The issue with inflation is not so much the creation of new money, it's how that created money is disposed of and what it does to the value of people who have deferred fulfillment for their work and put a little savings aside.
Quite simply, the government(s) have proven that they cannot be trusted with the creation of that money and many of us feel that option should be taken away from them.
The important thing to remember is that it's just tokens.
Yes (as will the money in your bank for what it's worth). Which is why it's best to have a diverse strategy. There are many scenarios where gold will be nearly useless and in most of them the dollar will be worthless.
You have what is called a fiat problem. Both the banks and the government are standing guard at the door to more exchanges opening up to make buying bitcoins trivial. People have their accounts suspended, Paypal and credit cards allow chargebacks making fraud a real risk to sellers.
If you really want in, you'll find a way. If you don't really care much, it will seem hard and you can jump on when it's all made easy for you (and the price is 10-100x higher)
No. The principle of Bitcoin is about eliminating the need to trust. It does this by creating thousands of witnesses to your transaction. It's slightly problematic but it's not a fault of Bitcoin, it's just the nature of the beast.
And if you live halfway up a mountain with no driveway, cars would seem useless to you also.
What does "barely an internet connection" mean anyway? You can only get the ones, not the zeroes.
And yes, Bitcoin requires an internet connection. Not necessarily a good one. Possibly not even a conventional one. But, indeed, some kind of connection to a global distributed transaction log is needed to actually use it.
The thing is, commercials are a terrible value proposition for consumers. For the pennies or, perhaps, fraction of a penny that the entertainment provider receives from the advertiser per viewer per hour, the viewer has to put up with around 18 minutes of wasted time per hour of annoying, repetitive, irrelevant content. I don't know how you value your time but I value mine at more than a nickel per hour so of course viewers will buck against this where possible. A new business model is in order and those that get it right are going to clean up (I believe Netflix is probably mostly there).
Actually, he's right there. The constitution is just an idea and a piece of paper. They are supposed to be protected by the people of the US starting with the branches of government but continuing down to the people themselves. You can draw your own conclusions as to how that stands.
Of course, you don't have to be willing and able to fight for your rights to have them. Ideally, people recognize that it's simply the best way to behave and to treat each other and we all get along and anyone with the inclination to sing Kumbya is free to do so. With that said, fighting definitely does play into working out what rights are since there are plenty of scumbags who will take advantage of others (or, indeed, it may simply need to be determined where the line is).
They're inalienable rights. If you believe in them, everyone has them. They may not be protected by the constitution for foreigners or whatever but that doesn't mean they don't have them.
If you don't believe in them, then you don't believe in them for anybody.
And unless you're especially careful and paranoid, behind the scenes somewhere, there's some data linking that public face and private face and you're only an SQL join away from having them joined up. It's already happened to people with their Youtube and Google accounts.
Yup. Youtube and Google play have lost me as a commentator. I won't be strong-armed into Google plus. I'm this close -><- from cancelling my Facebook account, I certainly don't want to sign up to another social network piece of crap.
Slashdot Mirror
I think you mean "A few years of Obama as president".
The reaction is a fission reaction FWIW, not fusion.
Oh hey, don't be so rough...
The dollar has *some* uses.
The issue with inflation is not so much the creation of new money, it's how that created money is disposed of and what it does to the value of people who have deferred fulfillment for their work and put a little savings aside.
Quite simply, the government(s) have proven that they cannot be trusted with the creation of that money and many of us feel that option should be taken away from them.
The important thing to remember is that it's just tokens.
Yes (as will the money in your bank for what it's worth). Which is why it's best to have a diverse strategy. There are many scenarios where gold will be nearly useless and in most of them the dollar will be worthless.
It didn't happen because Silk Road became a trivial part of the Bitcoin ecosystem a long time ago.
You know how George Soros made his billions, right?
People want dollars because it buys oil.
Of course, the US can try to discourage countries from moving away from it but you can't do an Iraq on everyone.
Price goes up, stability increases. Rome wasn't built in a day.
You have what is called a fiat problem. Both the banks and the government are standing guard at the door to more exchanges opening up to make buying bitcoins trivial. People have their accounts suspended, Paypal and credit cards allow chargebacks making fraud a real risk to sellers.
If you really want in, you'll find a way. If you don't really care much, it will seem hard and you can jump on when it's all made easy for you (and the price is 10-100x higher)
Wait a second. Someone else paying for stuff is what taxes are about.
No. The principle of Bitcoin is about eliminating the need to trust. It does this by creating thousands of witnesses to your transaction. It's slightly problematic but it's not a fault of Bitcoin, it's just the nature of the beast.
I think I need a car analogy though.
Obligatory, errr, not XKCD.... http://www.phdcomics.com/comics/archive/phd042009s.gif
The Kevin BaCoin?
And if you live halfway up a mountain with no driveway, cars would seem useless to you also.
What does "barely an internet connection" mean anyway? You can only get the ones, not the zeroes.
And yes, Bitcoin requires an internet connection. Not necessarily a good one. Possibly not even a conventional one. But, indeed, some kind of connection to a global distributed transaction log is needed to actually use it.
XP was the merging of the 9x line and the 2k line so it came after both, inheritance-wise.
Still faster with a keyboard.
Start menu was an improvement on progman.
XP could (and was) be put into classic mode along with control panel.
And yet the performance experience has remained somewhat constant for decades.
The thing is, commercials are a terrible value proposition for consumers. For the pennies or, perhaps, fraction of a penny that the entertainment provider receives from the advertiser per viewer per hour, the viewer has to put up with around 18 minutes of wasted time per hour of annoying, repetitive, irrelevant content. I don't know how you value your time but I value mine at more than a nickel per hour so of course viewers will buck against this where possible. A new business model is in order and those that get it right are going to clean up (I believe Netflix is probably mostly there).
Actually, he's right there. The constitution is just an idea and a piece of paper. They are supposed to be protected by the people of the US starting with the branches of government but continuing down to the people themselves. You can draw your own conclusions as to how that stands.
Of course, you don't have to be willing and able to fight for your rights to have them. Ideally, people recognize that it's simply the best way to behave and to treat each other and we all get along and anyone with the inclination to sing Kumbya is free to do so. With that said, fighting definitely does play into working out what rights are since there are plenty of scumbags who will take advantage of others (or, indeed, it may simply need to be determined where the line is).
Over 9000 at a minimum.
They're inalienable rights. If you believe in them, everyone has them. They may not be protected by the constitution for foreigners or whatever but that doesn't mean they don't have them.
If you don't believe in them, then you don't believe in them for anybody.
And unless you're especially careful and paranoid, behind the scenes somewhere, there's some data linking that public face and private face and you're only an SQL join away from having them joined up. It's already happened to people with their Youtube and Google accounts.
Yup. Youtube and Google play have lost me as a commentator. I won't be strong-armed into Google plus. I'm this close -><- from cancelling my Facebook account, I certainly don't want to sign up to another social network piece of crap.