hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 18, 2019, 12:55:36 PM |
|
The Fed is rushing 53 billion dollars of liquidity into the financial system.
Markets were caught in a "perfect storm" on Tuesday, forcing the U.S. Federal Reserve to intervene for the first time in ten years. This is the kind of emergency response that brings back bad memories, those of the 2008 financial crisis. The US Federal Reserve (Fed, central bank) was forced to inject $53 billion (€48 billion) of liquidity into the financial system on Tuesday morning to contain the level of interest rates on the repurchase market.
This market allows cash-strapped institutions to find the funds they need to spend the night, by temporarily selling securities in exchange, most often treasury bills. Repurchase operations are low-risk and are financed at rates that are expected to move in the same direction as those of the Fed, within a range of between 2% and 2.25%.
But these repo rates have tightened sharply, reaching 6% on Monday afternoon and 10% on Tuesday morning. Financial markets have been caught in what the Financial Times calls a "perfect storm", forcing the Fed to intervene for the first time in ten years. Clearly, there was no longer any money at a reasonable price and the Central Bank of New York had to make 75 billion dollars of liquidity available urgently (53 billion dollars were consumed). There are many explanations: first, American companies had to pay their taxes on September 15, which reduced the amount of dollars available. Then, the U.S. Treasury, whose deficits are soaring, held auctions that were supposed to be settled on Monday for $78 billion, and the banks, by subscribing to them, had to consume their reserves in dollars. Finally, the same Treasury had an extremely low level of reserves with the Fed ($184 billion on September 11, compared to an average of $400 billion since 2015) and it would have been tempted to increase the level of its bank account after the debt ceiling was raised by Congress.
This would explain the crisis. According to a source close to the central bankers, it is assured that this is a technical problem and that there are no hidden wolves. Rates had returned to their normal level on Tuesday afternoon. Nevertheless, the case raises concerns, as the Fed closes its two-day meetings on Wednesday, September 18. A debate is starting to take place as to whether there is enough liquidity in the financial system.
Since the 2008 crisis, the Monetary Institution had bought the banks' claims (the famous quantitative easing) to maintain liquidity in the markets, but it has since reversed its course and reduced the number of securities in its portfolio. As a result, banks have less cash reserves available from the Fed (USD 1,300 billion compared to USD 2,900 billion in 2014), making them more vulnerable to a sudden need for liquidity. Interventions of this type were frequent before the 2008 crisis," says French economist Thomas Philippon, a professor at New York University.
Finally, the Financial Times explores a final possibility, that of the recent ups and downs on the black gold market that could have created a market effect. In addition, there is the problem of Saudi Arabia, the kingdom being partially deprived of dollar revenues with the temporary paralysis of its oil installations. To meet its expenses, Riyadh could have drawn on its dollar reserves.
In any case, the case shows the nervousness of the financial markets despite the accommodating policy of the central banks.
Let us look at it positively, these 53 billion will most probably be squandered in the crypto world BSV - CLOAK - CROWN and others...
Pls be serious - there is no reason why that should happen at all.
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
ðºÞæ
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1176
Merit: 297
Bitcoin © Maximalist
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 18, 2019, 01:35:05 PM |
|
^ oh they're scared of Libra? that's hilarious. we aren't lol. it's a shitcoin. like bsv
Every private company in the past creating money was shut down sooner or later. Are you aware of any special privileges which differences FB from other private company's. Secondary as you need gov ID for wallet who exactly is verifying Mark on top of this pyramid scheme has friends, you or is he god and does not need verifying? This is not even close to be shitcoin its a flat out scam one person can see everything you do, you can not see anything he is doing. Liberty Reserve was operating for over 11 years had over a million costumers and was centralized, but more decentralized then any cryptocoin today and it was closed.
|
"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling." Satoshi Nakamoto, April 2009 Avoiding taxes is totally legal if you consider and respect the law.
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 18, 2019, 05:34:57 PM |
|
Pls be serious - there is no reason why that should happen at all.
if we no longer have the right to dream, then where the world is going You decided to not go the path of a philosopher. U will not find the truth if u believe into dreams
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
ðºÞæ
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1176
Merit: 297
Bitcoin © Maximalist
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 19, 2019, 08:47:06 AM |
|
"People are not relevant too much?" Looks like you guys are trying to distance yourselves from Calvin and Craig. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Looks like the tech has issues chief......might want to speak to the "devs". Nice scam, make a wallet that doesn't allow withdrawals thats one way to burn coins out of the exchanges. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) There is always the option of boycott, other wallets exist, like https://simply.cash/If major issues WeiBlock.app would be full of complaints
|
"The existing Visa credit card network processes about 15 million Internet purchases per day worldwide. Bitcoin can already scale much larger than that with existing hardware for a fraction of the cost. It never really hits a scale ceiling." Satoshi Nakamoto, April 2009 Avoiding taxes is totally legal if you consider and respect the law.
