Well, not infinitely. They have a smallest possible base unit, the satoshi, which is 0.000 000 01 BTC. Still far more divisible that US dollars and pennies.
Every time there are arguments made like this I remember something I read in the late 90s. It was a scholarly book by a broadcaster (I believe it was about HD TV) that had a section about why Internet video wasn't going to take off. It stated things like "postage stamp-sized video," jumpyness, bad audio... all those problems that were inherent in the early versions of Quicktime and MPEG.
The flaw in the argument comes in the unspoken assumption that what they are looking at is a final version. I personally don't think bitcoin will ever "replace" monetary systems across the world and there is a lot of reasons to hope that it doesn't, but a lot of these arguments make the assumption that no adjustments will ever be made and the ideas and tech. will never improve. And that just *doesn't* happen.
This really depends on WHERE you are talking about in the USA. There are plenty of cases where the police and the jail system are used as arms of the corporate class.
Some of these people literally believe that the Internet is a corporate creation that was spearheaded by Bill Gates... so you can see how solidly they understand the history of networking.
This American Slashdotter thinks it's good. Companies and people should be regulated in proportion to the harm they are capable of doing. Monsanto, a corporation that has literally created PCBs that cover the entire planet, should be regulated to hell. The corner small businessperson shouldn't. I don't see how that is unreasonable.
You know, this phrase "in business to make money" is getting to be said like they are words handed down by God. They're not. Not everything needs to make money to be a worthwhile venture despite what our current dogma in the U.S. says.
Maybe as a society we should be creating some institutions that are in business to make the country or the world better, or in business to increase the sum total of knowledge. There is NOTHING that says everything has to make a profit. We are not Ferengi.
I agree and disagree. Agree that the contracts should be better, but disagree from the aspect that these type of contracts come from the unspoken assumption that they are agreements between equals. It's not. Most contracts between individuals and corporate entities right now are very unequal. Individuals have to sign the contract or they are screwed and corporate entities take huge advantage of that. In this case at least the researcher has some power to take the paper someplace else, but I'm sure that varies based on the field a researcher is in and how high profile the researcher is. Corporations are high concentrations of power, and the idea that contracts are signed by absolute free will as an agreement among equals is laughable.
I've said this before and I will say it again... corporations should be legally prohibited from owning copyrights. They should be legally limited to leasing copyrights from real persons. Copyrights were meant to make MORE material open, not to lock up material so that a corporate entity and gather rents without end.
I think this is majorly unfair moderation. There is a perfectly good argument that Thomas was "paid off" in the Monsanto cases. It's damn obvious that they don't care about conflict of interest issues any more. It's a hyperbolic point calling it a bribe, but it does get some of the shallow minds thinking when the word gets used.
Um, dude, US/North American power plugs traditionally have been the same. Today most plugs have grounds or polarization that prevents them from being reversed, but theoretically they still can reversed.
I didn't read this fine article, but having read some similar in the past it seems like some economists have horrible visceral reactions to Bitcoin because they they have firm stakes in how the status quo works. If something comes in and changes the rules then they their value will diminished or their way of life will be gone.
I don't know if Bitcoin will make it or fail, but something like it is in the works that will take hold and it's threatening to economists, some of which are the "prophets" of the corporate worshiping economy.
My current feeling is that bitcoin isn't the final form for cryptocoin. I think it will morph. The criticism that bitcoin hashing doesn't really DO anything is valid, but I think mining could lead to other cryptocoin systems where the cycles are put to good use. We've already got one that does prime number factoring. I could see a BOINC-like structure where the cycles are doing actual problem solving of some sort.
There are quite a number of sites to buy computer equipment and bitcoin miners themselves. There was also a good auction site called bitmit.com that recently shut down and was quite good.
Plus gyft.com allows gift cards to be bought via bitcoin which is a good way to directly buy goods from big retailers that don't accept them directly.
So there is more than porn available. I will agree basically with the gf post that there is still not enough accepting sites out there, but with the current worth of bitcoin with it's heightening profile that could change.
What is your ulterior motive behind posts like this? These aren't the clueless idiot comments about bitcoin that show up on financial websites... these type of trolls are done for a reason. Are people like you actively shorting bitcoins (by some trick I don't know about) or do you have too much invested in the current system that has the U.S. and world by the balls?
Really, the spike is good news because I'm making so much more money than usual (per USD), but this isn't going to last. It's not going to deflate to $0 though...
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Well, not infinitely. They have a smallest possible base unit, the satoshi, which is 0.000 000 01 BTC. Still far more divisible that US dollars and pennies.
Every time there are arguments made like this I remember something I read in the late 90s. It was a scholarly book by a broadcaster (I believe it was about HD TV) that had a section about why Internet video wasn't going to take off. It stated things like "postage stamp-sized video," jumpyness, bad audio... all those problems that were inherent in the early versions of Quicktime and MPEG.
