What you describe is a completely rotten administration.
What he said is 100% true. No Child Left Behind deals with metrics. One of them is discipline and classroom management. A principal who has a high number of students sent home is less effective than one who doesn't.
What? You think just because it is the government and not the private sector that bullshit metrics are not used?
Anywhere dude. Money talks shit walks is an old 1980's saying that rings so true. If you ask any freelance web developer the more he or she charges the less assholish the customers are. Why?
Easy if you pay cheap they assume a crappy job or assume it's easy and it shouldn't take long and you are incompetent. If they pay more they feel they got more in return and respect a high quality product that will set them apart. That is human nature.
If no one pays you more than they do not value you. Value == money. That is just how the world is.
Did you miss the part where parents of disruptive children do not support teachers and actively fight to undermine them. It doesn't matter if all teachers get paid 6 figure salaries if they do not have the authority to command respect from children and their parents. Children within that kind of setting will not get an effective education no matter how much money is spent into salaries.
Disclaimer I worked for a school district. Classroom management IS A BITCH! It can be done. People are talented at it just like some people are talented selling cars and make a lot of money.
Pay enough money and enough people will enter who have the ability to learn and adopt strict classroom management. Some jobs suck and ARE TOUGH but somebody can do it otherwise that job would not exist right? If the skill is difficult AND important you raise the value of it so people who can do the job will teach instead of being police officers or prison guards as an example.
Second part is dealing with poverty and kids who do not value education. Imagine teaching a class with these punks? Sounds like hell!
FYI my exwife was a teacher with children with emotional problems and I worked at a school district before. You do not see children act like animals in other countries.
Yes the teacher is responsible for setting the tone in the classroom. It IS A HARD JOB to do unless you work in a rich area. Would you want there job after watching this?
Has Bill Gates been successful in spending his money? Is there evidence he has deep knowledge about technology? Is there evidence he has deep knowledge about programming, for example?
Over many years, I have seen almost no evidence of Bill Gates having depth of thinking.
Bill Gates and Nathan Myhrvold wrote a very poor book together, The Road Ahead. Quote from the Wikipedia page:
The New York Times review called the book "bland and tepid" and reading "as if it had been vetted by a committee of Microsoft executives"; it is "little more than a positioning document, sold in book form with accompanying CD-ROM and designed mainly to advance the interests of the Microsoft Corporation."
That New York Times book review suggests that Bill Gates and Nathan Myhrvold were deliberately engaged in fraud, and deliberately eliminated anything of value from the book before it was printed.
Yes his was code was analyzed. It's a very very old story here on Slashdot from early last decade. Bill Gates is one of the most successful CEO's in history. He mad a shitty OS a monopoly and was ahead of the technology curve for the 80's and 90's before it went to shit when Balmer took over.
We know Windows wasn't great but he is good with investments and running a company. His tactics and agreement with IBM gave us the DOS/Windows monopoly we all hate but I give him credit for it in a business sense.
The problem with education is the following statement:
"Those who can do, those who can't teach."
My best teachers were always those who had a non-teaching career first before going into education. One particular AP History teacher I had worked extensively at the state department for many years and moved back home to his podunk country town to raise a family.
Find a way to get those who do or have done something notable into the classroom either as a teacher or a visitor on a regular basis and you'll see a turn around in education.
Or I don't know. I suppose you can pay them like a real professional and not an upper hand blue collar worker. Finland pays them over 100K a year and it is very hard to get into teaching school as it is such a high sought out job. You need a masters degree too and tons of constant workshops.
There are good teachers. The problem is those who are driven to succeed can take the same drive in another field and earn double the income. What kept them in teaching was a desire to help kids out as well as the generous government penchants.
Thanks to conservatives cutting the penchants promised as well as the great recession forcing states to cut funding that is now gone too! Imagine if your 401K could be taken away just like that due to a politician trying to score points or the CEO needs a bonus?
Education is not valued in America. Money talks shit walks on any who say otherwise.
Many teachers today are expected to get masters degrees and tons and tons of debt and do constant training workshops and work well after 4pm when the students leave but only make 40K a year who may have penchant if they do this for 30 years. Screw that man.
