Bitcoin vs. Ben Bernanke - wsj.com

Bitcoin vs. Bernanke - Where is your faith?

submitted by RenegadeMinds to Bitcoin [link] [comments]

WSJ: The Weekend Interview With Gavin Andresen - Bitcoin vs. Ben Bernanke

WSJ: The Weekend Interview With Gavin Andresen - Bitcoin vs. Ben Bernanke submitted by elux to Bitcoin [link] [comments]

[uncensored-r/Bitcoin] Bitcoin prices over 1Y vs Ben Bernanke's chart of a bubble

The following post by pbwarren2001 is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7rj0c0
The original post's content was as follows:
https://imgur.com/qVXMITy
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin vs. Ben Bernanke

submitted by torito85 to startups [link] [comments]

The Weekend Interview With Gavin Andresen: Bitcoin vs. Ben Bernanke

The Weekend Interview With Gavin Andresen: Bitcoin vs. Ben Bernanke submitted by Nakamoto_ to BitcoinBitcoin [link] [comments]

Taxing Sound Money ?

In 1812, the US began taxing gold and silver (sales tax). This is an important event that laid the foundational blocks of transforming gold and silver from 'sound money' to just an 'asset class' / and in doing so they helped promote their money printing machine to fund the 1812 War which led to the Treaty of Ghent. This paper money printer was conveniently picked up by the Federal Reserve in 1913 (and they slapped Gold / Silver with capital gains tax).
We currently pay capital gains tax on Bitcoin. Why pay tax on sound money ? It is highly probable that IRS and Feds would implement a means of enforcing a sales tax on Bitcoin on major exchanges in years to come. The taxation events on Bitcoin will be a move to ensure Bitcoin becomes fundamentally an asset class - this would protect their version of fake 'money' and their printers that are running full steam to enrich the shadowy owners of federal reserve / and enslave the sleeping masses who have failed to unchain themselves from a broken 'money' system.

This issue around 'taxation of sound money' is also echoed by Ron Paul vs. Ben Bernanke in this video :
https://youtu.be/EVyhIGkusnI?t=31
submitted by mqrasi to Bitcoin [link] [comments]

TIL Bitcoin is controlled by central bankers.

Digital Currency Group owns BlockStream which controls Bitcoin Core. The controllers of DCG are old school central bankers which is why Bitcoin is shit now. If you are a bitcoin holder please sell for Bitcoin Cash. Make these people lose all their money plz. (this is a cut and paste from another post on /BTC)
http://dcg.co/who-we-are/#board-members
  1. Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018. Vice-Chairman of Brookings Institue. On advisory board with Ben Bernanke and Hank Paulson.
  2. Barry Silbert: CEO of Digital Currency Group, (funded by Mastercard) who is also an Ex investment Banker at Houlihan Lokey. This is the guy who thought SW2x was a good idea.
  3. Lawrence H. Summers: "Board Advisor" "Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states [a massive FUD campaign that caused Russian citizens to sell their shares in public companies - these shares were purchased by Oligarch bankers with ties to Western Banks], and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act." https://en.wikipedia.org/wiki/Lawrence_Summers
  4. Blythe Masters: "Former executive at JPMorgan Chase.[1] She is currently the CEO of Digital Asset Holdings,[2] a financial technology firm developing distributed ledger technology for wholesale financial services.[3] Masters is widely credited as the creator of the credit default swap as a financial instrument. She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce." https://en.wikipedia.org/wiki/Blythe_Masters
thanks Scott_WWS: https://www.reddit.com/CryptoCurrency/comments/7cdg79/each_side_accuses_the_other_of_being_centralized/
EDIT: Their greed cost the US approx $22 Trillion. This is much bigger than Roger Ver & some miners in China vs Bitcoin Core. What is at stake is the future of the global economy.
EDIT 2:

TL;DR Bitcoin was created in response to the 2008/2009 Global Financial Crisis. Bitcoin (BTC) is now controlled by those who were instrumental in creating the crisis. (By "crisis" I mean theft of billions (trillions?!) of dollars)

submitted by outbackdude to conspiracy [link] [comments]

TIL Blockstream is controlled by ex-JP Morgan, Federal Reserve, Mastercard Banksters. Spread the word.

http://dcg.co/who-we-are/#board-members
  1. Glenn Hutchins: Former Advisor to President Clinton. Hutchins sits on the board of The Federal Reserve Bank of New York, where he was reelected as a Class B director for a three-year term ending December 31, 2018. Vice-Chairman of Brookings Institue. On advisory board with Ben Bernanke and Hank Paulson.
  2. Barry Silbert: CEO of Digital Currency Group, (funded by Mastercard) who is also an Ex investment Banker at Houlihan Lokey. This is the guy who thought SW2x was a good idea.
  3. Lawrence H. Summers: "Board Advisor" "Chief Economist at the World Bank from 1991 to 1993. In 1993, Summers was appointed Undersecretary for International Affairs of the United States Department of the Treasury under the Clinton Administration. In 1995, he was promoted to Deputy Secretary of the Treasury under his long-time political mentor Robert Rubin. In 1999, he succeeded Rubin as Secretary of the Treasury. While working for the Clinton administration Summers played a leading role in the American response to the 1994 economic crisis in Mexico, the 1997 Asian financial crisis, and the Russian financial crisis. He was also influential in the American advised privatization of the economies of the post-Soviet states [a massive FUD campaign that caused Russian citizens to sell their shares in public companies - these shares were purchased by Oligarch bankers with ties to Western Banks], and in the deregulation of the U.S financial system, including the repeal of the Glass-Steagall Act." https://en.wikipedia.org/wiki/Lawrence_Summers
  4. Blythe Masters: "Former executive at JPMorgan Chase.[1] She is currently the CEO of Digital Asset Holdings,[2] a financial technology firm developing distributed ledger technology for wholesale financial services.[3] Masters is widely credited as the creator of the credit default swap as a financial instrument. She is also Chairman of the Governing Board of the Linux Foundation’s open source Hyperledger Project, member of the International Advisory Board of Santander Group, and Advisory Board Member of the US Chamber of Digital Commerce." https://en.wikipedia.org/wiki/Blythe_Masters
thanks Scott_WWS: https://www.reddit.com/CryptoCurrency/comments/7cdg79/each_side_accuses_the_other_of_being_centralized/
EDIT: Their greed cost the US approx $22 Trillion. This is much bigger than Roger Ver & some miners in China vs Bitcoin Core. What is at stake is the future of the global economy.
EDIT 2:

TL;DR Bitcoin was created in response to the 2008/2009 Global Financial Crisis. Bitcoin (BTC) is now controlled by those who were instrumental in creating the crisis. (By "crisis" I mean theft of billions (trillions?!) of dollars)

submitted by outbackdude to btc [link] [comments]

"In the 100 years since the Federal reserve has managed the currency, they have helped manage inflation and debt to allow the US to enter Wars at scales never before imagined."

