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Comment Re: We abandoned real value (Score 1) 231

There is real innovation happening in the space, and as it all transforms from pure speculation into tangible, useful applications and assets, prices rise.

The biggest current (last couple of years) price rises have been in Bitcoin, which is over a decade old now. Since it has been around so long, but the price is still going up a lot, presumably that is happening because of "tangible useful applications". So what are those applications? As a currency it has stalled, not least due to price volatility. Despite occasional bursts of announcements of retailers accepting Bitcoin, the number of retailers actually accepting Bitcoin remains very small, and often quite niche. Bit coin is not taking over as a currency. How about Bitcoin as a means of fast, easy, cross border money transfer (remittances). In the early days of Bitcoin is was widely touted that Western Union was going to get crushed by Bitcoin. It turns out Western Union is doing just fine. And over the major money transfer corridors WU fees are often lower than Bitcoin. Other major remittance agencies are also doing just fine using traditional methods. If any service is getting squeezed out of the remittance industry it is crypto ... fees can be larger, money often still needs to be exchanged from Crypto to local currency with all kinds of associated other costs, and so on. How about "digital gold", a hedge against inflation? It is not clear Bitcoin is really doing any better here, and assets and investments to hedge against inflation is a pretty huge market; Bitcoin has very limited appeal over all the other options available. So again, what are the magical tangible useful applications that make Bitcoin so very valuable? It's been a decade, but there still isn't anything to show ...

Comment Re:On payments I fully agree (Score 1) 48

New to Apple are we?

"The fact is that all the arguments against sideloading and against third party payment processors are both logical fallacies and bootlicking bullshit. Apple has sold you a bunch of provably false information and you've bought it, and are now holding your hands over your ears and shouting LA LA LA"

Comment Re:Critcism (Score 1) 169

Bitcoin is cheap: It's worthless as a currency!
Bitcoin is expensive: It's a bubble!
Bitcoin prices are volatile: It's useless as a currency, it's too volatile!
Bitcoin prices are stable: It's dead! Nobody is buying!

The first mistake is evaluating bitcoin by its "price". Assuming the key is that it is a currency the real question is the volume of actual transactions going on in bitcoin.

What is the amount of good purchased with bitcoin? It certainly isn't huge. How about remittances? Money transfer was one of the big use cases. It turns out that, despite a lot of hype and years to make a difference, bitcoin in particular and crypto-currencies in general, have made practically no dent in the remittances market. How about total volume of transactions? That's certainly higher, but how much of that is speculation trading based on the price of bitcoin? Hard to say, but surely we would see higher amounts of goods purchases and remittances if it really mattered.

So, instead of looking at prices, if we look at utility how is bitcoin doing? It's been a decade and it still hasn't had any significant uptake as currency -- not on any scale that justifies the hype anyway. Might it still be useful and gain traction in the future? Sure, it's possible. But the outlook isn't that great.

Comment Re:Spot on... (Score 1) 270

No C++ is crap.

I used to write C++ until about 2001. Then I switched to C# and Java and now only Java. Ok do some Python, and Javascript, but I digress. Around 2005 or 2008? I decided to write some C++ code and there was this really weird bug. Namely I was returning a value and it would keep erasing itself and causing a GPF. I thought, did I declare the return value in the function stack? I looked and looked and could not figure it out. Well I did figure it out several days later.

Apparently between the time of this code and 2001 C++ decided to add the copy on return or something like that operator. And in this case my value was a template type which did not implement that operator. So the value was copied into nothingness.

I thought are you fracken kidding me? Have not looked at C++ since because any language that does that is really dumb!

Comment Re: Ass biting regulation (Score 1) 251

There are all sorts of restrictions to keep small players from taking money from the big players. They're always touted as tools to keep the ignorant safe, or to keep the market stable.

To be fair many of the rules and regulations did develop to make investors safer, or keep stability (just look at the fraud, shading messes and instability that has occurred on some of the crypto exchanges, especially in the early says, when there were few if any rules or regulations).

The problem comes from the fact that the big players have full time jobs and and billions of dollars to pick apart the rule book, split hairs, find loopholes, and dodge enforcement, so that, one way or another, the rules don't apply to them. The little guys, well they have actual jobs, no time, and little money, so they have to just follow the rules.

Comment Re:In other words (Score 2) 276

The other part of the lag in death figures is reporting lag -- it takes a while for death certificates to be filed, numbers to be collated at the county and then state level, and finally passed up to the CDC and other organisations tracking such things. In practice that can be anywhere from several days, to a couple of weeks and varies state to state. All up that probably adds another week of so to the lag, but with pretty high variance.

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