They can't print more of them past the theoretical maximum. So they can't inflate them.
They can take deposits and then loan out those deposits maintaining a fractional reserve of the total deposits. I don't have a problem with fractional reserve so long as I am getting a return on it.
Fractional reserve banking is supposed to be how banks make money. Today, they have credit cards... so they have multiple revenue streams.
In any case, my main beef is inflation due to currency devaluation. Bitcoin is immune to that because you can't print more past the theoretical maximum. It will cap. At which point it will be deflationary.
The thing is that the body can and does create its own protein, fat, and sugar. If it has to convert it is less efficient. However, our problem is not a lack of protein or carbohydrates. Our problem is a sedentary population that doesn't move enough to stimulate their metabolisms.
What is more, there are a great many fat people that are also malnourished due to specific vitamin deficiencies. Much of that is due to not having enough fruit and vegetables in the diet.
The problem with including more fruits and veg is that they're expensive especially for urban dwellers that are both farther from food sources and unable to produce their own.
What is more the cost of these foods has gone up faster then inflation in recent years. This forces people to rely more and more on cheap staple carbohydrate food sources. These sources are FINE. I am not arguing against them at all. However, they are not sufficient without supplements or additional food sources.
If you wish to improve the health of people living in modern countries... improve exercise... outdoor activities of any kind... ideally during the day. And lower the cost and increase the availability of fruits and vegetables.
For example... farmers in California are getting their water cut off. These same farmers produce a disproportionate amount of the nation's fruits and vegetables. Thus, any problem they run into will increase the cost and reduce the availability of those goods. Consider building the poor guys a dam or aqueduct so they can sustain production despite the golden state's continuing chronic mismanagement. Further, encourage people to grow their own gardens. There are backyards throughout the suburbs that are entirely sufficient to grow small gardens that can supplement their diets. That takes further pressure off the farms to provide produce to urban centers.
The idea is to just make produce cheaper and more readily available.
Bitcoin isn't though in the sense that this money was actually STOLEN.
With fractional reserve banking you can rob a country of trillions and it isn't technically stealing. These bitcoins were STOLEN.
Like and old school bankrobbery where some guy breaks into the bank and walks off with boxes of gold coins. Stolen.
And the issue with these bitcoin exchanges is that they were not handling transactions securely. Bitcoin itself is secure. But they made compromises when they set the exchanges up and guess what... that was enough to allow all their money to be stolen.
We've gone over this repeatedly. Had they used bitcoin's own encryption and hash system per transaction they wouldn't have been robbed in THIS way. Possibly they would be robbed in another way. But you learn.
This robbery should go down as a lesson in how NOT to secure a bitcoin exchange. Not that bitcoins themselves are flawed.
So far as I know, no one has found a flaw in bitcoin itself.
So no... it is not the same as fractional reserve banking.
They do... but they exist only so long as the schools have the flexibility to do what is right for their specific school. Every community is different.
The great danger is setting national standards that force schools to do everything the same way which will mean most people won't get what they need.
There is a lot of truth to that, however some of those old codgers have knowledge and skill sets you can't find anymore.
There are a few new tech companies that have seeded their start up with poached old codgers from some of these companies. The result is a much greater depth of technical knowledge. And that has resulted in some products that are profoundly more innovative.
... right? We really need to stop treating all high school students as equals because it hurts all of them.
The students that are having a hard time mastering literacy need a lot of remedial help. The ones that are doing very well need access to accelerated programs and additional subjects.
Do NOT group these kids together. You will make sure the kids that are behind learn NOTHING and the kids that are ahead will achieve less.
Do it the same way DNS works. Publish your location to a shared live database that associates given domain names or users with specific IPs and port numbers.
Then when you need to call someone, your app or whatever checks the database for which IP that name is linked to... and then calls that system directly.
The NSA and government can compromise the list or monitor who calls for specific domains but keep in mind that the list is not in one centralized system but is instead shared around thousands of disconnected systems that the NSA might not have access to... and if you call for a domain name from one of those systems then the NSA knows nothing of the request. Furthermore, if they start poisoning the list you can duplicate the system so there are trusted associations and non-trusted associations.
If you wanted to be ultra secret, you could just take a hint from the deep web and not publish to those systems at all... leaving the task DNS typically does to a more secure system that is more difficult for the NSA to tamper with...
