Real coin has worked for thousands of years. Bitcoins are a new, totally unproven currency.
Except "real coin" isn't what we have --- we have fiat, which is no longer backed by anything.
The fed and the banks just will "federal reserve" monopoly bucks into existence.
When you go to a store, and swipe your credit card.... you think those are "real coins" you are paying with??
NOPE! And I assure you, this mode of payment is not thousands of years old.
For every one of your dollars you put in the bank, your bank lent out 10 imaginary ones.
Chances are you didn't even put in "real dollars though" ---- you received money through DD or "deposited a check" probably from an employer or customer corresponding to a "digital balance", that never had to be realized as real physical anything, because they were also most likely all paid by credit card, checo or DD.
Anybody in Africa who's received a polio vaccine from Gates' foundation would. I'm sure they'd be much more likely to call Gates a hero than Snowden, too.
I don't know.... if Windows, SQL Server, and Microsoft Office weren't so darned expensive, or they went away, so we could be using Open source software instead, there might be 1000x the funds being donated for Polio vaccines in Africa.
Gates is labelled a hero..... but maybe he's the villain depriving large numbers of people of the chance to be heros:)
It was enough for Einstein to just "have helped the US" to be deemed a traitor. He didn't have to copy or steal anything, since the US was deemed an enemy.
Let's find out if this is happening at Chernobyl, so we can start using the stuff to pull Cs137 from the environment.
Research probably not likely to get funding by the USG, since there is no military application for that kind of nuclear research.
On the other hand. bioconcentrators of certain uranium isotopes for purpose of bioenrichment, may be of interest to the gov.....
It's been a while since I used NetApp though. NetApp and 3PAR's management toolkits crap all over HP MSA/EVA or the various IBM SAN consoles for usability.
Yeah... welll.... I believe even Cisco's CLI, Dell Equallogic's management console, and even Nexenta craps on what HP provides with MSA/EVA.
I also hate the UIs of small business storage vendors, and I am thinking of a storage vendor targeting mid-sized companies in particular, where the management UI has pretty limited functionality, you don't get CLI access ("It's for your own protection, honest! [Or to secure our intellectual property!]"), AND you are limited to same basic Share/Volume setup/removal and told to "Call support" to request that they SSH in using remote support tunnel to perform any more advanced operations or configuration changes, such as setting up or turning off the replication between multiple systems, OR recover/remount the cluster filesystems after a backend Ethernet failure, or change your frontend IP addresses.
Of course, this Support requires continuous subscription payments, just to be able to make changes to your own configuration, and somewhat exorbitant costs just for software updates as well ------ this turns out to be important, because if something breaks during a software update, no mechanism is available to revert, and you have to call support.
In general: I hate the mentality of a number of vendors that they can push out a product that is not easy to administer, at low prices that will encourage management to buy: use a generic Linux system, but keep Shell/Root access to themselves (no CLI for the end user, just a menu), and require/insist engineers wait on their product support teams as a crutch for the product.
The same applies just as well to products that aren't well documented, or that require voluminous documentation to understand their UI sufficiently to perform basic operations.
I would agree. The best appliances have good CLIs and REST interfaces. Otherwise they are just a mess of crap. Have you ever seen a SAN interface? Or Vmware?
Yes.... NetApp DataOnTap's SSH shell + OnCommand and VMware ESXi SSH console and.NET vCenter client are some examples of Companies designing management interfaces properly.
If you think THOSE or bad............. then I got a ton of devices with crappy CLIs and GUIs to show you.
*Now VMware is moving in the crappiness direction with their whole deprecation of the.Net client, and shiny new crappy Web1.5 Flash-enabled webUI developed using Adobe flex, but newer vSphere not in production, so don't count the horrible unusable web "UI" against them just yet.
I deposit 1000 X into a bank account. The bank lends 900 of these to somebody else.
This doesn't work, as soon as you need to withdraw 101 BTC to your Bitcoin wallet, and the 900 BTC loaned was already deposited to the Borrower's Bitcoin wallet.
With fiat currency, the fed always has more money to lend the bank, since the federal reserve is allowed to write checks from their $0 account. So if you deposit $1000 US in the bank,
your bank lends out your $900 US, and you need to withdraw $250 US.
