uqaz
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May 05, 2016, 05:33:43 PM
Last edit: May 05, 2016, 06:14:48 PM by uqaz |
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Shadowstats, http://www.shadowstats.com/alternate_data , uses the original formulas to calculate CPI and other figures before they were changed in the 1990s to make things look better. The US has actually been in continuous recession for a long time, but it has been masked by a massive increase in money supply which has been used to prop up the stock, bond, and real estate markets with negative real interest rates (interest - actual inflation = negative interest of around -4%). Anyone who buys food and other items in the US sees this. Food prices are up 50-100% over the last 10 years. Package weights have steadily decreased since 2008. As an example, I have seen Ritz crackers go from 16 oz. to 13.2 oz over the last fiver years. When I first noticed the Ritz have 2 different box sizes with 16 and 15.1 oz, I asked the checkout clerk about it, he said a lot of products were downsizing. I last saw this in the mid 70s - especially candy bars. Airlines mask inflation by reducing leg room to add seats and charge fees for luggage, food, much more for alcohol, and 'fuel' surcharges. A lot more of the inflation has been exported from the US to other countries with export economies, which continue to devalue their currencies to match the devaluation of the dollar to remain competitive. The so-called experts from academia all drink the Keynesian Koolaid since they will not keep their jobs otherwise. Paul Krugman is an idiot. Monetarism and Keynesianism are just two sides of the same silver plated copper coin since money supply is increased by creating government debt. I did hear a very good point, though, at a recent Ethereum meetup regarding money from Steve Waldman's talk, http://www.meetup.com/EthereumSiliconValley/events/228772099/ . His observation is that what gives money value is it purchases human behavior. I didn't agree with his dismissal of gold as an obsolete form of money, but I also don't see gold has having an intrinsic value beyond the belief people have in it to store value - it just has a much, much longer history than fiat or crypto of being universally accepted, the supply of physical metal can't be arbitrarily created like fiat, and it doesn't rely on modern technology to be usable, like crypto. The dollar as a reserve currency is propped up by it being required to buy oil. Oil producing countries which start to accept currencies other than USD end up with regime changes. Russia is too big for this, so instead they get drawn into a conflict in the Ukraine and the oil markets are manipulated to crash the price of oil. The dollar is on the decline as the single global reserve currency as the BRICS countries and Asian countries continue to develop alternatives to SWIFT, BIS, and the IMF. It seemed like the dollar was the stern of the Titanic popping up out of the water, with the Euro at the bow, before the whole thing goes under (physical gold and silver are the lifeboats), but now it is more like they're flooding all the compartments with currency devaluations so it all sinks on an even keel in a race to the bottom. The negative interest rates are really hilarious. I can imagine the 'experts' writing more numerical fiction, trying to plug negative numbers into their log functions as they attempt to model an economy with negative interest rates. |
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Scott J
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Activity: 1792
Merit: 1000
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May 05, 2016, 05:46:47 PM |
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Will Lisk be tradeable on exchanges day 1 of launch?
I imagine so, though depends on the exchanges. |
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cannabanana
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May 05, 2016, 05:49:57 PM |
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Will Lisk be tradeable on exchanges day 1 of launch?
I imagine so, though depends on the exchanges. The only confirmed is CCEX but i'm sure Bittrex will add it quickly. |
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Mrmoney2
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May 05, 2016, 06:00:23 PM |
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If nobody sell cheaper than $10 this would be it's value.
We should not set cheaper orders IMO
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iambitcoin5
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May 05, 2016, 06:36:26 PM |
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If nobody sell cheaper than $10 this would be it's value.
We should not set cheaper orders IMO
I'm thinking most peoples sell orders won't be below $2 at launch. Only a very small percentage will sell in the cents trying to make a tiny profit. Let the weak hands dump into huge buy orders thus still raising the price because we want to buy cheap Lisk. I refuse to sell under $2-5. |
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BitPotus
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May 05, 2016, 06:51:30 PM |
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stop dreaming, there will always be someone who will dump.............
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vlom
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Activity: 1498
Merit: 1117
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May 05, 2016, 06:51:41 PM |
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If nobody sell cheaper than $10 this would be it's value.
We should not set cheaper orders IMO
the value of lisk after launch will be zero. because you can't do anything useful with this coin. you won't be able to use it as a currency. and how will offer something useful that has to be payed with lisk? |
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cannabanana
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May 05, 2016, 07:00:51 PM |
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If nobody sell cheaper than $10 this would be it's value.
We should not set cheaper orders IMO
the value of lisk after launch will be zero. because you can't do anything useful with this coin. you won't be able to use it as a currency. and how will offer something useful that has to be payed with lisk? Ok, so Eth is not a good currency so in your same argument ETH is also worth 0? TBH you really can't do anything useful with Ethereum right now either. |
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Mrmoney2
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May 05, 2016, 07:11:42 PM |
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If nobody sell cheaper than $10 this would be it's value.
