Viewing profile — roblev

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…

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 a…

> 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 y…

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…

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 unemplo…

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.

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? …

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 c…

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.…

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…

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, an…

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 t…

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 fi…

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)

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…

Yes I agree, and personally I would trust a bitcoin bank even less given the repeated security problems that bitcoin businesses to date.

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).…

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 o…

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 in…

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…

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 mu…

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...)

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 r…

>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 ex…

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 th…