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The metaverse and crypto

Scheduled Pinned Locked Moved The Lounge
cryptography
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  • L Offline
    L Offline
    Lost User
    wrote on last edited by
    #1

    In kindergarten, we had a pretend store where you could buy imaginary things with cardboard coins.

    "Before entering on an understanding, I have meditated for a long time, and have foreseen what might happen. It is not genius which reveals to me suddenly, secretly, what I have to say or to do in a circumstance unexpected by other people; it is reflection, it is meditation." - Napoleon I

    Mike HankeyM D L C 4 Replies Last reply
    0
    • L Lost User

      In kindergarten, we had a pretend store where you could buy imaginary things with cardboard coins.

      "Before entering on an understanding, I have meditated for a long time, and have foreseen what might happen. It is not genius which reveals to me suddenly, secretly, what I have to say or to do in a circumstance unexpected by other people; it is reflection, it is meditation." - Napoleon I

      Mike HankeyM Offline
      Mike HankeyM Offline
      Mike Hankey
      wrote on last edited by
      #2

      Bet you wish you would have saved them now!

      The most expensive tool is a cheap tool. Gareth Branwyn JaxCoder.com

      J 1 Reply Last reply
      0
      • Mike HankeyM Mike Hankey

        Bet you wish you would have saved them now!

        The most expensive tool is a cheap tool. Gareth Branwyn JaxCoder.com

        J Offline
        J Offline
        janta hu
        wrote on last edited by
        #3

        Thank you for sharing... panorama charter com 19216811.bid

        1 Reply Last reply
        0
        • L Lost User

          In kindergarten, we had a pretend store where you could buy imaginary things with cardboard coins.

          "Before entering on an understanding, I have meditated for a long time, and have foreseen what might happen. It is not genius which reveals to me suddenly, secretly, what I have to say or to do in a circumstance unexpected by other people; it is reflection, it is meditation." - Napoleon I

          D Offline
          D Offline
          DRHuff
          wrote on last edited by
          #4

          A computer generated pile of cash. At least our governments would never just make up money like that…

          If you can't laugh at yourself - ask me and I will do it for you.

          Greg UtasG 1 Reply Last reply
          0
          • D DRHuff

            A computer generated pile of cash. At least our governments would never just make up money like that…

            If you can't laugh at yourself - ask me and I will do it for you.

            Greg UtasG Offline
            Greg UtasG Offline
            Greg Utas
            wrote on last edited by
            #5

            Our governments, unless you live in a banana republic where the government just prints money, don't make up money like that. Our central banks do it, but usually indirectly. It's actually our banks that create money when they originate loans. Every currency unit on deposit generates, say, 10 to 20 currency units in loans. It's a question of how leveraged they dare to be. It used to be Swiss law that the principals of a bank were liable, to the full extent of their personal wealth, if the bank went under. Today, banks have little risk. They'll get bailed out by the central bank. And in the last decade, most countries have made it legal for banks to keep your money if they become insolvent and need to be recapitalized. Once your deposit your money, you're an unsecured creditor of the bank. For many years now, banks have been furiously creating money to buy government bonds, which finance deficit spending. In fact, primary dealers (the term used in the US, but equivalents exist elsewhere) must bid at government bond auctions. It's quid pro quo: if we give you a license to run a top-tier bank, you must buy our debt. This ties in with quantitative easing, where the central bank then buys the government bonds from the primary dealers, who get cash in return, propping up their balance sheets. In the US, the central bank (Fed) isn't allowed to buy government bonds directly. But this intermediate step, of primary dealers buying the bonds and flipping them to the Fed, makes it non-banana republic finance. The whole process was elegantly captured in a cartoon of a bull elephant blowing itself, along the lines of an ouroboros. A magical perpetual motion machine.

            Robust Services Core | Software Techniques for Lemmings | Articles
            The fox knows many things, but the hedgehog knows one big thing.

            <p><a href="https://github.com/GregUtas/robust-services-core/blob/master/README.md">Robust Services Core</a>
            <em>The fox knows many things, but the hedgehog knows one big thing.</em></p>

            1 Reply Last reply
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            • L Lost User

              In kindergarten, we had a pretend store where you could buy imaginary things with cardboard coins.

              "Before entering on an understanding, I have meditated for a long time, and have foreseen what might happen. It is not genius which reveals to me suddenly, secretly, what I have to say or to do in a circumstance unexpected by other people; it is reflection, it is meditation." - Napoleon I

              L Offline
              L Offline
              Lost User
              wrote on last edited by
              #6

              You might wanna review your schtick and learn a bit. :laugh:

              Bastard Programmer from Hell :suss: "If you just follow the bacon Eddy, wherever it leads you, then you won't have to think about politics." -- Some Bell.

              1 Reply Last reply
              0
              • L Lost User

                In kindergarten, we had a pretend store where you could buy imaginary things with cardboard coins.

                "Before entering on an understanding, I have meditated for a long time, and have foreseen what might happen. It is not genius which reveals to me suddenly, secretly, what I have to say or to do in a circumstance unexpected by other people; it is reflection, it is meditation." - Napoleon I

                C Offline
                C Offline
                CryptoApe
                wrote on last edited by
                #7

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