December 20th, 2013

Illuminati

Something that confuses me about the debate on Bitcoin

People keep referring to Bitcoin being deflationary, and how awful that is.

Now, leaving aside debate on whether deflationary currencies are inherently awful, it seems to me that for the next 130 years Bitcoin is explitly _inflationary_*. Money is printed approximately every ten minutes, like (slightly wobbly) clockwork.

Sure, in 130 years we'll have to worry about having run out of new Bitcoins. But all things considered this seems something we can push off onto our great-great-grandchildren, who will undoubtedly have generated numerous other ways of dealing with currencies.

*If the price stabilises, of course. If the price keeps shooting up forever then that's different. Seems a tad unlikely though.



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Illuminati

Interesting Links for 20-12-2013

Illuminati

I need to know whether your job and your education match up

Where "Education" means a degree or some other specific higher-level qualification. Having taken French A-levels and now working in France doesn't count. If your life doesn't fit into nice, neat categories then leave a comment :->

I would say I have...

a career
66(58.9%)
a job
36(32.1%)
SEIWEIC
10(8.9%)

My current job is related to my education

Yes
52(46.8%)
No
45(40.5%)
SEIWEIC
14(12.6%)

When I was at school I deliberately took specific classes so that I would be able to eventually get a specific job

Yes, and I got it, and still work in that job (or a closely related one)
25(22.3%)
Yes, and I got it, but no longer work in that job.
11(9.8%)
No
61(54.5%)
SEIWEIC
15(13.4%)

I first started thinking about what kind of career I wanted when I was

Under 5 (I wanted to ride fire-trucks, and now I do!)
5(4.4%)
6-10 (Who didn't play at being The Fat Controller when playing with trains?)
14(12.3%)
11-13 (If you don't plan before choosing your GCSEs then you're doomed!)
19(16.7%)
14-16 (If you don't plan before choosing your A-Levels then you're doomed!)
12(10.5%)
17-18 (If you don't plan before going to university then you're doomed!)
6(5.3%)
19-22 (I took a few courses, and worked out what I wanted to do for a job)
9(7.9%)
23-25 (I graduated, tried a few things, and found an area I wanted to work in)
11(9.6%)
26-30 (I drifted a bit after uni, but then worked out what I wanted to do)
4(3.5%)
31+ (I drifted a _lot_, but then found something that suited me)
4(3.5%)
I've been meaning to start thinking about careers. Any day now...
19(16.7%)
SEIWEIC
11(9.6%)

CHRISTMAS!

GOOD
75(73.5%)
BAD
27(26.5%)