DrugsandFIRE | Publish0x

DrugsandFIRE

I'm a pharmacist pursuing financial independence, hence drugs and FIRE.

Publish0x Member Since February 2020

10 Following 5 Followers

DrugsandFIRE

Understanding Inflation: The Good, The Bad, and The Ugly

17 Apr 2020 9 minute read 0 comments DrugsandFIRE

Mid March, the Federal Reserve announced that they'd be cutting overnight interest rates back down to zero percent and that they'd officially start their quantitative easing (QE) program back up.  Initially, QE was going to be limited to ONLY $700 bi...

How to Score Extra Bitcoin in the Age of Coronavirus With Fold

14 Apr 2020 3 minute read 2 comments DrugsandFIRE

With most of the country currently under a "stay at home" order, it's no secret that US consumers have shifted their spending more and more toward companies offering home delivery.  What was once something we thought of as a convenient way to get wha...

Making Sense of Negative Interest Rates

13 Apr 2020 4 minute read 0 comments DrugsandFIRE

On March 25th, 2020, yields on US debt traded negative for the first time in our country's history.  With the 1 month and 3 month T-bills trading at yields of around -0.05% and -0.03% respectively, the US officially joined the negative interest rate...

Buy Burrito, Get Bitcoin: My Review of the Pei App

18 Feb 2020 4 minute read 0 comments DrugsandFIRE

Over the years, I've become kind of a junkie with the cashback/points/miles game.  Thankfully though, it's a profitable obsession.  Through the use of credit card sign on bonuses, promo offers, and simply finding ways to optimize the rewards we get o...

VTSAX and Chill?

17 Feb 2020 7 minute read 0 comments DrugsandFIRE

TL;DR: A total stock market index fund is a good way to get exposure to US equity markets but probably not the best way. Indexing is actually factor investing. If you are going to index, maximizing your factor exposure through a small-cap value...

Comments

Bitcoin and the Austrian School: What About Inflation?

1 May 2020 MichDon

01 May 2020
Good article! I would add though that while money supply (measured by M2) does play a role, any meaningful conversation about inflation also needs to include the impact of velocity (M2V). Current actions by the Fed have indeed increased M2, but M2V has dropped off a cliff since banks don't want to lend out their reserves. What results is an odd situation that's bullish for gold, bitcoin, and long government bonds since there's speculative concern of hyperinflation, but observable deflation driving down the long end of the yield curve. I wrote an article about inflation here if you're interested in reading: https://www.publish0x.com/seeking-fi/understanding-inflation-the-good-the-bad-and-the-ugly-xnrymq

Quantitative Easing Will Boost Bitcoin

14 Apr 2020 Scott Cunningham

15 April 2020
QE as monetary policy doesn't usually produce inflation outside asset prices, but you're spot on about what happens when the government gives lots of money away. Direct stimulus (aka helicopter money) as a fiscal policy is broadly inflationary and is the thing you need to keep in check if you're going to print money to fund deficits. It's the quintessential balance you need to maintain if you're going to run an economy with MMT. Printing enough money to fund your programs, but remove enough of those dollars from the system to keep inflation in check. I personally don't think such a system is sustainable so yeah, long term, alternative currencies such as gold or bitcoin should benefit.

Quantitative Easing Will Boost Bitcoin

14 Apr 2020 Scott Cunningham

15 April 2020
That's the logical conclusion for money printing in economies whose debt is denominated in another currency or have their currencies pegged to something else (gold, USD, etc) but in economies that fully control both their debt and their currency, velocity simply plays a much bigger role than money supply. Basically you can print all the money you want and it won't cause inflation, provided that newly printed money isn't unleashed into the real economy. While I don't really agree with its application, that relationship where velocity takes center stage forms the entire basis for modern monetary theory.

Quantitative Easing Will Boost Bitcoin

14 Apr 2020 Scott Cunningham

15 April 2020
Not sure where you get to the conclusion that QE necessarily causes hyperinflation especially when all the central banks employing it (The Fed, ECB, BoJ) have been battling disinflation or outright deflation for some time (decades in the case of Japan). Consider Fisher's equation (M)oney Supply*(V)elocity = (P)rice*(Q)uantity While money supply does play a role, equally important is velocity; or the rate of credit creation in the economy. With QE, you can pump up M, but not V. And, in many ways the lowering of interest rates disincentivizes lending and therefore suppresses velocity. If anything QE juices asset prices, but doesn't encourage inflation in the real economy.

How to Score Extra Bitcoin in the Age of Coronavirus With Fold

14 Apr 2020 DrugsandFIRE

14 April 2020
You could definitely do that and I actually used to have that card. Was kind of a PITA when it came to redemptions. They really pushed you to use the points toward Amazon purchases which, if you did that, kept you from getting 5% back. The smarter thing to do was redeem for cash back then use the cash back to erase the purchase. Currently, I use the Chase Freedom Unlimited @ 1.5 UR pts/$ back and usually redeem those points for >$0.02/pt. All in all, using that card with the Fold app works out just as well, if not a little better in the end IMO.

