December 6, 2013

Weekend Topic Suggestions

Please post topic ideas here!

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Comment by Mr. Bitcoin
2013-12-06 04:34:52

Could somebody please explain to me why I exist?

Comment by Whac-A-Bubble™
2013-12-06 06:43:38

Do you think?

If not, perhaps you don’t exist, either, other than as a figment of overpaid geeks’ imaginations.

Comment by Mr. Bitcoin
2013-12-06 07:07:34

It’s a tough existence, this living the life of a concept.

Comment by Mr. Bitcoin
2013-12-06 07:10:37

Others think, therefore I am.

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Comment by Mr. Bitcoin
2013-12-06 07:12:41

If other’s stop thinking will I then vanish?

or …

If others BEGIN thinking will I then vanish?

Comment by Whac-A-Bubble™
2013-12-06 08:22:29

If others stop thinking, your price will keep rising.

Comment by Neuromance
2013-12-06 19:44:20

You might need a company to create a physical representation of you. Then it will be easier to accept your existence.

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Comment by Whac-A-Bubble™
2013-12-06 05:21:35

Is Bitcoin past the peak, or destined for yet another higher one?

Comment by Whac-A-Bubble™
2013-12-06 05:23:41

If only you had gotten into Bitcoin early, you, too could now use it to buy a Tesla.

December 6, 2013
10 things you can buy with bitcoins

You can register a domain name, pay for web-hosting services with and sign up for an online dating service with bitcoins, the country-less currency that’s soared in value this year. But the market for the virtual currency is going mainstream. They’ve reportedly been used to buy a Tesla Model S in California, and you can even buy a pair of Alpaca socks. The socks, from Grass Hill Alpacas (left) are 78% pure Alpaca, 20% nylon and 2% Lycra. At $20 a pair, you could buy more than 50 pairs with a single bitcoin, currently trading around $1,025. Here are more things you can buy with bitcoins. — Quentin Fottrell

Comment by octal77
2013-12-06 08:54:54

Weekend topic suggestion

Could bit coins be used to purchase real estate?

Can a mortgage be obtained in bit coins instead of dollars?

If the answers are “yes”, then would not the Federal Reserve
be out of the loop and the cost of bit coin money be market based?

Comment by octal77
2013-12-06 09:13:25

Meant to say:

“… the cost of real estate be market based?”

In other words, real estate transactions priced in bit coins would reflect true market values, not some hyped up, bubble caused by manipulations courtesy of the Federal Reserve.

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Comment by Whac-A-Bubble™
2013-12-06 05:33:15

It was fun while it lasted, but it’s over now.

Comment by Whac-A-Bubble™
2013-12-06 05:36:11

5 December 2013 Last updated at 07:31 ET
China bans banks from handling Bitcoin trade

China has banned its banks from handling transactions involving the Bitcoin virtual currency.

The ban came in a notice issued by the People’s Bank of China, financial watchdogs and the nation’s IT ministry.

Bitcoins were a “virtual good”, had no legal status and should not be used as a currency, it said.

The decision comes after bitcoins’ rapid rise in value was called a “bubble” by Alan Greenspan, former US Federal Reserve chairman.

The ban was imposed because bitcoins were not backed by any nation or central authority, said the notice.

It added that it was planning to step up its efforts to curb the use of bitcoins to launder cash.

Individuals were still free to trade in bitcoins but should be aware of the risks involved, said the People’s Bank of China (PBOC), adding that it planned to formalise the regulation of exchanges that dealt in the digital cash.

How Bitcoin works

Bitcoin is often referred to as a new kind of currency.

But it may be best to think of its units being virtual tokens rather than physical coins or notes.

However, like all currencies its value is determined by how much people are willing to exchange it for.

To process Bitcoin transactions, a procedure called “mining” must take place, which involves a computer solving a difficult mathematical problem with a 64-digit solution.

For each problem solved, one block of bitcoins is processed. In addition the miner is rewarded with new bitcoins.

This provides an incentive for people to provide computer processing power to solve the problems.

