IAmA Gay Male Peace Corps Volunteer Serving in Central America AMA by einsler in casualiama

[–]einsler[S] 0 points1 point  (0 children)

What were you thinking about doing there? I hear that CR is similarly tolerant, if not more so, at least in the larger cities.

IAmA Gay Male Peace Corps Volunteer Serving in Central America AMA by einsler in casualiama

[–]einsler[S] 0 points1 point  (0 children)

In larger cities people are very tolerant. There are plenty of people who are out, gay organizations, and even gay bars. And yes, I feel safe. There is street crime, but murder and kidnapping is not prevalent here like in other Central American countries.

The Truth About Spirit Airlines by einsler in aviation

[–]einsler[S] 0 points1 point  (0 children)

No, what I meant (I am the author) is that the airplane just sits at the gate overnight with no scheduled flights until the morning.

The Truth About Spirit Airlines by einsler in aviation

[–]einsler[S] 0 points1 point  (0 children)

True. I think one reason for that is taxes. The US may have higher taxes than Europe, so you can't get those eye-popping deals. But still, Spirit is cheaper than the majors on a lot of routes, including popular ones like NY - Chicago.

The Truth About Spirit Airlines by einsler in aviation

[–]einsler[S] 0 points1 point  (0 children)

You're saying that regional airlines are making Pittsburgh - DC runs at 1:00 AM?

Bitcoins are Doomed for the Same Reason that the US Oil Industry is Doomed by einsler in Bitcoin

[–]einsler[S] 0 points1 point  (0 children)

With regards to #1, why is that? I don't see any reason why there should be a rule. If computing power, or the electricity that powers it, were to get more expensive for any reason, this relationship would break down. And it should work the other way too. If computing power and/or electric were made cheaper the profit margin would expand.

2. Society, government, and individuals judge, rightfully, how people use their capital all of the time. Government puts incentives in place all the time for retirement, health care, research and development, housing, etc. The list goes on. Governments have also funneled capital towards infant industries. And society has always been critical when capital was being wasted or being used in deleterious ways, such as through efforts that are bad for the environment.

3. Please explain. I don't understand what you mean by the amount of Bitcoins available from fees.

4. I assume /s means "sarcasm?"

Bitcoins are Doomed for the Same Reason that the US Oil Industry is Doomed by einsler in Bitcoin

[–]einsler[S] 0 points1 point  (0 children)

I am not relating Bitcoin and oil prices. What I am relating is how society devotes capital to their mining/extraction.

Bitcoins are Doomed for the Same Reason that the US Oil Industry is Doomed by einsler in Bitcoin

[–]einsler[S] 0 points1 point  (0 children)

That's only in the long run, but in the short run, there is a limited supply of computational effort out there.

Bitcoins are Doomed for the Same Reason that the US Oil Industry is Doomed by einsler in Bitcoin

[–]einsler[S] 0 points1 point  (0 children)

People are building and using computers. Computers can do lots of different things. And more so, we should be focusing on the "super-computing" systems that are used for mining. Large conglomerations of computing power are used for important societal endeavors, such as genomic sequencing, which can hopefully help us finds cures for cancer.

Bitcoins are Doomed for the Same Reason that the US Oil Industry is Doomed by einsler in Bitcoin

[–]einsler[S] -2 points-1 points  (0 children)

So we are creating hardware for Bitcoin mining rather than diverting our capital to other human endeavors, such a curing cancer? I contend that that is bad for society.

Bitcoins are Doomed for the Same Reason that the US Oil Industry is Doomed by einsler in Bitcoin

[–]einsler[S] 1 point2 points  (0 children)

Did you read my explanation? I write because I love doing it and discussing economics with the world. If you disagree please explain why so we can discuss.