kaonashi

69 ms·

661.
by kaonashi 13y ago
The point is to make the financial system more fragile?
662.
by kaonashi 13y ago
Inflation caused purely by banking operations is as rare as a unicorn.
663.
by kaonashi 13y ago
Bitcoin is hobbled as a banking reserve system as it is deflation biased and fixed in quantity, making it extremely difficult to accommodate any crisis.
664.
by kaonashi 13y ago
Minor quibble: banks do earn interest on reserve balances since 2008. The rate maintenance strategy was changed at that time to address cost instead of quantity.
665.
by kaonashi 13y ago
Reflexive yet vague anti-government sentiments deserve derision.
666.
by kaonashi 13y ago
What difference does divisibility make wrt deflation?
667.
by kaonashi 13y ago
Deflation. The volume of transactions has droppped and the price per unit has increased.
668.
by kaonashi 13y ago
So the removal of the Silk Road Bitcoins from circulation led to a predictable rise in deflation, with the associated decline in activity. I'd thought that Bitcoin economies might be fragile, but this is pretty surprising.
669.
by kaonashi 13y ago
Regardless of how the boom/bust cycle originates, an elastic money supply can accommodate those swings so that they do not cause harm to the overall economy. Bitcoin is the opposite of an elastic money supply, and eventually it becom
670.
by kaonashi 13y ago
It's for this reason I feel that Bitcoin itself is a failed experiment. To the extend that people come to rely on it, we will see increased volatility. Other crypto-currencies such as http://freico.in/ have seemed to
671.
by kaonashi 13y ago
> To libertarians your statement sounds very anti-libertarian And to reasonable people, it sounds reasonable.
672.
by kaonashi 13y ago
Presumably to avoid prosecution for tax evasion.
673.
by kaonashi 13y ago
I'm guessing the full name appears in the .json even though it isn't shown in the html? At first I thought the 'hash' key represented the password hash, but that's the photo hash.
674.
by kaonashi 13y ago
The 'debt' is just treasuries. Interest bearing dollars. They get exchanged for non-interest-bearing dollars as they mature, continually rolled over as a backwards facing record of past deficits. It's the deficits that mat
675.
by kaonashi 13y ago
>The bottom 50% pay nothing at all (they do pay about 12% to state/local/sales taxes). Bullshit. Not just bullshit, but pernicious bullshit. Payroll taxes account for the same amount of receipts as income taxes. Payroll taxes
676.
by kaonashi 13y ago
Delphi… Delphi? Delphi?!?!
677.
by kaonashi 13y ago
Good.
678.
by kaonashi 13y ago
The metric of being 'on time' seems rather irrelevant; being successful at delivering a product that lives up to expectations seems more to the point.
679.
by kaonashi 13y ago
It's like Paypal without the risk management and all the convenience of forex.
680.
by kaonashi 13y ago
Bitcoin paywalls… gee how original. It's just like our old non-solutions, only with Bitcoins, so that makes it awesome.
681.
by kaonashi 13y ago
The monopoly on the use of force by Government agents keeps private actors (or at least it attempts to) from employing violence on their own terms. Absent that monopoly, private agents will fill the void.
682.
by kaonashi 13y ago
Seems like he found out exactly what would happen; the use of force would be wielded more readily by private actors instead.
683.
by kaonashi 13y ago
Although it's a pretty decemt way to get something up and running while you're learning to program.
684.
by kaonashi 13y ago
You've got a bright future, kid.
685.
by kaonashi 13y ago
I'd been used to working all areas of the stack and recently took a 'front-end' position, I'm finding the focus a bit limiting.
686.
by kaonashi 13y ago
O You know, for kids.
687.
by kaonashi 13y ago
The whole situation in Europe is just a collective descent into madness, led by those in high offices. The only surprising part is that they're about 20 years past due.
688.
by kaonashi 13y ago
The high unemployment is fantastic? Or the response in the face of it is?
689.
by kaonashi 13y ago
http://s.mlkshk.com/r/NF6J
690.
by kaonashi 13y ago
They tried to force a Blackberry on me at my last job, I just turned it down as I had no desire to carry around multiple phones with me.

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