Who do you think gets the benefit of the freshly printed fiat?
In the central bank cantiollionaire system, there are three classes of citizens:
1) jamie dimons, warren buffets and the like who get access to practically 0 cost lending rates
2) the ~60% of citizens with assets (e.g. stonks, real estate) that get pumped along with the money printer
3) everyone else
What do you think happens to "third class" citizens?
The rules are NOT the same for everyone under the central banking system.
The rules of btc will not change and become a multiple-tier system because of your feelings. Sorry.
I provided evidence (from NY fed) to your burden of proof request.
All one can ask is to have the same rules for everyone. Equal access. No special privileges.No cantillionaires.
If you are a cantiollionaire - good for you.
If you are not a cantiollionaire, then wtf are you defending a clearly corrupt system that further drives inequality and perpetuates cronyism? Is it because you want to be the person distributing freshly printed fiat?
Assuming your well founded intentions are to make the world less inequal via the money printer, the money printer has been proven to do the exact opposite.
If you want to properly critique btc, you can argue that there is a one time cantillon effect until hyperbitcoinization. Then you can get into the discussion of what happens to the people who don't have any. You could discuss UBI or other social systems.
Is it the shitcoin or is it the fact that the economy itself is gone and thus your currency isn't worth anything because nobody is selling things to you?
Yet they just passed BTC's daily transaction volume (regularly) . Like it or not, BCH is about to eat BTC's lunch and good for them. They've earned it.
>This work was supported by the Wellcome Trust, Our Planet Our Health (Livestock, Environment and People - LEAP) [grant number 205212/Z/16/Z]; Cancer Research UK [grant numbers C8211/A19170 and C8211/A29017]; and the UK Medical Research Council [grant number MR/M012190/1]. AP-C is supported by a Cancer Research UK Population Research Fellowship [grant number C60192/A28516] and by the World Cancer Research Fund (WCRF UK), as part of the WCRF International grant programme [grant number 2019/1953].
And cancer research. But you didn't bring that up.
edit: Also not "An arm of WHO", they partner with them cause priorities (public health) are aligned.
I don't get the unhealthy obsession with "unelected" in some people.
A proper -mediocracy- meritocracy (i.e. it's actual skills and qualification that counts) is preferable over any kind of popularity contest. That's not to say the WHO in particular works by this standard, I just find it very irritating if people insist on every position or institution - especially very specialised ones - being subject to elections.
That just doesn't make sense and can have horrifying consequences (see [1] for an example). There are positions (in my example: medical examiners), that simply cannot be adequately filled by laypeople and amateurs. That's not how a complex society works. It's not the middle ages anymore and most professions and many official positions require training, experience, and qualifications.
That's why I don't get the obsession with everyone needing to be "elected" (and by that I assume you mean by the general public, because WHO positions in particular are in fact awarded by elections).
We've banned this account for breaking the site guidelines. This kind of thing isn't allowed here, regardless of how wrong someone is or you feel they are.
If you don't want to be banned, you're welcome to email hn@ycombinator.com and give us reason to believe that you'll follow the rules in the future. They're here: https://news.ycombinator.com/newsguidelines.html.
>Texas supposedly has about 30 GW of wind power capacity
>In reality solar and wind must be coupled with storage in order to act as reliable baseload generation.
The problem is there is no grid scale storage, and neither ERCOT nor any other organization I know of can will solar nor wind into production.
Please note organic fuels:
-provide parts for your computer, smart phone, router
-power your home, and office so you can use above
-keep you cool in the summer and warm in the winter
-transport you on the ground and in the air from A to B
-power the agricultural sector so you don't have to grow all your own food
Unlike you, there are a billion people+ on Earth who do not have access to cheap, and reliable energy.
Those aren't fuels - those are chemicals found in crude oil. You don't burn crude oil in power plants. Burning less coal or natural gas doesn't decrease access to plastics and other organic chemicals.
That there are starving people in africa is not a valid argument for Americans to over eat, likewise the lack of cheap reliable alternatives to fossil fuels in the third world is not a reason for the developed world to also keep burning fossil fuels.
>Those aren't fuels - those are chemicals found in crude oil.
Methane is an organic fuel. Coal is an organic fuel.
>You don't burn crude oil in power plants.
Diesel is how small island nations in the Carribean or Hawaii get their reliable electricity. Diesel is a heavier form of crude. In case you don't believe me here is a primer: https://www.eia.gov/energyexplained/diesel-fuel/.
>That there are starving people in africa is not a valid argument for Americans to over eat, likewise the lack of cheap reliable alternatives to fossil fuels in the third world is not a reason for the developed world to also keep burning fossil fuels.
>lack of cheap reliable alternatives to fossil fuels in the third world is not a reason for the developed world to also keep burning fossil fuels.
What exactly are you saying? You are depriving the poorest billion people of electricity because of your virtue signaling?? This is inhumane.
"Over eat" - who are you to judge what form of electricity use is moral?
Who do you think gets the benefit of the freshly printed fiat?
In the central bank cantiollionaire system, there are three classes of citizens:
1) jamie dimons, warren buffets and the like who get access to practically 0 cost lending rates 2) the ~60% of citizens with assets (e.g. stonks, real estate) that get pumped along with the money printer 3) everyone else
What do you think happens to "third class" citizens?
The rules are NOT the same for everyone under the central banking system.
The rules ARE the same for EVERYONE with BTC.
https://www.newyorkfed.org/medialibrary/media/research/staff...