JP Morgan's CEO referred to bitcoin as a fraud, and made reference to tulips (the first recorded bubble).
Repeating a comment I made on another thread, I think the tulip reference is inaccurate. The tulips never had any real fall-back value besides as ornamental plants. Bitcoin has a lot of value on the dark-web as a non-governmental currency easily traded online..
So, yes, until another alternative to bitcoin comes along (perhaps one with more security and anonymity) bitcoin will continue to be used and traded. It won't completely crash.
Citizen speculators may add to the value and cause it to boom and bust but for the foreseeable future, there is a value to some people with bitcoin that is more than just an investment tool.
Bitcoin may drop back to $1000- but it will almost certain never crash back down completely (until it is replaced).
A mom-and-pop corner convenience store, I think. I don't live on the East coast of the US, so I can only guess.
They're only really called Bodegas in a small handful of cities in the US. If I hear the word "Bodega" (in the context of the US) it makes me think of New York City. Most people on the East Coast don't use the term.
I'm a big opponent of racism. I am all for equal opportunities and reforming society.
This whole concept of "cultural appropriation" is just ridiculous though. Culture and ideas have always been passed from one culture to another throughout history and that's a good thing.
When one culture does something good that others want to copy, that's a good thing. Sure, something like wearing cornrows in your hair may not necessarily advance society, but there have been times when certain cultural aspects have. Whether it's more practical clothing passed from one culture to another, or Native Americans passing harvesting and agricultural ideas on to colonists, stirrups making their way down from the steppe, the list is endless.
If we strictly enforce the "cultural appropriation is bad" angle, immigrants shouldn't try to fit into their new country because that is appropriating the culture of their hosts. They should keep to their own kind, their own traditions, language, etc, and isolate themselves.
This is all ludicrous! If I like Indian food, I don't see why I shouldn't have a curry. If I like big hair, I would grow an afro. Heck, I may wear a mandarin collar, or walk around wearing tennis shoes with jeans like an American. I like and appreciate many things from many cultures, it shouldn't be frowned upon me showing appreciation for them.
This whole "cultural appropriation is bad" movement is really counter-productive and stupid.
there won't be any cat 5 hurricanes hitting California anytime soon.
No, but there are long term water shortages as the water table drops ever lower... and of course major earthquakes.
I'm sure California is a very pleasant place to live, but with housing costs 10 times as high as other parts of the country, if you could live in a small house in Cali, or a large house and have a lot more left over play money elsewhere and telecommute... lots of people would telecommute and those home values wouldn't be a "safe bet".
I'm not saying there will be a bubble burst that strikes California housing... but it would be horrible for people living there with a $2million mortgage if their house dropped even to $500k.
... that is of course assuming California real estate doesn't crash before you retire. If telecommuting ever becomes main stream where people don't have to live in city they work - real estate in California will plunge (again mainstream, I know some of you already do that).
Certain areas of California are basically a different country with a different currency. if people want to live there and be slaves to their homes, have fun with that. For those lucky enough to have lived there when prices were affordable and are now selling, congrats.
If you can live there, get a wage high enough to pay for your insane cost of living, you've got it made when later you sell your hose. That $2million house (today's money) will cost you $150thousand (today's money) in many parts of the country.
That's $1,850 thousand you get to spend on your retirement and still keep a house the same size (more if you downsize) if you retire to somewhere more reasonably priced.
You and your new fangled Bakelite! My phone is made out of wood! (Ok, so it has some bakelite parts, but you can't expect to use that for the whole phone!)
My phone predates trees. It's essentially two rocks joined together by strands of algae string.
I'm going to go out on a limb and say the ideology of slavery is always wrong. I realize this doesn't fit your worldview. I don't care, and don't plan to get over myself. Too bad.
What is slavery? Being forced to work without compensation or rights.
Current laws here in the US allow prisons to force prisoners to work without pay. One could make the case that giving inmates work and keeping their minds active could help reform them.
i work at university, and the general competency of the students gets lower every couple years.
No i'm not a grumpy old man, just a really depressed educator who looks at his class and asks "whats the point none of them will ever go anywhere"
Once upon a time only certain jobs needed a degree. Now you almost need a college degree for everything. Once upon a time only smart people went to university, now everyone does.
It's not that people are getting stupider, it's just you're seeing a more even cross-section of humanity now, not just the smart people.
