The problem is you can't get rid of it by reformatting your hard drive. This isn't a root account, and it's not ring 0. Unless you know how to make it secure, it shouldn't exist, and Intel doesn't know how to make it secure.
(1) Undefined behavior. UB is completely unacceptable in 2017
You'll be sad to find out that your favorite language has undefined behavior as well, unless your favorite language is ML. It's just not worth the effort to fully define the language.
Go is really popular with devops type jobs (github and gitlab use it, for example). It was designed to fit in that kind of niche (which Google has a lot of need for) and it does it well.
It annoys me that they are making a backwards incompatible version, though. All the time I spent learning the language gone to waste.
Magical stuff this gold. So it's value can increase infinitely it seems. And soon we will be trading atoms of it. At which point, what will you do that has true value with an atom, or even micro ounce? And how are you going to store that micro ounce, if it is a certificate for it, well welcome to fiat.
Theoretically, banks can sell a portion (represented by a bill, which may represent a portion even smaller than an atom) and back their currency with gold in their vaults. Historically, since people don't practically trust banks, the problem has been solved with a bimetallic standard, using silver or iron along with the gold. People have even used postage stamps.
No matter how we measure it, there is simply not enough gold to support the US economy, much less the entire world's.
No, you're wrong.Suppose the world's currency were entirely backed by gold. A single ounce would be worth $200,000. You wouldn't be able to buy an ounce (at least, most people wouldn't, which is unfortunate because it's nice for decorating purposes).
The economy wouldn't collapse. People would start selling "micro-ounces" of gold, or use a bi-metallic standard. Banks would issue paper backed by gold, but each bill would only be worth a milli-gram or even micro-gram of gold. These strategies have been used for millenia.
No matter how much the value of the world increases, the current amount of gold (or any other thing) can scale up to represent it by further dividing it.
One of the biggest problems with gold as a backup currency is that it represents a nuclear option. Because the ability to immediately exchange whatever amount of money you have for an equivalent amount of gold means that there must be no more wealth than can be covered by an immediate transfer from that wealth to gold
The price of gold isn't fixed. As soon as you buy some, the price of gold goes up. This is imperceptible for small amounts of gold, but the price will grow up dramatically.
There's a common trait in the human race that spans thousands of years; a propensity to never fucking learn
It's hard when you keep dying. A person learns something, then he dies so his descendants forget it. That's why writing (imo) is the most significant technology of all history.
Nah, you are making a bunch of predictions based on a sparsity of data. There are very few eras when deflation happened (at least where we have decent data), so there is not enough data. Inflation happens during recessions, too, and you can kill debtors no matter whether you have inflation or deflation.
There are people who want inflation, and they produce quite a bit of propaganda, and you've been listening to that propaganda. Don't: there isn't enough empirical data to show that either inflation or deflation is superior.
Nodes that supported the fork were actually being actively blocked by other nodes. I don't know if that had any effect in his announcement, but it might have affected his ability to even mine.
If inflation is negative, you just factor that into the inflation rate. If the agreed-upon interest payment is 10%, and the expected inflation rate is -3%, then you can make the interest rate 7%. Alternately, if the inflation rate is positive 3%, you can adjust for it by making the interest 13%.
Incidentally, this means that in some cases interest payments will be negative, and that has happened.
In terms of bitcoin, if it costs more to make a single bitcoin (in terms of electricity and hardware costs) than people will pay for the bitcoin, then you would be a fool to mine bitcoin.
In fact, that is built into the bitcoin algorithm. As miners drop out (because it's too expensive to make a single coin), the effort required also drops, to entice people back in.
Slashdot Mirror
You're scare-mongering. At least, you're trying.
The problem is you can't get rid of it by reformatting your hard drive. This isn't a root account, and it's not ring 0. Unless you know how to make it secure, it shouldn't exist, and Intel doesn't know how to make it secure.
(1) Undefined behavior. UB is completely unacceptable in 2017
You'll be sad to find out that your favorite language has undefined behavior as well, unless your favorite language is ML. It's just not worth the effort to fully define the language.
My understanding of it was more like interoperability rather than backwards compatibility. So you could call into go1 code from go2.
Go is really popular with devops type jobs (github and gitlab use it, for example). It was designed to fit in that kind of niche (which Google has a lot of need for) and it does it well.
It annoys me that they are making a backwards incompatible version, though. All the time I spent learning the language gone to waste.
