vrotaru

20 ms·

151.
by vrotaru 15y ago
That's your persuasive counterargument? "That theory sucks"? Thank you, you've put it more succinctly than I did. As for "plenty of debated evidence" it just means no evidence. Evidence should be evident, I'd say. when you're talking abo
152.
by vrotaru 15y ago
Marginal utility, marginal utility, marginal utility. It's true for USD, BTC, EUR, PLN... you name it. The more money you have the less valuable the last unit (coin) is. Or seems. Value is subjective, anyway. So what we have here is just an
153.
by vrotaru 15y ago
Even in the very article at hand, it points out that there is a standard economic criticism applicable to deflating currencies that BitCoin may be vulnerable to. Yes, the armchair deflationary spiral theory . With the exception of labor
154.
by vrotaru 15y ago
I am wrong, or the dollars should be already laundered before they reach MtGox? You have to transfer them from a bank account, right?
155.
by vrotaru 15y ago
But you can create an arbitrarily high number of bitcoin-like electronic currency units, simply by taking the exact bitcoin implementation and changing the genesis block Yes, you can. If your X-coins will be in some respect better than th
156.
by vrotaru 15y ago
Your/TC argument above mistakes a handy feature of bitcoin protocols for the whole thing, and then argues than as soon as that feature will be replicated everything will be lost. Well, good luck with that.
157.
by vrotaru 15y ago
Yes, and no. Yes, because, the taxes are not the magic wand that your paint them to be. No, because, I will not recommend anyone to put all their savings in bitcoins. Also, define valuable , and we'll talk. I can easily foresee situations
158.
by vrotaru 15y ago
Efficient transactions schemes are not necessarily good stores of value Yes, but universally accepted scarce tokens are good stores of values. And currently dollars and euro, and almost every other currency are just that. Universally acce
159.
by vrotaru 15y ago
You can't pay taxes in Bitcoins in any industrialized economy in the world. Taxes is not what a money makes. Colonials, Greebacks, French Assignats. They all were used to pay taxes. On the other side the Somali shilling is (still) used as
160.
by vrotaru 15y ago
Well, actually, Cowen says it doesn't in this case. Can I (bit)coin the Tyler Cowen fallacy ? So Tyler Cowen says it doesn't matter? Frankly, I have a hard time trying to remember when it was last time that I heeded to TC financial (or o
161.
by vrotaru 15y ago
US Dollars are backed by the US government who requires that taxes be paid in them, and pays them out to employees. That's a lot of trade outside of US which is done in USD and not in local currencies. Are you going to argue that USD is n
162.
by vrotaru 15y ago
he isn't dignifying the notion that scarcity automatically connotes value Sure. But if we are speaking about competing mediums (media?) of exchanges, scarcity matters. Not the only factor that matters, but one of.
163.
by vrotaru 15y ago
Are people actually buying tens of thousands of dollars worth of bitcoins? http://www.bitcoinmonitor.com/ -- red dots. Well and the MtGox volume last Friday was roughly half a million. USD.
164.
by vrotaru 15y ago
It is a privately created fiat currency, bundled together with an anonymity scheme for transactions. The anonymity scheme means there is some reason to grant one-time seigniorage to the original currency issuers. Eventually the anonymity s
165.
by vrotaru 15y ago
All curious over here. What other commodity a reserves/production ratio of at least 5? (the usual ratio is, at best 1) So?
166.
by vrotaru 15y ago
> That is incorrect on many levels. Gold has applications in MANY things. We still have a more gold that it is put productive uses. Gold reserves/production ratio is 60. No other commodity comes even close. So most of the world's gold i
167.
by vrotaru 15y ago
Gold isn't really a non-consumption commodity. It's used in things like jewelry and compter circuits. Yes, but... (you know the drill) World gold reserves are 60 times its annual production, which means that gold is mostly a non-consu
168.
by vrotaru 15y ago
A better analogy would have been a store owner mining gold in his background and asking customers to take out the waste away. Something like: - Since you're going out, anyway...
169.
by vrotaru 15y ago
Not that I endorse anything but a two-step procedure can enforce a kind of repeatibility. * Step 1. A thousand votes are selected randomly. And counted and the counts are made public * Step 2. The winner vote is selected at random in
170.
by vrotaru 16y ago
It's a hack of of course, but you can set `swing.aatext=true system-wide`. Run: sudo java -jar jpui.jar and set that property under System. `jpui.jar` can be get from http://jpui.sourceforge.net/ The other related property is `awt
171.
by vrotaru 16y ago
> Why should I buy good X for $Y today, when I anticipate that good X will be available for $(.85)Y tomorrow? And why should you buy the good X for $(.85)Y tomorrow, if it will cost $(.7225)Y the day after tomorrow? Right? I see that's
172.
by vrotaru 16y ago
Thanks. I was speaking about annual rate. BTW, a very instructional chart. Can I rant a bit? Thanks again. It'll be about deflationary blips and deflationary spirals . Have you ever noticed that the definition of a deflationary spiral se
173.
by vrotaru 16y ago
No, the 1920-21 was.
174.
by vrotaru 16y ago
I think there was no deflationary spiral between the dates you mentioned. And... since GD lasted a lot longer than that how is that relevant?
175.
by vrotaru 16y ago
> The deflationary contraction occurred between 1929 and 1933. Sorry, but are you serious? For starters: "By keeping industrial wages too high, Hoover sharply depressed employment beyond where it otherwise would have been, and that act
176.
by vrotaru 16y ago
> The Great Depression was a deflationary spiral. No, it wasn't. > Bank failures... Are a big topic, actually, but this one had nothing to do with a deflationary spiral. Hint: A one time deflationary event is not the same as deflati
177.
by vrotaru 16y ago
> There has never had been such a thing a deflationary spiral , though.
178.
by vrotaru 16y ago
And people who first got into computers benefited greatly by convincing others that to get into computers as well. I mean, the more widespread the use of bitcoins the more negligible the initial advantage of early adopters will become.
179.
I've run out of programming languages to study(lambda-the-ultimate.org)
5 points by vrotaru 16y ago|2 comments
180.
by vrotaru 16y ago
If there is anything I hate OO is for the triumphalism of its proponents. Anyway, that's what I've come to think of main programming styles: Imperative style - programming with a global context. OO style - programming with a local, implicit

More ›