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reqres

747 karma · joined January 7, 2014

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reqres··on Patch's new owner lays off staff in 1:39 conference call
There's evidence that power can change how the brain functions - tending to make those in power less able to experience things from the perspective of others. This guy is clearly another corporate sociopath
reqres··on Metered Billing (beta)
Well the difference here is that a utility is a natural monopoly. It's not under market scrutiny except for regulators. Linode is under intense pressure and it's been lagging behind competitors for a while now

I've found Linode rock solid in all the time I've used them. But I've also found them a bit slow in adopting features that are important to me (this and SSD storage)

reqres··on Map school: a free introduction to geo
This is a great starting point to mapping

I've always found coordinate systems both extremely challenging and fascinating - like how longitude and latitude isn't the same across the world according due to different models of the earth.

Have you got any plans to add a more extensive introduction to geodesy?

reqres··on Why Bitcoin Matters
So you're saying both can work?
reqres··on Why Bitcoin Matters
Unless you're saying that you can split 1 bitcoin into 2 bitcoins, I think your reasoning is flawed.

Or looking at it another way, inventing a new denomination like a millicent (= 0.001c) will automatically increase our money supply...

reqres··on Why Bitcoin Matters
I hope so too - but I think it's unlikely because Bitcoin is decentralised by design.

When money supply is controlled by central authority, it can be used as a tool to control prices and volatility. It's still early days but the inflation-targeting independent monetary policy experiment happening in some developed economies over the last 2 decades seems promising.

I'd be interested if anyone were willing to start a "centralised" Bitcoin governed by benevolent dictators for life. I'd rather put my savings with people who understand monetary theory and how to use big data to inform supply decisions than a system prone to cycles.

reqres··on Bitcoin 2014 – Top predictions
> 9. The price of Bitcoin is likely to range between $4000-5000 by the end of 2014

Setting aside the author's flawed reasoning as to what drives demand for currency - I don't see how this is a positive prediction for Bitcoin as I think it implies.

I'd like to see a decentralised currency work in the long run and the best thing for Bitcoin right now is to maintain stability against USD. It needs to prove itself as a trusted medium of exchange/store of value.

My prediction for 2014: speculators will deal a big blow to the credibility of Bitcoin slowing down widespread adoption for any decentralised currency

reqres··on Will Work for Food and Lodging
Interesting and I think you are correct. Rent-seeking happens all the time and is not just confined to domain names
reqres··on Will Work for Food and Lodging
You're 100% entitled to do what you want with your own property but please consider the view that domain names are important and finite resources and should be put to good use :)
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