Recent content by furface

Thank Brandon. Just so I'm getting it right, the trades listed here http://blockchain.info/ are transactions taking place outside the exchange or else the exchanges trading themselves? So if I understand what you're saying, Gox and other exchanges would aggregate my trade with others and do...

OK, but why weren't Gox's customers verifying their accounts on the public block chain? Wouldn't they have done that and complained to Gox about it? Was Gox that incompetent that they didn't do anything about it? Surely after 2 years someone would have sued them or made a public stink about...

Can someone who understands the technical details of BC explain this to me? My understanding is that over the last 2 years Mt. Gox has been exploited via a "malleability" flaw that has been known about since 2011. Bitcoin transaction packages were intercepted and rewritten, and because of the...

I'm usually not a fan of defamation lawsuits. However, if Chad Connelly broadcasted that someone threatened him and doesn't have proof to back it up, it's legitimate. If there were indeed threats and he took them seriously he would have talked to the police, not his email list and Twitter...

Obsessing about Benghazi didn't exactly lead Romney & the GOP into the White House. Such things may have traction in the over 60 GOP crowd, which will be over 64 in 2016, but not too many other places.

Steven, first of all I hope I don't give the impression that I claim to know definitively what I'm talking about. These are non-trivial, and to a large degree unanswered questions in economic theory in my opinion. The issue with fiat money versus commodity backed assets like a gold standard...

Steven, all I'm saying is that a fundamental problem with an aggressive monetary policy is the amplification & accumulation of money. It's a factual numerical problem that is also an observed empirical fact. If you print money and have no way to recycle it, it's going to indefinitely increase...

In Keynesian economics, the problem isn't the ability to print money. It's the ability to dispose of it. You start handing money out for free, it tends to accumulate in the wrong places. There are lots of different theories on the impact of ever increasing cash in the hands of a few wealthy...

Does this mean that I'll forced to change the channel when Wolf Blitzer is having a balanced discussion about how how to deal with "Iran's quest for nuclear weapons?"

cbc58, I commend you for bringing up a very politically incorrect topic. However, when you get right down to it, it's very difficult to find anybody in our economy that doesn't depend on government pushing money around to places it wouldn't naturally go. There are of course people who supply...

PSY the wuss Have a little spine why don't you, dude. http://www.mercurynews.com/entertainment/ci_22147565/obama-attend-psy-performance-despite-protests I guess he's gone mainstream and mainstream media has always been part of the military industrial complex.

It could possibly be an average of $10 million each. You'd have to know something about the distribution of incomes in that bracket. The issue in terms of monetary policy is that money tends to stagnate in a small number of places. If you could print money and have it disappear in bank...

I actually wouldn't have a problem with that. There's a reasonable way of looking at the federal government which is that it basically provides inter-State neutral social insurance & raises an army when necessary. The States do everything else. There's also the issue of different types of...

To pay to enrich the largest idle/affluent class in history, US public sector unions. Republicans have failed to get this message across. At the federal level it's because too many Republicans & too much Republican money comes from people & entities that benefit from federal over spending...

I attribute this to Republicans losing their focus, which should be small government. If Republicans were pure in their ideology, people would take them more seriously. As it is people see them as hypocrites. They claim to be in favor of small government, yet push for huge militaries and big...