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Comment Re:So for all the boomers who got into their house (Score 2) 109

All of these things are going to drive inflation. Because what's happening here is landlords are taking money out of the economy and giving nothing back. There's a little bit of downward pressure on discretionary spending but not enough to make up for the price of groceries shooting up.

This isn't true. Inflation is the "general rise of prices"... If only the real state and the job marker rise it's prices it's not inflationary... somewhere somebody else is going to spend less and equilibrate the equation. This doesn't mean there is there is no inflation in the US, but the real state market is not the cause of inflation.

Comment Re:Don't forget funding ransomeware! (Score 1) 132

Tax evasion and inflation coverage...

Say yo live in Argentina. you've to pay 2.5% of property tax, plus %35 to %50 on Earning taxes and other shit. Most business aren't profitable that way. So Black Market Economy is rampant and tolerated...

But everything is cash, so you either have hard dollars hidden under your mattress. With the risk of getting robbed.
Or you can have your assets on an exchange / ledger.

Comment Re:Human Fail safes aren't engineers either (Score 1) 258

Both words take Engineer and Engine take the same latin root ingenium. But engineers predate the existence of Engines (meaning Motors). You could say that the ones that "took over the word", were the Engine operators and maintainers. Other languages use the word Motor instead of Engine, so there is no double meaning for the word Engineer.

Comment Re:An Engineer can be sued. (Score 1) 258

Self driving cars rely heavily on Neural Networks. And Neural networks are black boxes that we don't know very well how/why they work to have the correctness standards expected of other control devices.
In other words... besides simulation and experimentation there is no way to predict how the neural network will behave. So how many testing input/output scenarios will be "enough" to cover the ass of the vendor of an autonomous driving system in case of failure?

Comment Re:An Engineer can be sued. (Score 1) 258

In Spanish (and, I guess, other languages), the word Ingeniero implies a Professional Title and has no relationship with the spanish word for Engine (which is Motor). I think that the distinction between professional and non professional engineers is exclusive of English.

Comment Re:I predicted it from its inception (Score 0) 134

People actually possess fiat, and it is the payable currency chosen by every employer in the land.

Only valid for euro, dollar and maybe renminbi.

I can't obtain bitcoin without jumping through absurd hoops.

Jumping is going to a virtual or a mortar exchange, the same you'd have to if you had dollars and needed euros.

I can't spend bitcoin without jumping through said hoops.

True, that needs to be solved. But QR payment has quickly penetrated several countries. There is no reason it can't be done (if Bitcoin reaches stability)

I know that my 5 bucks today will still get me 5 bucks worth of shit tomorrow.

For immediate future that's also true for bitcoin. For mid term, that's not true for most fiat, On the long term that's not true even for USD.

I can buy drugs/guns/people online with bitcoin.

That's not the only thing you can buy. Avoiding censorship IS a big feature for bitcoin. Ie, you could donate to the truck protest in canada. Or pay for porn that doesn't conform to the moral of your country. You could also circumvent confiscatory taxes, as the case of my country, where without evasion, service exports pay more than 60% in taxes.

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