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justingoboom / Justin Strasburg

I am a web designer, tea drinker, sushi eater, and I make noise as one half of Partly Zombish. I currently live in Buffalo, NY.

There is one person in justingoboom’s collective.

Huffduffed (439)

  1. DTNS 3174 – The Large Patron Collider | Daily Tech News Show

    About bitcoin:

    Here is my understanding of what it takes for an entity to be an effective currency.

    According to economists, as a country’s government issues currency, the total amount of currency must neither be too small nor too large. The total amount of currency must be in proportion to the total amount of economic activity.

    If not enough currency is issued, then that will act as an impediment to economic activity. Issueing too much currency is very bad: if you do that then you shoot yourself in the foot, and the worst case scenario is hyper-inflation.

    In a world with many co-existing currencies: trade (hence, economic activity) is impeded when exchange rates are volatile. The best case scenario is when exchange rates only fluctuate, but otherwise remain in the same ratio pretty much indefinitely.

    The director of a country’s central bank is walking a narrow line, adjusting the amount of currency in circulation according to how the country’s economy is developing.

    I assume the designer of bitcoin is/was well aware of these things.

    By design, the total nominal amount of bitcoin will approach a ceiling. The final total nominal amount of bitcoin is hardcoded; it cannot be changed.

    Imagine what would happen if there would not be a ceiling to the total nominal amount of bitcoin. If the total nominal amount of bitcoin could keep growing indefinitely then bitcoin would be subject to inflation.

    In bitcoin’s design it is anticipated that the exchange rate between bitcoin and the worlds currencies will never approach a final ratio. Over time average bitcoin payments will be in smaller and smaller nominal amounts of bitcoin. One year you pay one bitcoin for a car, some time later you pay 0.1 bitcoin for a comparable car. The software is already capable of handling very, very small subdivisions of bitcoin.

    This property of bitcoin sets it apart from the world’s currencies. A national currency is a managed currency, the director of the central bank is tasked with regulating the amount of currency such that it responds to how the economy developes.

    Bitcoin can’t be tampered with; the cryptography is secure. That is bitcoin’s strength, and its weakness. Unlike a currency, the total nominal amount of bitcoin cannot be adjusted.

    For our currencies a mild level of inflation is maintained. That way investing money is (if done well) profitable, but hoarding money is a losing proposition.

    In the case of bitcoin it’s the other way round: for bitcoin the incentive is not spend it, but to hoard it.

    http://www.dailytechnewsshow.com/dtns-3174-the-large-patron-collider/

    download

    Tagged with patreon

    —Huffduffed by justingoboom

  2. 001: iPhone X review

    iPhone X is the best damn product Apple has ever made. But it’s not perfect. Links

    iPhone X review

    Subscribe to Vector

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    http://vector.libsyn.com/001-iphone-x-review

    download

    Tagged with iphone x

    —Huffduffed by justingoboom

  3. Connected #167: Dissolving of the Plus Club - Relay FM

    We have the iPhone X. We have the iPhone X. We have the iPhone X. We have the iPhone X. We have the iPhone X. We have the iPhone X. We have the iPhone X. We have the iPhone X. We have the iPhone X.

    https://www.relay.fm/connected/167

    —Huffduffed by justingoboom

  4. The Kevin Rose Show: Alex Albrecht - Talking tech

    Kevin & Alex are back together again talking tech.

    —Huffduffed by justingoboom

  5. Upgrade #165: The iPhone X Review - Relay FM

    This week is all about the iPhone X, which Jason reviewed and now has in his hands to answer Myke’s—and your—questions.

    https://www.relay.fm/upgrade/165

    —Huffduffed by justingoboom

  6. Joe Rogan Experience #1029 - Tom DeLonge

    Tom DeLonge is a musician, singer, songwriter, record producer, entrepreneur, and film producer. Get more info about To The Stars Academy and read the Offering Circular at https://dpo.tothestarsacademy.com/#offering-circular

    ===
    Original video: https://www.youtube.com/watch?v=5n_3mnJfHzY
    Downloaded by http://huffduff-video.snarfed.org/ on Sun, 29 Oct 2017 00:22:35 GMT Available for 30 days after download

    —Huffduffed by justingoboom

  7. Ben Greenfield - Ben’s daily health and fitness routine | The Kevin Rose Show

    Ben Greenfield is a prolific self-experimenting health/fitness guru and host of the insanely popular Ben Greenfield Fitness podcast. In this episode, we dive into Ben’s daily routine from waking up until bedtime. Ben holds a Master’s degree in exercise science and biomechanics, an ISSN Sports Nutrition Certification, a Serotta Bike Fit Certification, and the highest attainable certification as a Strength & Conditioning Coach by the NSCA. He has competed in the Triathlon World Championships of Olympic, Half and Full Ironman distances, and is the Number 1 ranked triathlete for Triathlon Northwest.

    http://podcast.kevinrose.com/dbf17469

    —Huffduffed by justingoboom

  8. David Letterman - The Howard Stern Show

    From The Howard Stern Show (08-16-17) - David Letterman

    For more Howard Stern Show: Website - www.howardstern.com Twitter - www.twitter.com/sternshow Instagram - www.instagram/sternshow Facebook - www.facebook.com/thehowardsternshow

    ===
    Original video: https://soundcloud.com/howardstern/davidletterman
    Downloaded by http://huffduff-video.snarfed.org/ on Tue, 26 Sep 2017 20:19:45 GMT Available for 30 days after download

    —Huffduffed by justingoboom

  9. Upgrade #158: New Theater Smell - Relay FM

    Apple unveiled three new iPhones, a new Apple Watch, a 4K Apple TV, and the new Steve Jobs Theater at its September event. Jason was there and returned home just in time to join with Myke in recapping and analyzing everything that went on at Apple Park.

    https://www.relay.fm/upgrade/158

    —Huffduffed by justingoboom

  10. Connected #159: Badman Ears - Relay FM

    A day after Apple’s event, the boys come up for air long enough to talk about the most recent firmware leak, the dedication of Steve Jobs Theatre, the iPhone 8 — of course — the iPhone X.

    https://www.relay.fm/connected/159

    —Huffduffed by justingoboom

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