Link
Whole comment for posterity:
During the 1800's, despite a few recessions and Panics , gold as a currency grew in value decde to decade and wound up worth about twice what it started.
In the 100 years since the Federal reserve has managed the currency, they have helped manage inflation and debt to allow the US to enter Wars at scales never before imagined. Contributed to recessions and a depression every bit as bad or worse as those scary Panics in the 1800s, and closed out the century with the dollar being worth roughly 2% of where it started. With those lofty numbers the US Dollar is by far the most successful centrally managed currency in the world.
Between central control and decentralized I know where I want my money. I can deal with some bumps along the way.
Also, Bitcoin's problems are caused by a group trying to seize central control. Let's not forget that.
As a disclaimer, I'm not going to claim to be an expert in economics, but I did take a few macro and micro classes in college and have spent an unpleasant amount of time discussing economics and political economics with Libertarians (though more of the gold bug variety).
So there's obviously quiet a few claims here, most of which are common to gold/silvebitcoin bugs, but also some unique ones.
During the 1800's, despite a few recessions and Panics , gold as a currency grew in value decde to decade and wound up worth about twice what it started.
I'm going to get to it in a moment, but this really undersells the amount of time spent in a recession prior the founding of the Federal Reserve. Also, this is a classic argument from G/S/B bugs: inflation bad, deflation good. I'm sure economists have a more in depth explanation for this, but here's an ELI5 argument for you:
Scenario: Imagine you have a microwave that is failing, still safe and functional, but it's not working nearly as well as it used to and you would like to replace it. Imagine it costs $50 (to make the numbers easier). Stores don't adjust the prices every day or every month to deal with inflation, so let's say the price of goods only changes once a year (again, for the numbers). Scenario 1. Now imagine you have a 10% rate of deflation per year (again, numbers). So if you put off buying the new microwave for a year, the deflation will mean the microwave will be effectively $5 cheaper. Scenario 2. Imagine, conversely, there is a 10% rate of inflation. If you waited a year the inflation will make the microwave effectively $5 more expensive.
This is (partly) what GSB bugs hate about inflation: it makes your money less valuable as time passes if you aren't using it. But, thinking about it from an economic point of view it encourages people to use their money now, instead of later. Economies depend on spending, deflation discourages spending, therefore deflation bad.
I'm sure there's a more economic way of phrasing "use their money", but what I am referring to is not just purchases, but also investments. If you have $100 in cash in an economy with inflation, that money is becoming worth less and less as it just sits out, which encourages people to make some kind of investment with that money (or atleast put it in a bank account that provides interest, interest collected generally from making some kind of investment). Conversely, in a deflationary economy you don't have to use your money to gain some kind of return, which means people don't have the same financial incentive to invest.
While it is true that inflation is bad for debtors (since you end up paying for both the interest and the inflation), inflation being good for lenders means that it would reasonably be more difficult to get a line of credit in a deflationary economy, which would hurt not just large businesses but also auto/home/small business loans.
In the 100 years since the Federal reserve has managed the currency, they have helped manage inflation and debt to allow the US to enter Wars at scales never before imagined.
lolwut? This is more /badhistory material, but just no. WWI/WWII are not the fault of the Fed or other central banking practices, and neither are the other large number of wars the US has been in since 1913. It is true that for the last ~100 years the US has almost constantly been in a state of conflict, but so has the USSRussia, and The British Empire for the about 130 years they were a superpower. Maybe being a superpower lends your country to being in a lot of wars and conflicts to maintain that status, I don't know. Maybe that would explain the constant wars and expansions of Rome and the Mongol empires, who knows.
Contributed to recessions and a depression every bit as bad or worse as those scary Panics in the 1800s
Debatable (read: mostly wrong). It is definitely true that the Great Depression was worse than anything that happened prior to 1913, and I recall a member of the Fed since the 40's (Bernanke? I don't recall and I'm too lazy to google) say that Fed policies in the early stages of the GD probably made it worse, but no, the Fed did not cause the GD. Fed policies are also one of two theories for what caused Stagflation, but fuel price spikes were also a thing that happened. I also wouldn't say there has been any notable negative economic events since 1913 other than those two. *
What is worth noting, however, is a quick review of this Wikipedia article about recessions in the US. Major differences in economic records makes direct comparisons impossible, but the differences are significant enough for a loose comparison to be made. The Free Banking period, from 1836 when the Second National Bank lost its charter until 1913 when the Federal Reserve system was created, lasted 77 years and we spent ~34 years in recession. From 1913 to 2013, however, less than 21 years. 44% of time in a recession vs 21%. Further, business activity drop pre-GD peaks at -38% under the Fed with The Depression of 1920-21, but... that's not much worse than the pre-Fed Panic of 1893 at -37%, and the next five list of recessions in that list are all pre-Fed. This is also true of downturn in economic output, worst during the Depression of 1920-21, but not significantly worse than the next listed depression, several of which are pre-Fed. Those two are probably roughly similar to drop in GDP, which peaked at -27% during the GD, but... the next highest is a 13%, which means the GD is really a significant outlier in this regard.
So from a quick review perspective, it seems like a more fair and accurate version of the above would be something like: The Federal Reserve likely contributed to the two notable economic downturns in the US in the 100+ years since its founding, The Great Depression being apparently far worse than economic downturns during the Free Banking period, but we now spend approximately half as much time in recessions, which appear to be generally speaking much less severe.
With those lofty numbers the US Dollar is by far the most successful centrally managed currency in the world.
Uhm, source? By having the Fed being the quasi-independent organization that it is, it is definitely better than central banks where the members are direct appointees of, or otherwise directly answerable, to the Executive (cough Zimbabwe cough), but I don't know where you would get the idea that the Fed is "by far" more successful than any other quasi-independent central bank.
submitted by HumanMilkshake to badeconomics [link] [comments]

Why I'm dumping hundreds of thousands of EUR into BTC instead of stocks, gold, bank deposits or cash