Point being, you can make the system secure. It just requires a few people to get slapped in the face until they've had the pride knocked out of them.
And if you look at that graph, I just cited about 75 percent of the national budget.
The fact that you think you're in the role of the wise patient sage in this situation is frankly pathetic. Look at the graph again.
I officially have no more time for you... you clearly are willfully ignorant and there is nothing I can do to help you. What is more, you're both condescending and boring.
Right, its all evil walmart's fault. Never mind that you see the same thing throughout much of europe where walmart doesn't really operate.
What is more, walmart etc offer a competitive wage... not a living one. The difference is that a competitive wage is an empirically derived figure set by market forces. Where as "living wage" is a made up political buzz word that you can goal post move at will at any time for any reason.
Furthermore, lets say walmart etc did offer whatever it is you want... you'd still have sky high entitlements because a lot of it goes to people that aren't even working AT ALL.
And guess what, genius... if you started jacking up what American business has to pay for labor what do you think will happen to our already low employment figures? Oh that's right... they'd go down. You'd have more unemployed people.
Would that make you happy? Higher wages but higher unemployment?
Notice a fucking pattern? You cannot game the system. Stop trying. It like trying to box a wave. You dance around making these little jabs like you think you're hitting weak spot or something. Its a god damn force of nature. It gives zero shits for you sad little attempts to avoid the inevitable.
Anyone find it more then a little self serving that the leaders of dense urban cities are saying suburbs are bad?
Why then does anyone move to them? Why do people live in them? Sure, cities have lots of nice things. But they also have things that suburbs do not. Such as backyards. Parks that aren't full of hobos. Quiet streets where your children can play without instantly dying.
How many people in NYC enjoy a weekend BBQ with friends? Pretty much none.
So why is google in one place rather then another? Space... building their complexes in San Francisco would be prohibitive. And more importantly... san francisco is a hassle. You have problems there that you don't have in the suburbs. Such as thousands of bicyclists intentionally trying to slow traffic down... ON PURPOSE. Which is a thing in san francisco.
And so with that and the various transit unions acting up... google decided to run their own shuttle service to help their employees get to work.
Reasonable.
And what do we get out of the urban leaders? "this" shit.
I hope cartoon lightening strikes them from comic little thunder clouds... and gets them all sooty.
Inherent in security is what you are trying to keep something secure from... A child safety lock on a container of pills is an example of this... it keeps the pills out of the reach of small children that lack the strength or mental capacity to open the bottle. Once you get old enough to open the bottle it probably isn't as dangerous because you're probably not stupid enough to eat them like m&ms at that point.
There is security on ATMs and banking systems to keep thieves out internal or external. But they do not secure the system from government oversight or even employees of the bank.
Its about trust and control.
Who do you want kept out? What do you want controlled? Itemize it all. Then design your system.
If you wish to keep the NSA out... you need to decentralize. The NSA thrives on exploiting centralized information systems. Decentralize and they have to compromise a cloud of shifting unreliable systems each with information of no to very limited value. They won't do it. Its too much work for too little return.
If you want to keep some person you sent pictures of your genitals from uploading the information to a public gallery... Well... best option is to not send that message. But if you really feel you must... something like snap chat or similar will work against not terribly bright people. Anyone with a clue shouldn't have any trouble finding a program on the net advertised as being specifically able to scrape messages out of those programs.
So yeah... NSA... decentralize... stop that person from sharing your genital photos around... good luck. Just don't do it, dummy.
No... the money will just be spent on food stamps and welfare.
The real complex in the US is the welfare-entitlement complex. And it is devouring my country.... cracking the bones and sucking the marrow out.
They'll never have enough money. They're already spending far more then we take in tax revenue... and so they're cutting things.
Why do you think our infrastructure is crumbling? Because they took the money ear marked for infrastructure and spent it on welfare and entitlements... public unions and pensions.
And why? Power. They buy votes with our money. They they get money by giving ours away to companies as well. Want 1 million in campaign donations? Give a company 500 million in US tax dollars. Want 50,000 union votes in an election that might only have 500000 people voting? Increase their benefits... union bosses will pass the message along and they'll all vote as a block in your favor.
