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Bitcoin and deflation

2022.01.19 00:48 Perfect-Vaccum Bitcoin and deflation

Review
“The Price of Tomorrow
Why Deflation Is the Key to an Abundant Future“
By Jeff Booth
Publisher, Stanley Press, 2020.
Amazon's bestseller in the following categories: entrepreneurship, capitalism, economy, inflation.
Author is Canadian entrepreneur, founder, shareholder, member of management and supervisory boards of the number of companies, start-ups and business incubators to mention just a few: BuildDirect, AddyInvest, NocNoc, Synthiam, OitoLabs, CubicFarms, Terramera, LlamaZOO, Creative Destruction Lab. The common feature of all these enterprises is, as the author himself emphasizes, the change in the paradigm of the company's development from the scale effect (i.e. grow due to the increase of the capital involved because who does not grow, ultimately falls) to the network effect so to speak, i.e. each new participant who joins a project, (e.g. a crowdfunding investment fund or an e-commerce platform) adds value for all participants.
The two-hundred-page narrative, unnecessarily interwoven with personal tales, first attempts to present the obvious and basically banal thesis that the development of economies, due to technological progress and continuous increase in the productivity (more for less so to speak), is inherently deflationary and inflation is the force that opposes this natural course of things, used by the elites to defend themselves against loss of their social position and to preserve status quo. As a result of the clash of these two elements social inequalities continue to rise and ultimately plutocracy becomes the sole beneficiary of the inflationary redistribution of the wealth. Author concludes that ultimately due to the exponential increase in the productivity governments and central banks will not be able to continue to print enough money to compensate for deflationary pressures while still maintaining its function as medium of exchange, and sooner or later there will come a deflationary armageddon that will sweep away all indebted businesses and governments. Only the "righteous" who prudently have stocked up on bitcoin, in which cryptocurrency the author also systematically "invests", will rescue their fortunes.
In the opinion of the reviewer the book tackles the subject very superficially and the theses have not been sufficiently substantiated.
There is no doubt that the 5000-year economic history record as we know it is inherently deflationary with relatively few inflationary episodes. This is due to the early adoption of the gold and silver as monies and technological inventions. It is only with the 1971 termination of the Bretton Woods Treaty by the United States that the era of the fiat money began, with all its tragic and unjust consequences, including uncontrolled money printing on a scale previously experienced only under war conditions. Although neither the author nor the reviewer have known any other times in the historical perspective it is a very short period. However, the author did not show that the increase in goods caused by the benefits of the developing technologies is exponential but not for example polynomial. According to him the exponential nature of progress is due to the four factors: the network effect (example story about how Netflix won the competition with Blockbuster), artificial intelligence, quantum computing and free of charge energy. This is not enough to justify the argument. The network effect may have only a limited impact on the entire economy, except for the segments where network approach suits particularly well (e.g. VoD, crowdfunding, etc.). Artificial intelligence despite undoubted progress (DeepMind | AlphaGo Zero) is still in its infancy and is helpless when solving contextual tasks, and none of the bots have passed the Turing test so far. The machine translation except of the trivial tasks always requires human correction otherwise delivers ridiculous results. Intelligence is not a computable phenomenon that can be programmed. Quantum computers, if they mature, by their very nature exploit probabilistic algorithms and cannot be universally applied. Yes, the entire public key infrastructure will prove to be flawed, including the blockchain protocol, bitcoin, cryptocurrencies and hashgraph. In turn so to speak free of charge green energy cannot function without state subsidies so far, and therefore requires printing money out of thin air for this "noble" goal.
It is also worth pointing out that deflationary armageddon, although most desirable in the opinion of the reviewer, may look completely different than the author envisions. There will be no final judgment and no conflagration. Indebted businesses will simply go bankrupt but capital goods: factories, software, employees, intellectual and legal assets will still remain. After perhaps a little bit troublesome transition period they will only change owners and the previous ones could even be employed by them, this time as employees. Of course, parasitic entities e.g. banks operating in the framework of the fractional reserve would be automatically eliminated from the economy, and the world would return to the healthy normality in which it lasted with a short break for fiduciary excesses at least 5000 years. There are no reasons whatsoever that the economy cannot operate in deflationary conditions - this is perfectly explained by the Austrian school of economics in so simple terms that even child can understand. There will be only an exchange of elites and therefore they strive to defend themselves by all means also inflating the monetary balloon. Since hyperinflation may lead to the identical effect the elites need to limit their appetites by defining the so-called "inflation target". At this point author should be credited that he bluntly calls a spade a spade, claiming that inflation is an audacious theft and that the difference between hyperinflation and the "inflation target" lies solely in the size of the illegally seized goods.
As for bitcoin itself, at the moment it is not the money because the value of money results from its previous value as a commodity that was spontaneously accepted as a medium of exchange, e.g. gold. Fiat money still possess value only because it was convertible into gold until 1971. Both bitcoin and other cryptocurrencies have all the attributes of Ponzi scheme just like "tulip mania" in the Netherlands in the 17th century. They are bought expensive to sell them even more expensive to the next persons and so on according to the strategy of the greater fool so to speak. Finally, it is asked whether the author really believes in his propaganda and in the anticipation of the financial end of the universe has already paid off his own debts, and how does he reconcile his unwavering faith in bitcoin with the forecast for the arrival, with the exponential acceleration, of all kinds of goods to our huts, including quantum computers?
© Perfect Vaccum
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2022.01.19 00:48 Countermizzet Crazy Diamonds demonic heartbreak chapter 2

