Just to clarify, a "golden parachute" isn't something that just gets "paid when someone fails." The payment is included in the contract when the CEO is being hired. It's one of the CEO benefits, like the "benefits" the rest of us get, that is used to entice CEOs to work at a company and take a position that a CEO might think is risky, or that may waste their time. And often, the company was failing before the CEO was offered the job, and the CEO simply failed to fix the problem, and needs that money due to the huge risk that being a "falling CEO" presents. Believe it or not, CEOs don't just take every $15 mil job offered to them. I'm sure you and I would take it gladly, but at that high of a level it's like a decision for us whether to take a $25k job with lots of benefits, or a $45k job with none. But with more zeros.

Can we have an option to force a transaction with zero fees please? Sometimes I just need to send money between accounts, and I don't care if it takes days to process.

You don't have to use a computer. You can create a paper wallet (even manually hashing an address) and store coins on paper, and create transactions and sign them by hand. Then you can either call someone else with a connected computer to spell out the transaction to them, or even snail-mail that paper to them.

Or you can use Tor and a mixing service on an OS you run from a bootable CD that only transmits transactions, which you sign on a computer you never hook up to the web.

Are you implying http://www.youtube.com/watch?v=CWMSF60vtpk ?

Delete private key and only keep public to monitor amount.
Import public and / or private key by scanning QR code, so you can monitor and/or spend
Keep private key on paper, and public key in wallet. To spend money, QR scan the private key, store only in memory, spend from private key, and wipe from memory, never saving to storage

These are things Mycelium does now

Another feature I would love to see is deterministic wallets. Back up only backs up the deterministic seed. Every time you spend from an address, all bitcoins are spent, with part going to the person receiving, and the change part going into a new address. The only empty address gets archived and is unused, but can be restored if needed.

Ironically, #'s 1 through 4 are already a problem without Bitcoin in the mix. So... Business as usual?

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True, but no non-CEO has ever done that, period.


Of course they haven't done that alone, but the things they contributed, no one else could. Those companies could exist without those specific folks in the trenches, because there are plenty of other folks ready to fill those trenches. The trench folks are common, widely available, and although contribute, don't contribute much. So they get paid for that level. Those companies would not exist at all without those CEOs, because CEOs are not very common, and the bad ones can drive a company out of existence way faster than bad employees in the trenches. So the good CEOs get paid a different amount for their level.

It seems your argument boils down to "both, CEOs and low-level workers, are doing similar kind of work, so should get similar pay," which is just not true.

The topic is wages. Quality of food is subjective, and a straw man you added to the discussion. We have also already established that you don't understand business or economics, so why are you contributing to that subject?


Define livable? I don't mean feel-good buzzwords. How do you actually figure out what to put down on paper? You have mentioned something about time being important, something about hard work needing to be rewarded, and some other feely subjective things. How about you bring it all together and tell us what a livable wage is, how it might be different in different economic environments around the country, or why someone who wants or needs the job, and is willing to earn less for it,should be prevented from doing so?

I guess in essence, you can either stumble for years to learn on your own, or get a professional education and learn it all in two or four. Which reminds me of one of the most important lessons from Robert Kiosaki's "Rich Dad, Poor Dad" - you will always save money and time by hiring a professional than by doing it yourself.

Feel free to keep ignoring how you would establish what a "fair wage" is by the way.

OK, let's compare McDonald's at Downtown Disney to any In-n-Out in the whole country (I am actually being fair, because McDonald's in Italy and Germany is WAY better than here).

Sales per store: McDonalds wins hands down. That place is packed from early morning to late evening with huge lines.
Ratings: Likely a tie. That McD's uses the best quality ingredients and has impeccable service
Worker happiness: No clue. Those McD's workers live in Florida, right next to Disney, work in a high quality wealthy area, and get somewhere around $10+ an hour.
Freshness of food: tie for that location
Price per volume: In-n-Out wins. That McD's is very expensive
Earnings per store: Pretty sure almost every McDonalds store earns more than any In-n-Out. The one in Downtown Disney earns more than most other McDonald's.

Final result: You can make up any conclusion if you are selective in what you compare.
Bottom line is, McDonald's bottom line trumps In-n-Out's bottom line.

Sorry, but to me, a cheeseburger is a cheeseburger. The only difference is how thick the beef is. Besides, this is irrelevant. Stop avoiding the issue, and answer why someone who wants a job more than someone else should be prevented from getting it, or how something as nebulous and undefined as "decent" and "good" can be narrowed down to a specific number?

