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Comment Re:"everyone from PayPal merchants to Rand Paul" (Score 1) 67

There's a chance that the bank wouldn't be able to redeem the note, because of fractional reserve banking.

Besides other reasons for discounting notes at purchase time, like fake notes, or loss, or the bank being very far away.

That's trusting that the bank has your gold/commodity. Like the bitcoin supporters keep saying - mtgox is not bitcoin and bitcoin is not mtgox. In the same way, the bank is not gold and gold is not the bank. A currency based on gold is one based on MIStrust, because you don't trust the issuers bill and insist that their bill is backed by gold.

Currencies backed ultimately by gold by some bank are most definitely NOT backed by "trust". If you trusted them you wouldn't need the gold. Once again, I reiterate - since the invention of coinage no currency has existed that is based on trust. Not a single one. I fail to see why BTC, based soley on trust, will succeed. Even as an experiment, all it has shown thus far is that we have been inadequately teaching economics.

Comment Re:"everyone from PayPal merchants to Rand Paul" (Score 1) 67

Since the invention of coinage there has never ever, not even once, been a currency based on trust.

This is absolutely not the case.

As little as 200 years ago, there were many competing currencies, typically backed in gold. There was even merchant's associations and regular publications on how much you should discount certain bank's currency because the redeeming bank was far away, or not as trustworthy. Wikipedia has a whole catalog of these notes.

These are all bills/scrips backed by banks/companies, further backed by gold... how do you figure they were based on trust? Seems to me that a currency based on gold is not based on trust.

Comment Re:"everyone from PayPal merchants to Rand Paul" (Score 1) 67

Fiat money is self referential too. You only accept it as a form of payment, because you know others will accept it from you.

Not self-referential at all - I accept it as a form of payment because I can pay taxes with it. I "know" others will accept it for settlement of a debt because if they refuse they forfeit the debt.

Comment Re:"everyone from PayPal merchants to Rand Paul" (Score 1, Insightful) 67

Fiat money also has no real value. Just like bitcoin it is based on trust, not on authority or enforcement.

It has value in its jurisdiction. Try refusing to accept settlement of a debt in your local currency and see what happens.

Fiat currency is supported by a government

Didn't work well for Zimbabwe, or Weimar republic.

Neither did elections. Doesn't mean that they are a bad idea.

Ultimately, fiat currency is simply based on trust

Nope. Bitcoin supporters frequently make the mistake that all something needs to be a currency is trust. This is not true. It needs a sovereign government backed by men with guns who will force you to pay your bills only in that currency or face punishment. That is what ultimately makes a currency. Not trust. Since the invention of coinage there has never ever, not even once, been a currency based on trust.

Comment Re:Hmm (Score 1) 892

Why should someone with less qualifications make more than me just by having a huge ego and demanding more money?

What makes you think the better negotiator has a bigger ego than you? You've spent this entire thread being smug that you are so modest that you *don't* negotiate .... that you've now convinced all readers that you are simply a small person in a large ego. Seriously - go back and read every one of your posts - you repeatedly insult people who have good negotiating skills while you make sure that we all know how modest you are by *telling* *us* *repeatedly* how modest you are.

Dear god.... blah blah bug report blah blah

Comment Re: Negotiating is necessary. (Score 3, Insightful) 892

All Ellen Pao is doing here is guaranteeing overpayment for mediocre workers. Think about it. To get the best talent she'll have to pay top dollar. But that doesn't guarantee everyone hired is top talent.

If you read the summary carefully, they are not stating a salary value for a job in advance of making a offer to someone.

They are interviewing and then making an offer they feel is appropriate for that interviewee, that means that they can still adjust the offer based on the person in front of them (and who is to say the hiring managers don't offer less to women?). All thats changed is that the offer is set in stone, the interviewee either takes it or leaves it.

This scheme will live or die on how well they predict the job market for the roles they are hiring for but I don't see how it really addresses the stated goal of equalizing pay ranges between genders.

