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View Diary: The Problem with Crypto-Currencies and Why SolarCoin is Different (124 comments)

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  •  I sorry it seems like I may have unintentionally (2+ / 0-)
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    nuketeacher, Eric Stetson

    discouraged you Eric and you are one of my favorite people here. I hadn't read yet that you were volunteering for this non-profit institute. If you are involved with it I'm sure it is a good thing.

    As you might have guessed I was never chosen to be the head of any major diplomatic missions to any place important.

    As I get older I find things I don't understand sort of confront me with a bigger challenge. When I was younger this was like an exciting opportunity. Now I tend to grit my teeth and keep pounding away at them until I can find some entry way until my mind can grasp them and pull and push every aspect of it predicting correctly how the whole system should and will react, and then testing it against what other people think and data.

    The fact that I haven't been able to do that yet with these cryptocurrencies annoys me, and I see now that I have not been as skillful and diplomatic as I should have in separating the idea from the people. Sorry about this.  

    The scientific method requires us to attack ideas for robustness, hypothesis testing, refinement, extreme conditions testing etc. We should not do this with people, especially not our friends.

    Please accept my apologizes if I didn't see completely any overlap between the ideas being advanced here and the people advancing them. All my previous questions were in relation only to the hypothetical example advanced by nuketeacher which stimulated many useful questions and discussions.

    The insights generated by your lively comment threads by everyone here stimulated such a frothy brew of new issues and perspecives that I may have lost empathy and perspective for a moment and in a sea of abstractions in my own head that no longer contained any connection to the people's feelings who may have been advancing them.
    I hate it when this happens. Sorry once again.

    Your last comment is right on target, when you suggest the idea you are promoting for your local community is so small compared to he national economy that imbalances of he aggregate money supply as measured by M1, M2, M3 relative to total GDP are so completely irrelevant as to be absurd, and I'm sorry to have even brought it up.

    The only explanation I can give is that one on my friends from graduate school did his PhD thesis on a dynamic mathematical computer simulation model of an feedback  "anchor and adjustment representation of the Federal Reserves decision making process for setting the interest rates in response to perceived inflation, money supply and GDP under Franco Modigliani who received he Noble Prize for some of his work in this area (Modigliani not my friend, not yet anyway,) and we "talked" a lot about this for a couple years in a way that any one overhearing it might have thought was arguing but was really he best fun that could ever be had.  

    In this thought space nothing exists but pure pure conception. You guys had my thoughts flying back and forth like it was the good ole days but I wondered off in the wrong direction, and was reliving some of the old debates from the past. Maybe like a positive form of PTSD.

    What would you call it if it were Post Fun Re-Yearning Synddrome?

    My typing speeds up and I appear to be much more aggressive as I appear to be demanding answers to questions not even properly asked yet. Sorry. Thanks for taking me back to the good ole days.    


    "Seriously, Folks, WTH?" - ("What the Heck? "h/t Joan McCarter, Seriously, Florida. WTF?)

    by HoundDog on Sun Apr 13, 2014 at 08:50:55 PM PDT

    [ Parent ]

    •  No need to apologize. :) (1+ / 0-)
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      It's good to ask questions and think critically about radical new ideas. As long as people keep an open mind and are willing to learn, then I have no problem engaging in extensive dialogue. It actually helps me to think more about things from different angles and figure out if there are issues where I need to study more and think more to have a better understanding. :)

      The most serious problem in American politics today is that people with wrong ideas are uncompromising, and people with good ideas are submissive and unwilling to fight. Change that, and we might have a real democracy again.

      by Eric Stetson on Mon Apr 14, 2014 at 09:35:23 AM PDT

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