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Comment: Re:'Hidden city' explanation (Score 1) 126

by nedlohs (#49597841) Attached to: Judge Tosses United Airlines Lawsuit Over 'Hidden City' Tickets

No it's not. Hidden city is wanting to go from NYC -> Chicago and instead buying a ticket from NYC -> LA that just happens to have Chicago as a stop. Chicago is the "hidden city" that you want. You know exactly what the GP said.

Of course there's the risk of flight cancellations resulting in that flight getting cancelled and the NYC->LA people being rebooked on a different flight that doesn't stop in Chicago.

Comment: Re:Twisted perception (Score 0) 184

by nedlohs (#49583521) Attached to: How One Tweet Wiped $8bn Off Twitter's Value

And if gold is only useful in gigantic transactions far above the amount of cash most people can afford, what's the point?

The point is all the things you didn't like in the rest of our post.

Basically that governments can't increase the money supply arbitrarily.

You are of course free to think that government should be able to do exactly that. That doesn't change what the point of a commodity currency is.

Comment: Re:Twisted perception (Score 0) 184

by nedlohs (#49581723) Attached to: How One Tweet Wiped $8bn Off Twitter's Value

Fiat doesn't mean arbitrary. It means what it says: a currency in which the value of each currency unit is simply declared by fiat. As opposed to a commodity currency in which the value of each currency unit is simply the value of what it is made of.

Nothing says you can't have inflation in a commodity currency (gold from the new world famously did so after all) or deflation. Nothing says the "value" is constant or not arbitrary or anything different from the perceived value. But it certainly isn't fiat.

And there's no such thing as "not enough gold". If you moved the world to a gold standard overnight and we pretend that the world economy doesn't collapse then there's enough gold - the value of gold relative to everything else sky rockets of course. And you use a use a representative currency not actual gold coins of course.

Comment: What an idiot (Score 0) 354

by nedlohs (#49570569) Attached to: University Overrules Professor Who Failed Entire Management Class

Obviously the university is going to overrule that - there's going to be some students who aren't part of the behavior he doesn't like and doesn't have the basic skills to deal with.

Give 0% marks to those that cheat. Set a hard final exam. Fail most of them the correct way.

But of course really he just didn't want to teach the class anymore and this forced the university to find someone else to take the class.
 

Comment: Re:Count cards (Score 1) 89

Maybe you should work out that there not all card games are blackjack. There are no revealed cards that are then hidden before a reshuffle in a texas hold em game, so there is nothing to count. Seven card stud, as one example, would be a poker game in which there are such cards - but such a small number that all the player's (well or the ones who can actually play) remember them.

"Just think, with VLSI we can have 100 ENIACS on a chip!" -- Alan Perlis

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