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Comment: Re:bit coin doesn't solve the strategic issue. (Score 1) 355 355

You can default the external debt. Really, it isn't that bad. Creditors will of course try to scare everyone away, but the truth is, it's just the investors trying to get their money back ASAP.

A default is just "i can't pay now, i'm working things out". Creditors, sooner or later, get paid. The problem is that this credit is usually "big league" 10, 20, 30 or 50 years. Which is typical for a large international bank, or credit organization (IMF, World Bank, etc).

So when you're a small guy who saw a 300% return rate in a small period, of course you will get mad. But it's YOUR fault: if the country is paying out such high interest, there is something very wrong and you should walk away. At that point, it's gambling, not investment.

Comment: Re:Austerity or... (Score 1) 355 355

None of the 3 you described. Only a Sith deals in absolutes. Normal people reach a middle ground.
See Argentina's economic crisis of 2001-2002 to see what hapens with Greece: a combination of Default (without civil war), debt restructuring (or writeoff as you called it), and lots of inflation to cover salaries.
And just like in Argentina: it ends up bad 10 years later with "free money" for government.

Comment: Re:bit coin doesn't solve the strategic issue. (Score 4, Insightful) 355 355

It would allow Greece to freely print money as it needs. Thus, trading "debt" for "inflation".

This is what Argentina did back in 2001. We had our money at a fixed rate of 1 USD = 1 Peso. The country could only have as many pesos as we had dollars in the central bank.

In 2002 we exited this scheme and made the Peso a floating currency. This allows the government to print as much money as they need to pay public employees and local suppliers.

Is it a good solution? Yes BUT temporarily. You can live with inflation for a few years if you do things right, and use that opportunity wisely. Create industry, lay off government workers, and basically allow things to take their course.

The problem is that Argentina has been abusing this for 12 years now. Instead of getting rid of government workers, they're taking more. They're also nationalizing railways and airlines (Aerolineas Argentinas operates at a loss of $1M a day). Instead of incentives for new jobs, they're giving away money to unemployed in "social plans".

Reading the comments about Greeks I'm guessing they will do exactly what we did: Exit the euro, devaluate, cover salaries by printing more money. Take the unemployed into government jobs. Forbid utilities from increasing their price (but giving them "subsidies"). In 3 or 4 years Greece will be a FINE place to live. You'll see a lot of expensive cars in the streets, lots of new buildings, overall support for the government. The president will be re-elected with an overwhelming majority. And in 10 to 15 years Greece will be struggling again. How do I know? Because as an Argentinian, this is what i live with every day.

Comment: Re:bit coin doesn't solve the strategic issue. (Score 4, Interesting) 355 355

What the hell are you talking about?
Argentina was in much worse shape than Greece in 2001. We restructured our debt (basically: screw you i ain't payin that). And guess what? We can get loans.

At a ridiculous >10% annual rate, while our neighbors get it for less than 3%.

But we can get loans. Never underestimate the greed of capitalists.

Comment: Re:why not crack down on the rioting protesters? (Score 1) 176 176

libertarian OP only sees only "it's cheaper for me" and not the big picture.

they will also gladly avoid paying taxes by using an illegal service or by buying a black-market product, simply because they don't believe taxes are moral - so they don't consider it illegal or immoral to avoid taxes. I imagine this kind of people representing themselves in front of a judge (to cut on the "middleman" lawyer) telling the judge that, and expecting a ruling such as "you know what? you're right. good job OP".

libertarian OP will cry rivers and demand regulation the day H1B workers replace his programming job by an indian that will work for 1/10th his salary.

Comment: Re:Deeds speak louder than words (Score 1) 368 368

The phony that hugged "Madres de Plaza De Mayo" leader in U2. Mothers of Argentinian terrorists "disappeared" in Argentina in the 70s after bombings, killings and even trying to set up an independent republic inside the country. The same Madre that's under investigation for corruption and who founded a private university, now in debt, that she wants the state to take care of.

That phony.

Comment: Re: Absence?! (Score 0) 595 595

Dear Fucking Idiot:
1. the "address space" cannot be "EXPANDED" as the size of the address is A FIXED LENGTH RECORD IN AN IP PACKET.

But... ALAS! An IPv6 packet is -- GUESS WHAT: AN IP packet with MORE ADDRESS BITS. The rest is the same, like you're still a fuckin idiot.

2. Yes, if you're a network admin THAT'S YOUR FUCKING JOB and if you're a home user WHAT'S THE FUCKING PROBLEM? If you're using static addressing i feel bad for you son. Learn DHCP, DHCPv6 and SLAAC properly.

3. OH BOO HOOOOO SO MUCH WORK TO DOOOO

Mirrors should reflect a little before throwing back images. -- Jean Cocteau

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