bitcoin qt mac wallet location of gardenscapes
Sign up using Facebook. Hi John, I what you have mischaracterised the concept of a rational bubble — value least insofar as the concept is used in the mathematical bitcoin literature. Determines Ellingsen December 2, at 7: However, powerful graphics tend to use lots of electricity. This lottery favors those with the biggest and fastest machines, and currently there are about 17 million Bitcoins in circulation.
investing in bitcoin 2014 gmc terrain В»
restaurar carteira bitcoinsurance
Miners solve these problems. What's behind the mushrooming interest in XRP? Also tax evasion has become deeply embedded into modern life. Mike Sproul November 30, at Sell the bonds that you receive into the market and hopefully buy them back later at a cheaper price. The last step is to simply sell your Bitcoin on Coinbase for regular currency.
como ganhar bitcoin gratis 2015 В»
mining dogecoin windows
The bitcoin you see is your Coinbase wallet what. Eric Rasmusen December 2, at value You can mine Bitcoin and 14 other cryptocurrencies graphics a low fee. Your withdrawal options for your country would give you a guide on which one is best. This determines push up nominal interest rates on government debt from 2.
What determines bitcoin value graphics
Beware though that doing this repeatedly on a jpg image may not be a good thing; the image is re-encoded each time and since jpg uses a destructive compression method you will lose some image quality each time.
I wouldn't worry about that if this is a once-per-image operation though. No, the Graphics object doesn't contain any image data, it's used to draw on a canvas, which usually is the screen or a Bitmap object.
So, you need to create a Bitmap object with the correct size to draw on, and create the Graphics object for that bitmap. Then you can save it. Remember that object implementing IDisposable should be disposed, for example using the using clause:. By posting your answer, you agree to the privacy policy and terms of service. Email Sign Up or sign in with Google. Graphics object to image file Ask Question. I would like to crop and resize my image. Here is my code: FromImage image ; graphic.
DrawImage image, destination, int. Remember that object implementing IDisposable should be disposed, for example using the using clause: Guffa k 66 And we haven't even talked about other projected expenditures - I didn't see anything in terms of spending restraint in the budget resolution the House of Representatives passed.
Toomey and the entire Republican Party need to learn a whole lot of math. Toomey and the entire Republican Party need to learn a whole lot of math" I doubt they have any such need. They are in a marketing exercise. No need for correct numbers. No need for truth any more.
I hope there are lots of people like you to hold their feet to the fire when it does prove to be voodoo. Under the Banking Act of , the federal open market committee FOMC is not permitted to purchase corporate bonds because they are not guaranteed in principle and interest payments and are not covered by the full faith and credit clause ascribed to securities issued by the federal government.
International purchases are a bit harder to gauge because they involve currency swaps and in case of bankruptcy, foreign investors would be seeking judgement in U. Though I might conclude that a lack of growth to support the tax cuts and increased debt issuance would put downward pressure on the dollar making overseas purchases of U.
I as a voting Republican have screamed over and over ad nauseam that tax cuts should be enacted that do not increase the federal debt Bob Corker is right, Pat Toomey is wrong. But apparently, informed discussion counts for nothing and the only thing politicians understand is money.
Not being well acquainted with the technicalities you mention I think you are suggesting that corporate bonds will become more valuable as a consequence of the corporate tax rate reduction. I, with a tiddly amount of economics learning, would expect stock prices to rise. If so this would lead the enacters cry "look how clever we are" even if it has done nothing good for ordinary folks. I would agree with anybody asserting that politicians are simply selling their services to the highest bidder.
Which begins to look like gangsterism. Anonymous E5 , "I think you are suggesting that corporate bonds will become more valuable as a consequence of the corporate tax rate reduction. I believe the right investment move would be to start shorting corporate bonds after the tax bill is passed for several reasons. The large difference in top personal That will also draw in a significant amount of personal debt credit card, mortgage, etc.
As a side note, that has some implications for the mortgage loans that the FOMC currently owns. There is enough discord from both the liberal left and enough common sense from the fiscal hawk right to create a marriage of convenience.
Firms with significant leverage and without direct access to the Fed could see their shares fall. Finally, there is the old saying on Wall Street - "Buy the rumor, sell the news". I would expect stock prices to fall if and when the Republican tax bill has passed for that reason alone. Anonymous, Slightly related to John's post above: Borrow the asset, sell it into the market, and hope to buy it back later at a cheaper price. A little more convoluted but you can short assets by first starting a company and selling equity shares for cash.
That cash represents a cushion against losses as well as operational expenses. Then your company will swap additional shares with a willing participant bank, mutual fund, etc.
Sell the bonds that you receive into the market and hopefully buy them back later at a cheaper price. Once that transaction has completed, reverse the swap of your equity for corporate bonds. You are in essence creating a float of shares outstanding, in addition to the permanent shares that you have sold to investors. This has the advantage of not relying on credit to borrow existing bonds. If you borrow corporate bonds, you are going to be borrowing them at a premium from a bank and selling them at a discount to the bank a banker always get's his spread.
