Financial topics

[John]

** 17-Feb-2021 World View: Confiscate bitcoin?

> Yes, this is why it's so ridiculous (clearly unconstitutional, but
> who cares about that thing anyway) and unfortunately even though
> nearly everyone should answer yes (because frequent flyer points,
> other forms of payment that aren't USD that companies provide)
> most will still not answer yes because it seems to be directed at
> only crypto. One thing that does give encouragement is that it
> proves they can't really control it or it's too late. Either way,
> I will hodl and use it as collateral so I don't care. That's what
> smart, rich people have always done. If you all are right about
> the financial crisis, bitcoin only helps you, since the game will
> be restarted and sanity will be returned (they can't confiscate it
> unlike all the stuff you all "invest" in).

Why can't they confiscate it? If they know you have it, then they'll
find a way to confiscate it. If you have money buried in your
basement, and they know you have it, they'll find a way to confiscate
it.

[aeden]

15 million in Texas if reports are correct are unable to select the btc for water, fuel, survival.
Intrinsic value is hard for some to understand. If you can convert $200.00 per day to currency of the realm
you can have a viable point in any level of functional means of society.
The pandering to convertibility of a medium of exchange is now pointed out in real terms.
Yes we warned the first week of February and you just got a Tainter lesson on how fast society's
can fail. The only question is now reports indicated 3,300 crossed the border illegally per day and 300 per day
as in minors. I currently live in a tundra we call winter. Nature does not care what we think and GD points clearly
what groups of people have done before. We warned simply you are not prepared.
Simple as no Borders no County. Only fools and democrats cannot learn this point that legal means actually help.
Some can convert btc to currency recognized as dollars. Some cannot.

Shall we discuss hunter seeker algos. We already did.
https://www.zerohedge.com/crypto/worlds ... le-bitcoin
agree
script is closed
target value hit
all scrapes and scripts flushed
zero leverage going forward
hunter seeker as discussed

inception date Mon Nov 16, 2009 7:13 pm

your late

They are now holding cash on their balance sheets in BTC and not USD... let that sink in.
https://dci.mit.edu/courses
viewtopic.php?f=14&t=2&p=56139&hilit=wife#p56139
They don't want you creating a better world. Scoff all you wish since we see demons with flashlights.

[aeden]

viewtopic.php?p=56174#p56174
black rock steering committee navigated the obvious

thread: bantu

[aeden]

https://cms.zerohedge.com/s3/files/inli ... k=HvC-mtf6
https://www.youtube.com/watch?v=-RUcnImJglw

[aeden]

Traditionally when a stock price moves higher traders will often buy puts, and dealers (who are short puts) will short stock as a hedge.
However, we believe that that bulk of these put flows were traders SELLING puts. This forced options market makers to accelerate their stock buying hedges.
At the end of the day money was on table.
If you cannot understand why pissing on the porch applies here you had already been warned it will not be explained again.
https://www.zerohedge.com/markets/heari ... t-gamestop

[aeden]

https://wolfstreet.com/2020/01/29/tesla ... -spike-12/
You can smell the lighter fluid on these Hookers smoking a lucky strike.

https://www.youtube.com/watch?v=2cXcZkfkmlc
manic to maniac

You were correct.
I have a lot of recovery to do in my account.
It will take a lot of bot smashing to do that.


Higg is correct to smash the bots on hunter seeker algo tuned to measures.
I will stick to direct cash flow and avoidance of z score value cap traps.
Mon Dec 16, 2019 11:43 am

You know what happens with cash on balance sheets red riding hood.

[aeden]

https://www.texastribune.org/2021/02/16 ... wer-storm/
as indicated from us tundra guys who deal with it for some decades

Equilibrium water content of natural gas
Water dew point temperature
Natural gas hydrate temperature
Ice precipitation temperature
Aqueous dew points

Once and awhile we have pilot regulator freeze and yea some have clue.

[aeden]

Gold was clubbed like a baby seal as the dollar and bitcoin ripped... t
https://www.zerohedge.com/markets/bitco ... out-stalls

[Higgenbotham]

** 17-Feb-2021 World View: Frozen Texas

> The engineers were technically clueless, which is typical of how
> things function nowadays or don't (the Texas power grid probably
> being the latest example).

So what's your opinion? Is Texas in trouble because of frozen power
stations or because of frozen windmills?

I have no idea. The only thing I've tried to think through is why some customers like me have had power continuously while some have not had any for days. In other words, why there weren't rolling blackouts. I don't know the answer to that.

ERCOT: Power outages meant to save Texas from longer-lasting ‘cascading, catastrophic blackout’

by: Russell Falcon

Posted: Feb 17, 2021 / 09:30 AM CST / Updated: Feb 17, 2021 / 01:03 PM CST

AUSTIN (KXAN) — As resident tensions rise during persisting power outages across Texas, the Electric Reliability Council of Texas (ERCOT) is set to give the latest information about what’s being done and why this is happening.