To compensate for the growing power of computer chips, the difficulty of the puzzles is adjusted to ensure a steady stream of about 3,600 new bitcoins a day.

There are currently about 11 million bitcoins in existence.

To receive a bitcoin a user must have a Bitcoin address - a string of 27-34 letters and numbers - which acts as a kind of virtual postbox to and from which the bitcoins are sent.

Since there is no registry of these addresses, people can use them to protect their anonymity when making a transaction.

These addresses are in turn stored in Bitcoin wallets which are used to manage savings.

They operate like privately run bank accounts - with the proviso that if the data is lost, so are the bitcoins owned.

Comment by oxide
2013-12-06 06:23:13

This is from yesterday:

Comment by Tarara Boomdea
2013-12-05 20:15:34
more fat bashing today on the HBB

I saw this a couple of months ago, interesting:
What if We’re Wrong About Diabetes?
The food is bad. The nutrition advice is generally bad.

I think these really obese people are canaries in the coal mine. When did they start to appear? When the food became Frankenfood? I’m sure Henry the Eighth was just a little chubby in comparison to an average size person.

Tarara, a few pioneers raised doubts about modern nutrition advice began in the 80’s, and with more evidence piling on, the skepticism has become widespread in the past few years. The idea that fat makes you fat and that everybody can exercise off the pounds is pretty much hogwash. I don’t exercise AT ALL and yet I maintain weight – until I eat popcorn or potatoes and the weight comes on. One of my co-workers trains for 5K’s and works out. Her calves are chiseled but her middle is fatter than before she started training. Another co-worker is a triathlete who carries an extra 20 pounds. Another friend could bench 150 and mountain bike for hours, but it was only when he changed his diet that he dropped 45 pounds. Being sedentary plays a part, but it’s much smaller than we think.

We are fat because of a combination of carbs, frankenfood, and frankencarbs. From what I can tell, from 1975-1985 was the critical period. During that time, there was the invention of high fructose corn syrup, computer and computer games entering the home, use of GMO, spread of CAFO cows fed antibiotics and (GMO) corn to fatten them up, loss of physical factory jobs, invention of stressful cube farms (see computer), the invention of corn extracts (guar gum etc) as preservatives for processed food, women entering the workforce and having time only to nuke a processed meal, the invention of extractive seed oils like soybean safflower sunflower canola and horrible margarine, the invention of the latchkey kid, Ancel Keyes going against a century of anecdotal advice and convincing the government that fat makes you fat, and worst of all, the invention of dwarf hybrid wheat, a new wheat strain which is addictive, isn’t well metabolized, and causes all manner of symptoms like acid reflux, skin problems, digestive ailments, joint inflammation, and of course obesity. It was also during the 1975-1980 period that we began seeing a rise in obesity, prescriptions for Tagamet and Prilosec (for acid reflux), adult diabetes in kids, celiac, gluten sensitivity, IBS, and the like. The correlation is pretty strong.

Part of the problem is that some people are more susceptible to this than others. There are a couple people on the board who exercise and can’t seem to take weight off. Others seem better able to handle the Frankenfood and stay thin, but think that it’s because of their own superiority (and IQ??!?) than through luckier genetics. I suspect that Henry the 8th WAS fat. Even before Frankenfood there was always the fat kid in gym class. Now there are 10.
Anyone who googles for “Paleo” or for Gary Taubes will find a wealth of info on this topic.

Comment by aNYCdj
2013-12-06 07:14:56

And the rise in Autism? Does any other country have as many diagnosed with this “disease”?

Comment by Tarara Boomdea
2013-12-06 12:21:38

England, Australia, Scandinavia

A lot of research comes out of England. One researcher (among many, with many different theories) is Simon Baron-Cohen (Borat’s brother).

Comment by goon squad
2013-12-06 08:36:59

I’m reading “Fat Chance - Beating the Odds Against Sugar, Processed Food, Obesity, and Disease” by Dr. Robert Lustig, after seeing him on C-SPAN recently.

