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721
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Other / Off-topic / Re: Looks like our bitcoins might be virtual after all ...
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on: January 10, 2013, 12:22:44 PM
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Shit. I had a really good talk on this, but I've lost it. I think it was a French physicist. He was talking about information storage systems, actually, and how they are evolving to become less deterministic, and sort of relating that to quantum mechanics.
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724
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Economy / Economics / Re: How many $s are there
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on: January 10, 2013, 11:43:05 AM
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On the other note: to me a simple answer to how much money is there could be: take a snapshot in time and account for M1 +M2 + M3 (surly this will allow all loans to be offset with the resulting credits) = money in said economy, would that be correct,?
Yes (with the caveat above). But it is impossible. There is no record of all the loans in the world. |
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727
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Economy / Economics / Re: The Moneyless Man
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on: January 09, 2013, 07:49:58 AM
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LOL wut?
Bitcoin is a 400 Megawatt waste of energy.
Do you even know what a Megawatt is? He does not, probably, but I do: It is a measure of effect. You can convert it to horsepowers if you like. It is work (or energy) per time unit. Then can you tell me how many Megawatts Bitcoin actually uses? |
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735
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Economy / Economics / Re: Paul Krugman Has had an epiphany...
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on: January 01, 2013, 08:32:33 AM
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LOL, I think I'm going to have to take credit for this. In return, at least, I did learn about Physiocracy. There's no telling why Krugman missed this. I don't think he's an actual idiot. I think he's mostly just a political shill. Either way, it's not really surprising to me. Economists don't seem to have the slightest clue about the real world. Here's a perfect example, from an argument I had several years back with a couple of economists on YouTube. I just happened to stumble upon it, looking for some of my recent posts on the obsolescence of human labor: Yes, that is a real life economist. And, yes, he thinks that matter and energy cannot be depleted. Do you see just how screwed we all are? |
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736
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Other / Politics & Society / Re: Those fuckers! Fiscal Cliff Rolled Back!
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on: January 01, 2013, 07:38:38 AM
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America, you have now gone over the fiscal cliff. Do not pass go, do not collect $200. All retweets are now considered endorsements. The price of milk is now $170 a litre – yes, a litre, because everything is now METRIC. I can live with this. |
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