I've been reading up on bitcoin heavily since the wake-up call that was the cyprus banking crises in march 2013. Up to that point I had most of my financial assets in bank deposits, 5% in physical gold, and less than 5% in cash in eur, although we have our own brand of toilet paper: lev (bgn) tied to a fixed exchange rate to eur since 1997 (1 eur = ~ 2BGN). during 1997 bulgaria was going through a huge currency crises with 1 USD reaching 3000 BGN, state pensions going down to $5-10 monthly, salaries of teachers and doctors $20-30 and general mayhem for the 8mil. population at that time as the State was stealing whatever foreign paper currency (usd, deuthche marks mostly) through manipulation of the currency exchange. Since then there has been a currency board established, erasing three zeros from the exchange rate and a newly designed paper money we are still using. The hyperinflation was like a jubilee for all debt holders and a menace for everyone that had savings in local money and not quick enough to convert into other assets. People could by real estate back then for less than $2000-3000 that now easily cost $50-60k!
17 years later, almost a generation later, into 2014 and another crises is looming ahead as we just had 3th (first investment bank) and 4th largest (bulgarian corporate bank) banks going through bank runs, with the 4th totally frozen since june 20th and the 3rd receiving billions in liquidity to contain the run on deposits. Both banks are among the few left among the 30 operating banks with bulgarian owners which are perceived as highly corrupt. Corporate bank had 6.5bil (3.25bil eur) in assets and has been closed for all its clients as more than 4.5bil are supposedly "missing" through suspicious credits to an inner circle of businesses associated with local party mafia rulers and the bank owners themselves - outright criminal ponzi that was backed by the State, as it had deposited money from large energy companies in Corporate bank to keep its capital requirements within the legal threshold. Now the party rulers are pondering the "idea" of covering all deposits through issuing bonds for all citizens to pay through taxes, even those above 100k eur supposedly protected by law, as to "save" it turns out a lot of deputies in the parliament, prosecutors, judges, famous artists, and the general ruling "elite" who have been collecting 8-9% annual interest for the last 10 years through deposits with maturity every 4 months! From here on I expect things are going to deteriorate badly and with an accelerating force as the local rulers seem to be bent over on raping the country financially for saving their own ass, which is to be expected worldwide as centralization always breeds corruption.
After the cyprus bank crises, I started dumping bigger chunks of bank money for larger amounts of gold bullion at once, as a hedge against all the political stupidity that seems inevitable when shtf, guaranteed to happen in the current financial system worldwide. Then the news started gaining steam about the rise of BTC during april and it was the first time I started putting hours a day in reading on the subject of what this fuss about BTC was all about. Few days later I was hooked to BTC like on the hardest drugs available on the market! Still, did not buy any, but started spreading the gospel that is the decentralized nature of crypto to all my friends and through heavy spam on facebook. It took me 2 months before I pumped up my partners to accept BTC in the online businesses that I am a cofounder of, with 3 in the Top 100 by daily traffic and 1 in Top 10 in online commerce by revenue. We were the first major sites in BG (june 2013) to accept BTC and doing some excessive marketing on behalf of BTC through huge onsite ads, special rates for btc payments, special badges ala foursquare for btc users, special and highly attractive subscription packages only available for btc, allowing users with site credits to convert them into btc, putting out blog posts on the subject, giving away bonuses to our employees only in btc and so on. Since accepting BTC we have never converted them back into paper money and keep 100% which turned out to be highly profitable, as we have made 5x the amount just by speculating on the rising price of BTC in contrast to any paper money. We are now going to promote BTC further by giving away BTC to our users for certain tasks and promotions. All of my partners are now invested in btc, buying in btc, building an atm, and very acceptive of whatever initiative that we could put out to further spread btc among our 2.5mil. registered combined user base in a country of 4.5mil. total internet users :-)
Yet, it took me another 4 months in octover 2013 to start buying BTC with my own saved-up money, as I felt highly confident of where I believe BTC is headed, especially after the run on the price thanks to the unlikely culprit ben bernanke's speech in the congress hearing. Ever since then I've been accumulating BTC first by slowly to feel confident of all the security needed to be exercised towards btc long term holdings, then almost daily and now dumping ever larger amounts of fiat paper into btc until I reach a threshold of no more than 25-30% of my assets to be converted into BTC. I've been buying through all the price ups and downs since 10.2013 and am resolved to hold hard for the future no matter the monthly fluctuations. I see BTC as even a greater hedge during turmoil than gold, as BTC can not be stopped by any capital controls, which indians are learning the hard way since their rulers imposed heavy duties on import/export on gold since march 2013.
I'm confident that bitcoin can weather the storms coming its way being upgradable, needing truly global democratic consensus, being deflationary in an ever more inflationary brands of toilet papers, easy to protect from state actors that look up for miniscule reasons to confiscate or put levy on personal wealth, easy to transport and live by on its own as daily more exchanges and businesses are opening up worldwide, gaining more confidence as a store of value and alternative to bank deposits which are easy pray to bank criminality or the unpredictable market forces that can obliterate depositors relying on 3rd party wealth preservation, the best form of payment for the huge knowledge-based economy and workers worldwide that can finally become totally mobile thanks to internet and decentralized money, accelerating remittance opportunities, great store of value in times of ever increasing state authoritarianism under the weight of sovereign debt explosion and rising social promises that need to be backed by real assets and especially people who are ever more mobile and hard to tax to death as internet+bitcoin turns the planet in a highly competitive marketplace for tax-purposes as to what the different offerings of state rulers are. Looking what is heating in the middle east, west vs russia, currency debasement of the world reserve currency worse than during times of world wars, it's not hard to predict than btc has not way to go but up, even if the nsa tries their best to subvert it, the People will find a way to fix it!
submitted by srebrin to Bitcoin [link] [comments]

J.P. Morgan Early Look at the Market – Wed 9.27.17 - **PLEASE DO NOT FORWARD THIS DOCUMENT**

J.P. Morgan Early Look at the Market – Wed 9.27.17
Trading Desk Commentary; For Institutional Investors Only

PLEASE DO NOT FORWARD THIS DOCUMENT

Morning Levels

Trading Update

Top Headlines for Wednesday

US politics – it was a big night of news as Moore wins, healthcare dies, Corker retires, “Establishment” Republicans shutter, Mueller advances, taxes arrive, and more.

Company-specific news update from Tues night 9/26.