See also his 90-minute lecture “Sugar: The Bitter Truth”

Comment by cactus
2013-12-06 09:32:32

the invention of dwarf hybrid wheat, a new wheat strain which is addictive,”

what ?

Comment by oxide
2013-12-06 12:12:24

This is the theory put forth by Dr. WIlliam Davis, who wrote “Wheat Belly.” This new wheat has more chromosomes and can synthesize new proteins that humans have never seen. One protein, gliadin, attaches to dopamine receptors and produces a mild chemical high, so you want to eat more wheat. Another mem that’s cropped up recently is this notion that we need to “eat every 2-3 hours to keep the metabolism fired up.” More nonsense. Needing to eat after 3 hours isn’t hunger, it’s a withdrawal symptom.

David Kessler, also subscribes to the theory. His book The End of Overeating focuses on the dopamine aspect.

Comment by Tarara Boomdea
2013-12-06 10:30:09

Exactly. I always knew I couldn’t tolerate carbs (around ‘75, saw Atkins for testing - not the nicest guy!)

I drive my family crazy with new decrees about what we aren’t buying anymore (HFCS, GMOs, canola oil, etc.) The lobbyists will get to work, then that particular food will be fine.

Comment by oxide
2013-12-06 12:27:55

Even without the lobbying, processed stuff is here to stay. There is no way to avoid that

Too many people confuse regular low carb with the ultra-low carb Atkins Stage 1. Atkins started off okay, but then Atkins ruined himself by making a business out of selling pre-prepared Paleo food. It’s an oxymoron.

Low carb isn’t catching on faster because media won’t touch it with a 10-foot pole. How do you make money off of telling people to NOT buy some foods and NOT to buy exercise equipment?

Comment by Housing Analyst
2013-12-06 12:43:28

You LIEberals can always make Cheetos illegal.

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Comment by Whac-A-Bubble™
2013-12-06 08:31:41

Does anyone know the opportunity cost of quantitative easing to U.S. savers?

Comment by Whac-A-Bubble™
2013-12-06 08:33:57

I never hear much discussion of the wealth redistribution inherent in the Fed’s monetary policy, other than from my 80-something dad, who thinks the stock market and bond market are too risky for him, but otherwise can’t figure out what to do with his savings.

Fed’s QE policy cost U.S. savers $360 billion
December 6, 2013, 10:20 AM
By Matthew Heimer

It’s a fact that’s been often noted and bemoaned: By suppressing interest rates in an effort to stimulate the economy, the Federal Reserve’s quantitative easing campaign boosted borrowers and banks at the expense of retirees and other income-oriented savers and investors. A recent report from McKinsey Global Institute (MGI) attaches some dollar figures to these “distributional effects,” and the sums are eye-catching: They estimate that between 2007 and 2012, U.S. households cumulatively lost $360 billion in interest income compared with what they would have earned if rates had followed their pre-recession trends.

Comment by octal77
2013-12-06 08:57:33

Weekend topic suggestion:

Could bit coins be used to purchase real estate?

Can a mortgage be obtained in bit coins instead of dollars?

If the answers are “yes”, then would not the Federal Reserve
be out of the loop and the cost of bit coin money be market based?

Comment by Rental Watch
2013-12-06 10:30:31

I heard a guy talk about how bitcoin would not be able to be used widely as a currency until the price was more stable. There are swings in single days of 10%+. For coffee, that might be OK, where the swing could be up/down 50 cents. With enough days, they wash out. For a single, large transaction, where the value could change by 10’s of thousands before you can convert the bitcoin to dollars, you wouldn’t want to do it.

Comment by RioAmericanInBrasil
2013-12-07 02:02:48

We should talk about how 30 years of public policy funneling our national wealth to the rich has affected America.

“Livin’ the dream”

sup·ply-side adj.
Of, relating to, or being an economic theory that increased availability of money for investment, achieved through reduction of taxes especially in the higher tax brackets, will increase productivity, economic activity, and income throughout the economic system.
The American Heritage® Dictionary of the English Language,

Comment by dollar stocks
2015-02-01 01:22:20

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