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521  Economy / Economics / Re: Quantitative Easing on: June 05, 2014, 04:48:52 AM
Keynesians like Krugman call the present situation "liquidity trap":

http://en.wikipedia.org/wiki/Liquidity_trap
http://www.economist.com/blogs/freeexchange/2013/10/monetary-policy-2
http://krugman.blogs.nytimes.com/2013/04/11/monetary-policy-in-a-liquidity-trap/?_php=true&_type=blogs&_r=0
522  Other / Politics & Society / Re: The Cure For Stupid Gas Cans on: June 05, 2014, 04:13:08 AM
Much more annoying than the can it self, is to be without gas, having to walk to a gas station with the first bottle we could find, and they refusing to sell gas saying that we have to have a gas can.
523  Economy / Economics / Re: What are the main drivers of the Bitcoin price? Evidence from wavelet coherence on: June 05, 2014, 03:35:31 AM
I gave up on reading all the details of the article, however:

On the issue of the role of China being mostly about volume, he seems to base this conclusion on data from the times of the leading role of MtGox. Now, clearly, are the chinese markets that are leading, first, Huobi, and now Okcoin. Even when the western price is higher, bitstamp, bitfinex go higher or lower, fowling Okcoin.

He seems to compare bitcoin with short term safe havens, like gold, the swiss franc or even the US dollar. Clearly, bitcoin doesn't have that status. At most is a safe haven for long term pessimist.

I think is wrong to qualify price level as a fundamental. Even fiat supply seems to be no fundamental element. Fundamental will be the element that moves that supply.

I think we can consider as bitcoin fundamental the increase of retailers or users of bitcoin.

His conclusions on the role of interest in the pump and dumps of bitcoin seems consensual.
524  Other / Off-topic / Re: Underground group (criminals) at bitcointalk.org on: June 05, 2014, 03:26:35 AM
Clearly, the op is no newbie, he just created another account. Maybe fearing negative reactions on his trust ratings.

But if the account is new and there are evidences, name the people. Do you care for negative trust on that newbie account?
525  Economy / Economics / Re: What are the main drivers of the Bitcoin price? Evidence from wavelet coherence on: June 05, 2014, 02:05:29 AM
Well, here it is, especially for the lazy ones: http://www.coindesk.com/study-speculation-driver-bitcoin-prices/
526  Economy / Economics / Re: What are the main drivers of the Bitcoin price? Evidence from wavelet coherence on: June 05, 2014, 02:02:25 AM
Probably, a summary of the article for the lazy would make this thread more popular.

The MIT has published interesting analysis on price movements before.
527  Economy / Economics / Re: Quantitative Easing on: June 05, 2014, 01:38:21 AM
Velocity of money might be an element, but it's controversial. There are different opinions on it between neo-classics (that consider it constant or with small variations) and keynesians.
It's also necessary to take in account the difference between M1 (money created directly by the central bank) and M3 (global money assets, including money created by commercial banks).
In a credit crunch, with the money created by banks in decline, it's possible to increase hugely M1 without increasing M3. Therefore, no inflation happens.
528  Other / Politics & Society / Re: Bashar Assad wins Syria presidential election with 88.7% of vote on: June 04, 2014, 11:56:51 PM
The Syrian elections have the same problem as any elections organized in the middle of a civil war:

1) The rebels will oppose it, because they know only the supporters of the regime will vote, therefore, the regime will always win.

2) Refugees abroad won't have any conditions or even been allowed to vote (2.8 million Syrians, more than 10% of the population).

3) There is no real conditions for free speech or free press.

4) If the rebels organized elections on the territories they control, Assad would get 1% or less for the exact same reasons. Why should any rebel candidate get more than that in an election organized in governmental controlled territories.

As far as I know, the abstention numbers weren't published.
529  Other / Off-topic / Re: Murphy's law { Who else gets owned by Murphy daily?} on: June 04, 2014, 11:16:48 PM
Of course, Murphy's law is absurd, but can also be fun.

How many times, when we are looking for something, we thought, damn, if at least was in this last place possible, that I just looked, but it isn't, I just can't find it or must have missed it on one of the places I already looked.

So, the funny Murphy's law, might be "Never look for something you don't already know where it is, because it will be a waste of time, you won't find it. Just go buy a new one. But, of course, you must know that as soon as you arrive home with the new thing, somehow the old one will hit you on the head".
530  Other / Politics & Society / Re: Who would you be allowed to marry in Israel today? on: June 04, 2014, 11:09:10 PM
Most of the Zionists were not interested in religion. Many of the emigrants that went to Israel after WW II were atheist or, at least, didn't care for religious motives. They wanted a safe haven.

Lately, because of the huge increase of the Orthodoxs (they seem to be the only Israelites having several kids) there has been a shift to the radical right and into religious perspectives.

