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Just wondering, why do people around here refer Bernake as 'Helicopter Ben'? Why Helicopter?
DEFINITION of 'Helicopter Drop' A hypothetical, unconventional tool of monetary policy that involves printing large sums of money and distributing it to the public in order to stimulate the economy. Helicopter drop is largely a metaphor for unconventional measures to jumpstart the economy during deflationary periods. While “helicopter drop” was first mentioned by noted economist Milton Friedman, it gained popularity after Ben Bernanke made a passing reference to it in a November 2002 speech, when he was a new Federal Reserve governor. That single reference earned Bernanke the sobriquet of “Helicopter Ben,” a nickname that stayed with him during much of his tenure as a Fed member and Fed chairman. Read more: Helicopter Drop Definition | Investopedia http://www.investopedia.com/terms/h/helicopter-drop.asp#ixzz3ybBGVPEC Follow us: Investopedia on Facebook Stan just beat me to it. |
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I vote Daniel Larimer for the reasons listed in previous posts.
I am far from new to this.
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real estate, stocks, anything?
the recession dealt quite a bit of damage to me. so i chickened out and mostly missed the boat.
i guess i will catch up with ya on the next downswing
I buy and hold index funds, so my performance has been almost exactly the same as the market. But I started a new, higher paying job in September 2008, so I had a lot of free cash flow and put every red cent I had into stocks (through index funds) when they were cheap. I timed the market in that respect. I don't own any real estate, bonds or bond funds, individual stocks, precious metals, or anything else. The simple reason is that they are either more expensive, more work or have weaker performance than stocks, or all three (for example, in the case of real estate). But of you bought a house you could live in it while waiting for it to turn profit. A house holds value a lot better than stocks. And even if the value goes down to a worthless level, you can still make use (and profit) of it unlike stocks .The key question is, when did you start investing A residence is a nonperforming asset. It does not generate any profit. And the rate of return on residential real estate is vastly inferior to stocks--about half in real numbers, even lower in real return. That's not to mention the lack of liquidity in residential real estate and all of the taxes, upkeep, insurance, etc. It is also, as many learned in the past 6 years, among the least diversified and most risky ways to hold capital. 1992, but in a more serious way in 1996. Residential real estate does provide a rental yield (profit), which can be attributed to a homeowner's returns. But real estate investors have a lot of delusion about the superiority of their (inferior) assets. Public equity does outperform residential real estate, and especially on a risk-adjusted basis, given the lack of scope for diversification in real estate investments. |
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BCnext and UtopianFuture. Right now posing as "Kora"
If somebody would kindly spread a rumour that I'm the real Satoshi, I'd die happy. Being Aphex Twin for a day was not sufficient. |
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I like them all (not all). I'm a collector, but diversification is necessary as a risk reduction exercise.
All cryptos are as much a technology proposition as they are a network one. The number of bitcoin holders is considerable, except in comparison to the incumbent, traditional payment networks. The Gini coefficient is diabolical, but most non-euro/dollar/renminbi/pound citizens would experience more friction spending their home fiats in most places, than bitcoiners. And the technology promises better outcomes for most sections of society.
I've only excited Litecoin because it's not the lightest. Ethereum are conducting a very admirable IPO. Is there even a minimum buy-in?
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I'm really looking forward to some fleshing out in the NEM department.
POW is fascinating, and has been essential to bitcoin's success. But POS makes much more sense, now that the crypto currency environment has matured significantly. I don't understand why nobody has tried a biometric offer yet, what with the iPhone's print scanner. Probably because that would be so easily exploited, besides the work involved.
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Yes, OP was enquiring as to how he might 'earn' BTC. I don't think buying it qualifies.
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Paying 2-4% over bitstamp on localbitcoins is not extortionate!
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Thank you,
1LxLuSnXbTxABqs65TLM2K5Va61wqs7CBM
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As for "hoarding", well, that's just a derogatory term for saving.
+1 |
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A couple of comments here seem to suggest there are readily available, bitcoin denominated investments. Please, do enlighten me in that respect.
There's nothing wrong with hoarding cryptos as an investment. It seems sensible to me, at these prices. But a hoarder can also simultaneously spend and replenish their stocks..
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Hash rate is surely one of the major determinants of a crypto's market value.
The more the merrier, because the hash rate bolsters the network. Makes it nice and stable.
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Ha,
you're doing well if you've managed to get QT clients installed for every coin type you own..
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Still, international money transfers are where Bitcoin shines, for senders and receivers both, and it seems as likely that your Bitcoins would appreciate as they would depreciate against the dollar.
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