Never let a woman within 10 feet of your credit card.
A woman with a credit card is as dangerous as a bird with a machine gun.
African or European? |
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My wife is a crazy person who NEEDS to spend spend spend! Savings running dry! what do i do?  You could ask her to go to one of those Dave Ramsey thingies. Seriously, not being on the same page wrt finances can be extremely damaging to a relationship. |
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This is why I would love to see BIP 0038 implemented. PROOF OF CONCEPT: Ignore shitty perspective and other details In a real case I would probably place the Spend code, together with the written encrypted key on the back. But it's only to show that Paper wallets can also be Plastic Wallets!2. Wrong! Use a chip who signs the transaction internal. Cards with chips will cost more, and requires expensive readers to works while qrcode can be decoded by a smartphone or a barcode reader. Who's phone is doing the scanning? If the payer, what's the point? If the payee, you're taking the step 2 on trust. |
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. . . the best answer is for people to be told that if they deposit their money in such an account, they may not be able to access them immediately (and quite possibly, ever). If you want to be able to access your bitcoins immediately at all times, that is a different type of account (and will likely require fees for the service)
This sort of FRB is already openly occurring right now at an exchange. Read up about bitFloor and the theft issue they ran into. Rather than shutting down the exchange permanently, the chose to record the deposited "bitcoins" (that have been stolen and therefore no longer exist at the exchange) as being "on hold" so that people can't access them immediately (and quite possible, ever). These bitcoins come out of "hold" as the exchange replenishes their "reserves" from what would otherwise be their profits. I believe there is some trading going on in these "holds". People are buying and selling them at a discounted value based on speculation of the likelihood of return. This is similar to how I said promisory notes might be valued above and is not dissimilar to how debt is traded (if you get a call about a really old debt, it is likely the caller only paid pennies on the dollar to buy the debt and is probably far from the first person to have bought the debt) |
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OK, the trust thing is a bit of a non-sequitur and a different discussion. I think we should leave that to one side (though it does play into things a little).
So let's take your situation with me and Bob. Firstly, it's not bitcoins that have been inflated, it's bank-of-mrvision promisory notes. Now, there's a question of how much those notes are worth. Pragmatically, that's what the market will bear. But more philosophically, it wouldn't be half of the number of bitcoins, it would be some factor depending on the trustworthiness of your bank and the actual value of the note.
Where the confusion arises is that currently, a deposit in the bank is treated as if it is an actual store of value, of the actual items on the note. That the items have been lent out to someone else and are thus at-risk is hidden from the depositor and hence a form of government-backed fraud. If everyone acknowledges that deposits in a fractional reserve account involves a degree of risk and retrieval of funds is dependent on the liquidity of the bank, everyone will be better off and the issues with FRB (in and of itself) become mostly insignificant.
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With bitcoin, all FRB requires is that the lender deposit X bitcoins and be given a note promising the return of the bitcoins (or rather an equivalent amount of different bitcoins). The actual bitcoins can then be lent to someone else. Thus there is no reason that there couldn't be reserve banking in bitcoins.
The issue becomes if the depositer wants their bitcoins back. If there is a reserve, they may be able to be paid in full. If many people want their bitcoins back, there is a problem. Insurance is one possible answer but the best answer is for people to be told that if they deposit their money in such an account, they may not be able to access them immediately (and quite possibly, ever). If you want to be able to access your bitcoins immediately at all times, that is a different type of account (and will likely require fees for the service)
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Ever think that maybe the superior service came from the fact that they only hire people worth hiring?
There are a lot of people who simply aren't worth hiring at minimum wage. The result is that they end up not working. Therefore they end up sponging off the government and therefore voting Democrat. It's win-win for the left. |
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More aged workers who need a higher wage to sustain themselves would have to differentiate themselves from these teenage workers in order to compete. Experience would be the large factor here, perhaps with ability to work a full-time, non-flexible schedule being a close second. Those are valuable traits to many companies wishing to hire, traits for which they very well may be willing to pay a significant amount higher to attract non-teenagers to the positions.
Being willing to turn up every day counts for a lot too. Also commitments so that you don't just walk out when the job gets crappy. |
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Let's put this in a perspective that maybe you can understand. Would you rather live in a world with zero CO2 in the atmosphere, or ten times the current amount that is currently in the atmosphere?
