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Comment Re:San Francisco is just an extreme example... (Score 3, Insightful) 359

It's a great place to live if you're rich, and virtually impossible to live if you're middle class or poor.

Considering that California is the most populous state in the nation, I think you might be exaggerating things just a bit. Clearly, lots of people live here, and not all of them are rich. Me, for instance.

Comment Re:Freedom of political activism (Score 1) 1746

You are legally free to boycott a company whose CEO, say, donated $1000 to a political campaign regarding abortion (either pro- or anti-), 5 years ago. That doesn't make it ethical.

Ethics has nothing whatsoever to do with the personal choice to boycott something that one disagrees with.

You are woefully confused.

Comment Re:They're getting into Bitcoin NOW?!? (Score 1) 94

Would that be the Greater Fool Theory? Or the notion that there's a sucker born every minute?

Generally speaking, if you find yourself going negative on something that a bunch of other people are enthusiastic about, the chances are fairly good that you don't understand it. That's not to say that Bitcoin is a stable market (it's not) but that there are probably many more variables contributing to the price than you are aware of.

Comment Re:They're getting into Bitcoin NOW?!? (Score 2, Funny) 94

In case you haven't noticed, the value of Bitcoin has dropped by more than half over the past three months. Between the MtGox scandal, the Bitcoin bans in Russia and China, and the draconian new IRS regulations

So what? BTC is a medium of payment. The businesses accepting BTC as payment are largely converting it into their preferred currency, so the volatility isn't very important.

I'm amazed that it's still trading in the $500 range.

Your amazement should be taken as a clue that you don't actually understand the Bitcoin market.

It sure as hell don't see it coming back to $1,000 soon, that's for sure.

See above.

Comment Re:i trust nothing (Score 1) 631

The real problem here is a non-governmental organization posing as a government organization
controlling the money supply and murdering presidents such as Lincoln and JFK who try to stop them.

Unless you have some tangible proof of that, I suggest you start taking your meds again.

Comment Re:Only one player (Score 1) 631

If you're deep enough into economics-talk to be discussing the virtues and vices of a currency, you're deep enough in that you probably want to be careful about your meanings when talking about the source of a currency's value.

Keep tilting at that windmill, Don.

Comment Re:i trust nothing (Score 1) 631

And there is nothing stopping the government from issuing gold dollars, or you from acquiring them.

I know this because I have a gold dollar. Interesting because the face value is currently ~1/1300th of the value of the metal.

I'm quite aware of that. And that gold dollar is legal tender. However, you'd be a fool to spend it for the face value.

And therein lies the rub: the value of that gold dollar is not fixed to the price of gold, at least not as legal tender.

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