Commentsgleepower (25)in cryptocurrency • 7 years agoRE: The MASSIVE Tether Ticking Time BOMB4I think you have it the wrong way round. If a Tether goes above $1 (say $1.05), Tether Ltd can make 5 cent by issuing a Tether and selling it for $1.05. It owes $1, but owns $1.05. Conversely, if…gleepower (25)in bitcoin • 7 years agoRE: 5 Reasons I Sold My Cryptosnvm they're different, apparently coinmarketcap says SBD trades $8 now though....gleepower (25)in bitcoin • 7 years agoRE: 5 Reasons I Sold My CryptosWow this was very interesting. Pardon my ignorance but is the STEEM listed on coinmarketcap the same as the STEEMDOLLAR? Also, I'm not sure if your familiar with bitUSD on bitshares, but is a…gleepower (25)in steemsilvergold • 7 years agoRE: Why Invest in Gold and Silver?Calling something "lefty pseudo-science" isn't an argument - they use logical reasoning and support it with empirical data. For sure, developing countries productivity growth is much higher. But…gleepower (25)in steemsilvergold • 7 years agoRE: Why Invest in Gold and Silver?What I mean is that only the government can borrow at the risk-free rate. Out of interest why do we need less of this? I think as a whole (although it's obviously not perfect), central bank policy…gleepower (25)in steemsilvergold • 7 years agoRE: Why Invest in Gold and Silver?Why do you think technological advancement is getting faster? Productivity growth is down in developed countries. The innovations you mention have less effect (or at least currently do) than things…gleepower (25)in steemsilvergold • 7 years agoRE: Why Invest in Gold and Silver?Negative interest rates are mad though, you would expect house price increases and massive stock price increases so that dividend yields, rents and interest rates are in line (adjusted for…gleepower (25)in steemsilvergold • 7 years agoRE: Why Invest in Gold and Silver?That's true - but many bonds and stocks have yields higher than inflation. I see no reason why gold prices will rise above inflation - it's use doesn't increase. Yes, there has been a slowdown in…gleepower (25)in cryptocurrency • 7 years agoRE: What gives Crypto value? A letter to potential investors.Fiat currency doesn't really have a set amount anymore. Millions of companies and governments have borrowed money and promised to exchange future goods and service in return. These debts are held by…gleepower (25)in steemsilvergold • 7 years agoRE: Why Invest in Gold and Silver?I think I might do a post on this but I still see no reason to invest in gold and silver - they generally go up with inflation. Conversely, money/bonds and stock generally have higher returns than…gleepower (25)in bitcoin • 7 years agoRE: What is Fractional Reserve Banking, and is it Fraud?Fractional-reserve banking operates much differently now a days. For a start, modern banks are much more restricted via capital requirements rather than liquidity requirements. As long as a bank is…gleepower (25)in mathematics • 7 years agoRE: The Mathematics of Fractional Reserve BankingThe balance sheet of the bank always has to balance - remember the bank lends to the same people it borrows from (as for every lender there is a borrower) so that's impossible. The more money the…gleepower (25)in mathematics • 7 years agoRE: The Mathematics of Fractional Reserve BankingThis is quite old fashioned, modern banks are much more constrained by capital requirements than liquidity ones. That's what caps lending. As long as it's solvent, a bank can just keep issuing…gleepower (25)in introduceyourself • 7 years agoRE: Introduce yourselfThank you!
Comments
RE: The MASSIVE Tether Ticking Time BOMB
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: 5 Reasons I Sold My Cryptos
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: 5 Reasons I Sold My Cryptos
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: Why Invest in Gold and Silver?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: Why Invest in Gold and Silver?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: Why Invest in Gold and Silver?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: Why Invest in Gold and Silver?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: Why Invest in Gold and Silver?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: What gives Crypto value? A letter to potential investors.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: Why Invest in Gold and Silver?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: What is Fractional Reserve Banking, and is it Fraud?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: The Mathematics of Fractional Reserve Banking
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: The Mathematics of Fractional Reserve Banking
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
RE: Introduce yourself
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit