Bitcoins, in private wallets, on the network, are increased through mining. Of course. But within an exchange, how many database representations of BTC is in that exchange may or may not have a corresponding reality with how many BTC the underlying exchange actually holds.
I’ve got a number but there’s zero econ talk on any of them. It’s just not a great medium for that. I used to do blogspot. Here’s an example of where I prophesied brexit in 2012: http://kristopolous.blogspot.com/2012/11/the-frightening-importance-of.html
Thanks Bob. I’ve been listening probably every week since 2008 and in between have listened to quite possibly all the archive shows before (although I wasn’t terribly rigorous). I’ve read two of his books as well.
I really appreciate how he thoughtfully expresses ideas that I usually find disconnected from reality and how he…
So no incentive to respond to a disaster exist other than greed and selfishness?
You’ve omitted charity, altruism, empathy, fraternity, compassion, saving, social contract, happiness, satisfaction…
The classical economic framework work only on a single axis of desire, an axiom of choice that operate…
What a brilliant insight! I wonder how true the “all” is and whether some more nuanced information can be derived indirectly from it.
For instance, there are more accepting sects of religions that are pretty open to other ideas. Does this characteristic correlate with other properties?
Don’t forget the food price crisis.
The FAO food price index hitting a record high in early 2011 exactly when the Arab Spring happened is likely a bellwether of future trends as we can expect further unpredictability due to climate instability.
So what’s the answer to the question? I’m looking for cognitive consistency here. If you think you can decide how to label another person, then you think you can decide how to label another person. It’s really straight forward.