The ISPs have always had this ability and do so under NN too. Under NN, they arenâ(TM)t allowed to slow down ER1s medical data over ER2s medical data. They can still prioritize medical data, VoIP, VOD, etc over something like webpages, ftp, bittorent, telnet, etc. NN isnâ(TM)t against QoS.
Would you have said the same about the cigarette industry targeting pre-teens and teens? Or is there no line here?
How does a parent who at best can single channel only spend about 8 hours a day with their children compete against the multichannel bombardment of social pressures, ads, and peers? Normally the former would be less than 8 hours and the latter would be more than 8 hours (school, friends, tv, etc).
Its hard enough for most adults to make responsible choices on a daily basis, let alone have kids do such. And here you are expecting them to actually teach others. Its not that simple to teach kids to make responsible choices.
And the failure of such expectations is a burden on all of us. Rather than leave it to the singular unit called the parents, lets make it a community effort. This was the way it has always been; only recently has this changed. The old proverb "It takes a village to raise a child." wasn't said in vain. With Facebook's reach, isn't it part of everyone's "village" and shouldn't we expect more from such a old wise one?
Of course. My friend would never do that deal with me. He believes as you posted.
However, Sqreater post gave me the impression that the current financial system was worse than Bitcoin. Which I completely disagree with. But he didnâ(TM)t indicate how bad or good Bitcoin was to give a reference for our current system. And his rant is voted +4 Insightful. I hardly find it such.
We could have the worst financial system in the world but it maybe better than all before.
I thought my post made it quite obvious that I know what a short is. The post wasnâ(TM)t intended to be misleading or a got ya. But the point was not to test the original poster but to get an understanding of their view of Bitcoin (While a buy will tell you of a persons confidence in a widget, a short will provide the persons uncertainty in that confidence).
The original poster noted some very big opinions of the current system. I was curious what his opinion on Bitcoin was. If they were sure that it would remain stable at its current $10k price or even go much higher; they wouldnâ(TM)t really care lending me for however long I needed at a very low rate. But if they are hesitant to lose the ability to sell the coins at a moments notice, then I think that says more than the original post.
Funny, I remember people saying the same thing about treason during the prior Republican presidency. At least with Obama, we didnâ(TM)t get into any NEW wars. Atleast we killed the guy who did 9/11.
With another Republican President, we appear to be 2-3 tweets away from invading NK.
You forgot two points. -easy replacement of destroyed units -inflatable to forgive past mistakes.
The first is easy to understand I think. If someone runs away with their Bitcoins and dies at the bottom of the sea those coins should effectively be lost. The value would be spread across the remaining but there quickly comes a point of limit for a currency that is naturally limited in its units.
The second is a bit more difficult. An employee gets paid 2 coins today and 2 far into the future rather than 3 coins today. The reasoning being that the extra coin isnâ(TM)t available today or could be invested to increase business growth. Growth that could fund the 2 coins in the future. One common example of this is the pension system deployed in societies all over the world. There are other similar vehicles but letâ(TM)s stick with pensions.
Now if growth doesnâ(TM)t go well and the 2 coins donâ(TM)t appear... social tranquility wise, it does go over very well. You get riots, take overs, hangings, wars, etc. All of which cause more lost growth and further kills other promises. A vicious cycle that historically had literally been stopped with spilling enough blood.
The way around this is to print money. You lower the value of the promise a little bit and take a little from rest of society to pay off the obligation and keep peace. Of course there are natural limits, inflate too much and your currency is worthless (ie: Venezuela & Nigeria).
Basically being able to print and destroy currency allows you some flexibility to borrow from good times to patch the bad times; making the roller coaster less bumpy and stay on the rails. This is also why currency isnâ(TM)t pegged to something like gold.
Let me ask you a simple question. Will you lend me a Bitcoin today for 6 months at $500? At the end of 6 months, I will return it to you and of course you keep the $500.
How about 1 month, 3 months, or a year? At which point will you say no?
No, every one of those had someone say the same thing as the original poster. Everyone of them killed quite a number of people since inception. Most had quite a bit of safety measures prior to public deployment. And still the original cars were quite shitty to look at, mostly useless, and basically a fashion statement.
Just because this one appears to be rushed doesnâ(TM)t mean it is. Today we have far more pre and post safety checks than anytime in history. But at the end of the day, true improvement really happens post deployment. Holding them back before they have something to show doesnâ(TM)t add any value here.
BTW, we still have steam engines today. No need to go âoebackâ to them.
