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Operation Wants To Mine 10% of All New Bitcoins

sylvandb Re:I admire their spunk, but... (275 comments)

I think it would have been better to encourage inflation. In an inflationary system, currency essentially expires. The longer you hold it, the less value it holds. This is an excellent feature because it encourages the use of the currency, ... I would encourage Bitcoin developers to look at modern economics with a more critical eye. I think many people are unwisely discarding a lot of economic theory without really understanding it properly.

You are obviously the one who needs to "look at modern economics with a more critical eye" especially re. that thoroughly debunked view of inflation.

The view of inflation espoused by modern Keynesian economics is wrong and benefits primarily the issuers of money and those nearest to them. Inflation hurts everybody else.

If all you see are the economic papers supporting your view of inflation, you need to broaden your horizons -- try a different school.

about three weeks ago
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Operation Wants To Mine 10% of All New Bitcoins

sylvandb Re:I admire their spunk, but... (275 comments)

You really need to read at least the white paper or the code. It's been out for years now. The obvious questions like this are long since easily answered and so far the non-obvious ones also.

I don't think it correct to say the "hash" is "mined" but rather the block is mined. But whatever.

The hash validates the block, and in turn the hash must be valid or the other miners will refuse to accept the block.

The block contains a time stamp, a nonce, transactions, etc. Time stamps are required to be in sync within specified tolerance, and the earliest block wins.

about three weeks ago
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Operation Wants To Mine 10% of All New Bitcoins

sylvandb Re:I admire their spunk, but... (275 comments)

During that "career in banking" Oligonicella must have been too close to the forest to see the trees. Either that or his verbage is careful sophistry...

Of course banks "implement security" for the right definition of "security", that was never the issue. The issue is how much security. Banks at best are just like any business -- they determine the minimum to get by, maybe add a little for show, and that is all they implement.

Banks do the normal cost vs. benefit analysis on their security. They implement the minimum security to balance the equation. If they implemented all possible security they could not afford to operate (cost and convenience) so they always implement less than the maximum security.

Before any further denial, or any more vapid claims of bank security, to have any credibility you have to excuse/explain existing bank security flaws. The first that come to mind include why have U.S. banks not yet switched to chip and pin or at least some similar or better level of proof that the user of the credit card is authorized? And why do they not require an auth token (e.g. secureID or other hardware/software equivalent) for online access?

about three weeks ago
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The Billionaires Privatizing American Science

sylvandb Re:What they're really afraid of, I think... (279 comments)

I'm not interested in side discussion detailing what is necessary to fix the gov't when you have yet to substantiate your claim that gov't was being discarded. I see no evidence to support that claim given that gov't is now larger than it has ever been.

about a month ago
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The Billionaires Privatizing American Science

sylvandb Re:Want Proper Science, Funding is there, However, (279 comments)

Your concept essentially reduces to only taxpayers can vote, and rich people's votes count more than others'. This is exactly what this country has been against from day one.

You stopped learning history beyond about 5th grade?

Only white male landowners could vote.

In these enlightened times, we should change that to only those who own their primary residence in the area can vote.

about a month ago
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The Billionaires Privatizing American Science

sylvandb Re:Particle Physics (279 comments)

Theorists who did thought experiments. Now, how about a particle physicist that needs a multibillion dollar collider that may discover something that has absolutely no economic value - at least in the near term?

You believe then, that since you are unable to conceive of its value and articulate that vision sufficient to convince people (the rich and the corporations) to fund it, that instead you should use guns to force them to pay for it?

about a month ago
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The Billionaires Privatizing American Science

sylvandb Re:What they're really afraid of, I think... (279 comments)

The commenters are CERTAIN that these guys stole the money that they have, not MADE it, but stole it. They probably believe those guys stole it from them personally, no less. OMFG, I wish I could collect these types of people specifically onto one continent, while the rest could live on another continent and we would have a WALL between us, a wall so tall, they would never have to see the other side again. ... There can be no fair exchange with those people, they produce nothing,

Yup. It's about that time. The question is, where do we go to get away from those who have nothing better to do than occupy space and complain that others have more than they?

about a month ago
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The Billionaires Privatizing American Science

sylvandb Re:What they're really afraid of, I think... (279 comments)

process of peer review is significantly more rigorous for the NIH, for example, than it is for philanthropic organizations or "billionaires"

It had better be. The NIH is spending MY money that they acquired by THREAT and FORCE.

