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Comment: Re:Bailouts for them, crumbs for us (Score 0) 246

When you have more dollars chasing the same limited supply of goods, prices will rise. This isn't "sociopathic", this is fundamental supply and demand. Lets take a town of 1000 people who all just recived their cheque for $1M, they all decide to go and buy one of the 10 available $100k Telsa's in town. Since there are only supply does not meet demand, prices will rise, even if it's people offering $200k, or $300k or $1M to purchase one of the limited vehicles.

Comment: Re:Yeah... (Score 1) 273

by kellymcdonald78 (#46586499) Attached to: IRS: Bitcoin Is Property, Not Currency
That's ok, the IRS will just get the list from the NSA. Seriously however, many jurisdictions are now requiring exchanges to collect personal information on their clients in order to comply with anti-money laundering regulations. As well, legitimate businesses will track their transactions because the last thing they want is an IRS audit. If Bitcoin continues to grow, expect the amount of regulation around it to grow as well

Comment: Re:Just like where I work ... (Score 1) 172

So in order to force the government to change their procurement processes, all we need them to do is change their procurement processes (to impose the grave consequences needed to drive companies not to bid on anything, so government will change their procurement processes). This would also mean that government procurement would grind to a halt for several years as they develop these new procurement procedures. (Hope their stocked up on pens and paper) There is a difference between advocating that everyone "keep doing everything the same thing" and pointing out the flaws in your simplistic idea to "fix" the problem. I don't think anyone denies that government procurement is a trainwreck,

Comment: Re:Just like where I work ... (Score 1) 172

Ahh, so your "solution" is either that no one should bid on a government contract, ever... or, deliver a car with square wheels and no steering wheel.. gotcha "Telling the customer" also doesn't work in government, because you arn't allowed to "talk to the customer". In order to ensure "fairness and transparency" you are only allowed to talk to a procurement officer who knows precicely zero about the project in question (They do however know everything about government procurement procedures and rules). You've also proposed a classic prisoners dillema situation. Sure, if no one bids on any government contract, then eventually someone might try to fix the god foresaken world of government procurement, however if just one person bids, they win the contract. So all we need is perfect collusion between all government contractors not to bid on anything

Comment: Re:Just like where I work ... (Score 2) 172

Obviously you've never been involved in a government contract. Often, one of the biggest reasons for cost overruns is because the government has no clue what they actually want and then change their mind on a daily basis. In some cases the government spends years (yes years) putting together the requirements for an RFP and after submitting several 1000's of pages of response material, interviews, shortlisting, etc, etc, etc. Some company is awarded a contract. Then the fun begins, because most of the requirements are out of date, were written by somone who had no idea what they were asking for, or are missing critical pieces of functionality or details. As a result the requirements gathering starts all over again, and then the costly change order process starts.Then you find out you need to integrate with a 35 year old Wang mainframe that runs some weird esoteric algorithm that no one alive understands. Then they decide your project has to comply with some new reporting requirement that adds hundreds of people years of effort to your project. Your "simple" solution, assuming anyone would ever bid on a contract that could resulting them in "forfeiting their company", would result in the delivery of a car with square wheels, no steering wheel and only capable of running on leaded gasoline, however fully complient with the "terms" of the contract

Genius is one percent inspiration and ninety-nine percent perspiration. -- Thomas Alva Edison