calafrax

13 ms·

151.
by calafrax 9y ago
Seems like a personal problem for the media. Is the point of this article just to say what a shitty job they do on informing their readers about things that actually matter.
152.
by calafrax 9y ago
Very interesting observations and a very complex subject with many factors. One theory of economics is that it only actually works if very few of the market participants act like rational economic actors. In the example of higher education,
153.
by calafrax 9y ago
Yeah, just like oil, except completely useless.
154.
by calafrax 9y ago
AFAIK the definition of a Ponzi scheme is a fake investment where no actual investment in productive activities takes place and all profits are paid out from increasing intakes. Bitcoin matches this definition exactly since pumping up the c
155.
by calafrax 9y ago
Nothing online is anonymous. Everything you do is logged and tracked. Real cash is much more anonymous than stupid blockchains where every single transaction is published globally for all time.
156.
by calafrax 9y ago
I love this term "blockchain-denialist." But yeah, the whole concept is stupid and the only reason it is getting any traction is because the traditional financial system is just as bad, and there is way to much free cash in the ha
157.
by calafrax 9y ago
If your schema is fully normalized then you never have two instances of the same data in more than one place therefore you never have to update two things simultaneously. Anytime you need a transaction it is because you have the same data,
158.
by calafrax 9y ago
Transactions are never needed with a fully normalized model so if transactions are needed it is probably because your model sucks. Or it is because you denormalized your model because your db engine's performance sucks in which case th