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Comment Re:More Corporate Greedmeisters (Score 1) 466

You mean like right now? You don't get rich by working hard. You get rich by being born rich, by fucking over other people, by being really lucky or by being REALLY fucking smart. Of all of those cases only one of them involves hard work and not many people are born smart enough to come up with a real money making idea.

Pretty much. Economic mobility in this country is primarily down. The upper 20% control pretty much everything. Income for the middle and lower classes have been stagnant and or dropping. If you aren't already well of it is extremely difficult to become well off. If your family is already in a whole you are most likely going to stay there.

The economic statistics are depressing. And of course the upper crust fight tooth and nail to make it worse. It isn't sustainable, but then again they don't really care. It will be interesting to see how much longer this can last before the whole thing collapses.

Comment Re:!bank (Score 1) 357

As we have seen, keeping any amount of money at an exchange's account is a recipe for disaster. They can still be used, but only if you take care to move your money out of it as soon as possible.

Exactly. Exchanges are COMPLETELY UNREGULATED. There is nothing, absolutely nothing that prevents them from just closing up shop and taking the coins with them. This is exactly the same as walking up to a stranger on the street and handing them your wallet, and should have about the same trust level.

Keep transactions small, keep only what you absolutely need on the exchange, and move everything else out as quickly as possible. It never ceases to amaze me that people don't do this. They'll say "Oh it's too inconvenient to do that!" Well losing your coins is a hell of a lot more inconvenient in my opinion.

If you play fast and lose with your coins, expect to lose them.

Comment Re: Ponzi scheme (Score 1) 357

I guess we need to start being ultra-specific for the BitBelievers. It is a Ponzi-like scheme. Broken down to its fundamentals, ignored in that FAQ question, a Ponzi scheme is generally understood to be a money making venture that is wholly dependent on new folks coming into the scheme in order to continue to fund the upper levels. If folks stop buying into the bottom, then things dry out all the way back up the chain until it fails.

This is your fundamental premise and it's wrong. BitCoin is not a money making venture. It was never intended to be an "investment". It was intended as a medium of exchange. And that's all currency is.

Places like Mt. Gox and Vircurex are similar to the money markets of other fiat currencies. You could buy, sell, and trade amongst the currencies. THAT is a money making venture, but that is completely independent from the currencies itself. And since there are no central or regulating authorities on the currencies any such exchange should be treated with extreme caution.

Bitcoin is not a ponzi scheme. Ponzi schemes can be perpetrated using bitcoin, but the same can be said for any currencies. Bitcoin and related cryptocurrencies are not regulated, nor are any business associated with them. As usual, people are the problem.

Comment Re:Yet more pussification of America (Score 1) 704

Whatever happened to "sticks and stones"? Are we such wimps that we're now going out of our way to be offended by the fantasy worlds that we're voluntarily taking part in?

People want to enjoy the games they play. They don't want a bunch of assholes telling them how much they suck and that they should kill themselves just because they don't spend 16 hours a day playing the game. That gets old really quick, and drives away a lot of gamers. I know I have better ways of enjoying my time than listening to a bunch of spoiled kids with first world problems raging at each other.

Comment Re:Don't buy it then (Score 1) 704

Yep. Game communities suck. From chess to starcraft, it doesn't matter. Anytime people can have near anonymity and little (if any) consequences for their actions, you're going to get a bunch of assholes who do nothing but wreck the gaming experience. Though predominantly these assholes are kids (teens-to-low twenties), there are plenty of more "mature" gamers who also behave this way.

I only play online games on occasion these days, because honestly I have better things to do than listen/read to some spoiled kid ranting and raging.

Comment Re:At the same time... (Score 3, Insightful) 529

why are we looking Korea, Taiwan, Singapore, and China as our models? What scientific advances have come out of those countries recently?

Not many, because they send their kids to US universities which get the credit. Look at the names on those research papers getting published. Last I checked, Yang, Matsumoto, and Konwa were not common last names in the US.

US universities still generate a disproportionate fraction of scientific research, and US companies generate a disproportionate fraction of technological innovation.

Of course they do. But look at the rosters. Do you think US universities and companies limit themselves to the US? On my own projects it's pretty common to have 50% or more of the team be from a foreign country. Both universities and companies pull the best they can the cheapest they can and take the credit where possible.

Comment Re:BS, as usual. (Score 1) 401

This results in people using less of the resource and finding alternatives.

What exactly are the alternatives to food and water?

Any such models that are built without the input of an economist should be automatically discarded as being total BS.