The flaw in the argument comes in the unspoken assumption that what they are looking at is a final version. I personally don't think bitcoin will ever "replace" monetary systems across the world and there is a lot of reasons to hope that it doesn't, but a lot of these arguments make the assumption that no adjustments will ever be made and the ideas and tech. will never improve. And that just *doesn't* happen.
Yes. The printer of stock certificates have infinite more lawyers.
This really depends on WHERE you are talking about in the USA. There are plenty of cases where the police and the jail system are used as arms of the corporate class.
When the source is open it's easier to vett. It's hard for some people the grok that...
Some of these people literally believe that the Internet is a corporate creation that was spearheaded by Bill Gates... so you can see how solidly they understand the history of networking.
This American Slashdotter thinks it's good. Companies and people should be regulated in proportion to the harm they are capable of doing. Monsanto, a corporation that has literally created PCBs that cover the entire planet, should be regulated to hell. The corner small businessperson shouldn't. I don't see how that is unreasonable.
We wouldn't do that. Protecting people from predatory practices is the dreaded soociialsshinm.
You know, this phrase "in business to make money" is getting to be said like they are words handed down by God. They're not. Not everything needs to make money to be a worthwhile venture despite what our current dogma in the U.S. says.
Maybe as a society we should be creating some institutions that are in business to make the country or the world better, or in business to increase the sum total of knowledge. There is NOTHING that says everything has to make a profit. We are not Ferengi.
I agree and disagree. Agree that the contracts should be better, but disagree from the aspect that these type of contracts come from the unspoken assumption that they are agreements between equals. It's not. Most contracts between individuals and corporate entities right now are very unequal. Individuals have to sign the contract or they are screwed and corporate entities take huge advantage of that. In this case at least the researcher has some power to take the paper someplace else, but I'm sure that varies based on the field a researcher is in and how high profile the researcher is. Corporations are high concentrations of power, and the idea that contracts are signed by absolute free will as an agreement among equals is laughable.
I've said this before and I will say it again... corporations should be legally prohibited from owning copyrights. They should be legally limited to leasing copyrights from real persons. Copyrights were meant to make MORE material open, not to lock up material so that a corporate entity and gather rents without end.
I think this is majorly unfair moderation. There is a perfectly good argument that Thomas was "paid off" in the Monsanto cases. It's damn obvious that they don't care about conflict of interest issues any more. It's a hyperbolic point calling it a bribe, but it does get some of the shallow minds thinking when the word gets used.
Um, dude, US/North American power plugs traditionally have been the same. Today most plugs have grounds or polarization that prevents them from being reversed, but theoretically they still can reversed.
Roddy McDowall was AWSOME wearing that ape suit and playing Satoshi Nakamoto. How can anyone not agree?
Howard Johnson is right!
I didn't read this fine article, but having read some similar in the past it seems like some economists have horrible visceral reactions to Bitcoin because they they have firm stakes in how the status quo works. If something comes in and changes the rules then they their value will diminished or their way of life will be gone.
I don't know if Bitcoin will make it or fail, but something like it is in the works that will take hold and it's threatening to economists, some of which are the "prophets" of the corporate worshiping economy.
any "superstar" CEO more as well.
I can't argue with that. I am doing this for a hobby. I am not going to die if Bitcoin disappears tomorrow.
I don't keep much BTC on hand, actually. I usually buy hardware directly with it. I did sell some yesterday when it was around $800.
My current feeling is that bitcoin isn't the final form for cryptocoin. I think it will morph. The criticism that bitcoin hashing doesn't really DO anything is valid, but I think mining could lead to other cryptocoin systems where the cycles are put to good use. We've already got one that does prime number factoring. I could see a BOINC-like structure where the cycles are doing actual problem solving of some sort.
There are quite a number of sites to buy computer equipment and bitcoin miners themselves. There was also a good auction site called bitmit.com that recently shut down and was quite good.
Plus gyft.com allows gift cards to be bought via bitcoin which is a good way to directly buy goods from big retailers that don't accept them directly.
So there is more than porn available. I will agree basically with the gf post that there is still not enough accepting sites out there, but with the current worth of bitcoin with it's heightening profile that could change.
The USD is used for more criminal activity in a day than Bitcoin is for several years. The argument is tiresome.
What is your ulterior motive behind posts like this? These aren't the clueless idiot comments about bitcoin that show up on financial websites... these type of trolls are done for a reason. Are people like you actively shorting bitcoins (by some trick I don't know about) or do you have too much invested in the current system that has the U.S. and world by the balls?
same ol' shit every thread.
Yes.. ASIC blades mostly.
Really, the spike is good news because I'm making so much more money than usual (per USD), but this isn't going to last. It's not going to deflate to $0 though...