Slashdot Mirror
Btcd - a Bitcoind Alternative Written In Go!
An anonymous reader writes "The folks at Conformal have announced btcd, an alternative full-node implementation to bitcoind, written in Go! They have released the first of their core packages, btcwire, available for download at GitHub. As a bitcoin user myself, I love the idea of a full alternative. It will only make bitcoin stronger and more independent. This will be great for the Go community, too!"
Yep. What the world really needs right now is a new currency whose value fluctuates like a share price.
(Because it's based on the same premise - that it's only worth what people are willing to pay for it).
No sig today...
While technically true, have you seen any major currency fluctuate over >1000% within a month lately? Ignoring what actually happens in real life does not help your argument.
That's funny. I see it as the value of a dollar fluctuates and bitcoin is constant. I guess it's all a matter of perspective. ;)
What have you bought over the last year? How has their price varied in dollars and in bitcoins? No currency's value is constant, but some are a lot more constant than others.
The price of food can double in a single day and you think it's normal? Luckily your wages do the exact same thing, right?
No sig today...
Which makes you a target for such scams :(
Schools used to have subjects called things like "social studies", "civics" or something similar to try to give kids a rudimentary bullshit detector to protect against bent politicians, naturopaths and pyramid schemes. Whatever happened to those?
Given the (currently tiny) market for goods buyable with bitcoins, their 'value' is heavily dependent on the health of the exchanges where you can cash out into some other currency.
Incidentally, those exchanges appear to get hacked and/or DDsSed every couple of months...
With the GPU, FPGA, and ASIC miners either online or coming-real-soon-now, bot-herding in order to outcompete honest nodes is a substantial computational challenge, CPU miners are just too pitiful; but it would seem that the real weakness to exploit is the (much softer) underbelly of conventional web infrastructure and the price swings that attacks on that part of the bitcoin economy can create.
The trade between bitcoins and USD looks sort of like the buying and selling of stock, in a world where it's totally normal for the NYSE to be firebombed multiple times per year...
Which is one of the problems of euro, since it means that neither industry nor tourism get a boost from prices effectively falling. Euro will eventually collapse, of course, once enough countries have gone bankrupt that the rest can't carry it anymore, but it'll be too late for Greece.
Forget magic. Any technology distinguishable from divine power is insufficiently advanced.