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Comment Re:bad design (Score 1) 100

Wrong. It has not centrally defined value, but it has value. If you give me X for this painting on my wall, then X is its value, regardless of what X is. It could be US$ or pieces of cake or a service.

Yes, I said that poorly, but you chose to ignore my point. The whole reason we use token currencies comes from the convenience of not pricing things in terms of goods or services. We don't need to value a shovel in terms of chickens, or a cow in terms of a number of hours spent weeding your garden. We can agree that X units of currency will pay for a shovel, Y units for a cow, and Z units per hour for weeding the garden.

As for the "value" of DocuCoin, I would repeat (or perhaps clarify) that the coins themselves have no value, in the same way that me scribbling a crappy picture of a cat on an old napkin has no value. Now, if Jim Davis draws a cat on a napkin, you might have something you can sell on ebay for a buck or two - But that has nothing to do with the underlying "coin" of doodling-on-a-napkin. The drawing, and more importantly, who made it, has value; but that puts us back to "how many Garfield sketches does a cow cost?"

Comment Re:Crazy (Score 1) 778

It had nothing to do with the invention of self-service pumps.

Uh-huh.

Economic data is historical data. It can produce correlations, never, ever Cause and Effect. Someone please design for me a control system based on correlational data.

In other words, "I can't produce any data showing where job growth slowed or people lost jobs because of a higher minimum wage, thus all data is garbage".

Which is why the economic growth rate is, over the last 100 years, inversely correlated with the power of economists and our government.

You think it's economists who are behind the movements to raise the minimum wage? You think government wants this and working people are against it? Maybe you should look at this:

http://www.politico.com/story/...

"On minimum wage, voters support raising the federally mandated minimum, 72 percent to 27 percent, including a majority of Republicans, who support it 52 percent to 45 percent"

And surprisingly, even 61% of small business owners support raising the minimum wage. Now why would that be?

http://www.usnews.com/opinion/...

Your argument that a raise in the minimum wage is something thought up by economists and government is just provably wrong.

Which is why the economic growth rate is, over the last 100 years, inversely correlated with the power of economists and our government.

You complain about "correlations not being causation" and then come up with THAT argument, which is based on a spurious correlation? Every rise in the minimum wage has been not the result of eggheads in government, but because of a groundswell of demand from the people who are, you know, actually doing the work.

There's not a single person in national elected office, House, Senate, or White House who has a PhD in Economics. Not one. There are people with other kinds of PhDs and professional doctorates, but not one single economist. But, you argue, economists control everything. Here's a correlation for you, "People who espouse neoliberal economic theories are highly likely to throw any kind of argument at the wall, based on no data or even any kind of provable theory." If anything, if you want spurious arguments and assertions based on nothing but feelings and doctrine, go to an Austrian School economist or someone who believes that crap.

Comment Re:Local testing works? (Score 3, Insightful) 778

If all you have available to "give" are poor imitations of intelligent debate,

For a group of people who love throwing around words like, "Marxist" and "Tyranny" and "Collectivist" and "Fascist" and "Moochers" and "Leeches" and "Parasites", I'm not sure you're in a position to judge what is and what is not intelligent debate.

Yes, what passes for a libertarian in 2014 is a thin-skinned mental undergrad with a grudge. A Republican who read once read a book. Any push back at all and they holler, "Mom, he's hitting me back!" Bitter and brittle, they march around just knowing that society could be so wonderful and free...if only. Protected by the notion that they'll never have to actually perform. And whenever libertarian policies are put in place, the resultant failure is always blamed on not having gone far enough. So, if only they had really gone a few steps further, it totally would have worked. In that way, they are just like the handful of hard core communists left. "If only they had really gone all the way with libertarianism/communism, it would totes have worked". It's actually a lot like your basic extremist follower of any other New Age belief. "The coffee enemas would have cured their cancer, but they just didn't stick closely enough to the regimen." Or, "The faith healing would have totally worked, but the patient didn't have enough faith." It's an argument that can never be won, which is why most people have given up and have just taken to ignoring them.