Basically Ajit is saying some private companies are expressing their personal opinion in their business. And some are big enough to influence public opinion.
He feels this ability to direct public opinion and restrict speech should be available to ALL large companies. Not just the few entitled. Even the ones with significant tax payer funding. Only qualification is money, highest bid wins!
Of course his government organization is allowed to do this too. They ignored public opinion on their feedback forums.
If Bitcoin totally collapsed in a short enough time frame (say 2 weeks), it would be noticeable but hardly damaging to the economy at large. Google has $700B as its cap. The SPY ETF from one company that links to the S&P 500 (meaning its a small percent of the total) is ~$250B. A loss of either wouldn't significantly impact the economy*. Bitcoin's collapse would be even more minor.
The primary impacts we would notice would be any highly leveraged hedges that would collapse too and rip out funds from proper investments to cover the losses. Basically people who borrowed to pay interest on loans to buy coins would now have to liquidate stable assets to cover the required payments. If they can't pay, then the lender would need to do the same to cover lost operational cash flows.
It is quite difficult to ascertain between speculation and investment. Society has been trying to do it for centuries to curb bubbles, recessions, in/deflations, gold rushes, etc and hasn't gotten anywhere. Any interventions have resulted in worse outcomes.
* = Thou in Google's case we wouldn't lose the services totally, they would be bought up cheap and serviced by someone else. We would see service degradation and no new stuff, but it would still work.
Thou I agree with you on your general opinion, other than the two Excel questions, the rest of the answers would be a yes.
AD isnâ(TM)t perfect, even it struggles to manage PCs, nested groups, and start up scripts when you get into 30+k clients. You will find PCs a week later that havenâ(TM)t installed a patch! We actually avoid NGs 3+ levels deep and keep the scripts very very slim.
People just donâ(TM)t realized how many industries are subsidized. Steel industry, weapons, airplanes, truck transportation, energy production, corn, soybean, nuclear, healthcare, banks, domestic car makers, some foreign car makers, movies, R&D in general, homes, Alaska, etc.
Musk is more or less in the middle when it comes to subs. Nothing to complain about but also not clean. But I donâ(TM)t get all the hate either. There are a lot of players with similar if not in better positions to take advantage of the same subsidies. Itâ(TM)s not like the sub has his name on it. Yet Musk is the one staying in front. Clearly itâ(TM)s not a simple field and there are great risks of failure.
I was thinking the same. Seems like poor planning. In a few years, like most laptops, that battery wonâ(TM)t hold much charge. At which time you wonâ(TM)t be able to touch the tabletâ(TM)s full performance because it will shutdown relying on just the wire.
What idiot let that through? Did they replace the GPU at the last minute and not do a full spec assessment?
Inherent cost has never meant inherent value. This is a fundamental. Just because it cost you $10 to get a gallon of milk doesnâ(TM)t guarantee you can sell it for $10. Arguing against that is like arguing that the gravitational phenomenon doesnâ(TM)t exist.
But it is a lot more than that. Same was true for the Roman and British empiresâ(TM) currencies. But both were unstable compared to The Dollar.
The US government doesnâ(TM)t overtly mess with the currency. For example, if they printed a ton of money, it would cause inflation and that would hurt China & India who hold a lot of our currency. Both would look at this as âoecheatingâ and stop accepting dollars, further tanking the value. For the US, it would bring back jobs and manufacturing. Looks like a win win. However, most of the dollars are held by US citizens. Thus the damage would be felt at home too. Domestic investment would dry up, which would mean foreign ownership would go up.
So the US govt doesnâ(TM)t play much games in the dollar manipulation. They have a lot of credibility in the world financial markets and have gained that through decades of discipline. Even during the WWs, both sides kept gold in the US!
Of course the US govt does some manipulation in terms of quantitative easing, interest rates, reserves, and printing. But itâ(TM)s relatively minor in comparison to other countries & currencies. The next closest contender is the Euro and it is far behind. The gold medal goes to first place, not the fastest.
The Roman Empireâ(TM)s currency was fairly close to the US dollar in terms of confidence. But that wasnâ(TM)t really due to their discipline. The currency was basically pegged to precious metals. However the downside was that almost no manipulation could be done that would have provided the empire with financial buffers.
Gold has the historic characteristic of being usable as collateral in a loan. This is why many people actually convert their countryâ(TM)s currency into physical gold. That sector of the market has volume and liquidity. Not to mention the overall market cap is like comparing a peanut to a watermelon.