Your bank can always give you your $101, as long as they follow the fed's rules and have at least 1/10 the deposit for $ loaned out, because they can borrow $1 from the federal reserve at the currently near 0% interest on reserve funds, etc.
which limits your liability to the amount pre-loaded on the card.
It limits your maximum possible liability, BUT it also creates a minimum liability, ensures you lose at least something --- such cards have a load fee,
so you are guaranteed to lose X% of your money deposited, without it being spent towards useful purchases.
Also, the amount on the card is unlikely to be an exact multiple of amounts spent -- e.g. You have $10.00 on the card, but you need to spend
$9.11 for the in-app purchase., so you have amounts like $0.89 left on each card you use, that becomes dormant and eventually gets lost.
Then there's the whole "inactivity fee" thing.
If you go too long without making purchases, then, you start losing deposited balance.
In other words, I want the option to avoid being asked the question every time, since it puts me one accidental tap away from unlocking purchases forever each time I buy something.
Stipulated; however, this is even more dangerous ---- if changing the setting does not also require that you enter the password again every time you want to change it.
It doesn't matter what is in the contract with apple or bank. The charge put onto the credit card was an act of fraud perpetrated by the child. The card holder did not contractually consent to the transaction.
The card holder entered the number into their Google account, setup the account on the phone, and provided the child access to it, after authorizing with the password --- using an app under agreement whose terms include in-app purchases.
The parent is in the contractual relationship with the app maker, including provisions for the in-app sales, not the child, who cannot enter a contract in the first place.
So, yes, it was a 'properly authorized' charge.
In principle: a dispute of the charge could be rejected, and incur the $50 chargeback fee on the consumer who attempted to do that.
When did they become the retards of the RF world - I thought that title belonged to CB'ers? Honestly, hams are not interested in your phone.
Someone who happens to be a Ham operator, might use a radio-based exploit to attack their phone as a proof of concept.
But it's not likely..... they can't be transmitting on cell phone frequencies from their station anyways, as the transmission outside frequencies within their operating privileges would be a FCC violation that could get their station licenses revoked.
Accountants LOVE the idea that every coin you spend is traceable.
Except the 'accounting' can become fully automatic now, with a verifiable trail.... many low-level accountants might be out of a job; if Bitcoin were to truly replace fiat.
each node will need about 2.6 TB of bandwidth each month, and that's just to handle the needs of 10% of the population of the United States, assuming 5 transactions per person per day.
2.6TB is insignificant -- it's at an average cost of about $1 a month on the average web hosting plan.
2.6TB per Month = about 8.4 Megabits sustained 24x7.
In a world where the average medium sized ecommerce site pulls sustained multiple Gigabits 24x7.
Or put it this way: the BTC network can handle about 604,800 transactions a day.
No.... the maximum block size can easily be expanded to 100MB, which will allow the chain to expand by approximately
14,399GB per day, or 49,151,923.200 transactions per day. It's just a software update.
The arbitrarily limit of 1MB is only an arbitrary limit selected to protect against spam attacks; it can be changed.
Clients don't need to download the entire blockchain; only the headers need to be retained to verify things.
The protocol has been improved over time and will continue to improve.
As long as it is enhanced to accomadate new challenges, it should be successful.
You failed to engage the implicit argument of noblebeast that states cannot be trusted to manage a currency that they can create by fiat
The biggest problem with Fiat currencies is not so much that they are originally created by Fiat.
It's that the banks with the help of the government can change the rules later and print more bills, through fractional reserve, whenever they would like to do so.
With cryptocurrencies The rules are mathematically decided --- the creators of the protocol cannot arbitrarily change the rules later and start printing more coins at a quantity/rate not agreed to when the protocol was created.
The rules can only change with agreement of the users of the currency.
Every time I see/hear someone mention "[X] has no value!" I feel like I have to remind them of the subjectivity of value. Robert Heinlein, I feel, provided the best interpretation:
For the time being, the market has proven that they are worth something, by assigning a value to them on the exchanges.
If they are worthless, then by definition, nobody wants to pay anything for them.
Except iTunes 1.0 didn't come out until the same year Napster was shut down.
