Anonymous 2022-01-04 (Tue) 01:01:18 No. 672904
>>672899 Netflix is a subscription service isn't it?
Anonymous 2022-01-04 (Tue) 01:05:09 No. 672907
>>672904 Yeah, and it's reliable in the sense that planet fitness is reliable on the business end where you don't use it but don't rmember to unsubscribe
Anonymous 2022-01-04 (Tue) 01:16:14 No. 672917
>>668579 Yeah as far as the show goes I know they like to parody everything, but I wonder what their real political beliefs are now. I bet they're some kind of enlightened centrist or something now.
Anonymous 2022-01-06 (Thu) 15:14:05 No. 677834
Markets taking a poopy in expectation of Fed raising rates tomorrow. it will probably pump tomorrow regardless
Anonymous 2022-01-06 (Thu) 15:51:31 No. 677873
>>677834 >Markets are up 30% YoY <markets making a poopy! lmao this is barley a correction, anyways the fed won't wreck anything, just think about it, comtard:
>let inflation continue above normal, OR crash the economy come on, learn game theory
Anonymous 2022-01-06 (Thu) 16:02:29 No. 677900
>>677873 Okay just crash the economy default on the loa s and call bankruptcy then cash out from the trillions of debt to be reinversed. See game theory of capitalist piggies. My game theory is crash the fucking economy and have a reason why people revolted in the Great Depression and actually take over the government as a communist state and take no concessions from porky presidents.
Anonymous 2022-01-06 (Thu) 21:29:37 No. 678474
>>678465 You realize the central banking cartels that control fiat currencies
want bitcoin to be shut down.
Anonymous 2022-01-06 (Thu) 21:40:37 No. 678490
>>678485 Why do you hate bitcoin more than central banks?
I'm, err, doing research.
Anonymous 2022-01-06 (Thu) 21:43:00 No. 678492
>>678490 I won't shed any tears over porky infighting. Same as when Amazon destroys big box stores and big box stores destroyed small businesses.
Anonymous 2022-01-06 (Thu) 21:59:21 No. 678532
>>678492 >coz capitalism bad For some reason I thought you actually knew something about economics and monetary theory lol.
Anonymous 2022-01-06 (Thu) 22:00:18 No. 678534
>>678492 >tug of war between two capitalists >for some reason the socialists on the sidelines are excited, as if theyll win anything Lmao
Anonymous 2022-01-06 (Thu) 22:03:01 No. 678543
>>678534 >>tug of war between two capitalists This is literally how the bolshivek revolution happened
Anonymous 2022-01-06 (Thu) 22:06:26 No. 678549
>>678543 wrong, it was becaus the tsar's economy was weak from adopting free markets too slow, which made the people too poor to handle it, and even then the bolsheviks realized they needed some free markets too (but then their country fell apart anyways since socialism makes the government too bureacratic and slow to respond to a failing economy)
Anonymous 2022-01-06 (Thu) 22:08:34 No. 678552
>>678528 >It is the peak of inefficient use of the means of production in human history. I suppose you have no opinion at all about the $6.6 trillion
per day converted between various fiat currencies on forex. Or did the anti-bitcoin propaganda you consumed leave that out for some reason?
You can't store or transport electricity across large distances the way you can TCP/IP packets. So for remote parts of the world where electricity is cheap and underused, helping to secure and facility a hard digital money that can't be manipulated or censored by governments actually is the best use of resources.
Anonymous 2022-01-06 (Thu) 22:12:00 No. 678559
>>678528 >It is the peak of inefficient use of the means of production in human history. Yeah, banks are also good at inefficiency.
Are you by any chance angry that you can't afford your graphic card thanks to this?
Anonymous 2022-01-06 (Thu) 22:15:55 No. 678566
>>678549 >wrong Lenin was given resources and a free train ride to petrograd by the German empire of course everything else played s factor but a divided and desperate ruling class is only ever good for socialists.
Anonymous 2022-01-06 (Thu) 22:17:34 No. 678568
>>678534 >tug of war between two capitalists Except a centralized institution with a government enforced monopoly trying to plan the whole economy through manipulating interest rates is much closer to socialism than the other thing.
It's a shame you didn't admit it. Anonymous 2022-01-06 (Thu) 22:31:23 No. 678602
>>678572 >The world's fiat currency calculations can be done in real time on a lone specked out Compaq 386 from 1986 with no issues. Oddly specific are you referencing something? Anyway that's not true in principle because there are too many currencies with arbitrarily fluctuating prices with zero grounding in reality. A single centralized currency will always be more efficient than a single distributed currency. But in this case you are just ignorant of how pathetically inefficient FOREX is. As
>>678474 said the people who control the central banks also control the media which is why you (and the rest of the general public) have such a one sided view on this issue.
What's stopping you from using it?
Anonymous 2022-01-06 (Thu) 22:39:17 No. 678617
>>668579 I agree with the other anon, they are like actual centrists and not just neoliberals who call themselves centrists (As confusing as that sounds)
Anonymous 2022-01-06 (Thu) 22:42:46 No. 678621
>>678602 The 386dx with math co-processor has been used for much more complex market simulations in academia in the late 80s as that setup is overkill as they were made for real mathematics (like calculating aerodynamics) not the baby math in economics.