Now you end up with the losers who have a degree but can't find work and just get another 2 year degree to be certified to teach. Beats McDonalds right? Those are the ones teaching your kids.
For those unaware before NT hit Microsoft experimented with a non neutered version of Windows that didn't run on top of DOS. WIndows386 could run some legacy DOS apps and Win16 apps but required an expensive 386 with up to 2 whole megs of pricey ram.
The idea and even some of the code made it to WindowsNT 3.1 and probably OS/2 as well.
For those on Windows 10 I am sure you have noticed news alerts in your action center as well as flashing news with pictures on the tile when you click the start button. Microsoft also charges a 30% fee for news which redirects you to USAtoday or Time.com or something in their UWP container.
I have a feeling the next version of Android will come with the same. Perhaps a refresh on the Google start page that shows news items in addition to your frequently visited sites.
You do not need ASIC if there is zero cost of electricity as that is paid for by YOU! Now imagine 1 million users a day even with shitty CPUs mining for you? That can be quite profitable over a single ASIC where you pay electrical cost rather than someone else paying your costs.
Ah but the sleazy part of this is YOU pay for the electricity cost. Not the one getting rich off your computer/electric bill. So with prices at over $5,000 a coin I can see why it maybe more profitable to put an ad but with javascript with bitcoin mining to help someone else get rich off you.
What you all are forgetting is even an inefficient CPU or GPU (not asic) is a very very powerful beast. Where it becomes unprofitable is due to the cost of electricity relative to the cost of the bitcoins mined.
With YOU paying the electricity why not? It's not to pay for someone else riches in their eyes which pisses us off and with $6,000 a coin even if it is fractions of pennies the only cost is writting the code and paying the ad network. A big site like CNN.com has tens of millions a hit in a matter of hours multiplied to make it worth while.
WHich is why Google is making its browser combat it.
I would love to be able to use this to pay websites if that meant either better content or less adverts. If my computer is a 100 watt computer then even going full blast for 10 hours it would be worth ten cents of electricity. (And since I heat my home with electricity actually no cost at all in winter).
While it's a horribly inefficient way to make a micropayment to a wed site, all micropayment systems tend to be very inefficient. So it's just one possible way to do micropayments.
And if I find it's tying up my computer then I just leave the web site.
The thing that might turn out nice here is that perhaps it will become a true stepping stone to a micropayment based low-advertising low-tracking world. Right now everyone avoids pay sites cause there's free stuff out there somewhere. But the real reason is I don't really want to limit my self to a few sites, so I can't just subscribe. One could imagine that there might be a way for sites to band together in the millions as collectives. I then pay $100 a year to the collective. The sites then get micropayments from the collective as their use meters. That I'd do.
But to get there we need to get the idea that you are always paying for the site. whther it's ads, tracking, selling your data, patreon, or subscriptions. you pay. We just need a better micropayment system to make it all homogeneous.
this might be a step in that direction.
google should be afraid.
Dude Google is fighting it because of revenue loss. No ads == no money for Google. Not because they are altruistic and care about performance of your computer.
You do know IE 6 came out almost 17 years ago right?
More importantly, how long did developers and businesses had to suffer from this garbage browser?
My last employer still used IE 6 heavily. Actually our customers did. 1/3 of our enterprise customers still in 2017 still standardized and developed for IE 6 as the code was written between 1999 - 2004 when it had 95% marketshare and we all logically thought no changes would ever be made again since Microsoft set the standards which was common at the time.
Due to technical debt and the importance of the apps it is impossible to ever upgrade. THey waited until 2014 to leave XP behind due to IE 6 and decided to have us host Citrix running unpatched Windows Server 2003 to keep their critical apps going.
It was a pain at around 2015 when UPS stopped supported IE 6 as our agents were screaming to install Chrome (total HIPPA violation). After threatening us all with job termination we installed Chrome without telling the client secretly to keep our jobs since our call flow REQUIRED our agents to check in with UPS on deliveries... face to palm.
I left the company a few months later as I would be fired anyway by the auditors for installing Chrome and the customer/managers would deny they told me to install it so it's on me etc. What is also scary is the other client that used IE 6 processed credit cards and social security numbers.
