So he would retire once his kids were grown & out of the house.
482 karma · joined October 7, 2017
Look at the risks involved in having central banks as the final counterparty for all our government's fiat monies: [0]. This is why increasingly companies, banks, pension and insurance funds, and governments are turning to it a a pristine global digital collateral with no counterparty risk.
“The key question facing Bitcoin nearing the onset of 2022 is whether it’s peaking or simply a consolidating bull market,” wrote a recent Blomberg Intelligence report[1]. “We believe it’s the latter, and see the benchmark crypto well on its way to becoming global digital collateral in a world going that way.”
[0] Consider the multiple hyperinflation disasters of the 20th century, I.e., the century of central banks. https://wtfhappenedin1971home.files.wordpress.com/2020/01/do...
[1] https://assets.bbhub.io/professional/sites/10/1489771_Crypto...
> Yes there is. Typically money is legal tender ...
Parent comment was right, subjective value thesis says people will value things (including money) differently.
And legal tender laws are only "typical" of government coercion in the central bank era, basically the past century or so. Prior to that the king or the local sovereign may have required taxes paid in his coin, but multiple monies circulated and people freely chose which ones to spend, save, accept, or not.
That has caused resistance among friends I know, who say that its not a real vaccine, since vaccines give you a small dose of a live virus to trigger one's immune response. Perhaps the mRNA injections should have used a different name to clear misconceptions.
https://oilmanmagazine.com/how-and-why-natural-gas-flaring-i...
https://www.reuters.com/business/sustainable-business/oil-dr...
Part of the key is that when there's an increase in power demand in a grid, they usually have to use more expensive sources of power, but if they can temporarily shut off their bitcoin mining to meet demand spikes, they can more efficiently manage their network load.
https://www.coindesk.com/policy/2021/10/11/bitcoin-mining-is...
https://www.cnbc.com/2021/12/04/bitcoin-miners-say-theyre-fi...
https://bitcoinmagazine.com/business/bitcoin-mining-fits-tex...
I don't know a lot about energy grids, and would love to hear from someone who does, but it sounds like bitcoin is a new technology that could provide incredible efficiencies to electricity grids' ability to balance their loads and supply consumers with greener energy overall.
For example, under the gold standard (1870s until 1913), the US saw gradual price deflation, meaning people expected their money to gradually grow in purchasing power, yet (amazingly) the economy grew! Turns out deflation isn't bad, even thought it may look like a ponzi to those who don't understand it.
One just has to be willing to look at the facts rather than repeating environmentalist characterizations of bitcoin technology as bad.
That's exactly why any large values of bitcoin ought to be stored in multisignature wallets, 3-of-5 offering pretty robust resilience to loosing a key or two. In that case, you need three different signatures to move any money, so no single click accidental failures. Time locking funds can also prevent user mistakes, as no one can move the coins until the lock time is reached on-chain.
On top of my disappointment, they criticized me for having written "Legos" and told me that their products should be called Lego bricks or Lego toys... great way to give an elementary-aged boy a poor impression of Lego's customer relations.
Serious war may look different from the past of nation-state wars. We're living through the emergence of network states. Given how the Internet enables non-tangible property (I.e., domain names that one can use to build businesses, associations, non-profits; bitcoin, Ethereum, and other crypto-projects) through communications protocols and cryptographic mathematics, its no longer necessary to wage physical war to gain an advantage. Thus we see a massive rise in persistent threat actors, which could be world war three already happening, but we don't recognize it yet because we're used to observing nation-state wars, not network state wars. Perhaps the modern age of nation state dominance ran from the Peace of Westphalia to 1989, the fall of the Berlin Wall and the design of the World-Wide-Web by Berners-Lee.
That's a historic misinterpretation of biblical teaching on the place of people on the world. Genesis 1 gives humanity dominion over the creation, but given that Genesis 2 parallels that command with the twin verbs, "tend and keep" (or sometimes "guard and defend"), the idea can't permit wanton destruction[1]. Rather, humans, made in the image of God the King, have a royal calling to work for the flourishing of life in all the earth.
We're called, not to do as we please, but to do what pleases the Creator. Thus, Proverbs speaks of the tender mercy of a righteous person towards his or her animals, and contrasts it with the cruelty of the wicked. Deuteronomy's rules for warfare forbid destroying fruit trees, for they're the means of sustaining life.
Historically speaking, many of the evangelical Christians who joined Wilberforce to campaign against British slavery also started the first humaine societies, anti-child-labor groups, and the first women's rights organizations.
The Bible calls humanity to compassionate care for all life, including plants, animals and unborn humans.
[1] Lynn White's essay, The Historical Roots of Our Ecological Crisis (1967. Science 155: 1203-1207), contributed to this idea that Christianity caused our ecological crisis. However, Francis Schaeffer's 1970 book in responce to White's essay, Pollution and the Death of Man, explains the Bible's actual teaching on humanity's calling to steward creation for God's glory.
Does anyone know of socioeconomic studies that look for correlations between family stability/duration and rates of speech/language pathologies?