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2022.01.19 00:48 SixteenTimesTheTodd Praise Todd Howard

Praise The Legendary Game Developer Todd Howard
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2022.01.19 00:48 RiverPlate88 Error unknown (503) when loading Guardian Tales

If it wasnt for the usual loading problem when trying to run GT, now we have 2 more errors to pass by which i couldnt at the moment. Error 503 which appears after the 2 first loading texts, and another one that doesnt find the connection. Its now impossible to play this game in bluestacks, N32
https://preview.redd.it/e1kt9zcngkc81.png?width=1600&format=png&auto=webp&s=2938193439a7f4b6325403c7bf5f40633eb3a9de
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2022.01.19 00:48 postmastern Европа встала на пороге твиндемии: Твиндемия — всплеск заболеваемости Covid-19 на фоне роста числа пациентов, зараженных вирусом гриппа, который на некоторое время исчез из нашего поля зрения в 2020-2021 годах.

Европа встала на пороге твиндемии: Твиндемия — всплеск заболеваемости Covid-19 на фоне роста числа пациентов, зараженных вирусом гриппа, который на некоторое время исчез из нашего поля зрения в 2020-2021 годах. Европа, которую в последние месяцы накрыла очередная волна коронавируса, вызванная на этот раз омикрон-штаммом, теперь оказалась на пороге «твиндемии» — одновременного подъема заболеваемости Covid-19 и роста случаев заражения гриппом. Как отмечает Reuters, ситуация вызывает беспокойство у представителей сферы здравоохранения из-за риска перегрузки инфраструктуры.
Прохожие в cаду Тюильри в Париже, 5 января 2022 года / © Reuters, Gonzalo Fuentes, File Photo
В 2020-2021-х из-за строгих ограничений — локдаунов, запретов на поездки, повсеместного ношения масок, мер социального дистанцирования — европейские страны (и не только) на некоторое время победили грипп, от которого, по подсчетам специалистов, ежегодно умирали около 650 тысяч человек в мире. В преддверии нового года он начал возвращаться, и это связывают с ослаблением ограничительных мер на фоне высоких темпов вакцинации от Covid-19. Согласно данным Европейского центра профилактики и контроля заболеваний (ECDC), в минувшем декабре число пациентов с гриппом в отделениях интенсивной терапии в Европе резко подскочило: за последнюю неделю 2021-го зафиксировали не менее 43 случаев, в то время как в тот же период 2020-го был лишь один подобный случай.
«Число случаев гриппа, выявленных в Европейском регионе ВОЗ, выше, чем мы обычно ожидаем среди населения, вторую неделю подряд. Это указывает на начало так называемой эпидемии сезонного гриппа», — заявили во Всемирной организации здравоохранения. Конечно, показатели заболеваемости пока намного ниже допандемического уровня: для сравнения, за аналогичный период 2018 года число людей, еженедельно попадающих с гриппом в отделения интенсивной терапии, превышало 400.
Однако медиков беспокоит тот факт, что доминирующим штаммом, который циркулирует в популяции, остается H3 вируса гриппа А — он особенно опасен для пожилых. Исследователи допускают, что доступные сегодня вакцины «не будут оптимальными» против H3, ведь их состав определяли в момент, когда вирус практически не циркулировал. В итоге производителям было сложно спрогнозировать, какой вариант гриппа станет самым распространенным.
По мнению главного эксперта ECDC по гриппу Паси Пенттинен, возвращение старой проблемы может открыть продолжительный сезон гриппа — и Европа не справится с вирусом до лета. В итоге твиндемия окажет давление на системы здравоохранения, которые и без этого перегружены. С эпидемией гриппа уже столкнулась Франция: в этом сезоне там зарегистрировали 72 тяжелых случая, шесть больных умерли.
Но твиндемия угрожает не только ЕС. Так, если в прошлом году заболеваемость гриппом в Соединенных Штатов достигла рекордно низкого уровня — на фоне множества больных Covid-19, — то теперь число случаев гриппа растет, да и омикрон-штамм коронавируса не отступает.
В Израиле за сезон гриппа 2020 года не зафиксировали ни одного случая, а с сентября по декабрь 2021-го уже 208 человек были госпитализированы с ним в больницы. Это примерно в два раза больше, чем за аналогичный период 2019-го. Есть и один пациент с флуроном — то есть он заражен сразу и SARS-CoV-2, и гриппом.
Что касается России, то, по данным Роспотребнадзора, подъем заболеваемости гриппом и ОРВИ наблюдают среди граждан всех возрастов. Эпидемические пороги превышены в 46 регионах страны, в то время как привились более 68,5 миллиона человек (46,9 процента населения).
Источник: NakedScience
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2022.01.19 00:48 peliculin Un retrato urgente de la última generación viva del Tercer Reich de Hitler en entrevistas nunca antes vistas que plantean preguntas vitales sobre la autoridad, la conformidad, la identidad nacional y sus propios roles en los mayores crímenes humanos de la historia.