We have a problem which Equifax is just now showing. It is non technical MBA types bossing IT around and outsourcing who compromise security and of course whose jobs are always secure.
Did they stop having security flaws with IE 7? 8? Edge? Office? Sharepoint? Exchange? Skype? (continue listing all of Microsofts products...)
You want to talk ignorance and then act like there hasn't been ample evidence of bugs from Microsoft Products in the last 16 years...
Ok how many exploits have been found in Chrome, Firefox, Linux, or any other product not from Microsoft? So far Chrome has 9 pages worth!
It's not reported here because we love Linux and Google is cool and we hate Microsoft. I do say this not as a troll but fact with the audience and who selects stories here. My point is most complex software has flaws. Stuff written in C/C++ has lots too as bounds checking and code execution around a buffer overflow were common and both Windows and Unix historically had these problems. Though by default the C libraries in both platforms now prevent this or try to mitigate.
Microsoft has a security buddy now for each product which analyzes and gives project managers security details which is how how Microsoft products changed after the 2005 memo. It's why Vista got those annoying UAC prompts and why later webpages made for IE 6 started to have trouble rendering in later versions.
Disclaimer I am using Chrome so I am not drinking the coolaid.
MS changed to being secure in 2004 with the famous Bill Gates memo. IE 8 matched Chrome 1.0 with kernel level sandboxing in %appdata/lowrights and per threading process since 2009. Firefox just matched IE 8's security this year which is why I dumped it for Chrome in 2011 after the 4.0 fiasco.
IE 9 started the change to standards with hardware acceleration and IE 11/Edge are fully 100% W3C compliant. Infact I think IE 10 is W3C compliant too and no longer sucked but was a bit behind Chrome and Firefox at the time.
Anyway I welcome the rapid improvement to security and standards compliance for both. Where Edge sucks is it is more of a mobile browser than a desktop and had issues crashing during the initial Windows 10 build 204100 release 2015. But that is my take.
Alpha refutes this. I am a slashdot old timer and remember the days of Alpha being the uber hip cool thing to run Windows and Linux on. Slashdot ran on an Alpha running Debian in a dorm room if I recall.
They were a little more than a PC but a beautiful workstation that supported x86 emulation for Windows NT/2000 RC 4.
PowerPC kicked the pentium ass back in 1994! PowerPC was a serious risk for Intel too. RISC could run twice as fast for the same price or run about the same for 1/2 the price due to less programming. It lost too. You know what?
They still lost. Reason being software. No software is available for the ARM on Windows. Therefore it will fail. Even if x86 was 500% better than ARM for Android it will still fail as no software is available for Android x86.
Windows is here as a result of this game with compatibility so Windows without compatibility is pointless. Android is here because of compatibility. Most apps are also on IOS but that is the only competition. This will never change as the market is set now. Go ask IBM's competitors in the early PC or I shall say micro computer market if you want anymore proof?
Yeah, the "investment" aspect of bitcoin at this point is the part that is related to a ponzi scheme. Essentially, nobody is in the market. So as more people come to the market for a fixed amount of bitcoin, the price will continue to rise. Until no more people are coming to the market. Then it will stop rising. And then the "investor" class will leave. And the value of bitcoin will fall.
When these points will be reached is another question. One I'd love to know the answer to, because it would be really easy to get really rich knowing something like that.
I think it will stay.
When Goldman Sachs realized in 2006 that ther real estate market was no good and wanted to leave while they still could they had a problem? It is not liquid or fast/easy to move. Buying real estate is not liquid or easy either. So let's say you're a banker who is loosing money FAST in a crashing stock market.
You could go through your lawyers, auditors, red tape paper pushers, other investors, their lawyers, then get a customer then have the money moved for each transaction. Or you could get your mouse and click buy and move your 10 million ASAP.
I think the later is the winner and normal Joes like how easy and simple it is to move money to and from bitcoin. It is even more liquid than the bank! At a bank any large sum of money takes processing time. With bitcoin BAM done! Goldman Sachs this time around will be buying bitcoin when the market crashes next instead of moving money to and from housing slowly over 1 year.
