November 2022 PNW weather Discussion. #NoRidgeNovember

[Rubus Leucodermis]

2 hours ago, Snownerd3000 said:

I know this is off topic but anyone following what is going on with FTX crypto exchange? 

Amazing isn’t it, how much more stable currency backed up by mathematically sound algorithms is when compared to fiat currency created by governments and politicians?

[TigerWoodsLibido]

2 minutes ago, Rubus Leucodermis said:

Amazing isn’t it, how much more stable currency backed up by mathematically sound algorithms is when compared to fiat currency created by governments and politicians?

Wish I had insider knowledge of when to buy and sell shitt.

[Gradient Keeper]

Unfortunately of course the GEFS does not agree.

[Snownerd3000]

Just now, Rubus Leucodermis said:

Amazing isn’t it, how much more stable currency backed up by mathematically sound algorithms is when compared to fiat currency created by governments and politicians?

Im just fascinated to see the fallout in that space. I only just started dabbling in crypto to start last year. One thing I've learned is never keep funds on an exchange. Centralized is centralized weather from the fed printing money from nothing or a computer wizard making magic internet money from nothing. 

[Gradient Keeper]

GEFS same as previous runs. The OP was a fun outlier to temporarily break the model boredom monotony.

[Cloud]

No need for a close up view... let's go wider. ZzzZZzzzzzzzzzzZZZZz..... 

[SouthHillFrosty]

2 hours ago, Snownerd3000 said:

I know this is off topic but anyone following what is going on with FTX crypto exchange? 

Same thing that happened with 3AC, Celcius, Voyager, and others. 
 
my crypto portfolio like:  

 

[kokaneekidz]

5 minutes ago, Rubus Leucodermis said:

Amazing isn’t it, how much more stable currency backed up by mathematically sound algorithms is when compared to fiat currency created by governments and politicians?

I really wish we could undo Bretton woods and go back to the gold standard. but I don't think there is enuf gold to satisfy all the money printing that has compiled since then. It's all fuuugazzzi

[Rubus Leucodermis]

1 minute ago, TigerWoodsLibido said:

Wish I had insider knowledge of when to buy and sell shitt.

My insider knowledge is working in the computing field and having run into the sort of cyber-libertarians for whom cryptocurrency is a big thing. They tend to be smug, conceited, overconfident, and quite unaware of how ignorant they actually are of how complex the world outside of their chosen field is. It’s really not a surprise that their creation is not as stable as their theories say it ought to be.

[Rubus Leucodermis]

Just now, kokaneekidz said:

I really wish we could undo Bretton woods and go back to the gold standard. but I don't think there is enuf gold to satisfy all the money printing that has compiled since then. It's all fuuugazzzi

This is rapidly going off topic, but that is THE biggest problem with the gold standard: it is not as if the amount of gold in the world automatically matches the demand for currency in the global economy.

[Slushy Inch]

4 minutes ago, Gradient Keeper said:

GEFS same as previous runs. The OP was a fun outlier to temporarily break the model boredom monotony.

Meanwhile the ICON is out to lunch at 180hrs 

[Cascadia_Wx]

5 minutes ago, Gradient Keeper said:

GEFS same as previous runs. The OP was a fun outlier to temporarily break the model boredom monotony.

It still shows a dip at the time, but there is a lot of ensemble spread. Some members look a lot like the operational and others keep heights relatively high.

[Cascadia_Wx]

[Front Ranger]

11 minutes ago, TigerWoodsLibido said:

Wish I had insider knowledge of when to buy and sell shitt.

Billions is a good show.

[Gradient Keeper]

2 minutes ago, Cascadia_Wx said:

A few colder members to not completely slam the door shut on backdoor cold possibilities.

[Snownerd3000]

7 minutes ago, Rubus Leucodermis said:

My insider knowledge is working in the computing field and having run into the sort of cyber-libertarians for whom cryptocurrency is a big thing. They tend to be smug, conceited, overconfident, and quite unaware of how ignorant they actually are of how complex the world outside of their chosen field is. It’s really not a surprise that their creation is not as stable as their theories say it ought to be.

Stable coins are interesting. The hard part is having a financial backing. Unlike the Fed which doesn't have to prove something is backing fiat currency, stable coins, require financial backing. 

[SouthHillFrosty]

Just now, Snownerd3000 said:

Stable coins are interesting. The hard part is having a financial backing. Unlike the Fed which doesn't have to prove something is backing fiat currency, stable coins, require financial backing. 

I could definitely see the Fed creating a stable coin in the next 10 years backed by some tangible assets in the physical world. Hard thing would be on what layer 1/network, etc

[SouthHillFrosty]

Blame mossman if this winter sucks lol

[Snownerd3000]

Just now, SouthHillFrosty said:

I could definitely see the Fed creating a stable coin in the next 10 years backed by some tangible assets in the physical world. Hard thing would be on what layer 1/network, etc

Won't need to. CBDCs are real and will replace our normal dollars eventually. Will probably start as a cash cbdc hybrid system, then replace cash all together with it. 