We should not set cheaper orders IMO
the value of lisk after launch will be zero. because you can't do anything useful with this coin. you won't be able to use it as a currency. and how will offer something useful that has to be payed with lisk? Then the value of gold is shit, value of diamonds is shit. Value of art is shit, value of life is shit so u also worth a shit. Regards |
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vlom
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Activity: 1498
Merit: 1117
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May 05, 2016, 07:19:06 PM |
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If nobody sell cheaper than $10 this would be it's value.
We should not set cheaper orders IMO
the value of lisk after launch will be zero. because you can't do anything useful with this coin. you won't be able to use it as a currency. and how will offer something useful that has to be payed with lisk? Then the value of gold is shit, value of diamonds is shit. Value of art is shit, value of life is shit so u also worth a shit. Regards Then the value of gold is shit, value of diamonds is shit no, both can be used for things and they are scarce. thats why they have a value. Value of art is shit, value of life is shit so u also worth a shit. if you think that your post is something like art. yes, then art is shit. shit? shit is useful. you can use it to help plants grow. |
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lockepi
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May 05, 2016, 07:20:31 PM |
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If nobody sell cheaper than $10 this would be it's value.
We should not set cheaper orders IMO
the value of lisk after launch will be zero. because you can't do anything useful with this coin. you won't be able to use it as a currency. and how will offer something useful that has to be payed with lisk? Then the value of gold is shit, value of diamonds is shit. Value of art is shit, value of life is shit so u also worth a shit. Regards Then the value of gold is shit, value of diamonds is shit no, both can be used for things and they are scarce. thats why they have a value. Value of art is shit, value of life is shit so u also worth a shit. if you think that your post is something like art. yes, then art is shit. shit? shit is useful. you can use it to help plants grow. funny |
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p75formula
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May 05, 2016, 07:28:44 PM |
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no, both can be used for things and they are scarce. thats why they have a value.
Gold has very little use aside from jewelry. It can be and is used in electronics but does not provide significant enough advantages there to explain it's value. In most cases when you pay extra to buy some "Gold Edition" cable or however they market it, you are getting duped. Any advantages, if they exist at all, are not significant enough to matter. It is horded more than utilized so Gold's value is just what you'll pay for it like anything else. |
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bticgoinsuxial
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May 05, 2016, 07:46:54 PM |
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Will Lisk be tradeable on exchanges day 1 of launch?
I imagine so, though depends on the exchanges. The only confirmed is CCEX but i'm sure Bittrex will add it quickly. And also those exchanges that are trading Lisk IOU will be trading (real) Lisk on day 1 |
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vlom
Legendary
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Activity: 1498
Merit: 1117
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May 05, 2016, 07:54:22 PM |
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Will Lisk be tradeable on exchanges day 1 of launch?
I imagine so, though depends on the exchanges. The only confirmed is CCEX but i'm sure Bittrex will add it quickly. And also those exchanges that are trading Lisk IOU will be trading (real) Lisk on day 1 i hope they will. otherwise anybody how bought something e.g. on yobit never will get real lisk. |
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redsn0w
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Activity: 1778
Merit: 1043
#Free market
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May 05, 2016, 08:01:13 PM |
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I am not going to invest a single penny in Lisk and ya'll can't stop me   All in DAO, right ? Oh no... maybe waves. |
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cannabanana
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May 05, 2016, 08:03:27 PM |
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I am not going to invest a single penny in Lisk and ya'll can't stop me All in DAO, right ? Oh no... maybe waves. can't spend a penny. He'll spend at least $2 per. No pennies allowed anyways. |
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iambitcoin5
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May 05, 2016, 08:10:29 PM |
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Speaking of DAO did anyone here invest btc into it yet?
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b1007
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May 05, 2016, 08:27:13 PM |
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I am not going to invest a single penny in Lisk and ya'll can't stop me All in DAO, right ? Oh no... maybe waves. can't spend a penny. He'll spend at least $2 per. No pennies allowed anyways. Well I hope for you guys it will work out and Lisk becomes a good competitor for Ethereum. Don't know whether to put btc on DAO or Waves... |
I like to speculate
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iambitcoin5
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May 05, 2016, 08:50:26 PM |
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I am not going to invest a single penny in Lisk and ya'll can't stop me All in DAO, right ? Oh no... maybe waves. can't spend a penny. He'll spend at least $2 per. No pennies allowed anyways. Well I hope for you guys it will work out and Lisk becomes a good competitor for Ethereum. Don't know whether to put btc on DAO or Waves... I say do both. I also invested in Waves and plan on investing in DAO too. Lisk, Waves, and DAO are pretty solid to me. I wish everyone luck on their choice of investment and hope we all become rich from all of these ICO's coming out.  |
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p75formula
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May 05, 2016, 08:54:21 PM |
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I say do both. I also invested in Waves and plan on investing in DAO too. Lisk, Waves, and DAO are pretty solid to me. I wish everyone luck on their choice of investment and hope we all become rich from all of these ICO's coming out. I prefer to be more selective and stayed out of WAVES because it looked too opportunistic. Nevertheless, I agree with your sentiment. Way too many people trying to torpedo other projects and getting their panties in a bunch because they invested in one and not the other. Take your best shot and let's be cordial as we try to take each other's money.  |
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