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Storing dead people at -196°C

noims says...

I don't get the big deal. People ask for stupid things to be done to their remains, including things that they think will give the everlasting life (albeit in heaven). This is more wasteful per corpse and I hope the practice doesn't get popular for that reason, but I'd say the waste pales in comparison to something like bitcoin mining.

I found the video itself interesting enough, particularly since it wasn't advocating the practice in any way.

I do disagree with the 'death is bad' premise, even though someone very close to me was recently given a few years to live. If no one dies we get unsustainable buildup of humans, and if only some people get to live forever that's probably worse.

You think that's the worst idea ever? In the immortal words of the jailer from Life Of Brian, it's not as nasty as something I just thought up.

newtboy said:

Just idiotic. Idiotic, wasteful, immoral, unethical, and impossible…
[...]
In the immortal words of comic book guy, worst idea ever!

max kaiser tearing up 10 dollar bill

newtboy says...

Lol. Losers have lost 2/3 of their value this year. The dollar has lost under 7%.
If the dollar is going to zero, bitcoin will beat it there by decades.

bobknight33 (Member Profile)

newtboy says...

Such a dumb ass. That’s exactly what you said when it was at $1200. With Elon as the only leader, there’s no good time to buy, because tomorrow he might decide it’s a great time to put every dime in bitcoin (because it also lost half its value).
Biden had nothing to do with the stock tanking. Musk being an idiot has everything to do with it.

Um…what? A bit late to look at the company now, don’t you think? He might have done that before making a $45 billion offer that he’s locked into. Now he’s wasted between $1 billion and $20 billion, which comes out of Tesla.

Tesla is no longer a monopoly, Elon no longer looks like a business genius. That means the likelihood of Tesla stock going back to a PE ratio near 200 is pretty low, but further decline is highly likely. It’s still over 90 PE…anything over 25 is a horrible deal.

bobknight33 said:

It’s a fantastic time to buy Tesla stock. Truly this is a “thank Joe Biden”

WRT to twitter musk trying to get a true sense of fake accounts and bots

Why I’m ALL-IN On Tesla Stock

newtboy says...

A German mark had value….until it didn’t. Your opinion of “fiat money” isn’t universal by any stretch. You say it’s universally better. I wholeheartedly disagree, and point to Germany and Venezuela as proof. They aren’t outliers either, (looking at Africa).

Gold is useful and valuable. Digital footprints aren’t. Paper notes aren’t. Printed circuits, connectors, anti oxidation, actual physical money, jewelry, etc. gold has intrinsic value, a dollar bill has about 13210 joules, so its intrinsic worth is about 1 small 1 gram stick as kindling and little more….no matter if it’s a $1 or $500 bill or a check for billions. Again, see Germany, where bills were more valuable as firewood than money.

This deflation idea again. Give me 3 examples of deflation harming/ending a nation on the gold standard please, I’ve never heard of it happening. (Edit: as far as I can find, I’m no economics professor, for the most part the gold standard was abandoned worldwide in the early 1930’s and the last remnants removed in the early 70’s by Nixon)

Explain how unsecured notes guard against speculation….don’t just claim it. I don’t see it, people made a mint short selling Venezuelan (and other failed) dollars….speculating they would crash….they did. What?

GDP is the metric that imparts value to unsecured notes offered by countries.

I think you had a mini stroke, the paragraph starting USofA is a word salad with no meaning.

Name 3. I named Germany post ww1….they didn’t get to borrow or ignore their debts. What are you talking about?

So, the only ones that don’t/can’t borrow are all the ones that need to.

Pretending basing your dollar on Bitcoin is the same as basing it on gold is outrageous idiotic bullshit. Just nonsense. Utterly moronic and pure fantasy. Don’t try moving the goalposts, that’s what you said.

Yes, the fed will take gold. They don’t take Bitcoin, do they? How about shells? Pebbles?