It is eating my country alive. Its cancer.
And for those that will disagree... you're just talking tumors. Its the cancer calling to say it isn't cancer... but it is... Its a science fiction horror story.
It has been eating the military for over a generation. It has long ago hollowed out our manufacturing industry. And now its just rooting around in our guts for another organ to masticate.
America with her guts ripped open with a swarm of zombies feeding on the innards.
If you're not going to maintain legacy compatibility then why should legacy users stay with you?
See? You can't build on your business if you burn your old users faster then you get new ones. Who do you think gets people to use Windows?
Guys like me that find it comfortable.
Make me uncomfortable and we stop pushing people to windows... and there where are you?
Dead.
Choose carefully.
Its the old 80/20 rule. Its a business concept that holds true throughout most industries.
80 percent of your business tends to come from 20 percent of your customers. Therefore, the survival most businesses relies on making a specific 20 percent happy. Fuck them and you're done. The 80 percent might love you. But they're only 20 percent of your business.
Business is not a democracy based on an equality of votes. It is a contract based on a flow of dollars.
A thousand casual users are not worth the same as 100 power users. Never have and never will be.
You make us happy or its over.
Look at the rise and fall of every MS operating system that succeeded and failed.
Which ones did well and which ones failed?
Milliium edition was geared for your casual users. It had a lot of cosmetic upgrades to make the OS pretty.
But it made people like me angry because it was less stable and offered nothing of substance to windows 98. It was trash.
Windows XP was a success because it was geared for business and power users. It was successful and stable for over a decade.
Then we had Vista. Same mistake as ME... same fate.
Then we had windows 7 which was MS's attempt to appologize to my group. After some teething we were able to accept it.
Then we got windows 8 which was ME all over again... and failed.
Learn.
The fucking lab monkey that gets shocked every time it presses the red button learned faster. LEARN. It is not complicated. Stop pressing that button unless you like pain.
Nonsense. Software that worked just fine in Windows XP doesn't function in Windows 7 or 8. There is no reason for it.
And if you consider that the only reason most people use windows is because it is familiar and compatible with existing software... it is a mortal and existential threat to the OS to go changing things radically.
In other words... MS is not blowing their foot off with this crap... they're deep throating a sawed off shotgun.
You think pulling the trigger is wise in that situation... Go for it sport... what's the worst that could possibly happen.
Companies like comcast only exist because no one is allowed to compete with them. Remove the monopoly protection and let them get torn apart by competitors.
Understand, the forces that wish to enslave mankind are without remorse. We have wild eyed religious fanatics. We have self interested tyrants that just want all the whores they can stuff into a gold plated building. We have fanatical ideologues that wish to use humanity as lab rats in their social experiments. Etc...
And when you face such people reason means nothing. Appeals to morality mean nothing. Appeals for mercy mean nothing.
They understand nothing but naked force. Its unfortunate... but they will not stop.
So if you wish to be free... There is no other way.
It is how the United States became free. We did not compromise. We did not waver. We defied the Crown and fought until the Regulars were killed or driven out of the country.
Then they came again in 1812... and we drove them out again. They burned the white house... struck right at the heart of our power. But we did not waver.
The correct choice for Ukraine is probably to split the country between east and west. Let the eastern half be Russian or whatever they want. Let the western half be free.
Slashdot Mirror
They can't print more of them past the theoretical maximum. So they can't inflate them.
They can take deposits and then loan out those deposits maintaining a fractional reserve of the total deposits. I don't have a problem with fractional reserve so long as I am getting a return on it.
Fractional reserve banking is supposed to be how banks make money. Today, they have credit cards... so they have multiple revenue streams.
In any case, my main beef is inflation due to currency devaluation. Bitcoin is immune to that because you can't print more past the theoretical maximum. It will cap. At which point it will be deflationary.
Cord cutters might have actually watched their advertisements on occasion. Now... not a chance.
They just marginalized themselves for nothing.
More important is exercise and vitamins.
The thing is that the body can and does create its own protein, fat, and sugar. If it has to convert it is less efficient. However, our problem is not a lack of protein or carbohydrates. Our problem is a sedentary population that doesn't move enough to stimulate their metabolisms.