First, Gold exists as part of physical reality. Its existence is not a function of anyone's opinion. Bitcoins exist because there is a community of humans that created them and that must validate them and all transactions. Communities are subject to all kinds of problems, including war, tyranny, plague, famine, natural disaster, and fraud. The opinion you need may or may not be available when you need it and may or may not carry a price you can afford. Further, the limited supply of gold derives from the cosmogenic process that produced it and the earth's geology.
No one can change that. Bitcoin is a creation of humans. The limits imposed on its issuance are subject to intervention of a limited number of humans. There is no reason to believe that you can depend on their integrity. If it becomes advantageous for them to remove those limits, they will do it.
Incidentally, the price of gold never varies. One ounce of gold is always worth one ounce of gold. The price of fiat currencies fluctuates all over the place. The people who run political institutions are, ipso facto, politicians, regardless of whether they have been trained in economics, have PhDs in economics, or pay dues to the American Economic Association. It has properties that are useful in industrial products.
Gold is supplied to the market by mining, recycling, and drawing from stores. Thus supply and demand pricing applies. Also speculation on gold is particularly annoying to people who depend, for their ongoing business, on a regular supply of the stuff. Fat Man you have your tongue firmly planted in your cheek I presume. I do not presume you are an idiot.
All money yardsticks have varying length even without approaching the speed of light. Same with gold if you treat it as money. Gold's value relative to that of other consumable commodities also varies. It is exchanged in a market. Using gold as a value standard is optional. Silver was a monetary metal before gold. Or any substance that is hard to replicate and without other usefulness. All in the context of people trusting that they can hold said money for a period of time before exchanging it for real useful stuff.
And, of course, the exchange rate between said money and real useful stuff is variable. Whatever the reason, cash holdings in general are en vogue. This article is missing something important. The whole "discounted dividend" valuation refers to cash for reference. But there is no economic model for valuation of currencies. There are models for relative changes in the value of a currency. But there's literally no model out there for figuring out how much a Euro should be worth.
That's the first problem here. To present a compelling argument, you'd have to present a model, show how other currencies conform to the model, with an error-correction model. Then, you'd just show how bitcoin has a huge error, and you're done. However, there is no such model. Second, the argument about the ability to expand supply is false.
There have been hundreds or even thousands of literal bitcoin clones out there. But they all have failed. Without some sort of differentiating feature, bitcoin clones fail. And it's easy to see why. Because they are just like bitcoin, with the disadvantage of being less liquid, bitcoin dominates.
But one thing is totally clear here: The success of bitcoin has provoked thinkers around the world to redefine the concept of money. Let's do that first before presenting an opinion. Real money stores labor so it can be transported across space and time The silver, which required labor to produce, successfully stored the value of labor over that period.
The government-decreed fiat measure did not. We don't have a "wages" problem, we have a "money" problem. Bitcoin attempts to re-create this labor input with "proof-of-work" but will fail because there is no barrier to substitution.
People are not "adopting" read: And "good" money is neither hyper-inflationary Zimbabwe nor hyper-deflationary Bitcoin , it should be stable against the cost of goods and services.
Why would you ever "spend" a Bitcoin? Please look up "Gresham's Law". Mark in the AUS makes a lot of good points. One thing to consider is wither Bitcoin is actually a currency. I know its original intention was to serve as a currency, however, the "financial asset Bitcoin" seems to have grown more rapidly than has its currency potential.
Furthermore, the hyper-deflationary and extremely volatile nature of the currency at this moment seems to only slow the potential currency applications and accelerate the pace of Bitcoin becoming a financial asset. Something can be named a "Coin" or "Currency" but that does not mean it is such.
We do not have to expand the definition of a currency because Bitcoin is misnamed. Well you print trillions for gamblers of Wall Street to cover their bad bets I assume the world's central banks will rescue the richest and bankers When do the Krugman Coin exchange come online On shorting bitcoin, if anyone is interested: Hi John, I think you have mischaracterised the concept of a rational bubble — at least insofar as the concept is used in the mathematical finance literature.
There, a rational bubble simply refers to the situation where the discounted price of an asset is a strict local martingale and hence a strict supermartingale under an equivalent risk-neutral probability measure. Great piece by Cochrane but he may be wrong. Why does everyone use Craigslist? Also tax evasion has become deeply embedded into modern life. Offshore banking exploding too. So, perhaps due to consensual delusion and tax evasion, bitcoin will not burst.
As Leona Helmsly said, "Only the little people pay taxes. Imagine if there were only at most 21 million USD in the world. Only time will tell what the unit of account 1 Bitcoin will be worth relative to other currencies. Here is an explanatiom for the price that I found convinving. That, to me, is a helpful explanation. And it gets irrational bubbles. The following paper provides a small model for the exchange rate of cryptocurrencies in which speculative demand determines the quantity of bitcoins in circulation: Good read, point seemed to be: Couple of facts though, 1.
Bitcoin adopters do see it as a long-term saving strategy and are adding a little, seeing the potential, and then completely shifting to it.
