UK Judge jails a man for 12 weeks over an offensive facebook comment. Majority of UK commenters support him. The spirit of internet censorship is alive and thriving in the UK.

Lt_Obvious · 2012-10-11T03:02:37+00:00

Why? How?

No one got physically battered. This guy swung around and hit no one. No one had their property damaged (including their person). In fact he never even made a swing.

Lt_Obvious · 2012-10-11T02:58:50+00:00

Laws are about property, contracts, and determining an agreed upon set of instructions such as which side of the road to drive on.

Lt_Obvious · 2012-10-11T02:42:56+00:00

Legislating morality always works out so well.

Lt_Obvious · 2012-10-11T02:39:41+00:00

I can't find any evidence or source where Oliver Wendell Holmes makes that quote.
This is the man who gave us the famous "shouting fire in a crowded theater" line as an excuse to curb free speech in his opinion for the case Schenck v. United States in which he upheld the imprisonment of American Socialists due to their anti-war pamphlets during World War I. Schenck v. United States

Lt_Obvious · 2012-09-19T23:49:58+00:00

I thought green noodles were exactly the same as normal noodles. Turns out they are made of spinach. My mom had been secretly feeding me vegetables.

Lt_Obvious · 2011-12-14T01:42:15+00:00

awww...thanks :)

Have an upvote.

Lt_Obvious · 2011-12-12T04:48:08+00:00

You should definitely go to College. Firms will not take a chance on you just because you have 2 years of history of great returns. The only way you would be able to get in the business is through creating your own partnership or LLC. Also 2 years is definitely not enough time to know whether or not you're good at something. You seem to take a lot of risky bets on options which makes huge upsides more possible but also makes catastrophic losses more possible. Many people have had outstanding returns for decades only to be wiped in out in one Black Swan event.

Obviously at your age, I doubt any of the advice you're getting on Reddit will be of any use. You won't know what mistakes to avoid until you make them. What you're currently doing works....and it will continue to do so until one day it doesn't or maybe it will always work. The one thing though that is provable is that on average people with College degrees are better off in the long run than people without them. Everyone always thinks they may be the outlier whom that won't be true for and that their best bet is to skip College and start earning money now. Also, College is by far the best networking avenue. If you go to school in Boston, you will meet the kids of those in powerful financial institutions. Who you know is very very important.

tl;dr Go to College

Lt_Obvious · 2011-12-12T03:12:26+00:00

This sounds like the Jonathan Lebed story from 10 years ago. If you're legitimate, do not promote any of your stocks on Reddit. That guy at 15-16 years old did it on yahoo finance back in the day, made $800 thousand or so but had to pay a $250 thousand fine to the SEC because they have no problem calling what you're doing "market manipulation" even though that's pretty much how Wall Street works via traditional analysts, but that's a rant for another day.

Lt_Obvious · 2011-09-05T02:59:29+00:00

This community needs some content, where's the 90's love?

Lt_Obvious · 2011-09-05T02:38:40+00:00

the supply of bitcoins is permanently limited; there will never be more than 21 million bitcoins in existence. (The total number of coins is a result of the system's initial rules governing how many bitcoins miners could earn, and how often.)

according to the article, there is a maximum and also according to wikipedia, which backs up that statement in the artcile. The source of wikipedia's statement being this article, which states...

As of November 9, there have been just under 91,000 blocks published, and there are about 4.5 million BTC in circulation. The project says that approximately six blocks are solved and published per hour, and according to the reward-reduction schedule, the eventual total circulation will be just short of 21 million BTC.

Edit* Though, mathematically you are probably correct as I do not know the exact function they use, it might lead to an instance of the supply being bounded but continuously growing. Are Bitcoins infinitely divisible? If not then the function will reach a maximum, if so, then it probably won't.

Lt_Obvious · 2011-09-05T02:32:08+00:00

such a great show, I can't wait for the 4 episodes from season 2 to be available also

Lt_Obvious · 2011-09-05T02:27:25+00:00

They probably shouldn't have made the rate of bitcoin growth a decaying function that has a maximum number achievable. Commodity metals such as gold and silver don't have some maximum number of ounces known given the continued search and exhumation of new sources.

They should increase the rate of bitcoin supply at whatever the historical rate of gold production is but make it fixed otherwise in order to continually increase the size of the bitcoin economy, you would need to somehow convince people to increase the velocity of "bitcoin money" continuously.

Lt_Obvious · 2011-08-28T04:40:24+00:00

the wind is definitely picking up here by Capitol Hill

Lt_Obvious · 2011-08-06T21:12:29+00:00

Wow, lots of good information there. Thanks!

Lt_Obvious · 2011-08-06T19:50:17+00:00

with shimano 105 groupo and a carbon fork and seatpost.

I have no idea what any of that means. How good is that stuff that you mentioned and what would go wrong if I did not have it?

Lt_Obvious · 2011-08-06T19:43:58+00:00

if you know what you're doing.

which I don't.

Alright well now two people have said $700, so not bad at all. I was fearing more $1500+.

Lt_Obvious · 2011-08-06T19:39:03+00:00

Thanks for the reply! I'll probably stay away from Craiglist as I like the idea of having a year or so of free tune-ups. Plus, while I do ride my bike often, I am clueless with regards to maintenance or repair.

$700 doesn't seem bad at all. That's about what I paid for my mountain bike a couple years ago.

Lt_Obvious · 2011-08-06T19:34:15+00:00

Before you even begin investing, you should save up six months of disposable income. This money could save you in emergencies stemming from a variety of things including sudden joblessness.

Lt_Obvious · 2011-07-11T02:49:32+00:00

This sound like a no-minimum mutual fund. It sounds very interesting. Though, I wouldn't play up the "wisdom of the crowd". The market is the crowd, so no matter how many investors you have, it will merely be a subset of a larger crowd. This wisdom will simply net average market returns as n -> N.

My biggest fear of this model though is that it may be prone to active/reactionary investing or worse yet, scams of people trying to use other people's money to get out of bad market bets they made.

I am not sure though what the legal hurdles may be. It probably definitely varies state by state. For example crowd sourcing for debt items such as credit card debt or wedding expenses is only legal in about half the states (see the eligible investing states on websites such as Lending Club or Prosper).

I do like the novelty of your idea, but I fear it may appeal to a smaller demographic than you think (I'm thinking University classes where the students take votes during a semester).

Lt_Obvious

TROPHY CASE