Reasons to be optimistic

Reasons to be cautious

Catalysts – big events to watch over the coming months

Full catalyst list

  • Fri Sept 29 – China Caixin manufacturing PMI for Sept (Thurs night/Fri morning)
  • Fri Sept 29 – German jobs numbers for Sept. 3:55amET.
  • Fri Sept 29 – Eurozone CPI for Sept. 5amET.
  • Fri Sept 29 – US personal income/spending for Aug. 8:30amET.
  • Fri Sept 29 – US PCE for Aug. 8:30amET.
  • Fri Sept 29 – Chicago PMI for Sept. 9:45amET.
  • Fri Sept 29 – Michigan Confidence for Sept. 10amET.
  • Fri Sept 29 – Fed speakers: Harker
  • Fri Sept 29 – analyst meetings: CMP
  • Sat Sept 30 – China NBS manufacturing and non-manufacturing PMI for Sept (Fri night/Sat morning)
  • Mon Oct 2 – China mainland markets closed Mon 10/2-Fri 10/6 for the National Day holiday.
  • Mon Oct 2 – Eurozone manufacturing PMI for Sept. 4amET.
  • Mon Oct 2 – Eurozone unemployment rate for Aug. 5amET.
  • Mon Oct 2 – US manufacturing PMI for Sept. 9:45amET.
  • Mon Oct 2 – US manufacturing ISM for Sept. 10amET.
  • Mon Oct 2 – US construction spending for Aug. 10amET.
  • Mon Oct 2 – Fed speakers: Kaplan
  • Tues Oct 3 – Eurozone PPI for Aug. 5amET.
  • Tues Oct 3 – US auto sales for Sept.
  • Tues Oct 3 – analyst meetings: F/Ford (Ford CEO to host strategic update), INTU, SHW
  • Tues Oct 3 – earnings before the open: PAYX, LEN
  • Wed Oct 4 – Eurozone services PMI for Sept. 4amET.
  • Wed Oct 4 – Eurozone retail sales for Aug. 5amET.
  • Wed Oct 4 – RBI rate decision. 5amET.
  • Wed Oct 4 – US ADP jobs report for Sept. 8:15amET.
  • Wed Oct 4 – US services PMI for Sept. 9:45amET.
  • Wed Oct 4 – US non-manufacturing ISM for Sept. 10amET.
  • Wed Oct 4 – Yellen delivers opening remarks at Community Banking conf. 3:15pmET.
  • Wed Oct 4 – analyst meetings: MNK, TTD
  • Wed Oct 4 – earnings before the open: AYI, MON, PEP, RPM
  • Wed Oct 4 – earnings after the close: RECN
  • Thurs Oct 5 – ECB meeting minutes. 7:30amET.
  • Thurs Oct 5 – US factory orders and durable goods for Aug. 10amET.
  • Thurs Oct 5 – Fed speakers: Williams, Harker, George.
  • Thurs Oct 5 – analyst meetings: BKH, CLX, LUK
  • Thurs Oct 5 – earnings before the open: STZ
  • Thurs Oct 5 – earnings after the close: COST, YUMC
  • Fri Oct 6 – German factory orders for Aug. 2amET.
  • Fri Oct 6 – US jobs report for Sept. 8:30amET.
  • Fri Oct 6 – US wholesale inventories/trade sales for Aug. 10amET.
  • Fri Oct 6 – US consumer credit for Aug. 3pmET.
  • Fri Oct 6 – Fed speakers: Bostic, Kaplan, Bullard
  • Sat Oct 7 – China FX reserves for Sept (Fri night/Sat morning)
  • Mon Oct 9 – China Caixin services PMI for Sept (Sun night/Mon morning)
  • Mon Oct 9 – German industrial production for Aug. 2amET.
  • Mon Oct 9 – Columbus Day holiday in the US (equities will be open while fixed income is closed).
  • Tues Oct 10 – German trade balance for Aug. 2amET.
  • Tues Oct 10 – analyst meetings: TECD, Santander, WDAY, WMT
  • Tues Oct 10 – PG shareholder meeting
  • Tues Oct 10 – earnings after the close: CUDA
  • Wed Oct 11 – US JOLTs report for Aug. 10amET.
  • Wed Oct 11 – Fed minutes from the Sept 20 meeting (2pmET).
  • Wed Oct 11 – analyst meetings: KR
  • Wed Oct 11 – earnings before the open: FAST
  • Thurs Oct 12 – Eurozone industrial production for Aug. 5amET.
  • Thurs Oct 12 – US PPI for Sept. 8:30amET.
  • Thurs Oct 12 – analyst meetings: BOX, HPQ
  • Thurs Oct 12 – earnings before the open: C, JPM, Tata Consultancy.
  • Thurs Oct 12 – earnings after the close: EXFO
  • Fri Oct 13 – China imports/exports for Sept (Thurs night/Fri morning)
  • Fri Oct 13 – US CPI for Sept. 8:30amET.
  • Fri Oct 13 – US retail sales for Sept. 8:30amET.
  • Fri Oct 13 – US Michigan Sentiment for Oct. 10amET.
  • Fri Oct 13 – US business inventories for Aug. 10amET.
  • Fri Oct 13 – analyst meetings: SAFM
  • Fri Oct 13 – European trading updates: Man Group
  • Fri Oct 13 – earnings before the open: BAC, PNC, WFC
  • Mon Oct 16 – China CPI/PPI for Sept (Sun night/Mon morning)
  • Mon Oct 16 – Eurozone trade balance for Aug. 5amET.
  • Mon Oct 16 – earnings before the open: SCHW
  • Mon Oct 16 – earnings after the close: NFLX, Rio Tinto
  • Tues Oct 17 – Eurozone Sept auto registrations. 2amET.
  • Tues Oct 17 – German ZEW survey results for Oct. 5amET.
  • Tues Oct 17 – US import prices for Sept. 8:30amET.
  • Tues Oct 17 – US industrial production for Sept. 9:15amET.
  • Tues Oct 17 – US NAHB housing index for Oct. 10amET.
  • Tues Oct 17 – earnings before the open: CMA, CSX, GS, GWW, HOG, JNJ, UNH
  • Tues Oct 17 – earnings after the close: BHP, CP, CREE, IBM
  • Wed Oct 18 – US housing starts for Sept. 8:30amET.
  • Wed Oct 18 – US building permits fro Sept. 8:30amET.
  • Wed Oct 18 – US Beige Book. 2pmET.
  • Wed Oct 18 – earnings before the open: ABT, MTB, USB
  • Wed Oct 18 – earnings after the close: AXP, SLG
  • Thurs Oct 19 – China Q3 GDP and Sept retail sales, IP, and FAI (Wed night/Thurs morning)
  • Thurs Oct 19 – US Leading Index for Sept. 10amET.
  • Thurs Oct 19 – earnings before the open: ADS, BBT, DHR, GPC, KEY, PM, PPG, TRV, TXT, VZ
  • Fri Oct 20 – US existing home sales for Sept. 10amET.
  • Fri Oct 20 – earnings before the open: BHGE, CFG, GE, SLB, STI, SYF.
  • Mon Oct 23 – US Chicago Fed Activity Index for Sept. 8:30amET.
  • Tues Oct 24 – Eurozone flash PMIs for Oct. 4amET.
  • Tues Oct 24 – US flash PMIs for Oct. 9:45amET.
  • Wed Oct 25 – US durable goods for Sept. 8:30amET.
  • Wed Oct 25 – US FHFA home price index for Aug. 9amET.
  • Wed Oct 25 – US new home sales for Sept. 10amET.
  • Thurs Oct 26 – US wholesale inventories for Sept. 8:30amET.
  • Thurs Oct 26 – US advance goods trade balance for Sept. 8:30amET.
  • Thurs Oct 26 – US pending home sales for Sept. 10amET.
  • Fri Oct 27 – US Q3 GDP, personal consumption, and core PCE for Q3. 8:30amET.
  • Fri Oct 27 – US Michigan Confidence numbers for Oct. 10amET.
J.P. Morgan Market Intelligence is a product of the Institutional Equities Sales and Trading desk of J.P. Morgan Securities LLC and the intellectual property thereof. It is not a product of the Research Department and is intended for distribution to institutional and professional customers only and is not intended for retail customer use. It may not be reproduced, redistributed or transmitted, in whole or in part, without J.P. Morgan’s consent. Any unauthorized use is strictly prohibited.
submitted by SIThereAndThere to wallstreetbets [link] [comments]

