Bitcoin and the Mises' Regression Theorem, according to Satoshi Nakamoto

submitted by /u/gasull [link] [comments]

source https://www.reddit.com/r/btc/comments/ktf3ne/bitcoin_and_the_mises_regression_theorem/

Narrative Economics: How Stories Go Viral and Drive Major Economic Events September 1, 2020 by Robert J. Shiller

I have not read this yet, but it looks like it may be worthwhile reading:

From Nobel Prize–winning economist and New York Times bestselling author Robert Shiller, a groundbreaking account of how stories help drive economic events―and why financial panics can spread like epidemic viruses

Stories people tell―about financial confidence or panic, housing booms, or Bitcoin―can go viral and powerfully affect economies, but such narratives have traditionally been ignored in economics and finance because they seem anecdotal and unscientific. In this groundbreaking book, Robert Shiller explains why we ignore these stories at our peril―and how we can begin to take them seriously. Using a rich array of examples and data, Shiller argues that studying popular stories that influence individual and collective economic behavior―what he calls "narrative economics"―may vastly improve our ability to predict, prepare for, and lessen the damage of financial crises and other major economic events. The result is nothing less than a new way to think about the economy, economic change, and economics. In a new preface, Shiller reflects on some of the challenges facing narrative economics, discusses the connection between disease epidemics and economic epidemics, and suggests why epidemiology may hold lessons for fighting economic contagions.

https://smile.amazon.com/Narrative-Economics-Stories-Economic-Events/dp/0691210268/ref=sr_1_1?crid=1R7I0UB4X3TON&dchild=1&keywords=shiller+narrative+economics&qid=1610148721&sprefix=shiller+narr%2Caps%2C237&sr=8-1

submitted by /u/Big_Bubbler
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source https://www.reddit.com/r/btc/comments/ktepij/narrative_economics_how_stories_go_viral_and/

I sent BCH to sideshift for less than a cent and 3min later received Tether (SLP) in my Bitcoin.com wallet, BEFORE the BCH transaction even has been confirmed in a block! This is the way.

Just wanted to test this with a small amount of BCH myself after reading about the complains about the high Ethereum fees for days now.

Tether running as a SLP token on Bitcoin Cash. Exchanged through the now decentralized sideshift platform.

0 confirmations needed because Bitcoin Cash works!

Less than 1 cent in fees needed because Bitcoin Cash works!

This is the way.

submitted by /u/grmpfpff
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source https://www.reddit.com/r/btc/comments/ksz745/i_sent_bch_to_sideshift_for_less_than_a_cent_and/

Realized I had 18,293,532 Bitcoin at my grandpas house from 2004 - I’m crying!

Literally shaking right now

I was in my grandpa’s office checking all the major exchanges.

I noticed in the corner of my eye a single note on the desk. Clearly it was ancient, stained yellow and smelled like the paper from the days before Facebook. I reached for the scrap, careful to reload the page again with my JO hand - just in case the price spiked to $50k.

I turned it over to see my own handwriting: “survey 12,773 complete...that makes 18.3 million bitcoin for me!”. Stunned, I reeled back remembering my stash of bitcoin I had saved for robux (you could only exchange bitcoin for them then)

I got my shirt back on and went to www.google.com, quickly clacking in “bitcoin locator old 2003”, the first result was the private keys I had stored in my grandpas computer on the internet.

...shaking...I navigated to the Kracken exchange (what everyone used in 2004 before Coinbase was discovered), and entered my keys...slowly...methodically...ohhh...

IT WORKED!! My nearly 18.3 million bitcoin were lost to me as I totally forgot where my private keys were!!!!1! I bought my dad a house and his wife too. My grandpa said I could keep the office, and I got him a car in return!! Thank you guys so much for everything - Botcoin to the mooon!!

​

​

Disclaimer: This is satire, just poking some fun at all the posts like this recently, I don't actually have 5x Jeff Bezos' net worth in Bitcoin :')

And seriously, Quantbase >>> Coinbase, screw Coinbase and their "random" outages

submitted by /u/bigcanofsoda
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Can we get native transaction introspection on Bitcoin Cash?

submitted by /u/JonathanSilverblood [link] [comments]

source https://www.reddit.com/r/btc/comments/ksxn3t/can_we_get_native_transaction_introspection_on/

BTC trade maxed out on shapeshift due to an error with their exchange?

Feel I was scammed on a BTC trade maxed out on shapeshift due to an error with their exchange. This situation is urgent and has been dragging on for over 3 weeks waiting on response from the shapeshift support team. Meanwhile ive been waiting patiently and letting the USDC sit which has cost me over $20k in BTC value so far. Ive been told they are looking into but have not been responding to my emails asking for an update, and also my BTC returned from the trade. They have offerd to refund the miners fee's, which doesnt resolve their error of taking all my BTC. I am requesting for the trade to be cancelled due to their system error, or at least correct it to the $2k amount i input. I'm hoping someone can help or advise what can be done to correct this situation? Its been giving me major anxiety waiting to hear back from their investigation while everyday BTC soars higher, and meanwhile i cant reinvest the USDC until i get this resolved an answer. Its unacceptable they have kept me hanging this long!
In late Dec i had attempted to trade $2k worth of BTC into USDC from my keepkey wallet. After i input the amount and hit confirm, the platform seemed to "freeze up" and didnt complete? I attempted again with another error. When i finally attempted again, i received a confirmation for the amount of $2k the amount i had input. I remember receiving multiple messages to update my keepkey right after the trade, and I was instructed to update it multiple times in a row which is weird? the shapeshift website/ exchange was giving many errors on that day. I never have traded large amounts, and in fact was not even aware they have a max BTC button since i always input an amount

Does anyone know if there would be record of me inputting that amoun ($2k)t in the system trade log when it was giving errors ? or do they record a screenshot of the transaction so I can prove I input $2k as the amount to trade ? How else can i get more details on this trade ? Can anyone advise on how to get a deeper investigation into this transaction that left me feeling scammed by the Shapeshift exchange. Or someone who i can turn to help with this situation. I will be forever grateful for anyone who can help me out!!!

Below is the unacceptable response i received, since shapeshift is attempting me to buy back my BTC at a higher rate

"Hello,

Thanks for that information. What we can suggest is that you trade back the funds and we will process a refund for the Miner fee. Will that work for you?
Stay Foxy! "

submitted by /u/etseven7
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source https://www.reddit.com/r/btc/comments/ksvj3a/btc_trade_maxed_out_on_shapeshift_due_to_an_error/

A friend asked me if he should buy $175k worth of bitcoin...

So my friend asked me this question. I am sure others of you have had similar questions asked

This was my response:

"Imagine buying in December 2017

You would now have over $350k

But not before you watched it slowfall to $40k over a 3 year period.

This is what you need to be prepared for, because it's a very real possibility.

Should you buy? ... That's your choice not mine. I bought and have had my share of ups and downs."

submitted by /u/Pickle_ninja
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