Slashdot is powered by your submissions, so send in your scoop


Forgot your password?

Comment Re:And? (Score 2) 262

Seeing that a reasonable amount of your rant was about the Israel-bans-thin-models story:

Note the Israeli law on thin models ONLY applies to females.

According to abc new, the law "targets adults in general, [but] it is clearly aimed at female models."

(I think that law btw, while possibly well-intentioned is not thought through & impossible to enforce.)

Comment Re:Why anyone would think this is a good thing (Score 1) 339

I think you are vastly overstating the deflation rates likely to be seen with Bitcoin. Once new bitcoins stop being generated, the deflation rate will equal the growth rate of goods and services paid for using bitcoins plus the natural loss rate of bitcoins.

Because the number of bitcoins will be (essentially) fixed, every additional credit that needs to be represented will require a corresponding reduction in average value of a bitcoin to allow the sum total of all bitcoins to be large enough to cover that additional credit.

Add into that the natural loss of bitcoins to things like forgotten passwords, deaths while holding bitcoins that cannot be recovered, loss of computing equipment, hard drive crashes, etc, and I think you get the total deflation rate of the currency.

Normal economic growth is something lie 2% - 7% per year isn't it? So let's assume that deflation due to economic growth is 2% - 7% or so. Now add in the deflation due to loss - 5%? - and you get a deflation rate that caps out in the low teens.

This is quite a bit less than the 50% deflation rate that you cited, and the economic effects are considerably easier to bear.

Essentially under bitcoin all goods and services become very similar to rapidly-improving technology products - say, iPhones. People decide to spend $200 on an iPhone this year and then a year later they find that they could have either gotten the same iPhone for 50% less had they waited, or complain that if they had waited they could have gotten a much better iPhone for the same $200.

This is very similar to how all goods and services would seem with a deflationary currency - you'd always have to balance the current value of the good or service versus the future value of the currency you are spending it on. This doesn't mean that nobody would spend bitcoins or that it would be so onerous to do so that people would nearly starve themselves to death rather than spend a coin. It just means that there would be a little bit more care put into purchasing decisions - just like people put more care into deciding when to buy their iPhone than when to buy their $200 pair of sunglasses.

Would a world where everyone thought much harder about how to spend their money wisely, and correspondingly were less incented to spend and more incented to save, be a bad thing? I doubt it, but then again, I don't think we'll ever know. Certainly bitcoin isn't going to achieve the level of success necessary to test these waters, but this is for technical reasons (I've written at length in the past on the technical problems built into the bitcoin protocol - in short, it requires a volume of data transfer that cannot be sustained by any end-user which means that the pipe dream of people exchanging the currency pseudo-anonymously without requiring intermediaries is impossible).

In essense, bitcoin is self-defeating beause it requires popularity in order to be viable, but popularity makes it unusable by end-users, and end-user features are what would make it popular; therefore, it can never get beyond a low transaction count, speculator hoarding stage. That's where it is now and that's as far as it will go.

Comment Re:Good Guys With Guns? (Score 2, Informative) 1435

You mean like CCW permit holders?

No, entirely unlike CCW permit holders, because you misquoted me, specifically leaving off the end of the line you quote. Here it is bolded for your benefit.

trained, licensed, regulated guys with guns, who can only carry on duty, don't take their firearm home, etc.

Are CCW permit holders only allowed to carry on duty (whatever that might mean in the context of a private citizen) and (more importantly) not allowed to take their firearm home?

Comment Re:Good Guys With Guns? (Score 5, Informative) 1435

So what they're saying is the only way they can stop bad guys with guns is good guys with guns. Gee where have I heard that recently....

Well, they may be saying is the only way they can stop bad guys with guns is trained, licensed, regulated guys with guns, who can only carry on duty, don't take their firearm home, etc. Just like most of the civilized world do.

Comment Apple are trying to move away from Samsung (Score 2) 284

Really, which LCD displays do they supply to Apple?

Apple tried to diversify their supply chain away from Samsung. Sharp are amongst those who made the retina displays for the iPhone 5 (and the mini Ipad)

This would be a really good time for Samsung to put the boot in. Interesting to see if they do anything.

Comment Re:OK, stick a fork in them, they're done. (Score 1) 743

Apple uses NetBSD, probably the best OS for embedded network applications.

*rolls eyes*.

Is that why Cisco uses freely-avaiable netBSD? Why virtually every router manufacturer on the world relies on netBSD OSS code?

netBSD is a great OS, but it's known for portability, not performance. Apple uses it over linux because of publicity & fear-of-theGPL.

Comment Re:Yay Cortex A-15! (Score 1) 160

Apple & Samsung can sell us non-modifiable devices with locked-down hardware apparently this is supposed to make Linux take over

The vast majority of Samsung ARM devices are modifiable & do not have locked-down hardware. Apple on the other hand does, but I have no idea why you think Apple's locked down devices are going to help Linux take over (wtf have you been smoking?).

Comment Re:"the competition heats up..." (Score 1) 153

People aren't jogging any more?

Of course people are jogging & all the other things that a very small / light media player is good for. But the market for small / light players is vanishing because the number of joggers etc willing to get a dedicated player as well as a smartphone is shrinking.

Of course the iPod Touch is part of the iPod line. And it allows people access to the iOS App Store for much less money than an iPhone.

Yes, as I said in another post, one of the biggest competitors to the iPod is the iPhone. For those who are cost-conscious, android beckons.

Slashdot Top Deals

Save yourself! Reboot in 5 seconds!