good 400m time for 30 year old
One thing I must say and what most people forget is that bitcoin is also a form of gambling and which actually explains some of its success. It's psychological anchoring and a mixture of greed combined with a technical innovation which isn't terrible per se, but which does not in fact solve the problem it was originally designed to do. I did a 5k time trial today and lowered my pr from around 19:30 to 19:00, even with horrible (first lap 76 seconds) pacing. Cryptocoins are subject to majority attacks and rules that can change at any time based on the miners preference. This study is from the Performance characteristics of professional players aged 13 â 18 years old on Scientific-football.comâ¦. BTC trades like it does because a whole lot of people want to get rich quick. ...and if you don't cherry pick one of the most volatile, well known stocks in the market? I think it was a pop culture, snake oil salesman thing that brought it into the zeitgeist. Now it has become inevitability because its price is going up and therefore by induction it has become more valuable and necessary for the whole society. yes, bitcoin transaction is finite and irreversible as soon as signature is published via any possible information channel and sufficient number of blocks are found on top of the one that includes the transaction. It's not a good surrogate for every other company. Adopting BTC is de facto handing over sovereignty of your currency to the PRC [1]. Of course when popularity really increases fees will have to counter the rate of deflation, which will roughly equal economic growth, or nobody would ever trade out of it, and at the point it's the real collapse. It's not a currency because you can't use it as a currency. Koblenz, August 31 1983 1st 47.02 (WR) Again it was a three-year gap and again Schmid and Phillips were in the field. Not sure what you are smoking. The short term rate has sat at 0, but the long term rate has always been above 0. Geologists probably have a reasonable model for how much gold is easily accessible. But once you calculate over >3 months you get volatility comparable to stocks. The world will have infinite transfer capabilities of other "scarce" non-fiat and fiat pegged coins without BTC (including other electronic currency based services). There's no personal need for affordable AAPL stock is there? How do you explain that, if anyone can simply create more value out of nothing? For the statistically inclined, you could look at this as an application of the central limit theorem. > So, here's what I don't get about Bitcoin. That is only double what it was a month before, and only 10x what it was a year ago! Then by the year 2147, bitcoin is mined out, with the majority of those 30 institutions still holding the majority of their bitcoin stashes. Zahir was seen as the clear favourite yesterday and that was reflected at the end of the sprint, with second-placed Ashrafuzzaman clocking in at 48.60 seconds and third-placed Moin Uddin taking 49.60 seconds. After missing out in the final of the 400m event of the last South Asian Games in Nepal due to respiratory problems, Zahir wanted to better his time despite the limitations on training levied by the Covid-19 pandemic. When the money is stagnant, it becomes harder to convince people to spend it. >> If someone takes your Bitcoin Your solution is that people give their private keys to the government? Companies don't move their cash into stocks like that so it isn't something that was an alternative for this use case. There are presumably deposits of gold that we don't yet know about. Price going up makes the network more valuable, which allows you to store and transfer more money. The idea that BTC is a currency is long gone. If interest rates come anywhere near historical norms we will be spending all revenue just to pay interest. Hardware wallets generate a new address for each transaction (receive & transmit). it is basically Facebook or Google for money. "...so that took us to cryptos and we looked at 6500 cryptos and we found that BTC is the dominant network. It's not gold that gives fiat currency value. There are many abandoned houses that show this value is not inherent, but rather conditional and context-dependent (like all other value). The US can pay off any amount of debt, because their debt is measured in USD and congress can issue new USD as needed. Is there any danger of a K-shaped recovery in which the fed is forced to accept massive inflation in parts of the economy in order to prevent deflation in others? You might want to read about bitcoin's stock to flow: https://medium.com/@100trillionUSD/modeling-bitcoins-value-w... Sure, the code says that it will stop when 21 million are mined, but there's no real guarantee that the code won't change before we reach that point. Technically this is only nominally government currency since it's just bank credit denominated in USD. In short, the only reason to grab bitcoin, is so you can trade it to someone else later who