1,010 karma · joined February 16, 2014
President & Managing Member of Plyint, LLC (https://plyint.com)
What was your source for this information?
In a pure BTC environment, the borrower is employed and being paid a salary in BTC. Loans would work just like in an inflationary environment, except now the overall deflation rate of BTC would be taken into account during loan origination.
Bitcoin is not a good asset to do loans in right now as it has high volatility, but as ownership of Bitcoin becomes more and more dispersed, then the volatility will reduce. Once the volatility of the asset is stabilized, then the depreciation rate could be factored into loans.
https://bitcoin.stackexchange.com/questions/1899/if-the-econ...
If Bitcoins were the dominate and only currency, people would continue to buy food, clothing, luxury goods etc. b/c they need or really want those things and will be willing to trade bitcoins in exchange for those goods. Practically, Bitcoin is unlikely to be the dominate currency allowed in countries to participate in transactions without incurring significant taxes, so likely people will store wealth in Bitcoins(or other cryptocurrencies) and then convert to fiat currencies as they need to make their purchases.
What's the third party app?
Contrast that when I go to the Docker distribution github page the url is https://github.com/distribution/distribution. You don't see anything wrong with that nomenclature? I'm the only one?
For example, say you are using a financial application like GnuCash on your desktop and it has bug in the software that gets triggered causing a bad write to the file. (power goes out, OOM, whatever..) syncthing will happily propagate that changed file that contains the bad write to your server and when you copy to the 3rd disk you will also propagate that changed file. You deleted what was on the third disk, so now you no longer have a "good copy" of the file.
If you add some sort of snapshotting into your backup routine, then you would be protected from this, because even though you would still propagate the change to the most recent backups, you could still go back to an older snapshot (maybe a week or a month ago or whatever) and pull back a working version of the file.
Of course this is only as good as the interval you use for your snapshots. Fim seems like it would be a lot of extra work to do for every file/folder, but I could potentially see using Fim though for important files (e.g. tax records?, password vault?)
The reason being is you can decide how long to keep older copies of files, just in case something changes on a file, but you don't happen to realize the incorrect update for a couple of months and want to go back to an earlier version.
To give you an idea of what is possible, here is the snapshot configuration I use: Keep no snapshots older than 450 days Keep 1 snapshot every 90 day(s) if older than 180 day(s) Keep 1 snapshot every 30 day(s) if older than 30 day(s) Keep 1 snapshot every 1 day(s) if older than 1 day(s)