Social Social Thread - Talk About Anything (You Are Allowed to Talk About)!

[ballin4life]

True, but (1) bank accounts are insured by the FDIC up to $100K and (2) I remember hearing that casinos in the U.S. (might not be all of the U.S., but I think at least in Vegas) need to keep enough cash to be able to cash out every chip distributed.

EDIT: And I might be wrong, but I think that banks don't use customers' funds for operating expenses either.

Banks loan out the money and do other things with it. I don't see why it matters what in particular they do with the money.

Also, it's not like banks loan out your money because of FDIC insurance. FDIC insurance was invented because banks loaning out customer funds led to bank runs in the past (I think FDIC insurance is a bad thing though, because now customers don't care at all who they give their money to).

 

[clubbadubba]

pretty sure the insurance started because of the great depression. banks couldn't pay pack their customers, and everyone lost their life savings, throwing the country into over a decade of poverty. FDIC insurance is a GOOD thing.

 

[DMoogle]

Banks loan out the money and do other things with it. I don't see why it matters what in particular they do with the money.

Also, it's not like banks loan out your money because of FDIC insurance. FDIC insurance was invented because banks loaning out customer funds led to bank runs in the past (I think FDIC insurance is a bad thing though, because now customers don't care at all who they give their money to).

The reason I brought up the FDIC insurance was for the customer's security. You said "Anyway, you know that what happened here with the Full Tilt Player accounts is pretty similar to what happens with your bank accounts, right? The money isn't actually there, but the bank keeps enough on hand to give that illusion when people come to make withdrawals." While that's true, I don't really care what they do with my money as long as I'm guaranteed its safety.

As long as it's insured, you're right, I don't care what they do with my money. However, if it's not insured (as is the case with the poker sites), what they do with my money is crucial to how safe it is. If they just keep my money in a money market account, then I shouldn't have much to fear. But if they're subjecting it to extra risk via reinvesting it into the company (i.e. using it for operating expenses), then I do have something to fear.

 

[ciaza]

Judging an entire series based off the first chapter? Seriously? I almost want to turn the manga-hating side just because of this lol

I was joking. Just making a point after Battlecow and clubba judged Negima after the first chapter >_>.

Of course I've read the entire Harry Potter series, I don't think you'll find anyone in my city at my age who hasn't.

I didn't mind the second ending of Death Note. Personal preference and what not.

Bad luck Moogle.

 

[Battlecow]

Anyway, you know that what happened here with the Full Tilt Player accounts is pretty similar to what happens with your bank accounts, right? The money isn't actually there, but the bank keeps enough on hand to give that illusion when people come to make withdrawals.

Banks loan out the money and do other things with it. I don't see why it matters what in particular they do with the money.

Also, it's not like banks loan out your money because of FDIC insurance. FDIC insurance was invented because banks loaning out customer funds led to bank runs in the past (I think FDIC insurance is a bad thing though, because now customers don't care at all who they give their money to).

I bet the GOLD STANDARD would fix all that, huh?

ballibertarian' for life.

 

[TANK64]

Sooo many pages...

-Filler episodes are one reason I like DBZ movies so much. There are fast developments and someone actually dies at the end of the fight (...usually).

- @A$, =( *hugs*. Hope for the best.

 

[Battlecow]

You know what I hate about melee? How much they nerfed Weegee's SJP. That literally annoys me more than all of the changes I have to make to accommodate the new physics, all the techskill I have to learn, etc.

 

[DMoogle]

MY EYES

Man why do they keep having to change the skin.

EDIT: Okey doke randomly back to normal.

 

[ballin4life]

pretty sure the insurance started because of the great depression. banks couldn't pay pack their customers, and everyone lost their life savings, throwing the country into over a decade of poverty. FDIC insurance is a GOOD thing.

Uh, you realize this is exactly what I said right? (except for the part about it being a good thing).

But anyway, moral hazard etc etc. FDIC insurance allows banks to get away with crazy stuff because consumers don't care about where they hold their money, since it's insured anyway.

Also the great depression was caused by things that happened before the bank runs. It's simple logic - even if the government bails people out, the losses are still there. They've just been transferred to a different group of people. So the country was headed for poverty no matter what.

The reason I brought up the FDIC insurance was for the customer's security. You said "Anyway, you know that what happened here with the Full Tilt Player accounts is pretty similar to what happens with your bank accounts, right? The money isn't actually there, but the bank keeps enough on hand to give that illusion when people come to make withdrawals." While that's true, I don't really care what they do with my money as long as I'm guaranteed its safety.

As long as it's insured, you're right, I don't care what they do with my money. However, if it's not insured (as is the case with the poker sites), what they do with my money is crucial to how safe it is. If they just keep my money in a money market account, then I shouldn't have much to fear. But if they're subjecting it to extra risk via reinvesting it into the company (i.e. using it for operating expenses), then I do have something to fear.

My point was merely that their scheme is not unusual at all. In fact, it's pretty standard for modern human history.

Now, I do consider it to be a problem that no one knew that they were doing this, but I also think that even if they had revealed this scheme, maybe people would have just said "oh it's like the bank" and done nothing.

