So the interest rate, which inversely affects the demand of money, is also set by the central bank.  Artificially low interest rates, cause artificially high demand for money, followed by monetary expansion.  I think that this Keynesian model of central decision making only works when the government makes decisions in the best interest of society as a whole rather than being in the best interest of a select few.  Seeing that the government is not currently capable of making decisions for the greater good, that power to control and manipulate the monetary system should be decreased, and likely with a decrease in the control of money, the corruption will decrease as well.

If this is in response to my post, I'm brand new to this dude, so I'm not sure.

I took a course in Python, where they put together a console online for us to use and code on.  Just wondering what to use for java (is java not the same as javascript?)

But what if how much wealth you have isn't based on how much you have produced vs. how much you have consumed, but also how close you are to the creation of money.  For example, should a bank have first dibs at the money created in a monetary expansion by the Fed?  So they either make a speculative play on it or lend it out at a higher rate and profit from the spread?

You have a company that has done with money, what UPS or FedEx does with a shipment.  Take it from A and get it to B.  Let's say this is a mortgage, and now you'll be paying an annuity for 25 years back to the bank, and they will make a spread on the interest, and they will profit from that.

Now take a farmer, that produces food, an actual good that all humans require.  The profitability likely won't be as high as a bank, if profitable at all, and in fact they may require debt to survive.

Why doesn't the farmer have access to freshly printed Benjamin's from the Fed?

Then in the event that a bank speculates with the money, and loses the bet, like in 2008 when several banks were up for bankruptcy, why do they then get even more money given to them?  When does the bankrupt farm get bailed out?

That is more a problem with this particular monetary system, rather than money in general.

I just learned some basic coding in python, so looking to get started with Java as well.

Do you guys use the google chrome console?

We have derailed the shit out of this thread dude.

Leasing should count as revenue, because it is revenue, just not all upfront.  EV tax credits are from the government, but Tesla should still count that as revenue.  If they didn't count it as revenue, then they wouldn't be liable for paying tax on that income.

I don't own a Tesla, but my friend has a P85.  I used to live in the suburbs where I had a very car/motorcycle-centric life, but I'm in the core of downtown near the subway line and can work from home, so I barely drive these days.  But if I had a lifestyle that required a lot of driving, I'd love to have a Tesla.  Price tag is pretty steep for me though.  I'd rather put that money towards my home.  The Model 3 will be interesting though, as it will be significantly cheaper.

I'm not sure about the loans or spending that you're referencing, so can't comment on that.  Which factory are you talking about though?  The cost gigafactory is around $5 billion.

Tesla is a different type of investment for me, but I don't have a whole lot invested.  I trade Canadian banks and telecoms taking into consideration technicals, but I like the concept of Tesla more than I like it as a vehicle for returns.  I like that they're making a push on EV and have some consciousness towards the environment.  I like that they're making that push through technological innovation rather than propaganda.  I like that they're taking a stand against having dealerships force themselves into the auto industry to take a cut, whether or not you need their help with sales.  I don't see any other automakers doing anything remotely revolutionary.  They've committed free lifetime charging via the supercharger network.  Elon's end goal isn't profitability, and I like that. 

I think you've accurately summarized the downsides lol

But I think the signature campaign concept is understood on this forum.

Not sure if "Android debugging" is enabled or not.  I use Coinbase on Android - what are the problems you're referring to with this setup?

I was responding to another post about theoretically having automation of labour, that would only require 5% employment.  That would require a huge push in R&D, which would need to be driven by tech guys, because who else can do it?

Tesla was privately funded until 2010 I believe.  So throughout the financial crisis, when they came very close to bankruptcy, the government didn't loan or grant Tesla anything.  In 2010 they received a government loan, which has already been repaid in full, with interest.  Then I believe they received another loan to expand their production capacity, and tax cuts from Nevada from building the gigafactory over there.

So the problem with Tesla right now, is their production capacity.  They were only able to do ~33,000 cars in 2014, and will approximately double that in 2015.  But still, they are a drop in the bucket in global car sales.  So it's going to take a few years at the current momentum to be a big player in the industry.

Their GAAP financials will be normal COGS subtracted from revenues...what are you speaking of that's misleading?  They have a lot of automation, and literally form the body out of raw sheets of aluminum, so their production facility is pretty efficient.  Check out the videos if you're interested.

Yeah, I'd like to pick up some TSLA shares at this point, but all my USD are invested right now.  I'm Canadian, and I don't want to convert CDN to USD right now because the exchange rate is ridiculous.  I'll need to sell off some GOOG shares to free up some USD, but I missed the boat at $570+ a couple days ago.  TSLA is a super volatile stock, because it's valuation is based on bets about the company well into the future - so very speculative. 