It's none of your or my business what some random philanthropic org or "billionaire" chooses to spend their money on.

about a month ago
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The Billionaires Privatizing American Science

sylvandb Re:What they're really afraid of, I think... (279 comments)

they should fix the government, not discard it altogether in favor of private enterprise.

Who and how did they "discard it altogether" ?

Cutting the size of gov't IS a necessary part of the "fix."

about a month ago
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The Billionaires Privatizing American Science

sylvandb Re:Science for Profit (279 comments)

In summary, this is neither that new or surprising. Government funding for science (especially at NIH) is way down.

There is no such thing as "government funding."

All funding is private until the government appropriates it and calls it their own.

If you don't like how other private parties allocate their funds, allocate yours differently.

about a month ago
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The Billionaires Privatizing American Science

sylvandb Re:Science for Profit (279 comments)

What could possibly go wrong? ... We, our children and our grandchildren will all profit from this!

Then you had better get ready to pay your own way.

about a month ago
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The Billionaires Privatizing American Science

sylvandb Re:Good! (279 comments)

you have to pick comparable countries or the comparison will mean nothing. So looking at North Korea versus South Korea is fine

Really? Make that comparison then. Do you like it?

But the rest of your spew is populist crap. There is no way to "pick comparable countries" because different policies will lead to different outcomes and the countries become not comparable. Compare U.S. in 1900 with Mexico in 1900. Look at the different policies and practices over the years and make the same comparison in 1950 and 2000. Compare Rhodesia and South Africa in 1979 then compare again in 1990, 2000 and 2010. See what happens when you change policies and practices in order to limit inequality? Compare China in 1970 vs. China in 2010. See what happens when you change policy and practice to instead let accomplishment be its own reward?

Look at U.S. policies and practices in 2000 compared to 1900. The expected outcome by 2100 is not good. It's probably time to get out and let the "occupy WS" find their own way.

about a month ago
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The Billionaires Privatizing American Science

sylvandb Re:Good! (279 comments)

Don't like food stamp allowable lists? Forget food stamps then. There should just be a cafeteria where they can get food. Plain sustenance food, and plenty of it. Nobody should go hungry.

And nobody should waste my sustenance. Absolutely there should be a list of allowed goods purchasable with food stamps. And the penalty for repeated violation should be no more food stamps - either as a recipient or as a store. If I'm helping somebody, I get to set the terms.

And there should not be any school vouchers beyond what the non-local gov't would pay anyway. Non-local gov't has no business taking or providing money for school. You use my money? I get a voice. As long as they take my money I will fight just like any rational actor to leverage their action to my intended outcome as much as possible.

Research? Sounds like it is finally getting back to normal after the distortions in the last half of the 20th century. If you pay for it, you can choose it. If YOU don't like what THEY spend THEIR money on, YOU should pay for what YOU like using YOUR money.

If you want to give larger handouts, then you give them. As long as you force me to give them, you have to take what you get.

about a month ago
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Embarrassing Stories Shed Light On US Officials' Technological Ignorance

sylvandb Send them all away? (299 comments)

Maybe we can just send them all to Antarctica until they learn better. All of them, from all over the world. All that bloviating will keep the windmills going even if it doesn't manage to thaw the icecap.

about a month ago
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Meat Makes Our Planet Thirsty

sylvandb Re:And the water practically disappears, right? (545 comments)

Yes, that's nearly exactly what they believe. Of course they will mostly deny this, but have no explanation for their inability to follow their own claims to this logical conclusion.

