• Madison320's Avatar
    11-22-2022, 01:56 PM
    There's nothing wrong with pointing out possible voter fraud as long as you're not suggesting we do something about it at the federal level. I'm sure you can see the dangers of doing that. If a state has possible voter fraud, let that state handle it. Otherwise you are federalizing the elections and that's far more dangerous than localized fraud.
    36 replies | 947 view(s)
  • Madison320's Avatar
    11-16-2022, 01:26 PM
    At first I felt like russia and ukraine were both equally bad and we should stay out. The more I hear the more I think ukraine are the bad guys in this. Of course we should still stay out.
    56 replies | 3743 view(s)
  • Madison320's Avatar
    11-16-2022, 11:54 AM
    You were right. Yesterday all the MSM articles were saying it was a russian missile like it was a fact etched in stone. Now they've quietly changed the story to a probable ukrainian missile. It's so obnoxious.
    56 replies | 3743 view(s)
  • Madison320's Avatar
    11-16-2022, 08:56 AM
    I agree, if I was poisoned the antidote would become very valuable. I guess I'm just assuming the context is "for the average human". There's a lot of variables that go into what determines the price of something. The benefit, the scarcity, the cost to make it. Even with my house vs picture of house example there could be a rare example when the picture has a higher price. But with crypto the question is easy because the benefit=0.
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-15-2022, 03:53 PM
    That's one way to admit you're wrong. :) I accept.
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-15-2022, 02:54 PM
    Ok so why does a house almost always have more marginal utility than a picture of a house if it's completely subjective? My point is that marginal utility is NOT completely subjective, there are some objective elements to it. Can it provide shelter? Food? Improve your health? Bitcoin has none of that. It's a digital token.
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-15-2022, 02:32 PM
    Ok what if I changed my original statement to this: "Marginal utility" exists and bitcoin has no "marginal utility". Would you then agree?
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-15-2022, 02:23 PM
    That's my point. Intrinsic value, utilitarian value, plain old value. It's all the same. So if Occam says there's no such thing as value why are houses valued more than pictures of houses? Just random? The fact that a house keeps you warm, dry and safe has nothing to do with it?
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-15-2022, 01:52 PM
    Ok, I'll use value instead of intrinsic value. So why are houses valued more than pictures of houses?
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-15-2022, 12:44 PM
    I'm with you on this. I think the indirect method is a little better, but not much. With the direct method people vote for the senator who will get them the most free stuff. With the indirect method people will vote for representatives who will vote for senators who will get the most free stuff. A little more of a buffer, but not a game changer in my opinion.
    94 replies | 2824 view(s)
  • Madison320's Avatar
    11-15-2022, 12:33 PM
    I've always felt the difference was overrated. Either way people tend to vote for the politician that promises the most free stuff. That's why we have 31 trillion in debt. I like the idea of limiting the vote in some way so that people can't vote to steal.
    94 replies | 2824 view(s)
  • Madison320's Avatar
    11-15-2022, 12:09 PM
    Yeah, intrinsic value, utilitarian value, it's all the same thing. How much will it add to your life? If it's 20 below a house is pretty damn useful. A lot more than a picture of one. And yeah, it's not an exact science. It's not like you look at a house and can calculate that its intrinsic value is $230,014.76. Some people value some things more than others but overall, on average, there's a rough estimate on the intrinsic value of things.
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-15-2022, 11:16 AM
    That shows you how desperate the markets are for the fed to pivot to easy monetary policy.
    628 replies | 105307 view(s)
  • Madison320's Avatar
    11-15-2022, 10:42 AM
    So if there's no such thing as intrinsic value why is a house almost universally worth far more than a picture of a house?
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-14-2022, 05:32 PM
    That's because gold is real. Obviously anything real is going to be harder to move around than nothingness. So I guess in that sense bitcoin has an advantage since it's nothing. It doesn't matter that the most common use of the blockchain is to keep track of who owns bitcoins. The blockchain and bitcoin are 2 separate things.
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-14-2022, 03:34 PM
    Why can't you transfer ownership of the gold electronically? You don't have to actually move the gold. As I said before you're getting the blockchain confused with the bitcoin. Bitcoin has no intrinsic value.
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-14-2022, 01:35 PM
    The ultimate problem with crypto is that it has no intrinsic value. And eventually its price will match its intrinsic value. And I've heard the arguments: "but there's no such thing as intrinsic value" it's not an exact science but there most certainly is such a thing as intrinsic value. for example is a picture of your house worth as much as your actual house? "but there's value in the technology"
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-14-2022, 01:25 PM
    Yeah, that FTX, Ukraine thing is pretty far-fetched. On the other hand it's almost a 99% certainty that we're not at war with Russia to free the Ukraine. I don't know what the hell the Biden administration is doing over there but he needs to stop before he gets us all killed.