An Open Letter to the Neo team, Da Hongfei and City of Zion

Hi everyone! Before we begin, this is a long post and I will like to thank everyone who is gracious enough to spend their time and effort in reading. I am writing an open letter to the Neo team, Neo CEO Da Hongfei and the Neo Community team City of Zion in the hopes that they can consider a burning idea that came up in my mind.
Firstly, to introduce myself, I am a huge fan of Neo (hence the nickname). I came to know about Antshares earlier this June and has been following the coin ever since. I believe that Neo has huge potential in bettering people’s lives. However, I also think that the technology is currently some distance away from being able to do that. In the cryptocurrency world where days and weeks feel like months and years, I believe that speed is of the essence and that coins with a first mover advantage in their respective fields will have a distinct advantage over the rest of their competition.
As such, I believe that at status quo, Ethereum, instead of Neo, is poised to become a world leader in terms of smart contracts. Already, they are coming up with the Metropolis and Byzantium updates to their system, and it is not difficult to see that they will continue to upgrade themselves as time goes. With the backing of the Enterprise Ethereum Alliance(EEA), the trajectory of their growth looks to outpace that of Neo. The debate on whether both Ethereum and Neo can co-exist in this space is one that we will save for another day. Instead, what I am about to propose is, in my opinion, a possible strategic collaboration that will quicken the pace of Neo, expand its resources and put them on equal footing with Ethereum.
As we all know, Neo is working towards the vision of a Smart Economy, where Digital Assets meet Digital Identities and Smart Contracts. Taken from the Neo website:
“In this new Smart Economy, a paradigm shift from the “Internet of Information” to an “Internet of Value” is taking place. This will allow for seamless integration of the traditional economy and digital economy, facilitating the free flow of all assets. Exchange of value and economic activities are provided in a trustless mode. The rules, policies, and organizations of traditional society will be rightfully transparent and fair. This is an “Internet of Order” and the ultimate goal of Neo Smart Economy.”
It’s a compelling vision. However, the downside that I foresee is that the goal, being a very tall order, will take a long time to achieve, in which case by then Neo may be displaced by new ideas or technologies. Progress as a lone wolf is tough and lonely. However, progress as a group will bring about much more efficiency through delegation, specialization and leverage. This brings about my next point: Partnerships.
As far as I know, Neo already has several partnerships ongoing / underway: Bancor, Coindash, Agrello, Elastos and Red Pulse, which only just very recently concluded a hugely successful ICO (also having the honour of being the first ICO hosted on the Neo blockchain). However, I believe many will agree with me that these partnerships do not even come close to the level of the EEA of Ethereum. This is where I want to introduce a very interesting blockchain project that I have come across recently: ChainLink.
The ChainLink Network is a fully decentralised blockchain middleware that provides Smart Contracts with data, bank payments and access to APIs (Application Programming Interface). I am unable to explain their tech very well, so for the more gifted, tech savvy redditors, please feel free to add or correct anything that I have to say. As far as I understand, ChainLink is trying to solve the problem where Smart Contracts are unable to connect with key external resources like off-chain data and APIs. These external resources are information and data that we currently receive in our everyday lives, for example, weather forecasts, traffic conditions or even football match results.
So let’s say there is a Smart Contract deployed on the Neo blockchain to, for example, retract your clothes hangers when it rains. In order to execute correctly, it will require external data in the form of the weather forecast in the local area. Instead of coming up with ways to do it all on their own on the Neo blockchain, developers can instead choose to employ ChainLink to access this external data, saving time and effort, as well as using much more reliable information than they will be able to source on their own. Currently, from their website, people are able to create ChainLinks on Ethereum, Town Crier and Bitcoin.
So, why will ChainLink want to work with Neo if they are already working with the Ethereum blockchain? Unfortunately, I am not affiliated to ChainLink in any way, and this will not be a question that I will be able to answer. All I am proposing is for Neo / Da Hongfei to look into a possible partnership, in which I have no concrete answers for. However, I do know of possible reasons in which the different organisations might want to come and work together with each other.
Firstly, take a look at this: https://twitter.com/VitalikButerin/status/911244079660359680
This was Vitalik dissing ChainLink openly on twitter. Now, if my company runs Oracle networks and someone high profile comes out to purposefully non-endorse my product and say that my company is not even worth $32m (implied meaning), I will be pretty pissed off. I don’t know about you, but last I checked CEOs are humans.
Secondly, ChainLink is a fairly new ICO and it will do well to form strong partnerships with other relevant parties, and Neo’s position as a frontrunner in China as well as its reputation (for good or for bad) as China’s Ethereum will definitely shore up its credibility to prospective partners and investors.
Thirdly, from the ChainLink website, you can see that they are proud to be working with SWIFT on their own SWIFT Smart Oracle. Why is this important? SWIFT (Society for Worldwide Interbank Financial Telecommunication) has long held a monopoly for interbank payments, but its position is starting to get threatened by newcomer Ripple (XRP). In fact, SWIFT is holding its annual SIBOS conference on the 16-19th of October later this month, and Ripple has decided to gatecrash the party by holding its own conference called SWELL, on the 16-18th of October. It is common knowledge that Ripple seems to have superior technology versus SWIFT, and if SWIFT wants to maintain its power and position, it will definitely need to start getting into the blockchain arena. Take a look for yourself, the SIBOS program list consists of an item in which SmartContract.com (ChainLink) will be presenting a live demo of a Proof of Concept.
Now, whats in it for Neo? If Neo manages to get into close collaboration with ChainLink, it will have access to technology that speeds up its game exponentially. By outsourcing the channel that receives external, off-chain, real time data, they will be able to focus their time, energy and money on other strategic areas. SWIFT works with over 11,000 banks, and in the event that ChainLink becomes a partner of SWIFT, Neo becoming a partner with ChainLink will indirectly make them partners of SWIFT as well. Now, let me remind you what Neo is up against.
In summary, a Neo – ChainLink – SWIFT partnership will be a win / win / win situation for all parties involved. It tilts the balance of Neo vs ETH, as well as SWIFT vs Ripple. In case you are wondering why SWIFT will want to partner up with blockchain companies that are a fraction of its own size, look up Ripple’s SWELL conference and you will see that former US Federal Reserve System chairman Ben Bernanke, as well as the freaking inventor of the World Wide Web, Tim Berners are both going to be there as keynote speakers. They need blockchain just as much as blockchain needs partnerships and resources. I like to think of Neo’s Smart Contracts as cars while ChainLink serves as the road for the cars. Imagine driving cars without roads, will we still want to travel around in cars? You get the point.
Please upvote this thread, comment and share this post as much as you can. All I want is for Neo / Da Hongfei / City of Zion to just consider the possibilities of collaboration with ChainLink. I am very excited for the world moving forward, and I just hope to make a small contribution to the world by casting this little seed of possibility in the great minds of the leading thinkers of blockchain.
TLDR – Upvote this thread and spread the love and get Da Hongfei to notice this post <3
submitted by Ants2Dragons to CryptoCurrency [link] [comments]

Subreddit Stats: AskEconomics top posts from 2016-12-11 to 2017-12-10 16:42 PDT

Period: 363.79 days
Submissions Comments
Total 1000 9010
Rate (per day) 2.75 24.68
Unique Redditors 765 1500
Combined Score 9038 28269