When the power goes out the world as we know it will end. Bitcoin or not will mean zilch. The world will become total chaos and you can only pray that fiat money/gold/silver will still be worth anything at all.
Yeah with no power no one will be buying or selling. They probablyt will be trading and dollars still for awhile.
Having no power and a civilization collapse is very very improbable and unrealistic. I feel it is someone trying to justify why they lost so much money buying gold at a high because they hated Obama or something of that matter but I could be wrong.
With gold values no one will be trading in their wedding rings for a quart of milk. That is insanity so I say nay to this how argument.
But overall bitcoin and gold are TERRIBLE investments as there is no ROI.
If I cash out now, I will realize a 300% ROI if I don't have to worry about any sort of taxes, so I'm not really sure what you're talking about.
What I meant is it does now earn value. ROI was not the appropriate term. I think earnings would be better as when you buy a stock you get a share of the money earned. When you invest in a home you get rent, etc.
Gold well it doesn't do anything. It doesn't generate wealth. Basically you hope someone will pay more for yours what you bought it for. For 30 year investments it is a bad move as your money looses to inflation compared to a traditional investment instrument. But for a few years bitcoin can go up in value if you want to make a bet.
In Venezuela it's quite popular due to an unstable government and currency. If the US collapses (doubtful) you can always use bitcoin to trade and use any currency you like.
gold fell in 2008, I don't think Bitcoin would behave the same as gold, but losing money is always easy...
Gold will go back up after the stock market crashes. I agree gold is a terrible investment as it earns no income for 30 year returns. However, Gold sea saws and in 1980 it was worth alot too when interest rates were INSANE.
Money always moves so basically buying bitcoin for me at least is a bet that the market will have a correction. All those extra trillions of dollars will need to go where it is safe. That will now be gold and bitcoin. Then I sell and buy stocks:-D
Slashdot Mirror
What you describe is a completely rotten administration.
What he said is 100% true. No Child Left Behind deals with metrics. One of them is discipline and classroom management. A principal who has a high number of students sent home is less effective than one who doesn't.
What? You think just because it is the government and not the private sector that bullshit metrics are not used?
In AMerica $$$$$$ equals respect.
Anywhere dude. Money talks shit walks is an old 1980's saying that rings so true. If you ask any freelance web developer the more he or she charges the less assholish the customers are. Why?
Easy if you pay cheap they assume a crappy job or assume it's easy and it shouldn't take long and you are incompetent. If they pay more they feel they got more in return and respect a high quality product that will set them apart. That is human nature.
If no one pays you more than they do not value you. Value == money. That is just how the world is.
Did you miss the part where parents of disruptive children do not support teachers and actively fight to undermine them. It doesn't matter if all teachers get paid 6 figure salaries if they do not have the authority to command respect from children and their parents. Children within that kind of setting will not get an effective education no matter how much money is spent into salaries.
Disclaimer I worked for a school district. Classroom management IS A BITCH! It can be done. People are talented at it just like some people are talented selling cars and make a lot of money.
Pay enough money and enough people will enter who have the ability to learn and adopt strict classroom management. Some jobs suck and ARE TOUGH but somebody can do it otherwise that job would not exist right? If the skill is difficult AND important you raise the value of it so people who can do the job will teach instead of being police officers or prison guards as an example.
Better teachers is 1 part of the problem.
Second part is dealing with poverty and kids who do not value education. Imagine teaching a class with these punks? Sounds like hell!
FYI my exwife was a teacher with children with emotional problems and I worked at a school district before. You do not see children act like animals in other countries.
Yes the teacher is responsible for setting the tone in the classroom. It IS A HARD JOB to do unless you work in a rich area. Would you want there job after watching this?
"The others didn't go so well..."
Has Bill Gates been successful in spending his money? Is there evidence he has deep knowledge about technology? Is there evidence he has deep knowledge about programming, for example?
Over many years, I have seen almost no evidence of Bill Gates having depth of thinking.
Bill Gates and Nathan Myhrvold wrote a very poor book together, The Road Ahead. Quote from the Wikipedia page:
That New York Times book review suggests that Bill Gates and Nathan Myhrvold were deliberately engaged in fraud, and deliberately eliminated anything of value from the book before it was printed.