I would say Napster -> Bittorrent
eGold -> Bitcoin
Napster was a centralized protocol, so it was vulnerable to a lawsuit against the company that ran it.
Bittorrent with the distributed hash table was a distributed protocol that succeeded Napster.
So far, nobody's managed to shutdown Bittorrent.
That's pretty much the size of it. The plane had ADS-B, ACARS, etc... all of it (apparently) just went "dead" (or was shut off), all at the same time - no mayday call, no nothing.
This may be what the Malaysian airlines get for flying their planes into airspace where North Korea has missiles in the air testing Electro Magnetic Pulse technology.
For example, if a couple of hijackers steal a plane and fly it to Thailand, they will turn off the device around the same time that they turn off the transponder.
OK... then make it a device that can't be turned off, that automatically switches on if the transponder goes off or an emergency is signalled.
Place multiple ones on the plane with independent radios in hidden locations -- mostly accessible only through maintenance compartments and only when the aircraft is on the ground.
They don't need to be $100,000 boxes that tie in with the official flight instruments.
A simple GPS reading will do, with an accelerometer and a gyroscope reading -- should be possible to assemble one of these for less than $1000.
I would suggest each one have two radios, and even under normal operating conditions -- send a non-emergency position update once every 3 minutes; with aircraft identifier, latitude, longitude, altitude; in event of an emergency, 15-second updates on both emerg and non-emerg radios of all the multiple radiobeacon boxes ---- the expensive bit is the ground listening stations to record all this data!
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Bitcoin has not proven itself to be a reliable way to store money.
Neither have dollars..... you leave them lying around on your kitchen table, and someone can break in while you're away and steal them all.
Also... if you deposit them in an investment firm who is not FDIC insured, and they go bankrupt, you might lose them all, just like with Gox.
Plenty of people had their banking details stolen every day. Ever heard of ATM skimmers?
Real coin has worked for thousands of years. Bitcoins are a new, totally unproven currency.
Except "real coin" isn't what we have --- we have fiat, which is no longer backed by anything. The fed and the banks just will "federal reserve" monopoly bucks into existence.
When you go to a store, and swipe your credit card.... you think those are "real coins" you are paying with??
NOPE! And I assure you, this mode of payment is not thousands of years old.
For every one of your dollars you put in the bank, your bank lent out 10 imaginary ones. Chances are you didn't even put in "real dollars though" ---- you received money through DD or "deposited a check" probably from an employer or customer corresponding to a "digital balance", that never had to be realized as real physical anything, because they were also most likely all paid by credit card, checo or DD.
Anybody in Africa who's received a polio vaccine from Gates' foundation would. I'm sure they'd be much more likely to call Gates a hero than Snowden, too.
I don't know.... if Windows, SQL Server, and Microsoft Office weren't so darned expensive, or they went away, so we could be using Open source software instead, there might be 1000x the funds being donated for Polio vaccines in Africa.
Gates is labelled a hero..... but maybe he's the villain depriving large numbers of people of the chance to be heros :)
It was enough for Einstein to just "have helped the US" to be deemed a traitor. He didn't have to copy or steal anything, since the US was deemed an enemy.
Let's find out if this is happening at Chernobyl, so we can start using the stuff to pull Cs137 from the environment.
Research probably not likely to get funding by the USG, since there is no military application for that kind of nuclear research. On the other hand. bioconcentrators of certain uranium isotopes for purpose of bioenrichment, may be of interest to the gov.....
The place is isolated.... what is the ignition source; if there is no heat produced by decay of materials?
It's been a while since I used NetApp though. NetApp and 3PAR's management toolkits crap all over HP MSA/EVA or the various IBM SAN consoles for usability.
Yeah... welll.... I believe even Cisco's CLI, Dell Equallogic's management console, and even Nexenta craps on what HP provides with MSA/EVA.
I also hate the UIs of small business storage vendors, and I am thinking of a storage vendor targeting mid-sized companies in particular, where the management UI has pretty limited functionality, you don't get CLI access ("It's for your own protection, honest! [Or to secure our intellectual property!]"), AND you are limited to same basic Share/Volume setup/removal and told to "Call support" to request that they SSH in using remote support tunnel to perform any more advanced operations or configuration changes, such as setting up or turning off the replication between multiple systems, OR recover/remount the cluster filesystems after a backend Ethernet failure, or change your frontend IP addresses.
