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Dibber

Dibber
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  • Sell The Bitcoin Bubble Before It Bursts [View article]
    How so?
    Feb 25 01:23 PM | Likes Like |Link to Comment
  • Inequality And The Genetic Lottery: 2 Views [View article]
    Mobility (i.e. economic opportunity) hasn't changed in the US in 50 years. I don't think you have your statistical data right.

    http://wapo.st/LBUgJj
    Feb 6 12:43 PM | Likes Like |Link to Comment
  • Inequality And The Genetic Lottery: 2 Views [View article]
    Schools definitely vary in quality. Allowing kids to choose the school they go to would be an enormous improvement. Statistically, quality of grade school isn't a big predictor of a child's outcome. The much bigger determiner is whether the child comes from a single parent family.

    But even if a kid is raised by a single mom or their local grade school is crap, that doesn't mean the US isn't "close" to equal opportunity. In America, kids can overcome their family situation.

    I do wish people would talk more about the importance of two parent households. Statistically, single parent household is the hardest thing for kids to overcome.
    Feb 5 02:17 PM | 6 Likes Like |Link to Comment
  • Inequality And The Genetic Lottery: 2 Views [View article]
    Why do you say the US isn't even CLOSE to having genuine equal opportunity? The US doesn't have a class system or other artificial limitations on upward mobility. Sure some people work harder and some people are smarter, but those people tend to do well, regardless of background.

    Of course, if we want to fix the troubling persistence of population intelligence variance, we could require all the clever people to marry dullards to equal the opportunities of their kids. But I doubt the author would support that policy, given that he no doubt views himself as smarter than average.
    Feb 4 02:55 PM | 1 Like Like |Link to Comment
  • Inequality And The Genetic Lottery: 2 Views [View article]
    Equal rights and equal opportunity are important goals. But income equality flat out doesn't work. A number of countries have tried it and it has uniformly been a disaster.
    Feb 3 05:23 PM | 5 Likes Like |Link to Comment
  • Wall Street Doesn't Understand Bitcoin Yet, But It Will [View article]
    1. Yes it would be outrageous. Bitcoin is not like drugs.

    2. If you prefer gold to bitcoin, you should own gold. If you think bitcoin is a pump and dump, then, no, you shouldn't buy it. Bitcoin isn't for everyone.
    Dec 9 10:27 AM | Likes Like |Link to Comment
  • Waiting For Bitcoin To Get Boring [View article]
    Filipo- the sheep market was an outrageous story! Bitcoin is along way from 100% safe! It's hard to feel too sorry or a bunch of people selling drugs and contraband, but still. It's amazing how easy it was.

    JP- You definitely don't want to leave money or bitcoins on an exchange for longer than is necessary. Many have been shut down or been hacked. Better to keep bitcoin in cold storage!
    Dec 7 08:44 PM | Likes Like |Link to Comment
  • Sell The Bitcoin Bubble Before It Bursts [View article]
    All very good questions, and all things that require a lot of investigation thought and talking with smart people in and around the community. Good luck on the investigations. If nothing else, it's all super interesting.
    Dec 5 07:30 PM | Likes Like |Link to Comment
  • Wall Street Doesn't Understand Bitcoin Yet, But It Will [View article]
    Krim,

    1. Hard to say what govts will do, but it's a pretty hard thing to destroy since there aren't central servers or any company to shut down, and it's global. No govt has indicated so far it will shut it down. You might be surprised by this.

    2. Right now it's hard to "use" bitcoin. I agree. But it can be used. And for international transfers, it's probably easier than dollars now. You'd be surprised how many businesses will take it globally. More than will take gold for example. And the number is growing rapidly.

    3. You're right that bitcoin holds no patents. But its a payment system like Visa or Paypal so doesn't need to. The amount of value transferring over the network on a daily basis is now approaching Paypal levels. The "moat" around a payment system isn't the patents around it, it's the network effect. It's pretty hard to build that. But you're right that some of the alt currencies could potentially do it. My advice would be to own them also.
    Dec 4 09:37 PM | 1 Like Like |Link to Comment
  • Bitcoin Going Off The Rails On A Crazy Train [View article]
    http://bit.ly/1izQGOY

    A lot of people look at this ratio as an indicator of proportion of speculation to overall currency transactions.
    Dec 4 01:46 PM | Likes Like |Link to Comment
  • Wall Street Doesn't Understand Bitcoin Yet, But It Will [View article]
    Ripple has a lot of advantages over bitcoin. It confirms transactions within 1 second. It works for multiple currencies. It'll be interesting to see if it takes off.
    Dec 3 10:01 PM | Likes Like |Link to Comment
  • Wall Street Doesn't Understand Bitcoin Yet, But It Will [View article]
    Bitcoin isn't a stock. It's a currency. So you need a different definition of "value" than the stuff you apply to stocks. The value equation for currencies is PT=MV. That means that the price of bitcoin in dollar terms goes up as the daily value of transactions in dollars terms rises. Daily value of transactions across the bitcoin "rails" has gone from $2m at the start of the year to about $250m the last few weeks. As long as the value of transactions rises, the price has to rise as well.
    Dec 3 02:56 PM | Likes Like |Link to Comment
  • Waiting For Bitcoin To Get Boring [View article]
    Yes. robbers, hackers, money launderers. It's a motley crew!
    Dec 3 01:11 PM | Likes Like |Link to Comment
  • Bitcoin Going Off The Rails On A Crazy Train [View article]
    Fair point. Returns from private investments in the likes of Google and Facebook are probably the best comparisons, but they are also such different animals. I'm not sure its possible to draw an inference though from those examples as to the fate of btc.

    The fact that the US$ value of daily transactions crossing the bitcoin network has gone from $2m to $250m over the course of this year, is probably fairly bullish. The more adoption of the bitcoin rails, the more valuable it should become. As long as that continues to rise, I would think price would go up, but it's such a weird animal, it's hard to say.
    Dec 3 12:09 PM | Likes Like |Link to Comment
  • Waiting For Bitcoin To Get Boring [View article]
    There aren't really any "dealers" of bitcoin. There are a number of Bitcoin exchanges, where you can open an accout, send in money and then, buy or sell bitcoin. Coinbase, bitstamp, campbx and mt. gox are all active exchanges for US$. SecondMarket has a bitcoin trust they've created. Accredited investors can buy an ownership stake in the trust.

    Are there any "dealers" supporting the market? Nope. It's all individuals right now. What will they do if and when bitcoin falls? Nobody knows.

    Bottom line is f you want to buy from "dealers", bitcoin isn't a good market for you.
    Dec 3 11:50 AM | Likes Like |Link to Comment
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