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About darkmarket

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  1. This seems beyond question at this point. Whether it can even be serviced is debatable. There's a good argument for more attention to be paid to organisations like the IMF at the moment, before they have a much larger role to play in national politics across the globe.
  2. I wouldn't hold my breath for this proposal, it has little technical merit and won't find support from Bitcoin users. I wouldn't stress either when it's forgotten.
  3. Coinfloor should be convenient if you're UK based.
  4. Bitcoin is basically the same as it always has been, the network being attacked by spam transactions is nothing new. The work on smart contracts based on formal programming for a secure environment continues. The scaling debate is only a problem for people who only ever wanted a get-rich-quick scheme, most of whom moved over to Ethereum and created a huge bubble without addressing the key underlying weaknesses. Good luck creating secure smart contracts written in Solidity with PoS consensus even Vitalik doesn't believe in.
  5. This is much like Changetip, which recently closed due to a lack of users and engagement. The decision to move their entire business over to Litecoin, which has Segwit but a less secure consensus algorithm and only escapes network congestion due to not being used, shows poor judgement. They'd be better off contributing to lightning network development until they have a viable business model. Being Turing-complete, Use cases have never been an issue for Ethereum. The problems are security and centralisation. At least your comment makes it clear your intention is to shill for your eth investment with your zero-sum vision.
  6. The market, and common sense, view is that tightening is now less likely. Along with today's wage figures, another excuse for Carney not to budge on UK rates. It'll be interesting to see how Yellen responds to the developments with Trump - she seems intent on finding a justification regardless, but whether that makes the dollar cheap is another thing. Whether any of her new-found hawkishness will rub off on the BoE remains to be seen, but I'd be very surprised. The derivatives figure is in one sense meaningless, in theory they could all cancel each other out. Thanks to the transparency that makes for a well-functioning market though, we have absolutely no idea. I'd bet there's a strong tendency towards bullishness on junk debt, but it'd be exactly that, gambling in the dark.
  7. Good spot, should keep an eye on that more often.
  8. Behind the curve already with only a single voice dissenting from Carney's autocratic regime. Nevertheless, it's true that this is inflation is unusual and doesn't indicate a recovering economy whatsoever. In the short-term, it's the worst of all worlds for renter-savers, with the only silver lining being that it nicely contextualises falling house prices from nominal drops to a real-terms crisis.
  9. I'm curious to see how it plays out, and quite persuaded by the @durhamborn take on future events. QE is already in full flow, interest rates have no room to go down - that final 0.25% off wouldn't change much. The best explanation for the election timing is still the seats that would have been up for election following the exposure of the illegality in the Conservative's last campaign. That would have put their majority at risk. But as you say, it's fortunate for them in that the worst is still to come and won't arrive until after this election. And unfortunately there'll be no Andrew Tyrie in the new parliament, one of the few competent members there.
  10. Excellent news. Together with this morning's inflation data, the BoE, BTLers and holders of junk mortgages are all in a pickle. Interesting timing just before a general election too.
  11. My sense is Westminster decision-makers are so isolated from the issues and focussed on their individual careers, they simply don't care. Even if they did, very few of them would have the ability to do anything about it, even fewer would have incentives aligned to interests beyond a small pocket of the financial services industry. The BoE is a good example of these issues, Parliament even more so. I'd be about as optimistic as @interestrateripoff regarding orderly deleveraging.
  12. It seems voting Conservative has required an increasing amount of misguided aspirational delusion over the years, by this point the % of their voters who actually gain from their policies is an embarrassment to the entire UK. Whether that justifies contributing to a Labour mandate is another thing, but I wouldn't blame anyone but the most influential and well-connected financial services provider for considering the possibility. This seems related. Maybe scepticism has the best of us, strange times in the BoE thread indeed.
  13. Telegraph leading with "Jeremy Corbyn's £90billion spending spree that will cost every family £4,000." No mention of Carney's commitment to continue his £435billion + £10billion of corporate bonds spending spree. Either way you cut it, you lose.
  14. Exactly, no mention of the central bank / treasury policies that are adopted across the world and are the real problem. Limiting home purchases to citizens or residents is meaningless when citizenship is for sale anyway. This piece is just idiotic populism.
  15. This. It's not just that it's the entire economy built on these foundations of sand, the deception required to maintain the lies, the wilful ignorance required to believe them. For what it's worth, I think in the current circumstances the ROI on stimulus renders it next to impossible. Faced with greater decline, that may change, but the ROI won't get any better and that'll show up in the laundry sooner rather than later. It's always been inevitable but now it's imminent.