Many people feared that the market and demand for Bitcoin could not satisfy 30,000 or ~18 million dollars worth of coins being liquidated within a single day. Instead this auction proved both liquidity, fungibility and that their are many institutional investors sitting on the sidelines waiting to invest in Bitcoin but are looking for opportunities like these in order to invest in large sums of bitcoins.
So? The same was true of stock certificates of worthless companies during the dot com boom. The same huge "institutional" investors were lining up paying exorbitant sums for pieces of paper with no intrinsic value.
I'm not saying bitcoin is worthless, but temper your enthusiasm based on where investor money is going. Remember, there aren't many bitcoins, less than 13 million total as of today. News media has brought a lot of speculation from the class of slightly more educated investors, typically upper middle class folks. Even if a tiny fraction of the world wanted just one bitcoin, it would be enough demand to drive up prices very high.
No, I think the big problem is that the only people buying them are holding them, expecting them to be worth more in the future. There is no driver for higher demand other than more profit seekers willing to pay a higher price.. it's not that good as a currency. Investments like this, by and large (we don't know what will happen), do not turn out good.
my credit is sooooo bad I destroyed it when I was 18 and got sued by banks which I never showed up or paid and since I own no assets they wasted money suing... Now I'm in my 40s
This doesn't make any sense, but I suppose it goes to show the state of financial education folks have in general.
Didn't you know nothing stays on your credit report longer than 7 years, including bankruptcies and delinquent loans? Only if you've paid part of them can it stretch longer and from the sounds of it, you did not.
You have bad credit now because you have no credit now.
Why does an open-source project need to spend thirty million dollars promoting a "brand" most people are already fully aware of?
Why does Coke spend far more than that on all sorts of TV commercials when everyone obviously is fully aware of their brand? Advertising works, and gets more people familiar with and using your products. If this is a goal of Mozilla, this is not an outrageous expenditure depending on how they calculate return.
And why does it cost $150M/year to work on a browser, email client, and some dev tools? They have 650 or so employees - assuming every single one was a developer, they're spending $230,000 on each one
Is this somehow shocking for onshore/local resources? The IT shop I managed at, I always estimated each full-time senior as costing about $250,000 a year. They didn't make nearly all of that, but once you factor in office space cost, training, pension, benefits, savings plan, bonus, etc., etc., the cost escalates over $200k very> easily, and this is nowhere near silicon valley.
You whine and moan about them trying new things, but why not? Don't they have employees that want to try new things, learn new stuff? Who says they have to remain doing the same old thing forever? That's how you become irrelevant in your market, and like it or not they are fighting for marketshare. Your arguments make no sense.
a bill to ban rental cars
I'd just like to point out I incredulously followed this link to find out more, and it turns out the bill is actually banning rental of recalled vehicles that were illegal to sell in the first place. The article states "..current law prohibits car dealerships from selling recalled vehicles to consumers, no law bans rental companies from doing the same or renting them to unsuspecting consumers".
Bad law or not, I'm just sayin'... the actual bill was far different from the words you cherry-picked for an inflammatory response. Leave that to big media.
Having worked in an MS-based company for a few years now, data in SharePoint is much, much better than data in Excel, most of the time. With SharePoint, at least there's a known web service interface to query the data and it's container. It can be extracted to excel in a heartbeat, or queried by reporting services. In short, it's far more accessible to my team of developers, regardless of it's other failures. Isn't that one of the most important aspects of data anyway, being able to get at it?
Moving to a full powered relational database solution (SQL) is EXPENSIVE! To do it well you need to design interfaces to the data, testing cycles, yadda yadda - it's a full software development cycle anyway. SharePoint is a reasonable first step up from Excel for those not dealing with huge amounts of data, mission criticality, or who don't have a lot of money to build an application to replace their spreadsheet. Using it where it does not make sense is like any other case of using the wrong tool for the job in IT, it will leave you frustrated to no end.
Why wouldn't the company, if it saw itself getting close to losing, simply withdraw and sell it's "assets" (patents) to some other shell company and simply start the game all over again under a different entity?
Not only is the anecdotal evidence pretty strong, but now we have scientific evidence: we've burned so much gas in so many combustion engines over the past century we can now measure the effect or "leftover" from that at every corner of the globe. The science tying climate change to anthropomorphic means however, is far from bulletproof and the report itself cannot say it is anything more than "likely".
I think it's obvious humanity now plays a significant role in the carbon cycle. Plant life has been robbing the atmosphere of carbon for millions of years, and for all I know humans are just another counterbalancing act of this earth intended to dig up what plants buried and start it all over again.
In terms of it's effects, I, and most of those around me, could not give a rat's ass. I live in a cold climate - we just had one of the most mild, warm, enjoyable Septembers I can remember in my life. If we're going to chalk up all the weather incidents as anecdotal evidence of climate change, I'm going to start touting the positive aspects. For those folk living on coastlines, too fucking bad. You should have known damn well that rising or lowering sea level was a risk, and you should probably be thankful you haven't had one of those instantaneous sea-rise events (aka a tsunami) wash your ass away already. The nice places to live on this planet are shifting, and the miserable long winters most places on this earth have to endure are disappearing - deal with it. The only people I hear complaining are those with the most in terms of $$$ of real estate value to lose.
I find the predictions of more severe weather events disingenuous. We've always had severe weather events, and making sure those don't kill us all is what we should be planning for. To those shouting doom and catastrophe over small rises in global temperatures, you just sound silly.
I chose plastic because our new bills are made of a plastic polymer, and I've found it's far superior to the old paper notes. I think most countries have found this as well.
There are already carbon sequestration projects underway in Alberta that expect results within the next two years.
You claim there is some impending or inevitable catastrophe - what is it? You don't know anything, and all we know is the global temperature is increasing.
I realized something this weekend, out enjoying a beautiful mid-September day, that ultimately even knowing global warming to be true, a large amount of people simply will not care.
We will continue to get weather disasters, but you know what, they're really no more frequent than before. People have short memories. And know what? This is where people as a community adapt. We move communities further from flood zones, or we build office towers that can withstand earthquakes. We know how bad hurricanes can get and learn immensely from each disaster. We've been adapting to catastrophe for centuries.
The other, perhaps less talked about reason, is the net effect for a large amount of people will be more positive. In my area, rarely have we had such beautiful weather into September. We have to deal with a lot of long and harsh winters, so a longer summer or more mild winters would be fully welcomed. Sure, this really sucks for people living in some areas, probably along the oceans. Oh well, you've been living a lot of nice mild days while we toughed out winters inland. Sucks to be you, as with most things on this planet. You'll move when shit happens, even if just slightly inland, as people have been doing for our entire history.