Top Submitters' Top Submissions

  1. 75 points, 11 submissions: Ask_Everything
    1. How did Ireland become SO WEALTHY in spite of being hit by the Great Recession so hard? (10 points, 4 comments)
    2. Peru's economy grew by 7.8% per year since 2009. Is this due to quinoa exports? (8 points, 4 comments)
    3. Why can't employers hire 16% more employees and pay ALL of their employees 14% less in aggregare? This would make the unemployment rate 0% without adding to employer costs. (8 points, 10 comments)
    4. In the USA, an we have employee owned businesses like Bob’s Red Mill. Is there a model that allows a business to be municipal owned or partly owned by the municipality? (7 points, 3 comments)
    5. What are the best leading indicators for the economy or the stock market? (7 points, 11 comments)
    6. EITC VS Higher Minimum Wage for poverty reduction and reducing income inequality (6 points, 9 comments)
    7. How would implementing a $15/hour minimum wage NOT contribute to inflation across the board (thus negating its effect)? (6 points, 13 comments)
    8. In Communist USSR, (1) was the Gini Coefficient = ~0? (2) If everyone earned about the same amount, then was there poverty? (3) What were some economic triumphs of Communism? (6 points, 12 comments)
    9. India and China had equal Per Capita GDP (PPP) in '89. Why are all economic predictions of India so much more pessimistic about India than for China? (6 points, 4 comments)
    10. Why is there a black market for USD in developing countries? (6 points, 4 comments)
  2. 62 points, 6 submissions: VanGod21
    1. How much money could be collected with pigouvian and land/natural resource taxes in the United States? (21 points, 3 comments)
    2. Is income inequality an externality? (17 points, 16 comments)
    3. Why do private companies get the patent on drugs funded by the government? (9 points, 2 comments)
    4. Would cutting the corporate tax increase investment? (6 points, 4 comments)
    5. When is it better for the government to borrow money for spending rather than pay with taxes? (5 points, 5 comments)
    6. What are the biggest externalities in the United States? (4 points, 4 comments)
  3. 61 points, 6 submissions: BainCapitalist
    1. ACA replacement bill is out. Any changes from the original talking points that were released? (17 points, 1 comment)
    2. Examples of 'good' infrastructure plans? (12 points, 2 comments)
    3. Applications of blockchain technology? (9 points, 4 comments)
    4. Articles/ books on wartime economics? (8 points, 3 comments)
    5. Can I have a breakdown on all the major theories on the emergence of money? (8 points, 17 comments)
    6. Question about X-Tax (7 points, 6 comments)
  4. 54 points, 5 submissions: benjaminikuta
    1. Millennials are earning 20% less than boomers did at the same age in life... (19 points, 8 comments)
    2. Does marketing make society better off, or is it rent seeking? (12 points, 3 comments)
    3. The Interstate Commerce Act of 1887 regulated the railroads, forced consistent cargo rates and eliminated price discrimination between long and short haul fares. Would it be fair to describe the law as enforcing a kind of "rail neutrality"? What was the impact of the law? (8 points, 1 comment)
    4. What if instead of a ban on plastic grocery bags, there was just an extreme tax? (8 points, 20 comments)
    5. What are some examples of natural monopolies that exist or would exist without government intervention? (7 points, 25 comments)
  5. 54 points, 3 submissions: Alethean
    1. If major countries go to war, what happens to their debt obligations? (30 points, 3 comments)
    2. Does the world have a contingency plan for a Chinese recession or financial crisis? (15 points, 11 comments)
    3. Is there much risk of contagion or a reduction in aggregate demand if/when bitcoin collapses? (9 points, 4 comments)
  6. 52 points, 3 submissions: Municipal_Man
    1. What are the most profound ideas of economics in the last 20 years? (35 points, 53 comments)
    2. Where can I find the Debt of a city and the GDP of a city? (10 points, 4 comments)
    3. What are the DISADVANTAGES of the EITC? (7 points, 3 comments)
  7. 48 points, 6 submissions: zangerinus
    1. net neutrality: good or bad? (13 points, 25 comments)
    2. In the 50's a single person in the US with a decent job requiring little or even no education could provide a comfortable home, education for their children, etc etc by themselves. Why were they paid so much or why hasn't that pay transitioned to 2017? (9 points, 9 comments)
    3. Best behavioral economics textbook? (7 points, 5 comments)
    4. Will US debt be a problem in the future? (7 points, 13 comments)
    5. Books/sources on Public Choice theory? (6 points, 2 comments)
    6. How to help third world countries? Why is foreign aid controversial among economists? (6 points, 10 comments)
  8. 48 points, 4 submissions: dewarr
    1. If the USSR was so ineffecient, how was it such a superpower? (21 points, 24 comments)
    2. Is Schrumpeter's "Capitalism, Socialism, and Democracy" remotely approachable for a relative layperson? (11 points, 5 comments)
    3. Good history of economics textbook? (9 points, 5 comments)
    4. Does the concept of economic utility stem from ethical utiliarianism? (7 points, 6 comments)
  9. 46 points, 5 submissions: jomdo
    1. Does the U.S. have a different definition than the rest of the world, in regards to what exactly "Middle Class" is? (13 points, 14 comments)
    2. What are some fictional books that appears to have a realistic running economy- looking for books where one would later go back and say, "Hey maybe this happened because of ----" (10 points, 0 comments)
    3. What are some economic indicators of corruption? (9 points, 7 comments)
    4. Does anyone have a source that compares the income of every nation's lowest quintile? (8 points, 0 comments)
    5. How is it that there are modern nations with more income inequality than the Roman Empire (based on a study published by Cambridge) (6 points, 12 comments)
  10. 43 points, 5 submissions: neoliberalQuestions
    1. Is unilateral free trade as beneficial as bi/multilateral free trade agreements? Are there greater costs to it compared with other free trade arrangements? [x-post from /AskSocialScience] (11 points, 5 comments)
    2. How much contribution does healthcare make to health outcomes in the US compared with other factors like lifestyle, diet, environment, etc.? How does the US's mix of factors compare to those of other developed countries? (10 points, 2 comments)
    3. In the US, certain localities have short-run reduced employment prospects due to positive productivity shocks (automation, trade, etc.). What frictions/market failures prevent workers in these places from retraining themselves and moving away? (10 points, 6 comments)
    4. Is market power as little a problem (and anti-trust as ineffective at promoting consumer welfare) as depicted in this Econtalk podcast with Don Bourdreaux? (7 points, 10 comments)
    5. How might relatively low income localities mitigate the effects of a high national minimum wage? (5 points, 9 comments)
  11. 40 points, 4 submissions: CarltonFrater
    1. Am I crazy for wanting to be an economist? (13 points, 13 comments)
    2. Would a Masters Degree in Economics be a good choice for me? (11 points, 14 comments)
    3. Will Automation Lead to Drastic Unemployment and a Depression as some Speculate? (10 points, 14 comments)
    4. What is the relation between government spending as a percentage of GDP? (6 points, 1 comment)
  12. 37 points, 5 submissions: MTGTCG
    1. Which country has the best policies and institutions in place for economic growth? (11 points, 6 comments)
    2. What problems do mainstream economists have with libertarian beliefs? (9 points, 9 comments)
    3. Foreign Aid to the 3rd World (6 points, 4 comments)
    4. Intellectual Property, is it needed? (6 points, 2 comments)
    5. What is the best way to design the tax system if the goal is GDP growth? (5 points, 24 comments)
  13. 36 points, 4 submissions: Semaug
    1. What sort of impacts will Trump's proposed tariffs have on the economy? (13 points, 6 comments)
    2. Did economists see the 2008 recession coming? (10 points, 5 comments)
    3. What percentage of Venezuela's economy is run by the state(SOEs)? (7 points, 4 comments)
    4. Does the US spend a disproportionate amount on drug R&D compared to other countries? If so, is this related to the lack of price control? (6 points, 1 comment)
  14. 36 points, 4 submissions: rishijoesanu
    1. How do economists price carbon? (12 points, 14 comments)
    2. Can someone ELI5 Amartya Sen's Liberal Paradox? (10 points, 5 comments)
    3. Does automation cause Job loss in the long run? Thoughts on the new Kurzgesagt video? (9 points, 34 comments)
    4. What aspects of Ray Dalio's video "How The Economic Machine Works" is wrong or oversimplified? (5 points, 0 comments)
  15. 35 points, 5 submissions: remarkablecereal
    1. If people find a cheap way to make near unlimited amounts of gold, would the money backed by gold become worthless? (11 points, 10 comments)
    2. Is the "robot" revolution different this time? (7 points, 1 comment)
    3. When misers hoard wealth, can the market pretend it doesn't exist? (6 points, 11 comments)
    4. Why is war expensive? (6 points, 22 comments)
    5. Why is labour cheaper in developing countries? (5 points, 6 comments)
  16. 35 points, 2 submissions: Jyan
    1. Why tax brackets, rather than a smooth increase? (22 points, 8 comments)
    2. Judea Pearl wrote that "men were more qualified than equally paid women", in contrast to the usual statement on gender inequality. Is anyone aware of a citation? (13 points, 1 comment)
  17. 35 points, 2 submissions: Paul_2
    1. Is "Basic Economics" by Thomas Sowell reliable? (25 points, 3 comments)
    2. What is the standard of proof in economics? (10 points, 10 comments)
  18. 35 points, 1 submission: PM_ME_MESSY_BUNS
    1. /memenomics posts aside, is Ben Bernanke really a hero? Did the Fed save us from something much worse during the recession? How bad would it have been if the Fed acted as poorly and lamely as it did before/during the Great Depression? (35 points, 5 comments)
  19. 33 points, 2 submissions: johnfrance
    1. Most important books or papers in economics published since 2000? (27 points, 5 comments)
    2. Looking for good secondary literature on Ricardo, and JS Mill? (6 points, 2 comments)
  20. 33 points, 1 submission: papermarioguy02
    1. What parts of Friedman's "The Role of Monetary Policy" are now part of the economic consensus? (33 points, 1 comment)

