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Comment Public vs private funding models (Score 5, Informative) 113

Funny to see this today, given today's news up here in Canada.

"Private enterprise is more efficient!" go the cries of the free-market absolutists. The question is, more efficient at what, though. Because here it seems telecoms are optimized to extract maximum dollars from the population, which is not something the citizenry wants out of basic infrastructure.

Comment Re:The Bitcoin challenge (Score 1) 326

"No true investment....." If you know how to do it, then it's a way to make money. Blackjack and poker can make plenty of money in a casino. Not my idea of fun, but if you were willing to put in the effort. There are people who know how to make money from bitcoin now in its current state, I am not one of those people.

Comment Re:The Bitcoin challenge (Score 1) 326

Here's the thing though: The naysayers were right.

No they were definitely not right. At minimum, by listening to them, I missed out on some fun.

In any situation there will be nay-sayers.If you always listen to them, you will never make any money. Likewise, in any situation, there will be 'yay' sayers. Again, if you always listen to them, you will never make any money. In both situations your money will eventually be worthless, either through inflation or multiple bad trades.

If you want to make money, it is incumbent upon you to figure out what is a good investment and what is not, ignoring sayers.

Comment Re:Trump takes our money. What's the difference? (Score 1) 534

I agree with your analysis. I used to blame either Republicans or Democrats (variously at various times) but now I just see them as a reflection of the electorate. If we want better politicians, we need a more informed electorate.

(vaguely on topic: another one that bothers me is people who oppose or favor something based on "We need more regulation" or "We need less regulation!" That's a real false dilemma)

Comment Re:Warren is right and wrong.... (Score 1) 326

Bitcoin will never get there: the transaction volume will never be high enough. It will only be used as a transaction method for people who are willing to pay a high enough fee.

The Wall Street Journal pointed out that people in underdeveloped countries are now using it as a store of value since their own countries' currencies are so unstable.

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