thinks it has value, which means it only has or holds value because people thinks it does or will - same as anything else. bitcoin allows you to send and receive bitcoin securely and without asking permission. Well, if all the bitcoin has come into existence and is already owned by members of society, how will new born people who come to exist in the world - come to acquire bitcoin to do trade with? bitcoin nearly tripled from jan to nov, and has had daily volatility, both pos and neg, that doesnt seem representable by a flat line. At $1, you can't move around $10m worth of bitcoin (that's like half of the possible supply). So the fact that it could even be banned by any particular country is kind of part of its value proposition. But there aren’t that many Venezuelans, and it seems like most of the speculators are American. Ignoring the fact that everyone values BTC in USD (or a local fiat currency of your choice), a “value” that you never access is meaningless. i didn't express myself correctly. When it approaches M3 money supply, expect an attempted government action. This is not just some nice property that it currently has, it's part of the "intrinsic value" of BTC. Many people in this thread on the wrong side of the Dunning-Kruger curve. The Boeing 747-400 is a wide-body airliner produced by Boeing Commercial Airplanes, an advanced variant of the initial Boeing 747.The "Advanced Series 300" was announced at the September 1984 Farnborough Airshow, targeting a 10% cost reduction with more efficient engines and 1,000 nmi (1,850 km) more range. > I want a heck of a lot less volatility in what I use to pay my bills and buy things than I'm willing to accept in my investment portfolio. Of course, having some better solution that doesn't need energy as its source of trust would be great, and perhaps proof-of-stake will one day work. This causes the money supply to drop, reinforcing the deflation, and dropping the demand for labor as the real cost of wages rises, triggering more savings as consumers worry about losing their jobs. I could not train well amid the pandemic but I tried to train with the help of the Bangladesh Navy and Bangladesh Athletics Federation," said the former BKSP student, who ran with a blue sprint suit for the first time. Crypto's value is only what it can be sold for. Companies hoarding Bitcoin is the first sign that this might be happening now. I was talking about 3-month volatility in 2020, you are talking about daily volatility today. (and it already is to some extent) but for now their policy is still assuming there has only been a small amount of inflation this year. Most people intuitively grasp supply and demand and other basics. All the crypto maximalism comes from people who forgot to attend ECON-101. Probably not. Rather, the transfer across boundaries piece is the fallback, the actual goal is to claim a deflationary estate and then get the world to use the medium to drive up value. I feel like this whole pitch makes sense until you get to that part. I don't think the comparison to TSLA et al makes sense. One day a house may cost 700,000 satoshis. Literally the point of assets is they go up in price over time. Only a few can run it under 6.3, A teammate of mine runs it in 6.25. The idea conveyed here is that scarcity being the foundation of value is a myth. Come on. Yes but the amount of amber, gold, silver, etc. You just have to look at natural ecosystems to see the reality of this; almost anywhere there's an energy gradient creating a niche there's some lifeform taking advantage of the situation. I mean, unless if you need to actually use that value. The hashpower goes to the place where waste would be the cheapest, and that's China. New in this post was the author's stance to trust the Fed to keep inflation predictable: Believing that inflation rates in the next years won't spike as a result requires an amount of trust even more artificially inflated than the USD today. I want a heck of a lot less volatility in what I use to pay my bills and buy things than I'm willing to accept in my investment portfolio. For people without prejudices, interested in understanding the subject, I strongly recommend Perry G Mehrling's lecture on the Economics of Money and banking on coursera: https://www.coursera.org/learn/money-banking, https://www.investopedia.com/terms/m/m1.asp. That's what it means to say that goods lack intrinsic value. Less liquid investments tend to be a lot more volatile, because there are fewer people with orders in the order book and fewer people paying attention to take advantage of market inefficiencies. > there is no such thing. Even that I'm not sold on. >The reason Bitcoin is worth as much as it is, is precisely that many Bitcoin "hodlers" are not selling, because they understand that Bitcoin has a fixed supply while the USD continues to inflate, which increases wealth inequalities and enables government to spend money with less democratic oversight. That being said, long term it's not looking good for the USD. even jewelery