History of progress within any given industry has always been boom then trickle, boom then trickle.
When the Microprocessor first was made it was boom then slowed. We came out with multi-cores, it was boom then slowed.
Look at manufacturing. Boom during industrial revolution then growth slowed. Boom with the assembly line then it slowed. Boom after robotics then growth slowed.
Look at agriculture. Boom when farming first developed then slowed. Boomed when automation was pioneered then slowed. Boomed again with modern chemistry then slowed.
The boom normally happens when a new technology or idea is pioneered, and then, you're right, the low hanging fruit associated with that technology is picked first and growth slows.
The next boom in computer chips might come with economic quantum computing is developed, and then people will pick up the low hanging fruit until progress is a trickle again.
Just because innovation may be slow now, the next boom could happen at any time.
This gave me a good chuckle. It's always amusing when people from the left or right try and explain the other side and get it completely wrong.
Newsflash to every extremist on either side: no political ideology is completely wrong or completely right. They all get somethings right and somethings wrong, and the same ideology doesn't always work in every situation and every society.
Get over yourselves. As with most things, the best solution is often somewhere in the between what the extremists from either side espouse. Stop demonizing or regaling people based on their political preferences.
Slashdot Mirror
Jar-Jar, for example.
I would like to imagine Jar-Jar being bombarded by high energy cosmic rays.
Who many version is there of the bible again?
To be fair, if the bible is wrong that wouldn't mean evolution is real. It would just mean the bible is wrong.
/ just playing devil's advocate... of course evolution is real.
They are not Cosmic Rays... they're Midi-Chlorians.
It was very brave and forward thinking of Apple to not allow you to turn off Wifi.
It's obvious. They obviously believe the letters HTC belong in the Alphabet.
With my experience with voice assistants I would expect
1 DVD of the movie Milk.
1 spool of silk.
and 1 reply of "I'm sorry, I don't know how to do that".
Why would I want a device listening to everything in my home?
Why would I want windows on my home. They allow anyone to look in.
In a couple of years Ethereum will say as much bs as much as all the major banks combined.
+$700 USD since the publication of this news.... WTF is happening ?
Common sense. People see "X" hits new recent low. So they buy it so they can cash it out when it his new recent high again.
Just like when headlines were made that it hit $5000 everyone started selling.
JP Morgan's CEO referred to bitcoin as a fraud, and made reference to tulips (the first recorded bubble).
Repeating a comment I made on another thread, I think the tulip reference is inaccurate. The tulips never had any real fall-back value besides as ornamental plants. Bitcoin has a lot of value on the dark-web as a non-governmental currency easily traded online..
So, yes, until another alternative to bitcoin comes along (perhaps one with more security and anonymity) bitcoin will continue to be used and traded. It won't completely crash.
Citizen speculators may add to the value and cause it to boom and bust but for the foreseeable future, there is a value to some people with bitcoin that is more than just an investment tool.
Bitcoin may drop back to $1000- but it will almost certain never crash back down completely (until it is replaced).
A mom-and-pop corner convenience store, I think. I don't live on the East coast of the US, so I can only guess.
They're only really called Bodegas in a small handful of cities in the US. If I hear the word "Bodega" (in the context of the US) it makes me think of New York City. Most people on the East Coast don't use the term.
I'm a big opponent of racism. I am all for equal opportunities and reforming society.
This whole concept of "cultural appropriation" is just ridiculous though. Culture and ideas have always been passed from one culture to another throughout history and that's a good thing.
When one culture does something good that others want to copy, that's a good thing. Sure, something like wearing cornrows in your hair may not necessarily advance society, but there have been times when certain cultural aspects have. Whether it's more practical clothing passed from one culture to another, or Native Americans passing harvesting and agricultural ideas on to colonists, stirrups making their way down from the steppe, the list is endless.
If we strictly enforce the "cultural appropriation is bad" angle, immigrants shouldn't try to fit into their new country because that is appropriating the culture of their hosts. They should keep to their own kind, their own traditions, language, etc, and isolate themselves.
This is all ludicrous! If I like Indian food, I don't see why I shouldn't have a curry. If I like big hair, I would grow an afro. Heck, I may wear a mandarin collar, or walk around wearing tennis shoes with jeans like an American. I like and appreciate many things from many cultures, it shouldn't be frowned upon me showing appreciation for them.
