roblev

16 ms·

1.
by roblev 10y ago
For many organisations there is a real risk that a browser update will unexpectedly break a key internal application, which could have a catastrophic impact on operations. The vast majority of large companies will control and test key softw
2.
by roblev 10y ago
clearly case sensitivity is a decision by the language designers. Many languages are case-insensitive. from https://en.wikipedia.org/wiki/Case_sensitivity Some computer languages are case-sensitive for their identifie
3.
by roblev 10y ago
> Far from it. They are not deposit constrained, no matter how much mainstream economics likes to think so. But there are important constraints - from the overview in the article you linked to: "Although commercial banks create mone
4.
by roblev 10y ago
Yes, I'm sceptical too. I think the article is mixing up banking with payment processing (payment processing is an important but small part of retail and wholesale banking). Retail banks make most of their money by charging for loans -
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by roblev 11y ago
Although a similar argument could have been made as societies industrialised, that once the value of farming work fell (which nearly everyone did), then there would be mass unemployment. It didn't play out that way.
6.
by roblev 11y ago
The idea that loans can never be paid back is a myth. I can lend someone money, and have it paid back with interest without more loans being necessary or more money being created.
7.
by roblev 11y ago
Well the banking model is to take demand deposits to issue longer term loans. Is that bad? People want loans, people want to deposit cash... Why should banks not operate this way? Would it be better not to have deposits and loans?
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by roblev 11y ago
99.26% correlation is observed between the Divorce Rate in Maine, and the Per Capita Consumption of Margarine http://www.tylervigen.com/spurious-correlations You say this implies causation... I have my doubts in any sense o
9.
by roblev 11y ago
I read the bank underground blog post. It is fine and interesting, but it is talking entirely about bank money creation (loans/deposits) and not about base money or capital ratios. That's OK, no reason for an article to talk abo
10.
by roblev 11y ago
Capital is absolutely not unconstrained! It is one of the most difficult things for a bank to increase its capital base. Base money is a low percentage compared to bank money - its true - but all bank money is a claim on base money. Pull
11.
by roblev 11y ago
A lot of the confusion comes from the fact that there are two sorts of money that are in circulation: base money and bank money. This blog post is only talking about bank money, and does not reference base money. Base money (dollar bills,
12.
by roblev 11y ago
linux on the desktop failed for the same basic reasons many startups fail. They didn't listen to their users or focus on making a product that their users wanted. By users I mean the core market of Windows - the business desktop. How
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by roblev 11y ago
Hi, Fiat currency is simply currency that is not backed by something physical - in itself it has nothing to do with debt. In modern economies, a central bank can and does create fiat currency out of nothing - literally declaring it into exi
14.
by roblev 11y ago
debt does not equal money; there is money that is not debt (e.g. gold coins, fiat currency) there is money that is debt (e.g. bank account money, IOUs)
15.
by roblev 11y ago
Sorry but I do disagree with few things you say. > A bank (or any entity) is allowed to lend as much money as they want to someone if they are actually lending money that they have. No they are not. There are supervisory limits on what
16.
by roblev 11y ago
Yes I agree, and personally I would trust a bitcoin bank even less given the repeated security problems that bitcoin businesses to date.
17.
by roblev 11y ago
Well as I see it there are only really two possibilities: full reserve or fractional reserve, and I've never really seen full reserve banking (i.e. demand deposits cannot be lent). But please explain if you mean something else.
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by roblev 11y ago
Fractional reserve banking can be done with bitcoin just as with any underlying "base asset" such as gold or Federal Reserve Banknotes. It just means that the banks can lend most of the asset, and must keep back a fraction for li
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by roblev 11y ago
I would think jblow knows what he's talking about here, he's delivered at least one great game to the world (to me, Braid had the perfect difficulty ramp and an awesome level of inventiveness). As a buyer on Steam actually I didn&
20.
by roblev 12y ago
For me the main problem with the "if the demon says TV then I listen to the radio" paradox is that it asks the demon to predict its own computation. Take as an example COnways game of life. It is perfectly predictable in the futu
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by roblev 12y ago
I'm not sure Planck time has much to do with this. The universe is not thought to be quantized in time, i.e. there is no requirement that the time period between two events is a multiple of the Planck time.
22.
by roblev 12y ago
Seems on the loop levels that clicking once or twice on the start position clears the level, or I don't understand what is happening (which is possible...)
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by roblev 12y ago
If this theory of share buybacks were true, it would lead to some fairly simple arbitrage strategies to make free money. (Buy shares in company x, force a share buyback so shares rise in value, profit). In reality these corporate actions a
24.
by roblev 13y ago
>I am not about to take out a loan in a hard currency when perfectly good inflationary currencies are easily at hand. Sadly it is not so easy to make money this way, the forward exchange rates will cancel out any gain from the interest e
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by roblev 13y ago
Most corporations try to be profitable over a long term, and there is no requirement to be "maximally profitable" in a single year or over any time period. For every corporation there are judgements over the value of investing in
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by roblev 13y ago
My local supermarket has had zero days loss in trading in the last quarter. What does it do? It buys things for a cheap price and sells them at a higher price. Traders do exactly this, it is the service they provide. It is quite unlikely
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by roblev 13y ago
I think the OP's point was clear, Java has a big library of tested, debugged, robust libraries.
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by roblev 13y ago
There are a few misconceptions about money here. - QE is about creating new money. The buying of loans is merely a way to distribute it; instead of just giving the money away, the central banks buys an asset (any asset would do) so nobody
29.
by roblev 13y ago
The Channel Tunnel between the UK and France works fine, and if someone got sick at the start of the tunnel section then there isn't too much that could be done quickly. The public seems to have no issue with that concept, it is a simp
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by roblev 13y ago
Excel is an incredibly powerful environment to code. I learned it many years ago; I started thinking it was some arcane tool that accountants used and ended being able to deliver amazingly powerful tools to users orders of magnitude faster

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