I was referring to the general subjects, not the specific courses. However if you wish to be pedantic, by all means continue. I also find your insinuation about my passing elementary English (yes, this time I mean the course) quite laughable, considering I am fluent in probably 3 more languages than you are. Also please note your spelling mistake in the very first word of your post; I say this with a certain degree of self-satisfaction: don't you proof-read what you write?
Your paycheck. I understood your point so well that I moved to Costa Rica, where there is no tax on foreign income. So apart from sales tax and customs duty, I don't pay tax at all (and no, I'm not American, I was born in a country where you only pay income tax if you reside in that country). I guess I learned that in math class. Pura vida mae! By the way they're thinking of modifying the law here to try to grab a share of foreign income - so I could be moving soon to Panama, or back to the Bahamas...
I understand that - but I think Hermanas was forgetting the significance of a 0-.25% interest rate. When I was younger, you could easily get a 13% interest rate on a savings account. Inflation was around 10% or so. That meant that you were about 3% ahead of inflation. Today, inflation is (supposedly) around 3% (but probably more), you are lucky to get 1% interest on a savings account, so you actually LOSE money by keeping cash lying around. Without considering bank fees at all.
Of course this is by design. The government wants to encourage spending, so low to no interest rates are here to stay. They are much happier with people risking their money by making the decisions you mentioned in your post (buying machinery, inventory, etc) because they believe this "stimulates the economy". Of course what it really does is destroy the incentive to save and forces people to take unnecessary risk.
In the case of a "virtual currency" I agree that the company that issues said currency can immediately turn around and use the cash for something else. They would be wise, however, to keep a cash reserve to cover themselves in the case of a sudden increase of "withdrawals" or purchases drawn on the currency. If the currency is ONLY exchangeable for something like software - especially electronically distributed software, then they can immediately spend all the cash - because as we all know, the marginal cost of distributing that additional copy of software is next to nothing. If at any point however the virtual currency can be converted back to real currency, then they have to operate like a bank and keep 20% or so in reserve at all times.
Yeah - hey wait, have you seen what banks are paying in interest lately? I think even Berkshire Hathaway would be hard pressed to earn "millions in interest" from a bank account. Especially when you deduct all those fees banks like to charge for the difficult task of having to hold your money. You could possibly earn millions from bonds if you had enough capital, but now you have introduced an element of risk...
Because what the "researchers" failed to consider is that the developing world in fact relies FAR MORE heavily on wireless than wired technology. It's a well known fact that phone owners in Africa are more likely to have a cell phone than a land-line, for example. Here in Costa Rica you can apply for a land-line and maybe get one in 5 to 11 years, or you can buy a cell phone and maybe have to wait 3 months - or get it right away if you're lucky.
Agreed. Trolling is half the fun. Watching trolls get pwned is the other half. It counts as entertainment - to me at least it's far more entertaining than what the latest bimbo starlet has to say about quantum mechanics.
I agree that it's silly to think that electricity will disappear forever. However when you sit down and think seriously about the problem involved in say, powering your home through alternative energy, it dawns on you what a huge amount of power we consume with our basic house-hold appliances. I just have to look at that 125 amp breaker - with 240V that is 30kW that can be sucked through it. Of course I never get close, even with the water heater, clothes dryer, fridge, stove and computer running at the same time, but for peak power that is one crapload of solar panels, batteries and/or wind turbines just for little old me. PS - I am not in the US, your building codes may vary.
You mean like Loki games who was driven out of business because people were pirating their games more than buying?
Or perhaps people weren't interested in buying 10 year old games at the prices they charged. Hey did Pan Am go bankrupt due to piracy too? How about GM? Companies go bankrupt for all sorts of reasons.
Slashdot Mirror
China says: and nothing of value was lost. "See Yu onna moon, sucka!"
But wouldn't the money be better invested if they designed trains that can swim instead of trains that can fly?
I wonder what other "features" this chip will have. In the land of the free, you are free to do as you are told.
The companies in question should be forced to accept arbitration instead of lawsuits.
"We need that tracking data otherwise how can I locate my next liver donor?"
I was referring to the general subjects, not the specific courses. However if you wish to be pedantic, by all means continue. I also find your insinuation about my passing elementary English (yes, this time I mean the course) quite laughable, considering I am fluent in probably 3 more languages than you are. Also please note your spelling mistake in the very first word of your post; I say this with a certain degree of self-satisfaction: don't you proof-read what you write?
