[ANN] SpreadCoin | Decentralize Everything (decentralized blockexplorer coming)

[thevictimofuktyranny]

Next, I would remind everyone, who does not live in UK - the macro economic environment has already benefited from the BREXIT vote.

For 7 years, the government has been circulating misleading economic data to the voters.

Within 7 days of BREXIT vote, George Osborne has already jettisoned some of this misleading economic data e.g. there would be budget surplus in 2019.

The actual UK macro economic reality is:

Median Average Salary in 2008 was £27,460

Median Average Salary in 2016 is £27,600.

Inflation has averaged 1.5% for the same time period.

In real terms, the Median Average Salary should be: £30,500.

This is in "real terms" a 11% deterioration governments tax revenues.

Because the overall tax take, from direct and indirect taxes is around 40%, the deterioration Median Average Salaries represents an ongoing and persistent cause for national Budget Deficits.

Therefore, there was never any possibility of Budget Surplus in 2019, even when the chancellor got up and announced it a few years ago.

As the English would say: "it was pie in sky" (nonsense).

Too get another, Budget Surplus, in the future or more importantly prevent a further deterioration, the UK needs wage inflation matching the inflation rate.

Reducing immigration will produce wage inflation and guarantee current governmental expenditures on social, military and infrastructure programs is maintained.  

BREXIT was the only game, that could stabilise or halt the deterioration in "real terms" declines in governmental revenues.

[1714662147]

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[1714662147]

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[sirazimuth]

threads gotten interesting. too bad its off topic!
sok tho, not complaining.
i actually learned something about Brexit. i confess i was clueless about it not a month ago.
Carry on then chaps.

[rhinomonkey]

In all seriousness, we can take the rug from under the DASH dream with a Bitcoin paid node model. Let's not let that slip away.

Amen. Gonna short DASH when SNs arrive  

JK, would rather just go all in on SPR at that point.

BTW I received my desktop computer, but unfortunately don't have access to everything bc the guy who gave it to me lost the Admin password for windows. Is there a way to reboot the computer from an Ubuntu build or something (I'd rather not pay for another Windows key) and then set up the SPR miner?

yes to both ...

most linux distros have live noot from cd / dvd . usb or the like ... but easier to just buy a small sdd ( like a 120gb kingston v300 - very cheap now ) and just install a fresh copy of linux ...


#crysx

Oh, cool that's a pretty simple solution. I'll get the one you recommended - it looks like it's only 40 dollars or so!

[coins101]

Next, I would remind everyone, who does not live in UK - the macro economic environment has already benefited from the BREXIT vote.

For 7 years, the government has been circulating misleading economic data to the voters.

Within 7 days of BREXIT vote, George Osborne has already jettisoned some of this misleading economic data e.g. there would be budget surplus in 2019.

The actual UK macro economic reality is:

Median Average Salary in 2008 was £27,460

Median Average Salary in 2016 is £27,600.

Inflation has averaged 1.5% for the same time period.

In real terms, the Median Average Salary should be: £30,500.

This is in "real terms" a 11% deterioration governments tax revenues.

Because the overall tax take, from direct and indirect taxes is around 40%, the deterioration Median Average Salaries represents an ongoing and persistent cause for national Budget Deficits.

Therefore, there was never any possibility of Budget Surplus in 2019, even when the chancellor got up and announced it a few years ago.

As the English would say: "it was pie in sky" (nonsense).

Too get another, Budget Surplus, in the future or more importantly prevent a further deterioration, the UK needs wage inflation matching the inflation rate.

Reducing immigration will produce wage inflation and guarantee current governmental expenditures on social, military and infrastructure programs is maintained.  

BREXIT was the only game, that could stabilise or halt the deterioration in "real terms" declines in governmental revenues.

Meaningless when the backdrop is a major finacial shock.

Wage inflation was happening anyway because the minimum wage went up by 7.5% from April this year.

Now financial services which account for 25% of GDP and bank roll the work shy are being threatened by loss of passporting rights, with Paris and Frankfurt which are seeing an opportunity to steal trade from London.

Brexit negotiations will not happen. As soon as the UK gives official notice to quit Europe, there will be a wall of silence for 2 years until the UK drops out.

The City is the gateway to Europe. Soon London is going to be gateway to Grimsby. Let's hope fishing can replace the City of London.

[thevictimofuktyranny]

Point one you said "Meaningless when the backdrop is a major finacial shock"

IN MACRO ECONOMICS, A FINANCIAL SHOCK HAS TO EXIST FOR MORE THAN 1 QUARTER.

You simply made this claim up, because you thought it sounded impressive. 

[crysx]

In all seriousness, we can take the rug from under the DASH dream with a Bitcoin paid node model. Let's not let that slip away.

Amen. Gonna short DASH when SNs arrive  

JK, would rather just go all in on SPR at that point.

BTW I received my desktop computer, but unfortunately don't have access to everything bc the guy who gave it to me lost the Admin password for windows. Is there a way to reboot the computer from an Ubuntu build or something (I'd rather not pay for another Windows key) and then set up the SPR miner?

yes to both ...

most linux distros have live noot from cd / dvd . usb or the like ... but easier to just buy a small sdd ( like a 120gb kingston v300 - very cheap now ) and just install a fresh copy of linux ...