Jesus, you just want to argue. You’re rambling, switching positions and going off on tangents.
It’s not about whether someone might accept it, it’s about whether it’s universally accepted at one value and about holding its accepted long term value. People once gladly accepted beanie babies as payment….stupid people.
Arcata Ca printed up Arcata dollars….you could get them cheap, businesses took them. Wanna put your nest egg into them? You say that’s good money, as good as dollars. I’ll sell them to you for gold, and let’s see who’s doing better in 10 years. Or I’ll sell you pebbles for gold. Any currency you want, I’ll sell you for gold. How’s that working with pebbles or shells? Can you buy currency with them?

It has everything to do with how much it’s worth. Stop jumping subjects because your point is failing to convince. An economy based on pebbles fails because their neighbors don’t value pebbles, but if their pebbles are gold, they succeed because gold is valued universally.

What are you talking about, the gold standard’s ability to keep up? Huh?! No keep up necessary, no slow down required, gold trades exactly as fast as everything else. What is this nonsense?!?

You mean you can’t overspend and go deep into debt?! And that’s bad?! In your opinion, not many economists….and what makes you think you can’t borrow against gold? Secured loans are easier and cheaper to come by. WHAT?!?

Yes, unsecured paper money can just be printed forever, you CAN “sell the universe”. (Or sell dollars who’s overall value is based on your country’s value) over and over, then print more and sell 9/10 again, print more, sell again. Eventually that money is worth less than it costs to print, and your creditors get paid off in dollars worth a tiny fraction of what they lent you. Not if it’s backed with gold.

Miracle cure?!? Quote it. I think you misread. Secured notes being better than unsecured notes is not “miracle cure” or perfection, it’s just measurably better, safer, and more stable. No system is perfect.

vil said:

A dollar has value if you can buy shit for a dollar.

Gold likewise has no exchange value if you cant exchange it for goods and services. Its rare and chemically stable and good for memorial coins, has many technical uses and looks cute, but otherwise it hardly matters what symbol for money you choose. There is 200 years of experience with fiat money and gold and silver standards and fiat money has been better, not just usually better or better in some scenario, universally better.

Symbolic money is practical and facilitates quicker turn around prevents deflation makes speculative runs on currency harder and smoothes the economic bumps in the road in general.

GDP is just a metric. Not a bad one but not the actual goal.

USofA is teh most developed. Should have used growing. Deflation in an economy that is growing kills growth.

Restarting countries not only get to ignore their debts, they immediatelly start borrowing again.

The only countries that dont borrow are countries no-one will lend to and countries so rich in some silly resource they can float high in the international currency system without borrowing. Borrowing is good for bussiness.

What is outrageous idiotic bullshit? Believing pegging the value of your paper note to some hoarded luxury makes it a better representation of the mean value of goods and services bought and sold? I could do without gold except for the jacks on my audio cables (just kidding). It does not matter what I exchange for food and gas, if it gets me food and gas, its good money.

Money is what you can pay taxes with. Do they take gold?

If you insist your dollar has the value of some weight of gold how does that influence the willingness of someone else to sell you shit? Unless they specifically intend to buy gold at a fixed price they dont care. They are going to use your dolar to buy some other shit from someone else. So if you take the actual currency out of the equation, when you decide on buying and selling shit you are intuitively comparing that decision with all the other decisions about buying and sellin that you know of. The currency is just a good way to count the measure of usefullness of a product or service and compare among many. Pebbles, bottletops, dollars, gold, pearls, all just a number.

A dollar could be backed by gold or it could not, this has zero impact on the transactions made. What matters is how many transactions are made, at what value, and how much money is available to the entire marketplace in a given period of time. Transactions quickly pass the ability of a gold standard to keep up. If you want a gold standard you have to slow transactions down because you dont have the money for them.

This is why markets need some regulation, otherwise someone might sell the universe twice and then default on one. But a gold standard, at least the type of gold standard I believe was talked about in this thread as a miracle cure, would be too limiting.

Why I’m ALL-IN On Tesla Stock

newtboy says...

If the dollar has no actual value…you’re sunk from the start.

Improving gdp is the only way to add value today….much easier said than done, and possible to go backwards at light speed.

Are you calling the US a developing country? Deflation isn’t a concern for most. It’s pretty rare.

If you improve the economy artificially, the bill will come due someday inconvenient and likely cause depression, not just recession.

Restarting countries didn’t all borrow, some tried to take over the world and ignore all their debts. Just saying.

