No, you are not able to keep up. Concentrate. Come on, I know you can do it. I don't give two s**** for your stupid cryptocurrency. I have a digital currency, actually several, and I could care less that it's digital. Everything on this freaking planet, is digital, and has been for about 40 years. And why don't I care about Bitcoin or Litecoin or S***coin or any other coin? Why? Because there are about a thousand layers of counterparty risk mitigation. Which means, ironic given the original post oh, I'm not opening up my computer at least once, oh every month or two, and reading that the digital database of my US Dollars has been destroyed, and I don't have them anymore. Why? For the aforementioned layers of counterparty risk mitigation. And it is not volatile. Of all the places I have my money, I need something as a stabilizing factor for a non-corrlative effect to the rest of the Myriad places that I have my assets that is widely used and easily exchangeable. The US dollar drops by 50 basis points on an index and every numbnut from here to Timbuktu is talking about a currency collapse and how the currency is unsustainable. Boobcoin drops by 300% ... and all I hear is HODL! HODL!! It will turn around guys, it will turn around, it's the future! Listen, you crypto folks have a market that you're trying to sell to the rest of the world. Those are the objections that I and every other sane person have. And you're not really doing too good of a job of selling this thing, as we are not hitting the bid
@raVar LOL. Triggered? Send your essay response to the Fed. Maybe Powell can use it to wipe his ass. Let's see, you failed to 1)refute whose database a public blockchain runs on. Probably because 2)you do not know or are too stupid to even figure out how a decentralized blockchain works. It's ok just pour some cold water on your head. We know you can't process more than which diaper brand you should wear for the day.
LOL Phew. Wow. That kid is a trip. A 35 second read is now a "Research Paper". Nah, there's not an Attention / Focus problem in the world .... Blows my mind. People talk of removing Auditors. As if that is a good thing. Eee-gads. So glad to see the world firmly learned the lessons of 2008 ...
0) Crypto currency is too cryptic to make it tangible for every day use 1) too complex and complicated for serving a simple practical use. therefore the issue of trust. 2) I think no Fed chairman in the world would want to limit his money supply (he wouldn't want to be labeled as a failure). 3) The U.S. Constitution gives the power to print money to the legislative branch of the federal government or Congress
As far as I'm concerned? When you understand LIBOR, and exactly what happened there? There was no "scandal". There wasn't even the slightest amount of oversight, and the inevitable happened. And the concept of replacing LIBOR instruments with SOFR, EONIA, TIBOR etc, and the other alphabet soup of instruments? Is beyond stupid. All they had to do with the keystone of the Financial world (LIBOR) ... is simply make STUPID simple direction that non-dealing Banks would agree each night, on the rate. Non-Dealing. That simple. Instead, they decided to move the keystone of the entire financial world. "Scandal"? Hardly. Ineptitude, stupidity and then bureaucratic nonsense? Absolutely. And as far as what happened with LIBOR, and Bitcoin? I don't know ... Bitcoin looses a few hundred every other month it seems to outright theft, and everyone's standardization of deviations just accepts that as "normal". LIBOR rate gets skewed by a couple of idiots with no oversight? OH NO! SCANDAL! MOVE THE ENTIRE FINANCIAL SYSTEM FOR NO REASON! Similar to the Dollar falling by 40 BPS, and everyone starts talking about Currency Collapse. Bitcoin drops by -60%, and that's just "normal volatility". LIBOR gets skewed as it didn't have proper oversight. Everyone loses their minds. Bitcoin literally FLAUNTS AND ADVERTISES no oversight. Sure, what could go wrong. Maybe the news in the OP? Humans. Sheesh. /flame attacks may now begin ...
@raVar Wow gramps take your meds? Are you angry because the good looking male nurse didn't change your diaper yet?