What you are ignoring is the massive material infrastructure that goes into crpyto just to support its dinky little market and if you scale it up you'd need a planet sized computer just to run the crypto calculations needed for Earth's daily transactions.
Anonymous 2022-01-06 (Thu) 23:03:37 No. 678652
>>678621 >you are ignoring is the massive material infrastructure that goes into crpyto just to support its dinky little market Why am I supposed to care about individuals buying hardware and electricity with money they earned themselves?
You've gone from it
is a waste of resources to
it will be a waste of resources. Which is not what the original argument was about.
I don't care about your retro computing autism. I asked you two specific questions you avoided
>The world's fiat currency calculations can be done in real time on a lone specked out Compaq 386 from 1986 with no issues. 1. Source?
>Glushkov calculated would be needed to plan a national economy scientifically free from the human errors that plague markets 2. If such an algorithm exists and works then why don't you use it?
Anonymous 2022-01-06 (Thu) 23:23:44 No. 678690
>>678652 Because you live in a society and no one is an island. Improper use of productive forces effects the quality of what is available to you on the market or even can cause you death in the case of the green house gasses that comes with that computational power that comes to run crypto algorithm.
>You've gone from it is a waste of resources to it will be a waste of resources. Which is not what the original argument was about. No I've stated Earth can't support the computational requirement of crypto if you scale it up to replace money.
>1. Source? The math behind currency price is just total transactions (who is buying/taking loans in US dollars and who is selling/repaying loans in US dollars). Far less then the math behind crypto that is artificially made harder for computer to calculate to make artificial scarcity of crypto coins.
>2. If such an algorithm exists and works then why don't you use it? The point of the algorithm is for a nation to properly plan its economy, meaning it is a tool of nation states.
Anonymous 2022-01-06 (Thu) 23:51:05 No. 678747
>>678690 >can cause you death in the case of the green house gasses that comes with that computational power that comes to run crypto algorithm. We already established that crypto uses negligible resources compared to forex. If you're really so worried about
global cooling global warming climate change whatever the fuck it's been rebranded as now, then bitcoin should be
way down on your list of priorities. It is a cheap non-argument.
Ok.
Yes except there are ~250 different currencies being traded. I understand now that you were just making a general point that doing a currency conversion is a trivial operation compared to brute forcing a hash. You just threw in the Compaq 386 from 1986 because you thought it sounded smart I guess.
That's not really correct. Bitcoins are scarce because they're scarce. The artificial difficulty is just to prevent a single actor controlling too much of the network. The difficulty scales depending on how many people take part and new coins are minted on a fixed schedule regardless.
No come on dude if you really have a magic algorithm that can effectively plan a real economy all you have to do is run it like a simulation and prove how superior central planning is. You can't because the algorithm either doesn't exist or doesn't work.
Anonymous 2022-01-07 (Fri) 00:04:21 No. 678768
>>678490 He doesn't, he's just a retard who hates crypto because it's associated with lolberts. So 80-90% of leftists as this point. Ritually shooting ourselves in the foot once again! hoorah!
Anonymous 2022-01-07 (Fri) 00:11:13 No. 678776
>>678747 Computers require electricity to run and to cool. This is why the PRC banned it because they calculated the nation of China was expending more money in lost opportunity costs in producing electricity for crypto.
>Yes except there are ~250 different currencies being trade As a nation why do you care about other currencies? All you care about is what your currency is worth to gold and silver and the flow of currencies in and out of your national economy.
>That's not really correct. Bitcoins are scarce because they're scarce. The artificial difficulty is just to prevent a single actor controlling too much of the network. The difficulty scales depending on how many people take part and new coins are minted on a fixed schedule regardless. That is artificial scarcity as that means computers can keep track of the transactions easier by definition if they didn't bother with difficulty scaling.
>No come on dude if you really have a magic algorithm that can effectively plan a real economy all you have to do is run it like a simulation and prove how superior central planning is. You can't because the algorithm either doesn't exist or doesn't work. What is the point being able to calculate how to effectively manage the productive forces of the national economy if you don't have the means to enact such plans?
Anonymous 2022-01-07 (Fri) 00:15:22 No. 678785
>>678490 >false dichotomy Your pyramid meme scheme will never threaten central banks because the government can outlaw them at anytime.
>BUT I'M SO SNEAKY EVEN IF THEY OUTLAW I WON'T GET CAUGHT! I hear there is a lot of money in money laundering, and drug dealing too. If you're so un-risk adverse to prison time you should broaden your horizons beyond crypto.
Anonymous 2022-01-07 (Fri) 00:21:03 No. 678794
>>678785 Can't governments also track what you buy on the blockchain anyways? I Mean anything about any sort of decentralization seems like a cope from the more blatant and honestly more noble desire to just not be a poorfag anymore.
Anonymous 2022-01-07 (Fri) 00:34:54 No. 678826
>>678776 >PRC banned it because they calculated the nation of China was expending more money in lost opportunity costs in producing electricity for crypto If that's true then you don't need to ban it, you just need to let the more efficient electricity users out bid them for electricity. The truth is China uses its central bank to manipulate its fiat currency same as everyone else and the existence of bitcoin fucks that up for them.
