347 karma · joined March 14, 2012
Even unions in industries with legitimately undifferentiated labor will have shift differentials built into their contracts.
Note that this RFC also supports lexicographic sorting for negative numbers using the 10k complement notation.
Let's be honest here. With that $50,000 trashcan we're paying mid-level managers $30, downstream suppliers $1, and $49,967 in stock buybacks that drive income inequality just so we can pay a factory worker $2 of that $50k. We are literally just shoveling tax dollars into the pockets of the already wealthy.
By pre-mining the majority of the coins to ensure that the project owners collect the bulk of the profit of any token appreciation.
You mean outside the entire advertising industry? Now you might argue that advertising companies are more focused on selling ads to clients than optimizing the ad experience for victims, but it's an entire sector of the economy focused on exploiting the poor decision-making abilities of humans.
--edit--
In case you are wondering if this is sarcastic, let me clarify. I fully expect the blockchain to revolutionize the delivery of government services the same way Bitcoin will revolutionize grocery shopping, and the same way Etherium will revolutionize legal contracts.
--edit 2--
Since people still don't get it, let me elaborate:
Imagine a world where you could use Bitcoin to transfer money anywhere in the world with the same ease as making a Bitcoin micropayment, simply, safely, instantly, with no fees.
Imagine a world where people use Etherium smart contracts to control everything from marriages to college diplomas to corporate governance.
Now imagine the same revolutionary ideas applied across NYC to everything from garbage collection to city ordinances!
The power of the blockchain is bounded only by your imagination.
Completely. These are banks we're talking about, not bitcoin exchanges.
Yes, in the same sense that curing polio has decreased the number of paralyzed and dying children from bonding in hospice facilities.
This is incorrect. Almost every law enforcement organization in the United States tracks the number of arrests made by each officer, and there is ample evidence that this information is used when making personnel and staffing decisions.
Also, many municipalities track arrests by organizational unit (in NYC it is per precinct), and when management (police chief) requires that mid-level management (commanding officer) "get their numbers up", you have exactly the same incentive to commit fraud that you see in places like Wells Fargo.
Also, rather than taking my word for it, you should look at the many, many, many, many news articles that have been done on the subject. There's the first google hit (http://www.nbcnewyork.com/investigations/NYPD-Lieutenant-Say...), feel free to look at the first 200 search results for corroborating reports.
Currently, no.
Ostensibly, there is the possibility for significant execution speed improvements though AOT optimization in the compiler, and simpler (and therefore faster) JIT compilation in the browser.
Currently however, interaction with the DOM API from webassembly is a bad experience, making it a poor choice from most browser-based apps.
I mean if you gotta trust a centralized authority anyway, ditch the blockchain and make it simple.
Great example, if bitcoin suddenly developed magic powers that could unseat a dictator, write a new constitution, educate the electorate, and protect the rule of law.
Seriously though, two things.
One, Venezuela has significant problems that magically giving everyone a bitcoin wallet isn't going to solve.
And two, currently the biggest use of Bitcoin in Venezuela is to evade currency controls. Which is criminal activity. Which is one of the only two things Bitcoin has a usecase for (the other being speculation)
So yeah, while a lot of people might be better off if they engaged in criminal activity, you can't use Venezuela as an example of a legitimate use-case for bitcoin.
how is bitcoin, a "currency" that fluctuates wildly in value, requires a decent computer (or modern smartphone) to hold a wallet, has very high transaction costs, and is incredibly easy to lose (though corrupted wallet, hacking, fraud, etc.) better than say... M-Pesa (https://en.wikipedia.org/wiki/M-Pesa) or PayTM (https://en.wikipedia.org/wiki/Paytm) which are widely accepted, runs on a cheap phone, has significantly lower transaction costs, and is significantly better at protecting individuals against fraud and hackers.
> I think the better question is whether cryptocurrencies are a better fit than existing options for those people.
Are they? Seriously, are they? I'm pretty sure the answer is no, (at least not the Bitcoin that exists today) but people who are bullish about the Bitcoin bubble keep trying to force that square peg of crypto-currencies in that round hole of micro-payments.
I was exactly the opposite. I was entranced by how cleverly the blockchain solved the n-party Byzantine Generals problem.
Then I realized the while bitcoin is a neat technical solution, it doesn't solve any real-world problems except committing crimes and fueling a bubble.
> Bitcoin solves a real problem of trust.
No, it doesn't.
For the vast majority of people on the planet, a stable fiat currency is more trusted and stable than e-tulips. Rational people trust banks more than they trust Mt. Gox.
Can you give me an example of a common situation where trust is lacking, where normal people would have been better off using bitcoin than say... VISA or Mastercard?
Actually, all three of the mentioned open-source projects Oracle has "decimated", have gone on to live happy, healthy, productive lives.
Perhaps Oracle just pushes baby birds out of the nest to see who can survive on their own, and who falls to their death.
Yes, there's no bitcoin hype at all.
> it nevertheless solves universal problems related to something everyone uses -- money.
You know what is a simpler, more energy efficient, universally accepted, easier to use, time-tested, fungible, stable, and better in almost every way form of money is?
Money.
All the tulip mania or dotcom stocks or Florida swampland or whatever bubble fueled by something valueless without any underlying guarantees will never supplant actual money.
If you believe that, you're going to be shocked when the vast majority of people switch to cashless systems, and cash will only be used for criminal activity, and then cash will become criminalized.
The solution isn't to preserve cash. That's doomed to failure.