There is a reason no society in the world, in history, has ever tried to fully implement a fully libertarian system. Because even those most desperate for liberty - especially those most desperate for liberty - can recognize full-blown crazy when they see it. But I have to say, it would be a great treat to see a libertarian live for one day in such a society.

There's also a reason that of all the times the John Galts of the world have decided that they're going to create some floating libertarian utopia somewhere beyond the evil grip of the choking fist of government around their skinny necks, it's never ever happened. Because in the marketplace of ideas it loses every single time. Even libertarians know the idea is crazy, but they've become in love with the vast amount of self-regard that such a philosophy affords them, safe in the knowledge that they'll never be called upon to actually, you know, live like that.

Comment Re:Crazy (Score 1) 778

No, but i can tell you when I worked at a mcdonalds as a kid, min wage was 4:80 or something close to that. NY raised it to 7 bucks, the cost of all the food rose by a dollar overnight, the dollar menu was taken down and 3 people did get fired.

As you say, "Personal stories are by no means indicitive of the entire situation, "

but thats one example of what happens when you raise min wage

Except, it's never worked out that way, except in your fond memories of working in McDonald's as a kid. Prices never rise in proportion to increases in minimum wage, because wages are only one part of the cost of doing business. In fact, a rather small part, about 20%.

http://www.restfinance.com/Res...

People who are against raising the minimum wage can give you all sorts of theories about how it's going to hurt the economy, but it has never worked out that way. Not at the low end of the scale, not at the high end, and not in the middle.

Comment Re:Local testing works? (Score 1) 778

Stop bellyaching. When your reply contains a list of fallacies, you've already lost. This is give and take, not a debating society.

If the shoe fits, wear it. Why are libertarians so famously thin-skinned? I get the impression that if they ever found themselves in the kind of society they promote, they would have one very bad, very short day.

Comment Re:Crazy (Score 1) 778

With the govt created inflation and its political game to make it look like it cares and thus raising minimum wage over time these jobs disappeared.

It had nothing to do with the invention of self-service pumps.

Minimum wage is minimum ability and it is a barrier to entry into the job market.

Except, that's never been the case. You can not point to any increase in minimum wage in history that has depressed the job market on the low end. It has never happened.

But that will never stop you from repeating the lie.

Plenty jobs would exist just fine without minimum wage

It's not like we don't have data. Plenty good jobs selling apples on the street were available when there was no minimum wage. Of course, a fair number of those workers starved, or lived in horrible poverty conditions, but that's just the Invisible Hand of the Free Market (aka, "goatse").

Comment Re:bad design (Score 1) 100

FTA: "The value of each coin will be completely subjective, depending on who creates the coin and why."

I don't think this has a problem with double-spending, because it has no actual value.

This has almost no resemblance to "currency" in any meaningful sense, and calling it such amounts to nothing short of deceptive. This looks more like a formalized system of LinkedIn endorsements, except still with the same underlying flaw that your technophobe mother can "endorse" your 133t Perl scripting skills. Or perhaps in the best case, it amounts to a built-in certificate of authenticity for things like celebrity signatures on books or baseball cards.

Bitcoin doesn't need to worry about the competition.

Comment Re:KODACHROME PATENT STILL VALID!! (Score 2) 45

I see a lot of that attitude today and it's always by leftists who are utterly frustrated that opposition is allowed to exist.

We have state after state where Republicans are trying to keep old people, minorities and students from voting.

Tell me where Democrats are trying to keep anyone from voting. It's always projection with you guys, isn't it.

Comment Re:Guest Workers (Score 1) 529

Why would corporations be forced to improve? As Hobby Lobby taught us, "corporation" is just shorthand for the will of the rich stockholders. And they don't give a whit about the plight of the average American worker when they have access to the world. If they can't move the Malaysian to the US office, they'll move the US office to Malaysia. Visa problem solved.

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