Of course, this Support requires continuous subscription payments, just to be able to make changes to your own configuration, and somewhat exorbitant costs just for software updates as well ------ this turns out to be important, because if something breaks during a software update, no mechanism is available to revert, and you have to call support.
In general: I hate the mentality of a number of vendors that they can push out a product that is not easy to administer, at low prices that will encourage management to buy: use a generic Linux system, but keep Shell/Root access to themselves (no CLI for the end user, just a menu), and require/insist engineers wait on their product support teams as a crutch for the product.
The same applies just as well to products that aren't well documented, or that require voluminous documentation to understand their UI sufficiently to perform basic operations.
I would agree. The best appliances have good CLIs and REST interfaces. Otherwise they are just a mess of crap. Have you ever seen a SAN interface? Or Vmware?
Yes.... NetApp DataOnTap's SSH shell + OnCommand and VMware ESXi SSH console and .NET vCenter client are some examples of Companies designing management interfaces properly.
If you think THOSE or bad............. then I got a ton of devices with crappy CLIs and GUIs to show you.
*Now VMware is moving in the crappiness direction with their whole deprecation of the .Net client, and shiny new crappy Web1.5 Flash-enabled webUI developed using Adobe flex, but newer vSphere not in production, so don't count the horrible unusable web "UI" against them just yet.
I deposit 1000 X into a bank account. The bank lends 900 of these to somebody else.
This doesn't work, as soon as you need to withdraw 101 BTC to your Bitcoin wallet, and the 900 BTC loaned was already deposited to the Borrower's Bitcoin wallet.
With fiat currency, the fed always has more money to lend the bank, since the federal reserve is allowed to write checks from their $0 account. So if you deposit $1000 US in the bank, your bank lends out your $900 US, and you need to withdraw $250 US.
Your bank can always give you your $101, as long as they follow the fed's rules and have at least 1/10 the deposit for $ loaned out, because they can borrow $1 from the federal reserve at the currently near 0% interest on reserve funds, etc.
which limits your liability to the amount pre-loaded on the card.
It limits your maximum possible liability, BUT it also creates a minimum liability, ensures you lose at least something --- such cards have a load fee, so you are guaranteed to lose X% of your money deposited, without it being spent towards useful purchases.
Also, the amount on the card is unlikely to be an exact multiple of amounts spent -- e.g. You have $10.00 on the card, but you need to spend $9.11 for the in-app purchase., so you have amounts like $0.89 left on each card you use, that becomes dormant and eventually gets lost.
Then there's the whole "inactivity fee" thing. If you go too long without making purchases, then, you start losing deposited balance.
In other words, I want the option to avoid being asked the question every time, since it puts me one accidental tap away from unlocking purchases forever each time I buy something.
Stipulated; however, this is even more dangerous ---- if changing the setting does not also require that you enter the password again every time you want to change it.
It doesn't matter what is in the contract with apple or bank. The charge put onto the credit card was an act of fraud perpetrated by the child. The card holder did not contractually consent to the transaction.
The card holder entered the number into their Google account, setup the account on the phone, and provided the child access to it, after authorizing with the password --- using an app under agreement whose terms include in-app purchases.
The parent is in the contractual relationship with the app maker, including provisions for the in-app sales, not the child, who cannot enter a contract in the first place. So, yes, it was a 'properly authorized' charge.
In principle: a dispute of the charge could be rejected, and incur the $50 chargeback fee on the consumer who attempted to do that.
You'll have the means and inclination to devote N hours of your own time every day simply to keeping them entertained.
It's called, being sent outside to play: and not allowed back home until meal time.
When did they become the retards of the RF world - I thought that title belonged to CB'ers? Honestly, hams are not interested in your phone.
Someone who happens to be a Ham operator, might use a radio-based exploit to attack their phone as a proof of concept.
But it's not likely..... they can't be transmitting on cell phone frequencies from their station anyways, as the transmission outside frequencies within their operating privileges would be a FCC violation that could get their station licenses revoked.