    133 replies | 9296 view(s)
  • Madison320's Avatar
    11-11-2022, 02:20 PM
    I think the root of the problem is unrestricted democracy. The candidate who wins is usually the one who promises the most free stuff. I don't think you should be allowed to vote if you are getting more money from the government than you are paying in taxes. It's a massive conflict of interest. Maybe there's a better way but I don't know what it is. And if you really value your vote you can still vote. Just stop taking welfare and you can vote. We're getting close to the point where budget cuts are going to be forced on us by reality. I think high to hyperinflation will be the end of the "free stuff" era for awhile.
    79 replies | 2659 view(s)
  • Madison320's Avatar
    11-11-2022, 01:51 PM
    Yup. And usually if a company is paying dividends, that means they are making a profit. My theory is high dividend paying companies are more likely to be a "real" business. I've lost money like everyone else but I think I've lost less than the average. I'm down about 10%. But I feel more secure knowing I own real companies that make real things like cars and oil and food. Compared to dotcom companies that just have a website.
    79 replies | 2659 view(s)
  • Madison320's Avatar
    11-11-2022, 01:10 PM
    I guess the idea is if the dollar loses value in relation to other currencies, foreign stocks will go up, even if their local price doesn't. Another reason is most of the high dividend low pe stocks are foreign. Also for diversity. I think if you're a us citizen you're already invested in the US, Social security and medicare for example. So if I'm wrong and the US does well at least I'll still be getting my ss check. But if the US fails at least I'll have my foreign assets. The problem is all this inflation has been bad for my inflation hedges. :)
    79 replies | 2659 view(s)
  • Madison320's Avatar
    11-11-2022, 01:03 PM
    The reason I ask is that you don't seem to worried about the size of government. I would think that would be at the top of the list for an anarchist. I'm a minarchist and I think the size of government is by far the biggest problem for us. We need to elect leaders who will reduce spending, at this point even slowing the rate of increase would be an improvement.
    79 replies | 2659 view(s)
  • Madison320's Avatar
    11-11-2022, 12:58 PM
    Companies with high dividends that make stuff we need. Foreign companies. PMs and mining stocks.
    79 replies | 2659 view(s)
  • Madison320's Avatar
    11-11-2022, 09:25 AM
    I thought you were an anarchist? I'm at the point now where I don't even care. I only care about how it's going to affect my investments. Since both parties are committed to unlimited spending my investment strategy is still inflation based. At this point the only thing that's going to stop the spending is hyperinflation.
    79 replies | 2659 view(s)
  • Madison320's Avatar
    11-10-2022, 04:32 PM
    You make it sound like if Trump had his way he'd fix things. That makes no sense given we now know for certain that Trump believes in not just bigger govt but massively bigger govt.
    79 replies | 2659 view(s)
  • Madison320's Avatar
    59 replies | 5488 view(s)
  • Madison320's Avatar
    11-08-2022, 06:21 PM
    Spending under Trump went from 4.1 trillion to 7.2 trillion https://www.presidency.ucsb.edu/statistics/data/federal-budget-receipts-and-outlays What's really annoying is all the economically illiterate Trumpsters criticizing inflation. Government spending is by far the biggest cause of inflation and there's a long lag. At least half of the inflation we're experiencing was caused by Trump. Not that Biden is any better on govt spending, he's worse but not by that much.
    59 replies | 5488 view(s)
  • Madison320's Avatar
    11-08-2022, 04:05 PM
    So everyone is worried about voter fraud. I get that. Mail in ballots are stupid for example. But I defend the right of states to do stupid things. The worst response is to try to "remedy" the situation at the federal level. That's a disaster waiting to happen. Right now most of you would agree since biden is president but that wasn't the case back when trump was in charge. Most of y'all wanted the Feds to "fix it".
    19 replies | 660 view(s)
  • Madison320's Avatar
    11-08-2022, 03:17 PM
    When you say "failure to drain the swamp" if you mean "reduce the size of government" then I agree with you. And he didn't need any help, all he had to do was use his veto power. But he never did. By far the most important criteria for socialism is the size of government. Massive government and free market capitalism don't go together. Trump moved us towards socialism and away from capitalism more than any other president in history. He DOUBLED the size of government in 4 years! We need someone with the balls to reduce the size of government. Trump is a populist, he would never consider it.
    59 replies | 5488 view(s)
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