What is more, there are a great many fat people that are also malnourished due to specific vitamin deficiencies. Much of that is due to not having enough fruit and vegetables in the diet.
The problem with including more fruits and veg is that they're expensive especially for urban dwellers that are both farther from food sources and unable to produce their own.
What is more the cost of these foods has gone up faster then inflation in recent years. This forces people to rely more and more on cheap staple carbohydrate food sources. These sources are FINE. I am not arguing against them at all. However, they are not sufficient without supplements or additional food sources.
If you wish to improve the health of people living in modern countries... improve exercise... outdoor activities of any kind... ideally during the day. And lower the cost and increase the availability of fruits and vegetables.
For example... farmers in California are getting their water cut off. These same farmers produce a disproportionate amount of the nation's fruits and vegetables. Thus, any problem they run into will increase the cost and reduce the availability of those goods. Consider building the poor guys a dam or aqueduct so they can sustain production despite the golden state's continuing chronic mismanagement. Further, encourage people to grow their own gardens. There are backyards throughout the suburbs that are entirely sufficient to grow small gardens that can supplement their diets. That takes further pressure off the farms to provide produce to urban centers.
The idea is to just make produce cheaper and more readily available.
Everyone else can ignore this issue... unless you live in an area prone to insane viral outbreaks every other week.
Bitcoin isn't though in the sense that this money was actually STOLEN.
With fractional reserve banking you can rob a country of trillions and it isn't technically stealing. These bitcoins were STOLEN.
Like and old school bankrobbery where some guy breaks into the bank and walks off with boxes of gold coins. Stolen.
And the issue with these bitcoin exchanges is that they were not handling transactions securely. Bitcoin itself is secure. But they made compromises when they set the exchanges up and guess what... that was enough to allow all their money to be stolen.
We've gone over this repeatedly. Had they used bitcoin's own encryption and hash system per transaction they wouldn't have been robbed in THIS way. Possibly they would be robbed in another way. But you learn.
This robbery should go down as a lesson in how NOT to secure a bitcoin exchange. Not that bitcoins themselves are flawed.
So far as I know, no one has found a flaw in bitcoin itself.
So no... it is not the same as fractional reserve banking.
They do... but they exist only so long as the schools have the flexibility to do what is right for their specific school. Every community is different.
The great danger is setting national standards that force schools to do everything the same way which will mean most people won't get what they need.
There is a lot of truth to that, however some of those old codgers have knowledge and skill sets you can't find anymore.
There are a few new tech companies that have seeded their start up with poached old codgers from some of these companies. The result is a much greater depth of technical knowledge. And that has resulted in some products that are profoundly more innovative.
... right? We really need to stop treating all high school students as equals because it hurts all of them.
The students that are having a hard time mastering literacy need a lot of remedial help. The ones that are doing very well need access to accelerated programs and additional subjects.
Do NOT group these kids together. You will make sure the kids that are behind learn NOTHING and the kids that are ahead will achieve less.
I'm not so sure the military pensions are outside the defense pie actually.
Do it the same way DNS works. Publish your location to a shared live database that associates given domain names or users with specific IPs and port numbers.
Then when you need to call someone, your app or whatever checks the database for which IP that name is linked to... and then calls that system directly.
The NSA and government can compromise the list or monitor who calls for specific domains but keep in mind that the list is not in one centralized system but is instead shared around thousands of disconnected systems that the NSA might not have access to... and if you call for a domain name from one of those systems then the NSA knows nothing of the request. Furthermore, if they start poisoning the list you can duplicate the system so there are trusted associations and non-trusted associations.
If you wanted to be ultra secret, you could just take a hint from the deep web and not publish to those systems at all... leaving the task DNS typically does to a more secure system that is more difficult for the NSA to tamper with...
Point being, you can make the system secure. It just requires a few people to get slapped in the face until they've had the pride knocked out of them.
if its bullcrap then obviously not.
I said, welfare, entitlements, and pensions.
And if you look at that graph, I just cited about 75 percent of the national budget.
The fact that you think you're in the role of the wise patient sage in this situation is frankly pathetic. Look at the graph again.
I officially have no more time for you... you clearly are willfully ignorant and there is nothing I can do to help you. What is more, you're both condescending and boring.
So... Good day, sir.