With love and equal pomp,
Dunbal
Your paycheck. I understood your point so well that I moved to Costa Rica, where there is no tax on foreign income. So apart from sales tax and customs duty, I don't pay tax at all (and no, I'm not American, I was born in a country where you only pay income tax if you reside in that country). I guess I learned that in math class. Pura vida mae! By the way they're thinking of modifying the law here to try to grab a share of foreign income - so I could be moving soon to Panama, or back to the Bahamas...
I understand that - but I think Hermanas was forgetting the significance of a 0-.25% interest rate. When I was younger, you could easily get a 13% interest rate on a savings account. Inflation was around 10% or so. That meant that you were about 3% ahead of inflation. Today, inflation is (supposedly) around 3% (but probably more), you are lucky to get 1% interest on a savings account, so you actually LOSE money by keeping cash lying around. Without considering bank fees at all.
Of course this is by design. The government wants to encourage spending, so low to no interest rates are here to stay. They are much happier with people risking their money by making the decisions you mentioned in your post (buying machinery, inventory, etc) because they believe this "stimulates the economy". Of course what it really does is destroy the incentive to save and forces people to take unnecessary risk.
In the case of a "virtual currency" I agree that the company that issues said currency can immediately turn around and use the cash for something else. They would be wise, however, to keep a cash reserve to cover themselves in the case of a sudden increase of "withdrawals" or purchases drawn on the currency. If the currency is ONLY exchangeable for something like software - especially electronically distributed software, then they can immediately spend all the cash - because as we all know, the marginal cost of distributing that additional copy of software is next to nothing. If at any point however the virtual currency can be converted back to real currency, then they have to operate like a bank and keep 20% or so in reserve at all times.
Yeah google voice, where google listens to your conversation while promising that they don't actually "listen" to it.
What did they teach you in school?
Useful stuff, like math, physics and chemistry.
Sorry I am a cat person and I don't believe in Dog.
(PS - not true. I have the cutest little Maltese puppy and no, she has never been harmed.)
But why would anyone buy a Mac in the first place? Ahh oh yeah status, sorry. Ok, enjoy the headaches that come with your "status".
if you let them in on the cut you can move a lot more.
Of course if you have enough cash to move, you might as well own the casino... oh wait-
could earn them millions in interest.
Yeah - hey wait, have you seen what banks are paying in interest lately? I think even Berkshire Hathaway would be hard pressed to earn "millions in interest" from a bank account. Especially when you deduct all those fees banks like to charge for the difficult task of having to hold your money. You could possibly earn millions from bonds if you had enough capital, but now you have introduced an element of risk...
Because what the "researchers" failed to consider is that the developing world in fact relies FAR MORE heavily on wireless than wired technology. It's a well known fact that phone owners in Africa are more likely to have a cell phone than a land-line, for example. Here in Costa Rica you can apply for a land-line and maybe get one in 5 to 11 years, or you can buy a cell phone and maybe have to wait 3 months - or get it right away if you're lucky.
Or one man's troll is Apple's customer.
Agreed. Trolling is half the fun. Watching trolls get pwned is the other half. It counts as entertainment - to me at least it's far more entertaining than what the latest bimbo starlet has to say about quantum mechanics.
Don't worry there is real science going on, but unfortunately you don't speak Mandarin.
So you would need about 6800 containers.
So about 1 Sendai tsunami's worth of containers?
I agree that it's silly to think that electricity will disappear forever. However when you sit down and think seriously about the problem involved in say, powering your home through alternative energy, it dawns on you what a huge amount of power we consume with our basic house-hold appliances. I just have to look at that 125 amp breaker - with 240V that is 30kW that can be sucked through it. Of course I never get close, even with the water heater, clothes dryer, fridge, stove and computer running at the same time, but for peak power that is one crapload of solar panels, batteries and/or wind turbines just for little old me. PS - I am not in the US, your building codes may vary.
Come and get it.
But you have to hurry or all the old will be gone.
Of course not, silly. The Library of Congress is a measure of volume, not length.
Sigh, what do they teach people nowadays.
Rather outdated. The new elitist is streaming movies on his iPhone at Starbucks while he walks away from his mortgage because it's underwater.
You mean like Loki games who was driven out of business because people were pirating their games more than buying?
Or perhaps people weren't interested in buying 10 year old games at the prices they charged. Hey did Pan Am go bankrupt due to piracy too? How about GM? Companies go bankrupt for all sorts of reasons.
As an atheist I don't have a soul, but will that show up on the soul detector or can I just pretend to have one in order to get what I want?