И правда любопытно... Может кто-нибудь задаст этот вопрос в англоязычном форуме, доступном корейцам? <offtop> Девушка может съесть две пиццы среднего размера, либо яичницу из 30 яиц с упаковкой крабового мяса, либо пять пачек лапши быстрого приготовления В первое и последнее утверждение верю, но яичница из 30 яиц  ? НЕ ВЕРЮ. Подозреваю, что имелись в виду не куриные яйца, а какие-нибудь перепелиные или еще что-то в этом роде.</offtop> Сразу вспомнился анекдот про Испанию и корриду... |
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Не помню где и когда (примерно летом 2013 г.) слышал в новостях, что ЕС в 2016 г. хочет выпустить закон о том, что в случае Евро-кризиса будет "обязательное" подстригание больших вкладов обычных граждан (т.е. как было на Кипре в апреле, но только для всего ЕС).
Учитывая очередное уполовинивание награды за блок (к тому времени) и принятие такого закона в ЕС можно предположить, что у биткоина есть огромный потенциал роста ИМХО.
Здесь на форуме есть соответствующая ветка, посвященная данной теме ("подстрижению" вкладов, лол)... |
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Кризис банковской сферы и будущее биткойна Российский «Мой банк», один из двухсот крупнейших кредиторов России, заморозил любые операции по выводу средств. Ожидается, что запрет продлится как минимум неделю. Об этом стало известно вскоре после того как, ЦБ РФ предупредил граждан о «сомнительности» биткойн-операций. Насколько мне известно, банк не может "запретить" своим вкладчикам (если речь идёт о вкладчиках, о чём из статьи совершенно не ясно) изымать свои средства (и если это вообще банк). Неисполнение обязательств - отзыв банковской лицензии ЦБ... |
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In any case, you haven't answered my question. What's a bank run in 100% reserve banking? There's no such thing.
People running to banks to get their money back (possibly out of the fear of losing the money, though there are other reasons as well). Nevertheless, if we exclude demand deposits out of consideration (i.e. taking into account only term deposits), will this also effectively put an end to FRB? |
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4000 constructive posts are going to be the workload of a fulltime job. And a fulltime job that pays 0.8*800$ is a crappy paid job  Not for people that don't live in a first world country  This is actually a great oppurtunity for them if they learned English. $800 is what some people make in a year. First of all: 800$x0.8 =/= 800$, is only 640$. and then show me a country in the world with ppl who earn only a monthly income of 53$ and got internet access. Should be impossible. in total average its really impossible but if you can check in India many peoples living between 1 to 2$ daily so you can check these stats in other many countries also And you guess that ppl with 1-2$ a day have internet access or even the knowledge of using a computer? You would be surprised. People in india get internet access for like $5 per month. So you guess they spent 10% of the monthly income for internet? Compared with a average USA income of 2000$ would internet cost 200$, would you pay? I guess not... If $200 could earn you $2000 monthly, I would definitely consider it as a good investment. So, why not pay 5 bucks to get $600+? |
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4000 constructive posts are going to be the workload of a fulltime job. And a fulltime job that pays 0.8*800$ is a crappy paid job Unless you're a foreign language student or something like that (where foreign refers to English, lol). Stunna supports education! Better than working at mcdonalds. Don't know. Never worked at mcdonalds, lol. But would absolutely prefer posting here if I were a student (had been there), since you can learn many new things besides just the language... |
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Ну вот, BTC China послала китайский ЦБ с ее предупреждением и возобновила торговлю. И это в "деспотичном коммунистическом Китае". Посмотрим чем ответят русские обменники  А разве BTC-e прекращала торговлю? Хотя, конечно, она (якобы) болгарская биржа, но почему-то все её всё равно считают российской... |
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Ok, I should have said possible negative effects from bank-runs (such as bank bankruptcies). This doesn't in the least exclude the necessity of liquidating some banks...
I'm not sure what you're getting at. Bank runs are a consequence of fractional reserve banking. The proper way to eliminate bank runs is to move to 100% reserve banking. All the other solutions cause terrible negative side-effects, and don't even work in the long run. Absolutely not. FRB can indeed deepen and aggravate negative consequences of bank runs, but to say that bank runs are a consequence of fractional reserve banking is a bit far-fetched. Bank runs could happen even if we implemented 100% reserve banking, couldn't they? What's a bank run in 100% reserve banking? There's no such thing. Bank runs are a consequence of fractional reserve banking. Saying that this is far-fetched doesn't convince me otherwise. A bank run by definition occurs because depositors fear that the bank doesn't or won't have enough in reserves to redeem their deposits. You yourself said that 100% reserve banking in respect to reserves refers only to demand deposits, so in no case it can preserve a bank run when people request back all their deposits (term deposits as well as demand deposits), even if they may be fined. In my country a depositor can at any time request back his deposit (though loosing the accumulated interest in most cases)... |
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4000 constructive posts are going to be the workload of a fulltime job. And a fulltime job that pays 0.8*800$ is a crappy paid job Unless you're a foreign language student or something like that (where foreign refers to English, lol). Stunna supports education! |
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Ok, I should have said possible negative effects from bank-runs (such as bank bankruptcies). This doesn't in the least exclude the necessity of liquidating some banks...