Yeah there is a small probability to lose your entire bankroll, and a high probability to win small bets multiple times.  The long-term odds are that you will lose your entire bankroll before you can double your money with small bets.

I'm not sure what the relevance of your response is.  The thread is criticizing the financial system itself, and I brought up Tesla as an example of great technological innovation. 


Please share your source and non-GAAP margin numbers for Tesla with us instead of using analogy.  For the past 6 quarters, Tesla has had >25% margin reported.  You do understand that non-GAAP allows more flexibility in reporting than GAAP does right?

On a thread where there is criticism given to a our monetary system and money itself, and your input about an example for technological innovation and automation is about money and profits, then you likely missed the point.

Tesla is not profitable and doesn't plan to be profitable for the next few years.  They are having to invest in infrastructure to grow production capacity and distribution, which Tesla has explicitly mentioned takes precedence to being profitable.  He mentioned they're making about 25% gp, which is very profitable for the auto industry.

You've made it clear that you're not a fan of Tesla, but no one needs you to be one.

haha alright cool, thanks for the info

So there are a few issues keeping us from going towards this automated economic model.

1) We don't have enough people on the tech/r&d/engineering side currently, so we would need many more people to be educated (in or out of school) in coding, software development, robotics, engineering, etc.
2) What happens to the rest of the people that are useless in the new system?  They are the majority.
3) In this system, only companies that actually produce or optimize goods/services are useful - so things like financial services, which don't really produce anything but take a cut from everyone that does produce, will need to
4) How are resources distributed for production?  Ideally it should go to the most productive and beneficial options.  Then once goods are made, how are they distributed if the majority of the population doesn't make income?

We are currently so primitive compared to the type of world we're dreaming of...I mean like you said, we have the money printer going and engage in war.  Could you have any stupider people leading the world?  Once you've conditioned an idiot to think he's doing good by killing another person that he's never met, something's very wrong.  In the new world, that idiot would need to be programming a manufacturing robot. /end rant.

For the transition, I think the tech companies will have to set the stage and compete solely based on technological innovation.  Elon Musk is making a huge push for tech companies to expand into other industries, and I really think when you have brilliant minds, they can take over whichever industry they please. 

Yeah, I agree.

From my introduction into Bitcoin, the easiest way if you work and have disposable income, is to just convert $ to Bitcoin.  I'll assume that some people are asking because they either don't work or don't want to invest their personal $.

Without having any unique skillset, so really just based on participation, the signature campaigns are your best bet from what I can see.  Aside from that, there are faucets and Android games that will pay a few hundred satoshi, which will build really slowly over time.

Gambling has the potential to generate bitcoin, but the odds are against you and you need to be comfortable with losing.

Can someone outline the potential security risks associated with a wallet on Android?

Couple example questions:
1) What are the risks if the phone is in my possession the entire time (non-rooted Nexus 5)?
2) If the phone is stolen - there is still a password lock on the phone, so Bitcoin can't be sent out unless the phone is unlocked.  But in this event, can I not just access my Bitcoin account online via website on my laptop?

Just trying to better understand what to do in these situations.

Do you know what time time frame/range is and when the weekly total is calculated?

(Eg. From Monday to Sunday, calculated on Sunday at midnight.)

It makes more sense to compare based on # of bets than days/weeks/months or measure of time.

I'd be interested to know how many times people were able to double their initial bankroll before either quitting or losing it all.

The most I've been able to do is double 27.5 times initial bankroll before going bust.  The transition in feeling invincible to a mere mortal was pretty sad lol.  I actually withdrew a little more than the initial bankroll before losing, but that's when I started thinking of periodic withdrawals.  After doing the math, the odds are still against you long-term.

We are still quite far from the type of automation that will allow for 5% employment.  Even if the majority of production is automated, there are still many other components of a goods producing business that may not be automated if they are competing in a relatively free market.  Procurement, logistics, marketing, sales, support, R&D, etc. would still require a human component without AI right?  Then there are service industries.

I consider Tesla to be one of the most technologically advanced companies, where a large portion of their production is automated, but they still need to employ a ton of people, not only in production, but for the other components of running a business.

To your point, there would need to be a better way of distributing resources aside from time-based income though.  Almost sounds communist.

Well the key part of that statement is "if it goes well".  If martingale "goes well" you make a great return.  It's not that you just recover the amount lost, it's that every time you don't lose it all, you win.

Doesn't every strategy make a good return if it goes well?