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US Government Shutdown Ends

thomasw_lrd Re:Thank goodness (999 comments)

Then you don't live in the parts of the country where our health insurance rates are skyrocketing this year. Our teachers have had their insurance costs double. Our state legislature has been called back for a special session to try and figure out where to get the money to help offset the cost to only a 10% increase.

You don't have any friends that are self-employed that have just been informed their deductibles and rates have to go up because the current plan they've been on for years is too good according to the ACA.

And I guess you didn't read the comments earlier this week where the bronze plan in New York state is $14,000 out of pocket before they start to actually cover anything, and then it's only at 50% of the actual bill you rack up.

Where I live, I haven't heard of one person state they like it. Hell even my unemployed cousin still can't get insurance with the govt. subsidies.

about 6 months ago
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The Luddites Are Almost Always Wrong: Why Tech Doesn't Kill Jobs

thomasw_lrd Re:Sure, to lower paying jobs (674 comments)

And how is this a bad thing?

We are moving from an industrial society to an intellectual society. Every few hundred years, the human race does this. Right now China is moving from an agricultural society to an industrial one. This is called progress, and while there are definitely going to be growing pains (i.e. higher unemployment for a while, more money needed for social safety nets, etc. etc.), in the end I think it will be better for society as a whole.

The less people who have to work at McDonalds hopefully means more people who can work on discovering a cure for cancer. I know it's a very utopian thought, but I think we can see how this works as demonstrated by the 20th century. Human knowledge progressing can only be a good thing in the end.

Yeah, the next 50 years (an arbitrary number I picked, I have no idea how long it will take) or so are really going to suck for the uneducated, and probably the educated too, but the end result if we can suffer through will be a brave new world.

about 7 months ago
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Syrian Gov't Agrees To Russian Chem-Weapon Turnover Plan

thomasw_lrd Re:Sounds promising (362 comments)

Some people think a war time economy is the best economy. It worked during the Great Depression, right? As long as they can keep writing blank checks to themselves they can amass even more money they can't spend in a lifetime.

about 7 months ago
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Lenovo CEO Shares $3 Million Bonus With Workers

thomasw_lrd Re:Philantropy (169 comments)

He did the same thing last year.

about 8 months ago
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Neil deGrasse Tyson Says Private Business Will Not Open the Space Frontier

thomasw_lrd Re:I suspect he's right. (580 comments)

Those damn martian terrorists are building chemical weapons, quick alert the US govt. So we can launch troops. And liberate the green martians. So we can all live in peace. We must bring peace to the Martians and democracy.

about 8 months ago
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Obama Seeks New System For Rating Colleges

thomasw_lrd Re:Forget ratings, measure ROI. (302 comments)

I live in the US, and have attended several colleges. State college, private college, and community college. It is expensive, but I've never seen these $28k per year schools. It took me six years to finish my degree, once I got serious (I worked full-time and was supporting a wife and kids), and I graduated with about $50k in student loans. Yes this is too high, but not anywhere near 28k a year. I graduated from a state-run university. Even the private college I went too, after scholarships, I probably could have graduated with only around 10k in student loans. But I don't know what the overall cost was with room and board.

about 8 months ago
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Amazon Forbids Crossing State Lines With Rented Textbooks

thomasw_lrd Re:Covering butt (125 comments)

And that's why a new tax plan that only pays for the govt by property taxes. No more income taxes. If you own a house, you pay taxes, if you rent, you don't. Own a 5 million dollar house? You pay a lot more money than someone who owns a 100k house. Own an expensive warehouse, split the cost between all your customers. Seems like a workable plan.

about 8 months ago
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The College-Loan Scandal

thomasw_lrd Re:at some point... (827 comments)

Yeah I agree. It was a stupid idea.

about 8 months ago
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The College-Loan Scandal

thomasw_lrd Re:at some point... (827 comments)

I'm sorry, the school wad paid for by grants and we used the loan money for fun money.

about 8 months ago
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The College-Loan Scandal

thomasw_lrd Re:at some point... (827 comments)

My wife and I both went to school for free while I worked full-time. We do have massive student loan debt, but we we knew we would. I regret it now, but it sure was fun spending all that money at the beginning of every semester, so I count it as money well spent.

about 8 months ago
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Version 2.0 of 3D-Printed Rifle Successfully Fires 14 Rounds

thomasw_lrd Re:I don't get it. (336 comments)

Comparing gun control in Britain with gun control in the US is like comparing British and US comedy. If Honey Boo Boo is funny for the US, it must be good enough for the British.

(If you don't know who Honey Boo Boo is, count your blessings. I've seen one commercial, and it saddened me that I was an American).

about 8 months ago
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Hallibuton Pleads Guilty To Destroying Simulation Data From 2010 Gulf Oil Spill

thomasw_lrd Re:Knowledge and the ocean. (104 comments)

But the NSA won't read your comment, cause they only track the metadata. And everyone knows metadata can never be changed.

about 9 months ago
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SEC Alleges 'Bitcoin Savings & Trust' Is a Ponzi Scheme

thomasw_lrd Re:Legal (176 comments)

Taking money from dumb people should never be illegal. If you're dumb enough to believe that a Nigerian prince needs $50k to transfer $100m to the US. Then by all means, this should be legal.

Ponzi schemes should be evaluated on a case-by-case basis, but the burden of proof should be on the schemed.

For instance, if I ask you for $1k, and promise to return you $10k in 6 months with no proof or explanation of my scheme, that should be perfectly fine and legal.
On the other hand, if I have a porftolio with 100 other investors, and their phone numbers and you call them, and they say yeah this is legit, this man is a genius, blah blah blah. And I take you're money and flee the country, then yes that should be prosecuted to the fullest extent of the law.

about 9 months ago
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Oracle To Stop Developing Sun Virtualization Technologies

thomasw_lrd Re:Crap (145 comments)

I imagine Oracle's Mission statement is the exact opposite of Googles.

about 9 months ago
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Edward Snowden Nominated For Nobel Peace Prize

thomasw_lrd Re:Nice (719 comments)

Citation

about 9 months ago

Submissions

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Wall Street and Bitcoins

thomasw_lrd thomasw_lrd writes  |  about 10 months ago

thomasw_lrd (1203850) writes "Instead of CSA credits, Bitcoin provides a safe and transferable currency for soft dollars. Could it work?

But there is another way. What if the asset manager gets immediate access to their commission credit through Bitcoin: the peer-to-peer (P2P) digital currency?"

Link to Original Source

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