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User: Ralph+Wiggam

Ralph+Wiggam's activity in the archive.

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Comments · 2,500

  1. Re:Fractional Reserve on Mt. Gox Knew It Was Selling Phantom Bitcoin 2 Weeks Before Collapse · · Score: 3, Insightful

    Except banks have multiple layers of safety nets to cover depositors and investors if things go bad.

    Climbing a mountain with and without a rope are identical most of the time, but the difference is very important under certain conditions.

  2. Re:Stick to GOLD on Mt. Gox Knew It Was Selling Phantom Bitcoin 2 Weeks Before Collapse · · Score: 1

    It may lose a third of its value on occasion, but at least it's pretty to look at.

  3. Re:Bitcoin on Mt. Gox Knew It Was Selling Phantom Bitcoin 2 Weeks Before Collapse · · Score: 4, Insightful

    Madoff ran a ponsi scheme masquerading as a hedge fund with SEC reporting requirements and everything.

    Hedge funds are a notoriously unregulated part of the finance industry. The reporting requirements are minimal.

  4. Re:Becuz on Is the New "Common Core SAT" Bill Gates' Doing? · · Score: 2

    Because everybody knows that dollars are a surefire benchmark of brain power, so we have proof that Gates is an uncanny supergenius,

    Many people who are used to being the smartest person in the room say that they feel stupid when talking to Bill Gates.

    I have a Tandy Model 102, which contains the last software written entirely by Gates. It's astonishingly good and has features years ahead of its time.

  5. Re:With regulations goes... on Singapore To Regulate Virtual Currency Exchanges · · Score: 1

    That's irrelevant. 6% of the total bitcoins were involved in a "possible corruption scheme". In theory, the public blockchain in supposed to shed light on the situation. But that does not seem to be happening.

  6. Re:With regulations goes... on Singapore To Regulate Virtual Currency Exchanges · · Score: 3, Insightful

    ... and the ledger is public, everyone can check for possible corruption schemes.

    How is that working out in the Mt. Gox investigation? It seems like nobody knows shit.

  7. Re:I'm confused on 70% of U.S. Government Spending Is Writing Checks To Individuals · · Score: 1

    Mehhh. It's always been kind of like that. There were just a lot more people and we had much more interesting things to talk about.

  8. Re:Old Man Yells At Cloud on Embarrassing Stories Shed Light On US Officials' Technological Ignorance · · Score: 1

    You mean SUGGESTED postures - not approved. I wonder how many desks you've seen than fit that role?

    (looks down)

    At least one.

    And I wonder why you singled out John McCain?

    Because he's one of the most powerful people in the United States, he has a significant hand in legislation affecting the future of the internet, sits on the Senate Committee on Homeland Security and Governmental Affairs....and HE'S NEVER USED A COMPUTER.

  9. Re:Old Man Yells At Cloud on Embarrassing Stories Shed Light On US Officials' Technological Ignorance · · Score: 1

    All four OSHA approved computer postures have your hands at waist level. None of them involve a keyboard in your lap.

    http://office-ergo.com/wp-content/uploads/2010/12/OSHA-Ref-Postures-200H.jpg

  10. Re:Old Man Yells At Cloud on Embarrassing Stories Shed Light On US Officials' Technological Ignorance · · Score: 3, Informative

    Since when do you have to raise your arms above your chest to use a computer?

  11. Re: There are records on Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins · · Score: 1

    A car is a physical object that used to be in my driveway and is now in your driveway. Those laws wouldn't apply in this case.

    The Japanese legal system and law enforcement officials appear to be woefully unprepared for this situation.

  12. Old Man Yells At Cloud on Embarrassing Stories Shed Light On US Officials' Technological Ignorance · · Score: 1

    As of 2008, John McCain did not use a computer at all. I doubt he's learned since.

  13. Re:How are nuclear weapons going to help though? on Ukraine May Have To Rearm With Nuclear Weapons Says Ukrainian MP · · Score: 1

    Yeah. And where do you plan on living after that? Or do you think that western Europe is going to open its doors to millions of immigrants?

  14. Re:How are nuclear weapons going to help though? on Ukraine May Have To Rearm With Nuclear Weapons Says Ukrainian MP · · Score: 2

    The ethnic Russians in Crimea seem quite eager with going back to Russian rule.

  15. Re:Just start the war already! on Ukraine May Have To Rearm With Nuclear Weapons Says Ukrainian MP · · Score: 1

    I wouldn't want to start a gunfight with Russian soldiers when I'm outnumbered and cut off from reinforcements.

    There is another explanation for the Crimean's lack of resistance. Most of them are ethnic Russians, who speak Russian, and are perfectly happy to be under Russian control.

  16. Re:Riiiight on Ukraine May Have To Rearm With Nuclear Weapons Says Ukrainian MP · · Score: 1

    The old President and his cronies stole a big chunk of Ukraine's cash on hand. They're in the process of applying to the IMF for emergency loans. They will be lucky to keep the lights on in their government offices. Spending billions on a nuclear program is not feasible.

  17. Re:How are nuclear weapons going to help though? on Ukraine May Have To Rearm With Nuclear Weapons Says Ukrainian MP · · Score: 2

    So where do you plan on living after blowing up all of the infrastructure in your own country?

  18. Re: There are records on Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins · · Score: 1

    The Japanese government does not consider bitcoins to be a currency- so I'm not sure what anyone at Mt. Gox would be charged with.

    http://www.bloomberg.com/news/2014-03-07/japan-says-bitcoin-is-not-a-currency-amid-calls-for-regulation.html

  19. Re:Anonymous cryptocurrency, who to trust? on Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins · · Score: 1

    Or print out all of the coins and stick the papers at the bottom of a box of old tax documents or some other boring stuff in the back of your closet and don't keep any digital copies, whatever. There are many ways of doing this that are infinitely better and safer than trusting an exchange and are totally viable.

    Great idea. Now a fire, flood, hurricane, tornado, or earthquake can destroy your house *and* all of your money. It's so much more efficient.

  20. Re:Anonymous cryptocurrency, who to trust? on Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins · · Score: 1

    Of course. It's so simple. We'll just stop buying houses and cars. That will do great things to the economy.

  21. Re:Anonymous cryptocurrency, who to trust? on Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins · · Score: 1

    you want to trust the government, you have about the same luck. They can take your money just as easily...only it'll be legal.

    Please point to one example where the US government confiscated all of the assets from a bank and didn't return anything to the depositors.

  22. Re:Stills seems like it has to be an inside job on Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins · · Score: 4, Insightful

    There's no other reasonable explanation.

    So there's absolutely no chance that people who created a web site to trade Magic The Gathering cards, then hastily modified it to trade bitcoins, could possible get in over their heads technically and financially?

  23. Re:There are records on Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins · · Score: 1

    Where and when are they going to court?

  24. Re:This is why we can't have nice tihngs... on Hackers Allege Mt. Gox Still Controls "Stolen" Bitcoins · · Score: 4, Funny

    Your basic grasp of economics and history has no place here.

  25. Re:A new law in not what is needed on Massachusetts Court Says 'Upskirt' Photos Are Legal · · Score: 1

    >Congress shall make no law...abridging the freedom of speech

    The parent post argued that the constitution is self-evident and needs to interpretation from anyone. I rebutted that by citing the actual text of two amendment.

    The first amendment, read literally, allows anyone to say any thing at any time.