Hmm. No. The report isn't talking about iPads and BMWs. It's talking about basic necessities. Food, water, shelter. Once a significant portion of a population can no longer get these basic necessities, social order will begin to break down. That, in turn, increases prices which leads to more unrest. Eventually the whole thing collapses.

Comment Re:"Collapse" is an overstatement (Score 1) 401

Civilization is a lot more robust than many people imagine.

No it isn't. For a civilization to thrive you need resources. You need the capability and energy to acquire and refine those resources. And you need to do it in a way that can be sustained, or at least have enough resources that you won't run out in a short period of time.

Take away easy and cheap energy and civilization as we know it would collapse. Take away easy access to water and arable land and civilization as we know it would collapse. Both of these are quite likely to happen to some degree over the next century or so.

Civilization is always 3 meals away from collapse.

Comment Re:Insightful study... (Score 1) 401

Jared Diamond has covered these issues well (particularly in "Collapse").

Jared Diamond was an optimist.

I personally am pessimistic that we will be able to avoid collapse due to the political and economic power of the elite.

There is no way to avoid the upcoming collapse. There are too many people and organizations working (few knowingly, most ignorantly) to ensure a collapse happens. Humans are terrible at any sort of long term planning, and too many are more than happy to sacrifice long term sustainability for short term profits, consequences be damned.

Our way of life is unsustainable. We know this, but no one is willing to make the sacrifices necessary to change this. Within the next century, we're going to find this out the hard way.

Comment Re:Worst Case Scenario (Score 1) 436

You wouldn't even need a nuke. A 777 (depending on model) has a range up to 9000 miles and a cargo capacity of up to 400,000 pounds. That's enough to carry 20 MOAB type weapons (each MOAB has the explosive force of 11 tons of dynamite). Airburst that at low altitude over a major city and you're going to cause plenty of destruction. Or just launch them out of the cargo hold one at a time as you're flying.

The only real trick is getting into the airspace. You can find out the transponder ID and route for a legitimate flight and fake it. You'd only need to deviate during the last few minutes of the flight to carry out the plan. By the time someone realized something was wrong, it'd be too late to do anything about it.

Comment Re:What we've learned from Bitcoin (Score 1) 221

The distributed, eventually-consistent blockchain anchored by mining works and is quite robust against attack. Nobody has yet successfully attacked the basic Bitcoin system and stolen money. So the low level technology appears to be secure.

There are a couple of unlikely scenarios where an attack could work, but newer coins also stop even those possibilities.

Irrevocable, remote, anonymous transactions are the con man's dream. Especially when they're assocated with a whole community of suckers who think anonymous anarchy is a good idea. The scam level in the Bitcoin world is huge. Over half the exchanges have gone under, and that was before Mt. Gox. Bitcoin-oriented "stocks" and "Ponzis" have an even worse record.

Poorly run operations fail. That shouldn't come as a surprise. And con men always prefer cash, which bitcoin basically acts like. When you buy something with bitcoin it's like wiring someone money. Once it's in their hands, there isn't a whole lot you can do about it if you get scammed. That's why for large transactions people will use a certified escrowing service.

Never send money (bitcoin or otherwise) to a party you do not know or trust.

Personal computers are not secure enough to store money. "Bitcoin wallet stealers" are a major problem. Many "online wallet" services turned out to be scams. Storing Bitcoins safely while still being able to use them is quite hard.

Personal computers aren't secure enough to store banking, credit card, taxes, or other financial information either. Yet we do anyway even though we're all one keylogger or screen scrapper away from having our identities and accounts sold to the highest bidder. You protect your offline wallet the same you you protect your other sensitive information: either print it out (see paper wallet) or keep your systems security up to date.

Never use an online wallet, and if you have no other choice but to use one then move money out of them quickly and keep balances small. Any such online services are completely unregulated. In fact, all online cryptocurrency services are unregulated so always treat them with caution. People familiar with cryptocurrencies already know this and act accordingly.

Volatility is far too high for Bitcoin to be a useful currency. Since last October, Bitcoin has gone from $100/BTC to $1100/BTC to $600/BTC. Daily variation often exceeds 10%. The companies that accept Bitcoin for real products have to reprice every few minutes. Bitcoin behaves like a pink sheet stock. Too many speculators, not enough real customers.

No, it behaves like an unregulated currency on an open market.

Something like US dollars are regulated and have a monetary policy through the Fed. When the economy goes screaming or slams on the brakes, the Fed can change policy and act accordingly to keep the dollar from becoming a roller coaster.

With something like bitcoin, there is no central authority. There is no monetary policy. There is no central bank to throw a cold bucket of rationality on the irrational. It is completely at the mercy of the market. There's nothing to slam on the brakes in either direction when things get crazy.

