[Arm-netbook] Good netbook based on Cortex-A9

[lkcl luke]

On Tue, Jul 31, 2012 at 4:30 PM, Gordan Bobic <gordan at bobich.net> wrote:
> On 07/31/2012 04:00 PM, lkcl luke wrote:
>
>>> Or to put it another way - deviation from the gold standard is purely
>>> for people who can't take it straight up.
>>
>>   ah i see you've read Senator Ron Paul's book "End the Fed" :)
>
> No, I just applied some reasoning using a few braincells.

 oh right!  cool.  well, if you ever find yourself floundering when
explaining the concept to less brain-endowed individuals, feel free to
beat them over the head with Ron Paul's book.  it's got pretty
pictures and graphs in it, and everything.

 but, gordan, it's worth emphasising, even to you: you *are* along the
right lines, and the book will show you why, in concrete terms.  Ron
Paul's book shows how the Federal Reserve basically got themselves a
license to print money in 2006 (ok, it goes back a lot further than
that) and he shows this very telling graph of the USD basically going
sky-high.

> At some point that approach gets sufficiently farcical that people will
> just stop using money and go back to good old fashioned bartering. And
> then we get to see what happens when your self assesment says that you
> owe the tax man two chickens and a goat. :)

 ha ha.  how much is that in bitcoins? :)  baaaa.

 bitcoins.  they're mathematically and inviolately hard-limited.
anyone who understands currencies (the need for gold standards and
such) like you do should love bitcoin.  what many people don't realise
is that it is impossible to do "high frequency trading" on bitcoin
markets, because of the propagation delay inherent in the peer-to-peer
network on digital signing of bitcoins.  i can't remember if it's half
an hour or 1 hour but it makes no odds: bitcoin is fundamentally
immune to the instability effects caused by high-frequency trading
that other currencies and commodities are susceptible to.

 l.