If you have gold backing your dollar, even if your dollar somehow collapsed you’ve still got all the gold. That’s just one reason it’s smart. If you don’t issue dollars for every ounce of gold in reserve, you can add dollars without the risk of inflation, then remove them when possible.

You keep saying it has no advantages, I’ve listed many.

Outrageous idiotic bullshit. Gold is a commodity universally valued. Bitcoin is worse than nothing, it costs money just by existing and has absolutely no value besides what idiots will pay, that’s like basing your economy on beanie babies and saying it’s the same as physical gold. WTF man?

vil said:

If youre a normal country you are always living on credit, if for no other reason, then because it is super easy and cheap to borrow. Also you have to, to make it to the next pay check (tax collection). First your subjects have to produce and sell, then you can collect taxes.

You dont base the value of the dollar on anything. You offer it as a commodity to the market. If your economy sucks or you print too much money the dollar goes down, which can help the economy. Printing money doesnt automatically help the economy though, it just creates space and time to make it possible for the economy to improve.

Improving the economy means creating more or better products and services that are in demand at a competitive cost. Governments in non-dictatorial countries cant really do that directly, they can only create the conditions for this to happen.

Moderate inflation hardly plays a part, except as a moderator (is that a pun?) of shocks. Deflation (and a strong gold standard in a developing economy IS deflation) is deadly, it makes the economy less flexible, less able to adjust.

If you never improve your ecomomy, all you will have left will be to bitch about inflation.

What is too much debt, too much inflation, too much intervention? I wish economics was a science.

Theoretically the economy can get to be so bad that the structure collapses, there are countries which have notoriously bad historical records, and yet every time they restart they have to borrow money to get things going again. Reserves in general are useless. Production, services and a functioning market, recursive production of valuable goods and services which freely and easily find customers is the only thing you can consider a reliable pillar of civilization. Currency is one of those goods and services.

If for any reason yor currency cant freely circulate (see China or the USSR errr... Russia) you can hardly be a superpower, at least not in the economic sense.

Adopting a gold standard so strong that it would destroy the international dollar standard has no advantage for the USofA or for any developed first world country. Even just having the Euro wreaks havoc in weaker European countries economies, but that is another can of worms.

A lot of what is wrong about the gold standard would apply if a country decided to adopt bitcoin as its sole currency btw.

Why I’m ALL-IN On Tesla Stock

vil says...

If youre a normal country you are always living on credit, if for no other reason, then because it is super easy and cheap to borrow. Also you have to, to make it to the next pay check (tax collection). First your subjects have to produce and sell, then you can collect taxes.

You dont base the value of the dollar on anything. You offer it as a commodity to the market. If your economy sucks or you print too much money the dollar goes down, which can help the economy. Printing money doesnt automatically help the economy though, it just creates space and time to make it possible for the economy to improve.

Improving the economy means creating more or better products and services that are in demand at a competitive cost. Governments in non-dictatorial countries cant really do that directly, they can only create the conditions for this to happen.

Moderate inflation hardly plays a part, except as a moderator (is that a pun?) of shocks. Deflation (and a strong gold standard in a developing economy IS deflation) is deadly, it makes the economy less flexible, less able to adjust.

If you never improve your ecomomy, all you will have left will be to bitch about inflation.

What is too much debt, too much inflation, too much intervention? I wish economics was a science.

Theoretically the economy can get to be so bad that the structure collapses, there are countries which have notoriously bad historical records, and yet every time they restart they have to borrow money to get things going again. Reserves in general are useless. Production, services and a functioning market, recursive production of valuable goods and services which freely and easily find customers is the only thing you can consider a reliable pillar of civilization. Currency is one of those goods and services.

If for any reason yor currency cant freely circulate (see China or the USSR errr... Russia) you can hardly be a superpower, at least not in the economic sense.

Adopting a gold standard so strong that it would destroy the international dollar standard has no advantage for the USofA or for any developed first world country. Even just having the Euro wreaks havoc in weaker European countries economies, but that is another can of worms.