Un retrato urgente de la última generación viva del Tercer Reich de Hitler en entrevistas nunca antes vistas que plantean preguntas vitales sobre la autoridad, la conformidad, la identidad nacional y sus propios roles en los mayores crímenes humanos de la historia. submitted by peliculin to pelis28 [link] [comments]


2022.01.19 00:48 vale-1028 BIO358

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2022.01.19 00:48 Yugoo90 Command 'code' not found.

When I try to open vs code on terminal, I get the following error below.
Command 'code' not found, did you mean:

command 'tcode' from deb emboss (6.6.0+dfsg-7ubuntu2)
command 'ode' from deb plotutils (2.6-10build1)
command 'cde' from deb cde (0.1+git9-g551e54d-1.1build1)
command 'cdde' from deb cdde (0.3.1-1build1)
command 'node' from deb nodejs (10.19.0~dfsg-3ubuntu1)

Try: sudo apt install
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2022.01.19 00:48 the_hose2000 Porsha from “Sing 2”

Porsha from Sing 2
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2022.01.19 00:48 queremele Newegg shuffle is real, I'm so happy right now. Just keep trying!

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2022.01.19 00:48 CPhibbs14 Jim Croce inspired Tattoo

Hey everyone! I’ve been thinking about getting a tattoo to sort of pay tribute to Jim. His music has been a really big part of my life and helped me with some of my lowest points in the last couple of years. Thing is, I’ve really struggled to come up with an idea. I’d prefer to have it be an image as opposed to written words/lyrics. If any of you have any ideas I’d really love to hear them! Thanks!
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2022.01.19 00:48 peliculin Un retrato urgente de la última generación viva del Tercer Reich de Hitler en entrevistas nunca antes vistas que plantean preguntas vitales sobre la autoridad, la conformidad, la identidad nacional y sus propios roles en los mayores crímenes humanos de la historia.

Un retrato urgente de la última generación viva del Tercer Reich de Hitler en entrevistas nunca antes vistas que plantean preguntas vitales sobre la autoridad, la conformidad, la identidad nacional y sus propios roles en los mayores crímenes humanos de la historia. submitted by peliculin to pelis28 [link] [comments]


2022.01.19 00:48 mfourrrrr Black Screen After Ram Upgrade

I wanted to upgrade my laptop to 16gb of RAM so I ordered another 8gb stick. When I put it in and turned on the laptop the screen was just black, keyboard lighting was on, fans were spinning. So after that I took out the ram stick and just left the stock one in there an it turned on as normal. I'd be very happy if someone helped me figure out what is wrong with it.
Laptop: MSI GF65 THIN 10SDR
Memory: https://www.amazon.com/TEAMGROUP-PC4-21300-Unbuffered-Notebook-Computedp/B07PVW253T/ref=sr_1_2?crid=13Y6FXG9TLRSR&keywords=teamgroup%2Blaptop%2Bram&qid=1642562884&sprefix=teamgroup%2Blaptop%2Caps%2C118&sr=8-2&th=1
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2022.01.19 00:48 LogicChimera 6 Player Matchmade Public Events are Out of Control

I remember how revolutionary Menagerie was back in season of opulence, it was a really cool and fun activity, but all these copycats are getting out of control.
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It’s fine that some of these exist in the game but It’s disappointing that it replaces potentially engaging content almost every season.
Battlegrounds proves that Bungie is capable of making fun and engaging content and I hope they grow out of this phase of reskinning the same brain-dead content over and over.
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2022.01.19 00:48 Camkode Skiing among the Ponderosa Pines. Dixie National Forest, Southern Utah, USA.

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2022.01.19 00:48 YZYBDDHSZN (oc) Timeline of AFL Premierships won by interstate clubs

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