#crysx

Oh, cool that's a pretty simple solution. I'll get the one you recommended - it looks like it's only 40 dollars or so!

yup ...

and its quite fast ...

as long as you dont flood the drive with rubbish - there is more than enough room for the os and all the software you need to compile and run ...

i use fedora 23 x64 - but thats because im a redhat guy ...

you can make it dual boot if you really want to keep it later on ...

#crysx

[thevictimofuktyranny]

Point two you said "Wage inflation was happening anyway because the minimum wage went up by 7.5% from April this year"

The Median Average Salary was £27,480 in 2008 and it is £27,600 in 2016. According to inflation calculations is should be £30,500 in 2016.

You simply have not read original post

[thevictimofuktyranny]

Point three you said "Now financial services which account for 25% of GDP"

The Financial Service Sector is about 13-14% of the UK economy

You simply quote an incorrect figure here

This UK economy has successfully operated (in the past) and had much better GDP growth when the Financial Sector was smaller 8%, 10%, 12%, etc.

It can be argued: economies with smaller Financial Sector deliver better GDP growth, than economies with oversized Financial Sectors

This is because, economies with oversized Financial Sectors have high levels of speculative pumps and dumps. Equally, it produces an over emphasis in short-term share and bond yields, which hampers business and entrepreneurial efforts 

[thevictimofuktyranny]

Point four you said "bank roll the work shy are being threatened by loss of passporting rights,"

This is clearly not macro economic argument, but merely an argument based on prejudices.

As they say: each person has their own unique and personalised self-motivational bigotries
 

[thevictimofuktyranny]

Point five you said "Paris and Frankfurt which are seeing an opportunity to steal trade from London"

Fraternity is: "the rights of competitor to compete in an environment free of murder, torture, drugging, harassment, theft".

Even though the EU does not adhere to principles of "Fraternity".

Those centres have been competing with the UK for decades, they are not stealing anything, but merely continuing their competition

[thevictimofuktyranny]

Point six you said "Brexit negotiations will not happen. As soon as the UK gives official notice to quit Europe, there will be a wall of silence for 2 years until the UK drops out"

The UK has a Net Trade Deficit with EU of £6-£10 billion each month or around £72-£120 billion per annum (it goes up down all the time).

Simply put: where there to be no BREXIT negotiations, everything defaults to WTO tariff taxation of 10%.

Naturally, this would generate extra tax receipts revenue of £6-£10 per annum, when combined with WTO Tariff Rebate Scheme for major UK exporters to EU, which means UK goods would not become more expensive to EU consumers. 

[thevictimofuktyranny]

Point seven you said "The City is the gateway to Europe. Soon London is going to be gateway to Grimsby. Let's hope fishing can replace the City of London."

Before, the UK joined the EU in 1975, fishing was a major part of UK economy and it also contained large numbers of jobs in secondary support industries.

When Fishing went into decline, the UK's ship-building sector went into decline. Therefore, the total losses have been much greater than immediate losses in the Fishing Sector.  

These were well paid jobs, where nicely distributed outside London and Southeast.

If, the Fishing Sector could recover to somewhere near it's pre-EU size, it would be very helpful in re-balancing the economy and yielding better economic performance in Northern England and Scotland.

There could, also, be indirect recovery in shipbuilding sector in the UK.





 

[thevictimofuktyranny]

Getting Back Onto Topic:

I was looking on: http://coinmarketcap.com/

Although, Spreadcoin is found under a search function.

It does not show up on the 2nd page as the 170 biggest Alt Coin, in terms of Market Capitalisation.

Perhaps, someone could email them, to get it to show up automatically on the 2nd page, because it will not show up on the "Trending" page either, when there is a big rise in price.

[coins101]

Point seven you said "The City is the gateway to Europe. Soon London is going to be gateway to Grimsby. Let's hope fishing can replace the City of London."

Before, the UK joined the EU in 1975, fishing was a major part of UK economy and it also contained large numbers of jobs in secondary support industries.

When Fishing went into decline, the UK's ship-building sector went into decline. Therefore, the total losses have been much greater than immediate losses in the Fishing Sector.  

These were well paid jobs, where nicely distributed outside London and Southeast.

If, the Fishing Sector could recover to somewhere near it's pre-EU size, it would be very helpful in re-balancing the economy and yielding better economic performance in Northern England and Scotland.

There could, also, be indirect recovery in shipbuilding sector in the UK.


 

I like your optimism, but from my window I've already lost £200k in asset value following Brexit. Project Fear has already turned to Project Fact.

The Leave without a plan camp are stabbing each other in the back and their promises have already been shown to be fairy tales.

Still, if Georgem releases working ServiceNodes I'll call it quits.

[thevictimofuktyranny]

Point seven you said "The City is the gateway to Europe. Soon London is going to be gateway to Grimsby. Let's hope fishing can replace the City of London."

Before, the UK joined the EU in 1975, fishing was a major part of UK economy and it also contained large numbers of jobs in secondary support industries.

