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Comment Re:have fun protesting (Score 1) 961

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.

People can peaceably assemble, and it is as unconstitutional as it gets to make a law saying that they can't.

Google

Submission + - The Dead Sea Scrolls And Information Paranoia (itworld.com)

jfruhlinger writes: "Today Google and the Israel Museum have made the famed Dead Sea Scrolls available for online viewing. This is a great step forward for scholars and those curious about the oldest known copies of many biblical texts. But why has it taken nearly 50 years for the contents of this material to be made fully public? Blogger Kevin Fogarty thinks the saga of the scrolls since their discovery — along with the history of religious texts in general — is a good example of how people seek to gain power by hoarding information. In that regard, holds some important lessons for the many modern debates about information security and control."

Comment Re:Did I Miss Something? (Score 1) 176

It was, but it was also about the evolution of financial systems. (Most of the stuff with Eliza was about the advent of the stock market, investing systems, and banks' roles in this.) It was also about religion. And pirates. And politics. The Baroque cycle was five or six stories, each with their own themes, all weaved into one universe.

Comment Re:Metaverse (Score 1) 176

It was, and, if you read the interview, Stephenson says, "No, I was wrong. WoW is where it's at." The problem with Second Life is, once you get over the novelty of having an avatar, it's really just a huge, elaborate chatroom. World of Warcraft, on the other hand, has all of the important social aspects: communities, chat, emotes, avatars and it gives you a reason for being there: playing the game. It being a game is really a critical distinction. It pulls all sorts of people in, not just those exclusively interested in forming some sort of online community. It justifies a payment mechanism, and funds servers, development, and advertising. It gives people a common goal that they can complete exclusively in the context of the metaverse.

Stephenson got the "online alternate reality" aspect of it right way before it actually happened; he just didn't see the correlation between "expensive 3D rendering engine" and "games," because, with the state of hardware, it was way, way too expensive to even consider doing at the time.

Comment Re:placebo? (Score 1) 82

I imagine that the control would, in fact, be doing nothing for approximately the same amount of time that the other group played Bejeweled. You might want to throw in some other games or cognative activities (DOOM, crossword puzzles, Solitare, etc.) to see if the "action-puzzle" nature of Bejeweled is what causes the feelings of "sharpness," as well.
Idle

Submission + - Wild Birds Unleash Their Own Brand Of Evil (dailytelegraph.com.au)

idbeholda writes: "Apparently, talking pet birds that make their way back into the wild are teaching the flocks they rejoin some of the phrases they've learned while in captivity. One of these is "Who's a pretty boy, then?"

While this might seem fairly harmless, in reality, just reading about it leaves one with the distinct impression that a union of Alfred Hitchcock's "Birds" and John Boorman's "Deliverance" is imminent."

Comment Re:YIKES!!! (Score 1) 183

I see no reason why these things wouldn't cause visible discomfort in your face, as opposed to whatever (skin conductivity/heart rate?) a traditional lie detector measures. The whole point is to mask truths and lies alike, so there is no way to tell them apart.

Comment Re:This is bullshit. (Score 2) 331

You assert that HFT does not help the market in any way. I'd be inclined to agree, but that's really just my gut feeling. Can anyone provide any kind of source, one way or the other, saying that HFT is necessary, or good, or terribly evil? I'd like to hear what actual economists think of it, rather than just laymen.

Comment Re:Krugman is not an economist. (Score 3, Insightful) 601

What we want from a monetary system isn't to make people holding money rich; we want it to facilitate transactions and make the economy as a whole rich. And that's not at all what is happening in Bitcoin.

- that's the problem. The entire fiscal policy of USA destroys the value of savings by inflation and this is what destroys the economy.

Spending money is literally what drives the economy. Saving money in a bank does make it available for other people to borrow so that they may spend it. The "redistribution of wealth" is the benefit here, though, not the saving itself.

Bear in mind that dollar prices have been relatively stable over the past few years â" yes, some deflation in 2008-2009,

- RELATIVE TO WHAT, YOU DUMBO? Relative to other flawed currencies? :) Well, not to Swiss Franc. Not to Canadian dollar. Not to NZ dollar. Not to Australian Dollar.

Relative to the purchasing power of the dollar a few years ago. A Big Mac, or a loaf of bread, or a new car costs about as many USD today as it did a few years ago. The dollar is stable. A Big Mac costs a wildly different number of BitCoins today than it did a month ago. The BitCoin is unstable.

then some inflation as commodity prices rebounded, but overall consumer prices are only slightly higher than they were three years ago. What that means is that if you measure prices in Bitcoins, they have plunged; the Bitcoin economy has in effect experienced massive deflation.

- GOOD. Good for those who hold Bitcoins. Bad for those who hold dollars.

Good for those who hold Bitcoins without spending them. Bad for those who spent them. Pretty soon, people will realize that it makes more sense to hold onto Bitcoins than spend them, so no one will spend Bitcoins - they'll hoard them, and spend, say, Dollars instead. This weakens the Bitcoin economy, because no one is spending Bitcoins.

And because of that, there has been an incentive to hoard the virtual currency rather than spending it. The actual value of transactions in Bitcoins has fallen rather than rising. In effect, real gross Bitcoin product has fallen sharply.

- This Keynesian wants you to be poor, do you understand that?

He wants you to pay 3.50USD for your gas, and BTW, he doesn't think it's high enough. They have a target to make it much higher. But he doesn't want you to pay 10 cents for that gallon.

Absolutely. He wants you to have to pay $15 per gallon in 50 years. He also wants minimum wage to be $45 in 50 years. He wants inflation - the purchasing power of $1 to decrease - and for people to have more dollars. This is good for the economy, because it means that spending money is more sensible than hoarding it. This means that people have to keep on working to get more money, and more economic product is produced.

Comment Re:at some point... (Score 1) 205

Going broke doesn't make dumb people smarter. Especially with the app that was developed by a Dermatologist: these people are being told by individuals who represent themselves as experts that the product works. If they do a quick google search for "color light kill acne", they get pages and pages of legitimate-looking results. In the United States, we regulate medical claims specifically because it is unreasonable to expect everyone to hold the level of expertise that would allow them to determine the validity of such claims.

Allowing fraud wouldn't necessarily result in a smarter population, but it would provide a financial reward for being a more clever fraudster.

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