Oh, yeah. Sounds like you are saying, "I am not willing to pay any extra in taxes to fix this problem."
Plea bargaining should be abolished. Nobody should be punished for exercising their right to a fair trial.
How much extra are you willing to pay in taxes to ensure that happens? That's basically what it comes down to.
Magical stuff this gold. So it's value can increase infinitely it seems. And soon we will be trading atoms of it. At which point, what will you do that has true value with an atom, or even micro ounce? And how are you going to store that micro ounce, if it is a certificate for it, well welcome to fiat.
Theoretically, banks can sell a portion (represented by a bill, which may represent a portion even smaller than an atom) and back their currency with gold in their vaults. Historically, since people don't practically trust banks, the problem has been solved with a bimetallic standard, using silver or iron along with the gold. People have even used postage stamps.
Tell the guy that bought in 1980 that the price always goes up.
Ouch for him.
No matter how we measure it, there is simply not enough gold to support the US economy, much less the entire world's.
No, you're wrong.Suppose the world's currency were entirely backed by gold. A single ounce would be worth $200,000. You wouldn't be able to buy an ounce (at least, most people wouldn't, which is unfortunate because it's nice for decorating purposes).
The economy wouldn't collapse. People would start selling "micro-ounces" of gold, or use a bi-metallic standard. Banks would issue paper backed by gold, but each bill would only be worth a milli-gram or even micro-gram of gold. These strategies have been used for millenia.
No matter how much the value of the world increases, the current amount of gold (or any other thing) can scale up to represent it by further dividing it.
Lately there is a bubble in irrationality, so if you can predict irrationality, you'll be rich.
One of the biggest problems with gold as a backup currency is that it represents a nuclear option. Because the ability to immediately exchange whatever amount of money you have for an equivalent amount of gold means that there must be no more wealth than can be covered by an immediate transfer from that wealth to gold
The price of gold isn't fixed. As soon as you buy some, the price of gold goes up. This is imperceptible for small amounts of gold, but the price will grow up dramatically.
There's a common trait in the human race that spans thousands of years; a propensity to never fucking learn
It's hard when you keep dying. A person learns something, then he dies so his descendants forget it. That's why writing (imo) is the most significant technology of all history.
Screen locked? Not a problem!
It's kind of like making predictions on what would happen if you drove a lithium-batteried car through a concrete wall at 100mph.
Not at all.
Vulnerabilities present and reported in the kernel-based DRIVER FOR A TOY since *2003*
What are you talking about?
USB has a problem. Even if the kernel is 100% secure, you can use the USB standard to hack devices. This is why secure environments put glue in their USB ports.
Nah, you are making a bunch of predictions based on a sparsity of data. There are very few eras when deflation happened (at least where we have decent data), so there is not enough data. Inflation happens during recessions, too, and you can kill debtors no matter whether you have inflation or deflation.
There are people who want inflation, and they produce quite a bit of propaganda, and you've been listening to that propaganda. Don't: there isn't enough empirical data to show that either inflation or deflation is superior.
Nice post.
Nodes that supported the fork were actually being actively blocked by other nodes. I don't know if that had any effect in his announcement, but it might have affected his ability to even mine.
If the inflation rate is -3%, then the debtor's income will tend to reduce by 3% each year,
No that's backwards. The debtor's income will increase every year (unless his boss literally cuts his wages).
If the inflation rate is -3%, the bank can make a 3% profit by just holding cash.
And they can make 4% profit by loaning it out, just like now. Thus they will loan it out.
. If you don't give out a loan your capital will grow on its own, so why bother.
Because you make even more money by loaning it out. The interest rate will increase to the point that people are willing to loan money.
I've read research that this strategy actually works, which is amazing to me.
There are so many mosquitos, how can they possibly release enough to actually make a difference in the population?
If inflation is negative, you just factor that into the inflation rate. If the agreed-upon interest payment is 10%, and the expected inflation rate is -3%, then you can make the interest rate 7%. Alternately, if the inflation rate is positive 3%, you can adjust for it by making the interest 13%.
Incidentally, this means that in some cases interest payments will be negative, and that has happened.
In terms of bitcoin, if it costs more to make a single bitcoin (in terms of electricity and hardware costs) than people will pay for the bitcoin, then you would be a fool to mine bitcoin.
In fact, that is built into the bitcoin algorithm. As miners drop out (because it's too expensive to make a single coin), the effort required also drops, to entice people back in.