This whole "cultural appropriation is bad" movement is really counter-productive and stupid.
there won't be any cat 5 hurricanes hitting California anytime soon.
No, but there are long term water shortages as the water table drops ever lower... and of course major earthquakes.
I'm sure California is a very pleasant place to live, but with housing costs 10 times as high as other parts of the country, if you could live in a small house in Cali, or a large house and have a lot more left over play money elsewhere and telecommute... lots of people would telecommute and those home values wouldn't be a "safe bet".
I'm not saying there will be a bubble burst that strikes California housing... but it would be horrible for people living there with a $2million mortgage if their house dropped even to $500k.
... that is of course assuming California real estate doesn't crash before you retire. If telecommuting ever becomes main stream where people don't have to live in city they work - real estate in California will plunge (again mainstream, I know some of you already do that).
Certain areas of California are basically a different country with a different currency. if people want to live there and be slaves to their homes, have fun with that. For those lucky enough to have lived there when prices were affordable and are now selling, congrats.
If you can live there, get a wage high enough to pay for your insane cost of living, you've got it made when later you sell your hose. That $2million house (today's money) will cost you $150thousand (today's money) in many parts of the country.
That's $1,850 thousand you get to spend on your retirement and still keep a house the same size (more if you downsize) if you retire to somewhere more reasonably priced.
Just heard a joke recently:
Q: How do you milk sheep?
A: Release a new iPhone and charge £1000 for it.
* - My apology to apple fans
You and your new fangled Bakelite!
My phone is made out of wood! (Ok, so it has some bakelite parts, but you can't expect to use that for the whole phone!)
My phone predates trees. It's essentially two rocks joined together by strands of algae string.
I'm going to go out on a limb and say the ideology of slavery is always wrong. I realize this doesn't fit your worldview. I don't care, and don't plan to get over myself. Too bad.
What is slavery? Being forced to work without compensation or rights.
Current laws here in the US allow prisons to force prisoners to work without pay. One could make the case that giving inmates work and keeping their minds active could help reform them.
Ideas are everywhere, hell I just came up with an idea for converting sound to electrical signals and back, I expect an IPO any day.
Al Gore is currently working on a way to link all computers together over an online network.
First the headphone jack, now the home button. If Apple has enough courage, eventually they'll get rid of the whole damn phone.
They could do that today, but they'd have to charge you twice as much.
Zuckerberg, Musk, Jobs, and Edison are (or were) great business men with some technical understanding that had scientists create things for them.
Tesla is different than the rest in that he was primarily a scientist not a business man.
i work at university, and the general competency of the students gets lower every couple years.
No i'm not a grumpy old man, just a really depressed educator who looks at his class and asks "whats the point none of them will ever go anywhere"
Once upon a time only certain jobs needed a degree. Now you almost need a college degree for everything. Once upon a time only smart people went to university, now everyone does.
It's not that people are getting stupider, it's just you're seeing a more even cross-section of humanity now, not just the smart people.
History of progress within any given industry has always been boom then trickle, boom then trickle.
When the Microprocessor first was made it was boom then slowed. We came out with multi-cores, it was boom then slowed.
Look at manufacturing. Boom during industrial revolution then growth slowed. Boom with the assembly line then it slowed. Boom after robotics then growth slowed.
Look at agriculture. Boom when farming first developed then slowed. Boomed when automation was pioneered then slowed. Boomed again with modern chemistry then slowed.
The boom normally happens when a new technology or idea is pioneered, and then, you're right, the low hanging fruit associated with that technology is picked first and growth slows.
The next boom in computer chips might come with economic quantum computing is developed, and then people will pick up the low hanging fruit until progress is a trickle again.
Just because innovation may be slow now, the next boom could happen at any time.
We can only make things so small.
That's what Mr. Trojan told me too. :(
This gave me a good chuckle. It's always amusing when people from the left or right try and explain the other side and get it completely wrong.
Newsflash to every extremist on either side: no political ideology is completely wrong or completely right. They all get somethings right and somethings wrong, and the same ideology doesn't always work in every situation and every society.
Get over yourselves. As with most things, the best solution is often somewhere in the between what the extremists from either side espouse. Stop demonizing or regaling people based on their political preferences.