Jackmc1047

In a competitive market government should treat everyone equally by the same rules. Big banks do not exist in a competitive market as they are heavily shielded from competition, protected from failure, and massively subsidized by the government. As such they should be required to adhere to far more stringent rules.

I do agree that those rules should be transparent and not "unwritten" though.

Your comment is simply saying: contrast people who participated in the real estate bubble with responsible people who did not. I agree that the second group suffered because of the first and that this is unjust. Whether we can expect people generally to not participate in market manias to avoid such a predicament, is another question.

The problem wasn't so much that people took/were given loans they couldn't afford. Default rates fell for many years along with lending standards (not requiring a job, assets, or income for a loan became common). Continuous rapidly rising home prices kept defaults low. Believing home prices would always rise (at some minimum rate) made it rational for borrowers and lenders engage in this behavior.

To argue they were being irrational, you'd have to show that it was irrational for them to believe in the myth that this trend would never end, which is tantamount to expecting markets to not experience manias or bubbles.

It would be great to see the long term results as compared to buying less risky assets, like treasuries. It's not a question of whether the market's returns are positive over the long run, but whether they are positive enough to justify the additional risk.

You may find it interesting that BillGuard is developing a new anti-fraud feature that (I believe) compares your phone's location to where your cards are used.

I think it's about 70mg per cup.

What is it that you don't like about Bitcoin? What do you want to do with Bitcoin that you're currently not able to do? Or do you simply have concerns with its security?

You say that "Bitcoin['s] price growth made it more popular."

I guess my issue is what you mean by that. When people see Bitcoin's price shoot through the ceiling, I totally agree that it attracts them to speculating on the currency, further exacerbating the increase in price, causing an exponential shape.

It is not clear that its price increase would attract people to using Bitcoin as a currency and not speculation though. I consistently hear about the importance of a currency having a relatively stable value so I wonder if large, rapid price changes actually discourage using Bitcoin as an actual currency while encouraging its use for speculation (or at least not encouraging its use as a currency).

It would not make sense for anything that has independent utilitarian value to have anything but a growth rate that is correlated with that value. It would seem that exponential deviations from such a growth rate could only be due to speculative mania. If people are only or mostly buying Bitcoin because its price has increased, hoping for a further price increase, then there is only so high the price can go before collapsing.

Rereading your comment, maybe we're actually saying the same thing here.

Thank you. This appears very obvious now.

Your life is not a joke. You've sacrificed tremendously to help someone who doesn't even seem to appreciate it. Your desire to sacrifice repeatedly for someone else is incredibly meaningful and rare - and such actions are far from mistakes. Empathy and compassion are the essence of meaning and you have an incredible ability to provide this love even when it is not reciprocated. Someone who lives this way could never be a joke.

You deserve happiness and you deserve to have your tremendous compassion recognized and returned in kind. I hope you will be able to put yourself in an environment that is free of negative individuals, because anyone lucky enough to be exposed to your tremendous selflessness could not help themselves but to respond with love and appreciation.