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Comment: Mine does. Somewhat. (Score 1) 572

From looking at certification chains, I can see that my employer (a state government) MITMs Google (even though GMail is blocked), and probably other sites that I haven't noticed, but they do not MITM banks, at least not the two I visit occasionally from work. I haven't done much investigation beyond that.

Comment: Re:Wake me up when ammo can be printed (Score 1) 521

by Will_Malverson (#43789775) Attached to: Working Handgun Printed On a Sub-$2,000 3D Printer

Honest question: I can buy powder-actuated tools here in the States. That is a powerful nailgun or similar tool that uses a small gunpowder charge to drive a nail into concrete, brick, or the like. Do you have anything like that in your country? Because the charges are basically super-low-power bullets without the lead part.

Comment: Re:Until they hit the max number of bitcoins (Score 3, Informative) 595

by Will_Malverson (#43449551) Attached to: Is Bitcoin Mining a Real-World Environmental Problem?

No, the bank can loan out 95 strawberries. If those 95 loaned strawberries are deposited in another bank, that bank can loan out (95*.95) strawberries. If those strawberries are loaned out, and deposited again, now we're up to (95*.95*.95) strawberries, and an equal number of strawberry IOUs. If this process happens an infinite number of times, eventually the number of strawberry IOUs will be 2000. But every single deposit or loan will have involved a real strawberry.

Again, the government actually can create fiat currency by taking a piece of paper and writing "$100" on it, but fractional reserve banking always balances inputs and outputs. And despite what somebody upthread implied, it's been around since the middle ages.

Comment: Re:Until they hit the max number of bitcoins (Score 4, Insightful) 595

by Will_Malverson (#43448493) Attached to: Is Bitcoin Mining a Real-World Environmental Problem?

It's not quite that simple. Fractional-reserve banking creates promises of money out of thin air. You can do fractional-reserve banking with gold coins, barrels of oil, strawberries, or any other commodity.

Even that's not quite fair to say, because every promise of money created is created at the same time as a right to future money, so the total net amount of money isn't changed.

Many people get f-r banking and fiat currency confused.

Comment: Re:Just what we need right now... (Score 1) 582

Over the course of the 20th century, something like twenty million Europeans were murdered, mostly by their own governments.

In that same time frame, something less than one million Americans were murdered, mostly by fellow citizens.

If American-style gun ownership had reduced state-sanctioned murder by just 10%, even at the cost of creating American-style private murder rates, Europe would have come out ahead on the deal.

Comment: Re:Tax records (Score 0) 344

I don't know how it works over there, but in the United States, this would result in rich people being unable to drive a car without half a dozen cops following them and watching their every move, while poor people driving at 90 through a school zone would be utterly ignored.

Also, if I were a sufficiently rich person, I could hire a poor person to drive me to work. I could cut my commute time in half!

Comment: So, whiners... (Score 1) 722

by Will_Malverson (#36770830) Attached to: Netflix Deflects Rage Over Price Increase

...would you be willing to keep your old price, in return for only being able to stream stuff that was available for streaming on January 1, 2011?

They've been constantly adding new content (all of Star Trek!), and that ain't cheap. Netflix streaming has gone from being the last place to squeeze a few extra pennies out of old shows and movies to being the go-to place for anything but the latest entertainment.


Supermassive Black Hole Is Thrown Out of Galaxy 167

Posted by samzenpus
from the moving-to-better-quarters dept.
DarkKnightRadick writes "An undergrad student at the University of Utrecht, Marianne Heida, has found evidence of a supermassive black hole being tossed out of its galaxy. According to the article, the black hole — which has a mass equivalent to one billion suns — is possibly the culmination of two galaxies merging (or colliding, depending on how you like to look at it) and their black holes merging, creating one supermassive beast. The black hole was found using the Chandra Source Catalog (from the Chandra X-Ray Observatory). The direction of the expulsion is also possibly indicative of the direction of rotation of the two black holes as they circled each other before merging."

If bankers can count, how come they have eight windows and only four tellers?