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Comment Re:Wrong even if correct (Score 1) 227

He doesn't understand the benefits of Deflationary currency. The benefits include less (or no) need for Government support programs (welfare, SS etc). It would require less in taxes, allowing people to keep their earnings (and wealth). It would increase a whole slew of things we really haven't seen in a very long time. Working hard as a youth (when it is easier to "work hard") would pay huge dividends long term for society.

The assumption is that rich people wouldn't spend their Coin, and horde it. This is largely false, as really rich people would buy the comforts that they desire. Catering to the wealthy would be a way to acquire wealth. As opposed to today, working as wage slaves to the wealthy class, buying everything on credit and depending on debt for a lifestyle.

Comment Re: Wrong even if correct (Score 1) 227

You are correct. Real deflation is caused by money supply not increasing at an appropriate rate to counter increases in productivity and commerce (velocity). BTC is deflationary since most of the Inflation period has long since past. It was HIGHLY inflationary at the beginning, Long term, it was always designed to be deflationary.

Comment Re:Wrong even if correct (Score 1) 227

Fluctuation in BTC is due to perception, not reality. But since perception is reality, if you buy BTC whenever there is a huge problem with BTC and the exchange prices drop, you'll be correctly interpreting the value of BTC. Those people who buy High and Sell Low are those that have a desire to be popular, but never are.

Comment Re:Wrong even if correct (Score 2, Insightful) 227

Actually, Deflation is neither good or bad. Inflation is neither good nor bad. Excessive amounts of either are generally bad. What people want is a stable currency. Unstable currencies are bad. Especially Fiat Currencies.

BitCoin is deflationary currency by default. There is no way to inflate BitCoin, short of massive amounts of CPU time.

If we are trading one FIAT currency for another, one that is immune to Government interference is probably the better one.

Comment Re:Terrible decision, regardless of patent feeling (Score 1) 100

Exactly! How the hell do you tease out what part of the profit was derived from the shape of the phone case and the arrangement of icons?!? Especially since the phone may not have sold, or sold as well, without those properties? Samsung's analogy about an 18-wheeler with an infringing cupholder is just absurd -- without A/B testing, there's no way to know whether buyers chose the 18-wheeler based on the cupholder or some other factor. But if the cupholder was the deciding factor (as, in actuality, it often is), then *all* of the profits were derived from that infringement.

Now I think design patents are problematic, especially when things are merely similar rather than indistinguishable, but I agree that this verdict was the worst possible outcome.

Comment Re:True, but you won't like the solution (Score 1) 276

Sure it does. You're excluding the downtick caused by kids not getting in trouble as much, and going down the path of crime.

At worst, it is gonna be a wash. At best, it will dramatically lower incarceration rates (see, #1 indicator list above), even if you're correct that SOME men will end up in jail on wife beater charges. But then again, you're probably too damn afraid to try it ... because change is hard.

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