Bitcoin is still early

[xraygoggles]

depends on how fast you need final settlement. 4-6 blocks is common, which is about an hour. That’s perfectly fine to me.

I’m not talking about buying lattes

have you ever held your own coins and made an on chain transaction?

Yes ofc I have, it's pretty slow, especially when you compare it to some of the shitcoin networks - also, if even the "shitcoin" networks are faster, what would be an appropriate name for the bitcoin network

[jacoavlu]

Yes ofc I have, it's pretty slow, especially when you compare it to some of the shitcoin networks - also, if even the "shitcoin" networks are faster, what would be an appropriate name for the bitcoin network

there are no solutions, only tradeoffs

you can have faster block times, larger blocks, more programmability, more on chain privacy, but all of those things come with tradeoffs

i don’t think any coin other than bitcoin exists to actually try to be money.

[MMJB LLC]

“ In simple terms, there is not a lot of liquidity, an entity has to offer a higher interest rate in order to get some one to buy their debt. This week, several entities couldnt get anyone to buy their debt at certain time..”
Macro economic, interest rates are actually at historically normal levels.
Microeconomic, as you say, someone or an entity gets hit with drastically lower asset valuations and needs debt has a problem. The interest rate and credit market isn’t the problem. It is the micro level that the pain occurs.
Interest rates are rising to reduce inflation. This reduces availability of credit only due to higher costs. Heathy entities will have ready access to credit, but at a higher cost.

Example: Mortgages are readily available to qualified buyers, they just aren’t at artificially lower rates.
Thank you for your thoughts and praying for me.
My assets to a hit, but I don’t have a need to float debt. I could, maybe others can’t, I don’t like the normal rates anyways.

My posts have been focused on macro. This isn't just a micro problem or a mortgage problem. If interest rates have been at 0 or negative rates for 10 years which is unprecedented in depth or duration, and then goes back to historical levels in a matter of months, what does that do to the system...the derivatives, contracts, investment strategies that have been based on substantially lower rates. Hint: It is not good.

[MMJB LLC]

don’t think anyone said “global”, I certainly didn’t

Dont worry...I completely meant to say the problem is global or at least in the Western financial markets.

[Tim]

My posts have been focused on macro. This isn't just a micro problem or a mortgage problem. If interest rates have been at 0 or negative rates for 10 years which is unprecedented in depth or duration, and then goes back to historical levels in a matter of months, what does that do to the system...the derivatives, contracts, investment strategies that have been based on substantially lower rates. Hint: It is not good.

The holders of all you mentioned incur permanent capital losses. That is not a macroeconomic liquidity credit liquidity event. That is microeconomic, hurts only those that were so unfortunate. The global credit markets remain wide open and on solid footing.

[xraygoggles]

there are no solutions, only tradeoffs

you can have faster block times, larger blocks, more programmability, more on chain privacy, but all of those things come with tradeoffs

i don’t think any coin other than bitcoin exists to actually try to be money.

yep, look up trilemma of blockchain.

true, although can't litecoin, and to a lesser extent dogecoin, be considered money? eth def is not, thats true

[jacoavlu]

true, although can't litecoin, and to a lesser extent dogecoin, be considered money? eth def is not, thats true

i mean sure you could consider them money inasmuch as you could consider almost any fork of bitcoin money, including bsv or bcash. but according to the market inferior money for one reason or another, not to be taken seriously in my humble opinion

[MMJB LLC]

The holders of all you mentioned incur permanent capital losses. That is not a macroeconomic liquidity credit liquidity event. That is microeconomic, hurts only those that were so unfortunate. The global credit markets remain wide open and on solid footing.

I am not following your point but the holders of these "things" are pension funds, banks, institutions, endowments, state owned enterprises, etc. What happens when these bonds or other "things" are levered up 5 to 1 or 10 to 1 by schemes like risk parity or LOIs to get the returns they promised to holders. I am unclear because this post sounds like you are referring to individuals only? I don't even think the average joe can even hold some of these instruments.

[Tim]

I am not following your point but the holders of these "things" are pension funds, banks, institutions, endowments, state owned enterprises, etc. What happens when these bonds or other "things" are levered up 5 to 1 or 10 to 1 by schemes like risk parity or LOIs to get the returns they promised to holders. I am unclear because this post sounds like you are referring to individuals only? I don't even think the average joe can even hold some of these instruments.

All those are financial failures due to poor results of entities. What happens is they go bankrupt. That is not due to credit markets or liquidity. If they levered up, shame on them. All the ones not levered up keep trucking on. The other banks and institutions.

Probably semantics. Plenty of loans are available and plenty people are getting loans. Some specific entities or people will and always been hurt when interest rates rise. It is ugly, ruins them financially.

[jacoavlu]

Some specific entities or people will and always been hurt when interest rates rise. It is ugly, ruins them financially.

I mean that's kinda the intention by the Fed. Demand destruction. Make people feel pain, make them more poor so they stop spending money.

It was funny money in the first place. Misallocation of capital encouraged through policy for a long time suppressing rates for NGU.

[xraygoggles]

To be fair, the Fed did save the US economy during the covid meltdown, so it did do its job as the "lender of last resort." But their misstep (& it was a big one) was not tightening the screws on the spigot much earlier - they left the money fire hydrant open for too long.

[Tim]

To be fair, the Fed did save the US economy during the covid meltdown, so it did do its job as the "lender of last resort." But their misstep (& it was a big one) was not tightening the screws on the spigot much earlier - they left the money fire hydrant open for too long.

GDP = personal consumption expenditures, business investment, government expenditures and net exports

Have to admit, the Fed has one spigot. The other was and is being opened more . Don't see government shutting things off for awhile.

[xraygoggles]

GDP = personal consumption expenditures, business investment, government expenditures and net exports

Have to admit, the Fed has one spigot. The other was and is being opened more . Don't see government shutting things off for awhile.

I don't understand - what other one are you referring to? They are clearly tightening rn, that's evident.

[Tim]

I don't understand - what other one are you referring to? They are clearly tightening rn, that's evident.

government expenditures. pouring gas on the fire for another 2 years.

[xraygoggles]

government expenditures. pouring gas on the fire for another 2 years.

that's a good thing tho - to a certain extent that is