This scheme doesn't work too well anyway - I won't go for the interview without an upfront statement wrt the salary. I don't think I've ever gone for an interview which did not have a salary range stated upfront. As recently as Monday I've told a slave-trader that the job-spec he sent me neglected to mention a salary range. He came back with "They offer competitive market rates" and I replied with "I don't interview for people who cannot afford me". I will not be going on any interview soon (mostly 'cos I'm happy where I am, but regardless).

It's actually quite simple - if they cannot afford me then they should waste my time. If I'm unable to adjust my expectations downwards then I won't waste theirs. There is no "Well, we'll offer you competitive market rates for your skills after we interview you," there is only "don't enter the fitting room if you can't afford to buy!"

Comment Re:These days... (Score 1) 892

You obviously don't know how to negotiate. Being a good negotiator is about making the person you negotiate with believe that what you're selling is worth more than its true value. In this case, it's about making your employer believe you're more valuable than you truly are.

That's not negotiation, that's misrepresentation. There is no dictionary I am aware of nor common colloquial usage that means "misrepresent the value".

No wonder you feel the way you do about this - if you knew and used "negotiation" the way the dictionary defines it then you wouldn't make the statements you do, like "rewarding someone for useless skills".

Comment Re:This can actually work (Score 1) 892

Sounds like an exploitative company. I prefer to get my worth up front and not rely on a popularity contest sometime later; as such I regard the bonus as simply a bonus that may or may not arrive and instead ensure that the offered salary passes my threshold.

The worst time to negotiate your salary is *after* you start. After you start you'll hit the "It's company policy that all raises are capped to %X" rule. Before you start there is no "It's company policy that all salaries are capped to %X" rule (unless you interview at reddit, apparently).

Comment Re:These days... (Score 1) 892

It's not about punishing, it's about not rewarding useless skills. A Man may run a marathon in less than 3 hours, if his job is to sit all day in front of a computer, his running abilities should not get him a higher salary.

It's not about rewarding useless skills, it's about not paying more than you have to. There are very good business reasons to pay people just enough to get them to do the job especially if they are more valuable to you. The good negotiators are not being rewarded, they are just taking home the salary that the company is prepared to pay. The poor negotiators are not being punished, they are simply leaving the extra money with the employer.

Comment Re:Negotiation (Score 1) 892

Do you get unfair offers? Offers below your current salary even after they've asked you want that salary is? Or do they offer a percentage above your current pay and you are just hoping to get a bit more by being pushy?

I politely decline until I receive an offer that I am comfortable with. I do not talk with them about how I am worth more than they are offering.

Comment Re:Negotiation (Score 1) 892

We come up with an offer that we think is fair.

That's a pretty poor negotiating strategy if you're trying to hire the talent you want rather than the gender you want.

I think she made it clear (repeatedly) that she isn't interested in the talent as long as it passes some baseline level. This is reddit, after all - what the hell would they do with talent?

Comment Re:These days... (Score 1) 892

Everyone's focusing on the first part of that sentence, and not the 2nd... Take two people who negotiate equally strongly; the one with the penis is called confident and achieving, the one with the vagina is pushy and catty. So too late, some people (the one's with the vaginas) are already being punished for being good at something.

How the hell did this get insightful? "Negotiating" a salary is not the same as negotiating a car purchase. I never sit down and talk with the HR person about salary, I simply politely decline until they come back with an offer that is acceptable, usually the final figure is the same as the one I put down in my cover letter under "salary expectations".

There is no opportunity for cattiness or pushiness unless you insist on discussing why you deserve more than they offered, and if you are at that point then you have already lost. Your interview should have already convinced them of your utility to them and if it hasn't then no amount of whining from your side will change that.

Just politely decline until they breach your expected salary threshold.

Comment Re:These days... (Score 1) 892

It exists because you've got two parties with two different goals. One wants to get paid as much as possible, the other wants to acquire something for as little as possible.

All monetary transactions are like that. Yet we don't negotiate for toothpaste, gas, etc.

Incorrect. We don't negotiate when doing so will cost us more than it will save us. If your statement were true then lots of companies would sell $1k toothpaste because "we don't negotiate for toothpaste". It's absolutely true that we negotiate rates of pay.

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