use-value was mostly driven by exchange-value, so that would become irrelevant as well and the market would be flooded by worthless golden trinkets and rings. Give it a bit more time. The 21-year-old sprinter made an electronic-timer record in 400m event of the 2019 National Championships with a time of 46.86 seconds to eclipse the time ⦠Nor do I buy your 15-20% hurdle assertion: if your annual salary of say $100,000 was worth just 10% less each year (as in, real inflation of 15% minus 5% worth of nominal income growth, a generous income growth assumption) $100,000, over just five years, it would be worth the equivalent of ~$60,000 in year 0. Why are those capabilities enough to drive the price of a Bitcoin up? There is no way I'd 'let it ride'. Not to mention, if you look at inflation rates by decade, the Fed has historically done a terrible job of keeping inflation rates at the 2% target level since Bretton Woods [0]. This is one big if, and it will still be prosecutable by courts, as evidenced by all the current legal cases about crypto theft. Various forms of toxic waste, for example, aren't particularly common and have negative value. Especially considering that those 30 people/institutions had hoarded so much of it, and as the number of goods and people in society grows, there are fewer and fewer bitcoins available for everyone else to do trade with as time goes on? > Has the wealth gap and ensuing social unrest caused by this bifurcated inflation historically caused nations to fall? Pay it off at the end of the month. But it also makes sense they want dollars because dollars can pretty much be spent on anything anywhere. all value is extrinsic and assigned by market. A) Bitcoin's ability to support that assurance is tied to the consensus model of bitcoin. > You'd have to convince the whole ecosystem - miners, exchanges, wallets, buyers, sellers, etc. What if it's a cold storage wallet that is 2of3 signature protected and signatories are in different countries? Not all property rights no, of course not, however it's fairly obvious that the government has the freedom and/or duty to impose restrictions on property as necessary. The last time I looked into this, the mined gold supply seemed to be increasing at a fairly steady 2% per year, over the last N decades I was able to find good data for. >Bitcoin was less volatile than AMZN or AAPL in 2020 (3-month realised volatility). Blacklisted wallets can just send microcents (dust) to whitelisted wallets, which would now have to be blacklisted as well. But is that what we mean when we say "without censorship", really? its 25x bigger than the next closest thing that looks like it, and has more than $200bil monetary energy in it. Bol, who ran a world-leading 53.79 for the 400m hurdles last year, took to the track just a couple of minutes later. The 1-day price chart via Google shows a drop from ~33,700 @ 4:00 am UTC to ~28,900 @ 10:30 am UTC. Eventually, the price of things will eventually no longer be measured in bitcoins, but fractions of a bitcoin (satoshis). BTC is mainly appreciating against fiat currencies whose values is being driven down the toilet by their own governments, printing billions day in day out. We can even automate the process for you if you trust us enough to give us your wallet keys. But the fact of the matter is that there is no better alternative today, and the traditional governmental currencies don't count. all value is extrinsic and assigned by market. You should read about US sanctions, that's actually pretty close to the truth. Just that it's inherently no better/less problematic than the inflationary currencies we already have (economically speaking), despite many proponents claiming otherwise. This is simply ridiculous. Why should governments be in the business of telling people what type of property they can and can't own? All of this is gambling, not some rational modeling of how the bitcoin price will move. The exception is of course money, whatever good it is that is winning the Keynesian beauty contest of "good which I think everyone else will want as much of as they can get". The first sentence of the bitcoin whitepaper is literally "A purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.". > But the fact of the matter is that there is no better alternative today, and the traditional governmental currencies don't count. Are you going to die if you can't afford AAPL? Why are those capabilities enough to drive the price of a Bitcoin up? The Daily Express and Sunday Express columnists among them Ann Widdecombe, Vanessa Feltz, Frederick Forsyth. What did you expect would happen? I don't mean "if we collectively wanted to" to suggest that people will just up and choose to do so tomorrow, only to say that it's that lack of collective will, rather than true scarcity, that restricts the number of bitcoins. One day you will want to do something with it, and on that day the risk of a 20% fluctuation is a big problem you’ll have to deal with.
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