ERCOT orders Texas utilities to shed more load as it loses power from other sources

President and CEO Bill Magness gave the latest update for Wednesday alongside Senior Director of System Operations Dan Woodfin.

Magness said he understands everyone wants to know when the outages will end.

“The factors that will determine the time and date that we can get everyone back on service are really two-fold,” said Magness. “One is — and we’ve discussed this a lot as we’ve gone through this event — there was an enormous amount of electric generation, the supply side, that was taken out of service by the storm…. so getting those resources back on the grid is the central solution to getting people their power back.”

Magness echoed previous statements he’s made about needing to maintain the balance of power supply and demand — he says without this maintenance, Texas risks a “cascading, catastrophic blackout. Not an outage that we can restore as soon as we get power plants working again, but a blackout that would affect the entire ERCOT region. And would have an indeterminate end date.”

https://www.kxan.com/news/ercot-gives-l ... _thumbnail

What went wrong? Energy expert weighs in on Texas energy crisis

by: Tom Miller

Posted: Feb 17, 2021 / 12:50 PM CST / Updated: Feb 17, 2021 / 01:02 PM CST

AUSTIN (KXAN) — It’s now become clear that Texas’ power grid was never designed to sustain a significant freeze much colder and longer than you’d see in a typical year?

But why not?

Atypical weather events are happening more frequently — and with more ferocity — than in the past, a fact Texans know all too well.

University of Houston Energy Fellow Ed Hirs studies how ERCOT works and said the writing was on the wall as far back as 10 years ago.

[After the 2011 blackout] there were studies, there were hearings, nothing was done to repair the systemic problem with the ERCOT market. The Public Utility Commission, the legislature, and the governor really decided there was nothing to do.

ED HIRS, UNIVERSITY OF HOUSTON ENERGY EXPERT

KXAN’s Tom Miller: What went wrong here?

Ed Hirs: We had a spike in demand, and there weren’t enough generators available to come online to meet that demand. Some generators were taken offline because of weather — natural gas generators, coal generators, wind generators. To lose 40% of the generation capacity on ERCOT means there’s plenty of blame to go around.

Tom: Should the state have seen this coming? Who’s to blame here?

Hirs: Yes the state should have seen this coming. This has been out in the open. The 2011 winter debacle, which led to blackouts, including a major one across the Dallas Medical Center, certainly showed the shortcomings of the ERCOT model and the market design.

There were studies, there were hearings, nothing was done to repair the systemic problem with the ERCOT market. The Public Utility Commission, the legislature, and the governor really decided there was nothing to do.

They issued guidelines, but there’s no enforcement, there’s no follow-through on any of those recommendations to the extent that they would lead to substantial improvement. Incumbent politicians know that if the price goes up at the meter, or the price goes up at the pump, they don’t get reelected. There was always this kind of attitude of whistling past the graveyard, “Oh that’s a California problem,” well, that problem has now come home to roost in Texas.

Tom: What is it going to take to get the power grid up and running again?

Hirs: I would expect that in the normal course of events we’re going to need warmer weather, we’re going to need less demand on the grid, and we’re going to need the generators to rejoin the grid and provide power. This is going to take a process, very much like a recovery from a hurricane.

Tom: What changes need to be made so that this doesn’t happen again?

Hirs: When there’s a bureau that’s buying in the market and going for low price, and you have more generators than you need at a given point, they start competing against each other by cutting prices and cutting prices and cutting prices. With the price that they receive being less than their total cost, they wind up not only being unable to repay their shareholders, but reinvest to keep the plant available to operate.

That deferred maintenance adds up over time and before long you wind up in a situation like the old Soviet bureau, like the old Soviet economy. Nobody has reinvested the capital necessary to keep the grid reliable and active. We need to give generators an incentive to be ready to respond, to be online when needed. We need to find a way to pay them so that they can make a rate of return.

https://www.kxan.com/news/texas/what-we ... gy-crisis/

[Cool Breeze]

** 17-Feb-2021 World View: Confiscate bitcoin?

> Yes, this is why it's so ridiculous (clearly unconstitutional, but
> who cares about that thing anyway) and unfortunately even though
> nearly everyone should answer yes (because frequent flyer points,
> other forms of payment that aren't USD that companies provide)
> most will still not answer yes because it seems to be directed at
> only crypto. One thing that does give encouragement is that it
> proves they can't really control it or it's too late. Either way,
> I will hodl and use it as collateral so I don't care. That's what
> smart, rich people have always done. If you all are right about
> the financial crisis, bitcoin only helps you, since the game will
> be restarted and sanity will be returned (they can't confiscate it
> unlike all the stuff you all "invest" in).

Why can't they confiscate it? If they know you have it, then they'll
find a way to confiscate it. If you have money buried in your
basement, and they know you have it, they'll find a way to confiscate
it.

Who says they know you have it? Most people who opine on BTC in a critical way don't even know what possibilities are out there, or how hard it is for others (yes it is quasi-anonymous) to come after you. As if they have all the enforcers in the world to go after non billion dollar people deemed illegitimate. It's time to step up your game, you guys don't even know what mixing is, etc.