go home Sean Young, you're drunk
That was my immediate thought. Any decent system needs to ensure that it isn't running at a loss. To make that happen, they need an accounting system in place.
Rather than a loss, they managed a significant profit. The profit didn't go to the company.
I've seen lots of affiliate systems (sign up for a sight, the referring webmaster gets x%). In the adult industry, it's called shaving. The referring webmaster has a percentage of their sales (I've seen up to 25%), where it isn't recorded that they got the sale. Instead, it is credited to another account. The owner of the system doesn't always know. They see sales come in. They see payments go out. The shaved sales go to one of the developer's accounts (usually to a difficult to trace 3rd party).
If I were the developer, I'd have a friend in another country set up his affiliate account. The "lost" sales get paid out to him. He keeps a percentage, and pays me the rest. It can be very difficult to trace until there is a code audit. The audits don't usually come until the boss knows there's something funny going on. As long as the boss is getting a large profit, they have no reason to audit.
In the rest of the corporate world, it's skimming. Accountants can make it look like the missing funds are going to nondescript costs.
In both skimming and shaving, it becomes obvious when the person doing it gets too greedy. Like, it's difficult to justify that $1M/yr goes to miscellaneous custodian costs. And yes, I've seen exactly that, in a company that only made about $3M/yr profit. Sometimes it goes to consumable costs. It can be tricky to track if they're smart. When they get greedy, smart falls out of the equation.
You need to read up more on economics. Maybe swing by a local college and audit some economics courses.
No, most (all?) of the current in use today is backed by nothing. Well, nothing more than the idea that it's worth something.
I have a $20 bill in my pocket. It's not worth anything. There is a perceived value of it, so I can exchange that piece of paper for goods and services.
If it were backed by anything, there would be an obligation by the issuing party to exchange it for the commodity it was backed by. You can't go to the federal reserve and say "I want to exchange my $20 note for $20 worth of gold". Best case, you'd get a smile, pat on the head, and be sent on your way.
We effectively work with a bartering system. The perceived value of one service or object, for another. You can barter drugs, ammunition, or sex. That doesn't make any of them a currency, even though they'd each be good examples in your description. Actually, I think I like my examples better than the ugly paper in my pocket.
Or, better yet, raise enough money to fix a real problem.
In Japan, MtGox is not liable because bitcoins aren't money
Couldn't one say the same about most any fiat currency
No. One couldn't. You see, a fiat currency, that is, a currency by fiat, is money by law. In fact, "currency by fiat" and "money by law" consist of a sequence "X by Y" where X is represented by synonyms of the same concept ("money", "currency") and Y is represented by synonyms of the same concept ("fiat", "law")
Right wing affiliation? Are you kidding? That gets you audited these days - look at Dr. Ben Carson as an example.
(inane, clueless trashing of conservatives removed)
If it passes constitutional muster (which the ACA HAS), it is not "tyranny of the majority," it is simply a law YOU don't agree with.
Actually, some parts of it have been upheld by the Supreme Court. Barely. But it's not a tyranny of the majority because the majority of the people in this country are against it. One party pushed it through and now they're delaying parts of it to help stave off losing a lot of elections later this year.
GPS tracking of the flight? Unlikely. Flight arrival information was likely taken off an ATC feed from secondary surveillance radar.
When they are Welsh. It's a common idiom amongst the Welsh to say things like "And there it was! Gone!"
You're not going to fit it to a C172, though. Small GA planes don't have a requirement for a flight data recorder and many other things a large airliner must carry.
Only once ever have I been to a dealer for parts (and never again). Common service items such as oil filters, gaskets and various other bits and pieces can come from any generic parts store. Anything else can be found via some shop on the internet (and for older cars, the scrap yard will usually yield a spare in good condition - when I owned an older car, my parts needs were nearly always fulfilled by the local scrappy)
No offense to you or your coworker, but is there any reason to accept your theory just on your say so?
(And your sig is accurate, btw)