alenlpeacock

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31.
by alenlpeacock 15y ago
I encourage anyone who is thinking of implementing convergent encryption to read "Convergent Encryption Reconsidered" from the tahoe guys: http://www.mail-archive.com/cryptography@metzdowd.com/msg089... (tldr; there are serious security/p
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by alenlpeacock 15y ago
It is undoubtedly true that high inflation is bad. Very bad. What you want, ideally, is a currency whose value doesn't fluctuate much at all in the short term, and which has a long term trend towards slight inflation.
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by alenlpeacock 15y ago
Deflation doesn't remove all incentive to invest, but it does destroy the "gotta keep ahead of inflation" one. I meant to be more explicit about that when I said, "you could still try to invest some of it to try to outperform the gain you g
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by alenlpeacock 15y ago
Deflation removes some of the incentives for investment, but I agree -- not all of them. And in practice, to most rational actors a mild deflation is almost indistinguishable from a mild inflation. It's when either of those swing wildly tha
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by alenlpeacock 15y ago
Inflation/deflation has very little impact on the poor; the poor spend almost 100% of their income within a short window of receiving it just to survive. From the view of poverty, saving money is a rich man's luxury, and worries about infla
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by alenlpeacock 15y ago
There's another argument against fixed currencies like bitcoin that should resonate with the hackernews crowd, and it's this: A currency with inflationary pressure incentivizes investments into new enterprises. A currency with deflationary
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by alenlpeacock 15y ago
It isn't an argument about saving vs. spending, it's an argument about what, fundamentally, money is. Money is a temporary store of value. Imagine a world without it. How would commerce work? Via direct barter. Direct barter is inefficien
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by alenlpeacock 15y ago
When Bitcoin reaches supply maturity, there will be no more bitcoins to mine, making those that are currently held even more valuable, making those who hold them even more inclined to keep hoarding them, no?
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by alenlpeacock 15y ago
software engs in the startup I joined made anywhere from tens of thousands up to more than half a million (depending on how early they joined, when they sold their options, etc).
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by alenlpeacock 15y ago
I can corroborate. Developing Android apps is easy. I got "hello world" to work in about 15 minutes, and was doing asynchronous HTTP Posts of images from the gallery to a remote server the next day, with hooks into the Android sharing syste
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by alenlpeacock 16y ago
3 is a more useful factor for many applications, including measurement for architecture, art, photography, etc. http://en.wikipedia.org/wiki/Rule_of_thirds If I had to rank factors that would be most useful for measurement, I'd put 2, 3,
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by alenlpeacock 16y ago
I made a little dozenal/decimal online converter, check it out: http://flud.org/dozenal-calc.html