When Fishing went into decline, the UK's ship-building sector went into decline. Therefore, the total losses have been much greater than immediate losses in the Fishing Sector.  

These were well paid jobs, where nicely distributed outside London and Southeast.

If, the Fishing Sector could recover to somewhere near it's pre-EU size, it would be very helpful in re-balancing the economy and yielding better economic performance in Northern England and Scotland.

There could, also, be indirect recovery in shipbuilding sector in the UK.


 

I like your optimism, but from my window I've already lost £200k in asset value following Brexit. Project Fear has already turned to Project Fact.

The Leave without a plan camp are stabbing each other in the back and their promises have already been shown to be fairy tales.

Still, if Georgem releases working ServiceNodes I'll call it quits.

What you are taking about the is the Opinion Poll companies in the UK getting it wrong.

From what I understand: they were all re-weighting their samples to show the "Remain" campaign lead, when a lot of raw data was showing the "Leave" campaign was in the lead.

I understand, people doing volatile investments and political gamblers relying on those Opinion Polls lost a lot of money on the outcome of the referendum.

I've got family relations: who lost £20,000 on the 2015 General Election, because (AGAIN) they used the UK Opinion Polls, whose forecasts were wrong.

I don't gamble, myself

When doing volatile investments or political bets, relying on UK Opinion Poll companies is becoming a one way ticket to losing lots of money.

[MrZillion]

London is a financial capital of the world and will stay so.

Launch the Service Nodes and sell it as a FinTech instrument (which it is).

Rather sooner than later though, timing is everything 

[georgem]

I like how diverse everybody's opinions about the brexit are.

I will give my own another time, right now I'm too occupied with coding. 

[sirazimuth]

Point one you said "Meaningless when the backdrop is a major finacial shock"

IN MACRO ECONOMICS, A FINANCIAL SHOCK HAS TO EXIST FOR MORE THAN 1 QUARTER.

You simply made this claim up, because you thought it sounded impressive. 

Point two you said "Wage inflation was happening anyway because the minimum wage went up by 7.5% from April this year"

The Median Average Salary was £27,480 in 2008 and it is £27,600 in 2016. According to inflation calculations is should be £30,500 in 2016.

You simply have not read original post

Point three you said "Now financial services which account for 25% of GDP"

The Financial Service Sector is about 13-14% of the UK economy

You simply quote an incorrect figure here

This UK economy has successfully operated (in the past) and had much better GDP growth when the Financial Sector was smaller 8%, 10%, 12%, etc.

It can be argued: economies with smaller Financial Sector deliver better GDP growth, than economies with oversized Financial Sectors

This is because, economies with oversized Financial Sectors have high levels of speculative pumps and dumps. Equally, it produces an over emphasis in short-term share and bond yields, which hampers business and entrepreneurial efforts 

Point four you said "bank roll the work shy are being threatened by loss of passporting rights,"

This is clearly not macro economic argument, but merely an argument based on prejudices.

As they say: each person has their own unique and personalised self-motivational bigotries

Point five you said "Paris and Frankfurt which are seeing an opportunity to steal trade from London"

Fraternity is: "the rights of competitor to compete in an environment free of murder, torture, drugging, harassment, theft".

Even though the EU does not adhere to principles of "Fraternity".

Those centres have been competing with the UK for decades, they are not stealing anything, but merely continuing their competition

Point six you said "Brexit negotiations will not happen. As soon as the UK gives official notice to quit Europe, there will be a wall of silence for 2 years until the UK drops out"

The UK has a Net Trade Deficit with EU of £6-£10 billion each month or around £72-£120 billion per annum (it goes up down all the time).

Simply put: where there to be no BREXIT negotiations, everything defaults to WTO tariff taxation of 10%.

Naturally, this would generate extra tax receipts revenue of £6-£10 per annum, when combined with WTO Tariff Rebate Scheme for major UK exporters to EU, which means UK goods would not become more expensive to EU consumers.

Point seven you said "The City is the gateway to Europe. Soon London is going to be gateway to Grimsby. Let's hope fishing can replace the City of London."

Before, the UK joined the EU in 1975, fishing was a major part of UK economy and it also contained large numbers of jobs in secondary support industries.

When Fishing went into decline, the UK's ship-building sector went into decline. Therefore, the total losses have been much greater than immediate losses in the Fishing Sector. 

These were well paid jobs, where nicely distributed outside London and Southeast.

If, the Fishing Sector could recover to somewhere near it's pre-EU size, it would be very helpful in re-balancing the economy and yielding better economic performance in Northern England and Scotland.

There could, also, be indirect recovery in shipbuilding sector in the UK.

 i'll go out on a limb here and say you voted "Leave" 

[rhinomonkey]

I like how diverse everybody's opinions about the brexit are.

I will give my own another time, right now I'm too occupied with coding. 

Read as: ANARCHY! 

[georgem]

Read as: ANARCHY! 

Yep, that's my second favorite word, right after FREEDOM!

BTW, here's some wisdom that popped into my mind while thinking about decentralization:

Centralization makes abuse of power easier,
while decentralization makes freedom easier.