bdcs

17 ms·

151.
by bdcs 13y ago
He raises a good point: What about the people that used SR for legal purposes? Are any of the charges against DPR for running the SR, per se, or are they all for peripheral activities, eg conspiracy to kill people. If not, this puts the si
152.
Silk Road Vendor Fighting To Reclaim Bitcoins, Argues He Sold Legal Products(forbes.com)
4 points by bdcs 13y ago|1 comments
153.
by bdcs 13y ago
Obviously this is a scammy marketing ploy, but they didn't even consider basic design elements for a Martian currency =( > Bitcoin's confirmation delay of 10 minutes per block is too long for a young cryptocurrency on Mars - mi
154.
by bdcs 13y ago
Wealth is almost always Pareto distributed -- not normally (Gaussian) distributed as you claim: http://en.wikipedia.org/wiki/Pareto_distribution
155.
by bdcs 13y ago
People currently spend about 9% of disposable income on food as compared to 24% in the 60's -- so what you suggest is happening to some degree: http://3.bp.blogspot.com/-Uz4mKJv2dWQ/T_B-DGnY34I/AAAAAAAATt...
156.
by bdcs 13y ago
I agree with your dissatisfaction with the dearth of data. Unfortunately in bio(chem) fields, pre-prints are rare. Usually theory papers are too.
157.
by bdcs 13y ago
Your example is about experimental HTS, not computational simulations which the parent requested.
158.
by bdcs 13y ago
Yes, with regards to the demand side; no, with regards to the supply side.
159.
by bdcs 13y ago
Your thesis is fundamentally wrong. >citing the growth in inequality since the 1990s only makes [Krugman's (1990)] point about dollar gains/losses more stark. Actually, nothing is different nowadays as from long ago in history:
160.
by bdcs 13y ago
There was a great podcast by NPR's Planet Money[1] about how Norway avoided the "resource curse"[2], or paradox of the plenty, whereby countries with bountiful resources tend to be less developed than vice-verse. Highly recom
161.
by bdcs 13y ago
You can get a 3% discount by using Bitcoin: Coinbase (-1%) -> Gyft (+4%) -> Amazon/BurgerKing/Sears/GAP/Groupon All transactions have a ~3% credit card tax (even if you pay with cash). With Bitcoin, you can avoid t
162.
by bdcs 13y ago
You can always take out a bitcoin loan for a standard short. That has no counter-party risk (on your end). Also, Coinsetter is an US startup that will allow shorting and has a lower amount of counter-party risk, IMO.
163.
by bdcs 13y ago
Great explanation. I would add that a written-off defaulted loan does destroy money. Hence the need for the fed to create money when the private banks destroy it. MZM from St. Louis FRED: research.stlouisfed.org/fred2/graph/?
164.
by bdcs 13y ago
Great site. Here are some bugs I found: In the charting view, switching between delta and cumulative view deselects your metrics. You can't deselect the initial chart (on top in black). Suppose I start out comparing metric A to B, then
165.
by bdcs 13y ago
You are correct that a 51% attack depends on hashing. Other attacks, Sybil, etc. depend on gaining network access to the (a) real bitcoin node with the latest blocks -- more nodes, I guess, helps prevent people from being unable to find the
166.
by bdcs 13y ago
Check this out for an awesome reference (maybe ask them for an API?): http://getaddr.bitnodes.io/
167.
by bdcs 13y ago
Agreed. Additionally there seems to a be a bug: You can average monthly growth over the last 365 days , but you can't see yearly growth over "all time." Additionally the slider was very clunky feeling (hard to use) on my phon
168.
by bdcs 13y ago
If you do add this feature, please have a toggle at the top to turn it off.
169.
by bdcs 13y ago
You can do clever things with BTC to make them reversible in cases where reversibility is nice. First, you can implement a centralized PayPal-type company that clears after X days to implement chargebacks. Boring, but easy to understand and
170.
by bdcs 13y ago
The payment processor (eg BitPay) takes that on. Markets are still razor thin by fiat currency standards, but are 10x to 100x thicker than a year ago. For example, buying 1.5 million USD instantly would raise the price about 4% (using just
171.
by bdcs 13y ago
Bromeliads and many succulents absorb CO2 and release O2 at night using CAM photosynthesis. They're tricky plants, opening their pores only at night to prevent water loss. The actual conversion is done during the day (in the light) usi
172.
by bdcs 13y ago
Exactly! "A recent Bloomberg survey of Wall Street investors, analysts and traders who use the company’s financial data terminals found that the majority thought Internet and social media stocks were at or near unsustainable levels. Ro
173.
by bdcs 13y ago
You can use bitcoin as a payment network so that you have zero bitcoin price exposure. Truly none. For example, with BitPay your POS terminal tells a price denominated in USD to BitPay, (BitPay quotes a bitcoin-denominated price to the cust
174.
by bdcs 13y ago
You asked why anyone would buy something with Bitcoin. Imagine you buy something on Amazon, you can buy bitcoins (with a 1% fee) at coinbase, and use Gyft which gives you 3% back. You end up getting (1+3%)/(1+1%) ~ 2% back. You can als
175.
by bdcs 13y ago
About once a week I'll settle up with friends using BTC out of convenience and, to be honest, novelty. For example, at a restaurant instead of splitting a bill across 6 cards, one person will pay and the other 5 will send btc for their
176.
by bdcs 13y ago
Here are my thoughts: Of course, you're talking about an efficient market keeping prices at an optimum. I think at the crux of the matter is the supply elasticity of goods consumed by the least wealthy. The worry goes as follows: basic
177.
by bdcs 13y ago
In contrast to mbetter, I agree with your assesment.
178.
by bdcs 13y ago
The US dollar IS the world currency if you round up from about 65%: http://en.wikipedia.org/wiki/File:Reserve_currencies.svg Financial institutions buy dollars and sell the others when there is the slightest panic. Chi
179.
by bdcs 13y ago
Sounds like you have done your research, but if you haven't heard of hexa-yurts, check them out! Here's a picture of different designs: http://files.howtolivewiki.com/hexayurt.com/all_yurts_edit.j...
180.
by bdcs 13y ago
Buying vs renting is definitely not the best investment. You must consider that the down payment put into, e.g., stocks can earn a serious return (perhaps enough to pay the rent), while you avoid property taxes, maintenance, etc. From Shill

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