I bet the GOLD STANDARD would fix all that, huh?

ballibertarian' for life.

gold standard is for noob libertarians. free banking holla

 

[DMoogle]

Uh, you realize this is exactly what I said right? (except for the part about it being a good thing).

But anyway, moral hazard etc etc. FDIC insurance allows banks to get away with crazy stuff because consumers don't care about where they hold their money, since it's insured anyway.

If the insurance wasn't there, people would still put their money in banks would still get away with crazy stuff. And don't give me the efficient market bogus. I'm consistently surprised by how many smart people say less regulation = better. In a perfectly efficient market, that is indeed true. However, the market is far, far, far from being that efficient (fortunately, as technology increases and people have more ways to become connected with each other, we're toward being more efficient). Consumer protection regulation is necessary for the well-being of society. There are plenty of instances where it does more good than harm.

Also the great depression was caused by things that happened before the bank runs. It's simple logic - even if the government bails people out, the losses are still there. They've just been transferred to a different group of people.

Which makes all the difference in the world.

So the country was headed for poverty no matter what.

Not necessarily at all. Look at the financial crisis. If the government hadn't intervened, we would've had an absolute catastrophe. Why? Because

Now, I do consider it to be a problem that no one knew that they were doing this, but I also think that even if they had revealed this scheme, maybe people would have just said "oh it's like the bank" and done nothing.

It's a pretty huge deal on 2+2, and PStars has confirmed that they do not. Of course, it might only be a huge deal because everyone has been worried about getting paid since Black Friday.

 

[KnitePhox]

skype+smash (with unk, agent, supa, jin, and boom-in my experience) is too fun

everyone with a decent and/or good internet connection with a mic should try it out. no need to use server or game chat (still good, not as good imo) and its easier to get and give direct reactions to happenings whether it be desyncs, gfx errors, or what really makes skype k0oL, combos and neat in-game happenings.

TRY IT OUT mengs'.

 

[Surri-Sama]

I know I'm slow to watch TV shows but Penn & Teller Bull **** is priceless lol.

Season 2 ep 1 got me hooked now i have to watch everything O_O

My sister actually showed me this, mostly because she used to be a P.E.T.A member/ fanatic / w,e they are. Classic to say the least.

 

[DMoogle]

P&T Bull**** is a pretty awesome show, but there's some bull**** in it itself. Fortunately they're very upfront about how biased the show is. Usually they're on the right side (skepticism), but just always keep in mind that the "bull**** studies" they conduct are just that... bull**** studies.

Bottled water, war on drugs, and boy scouts episodes are my favorites.

 

[Wenbobular]

You know what I hate about melee? How much they nerfed Weegee's SJP. That literally annoys me more than all of the changes I have to make to accommodate the new physics, all the techskill I have to learn, etc.

At least he has movespeed now, but yeah lack of aerial up-b kill (except on Fox at like 90% out of throw, it still kills him) kinda sucks

Grounded up-b is still as powerful as ever though, useful for punishing stuff laggy recoveries and people roll / sidestep / shield pressure / tech predictably

 

[Surri-Sama]

P&T Bull**** is a pretty awesome show, but there's some bull**** in it itself. Fortunately they're very upfront about how biased the show is. Usually they're on the right side (skepticism), but just always keep in mind that the "bull**** studies" they conduct are just that... bull**** studies.

Bottled water, war on drugs, and boy scouts episodes are my favorites.

yeah the show is obviously in favor of the show but like you said they even turn that into a joke so for entertainment value i think it doesn't get much better.

Water just needs to be cold. Tap or bottled lol keep it in the fridge and you're fine.

 

[Zantetsu]

skype+smash (with unk, agent, supa, jin, and boom-in my experience) is too fun

everyone with a decent and/or good internet connection with a mic should try it out. no need to use server or game chat (still good, not as good imo) and its easier to get and give direct reactions to happenings whether it be desyncs, gfx errors, or what really makes skype k0oL, combos and neat in-game happenings.

TRY IT OUT mengs'.

Sounds exciting. If only I had a headset. I do have a mic and some speakers, but that's just a pain in the ***.

 

[KnitePhox]

Sounds exciting. If only I had a headset. I do have a mic and some speakers, but that's just a pain in the ***.

for open mics like those on laptops, a simple remedy for removing feedback is headphones. You don't NEED a headset to have an effective mic setup, though it's convinient

 

[Zantetsu]

Wow, I'm surprised I didn't think of headset + mic combo. That would work almost perfectly. Even though I don't have a laptop, I have a nice standup mic that would work. It may block the bottom of my screen but my smash window is always on top anyway.

I'll try this sometime tomorrow, most likely. If not, next week. What's everyone's Skype user?

 

[malva00]

just finished watching this movie http://www.youtube.com/watch?v=yj9Wij7lZPE

it had its moments. i only looked at how much time was left one time

 

[ballin4life]

If the insurance wasn't there, people would still put their money in banks would still get away with crazy stuff. And don't give me the efficient market bogus. I'm consistently surprised by how many smart people say less regulation = better. In a perfectly efficient market, that is indeed true. However, the market is far, far, far from being that efficient (fortunately, as technology increases and people have more ways to become connected with each other, we're toward being more efficient). Consumer protection regulation is necessary for the well-being of society. There are plenty of instances where it does more good than harm.