But the main problem still isn't religious. Only the radical call on the Torah to argue ownership over the Palestinian land. It's a problem about resources and nations. We, humans, never needed religion as a motive to oppress and kill for land and resources.

Lets keep the debate civilized...
531  Other / Off-topic / Re: Murphy's law { Who else gets owned by Murphy daily?} on: June 04, 2014, 09:07:47 PM
If think they argue only for a Trinity of the Father, the Son and the Holy Ghost.

It seems that we, the other 7 thousands millions, are not invited to be part of them.
532  Other / Off-topic / Re: Murphy's law { Who else gets owned by Murphy daily?} on: June 04, 2014, 08:58:09 PM
Which is correct.  Believing in yourself is all that truly matters.

I think it wasn't enough to believe in your self, you had to believe that Jesus was the Christ.

Anyway, if you see my comment after on the link I posted, you'll confirm that I think this doesn't make sense, not even for a believer. And James, the just, in another epistle, says the opposite of St. Paul (they didn't like each other and were rivals).
533  Other / Politics & Society / Re: Jesus Is Lord on: June 04, 2014, 08:53:03 PM
If those were sacred statues, I doubt they would be used just to signal if a place was "cro-magnon" or neanderthal.
Probably, that was important, especially if we accept the belligerent hypotheses about the relations between the two species (or branches of the same, since they could have descendents), but they were so different in appearance that they could be easily identified...

Even if they were not sacred, these statues could be too much important to just leave them in the open of a cave as a symbol of modern humans. In that way, they could be easily stolen.

But, who knows, you might be right.
534  Other / Off-topic / Re: Murphy's law { Who else gets owned by Murphy daily?} on: June 04, 2014, 08:36:37 PM
Anyway, and I'm not saying anything about alleged scams, someone just quoted St. Paul saying that you only have to believe to be assured salvation: https://bitcointalk.org/index.php?topic=629144.msg7133133#msg7133133
535  Other / Politics & Society / Re: Who would you be allowed to marry in Israel today? on: June 04, 2014, 08:15:06 PM
I do hope the Israelites take care of their current government.

It is ruining your reputation because of all the settlements on the occupied territories, the martial law, the military courts, the arrest of kids, torture, extrajudicial assassination... it seems the goal is forcing the Palestinians to leave to let them occupy more land.

It's a shame to see the Jewish people, that was oppressed by centuries, convert themselves in oppressors.
536  Other / Politics & Society / Re: The Truth About Bitcoin!! on: June 04, 2014, 07:52:37 PM
For something about reality, there is a damn annoying detail called quoting evidence.

Yes, I know, we are a damn and ungrateful bunch of skeptics that won't appreciate your effort clarifying the truth to us.
537  Other / Politics & Society / Re: Bashar Assad wins Syria presidential election with 88.7% of vote on: June 04, 2014, 07:43:00 PM
Only 88.7%? That result almost looks democratic.

NATO already told it won't recognize the results.
538  Other / Politics & Society / Re: Events that changed the world... on: June 04, 2014, 07:32:00 PM
Taking in account that the moon landing (besides a few more landings after) marks the practical end of new steps in that direction, since we never done something similar since Apolo 17, in 1972, i wonder if we can consider it as important.

Did the moon landing ended the cold war or was a consequence of the cold war (rivalry between US and SU)...
539  Other / Politics & Society / Re: Jesus Is Lord on: June 04, 2014, 07:22:30 PM
Actually, there is still a debate inside of the church if Paul in that epistle was indeed saying what he seems to be saying.

If salvation is a necessary result of believing or if it depends on good deeds.

Because if it's just a question of believing, it was a cheap price. Even hitler could be saved, if he believed (that is matter of another debate) and, at least, repented in 30 April 1945 (Paul doesn't demand that explicitly, but lets assume at least that he would demand that of hitler).
540  Economy / Economics / Re: Solution to poverty - Socialism or Capitalism? on: June 04, 2014, 07:13:37 PM
Government can get out of the way ... Simple really.
That's what the data supports when countries are ranked according to their economic freedom index. It turns out that high economic freedom correlates with high rates of literacy, high education, low infant mortality, longer life expectancy, better access to clean water and sanitation, lower rates of HIV infection, a cleaner environment.

Details here:
http://www.heritage.org/research/reports/2013/09/how-economic-freedom-promotes-better-health-care-education-and-environmental-quality

I think he wasn't talking about political freedom, but a kind of economic freedom similar to the liberal XIX century (Laissez-faire times). I doubt that kind of freedom would be helpful for social indicators. In many countries, it's the state that is responsible for those services.

Actually, Cuba is clearly lacking on economic and political freedom and for decades had the better ratings in Latin American on those issues.

Even today, the highest levels of political freedom are typical of developed economies, so that might explain better those results.
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