That is actually an argument for letting the market determine the wage for a specific labor, you know that, right? The level of CO2 in the atmosphere is self-regulated by the animals and plants. It's not "decided" and enforced by some regulatory agency. CO2 levels increase, more plants take advantage of that CO2, reducing the levels and increasing oxygen. Price floors cause surpluses in every other good which you set them for. Why would they not cause surplus in labor? Human beings could not live in an atmosphere with zero CO2 (or is that your point?).
Yes, that's his point. We actually need a small amount of CO2 to trigger our breathing response. Too much, or too little, and we suffocate. Yep, I see that now. Apples & oranges really. If my posts disappear from this thread, it's because it looks just too daft to keep appearing in my new-replies list. Feel free to quote for posterity...  |
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Let's put this in a perspective that maybe you can understand. Would you rather live in a world with zero CO2 in the atmosphere, or ten times the current amount that is currently in the atmosphere?
Human beings could not live in an atmosphere with zero CO2 (or is that your point?). |
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How about some odd values like 3.14159 btc? Or 4.20 for those silk-road purchases |
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A big problem with decimals is that people will make mistakes.
It is easy to send 10.25 BTC but it is more accident prone when you have to send 0.000001025 btc, especially when you are in a hurry (is that 5 zero's after the decimal point or 6?)
I know, I know there are ways to overcome that, but it will be a hassle if we have to add too many decimal places
1.025 Mikes. |
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I bought a small quantity of bitcoins a couple of months ago. In that time, no one has decreased the value of what I hold by counterfeiting more bitcoins. In fact, my holdings will currently purchase approximately 33% more USD than when I purchased them. What's not to like?
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You kind of can't, but fortunately it is so expensive to get your own hologram that few are going to do it frivolously and without putting their name on them. Anonymous holograms are cheap there is no point in making a custom no name design.
Well, looks like bitcoin is no longer the only pioneer here. "You can send a Square gift card to anyone with an email address. No smartphone? They can print out a QR code." That's Square's Jack Dorsey: - https://twitter.com/jack/status/277824833130209280I haven't seen a printout from Square with one of these gift cards, I'ld be curious to see one though. (e.g., what size is the QR code). But this paper QR code as a bearer instrument works because it is familiar -- it works kind of like cash [Edit: as long as the underlying electronic transaction can occur.] Bear in mind that it's a gift card. If you wanted to try and complete a transaction with it, you'd run into similar trust issues. Gift card fraud is rife and you'd be foolish to trust it on its own merits. Since I'm posting anyway, I'll just add that I think the whole bitcoin-note thing is a bit ill advised. It's trying to be something that it isn't and can't be. Even Casascius' coins (which are cool) are somewhat marginal really. Though with that said, I don't want to rain on anyone's parade so I'll be pleasantly surprised if this works out well. |
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This is pure entertainment when people start jumping up and down like little girls because the bitcoin price goes up. Next stop: Sobbing, bitching, whiny, confused stage. "Why did the price fall?  " ... because someone was smart enough to sell high.  It's all low right now |
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Encryption does not help if it uses X.509 certificates (SSL). They are broken because various issuing authorities that come in browsers by default are actually government authorities, and they issue certificates to tap SSL traffic like candy. There's even specialized DPI hardware that will decrypt the original traffic to your computer, read and inspect it, then re-encrypt using these phony certificates, while the user is none the wiser.
Moreover, they can easily block all encrypted traffic but allow it just for connections inbetween IPs they whitelist. That's when it's time to go to side-channel or steganography. |
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Encryption does not help if it uses X.509 certificates (SSL). They are broken because various issuing authorities that come in browsers by default are actually government authorities, and they issue certificates to tap SSL traffic like candy. There's even specialized DPI hardware that will decrypt the original traffic to your computer, read and inspect it, then re-encrypt using these phony certificates, while the user is none the wiser.
Yes, the model for encryption for HTTPS is very broken and wrongheaded. But I was also referring to things like email and IM. Everything should be end-to-end encrypted except that expressly designated for public consumption. |
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Still digging, I see. No, the cartoon is intended to point out that dissenters get caged.
I think he thinks it's the guy in the bow tie who is supposed to be him. |
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is entirely barbaric in its treatment of those that cannot fend for themselves.
I'm no ancap supporter but it's actually neutral in its treatment of such people. The premise is that it's not the job of government to take care of such things (or indeed anything I guess). It is the individuals who are capable of helping such people who are either "barbaric" (actually a subjective judgment) or not. |
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Even without the border markers, it would be abundantly clear where North Korea sits on that peninsula...
I disagree. Without the border markers, it could quite easily be a number of fishing boats on a large body of water. |
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