Paul Otellini: Intel Lost the iPhone Battle, But It Could Win the Mobile War 116
from the learning-from-mistakes dept.
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No Religion is the simplest and laziest method for giving some purpose.
I agree with you pretty much completely, but you have to admit, it's still an effective package. You can dislike something and still admire its ability to perform some task. It's the kind of respect that an atheist who works for an advertising agency might have.
Really? A dollar is only worth what you can buy with it. It can become nearly worthless overnight. It is only paper and your faith in it is all that gives it value.
That's a foolish and tired cliche. It has centuries of history.
Tell me, in your lifetime did the USSR or the Berlin wall fall? Even if not, can you please inform me how such events affected the currencies involved?
For someone who cites history, you've little respect of it.
The Soviet ruble was converted at varying exchange rates to the new local currencies.
The eastern mark was converted to deutsche marks.
A better example would be Zimbabwe but even that didn't happen overnight.
I'm not arguing against diversification here, I'm just arguing that the USD would take a lot of work to be rendered worthless. (understatement of the thread right there)
Really? A dollar is only worth what you can buy with it. It can become nearly worthless overnight. It is only paper and your faith in it is all that gives it value.
That's a foolish and tired cliche. It has centuries of history. People realize that society would collapse if we just gave up on the dollar overnight. I'm no fan of our current president but I certainly know that the checks and balances in our system would make it virtually impossible for his administration to ruin the currency. (fears which propped up gold) There is apocalyptic military might backing it up. People have been making that argument since we went off the gold standard (not the first time in U.S. history, btw...was a common practice during wartime) and most realize these things (at least subconsciously) and rest easy that their fellow citizens will not allow the economy to spontaneously combust and return to the barter system.
Unless you're a college student who is just waking up to how the world works, it's ridiculous to make that statement. Adults will simply reply: We know, and we don't care.
Why blame the victim? The rise and fall in price (PLEASE, not "value". There's a difference, you know) is due to speculation, not to the currency itself. Dollars, euros and other fiat currency are just as vulnerable.
Once again, the pro-bitcoin problem takes a massive problem and attempts to diminish it. The combination of unregulated markets and deflationary currency creates a huge problem with regards to human nature. If we were all robots and behaved how the currency wants us to, it wouldn't be a problem. But we're not. We will speculate. We will hoard. We will look at the currency late and go "fuck you, I'm not going to make the early adopters rich" which was one of the flaws of the original design. The problems with Bitcoins and its alternatives was in the design phase. I'll be the first to admit (as a certifiable hater) that it was brilliantly engineered, from a technical standpoint alone. It was poorly socially engineered.
sadly we might need some entity with a record on privacy (i.e. EFF) to regulate a currency similar to a fiat for some of the benefits of Bitcoin to be in a future viable currency, but sadly EFF is in love with Bitcoins. I guess part of the reason I'm a hater is because Bitcoins are holding back the alternative(s) we truly need.
Please, won't somebody tell me what diddie-wa-diddie means?