Yes his was code was analyzed. It's a very very old story here on Slashdot from early last decade. Bill Gates is one of the most successful CEO's in history. He mad a shitty OS a monopoly and was ahead of the technology curve for the 80's and 90's before it went to shit when Balmer took over.
We know Windows wasn't great but he is good with investments and running a company. His tactics and agreement with IBM gave us the DOS/Windows monopoly we all hate but I give him credit for it in a business sense.
The problem with education is the following statement:
"Those who can do, those who can't teach."
My best teachers were always those who had a non-teaching career first before going into education. One particular AP History teacher I had worked extensively at the state department for many years and moved back home to his podunk country town to raise a family.
Find a way to get those who do or have done something notable into the classroom either as a teacher or a visitor on a regular basis and you'll see a turn around in education.
Or I don't know. I suppose you can pay them like a real professional and not an upper hand blue collar worker. Finland pays them over 100K a year and it is very hard to get into teaching school as it is such a high sought out job. You need a masters degree too and tons of constant workshops.
There are good teachers. The problem is those who are driven to succeed can take the same drive in another field and earn double the income. What kept them in teaching was a desire to help kids out as well as the generous government penchants.
Thanks to conservatives cutting the penchants promised as well as the great recession forcing states to cut funding that is now gone too! Imagine if your 401K could be taken away just like that due to a politician trying to score points or the CEO needs a bonus?
Education is not valued in America. Money talks shit walks on any who say otherwise.
Many teachers today are expected to get masters degrees and tons and tons of debt and do constant training workshops and work well after 4pm when the students leave but only make 40K a year who may have penchant if they do this for 30 years. Screw that man.
Now you end up with the losers who have a degree but can't find work and just get another 2 year degree to be certified to teach. Beats McDonalds right? Those are the ones teaching your kids.
Didn't Windows386 run on top of this?
For those unaware before NT hit Microsoft experimented with a non neutered version of Windows that didn't run on top of DOS. WIndows386 could run some legacy DOS apps and Win16 apps but required an expensive 386 with up to 2 whole megs of pricey ram.
The idea and even some of the code made it to WindowsNT 3.1 and probably OS/2 as well.
For those on Windows 10 I am sure you have noticed news alerts in your action center as well as flashing news with pictures on the tile when you click the start button. Microsoft also charges a 30% fee for news which redirects you to USAtoday or Time.com or something in their UWP container.
I have a feeling the next version of Android will come with the same. Perhaps a refresh on the Google start page that shows news items in addition to your frequently visited sites.
You do not need ASIC if there is zero cost of electricity as that is paid for by YOU! Now imagine 1 million users a day even with shitty CPUs mining for you? That can be quite profitable over a single ASIC where you pay electrical cost rather than someone else paying your costs.
I would rather be at the mercy of Google than of Russian cybercriminals with a $600 a month electric bill to pay for their wealth.
My guess is they are making legitimate ads but with Javascript so they can earn money both ways.
Ah but the sleazy part of this is YOU pay for the electricity cost. Not the one getting rich off your computer/electric bill. So with prices at over $5,000 a coin I can see why it maybe more profitable to put an ad but with javascript with bitcoin mining to help someone else get rich off you.
What you all are forgetting is even an inefficient CPU or GPU (not asic) is a very very powerful beast. Where it becomes unprofitable is due to the cost of electricity relative to the cost of the bitcoins mined.
With YOU paying the electricity why not? It's not to pay for someone else riches in their eyes which pisses us off and with $6,000 a coin even if it is fractions of pennies the only cost is writting the code and paying the ad network. A big site like CNN.com has tens of millions a hit in a matter of hours multiplied to make it worth while.
WHich is why Google is making its browser combat it.
I would love to be able to use this to pay websites if that meant either better content or less adverts. If my computer is a 100 watt computer then even going full blast for 10 hours it would be worth ten cents of electricity. (And since I heat my home with electricity actually no cost at all in winter).
While it's a horribly inefficient way to make a micropayment to a wed site, all micropayment systems tend to be very inefficient. So it's just one possible way to do micropayments.
And if I find it's tying up my computer then I just leave the web site.
