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User: LynnwoodRooster

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  1. So let me get this straight... on Twitter Hits Back Again at Claims That Its Employees Monitor Direct Messages (techcrunch.com) · · Score: 0

    Twitter does NOT monitor direct messages, except for those people at Twitter who do exactly that. Is that about right? "We don't watch what you do other than the group tasked with watching what you do". So Twitter - when did you stop beating your wife?

  2. Re:Not enough locations on Airbus A380, Once the Future of Aviation, May Cease Production (nytimes.com) · · Score: 1

    They use four jetways to board; it's impressive as heck. Two for the upper deck, two for the lower. Takes about 40 minutes to load. But given that the alternative is to simply not fly (the limitation is the number of planes in and out, not the loading/unloading time), it's still not bad.

  3. Re: Wrong move South Korea on Cryptocurrency Traders in South Korea Face Fines For Virtual Accounts (yonhapnews.co.kr) · · Score: 1

    Uh, it's in Hong Kong. Now, if you want to say that's China - well, how about you ask the founder if he'd mind running operations in China? Hong Kong is different. We went through this earlier. Different passports, different currencies, different laws, different languages, different country codes for phones, different immigration/visa requirements - it's China in name only, functionally. So... Go for it! If you're convinced, try to go open up a Crypto exchange right over the border in Luohu, Shenzhen. And make sure and write from prison!

  4. Re:Wrong move South Korea on Cryptocurrency Traders in South Korea Face Fines For Virtual Accounts (yonhapnews.co.kr) · · Score: 1

    China closed cryptocurrency exchanges On November 1st. People hope the ban will be lifted, but crypto exchanges are dead for now, in China. Unless you have some facts showing otherwise?

  5. Re:Red states demand the most federal aid on California Will Close Its Last Nuclear Power Plant (sfchronicle.com) · · Score: 1

    And yet, the US Census Bureau puts California as the State with the most poverty, at ~20.4%. Go figure...

  6. Re:Airbus didn't predict the rise of the big twins on Airbus A380, Once the Future of Aviation, May Cease Production (nytimes.com) · · Score: 3, Informative

    Of course Airbus won't close; it's too important to several EU Governments and has strong backing from them.But the data does show that Boeing leads in deliveries for most of the last 10 years, and that is what matters. As a person who grew up in Seattle - home of Boeing back then - sales and bookings make news, but deliveries actually made money.

  7. It is? 97% of all bitcoins are held by just 4% of all addresses. With about 600,000 unique addresses, that means that 24,000 addresses control 97% of Bitcoin. It does take a small fraction of the total value of the currency to break it; witness George Soros doing it to the UK in 1992 (Black Wednesday) with $1 billion - against ~$300 in currency. That means about 0.3% of all Bitcoin would be all you need to break it, in terms of value. With so few controlling so much, there are bound to be many, many people with enough value to break the currency via shorts.

  8. Re:Resemblence to a pyramid scheme on Cryptocurrency Traders in South Korea Face Fines For Virtual Accounts (yonhapnews.co.kr) · · Score: 1

    Yes bitcoin has a LOT of the features of ... multi-level marketing.

    OK, now you did it! It's one thing to call it a pyramid scheme, and a way for drug users and kiddie pr0n addicts to pay for their habits. But to compare them to Amway? That's just low...

  9. Re:Wrong move South Korea on Cryptocurrency Traders in South Korea Face Fines For Virtual Accounts (yonhapnews.co.kr) · · Score: 1

    CNBC reports, as of 13 hours ago, that South Korea is still considering a ban on cryptocurrency exchanges. So it's still up in the air.

  10. Re:Airbus didn't predict the rise of the big twins on Airbus A380, Once the Future of Aviation, May Cease Production (nytimes.com) · · Score: 1

    The data seems otherwise. And it's not so much sales that matter, but deliveries. It's common for airlines/leasing agents to over-order, but then accept marked-down deliveries. Boeing's been doing quite well with deliveries...

  11. Re:Not enough locations on Airbus A380, Once the Future of Aviation, May Cease Production (nytimes.com) · · Score: 1

    I've flown the A380 several times on a route that definitely benefits from it: Shanghai to Guangzhou on China Southern Airlines. They fly the A380 about 3 round trips a day, and it's always packed. And that doesn't include the dozens of other flights in smaller jets that fly the same leg. Outside of that heavily congested and used route, though, I don't see much call for a plane that can seat upwards of 800 passengers.

  12. Re:Rolling blackouts on California Will Close Its Last Nuclear Power Plant (sfchronicle.com) · · Score: 2

    Enron and California was a year 2000 thing, it finally fell apart in mid-2001. The big scandal was pre-Bush. Enron was a case of an unethical company choosing to use the power of Government for its own financial gains - and spread money around to lots of players on all sides to buy the influence needed to get what it wanted.

  13. Re:Are YOU sure about that? GR 35% from renewables on California Will Close Its Last Nuclear Power Plant (sfchronicle.com) · · Score: 1

    Germany is a big exporter of power, but "Energy in Germany is sourced predominantly by fossil fuels, followed by nuclear power, biomass (wood and biofuels), wind, hydro and solar." So exporting a lot of fossil fuel and nuclear power.

