"At a conference in Dubai this week, the ITU members decided to adopt the Y.2770 standard for deep packet inspection, a top-secret proposal by way of China that will allow telecom companies across the world to more easily dig through data passed across the Web. According to the UN, implementing deep-packet inspection, or DPI, on such a global scale will allow authorities to more easily detect the transferring and sharing of copyrighted materials and other protected files by finding a way for administrators to analyze the payload of online transmissions, not just the header data that is normally identified and interpreted." http://rt.com/usa/news/un-internet-itu-packet-385/time to encrypt everything It always has been, really. This may actually be a good thing in a roundabout way.
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It's ashame you can't just swallow the file & shit it out for future use's, it would make life so much easier
I bet someone is working on that idea at this very moment. Embed it under your skin, Jason Bourne style.
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while the state evaluates social benefit vs. research cost.
Lol.
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If you can spot the fallacy, you may be qualified to comment properly on fractional reserve banking. Three old ladies go to buy a radio. They go to the shop and buy a radio for £30, each contributing £10. After they have left the shop, the manager realises there has been a pricing mistake and the radio should be £26. So he gives his assistant £4 and sends them off after the old ladies. The assistant catches up with the old ladies. Not having change for £1 and being a bit sneaky, he gives each of the old ladies £1 each and pockets £1 himself.
So, if you add up the £9 each the three old ladies paid, the £1 each the assistant gave them and the £1 the assistant pocketed, you get £31. Where did the extra £1 come from? This works best as a verbal riddle BTW
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this measurement could be useless since it count the same money at different location several times
This is, in fact, the case. My friend, you count amongst that rare proportion of the populace who are able to "keep things straight" which, unfortunately, far too few, especially politicians, can count themselves among. Let me find the story of the three old ladies and the radio.
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I see the words "fractal reserve" in the image - is something to do with preserving the Mandlebrot set going on here?
Yeah. And the "Borad money (cash + deposits)", on the lower, right portion of the graph, is like "Borat money", for make benefit of glorious nation of Kazakhstan. Too bad that the pictures included in posts can be replaced afterwards with no notification or an ability to quote for posterity. That's what the printscreen button is for.
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And the gold rush of 1849, which caused an inflationary blip, too. But these things tend to settle out a hell of a lot faster when there's no printing press going full-speed.
It's also self-correcting somewhat. Once the price of gold falls in such a scenario, the incentive to mine/conquer more drops greatlyCorrection, - the incentive to mine more increases (motivation for innovation), but one's ability to mine more is diminished by the decrease in value (without innovation). Ones will to mine the same amount for a lower return is diminished, hence in the absence of innovation, mining more gold is diminished and the self-correcting equilibrium is restored. You put the cart before the horse. The motivation for innovation is to reduce costs. It tends to create an increase in production which in turn suppresses prices (in a properly competitive system).
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old enough to hope that I might make it so that I might be able to get some of my money back.
You can't get it back, it's already spent. As you say, about the most you can hope for is that it would continue to be at least somewhat functional as a conduit of funds from the productive. That said, the SS issue is one of demographics more than anything. The actualities of things are that retirees extract goods and services from the economy whilst not currently providing anything in return. As the non-productive grow compared to the productive, problems ensue. Having a private system would certainly have been better but still faces the same basic reality. The government also continues to move people from the productive to non-productive category at an alarming rate so it's just not looking good all around. Plan for your later years with that in mind and don't trust promissory notes from a group that considers a promises expiry date as as soon as you're out of sight.
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The world has used gold as money for thousands of years because its purchasing power cannot be inflated away by governments and banks. Gold is mined at roughly the same pace as the increase in world population.
Well, you are forgetting 17th century southern Europe when Spain imported so much plundered gold from the New World that it caused widespread inflation. And the gold rush of 1849, which caused an inflationary blip, too. But these things tend to settle out a hell of a lot faster when there's no printing press going full-speed. It's also self-correcting somewhat. Once the price of gold falls in such a scenario, the incentive to mine/conquer more drops greatly
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Sounds like usage of different sizes would be a major annoyance [...] to use.
Not for the blind. But there's no significant issue in usage for the sighted and the different colors are helpful too. The dollar really is a horrendously designed banknote.
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accountability - enforced by videotape... is a good thing for all of us.
Agreed. But "freedom of the press" is a bit tenuous when it's your average man-on-the-street doing the filming. I would think "unreasonable search and seizure" or something similar would cover it but that would probably set a precedent for blocking something the govt doesn't want stopped.
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I guess you would claim that large numbers of people can coordinate through voluntary association. I would claim the opposite.
People don't need to coordinate. I don't know what my co-workers make, nor do I particularly care
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I think Bitcoin's which require a lot of technology to use, is not a good fit for a country like India.
I think you have a somewhat outdated idea of India. Also, this would be for the government to use, not the general populace, I would assume.
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That's correct. In a competitive market you set wage = marginal product. In this case you cannot do that without going into deficit.
In a free market, the "fruit" is decided by mutual agreement. This is basic stuff. Without central coordination, mutual agreement yields poverty. Clearly I disagree with your assertion.
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I'm English so technically those Americans of you out there stole land from me in the revolution and you owe me some moolah. Send me your bitcoins. I work with a guy of Indian descent so I'll make sure to split it with him and we should all be square. Any Vikings out there contact me directly and we can discuss negotiations over all that raping and pillaging.
I see you are still screwing the Irish. Quite arguably. They may have to get in line though.
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I don't see how this is a first amendment issue (unless it was actually the publishing and not the recording that was at issue).
Of course, it absolutely should be allowed. Which probably means that there was a door the court didn't want to open by finding in favor for the *real* reason.
Freedom of the press. A little tenuous but I'll give you that one.
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That's correct. In a competitive market you set wage = marginal product. In this case you cannot do that without going into deficit.
In a free market, the "fruit" is decided by mutual agreement. This is basic stuff.
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I've said it before. I believe AnCap is a breeding ground for criminal organizations. It's the ultimate petri dish for unethical behavior, power plays, crime, gangs, etc.
You know how the American mafia became a force to be reckoned with, right? I mean, you know where there money came from? I mean, you know why people were giving it to them rather than lawful producers of the product they wanted to buy?
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That is one criticism which you guys have now admitted to.
I don't know these guys. Please don't ascribe anything I might say to them. I know it's your thing and all but still.
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Is Singapore an AnCap society? If not, why are the evils of Singapore being blamed on AnCap principles? There is some sort of logical trick going on there. If two things share a subset of the same properties, then they will share all the same properties, or something.
Also its funny that the main criticism of AnCap (which I agree with) is that there is a threat from assholes who want to create governments... yea, exactly. Thats what we want to figure out how to stop.
It's like "Communism is bad", "Communist leaders enrich themselves at the expense of others", "That's Capitalism", "Isn't capitalism evil?" Capitalism is simply the belief that one should be able to retain the fruits of one's efforts.
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