Curt Doolittle

Theme: Incentives

  • I don’t know why I can’t get this across. BTC isn’t money and can’t be money but

    I don’t know why I can’t get this across. BTC isn’t money and can’t be money but as a store of value the more money there is invested the less opportunity for manipulation and the greater the defense against inflation. So while it can’t be money, it sure can provide a medium of exchange, and if we are very, very lucky, a store of value. However, it is far too easy to see states taking it over (yes), and it is far too easy to see states heavily regulate it as a means of preventing money laundering. (that’s why banks may avoid it). But as a ‘common man’s store of value’ it has potential assuming volatility can be constrained by volume. The basic problem with gold is that there literally isn’t enough of it, and it’s too easy to manipulate the price.

  • Is It Theoretically Possible To Cause The Bitcoin Crash With A Small Coordinated Group. What Steps Might They Take?

    Use periods of low volume to spike the price.
    Sell in periods of high volume purchases.
    Repeat to boost the price to extremes.
    Sell repeatedly at low volume lows to cause panic.
    Start rumors of miners or agents causing threats.
    Produce believable reports that on a given date a large government will seize certain miners and prohibit all future transaction.

    repeat until people lose interest.

    just how its done in the stock market today.

    https://www.quora.com/Is-it-theoretically-possible-to-cause-the-bitcoin-crash-with-a-small-coordinated-group-What-steps-might-they-take

  • Is It Theoretically Possible To Cause The Bitcoin Crash With A Small Coordinated Group. What Steps Might They Take?

    Use periods of low volume to spike the price.
    Sell in periods of high volume purchases.
    Repeat to boost the price to extremes.
    Sell repeatedly at low volume lows to cause panic.
    Start rumors of miners or agents causing threats.
    Produce believable reports that on a given date a large government will seize certain miners and prohibit all future transaction.

    repeat until people lose interest.

    just how its done in the stock market today.

    https://www.quora.com/Is-it-theoretically-possible-to-cause-the-bitcoin-crash-with-a-small-coordinated-group-What-steps-might-they-take

  • Should The United States Start Charging Other Countries For Protection?

    We already do. By providing the “Petro-Dollar” and “Reserve Currency” (look them up), the USA creates demand for US currency and US debt, and then deflates that debt away through inflating the dollar – and american citizens obtain nearly everything in the world at a discount. This is how the USA ‘taxed’ the world for our protection, and that is precisely why the Europeans, Russians, Iranians, and Chinese want to both control oil, and replace the dominance of the dollar as the world reserve currency and as the world medium of petroleum exchange.

    For all intents and purposes, the world runs on American Law, American Dollars, and American Trade Routes. Which is the value of a huge military: obtaining discounts on trade.

    https://www.quora.com/Should-the-United-States-start-charging-other-countries-for-protection

  • Should The United States Start Charging Other Countries For Protection?

    We already do. By providing the “Petro-Dollar” and “Reserve Currency” (look them up), the USA creates demand for US currency and US debt, and then deflates that debt away through inflating the dollar – and american citizens obtain nearly everything in the world at a discount. This is how the USA ‘taxed’ the world for our protection, and that is precisely why the Europeans, Russians, Iranians, and Chinese want to both control oil, and replace the dominance of the dollar as the world reserve currency and as the world medium of petroleum exchange.

    For all intents and purposes, the world runs on American Law, American Dollars, and American Trade Routes. Which is the value of a huge military: obtaining discounts on trade.

    https://www.quora.com/Should-the-United-States-start-charging-other-countries-for-protection

  • What Do You Think About People Who Withhold Information To Get Ahead?

    We all act in our interests at all times, given the balance between costs and benefits. There are many costs and benefits. Physical, emotional, intellectual, social, political, legal, material. We are exceptionally good at calculating those benefits and making use of them.

    https://www.quora.com/What-do-you-think-about-people-who-withhold-information-to-get-ahead

  • What Do You Think About People Who Withhold Information To Get Ahead?

    We all act in our interests at all times, given the balance between costs and benefits. There are many costs and benefits. Physical, emotional, intellectual, social, political, legal, material. We are exceptionally good at calculating those benefits and making use of them.

    https://www.quora.com/What-do-you-think-about-people-who-withhold-information-to-get-ahead

  • How Likely Is It That Toronto Will Suffer A Recession Considering House Prices And The Consumer Debt Continues To Rise At A Very Fast Rate And The Wages Do Not Rise?

    Ontario is bankrupt and attempting to use immigration to offset the problem temporarily, which only exacerbates the problem long term. It’s not so much that Toronto will suffer a recession but it will (like Detroit, Hartford…) eventually end up with vast ghettos, and an inability to maintain its infrastructure, followed by an inability to justify the governmetn.

    This is a common cycle that many states get into when they are large enough to accumulate enough debt that there is no correlation between their actions and the consequences due to the time it takes for consequences to occur.

    https://www.quora.com/How-likely-is-it-that-Toronto-will-suffer-a-recession-considering-house-prices-and-the-consumer-debt-continues-to-rise-at-a-very-fast-rate-and-the-wages-do-not-rise

  • How Likely Is It That Toronto Will Suffer A Recession Considering House Prices And The Consumer Debt Continues To Rise At A Very Fast Rate And The Wages Do Not Rise?

    Ontario is bankrupt and attempting to use immigration to offset the problem temporarily, which only exacerbates the problem long term. It’s not so much that Toronto will suffer a recession but it will (like Detroit, Hartford…) eventually end up with vast ghettos, and an inability to maintain its infrastructure, followed by an inability to justify the governmetn.

    This is a common cycle that many states get into when they are large enough to accumulate enough debt that there is no correlation between their actions and the consequences due to the time it takes for consequences to occur.

    https://www.quora.com/How-likely-is-it-that-Toronto-will-suffer-a-recession-considering-house-prices-and-the-consumer-debt-continues-to-rise-at-a-very-fast-rate-and-the-wages-do-not-rise

  • Why Do Some Economists Believe That American Corporations Will Close Down Their Overseas Factories And Come Back To America And Lower Prices And Hire Droves Of Americans When They Are Doing Just Fine Right Where They Are?

    The only reason to go overseas is to avoid taxation or to obtain cheap labor. As emerging economy labor increases the value of low cost labor diminishes. However, the primary reason is simply cultural and institutional. It’s just a lot easier to do business in America than anywhere else on earth. The entire society is organized to help businesses compete.

    https://www.quora.com/Why-do-some-economists-believe-that-American-corporations-will-close-down-their-overseas-factories-and-come-back-to-America-and-lower-prices-and-hire-droves-of-Americans-when-they-are-doing-just-fine-right-where-they-are