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Comment Arguing from fictional evidence (Score 5, Interesting) 107

To further investigate the phenomenon, the researchers conducted two online experiments involving more than 6,000 participants. In the first experiment, participants were asked to imagine having a given amount of discretionary time every day for at least six months.
[...]
In the second experiment, researchers looked at the potential role of productivity. Participants were asked to imagine having either a moderate (3.5 hours) or high (7 hours) amount of free time per day

They sure seem to be relying an awful lot on asking people to imagine how they would feel about certain amounts of free time. Which isn't strong evidence about how they would actually feel in the event. I know I can certainly imagine a lot of people failing to fully conceive of how they might find new and enjoyable ways to use free time that they don't currently have -- although no-one surveyed me for a study on that, so don't expect "Study links limited imagination to silly answers on surveys" as a headline any time soon.

Comment Re:Price != Liquidity (Score 2) 177

"There is no cashing out now. There is no legal way to process cash withdrawals. Coinbase is about the only one left that *might* allow cash withdrawals but then regulators and LEO will be crawling up your ass."

Man, there's a lot of ignorance on here. There are literally 10 exchanges in the US you could use to legally withdraw cash. Why would regulators or LEOs be on you? I declared it on my taxes and paid my daughter's tuition. No problem. No regulators or LEOs involved at any point.

Comment Re:Still thinly traded. (Score 1) 177

What are you talking about? People constantly trade 10 or even 50 bitcoins in a single trade all day long. I've even seen 100 at a time on occasion. You can set a limit and wait or trade into the market immediately and you can see ahead of time exactly how far into the market that would take you price-wise. So you would have a pretty close rough idea how much you would make (of course that can change in the split-second before you hit the button like all trading platforms, but shouldn't change much).

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