They suffer from cognitive defects that man is not an animal that clawed its way to the current pinnacle of evolution and because of that first defect they also fail to understand that man is not all-knowing and all-powerful. This causes them to assume that we know all the answers about what is supposedly right or wrong with the planet, and that everything wrong is caused by and can be fixed by man.

A lot of these mental issues can be directly traced to malnutrition of the brain, caused by denial of the facts that eating meat was crucial for intellectual development and that without eating meat, it is far more expensive or even impossible to get all the nutrients required for a healthy brain.

about a month ago
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Ask Slashdot: How Do You Manage Your Passwords?

sylvandb Re:Answer too long to fit in subject line (445 comments)

A text file, encrypted locally with a long password (something I can remember easily, but quite long) and then uploaded to Google Docs for easy access anywhere that I have the decryption software

This. However s/password/passphrase/ and I don't use google docs but similar propagation.

My text file also contains credit card account and phone numbers in case I need to cancel a card, routing and account numbers for if I need to set up direct deposit or other EFT, my kids social security numbers, and other similarly confidential reference information. I've even at times (not currently) kept a regularly needed signing cert in the file as my backup.

I've tried many of the desktop password apps. But I've been doing my text file for about 20 years and nothing else is nearly as useful -- flexible and with ubiquitous availability.

I recommend also to print a copy every now and then, with a date, sealing it up in an envelope or two, and keeping it with important "should I die or be incapacitated" papers (such as your will), replacing and shredding the older version.

Write the date also on the envelope. The dates are so it is easy to tell which is the most recent in case multiple copies are found (e.g. a copy with your lawyer and a copy in the fireproof safe in the basement that is updated more frequently). The envelope(s) are to tell if someone has compromised the passwords so seal it up however makes you comfortable depending on who has access and how often you check (and update).

about 2 months ago
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Google Planning To Remove CSS Regions From Blink

sylvandb Re:Standards (249 comments)

He who thinks "I thought standards were there to implement not argue with" obviously hasn't been around for very long...

I was hoping for somebody to say that!

Oh, where are mod points when I need them...

about 3 months ago
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Marc Andreessen On Why Bitcoin Matters (And A Critique)

sylvandb Re:The Problem (332 comments)

They have no intrinsic value.

Nothing, but nothing has intrinsic value. Not gold, diamonds, dollar bills, land or anything else. The only reason anything has value is because people want it.

'want' is the source of value or sometimes can even be used synonymous with value.

But that is not an argument against intrinsic value but rather proves intrinsic value. One subset or type of value is intrinsic value.

Intrinsic value is that value or want of something for itself, rather than for its exchange value.

Some people buy gold because they think it is pretty and they like to adorn themselves with it. Some people buy gold because it is a necessary component. Both are examples of the intrinsic value of gold.

about 3 months ago
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Marc Andreessen On Why Bitcoin Matters (And A Critique)

sylvandb Re:The Problem (332 comments)

The purpose of money should be to encourage the exchange of labor,

Exchange of labor is one purpose.

More generally that purpose is for any exchange in general, thus avoiding problems caused by missing coincidence of wants.

Another purpose is to store value, such as from my labor now to protect myself against a future time when I am unable to labor.

Another purpose is as an aid in accounting, such as in determining the relative value of various labors I might perform, directly useful in determining if I would rather have someone to do a job for me or do it myself. Or in simple bookkeeping, money being one of those revolutionary ideas along with double-entry accounting which revolutionized business record keeping. Both of those are key factors enabling specialization, a certain amount of which is highly beneficial for all of society as well as individuals.

Those three purposes are essentially all concerned with the 'now' uses of money. The fourth is as a standard of value over time, to enable comparison and choice not only between items now but between now and the past or the future.

A little ditty that used to be taught to help children remember the purpose of money: "Money is a matter of functions four: a medium, a measure, a standard, a store." Meaning a medium for the exchange of value, a measure of value, a standard of value, and a store of value.

about 3 months ago

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