The thing that might turn out nice here is that perhaps it will become a true stepping stone to a micropayment based low-advertising low-tracking world. Right now everyone avoids pay sites cause there's free stuff out there somewhere. But the real reason is I don't really want to limit my self to a few sites, so I can't just subscribe. One could imagine that there might be a way for sites to band together in the millions as collectives. I then pay $100 a year to the collective. The sites then get micropayments from the collective as their use meters. That I'd do.
But to get there we need to get the idea that you are always paying for the site. whther it's ads, tracking, selling your data, patreon, or subscriptions. you pay. We just need a better micropayment system to make it all homogeneous.
this might be a step in that direction.
google should be afraid.
Dude Google is fighting it because of revenue loss. No ads == no money for Google. Not because they are altruistic and care about performance of your computer.
You do know IE 6 came out almost 17 years ago right?
More importantly, how long did developers and businesses had to suffer from this garbage browser?
My last employer still used IE 6 heavily. Actually our customers did. 1/3 of our enterprise customers still in 2017 still standardized and developed for IE 6 as the code was written between 1999 - 2004 when it had 95% marketshare and we all logically thought no changes would ever be made again since Microsoft set the standards which was common at the time.
Due to technical debt and the importance of the apps it is impossible to ever upgrade. THey waited until 2014 to leave XP behind due to IE 6 and decided to have us host Citrix running unpatched Windows Server 2003 to keep their critical apps going.
It was a pain at around 2015 when UPS stopped supported IE 6 as our agents were screaming to install Chrome (total HIPPA violation). After threatening us all with job termination we installed Chrome without telling the client secretly to keep our jobs since our call flow REQUIRED our agents to check in with UPS on deliveries ... face to palm.
I left the company a few months later as I would be fired anyway by the auditors for installing Chrome and the customer/managers would deny they told me to install it so it's on me etc. What is also scary is the other client that used IE 6 processed credit cards and social security numbers.
We have a problem which Equifax is just now showing. It is non technical MBA types bossing IT around and outsourcing who compromise security and of course whose jobs are always secure.
Did they stop having security flaws with IE 7? 8? Edge? Office? Sharepoint? Exchange? Skype? (continue listing all of Microsofts products...)
You want to talk ignorance and then act like there hasn't been ample evidence of bugs from Microsoft Products in the last 16 years...
Ok how many exploits have been found in Chrome, Firefox, Linux, or any other product not from Microsoft? So far Chrome has 9 pages worth!
It's not reported here because we love Linux and Google is cool and we hate Microsoft. I do say this not as a troll but fact with the audience and who selects stories here. My point is most complex software has flaws. Stuff written in C/C++ has lots too as bounds checking and code execution around a buffer overflow were common and both Windows and Unix historically had these problems. Though by default the C libraries in both platforms now prevent this or try to mitigate.
Microsoft has a security buddy now for each product which analyzes and gives project managers security details which is how how Microsoft products changed after the 2005 memo. It's why Vista got those annoying UAC prompts and why later webpages made for IE 6 started to have trouble rendering in later versions.
IE 6 was made 17 years ago.
Disclaimer I am using Chrome so I am not drinking the coolaid.
MS changed to being secure in 2004 with the famous Bill Gates memo. IE 8 matched Chrome 1.0 with kernel level sandboxing in %appdata/lowrights and per threading process since 2009. Firefox just matched IE 8's security this year which is why I dumped it for Chrome in 2011 after the 4.0 fiasco.
IE 9 started the change to standards with hardware acceleration and IE 11/Edge are fully 100% W3C compliant. Infact I think IE 10 is W3C compliant too and no longer sucked but was a bit behind Chrome and Firefox at the time.
Anyway I welcome the rapid improvement to security and standards compliance for both. Where Edge sucks is it is more of a mobile browser than a desktop and had issues crashing during the initial Windows 10 build 204100 release 2015. But that is my take.
You do know IE 6 came out almost 17 years ago right?
Alpha refutes this. I am a slashdot old timer and remember the days of Alpha being the uber hip cool thing to run Windows and Linux on. Slashdot ran on an Alpha running Debian in a dorm room if I recall.
