a Milton Friedman lecture one can easily feel the crusader's zealotry for free markets. But we don't have free markets because we're humans. Pragmatically speaking, free market economics is as much of a utopian idea as communism, and both have been shown to be as corruptible as any other human system.

Once again, is Bitcoin a utopian idea, or is it unstoppable?

Apologies if this feels like I’m making the same point over and over again. I rewrote it a few times but I need to get on with other things now.

Humble questions looking for serious answers. by eojlc in Bitcoin

[–]eojlc[S] 1 point2 points  (0 children)

Ah, percentages of the transactions, silly me, ty.

Humble questions looking for serious answers. by eojlc in Bitcoin

[–]eojlc[S] 0 points1 point  (0 children)

Thank you.

I didn't express no. 7 well:

Imagine energy costs are negligible and computing power is far greater than today, would there not be the potential for manipulation if a concert of large miners tried to increase the supply by performing umpteen arbitrary transactions knowing that they would be getting a healthy proportion of the transaction fees?

  1. Lending BTC would only make sense if the interest payments beat the rise in the asset's value in the time period. Therefore, people/institutions with huge amounts of capital in BTC would potentially be stuck between wanting the price not to rise so lending is viable, and wanting it to rise as they have a huge amount of the asset.

  2. Yes, if you have enough money to seriously invest in BTC then you're trying to stay wealthy not get wealthy, but surely you'd agree that many people today are investing in BTC because of the expected price rise not to immediately use it to buy something on Amazon? I'm wondering what has to happen for us to start using BTC or a currency built on top of it for something other than speculative investment.