Right, its all evil walmart's fault. Never mind that you see the same thing throughout much of europe where walmart doesn't really operate.
What is more, walmart etc offer a competitive wage... not a living one. The difference is that a competitive wage is an empirically derived figure set by market forces. Where as "living wage" is a made up political buzz word that you can goal post move at will at any time for any reason.
Furthermore, lets say walmart etc did offer whatever it is you want... you'd still have sky high entitlements because a lot of it goes to people that aren't even working AT ALL.
And guess what, genius... if you started jacking up what American business has to pay for labor what do you think will happen to our already low employment figures? Oh that's right... they'd go down. You'd have more unemployed people.
Would that make you happy? Higher wages but higher unemployment?
Notice a fucking pattern? You cannot game the system. Stop trying. It like trying to box a wave. You dance around making these little jabs like you think you're hitting weak spot or something. Its a god damn force of nature. It gives zero shits for you sad little attempts to avoid the inevitable.
Anyone find it more then a little self serving that the leaders of dense urban cities are saying suburbs are bad?
Why then does anyone move to them? Why do people live in them? Sure, cities have lots of nice things. But they also have things that suburbs do not. Such as backyards. Parks that aren't full of hobos. Quiet streets where your children can play without instantly dying.
How many people in NYC enjoy a weekend BBQ with friends? Pretty much none.
So why is google in one place rather then another? Space... building their complexes in San Francisco would be prohibitive. And more importantly... san francisco is a hassle. You have problems there that you don't have in the suburbs. Such as thousands of bicyclists intentionally trying to slow traffic down... ON PURPOSE. Which is a thing in san francisco.
And so with that and the various transit unions acting up... google decided to run their own shuttle service to help their employees get to work.
Reasonable.
And what do we get out of the urban leaders? "this" shit.
I hope cartoon lightening strikes them from comic little thunder clouds... and gets them all sooty.
http://www.usgovernmentspendin...
Literally the first link when I typed in "percentage of US budget welfare" into google.
I just showed you how to use the internet.
The above is common knowledge. You just asked if the sun rises in the east and sets in the west.
Yes. Yes it does.
Inherent in security is what you are trying to keep something secure from... A child safety lock on a container of pills is an example of this... it keeps the pills out of the reach of small children that lack the strength or mental capacity to open the bottle. Once you get old enough to open the bottle it probably isn't as dangerous because you're probably not stupid enough to eat them like m&ms at that point.
There is security on ATMs and banking systems to keep thieves out internal or external. But they do not secure the system from government oversight or even employees of the bank.
Its about trust and control.
Who do you want kept out? What do you want controlled? Itemize it all. Then design your system.
If you wish to keep the NSA out... you need to decentralize. The NSA thrives on exploiting centralized information systems. Decentralize and they have to compromise a cloud of shifting unreliable systems each with information of no to very limited value. They won't do it. Its too much work for too little return.
If you want to keep some person you sent pictures of your genitals from uploading the information to a public gallery... Well... best option is to not send that message. But if you really feel you must... something like snap chat or similar will work against not terribly bright people. Anyone with a clue shouldn't have any trouble finding a program on the net advertised as being specifically able to scrape messages out of those programs.
So yeah... NSA... decentralize... stop that person from sharing your genital photos around... good luck. Just don't do it, dummy.
No... the money will just be spent on food stamps and welfare.
The real complex in the US is the welfare-entitlement complex. And it is devouring my country.... cracking the bones and sucking the marrow out.
They'll never have enough money. They're already spending far more then we take in tax revenue... and so they're cutting things.
Why do you think our infrastructure is crumbling? Because they took the money ear marked for infrastructure and spent it on welfare and entitlements... public unions and pensions.
And why? Power. They buy votes with our money. They they get money by giving ours away to companies as well. Want 1 million in campaign donations? Give a company 500 million in US tax dollars. Want 50,000 union votes in an election that might only have 500000 people voting? Increase their benefits... union bosses will pass the message along and they'll all vote as a block in your favor.
It is eating my country alive. Its cancer.
And for those that will disagree... you're just talking tumors. Its the cancer calling to say it isn't cancer... but it is... Its a science fiction horror story.
It has been eating the military for over a generation. It has long ago hollowed out our manufacturing industry. And now its just rooting around in our guts for another organ to masticate.