Top Commenters

  1. zzzzz94 (2400 points, 299 comments)
  2. RobThorpe (1525 points, 515 comments)
  3. MrDannyOcean (1401 points, 185 comments)
  4. he3-1 (599 points, 65 comments)
  5. riggorous (534 points, 178 comments)
  6. generated_regressor (487 points, 131 comments)
  7. Petros557 (450 points, 112 comments)
  8. Integralds (432 points, 59 comments)
  9. ZerexTheCool (407 points, 99 comments)
  10. whyrat (394 points, 116 comments)
  11. Randy_Newman1502 (385 points, 80 comments)
  12. Cutlasss (369 points, 79 comments)
  13. isntanywhere (349 points, 93 comments)
  14. Cross_Keynesian (347 points, 59 comments)
  15. King_Freedom (339 points, 109 comments)
  16. themcattacker (321 points, 115 comments)
  17. IDontGiveAFuckDude (269 points, 78 comments)
  18. Greenhorn24 (266 points, 91 comments)
  19. jmo10 (240 points, 72 comments)
  20. panick21 (227 points, 108 comments)
  21. say_wot_again (203 points, 36 comments)
  22. bon_pain (174 points, 49 comments)
  23. UpsideVII (164 points, 37 comments)
  24. gorbachev (164 points, 27 comments)
  25. VodkaHaze (153 points, 33 comments)
  26. Yankee9204 (151 points, 33 comments)
  27. Hypers0nic (146 points, 33 comments)
  28. adam7684 (131 points, 21 comments)
  29. Philosopher013 (128 points, 38 comments)
  30. FinancialEconomist (127 points, 26 comments)
  31. loaengineer0 (123 points, 26 comments)
  32. neoliberalQuestions (121 points, 33 comments)
  33. Cystee (115 points, 33 comments)
  34. a_s_h_e_n (110 points, 31 comments)
  35. Frexican (106 points, 25 comments)
  36. ManWithAMasterplan (106 points, 18 comments)
  37. brberg (103 points, 22 comments)
  38. MiltonFriedom (102 points, 32 comments)
  39. Rimshotsgalore (100 points, 31 comments)
  40. HeFlipYa (97 points, 33 comments)
  41. VineFynn (96 points, 18 comments)
  42. electrodraco (94 points, 10 comments)
  43. MrCava (90 points, 26 comments)
  44. WikiTextBot (86 points, 50 comments)
  45. wumbotarian (86 points, 16 comments)
  46. Holophonist (85 points, 13 comments)
  47. MaesterMagoo (79 points, 26 comments)
  48. FatBabyGiraffe (77 points, 19 comments)
  49. badbooksaintbad (76 points, 17 comments)
  50. econ_learner (76 points, 15 comments)

Top Submissions

  1. Is there even one economist in here that thinks Trump's protectionist agenda will result in welfare gains for the American people? by deleted (38 points, 39 comments)
  2. What are the most profound ideas of economics in the last 20 years? by Municipal_Man (35 points, 53 comments)
  3. /memenomics posts aside, is Ben Bernanke really a hero? Did the Fed save us from something much worse during the recession? How bad would it have been if the Fed acted as poorly and lamely as it did before/during the Great Depression? by PM_ME_MESSY_BUNS (35 points, 5 comments)
  4. What parts of Friedman's "The Role of Monetary Policy" are now part of the economic consensus? by papermarioguy02 (33 points, 1 comment)
  5. Maybe a dumb question but, If we're so good at producing efficiently why can't more people live in a single income? by thebshwckr (30 points, 33 comments)
  6. My friend recently published this - help me prank him by gosick (30 points, 11 comments)
  7. If major countries go to war, what happens to their debt obligations? by Alethean (30 points, 3 comments)
  8. What programming language should an Economist learn? by MrEconomist206 (29 points, 61 comments)
  9. What is it really like to be an economist? by ListenAndObserve (28 points, 5 comments)
  10. Why does Marxism seem to be so much more prevalent in philosophical circles than in economic ones? by Oedium (27 points, 36 comments)

Top Comments

  1. 85 points: zzzzz94's comment in Can anyone explain why Austrian Economics is so unpopular?
  2. 67 points: say_wot_again's comment in Who hates Milton Friedman most?
  3. 45 points: he3-1's comment in Why does Marxism seem to be so much more prevalent in philosophical circles than in economic ones?
  4. 41 points: MrDannyOcean's comment in What is an economists opinion on Libertarianism?
  5. 39 points: he3-1's comment in How can I learn enough about economics to make informed voting decisions?
  6. 39 points: zzzzz94's comment in Where did the $15 minimum wage come from?
  7. 38 points: ManWithAMasterplan's comment in What are the strongest arguments against free college?
  8. 37 points: MrDannyOcean's comment in My friend recently published this - help me prank him
  9. 37 points: ZerexTheCool's comment in Is the field of economics separable from capitalism?
  10. 35 points: MrDannyOcean's comment in Maybe a dumb question but, If we're so good at producing efficiently why can't more people live in a single income?
Generated with BBoe's Subreddit Stats (Donate)
submitted by subreddit_stats to subreddit_stats [link] [comments]

[uncensored-r/Bitcoin] It's in times like these that education is necessary

The following post by jonat3 is being replicated because some comments within the post(but not the post itself) have been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7r1eah
The original post's content was as follows:
Playlist with Andreas Antonopoulos as well as a few other classics. Is meant for people completely new to bitcoin.
Took quite awhile to assemble this playlist. Playlist is in chronological order. Watch in that sequence. Adjust playing speed in youtube to suit your needs.
Consider this page 1 in a series. May be updated from time to time.
Intro
Who is in control
How does it work
Security (and who's backing it)
By the love of God, watch first video entirely (click link in description once you understand). Don't be goxxed!
Some videos about bitcoin being a bubble
Some basic economics
Networks (!!!)
Why Bitcoin
Altcoins vs Bitcoin
Worried about high fees or the slow transactions? See the motivation behind the fee structure (pay special attention to the last video)
Important classics about the theory of money
Early classics (last video is gold :p)
Important backdrop for why bitcoin emerged starring Stefan Molyneux and Mike Maloney
Bitcoin's larger importance with Andreas Antonopoulos
Banking and Blockchain with Andreas Antonopoulos
Consumer protection
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Subreddit Stats: top posts from 2013-05-02 to 2013-06-01 00:16 PDT

Period: 29.56 days
Submissions % Comments %
Total 1000 47511
Rate (per day) 33.84 1522.53
Unique Redditors 658 6162
Upvotes 117878 81% 229648 76%
Downvotes 26426 19% 69920 24%