[Rubus Leucodermis]

7 minutes ago, Snownerd3000 said:

Stable coins are interesting. The hard part is having a financial backing. Unlike the Fed which doesn't have to prove something is backing fiat currency, stable coins, require financial backing. 

Hmmm. Just from reading an article on them, many stable coins are backed by… fiat currencies like the US dollar.

[Rubus Leucodermis]

3 minutes ago, SouthHillFrosty said:

Blame mossman if this winter sucks lol

Not “everybody” else got cold rain this week…

[Snownerd3000]

2 minutes ago, Rubus Leucodermis said:

Hmmm. Just from reading an article on them, many stable coins are backed by… fiat currencies like the US dollar.

Yep. Likely will be required in the US. Algorithmic Stable coins are based in collateral. The collapse of Luna earlier this year was bc of it had its own algo stable which was over leveraged and boom. 

[Phishy Wx]

you guys must be really bored

[Winterdog]

I know this is off topic but it’s currently 31 here after a high of 45.  

[SouthHillFrosty]

19 minutes ago, Snownerd3000 said:

Won't need to. CBDCs are real and will replace our normal dollars eventually. Will probably start as a cash cbdc hybrid system, then replace cash all together with it. 

I like the general idea of a CBDC. However that is the opposite idea for crypto. That would centralize a lot of things. 
 

A CBDC is everything that crypto stands against. 

Edited November 11, 2022 by SouthHillFrosty

[bainbridgekid]

1 hour ago, AlTahoe said:

Last season takes the streaky cake. Snowiest December ever! Then the driest Jan - March ever recorded 

Ski season wise it’s very fortunate it wasn’t March that had all the snow. That 3 month dry spell would have been really rough to start the season.

[Guest administrator]

I know its off topic, but if you mortgaged your retirement on digital pogz and monkey jpgs but then have the balls to tell me your views on monetary policy, I'll have to take you up on your discussion after your shift at Wendys has ended.

Anyway, my lawn sensors tell me its 34º in Everett.

[Snownerd3000]

1 minute ago, administrator said:

I know its off topic, but if you mortgaged your retirement on digital pogz and monkey jpgs but then have the balls to tell me your views on monetary policy, I'll have to take you up on your discussion after your shift at Wendys has ended.

Anyway, my lawn sensors tell me its 34º in Everett.

Lol, no joke, i work in finance and had a prospect about 4 or 5 yrs ago tell me they were taking a 2nd mortgage out on their house and buying bitcoin. I sure hope they sold out at the top... 

[Olive1010]

wait, it'll be a warm winter???

[TigerWoodsLibido]

1 minute ago, Olive1010 said:

wait, it'll be a warm winter???

Not as bas as some people think.

[snow_wizard]

52 minutes ago, Gradient Keeper said:

GEFS same as previous runs. The OP was a fun outlier to temporarily break the model boredom monotony.

No telling how that thing will actually evolve right now.  With another strong MJO wave just emerging the position of the blocking will change over time.

[snow_wizard]

27 minutes ago, Phishy Wx said:

you guys must be really bored

Not at all. One of the colder first 10 days of November on record and a lot of cold yet to come.  I guess at my age I'm sick of rain other than to keep things watered.  Cold and snow is where it's at for me.

[snow_wizard]

7 minutes ago, Olive1010 said:

wait, it'll be a warm winter???

Take this kind of banter with a grain of salt.  Nobody knows for sure, but the nuts of bolts that we have to work with this winter should favor a good outcome overall.

[Requiem]

8 minutes ago, Olive1010 said:

wait, it'll be a warm winter???

No one knows. The magic of mother nature's mysteries.

[snow_wizard]

6 minutes ago, Requiem said:

No one knows. The magic of mother nature's mysteries.

Very true.  The caveat is some years have more aces in the deck than others.  This year we have quite a few.

[snow_wizard]

Already down to 32.  Freeze number 4 with 5 coming at midnight.

[SimplySmoothWX]

44 minutes ago, Phishy Wx said:

you guys must be really bored

that's why you have multiple hobbies

[Deweydog]

That’s some nice dry backdoor action on the 00z

[umadbro]

Get used to inversions and glancing blows for the winter. Maybe quick half inch snow falls that quickly transition to ZR for a short time then to rain. I’d be shocked if anything notable happens this winter. 
 

and no, that’s not based on recent model runs.

[NWbyNW]

Not sure why air quality is so poor over the PNW.  Is it because of an inversion or something?

There is some wildfire smoke in Western Oregon but it's pretty light.