Bitcoin isnâ(TM)t there yet. And due to the way it works, I donâ(TM)t think it is even possible.
No, Bitcoin IS a bubble. There is no debate there. Things that surge in pricing well above historic norms and intrinsic value without explanation are considered a bubble.
The question is how big will it get and when will it pop. There are instances where a bubble deflates over time but that is extremely rare and needs a lot of market conditions/controls not present during the up tick.
This isnâ(TM)t new to SV. Everyone before them did this. Itâ(TM)s called marketing and we all fell for it. They were called villages, towns, military posts, military bases, mining towns, factory towns, retirement homes, campuses, UGA, dormitories, roomies, friends with benefits, cube hotels, etc.
Just 10 years ago the real estate industry was freshening up âoeThe Villageâ. You know, âoeDonâ(TM)t you want to go back to the village?â But the dirt replaced by concrete, metal, and glass; the local food replaced by expensive restaurants; the village heads replaced by an overly expensive and intrusive HOA, I mean VOA! Everything in walking distance but you need a segway. YEAH! Just like a village!
And exactly what region does âoeAmericaâ reference? North America, South America, Central America, or the âoeAmericaSâ?
If the poster said Americans and only referred to US citizens... ok we got a discussion. Someone in Panama might be insulted if they were told they were an âoeAmericanâ. But America is fairly accepted as short for the United States of America.
People need to get from point A to B. Lots of people. Enough that current modes of transit are inefficient and congested. They need to traverse the space between. Ground level is at a premium. Above ground is too visible for peopleâ(TM)s tastes. Air requires a lot of coordination.
I think it is news for those born before 1970 and/or thought computers were the only electronic thing around. I remember even in Middle school thinking âoeWhy isnâ(TM)t this easierâ when doing a labor. If anything this âoetool upgradeâ has been too slow in adoption. My guess is that the old folks that grew up in a macro electronics world and didnâ(TM)t see micro controllers in everything are retiring and being replaced by those who did. So now the people who always thought it should be easier are implementing what is common sense to them.
Slashdot Mirror
The ISPs have always had this ability and do so under NN too. Under NN, they arenâ(TM)t allowed to slow down ER1s medical data over ER2s medical data. They can still prioritize medical data, VoIP, VOD, etc over something like webpages, ftp, bittorent, telnet, etc. NN isnâ(TM)t against QoS.
Would you have said the same about the cigarette industry targeting pre-teens and teens? Or is there no line here?
How does a parent who at best can single channel only spend about 8 hours a day with their children compete against the multichannel bombardment of social pressures, ads, and peers? Normally the former would be less than 8 hours and the latter would be more than 8 hours (school, friends, tv, etc).
Its hard enough for most adults to make responsible choices on a daily basis, let alone have kids do such. And here you are expecting them to actually teach others. Its not that simple to teach kids to make responsible choices.
And the failure of such expectations is a burden on all of us. Rather than leave it to the singular unit called the parents, lets make it a community effort. This was the way it has always been; only recently has this changed. The old proverb "It takes a village to raise a child." wasn't said in vain. With Facebook's reach, isn't it part of everyone's "village" and shouldn't we expect more from such a old wise one?
Of course. My friend would never do that deal with me. He believes as you posted.
However, Sqreater post gave me the impression that the current financial system was worse than Bitcoin. Which I completely disagree with. But he didnâ(TM)t indicate how bad or good Bitcoin was to give a reference for our current system. And his rant is voted +4 Insightful. I hardly find it such.
We could have the worst financial system in the world but it maybe better than all before.
I thought my post made it quite obvious that I know what a short is. The post wasnâ(TM)t intended to be misleading or a got ya. But the point was not to test the original poster but to get an understanding of their view of Bitcoin (While a buy will tell you of a persons confidence in a widget, a short will provide the persons uncertainty in that confidence).
The original poster noted some very big opinions of the current system. I was curious what his opinion on Bitcoin was. If they were sure that it would remain stable at its current $10k price or even go much higher; they wouldnâ(TM)t really care lending me for however long I needed at a very low rate. But if they are hesitant to lose the ability to sell the coins at a moments notice, then I think that says more than the original post.
Funny, I remember people saying the same thing about treason during the prior Republican presidency. At least with Obama, we didnâ(TM)t get into any NEW wars. Atleast we killed the guy who did 9/11.
With another Republican President, we appear to be 2-3 tweets away from invading NK.
You forgot two points.
-easy replacement of destroyed units
-inflatable to forgive past mistakes.