  14. Re:False "facts" on California Will Close Its Last Nuclear Power Plant (sfchronicle.com) · · Score: 1
  15. Re: Red states demand the most federal aid on California Will Close Its Last Nuclear Power Plant (sfchronicle.com) · · Score: 1

    California (of which I am a resident) is already whining about losing the Federal subsidy on State taxation via Federal deductions. The estimate is that 6.1 million Californians will now pay taxes on $8,000 more income. That's about 40% of all CA taxpayers who were previously subsidized (if you consider others paying taxes for which you are exempt) now having to pay taxes.

  16. Re: Morons on California Will Close Its Last Nuclear Power Plant (sfchronicle.com) · · Score: 1

    Is that why the EU has 65% more population, and not quite the GDP of the US? An unemployment rate twice that of the US?

  17. Re:Morons on California Will Close Its Last Nuclear Power Plant (sfchronicle.com) · · Score: 1

    Yep, if we had an actual, decent, pro-growth Government that cared about wisely spending money, we'd probably be the 3rd largest economy, behind the US as a whole and China. We rank in the bottom half, and that's on the strength of access to capital, technology/innovation, and the size of the economy. For the cost of doing business, business friendliness, and cost of living we're in the bottom 3. We succeed in spite of - not because of - Sacramento and the uniparty installed there over the last several decades.

  18. Re:The Bitcoin challenge on Warren Buffett Predicts 'Bad Ending' for Cryptocurrencies (cnbc.com) · · Score: 1

    If you had bought $1 of AAPL back on December 12, 1980 - their IPO - you would now have $400, after all splits, dividends, etc. If you had bought $1 of BRK on the same date, you would now have $700. BRK has been a better bet, long term, than AAPL. Likewise for Microsoft ($342), Amazon ($497), and Google ($23), from their IPOs.

  19. Re:Warren is right and wrong.... on Warren Buffett Predicts 'Bad Ending' for Cryptocurrencies (cnbc.com) · · Score: 1

    Own gold, to hold long term? Yes - not smart. It's great for carrying large amounts of value with zero trace (lots of places will exchange cash for gold, no questions or documentation asked). But for future use in the dystopian future where currency is gone? Silver is a better bet, smaller division of amount. Silver and gold basically track each other in terms of value as well (both of which lag the stock market, historically, over the long term), so you don't lose a chance at appreciation.

  20. Re:Warren is right and wrong.... on Warren Buffett Predicts 'Bad Ending' for Cryptocurrencies (cnbc.com) · · Score: 1

    That $10,000 house - what can you sell it for, today? If you had a gallon of gas at $0.25, do you think you could sell it for more than that? You used dollars to buy assets which also appreciated in value, to be worth more dollars. HOLDING the dollar would be a bad move (witness savings accounts and CDs paying 1% at best); investing it would be a great move, and putting it into relatively liquid investments (stocks, etc.) would be great. I can buy and sell hundreds of thousands of dollars worth of stock in a matter of seconds, for a flat $7.95 fee; cash in and out immediately. BTC doesn't offer that convenience and speed.

  21. Re: Warren is right and wrong.... on Warren Buffett Predicts 'Bad Ending' for Cryptocurrencies (cnbc.com) · · Score: 1

    I can use the USD20 bill pretty much anywhere in the world, without much difficulty. Most banks will exchange local currency for it, if a merchant will not take it directly. No need for an Internet connection or transactional handshake - just hand the bill over for goods or services. Does BTC have that kind of portability and universality in its day-to-day use? No? Then BTC is basically dead as a common currency for the world, and will always play second fiddle to one of those "shitcoins" like the USD, EUR, RMB, JPY, etc.

  22. Re:Better yet... on Warren Buffett Predicts 'Bad Ending' for Cryptocurrencies (cnbc.com) · · Score: 2

    Walk in to Gold Dealer near the Los Angeles Airport, give them an ounce of gold (at $1337.40 at the time of this writing) and they hand you $1337.40 in USD - zero cost conversion. No paperwork. No trail. They pay spot price, no fee. Then you can do whatever you want with the easily exchanged currency.

  23. Re:Warren is right and wrong.... on Warren Buffett Predicts 'Bad Ending' for Cryptocurrencies (cnbc.com) · · Score: 1

    Take a look at the NASDAQ back in 1999-2001. It peaked, popped, fell 25-35%, bumped up 20-30%, then fell again, eventually settling at about 20% of its peak. The difference is that stock has a bottom value simply by virtue of the tangible assets of the company's stock. Chairs, computers, patents, offices, and such. Gold and diamonds and other commodities also have a bottom value - there is a minimum point at which the material is useful for a wide variety of things (gold for anti-corrosion platings, diamonds for cutting/grinding purposes, etc.) BTC has no such bottom value - there is nothing tangible there in the first place.

  24. Re:Trump takes our money. What's the difference? on Is Finland's Universal Basic Income Trial Too Good To Be True? (theguardian.com) · · Score: 1

    If we're going to start working down our national debt, we'll need a surplus. Building growth to 4-4.5% will give the Federal Government enough revenue to run with real surpluses and start paying down the debt (something that has not happened since 1957, under Eisenhower). A 3% GDP growth was considered "below average", prior to 2008 - we should shoot for at least the historical average of 3.3%.

  25. Re:Trump takes our money. What's the difference? on Is Finland's Universal Basic Income Trial Too Good To Be True? (theguardian.com) · · Score: 3, Informative

    Nope. it was based on a static projection with no assumption of growth. A dynamic scoring of the tax bill shows a MUCH smaller deficit, and even then it assumes GDP growth of under 3% per year. Push past 3%, and it's going to be a net gain.