FellowTraveler

8 ms·

31.
by FellowTraveler 13y ago
If you save your dollars in the bank and earn interest, you end up with more dollars than if you spend them now. Therefore, no one will ever spend their dollars to buy actual stuff.
32.
by FellowTraveler 13y ago
"It could never happen here."
33.
by FellowTraveler 13y ago
> I think you need to rethink your definition of what constitutes a free market; at present it seems to be 'one where all participants are free to do anything.' My definition would be, "one without violence and coercion, e
34.
by FellowTraveler 13y ago
http://www.fdic.gov/about/srac/2012/gsifi.pdf Resolving Globally Active, Systemically Important, Financial Institutions. "...An efficient path for returning the sound operations of the G-SIFI to the priv
35.
by FellowTraveler 13y ago
> How about comparing the financial industry with some other closely regulated industry, such as pharmaceuticals or healthcare? In fact, this is my whole point: that finance (and healthcare) are heavily-regulated, and that this is precis
36.
by FellowTraveler 13y ago
If you are interested in Open-Transactions then I suggest you check out the wiki: http://opentransactions.org/ Quote: The Open-Transactions project is a collaborative effort to develop a robust, commercial-grade, fully-feat
37.
by FellowTraveler 13y ago
Agreed on this point. Many statists get caught up in the argument about whether or not gold has "intrinsic" value, which is why I like to redirect their focus to the concept of substances with unique properties. Because, whether o
38.
by FellowTraveler 13y ago
Are you ignorant of the publicly-available plans to impose a Cyprus-style "haircut" on U.S. depositors? Bernanke stated at the FOMC Press Conference in March that such a haircut was possible.
39.
by FellowTraveler 13y ago
Okay let's compare the financial industry with, say, the software industry... The financial industry: http://en.wikipedia.org/wiki/List_of_financial_regulatory_au... The software industry: [Google] No results fou
40.
by FellowTraveler 13y ago
Wall Street has an arrogance problem. Mainstream journalism has an arrogance problem.
41.
by FellowTraveler 13y ago
At the bottom, the Federal Reserve consists of the member banks. At the top, it consists of those regulating those banks. Therefore the entity being regulated, is the same entity doing the regulating. This Octopus has a monopoly -- unconsti
42.
by FellowTraveler 13y ago
You seem to be confused in believing that regulated industries do not merge with the bodies that regulate them. We see this same protectionism time and time again. See the health care "industry" for example, which is actually just
43.
by FellowTraveler 13y ago
Perhaps you should Google the stories of Douglas Jackson and Bernard von Nothaus. There is no free market in money. Therefore the problems we see in banking are not problems of a free market. The entire market is sewn up vertically. The Fed
44.
by FellowTraveler 13y ago
> the repeal of the parts of Glass-Steagall that separated commercial and investment banks, is what caused the banking catastrophe. This is like saying that pulling a card from a house of cards is what "caused" its collapse. W
45.
by FellowTraveler 13y ago
You might want to check again.
46.
by FellowTraveler 13y ago
"Repeating an assertion doesn't make it any more true." ===> In that case, deny it. Go ahead, present your case that banking and finance isn't the most cartelized, regulated, corrupt industry on earth.
47.
by FellowTraveler 13y ago
Regarding Bitcoins and gold, it’s important to keep in mind that neither has “intrinsic” value. Rather, both are valued by men for their unique properties. Gold is: Divisible. Fungible. Value dense. (Scarce.) Recognizable. Durable. Zero cou
48.
by FellowTraveler 13y ago
"Not to mention that it's success assures that there is a weird shadowy cabal of people who end up insanely rich because they created it. Doesn't seem like currency should work that way..." ===> You are referring to t
49.
by FellowTraveler 13y ago
How many Cypriots have recovered money from their stolen bank accounts? Quis custodiet ipsos custodes?
50.
by FellowTraveler 13y ago
The financial and banking system is the most heavily-regulated industry there is. The 2007 meltdown was caused by a number of abuses, but "lack of regulation" was not one of them. We most certainly do not have a free market in mon
51.
by FellowTraveler 13y ago
The banking and financial industry is the most heavily regulated (and thus corrupt) industry that we have, surpassing even the health industry. Basically it's just a cartel. Saying that Bitcoin "may need government regulation&quot
52.
by FellowTraveler 13y ago
Instead of asking tricky "clever" questions, I prefer to ask questions which prove basic knowledge of the language. I just want to know if the guy knows what he's doing. Beyond that, I suggest asking to see screenshots and Gi
53.
by FellowTraveler 13y ago
The best language is D. D is link-compatible with C, and it allows you to go as low-level as you wish. Yet D also supports all the latest/greatest language features, and can be used to write high-level script-style code. D is clean, si
54.
by FellowTraveler 13y ago
Sounds more like some sort of ACH or credit-card transfer to me. Not as cash-like as Bitcoin.
55.
by FellowTraveler 13y ago
Saviour
56.
by FellowTraveler 13y ago
> Speaking of income tax, can we get a discount for the days that the federal government is shut down? The income tax doesn't go to fund the government. Rather, debt spending is used to fund the government -- debt that your unborn c
57.
by FellowTraveler 13y ago
Certificate authorities are secure?
58.
by FellowTraveler 13y ago
TLS is secure?
59.
by FellowTraveler 13y ago
-- Even if the key is never STORED in decrypted form on the server, it still EXISTS in decrypted form during a brief moment when your password is used to decrypt that key. -- Therefore the server COULD get your key, though it chooses not to
60.
by FellowTraveler 13y ago
The US tax system is exorbitant and immoral.

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