We're supposed to be talking about the inefficiency of forex converting between hundreds of different floating fiat currencies everyday and how all that wasted electricity causes many more global warmings than bitcoin (assuming you ever actually cared about that).
What century do you live in lol. Currency exchange rates are determined by supply and demand just like any other commodity. Governments can't peg it to anything real like gold because then they can't inflate. If you inflate a gold backed currency then people would rather take the gold. That's how you end up with French warships in New York harbor.
Because if you can prove it works in a simulation then a real government will adopt it and you will have the beginning of your new socialist utopia. Assuming it works of course
which is doesn't Anonymous 2022-01-07 (Fri) 00:53:07 No. 678861
>>678826 That itself causes lost opportunities as you are pricing producers of greater utility out of the market. So on one hand the PRC wants to put a ceiling on the price of electricity to encourage productivity and on the other doesn't want it to go to waste thus it tells crypto miners to take their business elsewhere.
That in reality uses the US dollar as if it was gold.
The Comeon nations based the value of its currencies on gold even as it created and destroyed digits in the bank accounts of firms.
>Because if you can prove it works in a simulation then a real government will adopt it and you will have the beginning of your new socialist utopia. Assuming it works of course which is doesn't The Comecon rebuilt without the fat checks from Washington DC proving planning works.
Anonymous 2022-01-07 (Fri) 01:08:39 No. 678887
>>678861 >That itself causes lost opportunities as you are pricing producers of greater utility out of the market. If they were greater utility then they would make money money. You
wanting them to be greater utility doesn't change reality.
Don't truncate the quote. Either answer the whole argument or don't bother.
It's not 1951 so wtf are you talking about?
Ok but east germany is still no where near west germany in economy, infrastructure, everything so what's you're point?
And what happened to your magic central planning AI that totally works you just never bothered trying it?
You've completely abandoned the discussion and just jumping around topics trying to score little points wherever you can now.
Anonymous 2022-01-07 (Fri) 01:34:59 No. 678939
>>678887 >If they were greater utility then they would make money money. You wanting them to be greater utility doesn't change reality. Even classical economists of the 19th century disagree with you. For example Fredrick List explained nations are doomed to be agrarian with the nation imposing its will on markets to industrialize and waging economic warfare on the nation's enemies.
>Don't truncate the quote. Either answer the whole argument or don't bother. You honestly think calculating the price of currencies is any near as much to that of crypto?
>Ok but east germany is still no where near west germany in economy, infrastructure, everything so what's you're point? The GDR economy for its starting point had more impressive growth then the FRG, The GDR able to build a semiconductor sector following in the footsteps of Japan from scratch with the west's only critique being like Japan half a decade prior it costed the GDR more to produce chips then get them on market but the GDR was in that sector was following the exact same trajectory as Japan just half a decade behind them.
Anonymous 2022-01-07 (Fri) 01:36:11 No. 678947
>>678939 >List explained nations are doomed to be agrarian with the nation imposing… with the nation without the nation
Anonymous 2022-01-07 (Fri) 02:27:40 No. 679031
>>678572 >The world's fiat currency calculations can be done in real time on a lone specked out Compaq 386 from 1986 with no issues Oh yeah, let me know when any random bank uses a tuna can as a server.
>>678572 So….?
>>678572 Seems good. Why any other country doesn't use Glushkov techniques?
Anonymous 2022-01-07 (Fri) 02:39:41 No. 679047
/biz/ is just fucking nightmare like imagine actually being a regular on there.
Anonymous 2022-01-07 (Fri) 02:42:32 No. 679048
>>678534 >my enemies kill each other >i'm not supposed to cheer from the sidelines bcuz nooo you can't just celebrate porkies getting shat on ;_; >>678532 Yes, capitalism bad.
Anonymous 2022-01-07 (Fri) 04:25:31 No. 679152
>>679047 /biz/ is actually a containment board for /g/. When all the crypto ponzi schemes took off they all started spamming their shit on /g/ the spam got so bad /biz/ was created.
sage 2022-01-07 (Fri) 09:45:59 No. 679481
>>679047 i lost my mind there for a few months a while ago, when the shilling was half as bad as it is now. made money though lol - stinky linkies
Anonymous 2022-01-07 (Fri) 10:26:59 No. 679518
>>678490 keep coping, cryptofag
Anonymous 2022-01-10 (Mon) 11:09:30 No. 685015
>>509745 The floor is made of dead maxis, their wallets forever inaccessible, even in death they hodl.
Now, Nao you see.
Anonymous 2022-01-10 (Mon) 14:47:13 No. 685203
>tfw stonk markets have only grown 22% in the last year
Anonymous 2022-01-10 (Mon) 15:05:23 No. 685222
>>678490 Why should I hate central banks btw?
More than any other bank, I mean.
Anonymous 2022-01-11 (Tue) 15:00:17 No. 686810
>federal reserve will slow asset purchases bc the economy is already recovering and were getting over covid >stonks have rallied this week
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