There are scaling problems. Currently, every user has to have a complete copy of the entire transaction journal back to the first Bitcoin, and has to keep up with all the transactions as they happen. The confirmation process has a 7 transaction per second limit. Confirmations take about half an hour before they can be trusted; longer during busy periods.

The newer crypto-currencies have significantly reduced the transaction confirmation times required. However, due to the nature of the system I've yet to see any way to get around requiring the copying of the transaction journal, at least with the way things are. IF online wallets could get regulated like banks, then only the online wallets would need it. However, since that isn't the case every cryptocurrency you have will require an offline wallet and a copy (though some currencies put a "snapshot" on torrents to bootstrap new wallets).

"Mining" is more centralized than expected. The original idea was that "mining" would be a spare-time activity of each user's computer. In practice, "mining" is done in large data centers with custom water-cooled ASIC chips. Two mining pools control more than half of Bitcoin's mining capacity, and they have the power to set fees and change the rules.

Thanks to the huge run up in price, bitcoin mining difficulty climbed to astronomical levels. The only way you can effectively mine for a profit now is if you have big time mining rigs at your disposal. Otherwise, it's a loss. The price spike did in a few months what was supposed to happen over the course of years.

Bitcoin behaved as intended. The market did not. You can't really fault bitcoin here.

Comment Re:Egon's sexuality (Score 1) 136

If there's a steady paycheck in it, I'll believe anything you say.

The person who wrote that line was either a certifiable genius or an authentic wacko. ;)

More seriously, this line/scene pretty much summarized the recession years of the 80's and is a pretty good summary of society in general.

Comment Re:Balderdash! (Score 1) 64

If we start taking this sort of alarmist garbage seriously...

This resource has nothing to do with "alarmist garbage". Its simply a tool that you can use to see what different levels of sea level rise does to the the planet. For example, you can set the map to 500m of sea level rise, which is well beyond what is physically possible.

That being said, insurance companies are one of the larger consumers of climatological information. And yes, if your inundation rate has gone up ten fold as compared to what it was 30 years ago (REGARDLESS of the cause), then your insurance rates will go up.

Comment Re:Not Prudent (Score 1) 378

The fact that the entire plant kingdom relies on CO2 rules it out as pollution for me. The Earth's whole ecosystem is devoted to processing CO2. It's probably the most benign thing we could possibly be emitting.

The carbon cycle is balanced. Disrupting the carbon cycle, as we are doing, unbalances the system. Claiming that adding Gt of sequestered carbon back into this system has no effect is idiotic. The carbon cycle can't handle it, hence the rise in atmospheric CO2.

As I said it's clear that will not happen. CO2 levels have risen heavily, temperatures is flat. It's clear that the levels of XO2 we are producing are not enough to cause a runaway effect.

Did you fail math? Your claim of "flat temperatures" is complete nonsense. Over the past 100 hears, CO2 has increased and temperatures have increased. I've no idea where your "flat temperatures" are coming from unless your cherry picking.

NOTHING is threatened by sea level rise of around a foot over 100 years.

I guess all those inundation maps showing greatly increased rates of flooding are not really threats. Someone call FEMA, we got a super genius here.

That is LOTS of time to adapt and shift.

Sure, if everyone were on the same page and was taking action. But when we have leaders who are legislating "this research doesn't exist because I say so" then 100 years becomes much much shorter.

We also can tell now the absurd predictions of 20 feet sea level rise are not going to happen either. Even the IPCC admits that now.

There is not now, or has ever been, a single shred of peer reviewed research that claims 20 feet of sea level rise in 100 years. It doesn't exist. It isn't there. The IPCC never said it. Climate scientists have never said it. Stop being an idiot and backing up your claims with bullshit. Read the research. Understand it. Then you'll be in a much better positiontion to make your case.

Why should we expend any effort to stop something that is not happening, when all that effort can go to fight real issues?

I really have no words for this. Only a complete fucking moron could look at the research and events that have been occurring and say that nothing is happening. Are you even paying attention?

That's the thing that tans my hide. People are expending so much effort to fight CO2 that real problems are utterly ignored.

The thing that tans my hide is when willfully ignorant idiots such as yourself make sweeping claims when every credible shred of scientific evidence shows the complete opposite. They do not understand, and don't want to understand the impacts subtle changes in climate can have on our civilization, let alone major ones. You're content just making shit up, putting blinders on, and pretending everything is just peachy. It's ignorant asses like you who get elected, piss in the eye of science, and delay taking responsible actions that could head off issues.

George Carlin was right.

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