Anonymint, do you think Lightening networks with wallet-to-wallet channel selection offers a decentralized payment layer on top of bitcoin sufficient for its the need for which it is implemented?
I haven’t looked into the bolded term. Is that a new proposal?
Last time I evaluated LN, my analysis was:
Note guys I am only on the 19th day of the intensive 8-week, 4-drug TB treatment (to be followed by 18 weeks of 2-drug regimen), so my energy remains very low and I am not actively working much:
My liver has improved and my eating and digestion appears to be improving but not yet totally normalized. My energy level is very low. Difficult to think intensely. Want to sleep always.
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Legendary Offline
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Anonymint, do you think Lightening networks with wallet-to-wallet channel selection offers a decentralized payment layer on top of bitcoin sufficient for its the need for which it is implemented?
I haven’t looked into the bolded term. Is that a new proposal?
Last time I evaluated LN, my analysis was:
Note guys I am only on the 19th day of the intensive 8-week, 4-drug TB treatment (to be followed by 18 weeks of 2-drug regimen), so my energy remains very low and I am not actively working much:
My liver has improved and my eating and digestion appears to be improving but not yet totally normalized. My energy level is very low. Difficult to think intensely. Want to sleep always.
Yes they are mulling over it however as far as I can see I can’t determine how channels would be routed through wallets when most wallets are offline including mobile phones which run power save and apps are idle (not processing) when not in use? A wallet-to-wallet would be ideal if people’s wallet APIs were accessible deterministically but we know that’s not the case… so not 100% on how that proposal is structured. If they figure it out it would make LN usable and a viable payment layer ontop of bitcoin to solve roach’s issue with bitcoin not relying on being a store of value only.
★☆★Syscoin – Decentralized Marketplace and Multisig Platform
The $1220.80 close for Gold last week was a Weekly Bearish Reversal, but we had a mild Monthly Bullish reversal at the end of the year.
Comments else where:
Re: Susan Collins and Lisa Murkowski sides with Democrats in the Senate voting
Never trust women with roles of highly strategic responsibility.
They love drama and vote their emotions and perspective as nurturers and consensus builders (or with their destructive hindbrain).
My current stance is not focused on repealing women’s suffrage at the level of collective governance, because I view collective governance as just another enslavement coping mechanism (of which I view religion as another) for managing the stables/corrals of weak sheepeople.
My message is for the strong men who actually run or could run the world, if they would assert their superior cultural evolutionary strategy. The powerful have the “votes” that matter, because economics is reality and democracy is an illusion of control (an actually an enslavement mechanism) for weak sheepeople to circle-jerk themselves with.
JAD wishes to install a dictator Trump to manage the weak sheepeople, but this creates the precedent (and a power vacuum) for the devolution into a totalitarian regime. So it is not a solution. Rothschilds is cleverly playing the various modes of the enslavement paradigms to divide-and-conquer. We strong men should be aware and smarter.
Legendary Offline
Activity: 1036
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That was a pair of interesting articles, iamnotback, thanks for posting them. Highly recommended reading.
A go slow policy, with much discussion, with Russia is overdue. I agree w/ Armstrong: Rex Tillerson looks to be an inspired choice to be Secretary of State.
There is a lot of work to do re stabilizing the world economy. I don’t know the way forward. I hope Trump and his team know better…, certainly better we hope than Obama’s team.
EDIT: The Politico article was interesting too. Taleb and “Mencius Moldbug” are featured. I let FOFOA know re the latter.
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Oh please, we all know Armstrong is full of shit. Seconds after he said gold is going under $1000 it skyrockets then he makes up some lie afterwards instead of admitting he was wrong. He also pretends Jewish fiat paper makes up the base of Exter’s pyrmaid. Most debts being denominated in USD doesn’t mean people are short the dollar, it just means those debts are a toxic asset and nobody is going to pay them. The second the system actually experiences defaults that would trigger deflation, you don’t actually get deflation, you get bank holidays from everything being insolvent.
