The defeat shows its head by a complete dropping of the topic and a new twist involving an imputation against the opponent. No, I don't prefer that the stock market be controlled by a corrupt bureaucracy. The "market" is a community of individual markets, so I'm not aware of any central control (and you aren't either).
Unlikely that the "entire stock market" could go down. For one thing, there is great redundancy in the fact that they are all tracking the same data, and for another thing they will have backup memory for the current status of data (+timestamp).
And what makes you think that crypto couldn't go down the drain? All it takes is to sabotage the power supply to the mining operations. I see that you avoid the whole subject of crypto's weakness: its dependence on continued mining in order to close its business case and maintain the blockchain computation. That kind of precarious computational environment should be fairly easy to ruin.
The topic was the DTCC, which you clearly understand nothing about.
And you're picking and choosing where you apply your arguments, which is wildly dishonest. If a power outage kills crypto, it kills stocks too. There's no difference there, because it's all online.
If DTCC is some kind of common knitting system, then okay. But do you really have a point of information or are you just wanting to one-up me by introducing new elements.
A power outage will interrupt mining. A stock market will go down for the length of the power interruption, and then go back up. Who, knows, maybe crypto could come back up. But it is like saying a Ponzi scheme can survive a hiccup, when the real problem is that it has a limited life based on the mismatch between income and outgo. The currency represents an energy debt, not an asset. (It reminds me of the idea of Technocracy of the "technate," a currency based on a unit of energy.)
So you prefer that the stock market be centrally controlled by a corrupt bureaucracy?
Edit: And as if the entire stock market couldn't just go down the drain as it is.
The defeat shows its head by a complete dropping of the topic and a new twist involving an imputation against the opponent. No, I don't prefer that the stock market be controlled by a corrupt bureaucracy. The "market" is a community of individual markets, so I'm not aware of any central control (and you aren't either).
Unlikely that the "entire stock market" could go down. For one thing, there is great redundancy in the fact that they are all tracking the same data, and for another thing they will have backup memory for the current status of data (+timestamp).
And what makes you think that crypto couldn't go down the drain? All it takes is to sabotage the power supply to the mining operations. I see that you avoid the whole subject of crypto's weakness: its dependence on continued mining in order to close its business case and maintain the blockchain computation. That kind of precarious computational environment should be fairly easy to ruin.
The topic was the DTCC, which you clearly understand nothing about.
And you're picking and choosing where you apply your arguments, which is wildly dishonest. If a power outage kills crypto, it kills stocks too. There's no difference there, because it's all online.
If DTCC is some kind of common knitting system, then okay. But do you really have a point of information or are you just wanting to one-up me by introducing new elements.
A power outage will interrupt mining. A stock market will go down for the length of the power interruption, and then go back up. Who, knows, maybe crypto could come back up. But it is like saying a Ponzi scheme can survive a hiccup, when the real problem is that it has a limited life based on the mismatch between income and outgo. The currency represents an energy debt, not an asset. (It reminds me of the idea of Technocracy of the "technate," a currency based on a unit of energy.)