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 19, 2019, 09:08:00 AM |
|
"People are not relevant too much?" Looks like you guys are trying to distance yourselves from Calvin and Craig. ![Grin](https://bitcointalk.org/Smileys/default/grin.gif) Looks like the tech has issues chief......might want to speak to the "devs". Nice scam, make a wallet that doesn't allow withdrawals thats one way to burn coins out of the exchanges. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) There is always the option of boycott, other wallets exist, like https://simply.cash/If major issues WeiBlock.app would be full of complaints . aaand it s very easy to distinguish trolls from constructive critics ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 19, 2019, 11:59:50 AM |
|
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 21, 2019, 06:15:07 AM Last edit: September 21, 2019, 11:34:11 AM by hv_ |
|
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 24, 2019, 08:13:18 AM |
|
^ These are all haters - nothing of substance, rather mob and bash as poor internet allows ![Roll Eyes](https://bitcointalk.org/Smileys/default/rolleyes.gif) Once u Need to pay for trolling - on metanet - there will be not much trolling left
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 24, 2019, 09:25:19 AM |
|
... always the same idoits ... meh Proof that trolls still dominate the crypto space https://coingeek.com/kraken-to-force-a-10-clearance-fee-on-bitcoin-sv-users/lol
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 25, 2019, 05:44:22 AM |
|
Good spotting: Plans for change are pretty much outlined in same tweet https://twitter.com/p_miller_/status/1176667669300334592
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 25, 2019, 09:17:34 AM |
|
You're talking about trolls dominating the crypto space while unironically linking a coingeek article. That's rich. This is pretty much what I think of whenever I heard the name "coingeek": Yesterday, ETC Cooperative Executive Director Bob Summerwill uninvited Core Scientific CTO Kristy-Leigh Minehan to speak at the upcoming ETC Summit over concerns about her professional connections to CoinGeek, an ostensible Bitcoin news source that primarily exists to espouse Bitcoin SV propaganda...
To Summerwill, Minehan’s professional connections are disconcerting. He wrote:
“Craig Wright is a fraud, serial liar and perjurer, and Calvin Ayre is not much better. I cannot have the ETC Cooperative and the ETC Summit associated with such disreputable individuals and companies, so I chose to withdraw my invitation.” Craig has zero. Here's why Calvin doesn't throw more hash power at SV, its already embarrassingly centralized: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9QQqovG.png&t=665&c=nJvc_kAaEiGsfQ) What metric u have for 'too embarrassingly centralized' LoL u have no - but nice rant ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 25, 2019, 10:54:03 AM |
|
Here's why Calvin doesn't throw more hash power at SV, its already embarrassingly centralized: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9QQqovG.png&t=665&c=nJvc_kAaEiGsfQ) What metric u have for 'too embarrassingly centralized' LoL u have no - but nice rant ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Its simple math: Coingeek owns the clear majority of BSV's hash rate. Coingeek: 41.67% SV Pool: 18.06% Total: 59.73% You're going to have to troll harder next time if you want me to respond any further. Nope - Definition of centralized and decentralized is not given second - u have not provided what that means - I d guess u are about 'risk' ? U ve no clue about risk, evalue it and properly mitigate it - go back to segshit and watch
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
Anarcocapitalista
Jr. Member
Offline
Activity: 53
Merit: 6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 25, 2019, 11:22:41 AM |
|
Here's why Calvin doesn't throw more hash power at SV, its already embarrassingly centralized: ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgur.com%2F9QQqovG.png&t=665&c=nJvc_kAaEiGsfQ) What metric u have for 'too embarrassingly centralized' LoL u have no - but nice rant ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) Its simple math: Coingeek owns the clear majority of BSV's hash rate. Coingeek: 41.67% SV Pool: 18.06% Total: 59.73% You're going to have to troll harder next time if you want me to respond any further. He also owns at least 40% of the BTC hashrate so what’s your point?
|
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 26, 2019, 07:09:40 AM |
|
BSV works great. Original BitCoin it is, feels 2011 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif)
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
crackfoo
Legendary
Offline
Activity: 3514
Merit: 1126
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 26, 2019, 04:14:50 PM |
|
how come the wallet doesn't recognize addresses starting with q??? It used to...
|
ZPOOL - the miners multipool! Support We pay 10 FLUX Parallel Assets (PA) directly to block rewards! Get paid more and faster. No PA fee's or waiting around for them, paid instantly on every block found!
|
|
|
hv_
Legendary
Offline
Activity: 2520
Merit: 1055
Clean Code and Scale
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 26, 2019, 06:03:28 PM |
|
BSV works great. Original BitCoin it is, feels 2011 ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Will soon match 2011 BTC prices at this rate lol Who cares price? We care about use and stability of protocol first. Price might follow . Not really relevant for non ponzi supporters Potential is here https://www.reddit.com/r/bitcoincashSV/comments/d9c2vl/a_nontechnical_explanation_of_the_enormous/
|
Carpe diem - understand the White Paper and mine honest. Fix real world issues: Check out b-vote.com The simple way is the genius way - Satoshi's Rules: humana veris _
|
|
|
Anarcocapitalista
Jr. Member
Offline
Activity: 53
Merit: 6
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
September 27, 2019, 04:02:32 PM |
|
LMAO: Who cares if investors care ?Who cares is the project can earn enough money ? Who cares if the project econimy is sustainable ? Who cares if there are not enough users ? That's called desillusion mode. Are you reading what you are writing?
|
|
|
|
|