Maggie’s Saturday Links

Saturday, July 7th, 2012

And here are two from Radley’s Twitter stream:

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55 Responses to “Maggie’s Saturday Links”

  1. #1 |  Bob | 

    #48 CharlesWT

    Police: Hug Triggers Officer’s Gun, Kills Woman

    According to Stephens, the woman “embraced the officer from behind, causing the holstered weapon to accidently discharge.” The bullet punctured Miller’s lung and hit her heart, and she died at a hospital.

    I call bullshit on this. The only possible way this could happen is with a cross draw, under arm holster with a revolver in it. Even then, the revolver would have to have been almost completely on the guy’s back in order to get a heart shot. It’s just impossible.

    What really happened?

  2. #2 |  Matt | 

    There will be a demand for the drachma to Bitcoin conversion…. and vice-versa too. Bit it’s small, it’s currency laundering for drug transactions.

    What? This isn’t about drug transactions. This is about ordinary Greeks who want a stable place to store their currency if the state-issued currency starts going to shit. Isn’t that what we are talking about? That’s what I was talking about. Wouldn’t those people naturally be interested in Bitcoins, and willing to convert their Drachmas to Bitcoins? I’m not sure I understand your argument.

    That won’t be a problem. That’s why they’ll devalue the new currency. And by “Not a problem”, I don’t mean “Not a problem for the people trying to pay their bills.” Those people will be screwed.

    The people trying to pay their bills will not have a problem and will be screwed? What? I’m not sure I follow? The point is that since you’ll need Drachmas to pay for many things there will be a demand for Drachmas by people with Bitcoins, even if the currency is starting to inflate.

    Smart Greeks have already transferred their bank accounts to other countries in the EU, or have pulled out their cash in Euros and stashed it in their mattresses.

    Would you trust Euros at this point in time? Sure Greece is in worse shape than Europe as a whole, but not by much. That’s the point of Bitcoins, its an international currency that won’t be affected by Europe exploding.

  3. #3 |  Boyd Durkin | 

    they would have been pushed into Chapter 7 liquidation without the government capital and taken their supply chains with them.

    Nope. Not even close to being right.

  4. #4 |  Leon Wolfeson | 

    @52 – Why would there be? Bitcoins are an online currency, you don’t need one to pay food or rent. Utilities, sure…

    Bitcoins have been MASSIVELY volatile in price. USD is the smart bet, or GBP if you’re not thinking straight.

  5. #5 |  Sean L. | 

    Re: Penn Gillette wasting his vote:

    I live in California. A vote for Romney is a total waste. He has ZERO chance of winning the state. (Same goes for you if you’re in New York or Illinois.)

    So exactly how is that any different for me than voting for Gary Johnson?