This simply isn't the case. If insurance wasn't there people would shop around and look for banks that are in line with their personal risk preferences. I mean, we see this exact effect happen already with things like hedge funds/mutual funds/ETFs already.

Consumer protection regulation is particularly unnecessary because the market can fulfill that function. I know that when I want to buy something, I often go read reviews online. I'm so glad the government makes people do these reviews ... oh wait.

That's just an example to demonstrate the principle.

I loled at "I'm consistently surprised by how many smart people say less regulation = better". I can just say I'm surprised people can say more regulation is better. Do you disagree that less regulation is better in 99% of cases? Sure, we can have a grand debate about the other 1%, but from your generalized statement above it seems you don't even believe the principle in general (first welfare theorem).

Which makes all the difference in the world.
Not necessarily at all. Look at the financial crisis. If the government hadn't intervened, we would've had an absolute catastrophe. Why? Because

I'd sure like to have your powers of sight into alternate futures. Plenty of people disagree with this.

Anyway, it's important to note that government regulations/interventions and poor monetary policy has a large part in causing the financial crisis.

It's a pretty huge deal on 2+2, and PStars has confirmed that they do not. Of course, it might only be a huge deal because everyone has been worried about getting paid since Black Friday.

Obviously it matters tremendously now. But if Full Tilt had revealed this before the DOJ shutdown, would you have pulled your money out? Would everyone else have pulled their money out?

 

[jimmyjoe]

Yeah, I've got legit reasons now. Since my girlfriend moved in, I stopped going out so much. Like, a lot more. I've got more time for smash than ever.

Wait let me get this straight, because I live with my girlfriend and I think this is what you said:

You now live with your girlfriend, and you now have MORE time for smash?
She must be a keeper

 

[Zantetsu]

Wait let me get this straight, because I live with my girlfriend and I think this is what you said:

You now live with your girlfriend, and you now have MORE time for smash?
She must be a keeper

Well, the reason I didn't have much time before, is because I preferred partying more than staying home in front of my computer screen. Now that she's moved in, I settled down a lot more and I find myself back in front of this screen for hours a day. Fun stuff, lol.

But yeah, she's indeed a keeper. She's really interested in learning Melee and I've been teaching her a lot of stuff. A gf who smashes is good enough for me :3

 

[jimmyjoe]

Wow, she actually wants to play smash!? Incredible...
I'm still working on getting milady to tolerate video games.

 

[Zantetsu]

Wow, she actually wants to play smash!? Incredible...
I'm still working on getting milady to tolerate video games.

May the force be with you, good sir. I hope all goes well xD

 

[Surri-Sama]

May the force be with you, good sir. I hope all goes well xD

you better watch out talking like this though..or soon you'll be "THAT" guy...ahem...And yeah ima move this to Social thread xP

 

[The Star King]

The only girl I can remember ever playing Smash with IRL is my sister. Her two main strategies were jumping above people with Kirby and using the Stone, and randomly mashing A when she was under pressure.

*sigh*

 

[Zantetsu]

you better watch out talking like this though..or soon you'll be "THAT" guy...ahem...And yeah ima move this to Social thread xP

What? You can't use the force?

Scrub.

 

[Surri-Sama]

What? You can't use the force?

Scrub.

lol ah nevermind.

 

[Zantetsu]

lol ah nevermind.

Yeah, that's right "nevermind."

Canadians.. You guys only wish you had this AMERICAN FORCE!

 

[th3kuzinator]

I think bcow would have something to say about that.

 

[The Star King]

Don't tell me BHLRMO is another Battlecow.

 

[Zantetsu]

Don't tell me BHLRMO is another Battlecow.

Who the **** is BHLRMO? Sounds like a douche.

 

[th3kuzinator]

Yeah he's another bcow, just less witty.

 

[Zantetsu]

Yeah he's another bcow, just less witty.

I have my days

 

[The Star King]

For some reason I always imagined it as BHLRMO. Now I'm going to call you that for like a month before finally getting used to it.

 

[Zantetsu]

For some reason I always imagined it as BHLRMO. Now I'm going to call you that for like a month before finally getting used to it.

Or you can ditch the old alias and go with the new one, that would probably make things easier

Edit: Surri, post or gtfo. I see you lurkin.

 

[Battlecow]

BHLMRO and I are now TEAM AMERICA.

Get the **** at us.

 

[Zantetsu]

BHLMRO and I are now TEAM AMERICA.

Get the **** at us.

I strongly agree.

I'm BHLMRO and I support this message.

 

[Surri-Sama]

lol wtf callin a mod out for lurking..leave me be BHLRMO!

 

[Wenbobular]

For some reason I always imagined it as BHLRMO. Now I'm going to call you that for like a month before finally getting used to it.

The urge to speak his name in the way that makes it sounds like Blur-mo is too great ... I too call him Blur-mo ...