1. Create a tax on coal and coal-based power generation designed to collect the $50 billion.
2. After revenue collected, begin the buyout and shutdown program.
HOWEVER, my suspicion is --- buyout a few companies, and the rest will become more expensive.
Buy out them all, and the CITIZENS will pay the price, as energy bills skyrocket.
Accountants LOVE the idea that every coin you spend is traceable.
Except the 'accounting' can become fully automatic now, with a verifiable trail.... many low-level accountants might be out of a job; if Bitcoin were to truly replace fiat.
each node will need about 2.6 TB of bandwidth each month, and that's just to handle the needs of 10% of the population of the United States, assuming 5 transactions per person per day.
2.6TB is insignificant -- it's at an average cost of about $1 a month on the average web hosting plan.
2.6TB per Month = about 8.4 Megabits sustained 24x7.
In a world where the average medium sized ecommerce site pulls sustained multiple Gigabits 24x7.
Or put it this way: the BTC network can handle about 604,800 transactions a day.
No.... the maximum block size can easily be expanded to 100MB, which will allow the chain to expand by approximately 14,399GB per day, or 49,151,923.200 transactions per day. It's just a software update. The arbitrarily limit of 1MB is only an arbitrary limit selected to protect against spam attacks; it can be changed.
Clients don't need to download the entire blockchain; only the headers need to be retained to verify things.
The protocol has been improved over time and will continue to improve.
As long as it is enhanced to accomadate new challenges, it should be successful.
You failed to engage the implicit argument of noblebeast that states cannot be trusted to manage a currency that they can create by fiat
The biggest problem with Fiat currencies is not so much that they are originally created by Fiat. It's that the banks with the help of the government can change the rules later and print more bills, through fractional reserve, whenever they would like to do so.
With cryptocurrencies The rules are mathematically decided --- the creators of the protocol cannot arbitrarily change the rules later and start printing more coins at a quantity/rate not agreed to when the protocol was created. The rules can only change with agreement of the users of the currency.
OK then...
milliCent->Ditigal Gold currencies (eGold, e-Buillion)->Liberty Reserve Dollars-> NetBill->Bitcoin
Oh, that will work! In that case, I would like to announce my donation to the Wikimedia Foundation, in the amount of $666.
On behalf of the internet community... Thank you! Your contribution to the betterment of human knowledge is appreciated.
Every time I see/hear someone mention "[X] has no value!" I feel like I have to remind them of the subjectivity of value. Robert Heinlein, I feel, provided the best interpretation:
For the time being, the market has proven that they are worth something, by assigning a value to them on the exchanges.
If they are worthless, then by definition, nobody wants to pay anything for them.
Except iTunes 1.0 didn't come out until the same year Napster was shut down.
I would say Napster -> Bittorrent
eGold -> Bitcoin
Napster was a centralized protocol, so it was vulnerable to a lawsuit against the company that ran it. Bittorrent with the distributed hash table was a distributed protocol that succeeded Napster. So far, nobody's managed to shutdown Bittorrent.
That's pretty much the size of it. The plane had ADS-B, ACARS, etc... all of it (apparently) just went "dead" (or was shut off), all at the same time - no mayday call, no nothing.
This may be what the Malaysian airlines get for flying their planes into airspace where North Korea has missiles in the air testing Electro Magnetic Pulse technology.
For example, if a couple of hijackers steal a plane and fly it to Thailand, they will turn off the device around the same time that they turn off the transponder.
OK... then make it a device that can't be turned off, that automatically switches on if the transponder goes off or an emergency is signalled.
Place multiple ones on the plane with independent radios in hidden locations -- mostly accessible only through maintenance compartments and only when the aircraft is on the ground.
They don't need to be $100,000 boxes that tie in with the official flight instruments. A simple GPS reading will do, with an accelerometer and a gyroscope reading -- should be possible to assemble one of these for less than $1000.
I would suggest each one have two radios, and even under normal operating conditions -- send a non-emergency position update once every 3 minutes; with aircraft identifier, latitude, longitude, altitude; in event of an emergency, 15-second updates on both emerg and non-emerg radios of all the multiple radiobeacon boxes ---- the expensive bit is the ground listening stations to record all this data!