jljljl

41 ms·

421.
by jljljl 13y ago
The problem is that the heavily restricted money supply and inherent deflationary pressure built into the currency make it a poor medium of exchange, since they provide an incentive to hoard Bitcoin rather than spend it. Something that is s
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by jljljl 13y ago
>>> The government should provide Apple a list of acceptable, competent attorneys who can do this work and let Apple work out the details. That seems like it would create an obvious conflict of interest. The attorney in question is
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by jljljl 13y ago
Interesting. I did some digging and have a few follow ups: 1) Bid Ask spreads vary by exchange and currency, but it seems that with the exception of BT China an MtGox, the bid ask spreads can be quite wide. Prices for BTC/USD also very
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by jljljl 13y ago
This would actually make sense, and it's what some economists have proposed instead of the Federal Reserve: an algorithm that targets a set inflation rate or NGDP growth level.
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by jljljl 13y ago
Exchanging gold for currency doesn't make it a currency. Gold is an asset. If you brought your gold to different people, they might all quote you different amounts, based on how easily the merchant or exchanger could convert the gold i
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by jljljl 13y ago
jnbiche, it's not letting me reply to you so I'm doing it here. You make a good point, and my above explanation was a bit confused. I think BTC faces both problems: There's high volatility, driven by the current level of spec
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by jljljl 13y ago
Just out of curiosity: Has anyone throughly debunked the deflation argument against Bitcoin? Even the Bitcoin wiki seems fairly uncertain that deflation will not be a problem with Bitcoin. I still struggle with how a fixed money supply vs.
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by jljljl 13y ago
Are you saying PayPal has upended monetary economics?
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by jljljl 13y ago
I think he's making a liquidity point. It may be easy from a process standpoint to cash out, but the question is how much the value of your bitcoins may change whenever you cash out. http://www.investopedia.com/terms&#x
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by jljljl 13y ago
IS this all really that big of a deal? Everything you've described above shouldn't really shatter any sort of economic models, it just increases the velocity at which money is exchanged, and reduces any frictions that might occur
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by jljljl 13y ago
Java is only cross platform if you use the JDK, Flash is only cross platform if you use Adobe's plugin, etc. So I don't think this is a completely funny definition of cross platform. >>It doesn’t strike me as a particular
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by jljljl 13y ago
Where are all the people denouncing the Peace Prize? And why isn't there more clamoring for a Nobel Prize in Mathematics?
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by jljljl 13y ago
Stories are fun, let me try one :) "I go to pay at the checkout counter. Oh wait! I suddenly remember I have a rewards card here. Good thing I carry it in my wallet along with the other 10 rewards cards I have...shoot, which pocket did
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by jljljl 13y ago
There are divisions between some major economic theorists who aren't just pundits. For example, read some of the disagreements between Nobel Prize Winners like Robert Lucas and Paul Krugman. Of course, disagreement in a field has nothi
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by jljljl 13y ago
>>It cannot discover truth using repeatable experiments. Behavioral Economics is a field that attempts to do exactly this. Additionally, repeatable experiments is one method of falsifying claims, but it is not the only method. Observa
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by jljljl 13y ago
>> Unless you consider running regressions on historical data falsification? You can make predictions about how policies or exogenous shocks will effect demand/supply/GDP, and then see how things play out in the real world.
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by jljljl 13y ago
>>> The "Nobel Memorial Prize in Economic Sciences" came along in 1968, therefore it is not a 'real' Nobel Prize. People keep saying this like it's some profound insight or knock against economics. The Nobe
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by jljljl 13y ago
There are fields in economics (e.g., behavioral) that attempts to produce insights and theories through repeatable, controlled experiments. The assumption that no scientific testing or experimentation happens in econ is overgeneralizing. I
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by jljljl 13y ago
One of the interesting things about their pricing is that going from 16 to 32 GBs is only $50, vs $100 for the iPhone. I imagine this could do more damage to Apple's margins than anything else Google or Nexus does, if Apple starts to l
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by jljljl 13y ago
This argument would explain slower sales or lower revenues, but I'm not sure this has much validity in explaining the lower net profit or gross profit margins . Lower gross profit margins are probably better explained by either downwa
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by jljljl 13y ago
Just correcting the CodeHS link: http://www.codehs.com/
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EBay acquires UK startup Shutl(techcrunch.com)
10 points by jljljl 13y ago|1 comments
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by jljljl 13y ago
If we're going to say "debunked by science", it would be great to cite a meta-analysis or a paper or two that actually debunks the claims, rather than rely on the claims of a few doctors. Plenty of doctors have made claims th
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by jljljl 13y ago
I think it's more of a teaching tool, given that they have the "Why is this question here?" link. You see the statement, click the link, and realize that some assumptions you made about how the average American lives are off
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The End of "The End of Libraries"(beerbrarian.blogspot.com)
1 points by jljljl 13y ago|0 comments
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by jljljl 13y ago
I think you misunderstand dark pattern here. If you sit and think about it for a while, then yes, it makes perfect sense. But the point of a dark pattern is to give quick, hurried users a misconception of what the choice is. The non-dark pa
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by jljljl 13y ago
No, not really, because whatever their current "motive" is they are using a dark pattern for their tracking opt-out.
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by jljljl 13y ago
Yes that's very true and perceptive. It is also irrelevant to the parent comment.
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by jljljl 13y ago
Don't good economists do the same? Economists also attempt to test micro-economic principles through controlled, randomized experiments, similar to how psychology experiments are conducted.
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by jljljl 13y ago
What should influence government financial and fiscal policy if not economics?

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