A lot of what is wrong about the gold standard would apply if a country decided to adopt bitcoin as its sole currency btw.

newtboy said:

The fed printing money is (one reason) why the economy is a disaster.
Every dollar the fed prints makes every dollar worth less….and eventually worthless.
The fed keeping a moderate reserve and releasing some to stabilize the economy AND RECAPTURING IT LATER keeps economy swings moderate. (You just have to not listen to morons who don’t ever want to rebuild the reserve because it cools off hot economies, and instead they want to live on credit).
Printing money is NOT a permanent solution to not having enough money, and doesn’t keep the economy stable long term. Ask Venezuela.

Basing your dollar’s value on gdp means another 2020 and it might disappear altogether instead of just seeing high inflation for years….no advantage there

bobknight33 (Member Profile)

newtboy says...

Oops....Mat Gaetz's pimp down in Florida, who is cooperating with prosecutors, apparently saved all the encrypted, supposed to disappear in 10 minutes communication he had with Roger Stone where he was attempting to buy a pardon for sex trafficking young women for Republican representatives to rape (because they were under age, any sex with them is rape, they could not consent).
The conversations are about his pardon price, which was $250000 to be paid in bitcoin so it couldn't be traced. Unfortunately for him, Stone told him the pardon was delayed because of the scrutiny after Trump lost the election, and was never produced. (Unknown if he paid the bribe, but it would be typical Trump to take the money and disappear). Unfortunately for Stone and Trump, he took screenshots before the secret communications evaporated.

It is undeniable what they discussed, and it was the outright sale of presidential pardons to cover up sex trafficking children for Republican representatives to rape.

He also wrote a confession letter in preparation for his pardon in which he admitted paying underage women and helping them travel to other states for Republican representatives to have sex with.
More proof that the Trump party is the criminal party of child rapists. Your people.
Enjoy

The Electric Vehicle Charging Problem

testlump says...

7.8 billion USD to make charging stations easily accessible across North America and allow Tesla to not only gain first mover on advantage on a charging network but also larger potential market for EV sales, and yet Elon Musk wasted 1.5 billion USD on Bitcoin.

The guy is an idiot.

Trying to explain bitcoin

ChaosEngine says...

Disagree. Gold (or more specifically currency) has a huge number of advantages over barter, as shown with the second guy.

Barter has problems of divisibility, relative worth, storage, transport, etc... all of which are solved by a common currency.

Crypto has some advantages over traditional currency, but right now they're outweighed by the disadvantages such as instability (as mentioned by @notarobot), lack of trust, slow transaction speeds and frankly appalling levels of energy usage.

Blockchain might eventually become the future, but Bitcoin is basically dead because of these problems.

*related=https://videosift.com/video/Why-Bitcoin-Is-Not-Working

testlump said:

Video is pretty much a spot on summary of Bitcoin / crypto

Why Bitcoin Is Not Working

Trying to explain bitcoin

Trying to explain bitcoin

notarobot says...

The problem with bitcoin is it being treated like a commodity instead of a currency.

Some very rich people pulled a pump and dump---over the course of several months mind you---and a lot of the 'liitle folks' got burned in the hype.

Trying to explain bitcoin

b4rringt0n (Member Profile)

Trying to explain bitcoin

Mordhaus says...

Funny, but a tangible item is much easier to market.

It's only been in recent human history that we have decided to accept currency sources that are technically not backed by a physical equivalent and. Even then, until bitcoin and other recent crypto-currencies started appearing, we required the force of a large body behind it like a government.

At least with items like gold and silver, people knew that it was an unknown new item that had limitless potential. Imagine a person coming up to you ages ago and saying, "I've filled an empty mine with rocks, but every 1000th rock is blue. I am the only one that can allow access to the mine, so I can manage the rarity of the blue rocks. What I want you, and the other people to do, is treat these blue rocks as valid trade items." I can almost guarantee that you, or anyone for that matter, would say that you would do that only if that person speaking to you guaranteed to make the blue rocks redeemable for valid currency from him at your discretion.

That is one of the problems many have with crypto-currency, the guarantee factor of being able to convert to a more recognized form of monetary unit. It's changing now, but it is still going to be a rough road since the only true guarantee at the moment is that multiple places are starting to recognize it as currency. It could be amazing, but it also has massive potential to financially cripple a lot of people if they trade goods/services for it and it flops.



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