The first is easy to understand I think. If someone runs away with their Bitcoins and dies at the bottom of the sea those coins should effectively be lost. The value would be spread across the remaining but there quickly comes a point of limit for a currency that is naturally limited in its units.
The second is a bit more difficult. An employee gets paid 2 coins today and 2 far into the future rather than 3 coins today. The reasoning being that the extra coin isnâ(TM)t available today or could be invested to increase business growth. Growth that could fund the 2 coins in the future. One common example of this is the pension system deployed in societies all over the world. There are other similar vehicles but letâ(TM)s stick with pensions.
Now if growth doesnâ(TM)t go well and the 2 coins donâ(TM)t appear... social tranquility wise, it does go over very well. You get riots, take overs, hangings, wars, etc. All of which cause more lost growth and further kills other promises. A vicious cycle that historically had literally been stopped with spilling enough blood.
The way around this is to print money. You lower the value of the promise a little bit and take a little from rest of society to pay off the obligation and keep peace. Of course there are natural limits, inflate too much and your currency is worthless (ie: Venezuela & Nigeria).
Basically being able to print and destroy currency allows you some flexibility to borrow from good times to patch the bad times; making the roller coaster less bumpy and stay on the rails. This is also why currency isnâ(TM)t pegged to something like gold.
Bitcoin doesnâ(TM)t have this capability.
Let me ask you a simple question. Will you lend me a Bitcoin today for 6 months at $500? At the end of 6 months, I will return it to you and of course you keep the $500.
How about 1 month, 3 months, or a year? At which point will you say no?
No, every one of those had someone say the same thing as the original poster. Everyone of them killed quite a number of people since inception. Most had quite a bit of safety measures prior to public deployment. And still the original cars were quite shitty to look at, mostly useless, and basically a fashion statement.
Just because this one appears to be rushed doesnâ(TM)t mean it is. Today we have far more pre and post safety checks than anytime in history. But at the end of the day, true improvement really happens post deployment. Holding them back before they have something to show doesnâ(TM)t add any value here.
BTW, we still have steam engines today. No need to go âoebackâ to them.
Dear Horsebuggy Driver,
I am not sure if you are talking about the cottengin, steam engine, train, steam car, motorcycle, mainframe, corn harvester, wind farm, aeroplane, iPhone, or Pokémon Go.
Could you clarify?
Basically Ajit is saying some private companies are expressing their personal opinion in their business. And some are big enough to influence public opinion.
He feels this ability to direct public opinion and restrict speech should be available to ALL large companies. Not just the few entitled. Even the ones with significant tax payer funding. Only qualification is money, highest bid wins!
Of course his government organization is allowed to do this too. They ignored public opinion on their feedback forums.
If Bitcoin totally collapsed in a short enough time frame (say 2 weeks), it would be noticeable but hardly damaging to the economy at large. Google has $700B as its cap. The SPY ETF from one company that links to the S&P 500 (meaning its a small percent of the total) is ~$250B. A loss of either wouldn't significantly impact the economy*. Bitcoin's collapse would be even more minor.
The primary impacts we would notice would be any highly leveraged hedges that would collapse too and rip out funds from proper investments to cover the losses. Basically people who borrowed to pay interest on loans to buy coins would now have to liquidate stable assets to cover the required payments. If they can't pay, then the lender would need to do the same to cover lost operational cash flows.
It is quite difficult to ascertain between speculation and investment. Society has been trying to do it for centuries to curb bubbles, recessions, in/deflations, gold rushes, etc and hasn't gotten anywhere. Any interventions have resulted in worse outcomes.
* = Thou in Google's case we wouldn't lose the services totally, they would be bought up cheap and serviced by someone else. We would see service degradation and no new stuff, but it would still work.
Thou I agree with you on your general opinion, other than the two Excel questions, the rest of the answers would be a yes.
AD isnâ(TM)t perfect, even it struggles to manage PCs, nested groups, and start up scripts when you get into 30+k clients. You will find PCs a week later that havenâ(TM)t installed a patch! We actually avoid NGs 3+ levels deep and keep the scripts very very slim.
No, I think this guyâ(TM)s company lost the contract in the bid. And now he is pissed.
People just donâ(TM)t realized how many industries are subsidized. Steel industry, weapons, airplanes, truck transportation, energy production, corn, soybean, nuclear, healthcare, banks, domestic car makers, some foreign car makers, movies, R&D in general, homes, Alaska, etc.