America with her guts ripped open with a swarm of zombies feeding on the innards.
Nothing more or less.
What you don't seem to get is that these monopolies are a PRODUCT of regulation. The government regulation CREATES these monopolies.
Remove SOME of the regulations and we might get some actual competition.
See if Comcast can pull this crap with 5 other companies breathing down their neck.
Then we should just switch to linux.
If you're not going to maintain legacy compatibility then why should legacy users stay with you?
See? You can't build on your business if you burn your old users faster then you get new ones. Who do you think gets people to use Windows?
Guys like me that find it comfortable.
Make me uncomfortable and we stop pushing people to windows... and there where are you?
Dead.
Choose carefully.
Its the old 80/20 rule. Its a business concept that holds true throughout most industries.
80 percent of your business tends to come from 20 percent of your customers. Therefore, the survival most businesses relies on making a specific 20 percent happy. Fuck them and you're done. The 80 percent might love you. But they're only 20 percent of your business.
Business is not a democracy based on an equality of votes. It is a contract based on a flow of dollars.
A thousand casual users are not worth the same as 100 power users. Never have and never will be.
You make us happy or its over.
Look at the rise and fall of every MS operating system that succeeded and failed.
Which ones did well and which ones failed?
Milliium edition was geared for your casual users. It had a lot of cosmetic upgrades to make the OS pretty.
But it made people like me angry because it was less stable and offered nothing of substance to windows 98. It was trash.
Windows XP was a success because it was geared for business and power users. It was successful and stable for over a decade.
Then we had Vista. Same mistake as ME... same fate.
Then we had windows 7 which was MS's attempt to appologize to my group. After some teething we were able to accept it.
Then we got windows 8 which was ME all over again... and failed.
Learn.
The fucking lab monkey that gets shocked every time it presses the red button learned faster. LEARN. It is not complicated. Stop pressing that button unless you like pain.
I mostly label cables whenever there are a lot of them or it gets complicated.
Every ethernet jack is labeled with a number. The same number is written on the cable at the switch.
It lets me do things like disconnect a given jack by unplugging it from the switch. Or diagnose issues by substituting different appliances.
Nonsense. Software that worked just fine in Windows XP doesn't function in Windows 7 or 8. There is no reason for it.
And if you consider that the only reason most people use windows is because it is familiar and compatible with existing software... it is a mortal and existential threat to the OS to go changing things radically.
In other words... MS is not blowing their foot off with this crap... they're deep throating a sawed off shotgun.
You think pulling the trigger is wise in that situation... Go for it sport... what's the worst that could possibly happen.
Companies like comcast only exist because no one is allowed to compete with them. Remove the monopoly protection and let them get torn apart by competitors.
Such is the price of liberty.
Pay it gladly. It is worth every drop of blood.
Understand, the forces that wish to enslave mankind are without remorse. We have wild eyed religious fanatics. We have self interested tyrants that just want all the whores they can stuff into a gold plated building. We have fanatical ideologues that wish to use humanity as lab rats in their social experiments. Etc...
And when you face such people reason means nothing. Appeals to morality mean nothing. Appeals for mercy mean nothing.
They understand nothing but naked force. Its unfortunate... but they will not stop.
So if you wish to be free... There is no other way.
It is how the United States became free. We did not compromise. We did not waver. We defied the Crown and fought until the Regulars were killed or driven out of the country.
Then they came again in 1812... and we drove them out again. They burned the white house... struck right at the heart of our power. But we did not waver.
The correct choice for Ukraine is probably to split the country between east and west. Let the eastern half be Russian or whatever they want. Let the western half be free.
Because it just happened... Like... just now.... so... What is this "they did something a long time ago" nonsense? They're still doing it.
Stop dicking with the core operating system, causing our programs to not run, and radically altering the GUI so its practically unrecognizable.
Offer us choices and try to empower users. Stop springing things on people that they might not want and taking away features we enjoyed.
That makes us feel powerLESS. You change things and we have no control over it. That doesn't make your users feel good or in control of their devices.
That government has to go... Chavez and those he brought into power are a cancer.
And they can either cut it out or rot.
Up to them to decide and do the deed one way or the other. But I'm done feeling sorry for people that don't fight oppression in their own backyard.