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Joined 1 year ago
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Cake day: July 13th, 2023

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  • Well, a lot of stock trading isn’t as simple as just stock picking, buying and selling individual stocks.

    Much of the market is made up of derivatives trading, such as options, where you aren’t trading the stock itself, instead you are trading the option to buy the stock.

    The value of the option is derived from the value of the underlying asset, but it is not absolutely coupled to it (this is how a lot of the money is made, by finding market inefficiencies and capitalizing on things like slippage, where there is a mismatch in the value of the derivative and it’s underlying)

    What the person above is saying is that, when it becomes no longer profitable to trade underlying assets directly, new derivative markets will be invented that trade around other underlying assets.

    Think about unregulated Bitcoin trading for example, while contrived, imagine a crypto currency that is coupled with the price of another asset (these exist, like USDcoin) such as a stock, future, option, or something else.

    I should add, typically the derivative kind of collapse into the underlying at some point, but in the case of an option, it might be traded 100 times before that happens, during each of those trades the actual asset (e.g. the underlying stock) doesn’t actually change possession, and a given side of the contract may or may not be changing possession. If you write a call option for a 100 shares of Ford you own, you aren’t selling the stock unless the actual call gets assigned and you are required to fulfill the contract, but the ‘buyer’ side of the contract could have been sold 100 times in the meantime.

    All this to say, it’s complicated and there are lots of opportunities for shady shit to happen.







  • You keep posting this graph with no context, but the euro has also had very high inflation.

    This is bad faith and you know it, that’s why you aren’t actually discussing it, just posting a misleading graph.

    USD had 141% cumulative inflation since 1990

    Euro has 115%

    The pound has 143%

    Brazil ( a member of brics) has nearly 1000% since 1994 (25 million percent from 1990 like the other countries.

    China, arguably the biggest contender for stability in brics has 160% inflation.

    Why aren’t you including charts for all of these countries? And why are you using a chart showing inflation values from before USD was used as the international currency in 1944 with the bretton woods conference, without demonstrating why that is important and what it means? Given that this is in the context of global currencies.


  • Isn’t the first graph just general inflation? What does purchasing comparing purchasing power mean in this scenario? And how does it compare to other currencies like the pound or the euro?

    Also the conclusion of the second article you linked seems to indicate that no other large scale currencies are replacing the shares of the US dollar, instead things like gold and diversified currencies are taking up this space, those don’t take the place for international trade.

    Neither of these seem like a death knell for USD to me.












  • TPM isn’t inherently bad, it’s just a way to cryptographically store keys. TPM overall is great as it gives you a very secure way to store things like encryption keys.

    You also don’t need TPM to lock down a system. Locked bootloaders have existed for decades and platforms have historically rolled their own encryption modules as they wanted, like your ipad example, or any video game console in the last 20 years, or most mobile phones, etc.

    The ‘knows enough to be dangerous’ crowd has been fearmongering about tpm since it’s been introduced, it isn’t some magic bullet for vendor locking, since vendor locking is already achieved.