ucaetano

14 ms·

61.
by ucaetano 8y ago
Nope, the problem isn't people hoarding money, the problem is doing so outside of a banking system, where such money is put to work in investments. If the economy is growing in the long term and the supply of money is constant, the val
62.
by ucaetano 8y ago
If the supply of money is constant but the demand for it (due to economic growth) is growing, the value of money will always increase, and the prices of things will always decrease. This is trivial. And the consequence is that everyone is b
63.
by ucaetano 8y ago
> Just the deflationary nature of a currency isn't enough to destabilize cycles. No need for cycles: a deflationary currency means that you're better off holding it than investing it. This is disastrous for the economy. > Co
64.
by ucaetano 8y ago
No, they didn't. They did fractional reserve with gold-denominated currencies. Sure, you could create a bitcoin-denominated currency (a terrible idea, but let's entertain it) and perform fractional-reserve banking on it. But at th
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by ucaetano 8y ago
Gold standard != using gold as currency.
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by ucaetano 8y ago
I'm not talking about spending, I'm talking about savings, capital accumulation and re-investment. Your entire point (and your parent's) isn't even wrong. And no, the federal reserve doesn't control the supply of mo
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by ucaetano 8y ago
> Continuing the thought experiment, consider what goods and services people would continue to spend money on, in spite of the expected increase in the value of money. Sorry, but you didn't understand how capital accumulation works.
68.
by ucaetano 8y ago
No, you can't, you need to create a new "currency" to do so. You can't do fractional reserve banking with gold. What banks did was create "gold bonds" that were just a promise to pay. And then you're just
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by ucaetano 8y ago
> A thought experiment: how would an economy run solely on a Bitcoin-like currency behave? And how would it respond to business cycles? Terribly. Bitcoin is by design deflationary, which creates an incentive to maintain currency under th
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by ucaetano 8y ago
Make it "Apple has 100% market share in unlicensable mobile operating systems". Doesn't change the fact that it has 100% market share in that market, no matter how you call that market. You can't have your cake and eat i
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by ucaetano 8y ago
It didn't, because it only addressed Android so far: http://europa.eu/rapid/press-release_IP-16-1492_en.htm "At this stage, the Commission considers that Google is dominant in the markets for general internet
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by ucaetano 8y ago
> That's a very specious argument That isn't an argument, that is literally the market definition used by the EC. > The "licensable" vs. "proprietary" distinction are distribution models that, from a cons
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by ucaetano 8y ago
> Apple don't stand to profit from making Safari the default/only browser on iOS. Yes, it does: it sells placement on that browser, since it is the default browser. And that's billions of dollars per year. > Apple don&#
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by ucaetano 8y ago
No, you're wrong. They are evaluating Android within the context of "licensable mobile operating systems", within which Android has 100% market share. Similarly, iOS has 100% market share in the "proprietary mobile opera
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by ucaetano 8y ago
And not reporting your gains to the IRS? This wasn't a case of someone having had a previous developer account, but of someone having being banned for posting malware on the Play store.
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by ucaetano 8y ago
AFAIK they've been for many years.
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by ucaetano 8y ago
You're assuming that the action was based on policy, not on politics.
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by ucaetano 8y ago
It matters, the EC defined the market as "licensable mobile operating systems", and not "mobile operating systems". If they were looking at "mobile operating systems", their antitrust ruling would make no sense
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by ucaetano 8y ago
> A more comparable analogy would be one where the hypothetical security company isn't told who of their staff is banned That's what background checks are for. If you're hiring someone, it is your responsibility.
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Android users in Europe will be asked which browser and search engine they want(blog.google)
155 points by ucaetano 8y ago|112 comments
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by ucaetano 8y ago
Can't reinforce this enough. Would a bank hire a security company that has a previous bank robber on staff? Would you put your kids in a school that has a previous child molester on staff?
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by ucaetano 8y ago
Is this Microsoft's response to Google's Stadia?
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by ucaetano 8y ago
Probably efficiencies of scale. And those tools aren't there to protect small, inefficient businesses, their existence doesn't make small, inefficient businesses more successful. Quite the opposite: regulation disproportionately i
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by ucaetano 8y ago
> opened up broader quotas I love how you try to justify that this isn't a subsidy by using the word "quotas"!
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by ucaetano 8y ago
> In the Internet sense of the word But that's not the original meaning :)
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by ucaetano 8y ago
If you're going by the original meaning of troll you're missing the fifth category: monstrous cave-dwelling creatures. :)
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by ucaetano 8y ago
> How am I hypocritical? Oh, that wasn't about you specifically, just humans in general. We aren't internally consistent, we are all hypocrites. It isn't a criticism :) And we're all in favor of no lock-in until it co
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by ucaetano 8y ago
So you're just looking after your own interests while calling Spotify hypocritical for doing the same? We're all hypocrites, and we're all looking after our own interests...
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by ucaetano 8y ago
No, it is just an update to what they've been doing for years: showing the top 4 search engines per market as options. Nothing new to see here.
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by ucaetano 8y ago
> Canadian dairy farmers coordinate with one another with the assistance of the Canadian Government to avoid over-producing and under-producing Translating: the Canadian government protects collusion between the Canadian farmers to reduc

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