This is totally false. Almost all bank transactions are reversible in the case of fraud
A friend just lost $20,000 because of a fraudulent wire transfer. The bank says they have a signature and a copy of the ID, and so refuse to reverse it. Would it be OK if they contacted you so you could straighten them out?
Sure, I will help them figure out how to hire a lawyer. Or you can pass the message along.
Hardware fail-safes protect from so called, "never events". They are an added layer of protection beyond the software level, and should never be depended upon by the SCADA system.
That's because CS is math, not engineering. Computer Engineering is engineering, Computer Science is the study of the mathematics of computer systems. CE is a lot rarer than CS though, so a lot of people with CS degrees try to be engineers, but aren't trained for it.
The difference between CS and CE is usually just the name the department chooses, not their course work. In other words it is usually a cosmetic difference.
This is not true, or even approximately true. CE is a discipline of EE. It is created mostly by learning EE, with a few computer architecture classes, lots of Verilog, and a few CS classes. In most universities, the program is offered by the EE college.
I would agree with, "bubble market on an artificially scarce resource". It is certainly poised to collapse, particularly when/if it becomes difficult to exchange bitcoins for actual currency.
Pyramid schemes charge new members a fee to join, with the incentive being that they will receive a cut of this fee for each person that they sign up. People at the top receive the lions share of the money, and people unable to recruit new members lose all of their money. While bitcoin certainly rewarded early adopters when they were easier to mine, that is where the similarity stops. When someone buys a bitcoin, their purchase only benefits the seller, and nobody else.
Is it really possible to have an exchange that is not based on trust? I have hesitated to buy any bitcoin, because Mt Gox did not seem trustworthy; but would gladly buy them from a bank.
With a known wallet application, a torjan need only sit and wait for someone to use it. For many users, good botnet trojans go un-noticed for months or years. Cold storage is much safer, and a hardware wallet would be great. Computer wallets are a false sense of security.
Non-banker criminals who are wise will stay well away from anything that has a list of all transactions ever associated to it by design.
This is misguided at best. Bitcoin transactions are not reversible, so unlike credit card/bank account fraud, the criminal can directly profit. In most cases, the theif is not in a jurisdiction that particularly cares, and their only impediment is finding a money mule with credentials to receive the money and re-transmit it in a non-reversible way (Western Union). I guess at least bitcoin protects the people who fall for Nigerian money mule schemes...
This is kind of bullshit, because even with encryption, you are still only a keystroke logger away from having all of your bitcoins stolen. Think, any time that you get a trojan, or become a botnet client, your money could be stolen... forever. Unlike credit cards and bank accounts, bitcoin transactions are not reversible.
Actually reading the post rarely has anything to do with trolling. It is more exciting to blurt out the first negative thing that comes to mind. Ignore the idiot, and feel better about life:)
This type of thing mostly requires the client computers to trust a CA that the firewall uses, so the ISP would need administrator style access to the target machines. Unlikely.
you could upgrade through the intermediate releases until you were current: 4.10 to 5.04 to 6.06 (1st LTS) to 8.04 (LTS) to 10.4 (LTS) to 12.04 (latest LTS).
Wrestling with several bugs and configuration file incompatibilities at each step. This upgrade process would be a nightmare, and a person would be well advised to consider how hard a fresh install really would be.
Slashdot Mirror
A friend just lost $20,000 because of a fraudulent wire transfer. The bank says they have a signature and a copy of the ID, and so refuse to reverse it. Would it be OK if they contacted you so you could straighten them out?
Sure, I will help them figure out how to hire a lawyer. Or you can pass the message along.
Is a piece of wax melting analog, or something else entirely?
Hardware fail-safes protect from so called, "never events". They are an added layer of protection beyond the software level, and should never be depended upon by the SCADA system.
That's because CS is math, not engineering. Computer Engineering is engineering, Computer Science is the study of the mathematics of computer systems. CE is a lot rarer than CS though, so a lot of people with CS degrees try to be engineers, but aren't trained for it.