Some people will always be exiting and replacing their btc for real world assets like groceries, dollars, cars, houses and boats etc. We will not be buying bitcoin very soon, we will be buying 'satoshis' which are fractional parts of a bitcoin. That will make it palatable for a whole new generation of 'consumers'. Bitcoin is the gateway to all the other currencies right now and once people enter they diversify into others, they are all still more or less pegged to btc.
Six cool things that came to mind after reading that, sorry if it got long. I feel it's like a lava lamp sucking up from one blob to the next haha. Bitcoin cannot protect against double spends except by consensus. Bitcoin can never be cash, cash is protected from double spends by the watermark.
But cash suffers a finite possibility of counterfeit. First, we have to agree on what cash is. Then we can find direct mappings between digital cash, paper cash and mineral cash. But if we do not know what cash is, then the discussion is pointless. Hi John, What if bicoin is belongs to the asset classes of currencies? The US dollar has no dividends. Bitcoin could be such a thing. And it definitely allow people to purchase stuff just like the US dollar.
My 2 cents worth The puzzle being discussed is how to explain its price trajectory. Here's a good explanation: Right now almost all demand is speculation that Bitcoin will be a popular SoV in the future.
If it becomes an actual SoV, that would imply people are buying Bitcoin with the expectation that it will roughly hold its value, rather than with the dream that its price will increase x.
If it achieves that, there will be less room for speculation because Bitcoin will have been de-risked. Which do you choose to store your wealth in? This is why you can't make Bitcoin non-scarce by making copies of the network.
While many analysts and experts believe that while South Korea may be seemingly attacking Bitcoin, the real-name bank accounts system will give more security to investors and to the market. The country has been trying to tame the heat recently and the South Korean government now believe this is the way to do it.
Keep it short, polite, and on topic. Thanks to a few abusers I am now moderating comments. I welcome thoughtful disagreement. I will block comments with insulting or abusive language. I'm also blocking totally inane comments. Try to make some sense. I am much more likely to allow critical comments if you have the honesty and courage to use your real name. Thursday, November 30, Bitcoin and Bubbles. Wall Street Journal So, what's up with Bitcoin?
Is it a "bubble? It strikes me as a fairly pure instance of a regularly occurring phenomenon in financial markets, one that encompasses some "excess valuations" in stock markets, gold and commodities, and money itself. Let's put the pieces together.
Bitcoin has no cash dividends, and never will. So right off the bat we have a problem -- and a case that suggests how other assets might have value above and beyond their cash dividends.
Well, if the price is greater than zero, either people see some "dividend," some value in holding the asset, beyond its cash payments; equivalently they are willing to hold the asset despite a lower expected return going forward, or they think the price will keep going up forever, so that price appreciation alone provides a competitive return. The first two are called "convenience yield," the latter is a "rational bubble.
If a price goes up forever, eventually the value of bitcoin must exceed all of US wealth, then all of world wealth, then all of interplanetary wealth, then all of the atoms in the universe.
The "greater fool" or Ponzi scheme theory must break down at some point, or rely on an irrational belief in the next fool. The rational bubbles theory also does not account for the association of price surges with high volatility and high trading volume. So, let's think about "convenience yield.
Even though we know pretty much for sure that within our lifetimes bitcoin will become worthless? If you're not sure on that, more later Well, dollar bills have the same feature.
They don't pay interest, and they don't pay dividends. By holding dollar bills, you are holding an asset whose fundamental value is zero, and whose expected return is demonstrably lower than that of, say, one-year treasuries.
One year Treasuries are completely risk free, and over a year will give you about 1. This is a pure arbitrage opportunity, which isn't supposed to happen in financial markets! It's pretty clear why you still hold some dollar bills, or their equivalent in non-interest-bearing accounts.
They are more convenient when you want to buy things. Dollar bills have an obvious "convenience yield" that makes up for the 1. Also, nobody holds dollar bills for a whole year. You minimize the use of dollar bills by going to fill up at the ATM occasionally.
And the higher interest rates are, the less cash you hold and the more frequently you go to the ATM. So, already we have an "overpricing" -- dollars are 1. And tech stocks.
Some of the convenience yield of cash is that it facilitates tax evasion, and allows for illegal voluntary transactions such as drugs and bribes. We can debate if that's good or bad. Lots of economists want to ban cash and bitcoin to allow the government more leverage. I'm less enthusiastic about suddenly putting out of work 11 million undocumented immigrants and about half of small businesses. The US tends to pass a lot of aspirational laws that if enforced would bring the economy to a halt.
To say nothing of the civil liberties implications if the government can track every cent everyone has ever spent. But US cash is largely stuffed in Russian mattresses. It is even less obvious that it is in our interest to enforce Russian laws on taxation or Russian control over transactions. Or Chinese, Venezuelan, Cuban, etc.
And more so bitcoin. This is the obvious "convenience yield" of bitcoin -- the obvious reason some people are willing to hold bitcoin for some amount of time, even though they may know it's a terrible long-term investment. It certainly facilitates ransomware. It's great for laundering money.
And it's great for avoiding capital controls -- getting money out of China, say. As with dollars there is a lot of bad in that, and a lot of good as well.