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Comment Unjust enrichment? (Score 1) 99

So a company is running unpatched servers with no firewall. Even if they do get insurance against cyber incidents, they are guaranteed to get absolutely nothing from this insurance, because they don't have any protection set up. Isn't insurance in this case essentially unjust enrichment for the insurance company?

Comment Re:Best explanation: SN 287 (Score 1) 490

If this creation really does benefit global economy as a whole, it makes sense to pay the creators and early adopters for inventing, implementing, testing and spreading this system. On the other hand, early adopters have the highest risk of spending a lot of resources on something that won't take off in the end. This means their investment should pay off with a greater rate. (Yes, *you* could've been an early adopter too, but 2 years ago no one knew that BTC will take off and get the current rate. That's what taking the risk is about.)

Comment Re:Still wondering... (Score 2) 490

I just started reading up on the BitCoin infrastructure and it's quite fascinating. I have some education in economics, but economy is not my main field, so cut me some slack. From what I understand, this shouldn't be a problem and here's why I think so.

While what you're saying is true for "real" economy, it's quite different for BitCoin. When someone's suddenly dumping a lot of currency, greatly devaluating it, you have a reason to believe that this currency suddenly became less scarce. (Alchemists discovered a way to turn lead into gold, gold miners found rivers of gold, USA is printing dollars like there's no tomorrow, whatever.) So you want to get rid of the currency based on reasonable expectation, that it will never return to previous value and dumping it will provide you more benefit.

The key here is you predict the currency will *keep* devaluating until it's no longer useable. However with BitCoins you are not left in the dark and there's no central authority that can screw you up. You *know* the rate at which they are created, because it's governed by two unchangeable variables:

  • 50 BitCoins per block (for first 210k blocks, decreasing after that, read FAQ)
  • and 6 blocks per hour (self-regulating by the adjustable difficulty of making the blocks)

Furthermore there's a hard cap of 21 million BTC, so there's no way for someone to mint more than that.

Link on topic: https://en.bitcoin.it/wiki/Deflationary_spiral
And FAQ: https://en.bitcoin.it/wiki/FAQ

Comment Re:Interesting. (Score 2) 403

It seems to me that people, who make laws affecting the economy of the country, should understand the implications of these laws. Hence they should be versed in law and, more importantly, macro economics.

The alternative is worse: laws that have good intention, but end up having good economic reaction only in short term. While in the long term the reaction would be completely reversed, making the consequences the opposite of what was intended. This is quite common in economics.

Comment Re:Hrmmmm, interesting (Score 1) 374

Thank you for valuing my time with your new concise reply. I will also try to be concise for your sake.

1a) Regarding DDO, see your link:

For certain products, premium products are priced at a level (compared to "regular" or "economy" products) that is well beyond their marginal cost of production. Economists such as Tim Harford in the Undercover Economist have argued that this is a form of price discrimination.

1b) Regarding Valve: you give a discount to the segment that is fun. There are no rules you can't segment customers this way. While your goal isn't to cover more market with the highest possible price, this isn't a requirement of price discrimination (see the examples in the wikipedia link).

2) Your words:

the inventive structure might deter people from getting into these games because "well if I'm not good at it, I might end up paying more for other games I'm more interested in/better at"

No, you won't pay more for other games. You just won't pay less if you aren't fun to play with.

3a) Appeal to authority is not an argument. And if it was, it wouldn't be an argument you can win, when the original idea is by someone with much more authority than you.
3b) Commenting is not the kind of consideration I was talking about.

Comment Re:Hrmmmm, interesting (Score 1) 374

tl,dr, so in points:
  • price discrimination is proven to be able to both draw more people to an online game and increase the actual revenue, so it's worth a try;
  • price discrimination doesn't necessarily mean any single person would be forced to pay more than they pay now;
  • there are certainly issues with this (e.g., "how to measure fun"), because, let's face it, it's just a theory right now; but that doesn't mean this theory is pointless and shouldn't even be considered

Comment Re:Hrmmmm, interesting (Score 1) 374

Actually "loosers" will not be told they are such for exactly the reasons you state. However the incentive to make games more fun will bring in larger audience (because people play to have fun first and foremost). So you give some discounts to "fun to play with" players and you get this money back thanks to the increased revenue. You win, your customers win - this is how you do business.

Comment Re:Hrmmmm, interesting (Score 1) 374

But if you ignore his "one price for everyone is a bug" idea, which is fucking stupid.

Micropayments have already proven to be a good way to get price discrimination. For example, check out what happened to Dungeons&Dragons Online after it went free-to-play with ability to buy extra content or eye candy. By giving customers a lot of payment strategies to choose from they managed to get a huge revenue increase. Here's a first link I googled out for you: Going Free Boosts Turbine's DDO Revenues 500 Percent. This is reality, not theory.

Suddenly you've invented an elaborate system, which might make less profit, and the inventive structure might deter people from getting into these games because "well if I'm not good at it, I might end up paying more for other games I'm more interested in/better at".

You're bashing a perfectly reasonable theory for *your* inability to see it implemented. They must love you at brainstorming sessions. All of the points you mentioned can be worked around. For example, you can have a per-game rating that can never get below 0, so there would be no point in avoiding a game.

Comment Mouse controls (Score 1) 297

I have similar problems with mouse controls in some games. For example, in Fallout: New Vegas the mouse moves by several pixels no matter how little and how slowly you move it physically. Overall the mouse controls make it an extremely poor shooter when compared to many FPS games. Luckily the game has a lot of other things going for it, but if it was a pure shooter, I wouldn't play it for even 5 minutes.

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