The difference between CS and CE is usually just the name the department chooses, not their course work. In other words it is usually a cosmetic difference.
This is not true, or even approximately true. CE is a discipline of EE. It is created mostly by learning EE, with a few computer architecture classes, lots of Verilog, and a few CS classes. In most universities, the program is offered by the EE college.
It is amazing how fast we have forgotten the Therac 25....
...except this was no different from someone doing the same thing to a bank. Your arguement is invalid
This is totally false. Almost all bank transactions are reversible in the case of fraud, no bitcoin transactions are ever reversible.
I would agree with, "bubble market on an artificially scarce resource". It is certainly poised to collapse, particularly when/if it becomes difficult to exchange bitcoins for actual currency.
Pyramid schemes charge new members a fee to join, with the incentive being that they will receive a cut of this fee for each person that they sign up. People at the top receive the lions share of the money, and people unable to recruit new members lose all of their money. While bitcoin certainly rewarded early adopters when they were easier to mine, that is where the similarity stops. When someone buys a bitcoin, their purchase only benefits the seller, and nobody else.
Volatile, yes. Unstable, yes. Potentially difficult to liquidate, yes. Extremely risky investment, yes. Pyramid scheme, no.
They are not going to get their money back, but bitcoin is not a pyramid scheme.
Fiat money is money that derives its value from government regulation or law.
No.
Is it really possible to have an exchange that is not based on trust? I have hesitated to buy any bitcoin, because Mt Gox did not seem trustworthy; but would gladly buy them from a bank.
With a known wallet application, a torjan need only sit and wait for someone to use it. For many users, good botnet trojans go un-noticed for months or years. Cold storage is much safer, and a hardware wallet would be great. Computer wallets are a false sense of security.
Arbitrage between existing currency and bitcoin is essential to its continued success.
Non-banker criminals who are wise will stay well away from anything that has a list of all transactions ever associated to it by design.
This is misguided at best. Bitcoin transactions are not reversible, so unlike credit card/bank account fraud, the criminal can directly profit. In most cases, the theif is not in a jurisdiction that particularly cares, and their only impediment is finding a money mule with credentials to receive the money and re-transmit it in a non-reversible way (Western Union). I guess at least bitcoin protects the people who fall for Nigerian money mule schemes...
This is kind of bullshit, because even with encryption, you are still only a keystroke logger away from having all of your bitcoins stolen. Think, any time that you get a trojan, or become a botnet client, your money could be stolen... forever. Unlike credit cards and bank accounts, bitcoin transactions are not reversible.
Settled, but only one counterexample away from oblivion.
The EE lab at my university had safety practices mirroring the industry, but none of the more academic departments did.
Industrial labs do research. Many of your favorite petrochemical products were designed in industrial laboratories.
Where did I say LSD was like marijuana?
Actually reading the post rarely has anything to do with trolling. It is more exciting to blurt out the first negative thing that comes to mind. Ignore the idiot, and feel better about life :)
So as long as you're clean, there should never be a worry.
Sounds kind of Soviet...
This type of thing mostly requires the client computers to trust a CA that the firewall uses, so the ISP would need administrator style access to the target machines. Unlikely.
Apple has a long history of excluding competing technologies from their platform.
I second this, 16 bit runs fine in Windows 7. Compatibility mode in a 64 bit machine is for 32 bit now....
or have the Cisco admin DMZ it to a subnet with no outside internet access
.... Or any other router/firewall admin. Fuck Cisco.
Windows 8 is Microsoft's Pentium 4.
you could upgrade through the intermediate releases until you were current: 4.10 to 5.04 to 6.06 (1st LTS) to 8.04 (LTS) to 10.4 (LTS) to 12.04 (latest LTS).
Wrestling with several bugs and configuration file incompatibilities at each step. This upgrade process would be a nightmare, and a person would be well advised to consider how hard a fresh install really would be.