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Comment Re: As Frontalot says (Score 2) 631

Definition of 'Quantitative Easing'

An unconventional monetary policy in which a central bank purchases government securities or other securities from the market in order to lower interest rates and increase the money supply. Quantitative easing increases the money supply by flooding financial institutions with capital in an effort to promote increased lending and liquidity.


Comment Re:As Frontalot says (Score 5, Interesting) 631

how can we be sure that an exchange won't be hacked?

Exactly. We can be sure traditional banks won't be hacked because they are regulated by the government appointed banking regulator.

And if they had loose security that somehow the regulators missed and loose billions in wire-fraud? In most countries the government guarantees your funds to a certain extent. So the question becomes, do you trust your government? (or the government in charge of the foreign currency you are storing).

This is the trouble with bit-coin. All currencies are based on faith. Faith that they will hold value (that the government wont print money), faith that they will be accepted for exchange (again, government mandated for most currencies). With bit-coin, to whom do you place your faith?

Comment Re:Not in London (Score 1) 947

What the hell are you talking about? 25% of morning peak road traffic in central london is cyclists, so there are allot of people that disagree with you.

Nothing particularly dangerous about London, in fact i would say it feels safer than many cities because there are so many cyclists on the road you really feel that motorists will anticipate you such as being on the inside of them when they turn left. Watch out passing heavy trucks on the inside, same as anywhere else.


Comment Re:The Third World was first (Score 2) 184

No it's when the US does something the third (and second) world pioneered. Third world didn't pioneer breathing. (though you could argue they pioneered human breathing if you believe we first evolved there. Of course back then it would have been the most highly developed and thus a first world continent).

This ride-sharing is very common in the former soviet bloc too, though it's of the rather more basic wave-your-arm up and down at all the passing cars type technology rather than using phones.

Hardware Hacking

Submission + - Via Unveils 1-Watt x86 CPU

DeviceGuru writes: Taiwanese chip and board vendor Via Technologies has introduced a new ultra-low voltage (ULV) processor aimed at industrial, commercial, and ultra-mobile applications. Touted as the world's most power-efficient x86-compatible CPU, the 500MHz 'Eden ULV 500' processor debuted at an Embedded Systems Conference in Taipei this week. Via says its chip draws a minimum of 0.1 Watts, when idle, and a maximum of 1 Watt, making it a great candidate for consumer electronics devices such as UMPCs, PVRs, and such.

Submission + - Orson Scott Card reveals truth behind IPCC numbers

An anonymous reader writes: The numbers behind the now famous IPCC report on global warming, apparently, are faked, and on purpose. The numbers have been cooked from the word go. From the article:

All in a Good Cause

Here's a story you haven't heard, and you should have.
An intelligence source, working for a government agency. He's not a spy, he's an analyst. He uses computers to crunch numbers and at the end of his work, out pops the truth that was hiding in the original data. Let's call him "Mann."
The trouble with Mann is, he has an ideology. He knows what he wants his results to be. And the original numbers aren't giving him that data. So the agency he works for won't be able to persuade people to fight the war he wants to fight.
Well, that's not acceptable.

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