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tomandlu

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About tomandlu

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  1. If the lenders are making margin calls, perhaps he thinks it's a tactic to make them back off with an implicit threat to crash the market?
  2. Staying is simple; leaving is complicated. I'm reminded of a discussion I once had, as a new dad, with several mothers. They all supported some form of smacking; I did not. The funny thing was, they ended up arguing with each other rather than me about what sort of smacking was acceptable and under what circumstances... FWIW I'm a reluctant left-wing remainer, but I'm beginning to wonder if we wouldn't be better off crashing out without a deal, and leaving negotiations until afterwards. As things stand, the EU are in a bit of a bind, existentially-speaking. They might find it easier to negotiate once we're out, since currently they're incentivised to keep us in.
  3. Yeah - it's not going to be four-legs good, two-legs bad (although famine and so-on are hardly the exclusive preserve of the hunter-gatherer).
  4. At a guess, it was a slippery slope. It's not like they would have made the transition overnight, irrespective of the pros and cons. Think of it as the processed food option (or, for that matter, two-income households). What you lose is less tangible than what you gain.
  5. The hunter gatherers were effectively driven out of their ranges. Think about what happens to Amazonian tribes when the loggers move in. It doesn't mean that the loggers have a 'better' or healthier lifestyle. "Sapiens" by Harari covers it iirc (a great book btw).
  6. AFAIK it was, in terms of health and leisure hours, the best lifestyle. Agriculture brought with it a load of responsibilities and problems that just hadn't existed before.
  7. tomandlu

    The Bubbly Bitcoin Thread -- Merged Threads

    1 or 2 percentage points above inflation - sure, they'll spend. See what happens at 100% or more (which is what the HODLers are expecting).
  8. tomandlu

    The Bubbly Bitcoin Thread -- Merged Threads

    Store baked beans - not a problem. But if everyone stored money with the expectation that there would be an economy around at the end of it to satisfy all those future claims on other's output, then, Houston... To put it another way, we bitch on here about underfunded pensions, but even funded pensions are a problem if the proportion of retired vs. in work gets too out of whack...
  9. tomandlu

    The Bubbly Bitcoin Thread -- Merged Threads

    There are issues with excessive saving (in the pure sense that you use it), but they are largely emoliated by inflation.
  10. tomandlu

    The Bubbly Bitcoin Thread -- Merged Threads

    Shrug - money saved into an account that promises at least 0% is both an investment and a saving. If it's fixed at 0% it's a saving, and if it can go below zero, it's an investment... Aside from that, I'd say the last decade was a failure of investment allocation (guess where?) rather than of the principle... and I'm on record as thinking that, although a stable currency is the ideal, I'll take mildly inflationary over deflationary any day of the week.
  11. tomandlu

    The Bubbly Bitcoin Thread -- Merged Threads

    Remind me what you plan is? Also, it's worth stressing that BC is pretty much the opposite of invested savings. The HODL strategy is to suck investment out of the economy - just stick it under the mattress and wait for the deflationary demand. BTW is there anywhere you can get the numbers on BC transactions vs BC sitting in wallets for years on end?
  12. tomandlu

    The Bubbly Bitcoin Thread -- Merged Threads

    "Moving at a good pace"? Keep drinking the kool-aid - afaik, and bitcoin aside, not a single viable project has found a use for the blockchain, unless you count crypto-scammers. https://www.theregister.co.uk/2018/11/30/blockchain_study_finds_0_per_cent_success_rate/ As for BC, I remain of the opinion that an inherently deflationary currency cannot work, since HODL becomes the default.
  13. Well, in fairness, if they can get what they want via a raffle, then they're sort-of right. I get it - they're twats, but, as they have minimal responsibility for our current mess, personally, I'd rather reserve my wrath for over-indebted, badly-behaved LLs, plus most past and present incumbents of No. 11.
  14. Aside from the legality, I'm still puzzled as to why this is such a hot-button here. The housing mess has not been caused or contributed to, afaik, by stupid house lotteries.
  15. Aside from the minor point of being illegal, what's wrong with raffling your house if you want to?
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