vijayboyapati

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by vijayboyapati 12y ago
She writes: "I am also yet to have a single male employee come to my office to give me dirt on a co-worker or share an awkward gossip-like story. My female employees though? Every. single. one." The Economist had an article which
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by vijayboyapati 12y ago
Gold's use value is much, much lower than the current price reflects. Most of the price of gold is explained by its reservation demand - i.e., monetary demand, both by individuals and central banks. And you're incorrect that bitco
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by vijayboyapati 12y ago
Sam writes: "It just means that for it to succeed, we’ll need significant external buy pressure. As I wrote awhile ago, I think the key thing we need for this is people actually using bitcoin for transactions instead of speculation (a
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George R.R. Martin: The Rolling Stone Interview(rollingstone.com)
1 points by vijayboyapati 12y ago|0 comments
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by vijayboyapati 12y ago
The one interaction I had with Larry that I remember was when we were moving from the old Google building (the "googleplex") to a much larger building in the old Silicon Graphics campus. I went there on a Sunday night to check out
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by vijayboyapati 13y ago
The interview is interesting from the perspective of economic history because it reveals the prevailing thinking of the era; namely that capitalism leads to "anarchy" in production. What Stalin and others did not appreciate is th
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by vijayboyapati 13y ago
It's always painful to watch luddite bureaucrats pontificate on technology and how it needs to be controlled to "protect" the population. I remember when I was at Google in 2003 there was a California politician who demanded
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by vijayboyapati 13y ago
Bitcoin is a bubble, but not in a bad way. All monetary goods display a "bubble" phenomenon. Their price cannot be explained by their use demand alone but by a monetary premium. This is true for gold and it's true for the dol
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by vijayboyapati 13y ago
It's amazing to me how much price movements create news. Often people think the causality is the other way around; that there is some underlying news that must be responsible for price movements. Prognosticators in the stock market are
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by vijayboyapati 13y ago
+1 to BIP70. Very exciting that a payment company as capable as Stripe is entering the bitcoin space. Much better for everyone if the Stripes of the world are at the center of the bitcoin ecosystem rather than the Gox's.
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by vijayboyapati 13y ago
This strikes me as the most expected outcome. They are essentially treating Bitcoin as gold (actually slightly better, since gold has a collectible tax rate of 28% which doesn't qualify for the long term capital gains rate). The tricki
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by vijayboyapati 13y ago
The fallacy here is that a monetary good requires some separate use. As a money per se, bitcoin is very useful. As I wrote in this thread, it allows the transfer of value to anyone, anywhere in the world without an intermediary. This has n
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by vijayboyapati 13y ago
- It's false that bitcoin isn't a means of payment. People DO use it as payment. - It's false that it's not a medium of savings. It has reservation demand which is the only reason it has a price. It does not matter that
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by vijayboyapati 13y ago
This illustrates a simple idea in economics: cartels are hard to maintain because participants will look out for their own self-interest.
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by vijayboyapati 13y ago
Merchants have the choice whether or not to hold bitcoin. It's probably fair to say many or most merchants will choose to receive dollars because their costs are in dollars, and the price of bitcoin is still volatile. But the price is
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by vijayboyapati 13y ago
Not only is this bad for RapGenius, it's bad for Google, and most importantly bad for Google's users. Yes, RapGenius screwed up, and they've paid the price. But they've publicly recognized what they did and apologized. G
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by vijayboyapati 13y ago
There is perhaps no compliment greater than a criticism from the econostrologist in chief, Paul Krugman. He is right about one thing tho. Bitcoin IS a bubble. But that is not a pejorative. Any good that becomes money will have a price that
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by vijayboyapati 13y ago
I highly recommend the above advice. 2-factor auth is a simple step that hugely increases security. You must have it on your email at minimum - since having access to your email typically gives you access to many accounts connected to your
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by vijayboyapati 13y ago
Sam sees the flaw in his own argument - when he mentions gold and the possibility of its use a store of value. But he doesn't understand the full significance of his own comment. Moldbug has by far the most compelling (imo) theory on t
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A College Kid Made Over $24,000 Yesterday Just By Waving This Sign On ESPN(businessinsider.com)
2 points by vijayboyapati 13y ago|0 comments
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by vijayboyapati 13y ago
Because their theory inculpated a person (Satoshi) with criminal activity and they were wrong. That is why an apology was appropriate. This isn't just a matter of scientific incorrectness - someone's reputation was attacked.
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by vijayboyapati 13y ago
He is essentially giving the chartalist theory of money. Money cannot arise except through the fiat of the state. Chartalists hate the Mengerian theory on the origin of money because it posits that money arises as a market phenomena. Eventu
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by vijayboyapati 13y ago
Looks like they posted a retraction: http://money.cnn.com/2013/11/27/technology/bitcoin-silk-road... I hope they also apologized.
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by vijayboyapati 13y ago
Ironically, some real mining might be needed to get those bitcoins back!
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by vijayboyapati 13y ago
I wonder, is research like journalism where an academic is morally obliged to issue a retraction or correction for conclusions shown, conclusively, to be false?
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by vijayboyapati 13y ago
What I find quite strange is that I have posted articles which show up in the new section, then later when they make the front page, it shows them posted as someone else. Either dupe detection isn't working (these are very simple URLs
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by vijayboyapati 13y ago
This sounds very encouraging to me. A number of panelists have talked about how banks aren't allowing btc businesses to setup up basic checking accounts and how this needs to be fixed if the US isn't going to be left behind.
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by vijayboyapati 13y ago
This was a great read. Reminds me of a modern day version of George Orwell's classic, Down and Out in Paris and London
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Poll: How much of your investment portfolio should you put in bitcoin?
2 points by vijayboyapati 13y ago|0 comments
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by vijayboyapati 13y ago
0% (you think this is tulip mania 2.0 and the reckoning is nigh!)

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