Fiat vs Cryptocurrency. Why Cryptocurrency Will Win.

27 Feb 2020 Mnox

27 February 2020
Nice article, thanks for writing. If I might add one thing though regarding your comments on quantitative easing. While it seems counter-intuitive, QE does not necessarily cause inflation and in all the countries that have been doing it, getting inflation going again has been a struggle. Yes, there's an increase in money supply, but unless that money is actually getting into the hands of the people who can spend it, you don't get inflation. This is because inflation is a function of both money supply and velocity --> M(oney supply)*V(elocity)=P(rice)*Q(uantity). To put it in context for the US, while money supply has grown tremendously since QE, that money has been tied up in assets as opposed to being spent by people so velocity has maintained a steady decline. Taken together, the Fed hasn't been able meet its 2% inflation target despite all the new money in circulation. Here's the data on velocity if you're interested: https://fred.stlouisfed.org/series/M2V

The Best Cryptocurrency Investment Strategy

22 Feb 2020 CryptoSorted

27 February 2020
I would add one more reason for investing that makes a much more compelling case for crypto IMO: diversification. Because the return on crypto is uncorrelated to other assets (stocks, govt bonds, gold, etc.) a small addition of crypto into a more mainstream portfolio has the potential to boost the portfolio's Sharpe ratio. This is the main reason you see institutional money like Yale's endowment getting into the space.

Crypto Falls With The Stock Market: Will BTC Win A Fight Against the Next Recession?

26 Feb 2020 FarewelltoMinds

26 February 2020
Oh no doubt, the GFC hurt the working class much more overall in the end. The comment there was more to point out the impact on asset values in the immediate sense. For the world's poor, the main asset they have access to is cash; the value of which gets obliterated in a devaluation or when they have difficulty exchanging their native currency for another. It's those local issues where crypto can play a major role IMO. Personally my thesis on crypto is that it's a store of value, but one much more valuable to the world's poor than the world's rich like gold tends to be.

Crypto Falls With The Stock Market: Will BTC Win A Fight Against the Next Recession?

26 Feb 2020 FarewelltoMinds

26 February 2020
I think you need to look at Bitcoin as a distinct asset class with its own eccentricities as opposed to a comparable to something like gold. While both can be considered to be "stores of value," the notion that BTC or any other digital asset is a safe haven asset in a global meltdown is false IMO. The utility of digital assets lies in their function as an easily transportable and exchangeable store of value which can make them more valuable in times where the poor get screwed (local/regional crises) as opposed to when the rich get screwed (global crises). In addition, digital assets are better suited to issues such as currency devaluations which are, by definition, inflationary. Since COVID-19's implications are more global and deflationary in nature, crypto doesn't have a strong use case so I wouldn't expect it to do too well. Also, just to add to clarify part of the article, US Treasury YIELDS have been sinking which means bond PRICES have been appreciating like crazy. The 30yr zeros in my portfolio have been keeping the whole ship afloat quite nicely the past few days.

The BANANO Blog at Publish0x now has 1000 Followers! Let's do a Publish0x-Exclusive Giveaway!

14 Feb 2020 banano

21 February 2020
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CBDCs Main Topic For Six Central Banks Meeting In Washington This April

15 Feb 2020 Cryptos.com

17 February 2020
"As we previously covered in our relative article, CBDCs are not really doing anything different from what central banks already offered anyway." I would disagree. CBDC's potentially have a much broader range of functions than traditional currencies, particularly when it comes to the implementation of monetary policy. Right now, when a central bank uses one of its policy tools (interest rates, QE, forward guidance, etc.) there's only the HOPE that the use of that tool influences specific market behaviors. With a CBDC, you can actually set up a smart contract so that currency flowing from a central bank to a regular bank can only be used for a specific purpose (say, lending out a mortgage vs. salary bonuses). If you're interested, there's a pretty good presentation on this by a former macro hedge fund manager. He's not too keen on the future of crypto, but the case he lays out for CBDC's is compelling. https://www.youtube.com/watch?v=V_Ly1OrtRmE

Coinbase Offers Margin Trading: Ask Yourself “Why?”

13 Feb 2020 FarewelltoMinds

17 February 2020
A fool and their money are soon parted. Guess the only silver lining here is that there doesn't seem to be a margin call provision should the trade tank. Still, great way to get into debt to Coinbase.

Roth IRA Purchases - Wednesday - 2.5.2020

6 Feb 2020 Snarf

08 February 2020
Peace of mind is important but make sure you realize that the expenses are still there. The Fidelity Flex funds may have zero ER's but you an only access them through their robo platform which (which carries the fee). Since there likely won't be any changes to the portfolio if it's constructed based off a risk tolerance questionnaire, you can simply reconstruct the portfolio using Fidelity's other zero ER funds on your own and maintain the target allocation. In this way, you get the same product, but don't pay the robo advisor fee. As an aside, robo advisors tend to shine much more in the context of a taxable brokerage since they can make up for their fees in the form of reducing taxes owed. In an advantaged account such as a Roth IRA, this is irrelevant since transactions don't create taxable events.