They were a little more than a PC but a beautiful workstation that supported x86 emulation for Windows NT/2000 RC 4.
PowerPC kicked the pentium ass back in 1994! PowerPC was a serious risk for Intel too. RISC could run twice as fast for the same price or run about the same for 1/2 the price due to less programming. It lost too. You know what?
They still lost. Reason being software. No software is available for the ARM on Windows. Therefore it will fail. Even if x86 was 500% better than ARM for Android it will still fail as no software is available for Android x86.
Windows is here as a result of this game with compatibility so Windows without compatibility is pointless. Android is here because of compatibility. Most apps are also on IOS but that is the only competition. This will never change as the market is set now. Go ask IBM's competitors in the early PC or I shall say micro computer market if you want anymore proof?
Yeah, the "investment" aspect of bitcoin at this point is the part that is related to a ponzi scheme. Essentially, nobody is in the market. So as more people come to the market for a fixed amount of bitcoin, the price will continue to rise. Until no more people are coming to the market. Then it will stop rising. And then the "investor" class will leave. And the value of bitcoin will fall.
When these points will be reached is another question. One I'd love to know the answer to, because it would be really easy to get really rich knowing something like that.
I think it will stay.
When Goldman Sachs realized in 2006 that ther real estate market was no good and wanted to leave while they still could they had a problem? It is not liquid or fast/easy to move. Buying real estate is not liquid or easy either. So let's say you're a banker who is loosing money FAST in a crashing stock market.
You could go through your lawyers, auditors, red tape paper pushers, other investors, their lawyers, then get a customer then have the money moved for each transaction. Or you could get your mouse and click buy and move your 10 million ASAP.
I think the later is the winner and normal Joes like how easy and simple it is to move money to and from bitcoin. It is even more liquid than the bank! At a bank any large sum of money takes processing time. With bitcoin BAM done! Goldman Sachs this time around will be buying bitcoin when the market crashes next instead of moving money to and from housing slowly over 1 year.
When the power goes out the world as we know it will end. Bitcoin or not will mean zilch. The world will become total chaos and you can only pray that fiat money/gold/silver will still be worth anything at all.
Yeah with no power no one will be buying or selling. They probablyt will be trading and dollars still for awhile.
Having no power and a civilization collapse is very very improbable and unrealistic. I feel it is someone trying to justify why they lost so much money buying gold at a high because they hated Obama or something of that matter but I could be wrong.
With gold values no one will be trading in their wedding rings for a quart of milk. That is insanity so I say nay to this how argument.
They also don't earn revenue like a traditional investment such as a Stock dividend or rent from a bought property.
They still are not a good investment for 30 years for this reason.
However, they are great gambling tool or safe haven in the event of a stock market crash temporarily just like bitcoin.
FYI if you had no power who are you going to buy and sell from?
But overall bitcoin and gold are TERRIBLE investments as there is no ROI.
If I cash out now, I will realize a 300% ROI if I don't have to worry about any sort of taxes, so I'm not really sure what you're talking about.
What I meant is it does now earn value. ROI was not the appropriate term. I think earnings would be better as when you buy a stock you get a share of the money earned. When you invest in a home you get rent, etc.
Gold well it doesn't do anything. It doesn't generate wealth. Basically you hope someone will pay more for yours what you bought it for. For 30 year investments it is a bad move as your money looses to inflation compared to a traditional investment instrument. But for a few years bitcoin can go up in value if you want to make a bet.
Wait he sold his bitcoins for $14??
Those 7 would be worth $42,000! Who is the fool?
In Venezuela it's quite popular due to an unstable government and currency. If the US collapses (doubtful) you can always use bitcoin to trade and use any currency you like.
gold fell in 2008, I don't think Bitcoin would behave the same as gold, but losing money is always easy...
Gold will go back up after the stock market crashes. I agree gold is a terrible investment as it earns no income for 30 year returns. However, Gold sea saws and in 1980 it was worth alot too when interest rates were INSANE.
Money always moves so basically buying bitcoin for me at least is a bet that the market will have a correction. All those extra trillions of dollars will need to go where it is safe. That will now be gold and bitcoin. Then I sell and buy stocks :-D