Bitcoin Forum
July 16, 2018, 06:46:51 PM *
News: Latest stable version of Bitcoin Core: 0.16.1  [Torrent]. (New!)
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: myrkul...I found an idiot to flame troll  (Read 727 times)
420
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile
January 24, 2013, 08:28:52 AM
 #1

http://vectorpress.blogspot.com/

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
1531766811
Hero Member
*
Offline Offline

Posts: 1531766811

View Profile Personal Message (Offline)

Ignore
1531766811
Reply with quote  #2

1531766811
Report to moderator
1531766811
Hero Member
*
Offline Offline

Posts: 1531766811

View Profile Personal Message (Offline)

Ignore
1531766811
Reply with quote  #2

1531766811
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1531766811
Hero Member
*
Offline Offline

Posts: 1531766811

View Profile Personal Message (Offline)

Ignore
1531766811
Reply with quote  #2

1531766811
Report to moderator
1531766811
Hero Member
*
Offline Offline

Posts: 1531766811

View Profile Personal Message (Offline)

Ignore
1531766811
Reply with quote  #2

1531766811
Report to moderator
myrkul
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
January 24, 2013, 04:52:46 PM
 #2

Oh wow, some flamboyant stupidity there.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
dotcom
Sr. Member
****
Offline Offline

Activity: 353
Merit: 250



View Profile
January 24, 2013, 06:00:51 PM
 #3

"You Fail Economics Forever"

This section was physically painful to read
myrkul
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
January 24, 2013, 06:04:48 PM
 #4

"You Fail Economics Forever"

This section was physically painful to read

Yeah, it should have said "I"  Cheesy

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
Vandroiy
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000


View Profile
January 24, 2013, 10:33:06 PM
 #5

While the term "fiscal cliff" and its use is weird, "You Fail Economics Forever" doesn't sound right.

When I helped with a little introductory talk to Bitcoin at a small meeting, I got to listen to a talk by a mathematician who simulated debt loops. He split up an economy into sectors like investment, private spending and government, and mostly just tried to keep the money flows consistent. (While that's a very simple model, it's still quite useful -- the money must go somewhere after all.)

The parameter space turned out to have a stable and an unstable area with respect to government debt. The simulation reproduced the effect mentioned in mykrul's (nevermind, fail on my side) the blog post: for a while, even in the unstable area, the system can remain functional by issuing more debt or money. "Haha, we're in control anyway."

However, after some time in the unstable area, the velocity of money cycling through banks and government debt went through the roof in an exponential runaway function. That messed with money supply, and ultimately a disruptive stop of that flow blew up the investment sector and maybe a lot more -- the model wasn't really sufficient to make statements about the final result. But it didn't take a genius to tell that it looked broken. Wink

Fun fact: if that model is close to reality, the point of no return can be long before the collapse. Once you're in the runaway area, you can only watch the train wreck in slow motion, with no options to stop it. This is politics nightmare, because politicians don't give a shit whether their decisions blow up everything a few election periods later. Tongue
myrkul
Hero Member
*****
Offline Offline

Activity: 532
Merit: 500


FIAT LIBERTAS RVAT CAELVM


View Profile WWW
January 25, 2013, 08:46:20 AM
 #6

The parameter space turned out to have a stable and an unstable area with respect to government debt. The simulation reproduced the effect mentioned in mykrul's blog post: for a while, even in the unstable area, the system can remain functional by issuing more debt or money. "Haha, we're in control anyway."

Just to clarify: I am a much better class of idiot than is that guy. It's not my blog.

BTC1MYRkuLv4XPBa6bGnYAronz55grPAGcxja
Need Dispute resolution? Public Key ID: 0x11D341CF
No person has the right to initiate force, threat of force, or fraud against another person or their property. VIM VI REPELLERE LICET
420
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile
January 25, 2013, 08:47:06 AM
 #7

The parameter space turned out to have a stable and an unstable area with respect to government debt. The simulation reproduced the effect mentioned in mykrul's blog post: for a while, even in the unstable area, the system can remain functional by issuing more debt or money. "Haha, we're in control anyway."

Just to clarify: I am a much better class of idiot than is that guy. It's not my blog.

just realized i spelt your name correct Smiley

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
Rassah
Legendary
*
Offline Offline

Activity: 1680
Merit: 1001


Academy


View Profile WWW
January 28, 2013, 07:00:17 PM
 #8

Quote
But this just raises the larger issue of American gun culture – and yes, it is a culture. You get a certain crowd at the Dulles gun show just like you get a certain crowd at Anthrocon.

Wait, what?

EDIT:
Looked through that blog a bit more. This piece of his is just painful to read http://atlas-shirked.blogspot.com/


As for the stupid "economics article," turns out he's an Psych/English major, so that should explain that...

420
Hero Member
*****
Offline Offline

Activity: 756
Merit: 500



View Profile
January 29, 2013, 06:51:30 AM
 #9

Quote
But this just raises the larger issue of American gun culture – and yes, it is a culture. You get a certain crowd at the Dulles gun show just like you get a certain crowd at Anthrocon.

Wait, what?

EDIT:
Looked through that blog a bit more. This piece of his is just painful to read http://atlas-shirked.blogspot.com/


As for the stupid "economics article," turns out he's an Psych/English major, so that should explain that...

damn...i feel embarrased i posted this guy after reading this; he's 2x more douchbag and 3x more asshole than I thought

Donations: 1JVhKjUKSjBd7fPXQJsBs5P3Yphk38AqPr - TIPS
the hacks, the hacks, secure your bits!
Vandroiy
Legendary
*
Offline Offline

Activity: 1036
Merit: 1000


View Profile
January 29, 2013, 09:05:18 PM
 #10

Just to clarify: I am a much better class of idiot than is that guy. It's not my blog.

Oh. Oops. Sorry about that. Embarrassed

Dunno why I put your name there. Maybe the name of this thread gave me that idea?
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!