Musk is more or less in the middle when it comes to subs. Nothing to complain about but also not clean. But I donâ(TM)t get all the hate either. There are a lot of players with similar if not in better positions to take advantage of the same subsidies. Itâ(TM)s not like the sub has his name on it. Yet Musk is the one staying in front. Clearly itâ(TM)s not a simple field and there are great risks of failure.
I was thinking the same. Seems like poor planning. In a few years, like most laptops, that battery wonâ(TM)t hold much charge. At which time you wonâ(TM)t be able to touch the tabletâ(TM)s full performance because it will shutdown relying on just the wire.
What idiot let that through? Did they replace the GPU at the last minute and not do a full spec assessment?
Inherent cost has never meant inherent value. This is a fundamental. Just because it cost you $10 to get a gallon of milk doesnâ(TM)t guarantee you can sell it for $10. Arguing against that is like arguing that the gravitational phenomenon doesnâ(TM)t exist.
But it is a lot more than that. Same was true for the Roman and British empiresâ(TM) currencies. But both were unstable compared to The Dollar.
The US government doesnâ(TM)t overtly mess with the currency. For example, if they printed a ton of money, it would cause inflation and that would hurt China & India who hold a lot of our currency. Both would look at this as âoecheatingâ and stop accepting dollars, further tanking the value. For the US, it would bring back jobs and manufacturing. Looks like a win win. However, most of the dollars are held by US citizens. Thus the damage would be felt at home too. Domestic investment would dry up, which would mean foreign ownership would go up.
So the US govt doesnâ(TM)t play much games in the dollar manipulation. They have a lot of credibility in the world financial markets and have gained that through decades of discipline. Even during the WWs, both sides kept gold in the US!
Of course the US govt does some manipulation in terms of quantitative easing, interest rates, reserves, and printing. But itâ(TM)s relatively minor in comparison to other countries & currencies. The next closest contender is the Euro and it is far behind. The gold medal goes to first place, not the fastest.
The Roman Empireâ(TM)s currency was fairly close to the US dollar in terms of confidence. But that wasnâ(TM)t really due to their discipline. The currency was basically pegged to precious metals. However the downside was that almost no manipulation could be done that would have provided the empire with financial buffers.
Gold has the historic characteristic of being usable as collateral in a loan. This is why many people actually convert their countryâ(TM)s currency into physical gold. That sector of the market has volume and liquidity. Not to mention the overall market cap is like comparing a peanut to a watermelon.
Bitcoin isnâ(TM)t there yet. And due to the way it works, I donâ(TM)t think it is even possible.
No, Bitcoin IS a bubble. There is no debate there. Things that surge in pricing well above historic norms and intrinsic value without explanation are considered a bubble.
The question is how big will it get and when will it pop. There are instances where a bubble deflates over time but that is extremely rare and needs a lot of market conditions/controls not present during the up tick.
I will give you an easy one. Corn. Now explain.
This isnâ(TM)t new to SV. Everyone before them did this. Itâ(TM)s called marketing and we all fell for it. They were called villages, towns, military posts, military bases, mining towns, factory towns, retirement homes, campuses, UGA, dormitories, roomies, friends with benefits, cube hotels, etc.
Just 10 years ago the real estate industry was freshening up âoeThe Villageâ. You know, âoeDonâ(TM)t you want to go back to the village?â But the dirt replaced by concrete, metal, and glass; the local food replaced by expensive restaurants; the village heads replaced by an overly expensive and intrusive HOA, I mean VOA! Everything in walking distance but you need a segway. YEAH! Just like a village!
And exactly what region does âoeAmericaâ reference? North America, South America, Central America, or the âoeAmericaSâ?
If the poster said Americans and only referred to US citizens... ok we got a discussion. Someone in Panama might be insulted if they were told they were an âoeAmericanâ. But America is fairly accepted as short for the United States of America.
People need to get from point A to B.
Lots of people. Enough that current modes of transit are inefficient and congested.
They need to traverse the space between.
Ground level is at a premium.
Above ground is too visible for peopleâ(TM)s tastes.
Air requires a lot of coordination.
So go below ground?
I think it is news for those born before 1970 and/or thought computers were the only electronic thing around. I remember even in Middle school thinking âoeWhy isnâ(TM)t this easierâ when doing a labor. If anything this âoetool upgradeâ has been too slow in adoption. My guess is that the old folks that grew up in a macro electronics world and didnâ(TM)t see micro controllers in everything are retiring and being replaced by those who did. So now the people who always thought it should be easier are implementing what is common sense to them.
I would guess a similar number attending Christian schools run by missionaries.