Top Submitters' Top Submissions

  1. 2205 pts, 37 submissions: IWillNotBiteYourDog
    1. Thank You, Bitcoin Community | Electronic Frontier Foundation (245 pts, 33 comments)
    2. How 23-year-old Charlie Shrem became a millionaire through Bitcoin (224 pts, 266 comments)
    3. With $1.5M Led By Winklevoss Capital, BitInstant Aims To Be The Go-To Site To Buy And Sell Bitcoins (140 pts, 49 comments)
    4. Bitcoin now outguns all of Earth's supercomputers (132 pts, 53 comments)
    5. Why I Invested in Bitcoin - the Perfect Schmuck Insurance (128 pts, 53 comments)
    6. Should You Trade Bitcoin? An Expert View (106 pts, 88 comments)
    7. Why PayPal is bullish on Bitcoin (81 pts, 34 comments)
    8. [scam alert] Startup Company Cryoniks Ramping Up Production of its 1000 GH/s Bitmining Solution (76 pts, 11 comments)
    9. Government Will Be As Successful At Regulating Bitcoin As Its Been With File Sharing (73 pts, 38 comments)
    10. $1 billion in bitcoin was traded in April—16 times the previous record (69 pts, 3 comments)
  2. 1867 pts, 20 submissions: waspoza
    1. Coinbase Nabs $5M in Biggest Funding for Bitcoin Startup - WSJ (262 pts, 57 comments)
    2. Why Bitcoin will succeed - MarketWatch (226 pts, 136 comments)
    3. The Most Important Early-Stage Investor Of The Last 10 Years Just Made A Huge Bet On Bitcoin (224 pts, 27 comments)
    4. Why won’t Bitcoin die? (220 pts, 97 comments)
    5. Bitcoin will continue to function beyond the reach of government and law (177 pts, 40 comments)
    6. Peter Thiel & Founders Fund lead $2m funding round in BitPay (141 pts, 13 comments)
    7. Your Bitcoins Are Finally Worth Something | TechCrunch (127 pts, 107 comments)
    8. Bitcoin has a good shot at being the currency of the future (60 pts, 20 comments)
    9. A Hungarian company is about to launch an enterprise-class software product designed to make it easy for businesses to create bitcoin-enabled applications (60 pts, 1 comments)
    10. Bitcoin finding its feet at first Silicon Valley conference (54 pts, 1 comments)
  3. 1484 pts, 9 submissions: elux
    1. Bill Gates: "[Bitcoin] is a techno tour de force." Charlie Munger: "I think it's rat poison." Warren Buffett: "I think either Charlie or Bill is right." (669 pts, 348 comments)
    2. Bitcoin: This article is ranked 35 in traffic on en.wikipedia.org (365 pts, 43 comments)
    3. Three Million Milestone (163 pts, 31 comments)
    4. WSJ: The Weekend Interview With Gavin Andresen - Bitcoin vs. Ben Bernanke (89 pts, 19 comments)
    5. CNET | Winklevoss twins on Bitcoin: "Time to work with the Feds." (78 pts, 103 comments)
    6. LA Times: Bitcoin concept is gaining currency (42 pts, 5 comments)
    7. Avalon ASIC Batch #2 Unboxing (38 pts, 15 comments)
    8. Bitcoin Fund aims to make bitcoin investing easy (22 pts, 4 comments)
    9. BitcoinATM Presentation: The Demo (18 pts, 3 comments)
  4. 1379 pts, 3 submissions: circuitry
    1. ASICMiner USB mining farm (727 pts, 272 comments)
    2. Seems legit. (618 pts, 148 comments)
    3. ASICMiner's "official unofficial" Excel sheet has been updated with an estimated weekly pay-per-share column. It looks good. (34 pts, 24 comments)
  5. 1377 pts, 1 submissions: im14
    1. Thanks for bringing # of votes for Dropbox Bitcoin acceptance from 3,500 to 7,200, Reddit! However, we need at least 16,000 to get to first page! Please vote if you haven't done so yet. Thanks! (1377 pts, 121 comments)

Top Commenters

  1. ferroh (1674 pts, 340 comments)
  2. btchombre (1161 pts, 130 comments)
  3. theymos (1107 pts, 93 comments)
  4. throwaway-o (970 pts, 245 comments)
  5. 7trXMk6Z (921 pts, 256 comments)
  6. bitcointip (883 pts, 361 comments)
  7. TheSelfGoverned (804 pts, 254 comments)
  8. Lentil-Soup (721 pts, 269 comments)
  9. bitfan2013 (669 pts, 132 comments)
  10. ELeeMacFall (643 pts, 220 comments)

Top Submissions

  1. Thanks for bringing # of votes for Dropbox Bitcoin acceptance from 3,500 to 7,200, Reddit! However, we need at least 16,000 to get to first page! Please vote if you haven't done so yet. Thanks! by im14 (1377 pts, 121 comments)
  2. Dwolla no longer allowed to do business with MtGox! by Rassah (863 pts, 863 comments)
  3. PayPal shut my account down for giving away free bitcoins with purchases. by NikolaiRimskyK (847 pts, 171 comments)
  4. ASICMiner USB mining farm by circuitry (727 pts, 272 comments)
  5. Update: Over 6000 Fed by SeansOutpost (708 pts, 112 comments)

Top Comments

  1. 221 pts: hollando's comment in Dwolla no longer allowed to do business with MtGox!
  2. 218 pts: vuce's comment in Guys, really... Chill out.
  3. 154 pts: cunnl01's comment in My miner!
  4. 144 pts: gavinandresen's comment in Thank you Gavin!
  5. 144 pts: deleted's comment in Bill Gates: "[Bitcoin] is a techno tour de force." Charlie Munger: "I think it's rat poison." Warren Buffett: "I think either Charlie or Bill is right."
Generated with BBoe's Subreddit Stats SRS Marker: 1370070984.0
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BITCOIN vs RIPPLE ~ BEN BERNANKE & CENTRAL BANKS (SWELL CONFERENCE)( price bitcoin,crypto) Bitcoin And Blockchain Conference Has Ben Bernanke Headlining! Banks Capitalize From Blockchain Bitcoins Erklärung: In nur 12 Min. Bitcoin verstehen ... Bill Still on Bernanke's Bitcoin Surprise China Financial Collapse, Bitcoin Black Eye, Ukraine-Russia War and Bernanke Memoirs

Bitcoin vs. Ben Bernanke . The chief scientist for the digital currency talks about its appeal—and pitfalls—in a world of fiat money. James Freeman. Could a virtual currency created by an anonymous Internet hacker someday replace the U.S. dollar? What seems like a ridiculous question has become more intriguing as trading in the digital money called Bitcoin has surged more than 300% in the ... Bitcoin vs. Ben Bernanke. The chief scientist for the digital currency talks about its appeal—and pitfalls—in a world of fiat money. Article by ... Bitcoin vs. Ben Bernanke “The chief scientist for the digital currency talks about its appeal—and pitfalls—in a world of fiat money.” Highlights: As for the upside, small online merchants would welcome a global payment standard. For this reason Bitcoin or a similar technology could threaten the power of not just central banks, but banks, period. Unlike online payment services that give ... Bitcoin vs. Ben Bernanke The chief scientist for the digital currency talks about its appeal—and pitfalls—in a world of fiat money. Bitcoin Revolution vs. Other trading systems: Bitcoin Revolution: Other trading systems ️ Bitcoin Revolution has a reported success rate ranging between 88% and 95%. Other Crypto trading systems do not usually have such high success rates. ️ Bitcoin Revolution offers a demo account allowing you to get familiar with the trading platform’s interface. Some trading systems do not offer demo ...

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BITCOIN vs RIPPLE ~ BEN BERNANKE & CENTRAL BANKS (SWELL CONFERENCE)( price bitcoin,crypto)

bitcoin conference is scheduled to have Ben Bernanke Headlining as a speaker to discuss how Banks can capitalize from Blockchain and digital currencies in general. This may seem like a shock ... Filmmaker and activist Bill Still joins Gary Franchi to weigh in on Ben Bernanke's recent statements on Bitcoin and also shares his thoughts on cryptocurrencies. Pro-western protesters have force the Ukrainian President to flee, and now there is a new president who is partial to the West. My prediction is Russia will do everything in its power both ... ed Chairman Ben Bernanke gives a presentation at the annual American Economic Association meeting on the past, present and future of the changing Federal Reserve. He discusses the financial crisis ... Die Kinder sind zu Hause, die Arbeit muss erledigt werden und die Welt steht Kopf. Wie können wir in stressigen Zeiten die Ruhe bewahren, um Lösungen zu finden, die funktionieren? Wie können ...

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