People have been saying that since before Clinton got in office.
Catastrophic inflation from government spending has been just around the corner for 40 years now. The 1970s were an odd time for many reasons, and they won't repeat again. But for some reason too many people base their predictions of the future from what happened between 1974 to 1984.
If anything errors in floating point numbers are graceful and give you a lot of leeway before they become catastrophic. Fixed point works until you hit 2(n-1) bits then probably breaks unexpectedly. Where n is the last exponent you have seen in business.
Exchange value is most often price, but it is in reality the vector of the equivalent amount of goods and services you will receive for a unit of some good or service.
The point of money is that it collapses all exchange values to two vectors, one for selling to money, one for buying with money.
The downside of money is that it hides many very obvious relationships. In a topical case, that the cost of video cards has essentially stayed constant when expressed as etherium units.
tl;dr: money lets you calculate prices as n, exchange values needs n^2.
Because it destroys the local industry which you will need at some point.
As simple example: the British supported the German chemicals industry prior to WWI.
At the start of WWI, the money the British spent had been turned into German chemical expertise. This lead to the development of the Haber process, poison gas, and generally making Germany a powerhouse in chemicals in the same way Britain was in mechanical manufacturing.
If a tariff had been put in place on German imports to Britain the German chemical industry would have been much smaller, with much less capability and WWI would have finished in 6 months because Germany would have run out of nitric acid for their explosives.
It's first mover advantage in the same way surviving is a first mover advantage. You're fine if you're profitable, but with constant improvements that won't be the case for long, unless you too start moving to new technology.
Given that even in good years a large portion of the population was malnourished in whatever time period you want to pick before the middle of the 20th century, the rich were always better off than the poor and rich families were better than poor ones.
Abstract: A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution.
>If this code had been in core-Firefox, we'd never have noticed it. Counter-intuitively, maybe it wouldn't have felt as invasive, because I know that Mozilla controls core-Firefox, not me. (And I choose to defer to their judgement, because my other options are to defer to Google or Apple.)
The code is available. I'm pretty sure the tor project would have noticed it.
People have been saying that since before Clinton got in office.
Catastrophic inflation from government spending has been just around the corner for 40 years now. The 1970s were an odd time for many reasons, and they won't repeat again. But for some reason too many people base their predictions of the future from what happened between 1974 to 1984.