You can't learn a lot of things at home. One thing I learned from getting my "education" is that there are a whole lot of things that we simply don't know about without someone actually telling us that they exist and are relevant in the first place. You can't Google something if you don't even know what it's called. (Example, "markowitz efficient frontier." I wouldn't have even been able to begin to search for such a thing, let alone learn what goes into it, before a professor told us about it and why it was relevant to investments)

Uneducated people trying to convince themselves they don't need what they don't have?

I've eaten at McDonald's, Burger King, Wendy's, Hardee's, Checkers, Fudruckers, Rally's, Red Robin, and a few others. I can pretty damn well guess what kind of burger In-n-Out offers. If you don't want shitty McDonald's burger, you can still get a good burger for $3 at McD's, plus a buck for fries and soda, and it'll still be about the same. No, it won't be as fresh, but you'll have more than just cheese and beef on it.



Yes, I am making the argument that McDonald's is able to employ more people, in a wider range of areas, than In-n-Out. The fact that there are barely any In-n-Outs out there compared to McDonald's supports that claim. If you wish to refute or explain away the facts to answer why there are way fewer In-n-Outs, I'm all ears.
Also, please answer the question: How will you determine what is a "decent wage" and what is the actual number?


No, you got it backwards and wrong. You are the one desperately trying to show that businesses can afford to pay a lot more. I am trying to show that it's not up to the businesses. Businesses are offering work for whatever people are willing to take it for. If someone is willing to take the job for less, because they need it more, they are not prevented from doing it. Also, different McDonald's charge different prices and pay different wages depending on where they are. A BigMac meal in Downtown Disney, Orlando, FL can cost almost $10, and the wages are much higher, because it is a much wealthier and more affluent area. How do you set a wage level while still accounting for these differences?

By the way, McDonald's is a corporation, but as a corporation it owns very few stores directly. It's actually mostly a corporate franchise, where individual franchise owners set up a restaurant, pay royaltees (franchise fees) to the corporation, and in exchange get marketing materials and contracts for products (food/ingredients). So the reason that there are so many McDonaldses around isn't because the corporation is being inefficient, sticking them everywhere, it's because individuals think that a McDonald's in some piece of land will be good business, and open it up themselves. Sometimes they are wrong, and it turns out to be a bad investment. Likewise, McDonald's owners hire local people to work in their restaurant for whatever wage they will accept. They want lower wage employees because it costs a few million to open up a franchise (close to $6 I think), and they need to make their investment back. So, if you force minimum wages to be higher, it won't be profitable to upen, or run, McDonaldses in various places. Good is that there may be fewer McDonald's around. Bad is that there will be fewer jobs for poor unskilled workers.

I'm pretty sure you can get a cheeseburger, fries, and a coke for about $3, to $4 at McDonald's. Most of those items are a dollar each there.

FirstAscent, you keep saying "descent wage," or "actual work," or "most of your time." Personally, I also believe that everyone should have a great income, and work in very nice jobs, and be very efficient with their time. But that says pretty much absolutely nothing. So, can you be more specific? Give us a formula that would determine how much someone should get paid based on the type of work they do, the amount of time it takes up, and what you consider to be decent wage. Then please explain why someone shouldn't be allowed to work for less than that wage if they need the job more than whoever is holding it now.

That is not actually a good thing

I'm not sure what you mean by me being disillusioned. How? what am I not understanding or not thinking right about?

When you say "middle class," do you mean the old middle class, referring to a limited pool of workers only in USA, Canada, or Europe? Or do you mean the new middle class in a globalized economy, which includes third world countries we outsource to? If the later, I'd suspect many of us "middle class" types are actually in the 1% now.

What do you mean by trickle down? Specifically, what is it that you are expecting to trickle down? $20 bills? Increased wages? Improved quality of life? People who say that are often vague, at times saying "I meant that other thing" when you point out one of the things that does trickle down.

People who can do CEO type work are very rare and highly sought after, while people who can do low-level jobs are everywhere, especially now that we can hire labor all over the world. It's just supply/demand. Blame low wages on people willing to work for cheaper than you.

Does Mycelium depend on a server? I thought it worked like the other Bitcoin Wallet, just connecting to random bitcoin nodes and asking for bitcoin balances from relevant addresses (bloom filter).

And sure, I understand that this will be more work. Let me know if I can help motivate it.

Sorry for dragging a bit on this Here are photos of the coin. Shipping extra. Bidding ends Friday.