Roth IRA Purchases - Wednesday - 2.5.2020

6 Feb 2020 Snarf

07 February 2020
You may want to consider self managing this account rather than have a robo advisor do it for 0.35%/yr. For the most part, robo advisors are good at getting you some tax benefits (N/A for a Roth), but for a basic portfolio like this one, you can easily do it yourself. Also, you'll get access to some better funds. For instance, the small cap fund you have tracks the Russell 2000 index but with a self directed account through Fidelity you could buy an ETF that tracks the S&P 600 index which is just a much better product.

Liked Articles

UNI Airdrop opens a new phase of DeFi and AESwap is set to become aelf’s trump card to up its DeFi game

27 Sep 2020 2 minute read comments aelf_blockchain

Today, decentralized exchange Uniswap officially released its governance token UNI. Due to the popularity of the UNI airdrop, the gas fee for a single transfer has been pushed up to 660gwei, about $5.27. With the release of Uniswap’s token, the DeFi...

Bitcoin or shitcoins? What to buy?

7 Sep 2020 2 minute read comments Dzoelx

      Source Heading to the market? My bad, that’s like a daily routine. Putting it right; what are you looking to buy today? Bitcoin or shitcoin?... sorry, altcoins. Well, whichever way you put it, you’ll still get to see a point. For someone delvin...

Chainlink : Why so special ?

11 Aug 2020 2 minute read comments McAlex7

If you follow cryptocurrency closely you might have noticed during the recent days the unbelievable growth of LINK, over 160% in just a week. And if those performances are convincing well the soundness of the project is just as strong, all of this ma...

Full List of DeFi Wallets

10 Aug 2020 4 minute read comments D3F1

1. Alpha Wallet GET IT HERE Mobile-based wallet for Android and iOS Open-source  Manage all DeFi tokens and ERC-20 tokens Manage all NFTs and ERC721 collectible tokens Earn interest through Aave, Compound, and other DeFi protocols directly from the...

Stolen Bitfinex BTC ON THE MOVE!

11 Jun 2020 1 minute read comments FarewelltoMinds

Stolen Bitfinex BTC ON THE MOVE! Hey, remember that time that hackers stole $1.1 billion dollars’ worth of Bitcoin back in 2016? You don’t? Hackers stole 119,756  bitcoin from Bitfinex back in 2016. One of the largest heists in Bitcoin’s history. Sec...

GPU Mining - CLO (Beginner's How-To Guide)

8 May 2020 5 minute read comments Mynima

This is number 11 of the mining articles for beginners and hobby miners, if you're interested at having a go at mining some other coins then check out the rest of my blog here.  Before I begin there are a couple of things to remember; Firstly unless...

Justin Sun Just Scammed $2 MILLION From the U.S. Government

7 May 2020 1 minute read comments FarewelltoMinds

Justin Sun Just Scammed $2 MILLION From the U.S. Government The crypto space continues to be full of talentless hacks, vaporware and con-men. Justin Sun, founder of the shitcoin Tron, sits among them as a lord and paragon. This is the man who makes a...

The Brave Browser And Presearch Are A Powerful Combination (Get 25 PRE For Free)

2 May 2020 2 minute read comments Cryptonator`s Airdrop Hunt

I assume that most of you are already using the Brave Browser to earn some Basic Attention Tokens (BAT). It`s great to earn some crypto just for browsing the web. If you combine your Brave Browser with Presearch now, you can earn some additional cryp...

Another Proposal For The Digital Dollar Has Been Introduced

1 May 2020 2 minute read comments FarewelltoMinds

Another Proposal For The Digital Dollar Has Been Introduced As the coronavirus continues to rage around the world economies are undergoing a punishment the world hasn’t seen since the great depression. 30 million Americans have filed for unemployment...

Talking About Blockchain With Andreas M. Antonopoulus

1 May 2020 1 minute read comments Scott Cunningham

Did you catch my interview with Andreas M. Antonopoulos aka @aantonop? We talk about blockchain adoption, the bitcoin halving, decentralized exchanges, the crypto youtube purge, why you should earn Bitcoin, and more. He is a best-selling author, spe...

Followers

diosarich888

I love crypto and blockchain and writing is my passion includes poetry, short stories, quotes, all about life, love, relationship, yoga/meditation, health, travel and tourism, food, music, photography, nature and anything under the sun.

The Kragle

I'm an aspiring blogger, and I have a wide variety of interests. In my free time, I ride my bike, watch sports on TV, and read about cryptocurrencies. Follow me on Twitter: @kragle_t

FarewelltoMinds

Trying my best to stay rational in an irrational world.

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Rocío M Cuevas

Hola! Gracias por estar aquí; soy una apasionada del Bitcoin. Comencé hace menos de un año y estoy generando mis pequeños ingresos con Trading a corto plazo. Quiero enseñar desde aquí lo que aprendí a personas que necesitan otra fuente de ingresos.