I'm not sure what you're getting at. Bank runs are a consequence of fractional reserve banking. The proper way to eliminate bank runs is to move to 100% reserve banking. All the other solutions cause terrible negative side-effects, and don't even work in the long run. Absolutely not. FRB can indeed deepen and aggravate negative consequences of bank runs, but to say that bank runs are a consequence of fractional reserve banking is a bit far-fetched. Bank runs could happen even if we implemented 100% reserve banking, couldn't they? |
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Главная цель была - запретить юрлицам суваться в эту отрасль. Цель достигнута. Остальное - уже мелочи в их масштабах.
Т.е. если (когда) закон примут из России уйдете полностью без вариантов? Готовь сани летом, а телегу - зимой! |
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That's quite a leap from having one minor similarity to being "not much different".
There are many differences, including some major ones. Bitcoin, unlike the fiat currencies which came before it, is decentralized. That's probably the quintessential difference.
How's that relevant in the context of FRB (MM)? No lender of last resort that could print Bitcoins in the case such a need arises? That's certainly one reason it's relevant. As I've said before, the lack of ability to print BTC at will is why fractional reserve banking of Bitcoin would quickly fail, if anyone was ever dumb enough to try it in the first place. I wouldn't call it Bitcoin advantage. Yes, the fiat system with a central bank can be misused badly, but it can effectively prevent bank-runs without sacrificing the value of the currency Yeah, I don't think it can do that. "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." Ok, I should have said possible negative effects from bank-runs (such as bank bankruptcies). This doesn't in the least exclude the necessity of liquidating some banks... |
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I don't think it good unless a central bank prints more money than necessary to extinguish all outstanding claims (which banks can't pay due to cash deficiency)...
I'm not sure what you mean by that. I reworded the phrase. Should have read before posting, lol... |
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That's quite a leap from having one minor similarity to being "not much different".
There are many differences, including some major ones. Bitcoin, unlike the fiat currencies which came before it, is decentralized. That's probably the quintessential difference.
How's that relevant in the context of FRB (MM)? No lender of last resort that could print Bitcoins in the case such a need arises? That's certainly one reason it's relevant. As I've said before, the lack of ability to print BTC at will is why fractional reserve banking of Bitcoin would quickly fail, if anyone was ever dumb enough to try it in the first place. I wouldn't call it Bitcoin advantage. Yes, the fiat system with a central bank can be misused badly, but it can effectively prevent bank-runs without sacrificing the value of the currency or overall economic stability... |
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That's quite a leap from having one minor similarity to being "not much different".
There are many differences, including some major ones. Bitcoin, unlike the fiat currencies which came before it, is decentralized. That's probably the quintessential difference.
How's that relevant in the context of FRB (MM)? No lender of last resort that could print Bitcoins in the case such a need arises? I don't think it good. The system with a central bank works fine unless it decides to print more money than necessary to extinguish all outstanding claims (which banks can't pay due to cash deficiency)... |
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Central bank emitted money can be considered in this context as base money (as it is)...
So then it is money that is created through fractional reserve banking. Central bank emitted money is created when the Federal Reserve lends through the discount window, right? It is called "money printing", lol It's also called "creating money out of thin air". Following this logic, all fiat currencies can be said to be created "out of thin air" Correct. And as I've said before, as far as the metaphor goes, Bitcoin can also be said to be created "out of thin air". So it is not much different from the former. Q.E.D. |
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Central bank emitted money can be considered in this context as base money (as it is)...
So then it is money that is created through fractional reserve banking. Central bank emitted money is created when the Federal Reserve lends through the discount window, right? It is called "money printing", lol It's also called "creating money out of thin air". Following this logic, all fiat currencies can be said to be created "out of thin air" |
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Central bank emitted money can be considered in this context as base money (as it is)...
So then it is money that is created through fractional reserve banking. Central bank emitted money is created when the Federal Reserve lends through the discount window, right? It is called "money printing", lol |
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And yes, many are under the impression that money is literally created out of nothing (there was an animation presented earlier here that shows just that)...
Really? It showed money being literally created out of nothing? Was it created out of nothing, or was it created out of thin air? If we're going to be literal, there's quite a big difference. Thin air is, after all, something. Was there some magician who pulled dollar bills out of his hat? I don't quite remember the details of the animation but it showed that banks could unconditionally increase their assets by just writing numbers... . That's how it works. But it's only legal if you do it with the permission of the Federal Reserve. Bank takes money from a depositor, and now it has a liability (depositor's claim) and an asset (his money)... |
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And yes, many are under the impression that money is literally created out of nothing (there was an animation presented earlier here that shows just that)...
Really? It showed money being literally created out of nothing? Was it created out of nothing, or was it created out of thin air? If we're going to be literal, there's quite a big difference. Thin air is, after all, something. Was there some magician who pulled dollar bills out of his hat? I don't quite remember the details of the animation but it showed that banks could unconditionally increase their assets by just writing numbers, when the assets are actually created out of liabilities (accounting identity)... |
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