Once there are bank holidays, the system is for all intents and purposes over. All digital fiat is essentially value-less, while physical paper may be worth a premium for a short time span, but who do you actually know that keeps enormous amounts of physical paper around while taking the risk the govt decrees $50, $100, or even $20 bills worthless like they did in India? The Trump and Mnuchin agenda is also clearly to inflate the system and weaken the dollar. If that agenda fails or not is a different story, but the act of creating more fiat or devaluing the dollar is not “bearish” on metals or deflationary by any means.
The fact that Armstrong did NOT adjust any of his predictions at all depending on who won the 2016 election is another giveaway to the fact he doesn’t really know what he’s talking about. At any given time, all debt based fiat systems are teetering on the brink of either deflationary collapse or hyperinflation. Neither of those binary outcomes are predictable by ANYONE except the person centrally administering the system = all Armstrong data is useless because he can’t predict which one of those outcomes will occur.
It’s entirely possible we could have a deflationary collapse with hyperinflation after as a response, or we could just go straight into Venezuela-style inflation from the start with no deflation at all. As for which option is better or more “humane” if a ruler were to pick one, the system grinds to a halt in deflationary collapse, which screws everyone no matter rich or poor. In inflation at least the doors to the buildings are still open.
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Activity: 1036
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I have to grant r0ach a point re Armstrong NOT changing his predictions in response to new data (Trump winning). My general understanding of how to analyze events is to update models and predictions as new facts come in.
* * *
“Everyone wants a weaker dollar.”
— a prominent blogger
What that means, and how likely real action will be taken is a key question. In the end, a weaker dollar is what we will get. It may get stronger for a while as money flees the weaker currencies, but a weaker dollar is the end-game.
The working scenario that I follow (along with a small group of active investors I associate with) is that we will likely get some kind of unpleasant deflation followed by a hyperinflation. This has happened so many times in history that it seems to be a tool for .govs. A hard deflationary event is hated by banks and other powerful types, so once it hits, .gov will bail-out its buddies (and make themselves temporarily popular with its citizens) by printing.
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Each false rally in the Dow Jones in the Great Depression started lower than the last. Not the case with gold this time At least we were spared a history lesson on the Romans with that MA article, makes for a change. I don’t know which direction gold is going but I’d back a coin flip to be as accurate as MA. Thankfully I didn’t go with his sub $1000/850 prediction last year so made a fair bit before selling out (too early mind), call it enough times though and he’ll get it eventually. He has it on record so that is all that matters. Also has the $10,000 on record too. And a whole load of other numbers in between. With the ability to shift his dates and the ifs, buts and maybes, he has it all covered. Ignore the duff predictions. We’re still waiting for this sovereign debt crisis blow up too (from 2015). Another date shifter. Yawn. Call a recession or debt crisis repeatedly you’ll eventually be right.
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I have to grant r0ach a point re Armstrong NOT changing his predictions in response to new data (Trump winning). My general understanding of how to analyze events is to update models and predictions as new facts come in.
* * *
“Everyone wants a weaker dollar.”
— a prominent blogger
What that means, and how likely real action will be taken is a key question. In the end, a weaker dollar is what we will get. It may get stronger for a while as money flees the weaker currencies, but a weaker dollar is the end-game.
The working scenario that I follow (along with a small group of active investors I associate with) is that we will likely get some kind of unpleasant deflation followed by a hyperinflation. This has happened so many times in history that it seems to be a tool for .govs. A hard deflationary event is hated by banks and other powerful types, so once it hits, .gov will bail-out its buddies (and make themselves temporarily popular with its citizens) by printing.
I don’t know but I’m sure the next crisis will trump the last two combined. How will the elites play it? I’ll say shock doctrine and implement cash bans, capital controls to ‘save’ the system. SDR’s on their way.
I dont think we’ll go back to a gold standard unless it’s post WW3. No to say gold doesnt play a role, it does. Why else would governments the world over continue to buy & store it?
I often wonder how relevant the Japanese experience is in this case. They have muddled through for decades with printing, hopium and a compliant population. The West has done one decade. Wonder how long Western elites can keep up the charade? seeing as though there is not so subtle collusion between central banks, could be a while, at least until a black swan hits.
Wouldn’t it be funny if 8.6 years on from Lehmann we get another crisis? That would make it some time in May.
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