Can you quit being a sissy now?
Linus is "abbrasive", personally I will take this over the weasel-talk, political correctness and all other kinds of bullshit. It's sort of a subjective preferences question, if you're really a wuss then don't talk to Torvalds - solved.
You are so wrong.
Most developers ARE paid.
So is Kay (by Redhat).
It's not that he said he will fix it tomorrow or after weekend, it's that he told everyone to go fuck themselves because his little project systgemd is more important then 10 year old kernel project.
And Linus said that nope, he has to clean up his mess.
Though Linus used a man's words and Kay not, which has nothing to do with merritum.
Actually, just like with dollars, the creator can choose to inject more BTC into thesystem at any time. That feature was designed into the currency.
What the actually fuck?
What you say is like saying "Well Linux may be nice, but one day the Linux Creator can decide to forbid everyone from using linux and change the licence of entire existing code to closed-source".
3 seconds of googling will tell you why this is basic property of Bitcoin that the number of blocks, coins, and other such things are set in stone (ofc. someone can make bitcoin2 with other properties etc, or even try to push it as hard-fork, but it's another currency then or all/most users need to agree, not something "the creator" can do!!)
Why your obvious missinformation has 2 score points? This is to me prove that slashdot moderation system is not working well.
When this happesn with banks operating in fiat especially in USD, then each time every citizen is hurt when tax money "rescues" the bank/banksters who are "too big to fail".
And when USD is printed out of thin air, every user and every holder of USD in the World looses some of USD.
E.g. at some point 1 USD was worth for example 1/100,000,000,000 of entire pool of USDs, after decade it changes to say 1/200,000,000,000 of entire pool of USDs, so if totall markets using USD did not grew x2 to compensate then you lose some buying-power as USD holder/user.
USD buying power seemed to fall by x10 (1000%) over this century or so, so they over-print it.
In the same time, 1 bitcoin was, and ALWAYS WILL BE 1/21,000,000 of entire bitcoins pool.
As a result, during last 2 years bitcoin RISEN in price x100, making mny ordinary people who are geeks or had a bit of fath into millionares.
While at some point this will slow down, at least you are guaranteed to always hold given fraction of totall BTC supply.
Same as with gold.
So you will not be silently stolen from by eithre printing out of think air because some man said so changing previous arragement (giving up gold standard despite initiall promises)
nor by bailouts to save banksters (unless YOU made yourself decission to give money to some crooks or irresponsible merchants/banks but that is your own choise which you have a fair chance to avoid, e.g. store most of wealth on own wallet).
This is what makes bitcoin a very fair system compared to the alternatives, for me.
Plus it's really good, fast and cheap method to send value to anywhere in the Internet/World:)
No, not everyone gets burn. Only the people who choose unwiselly to keep money on some guy's bank instead in own pocket (own computer, with 2 backups on usb pen or paper etc).
Everyone gets burn in case when big banks "too big to fail" are sponsored out of pocket of every citizen. And you can NOT DO ANYTHING TO STOP THIS. Now remind me, which currency was that?
USD does not have "real" backing either. It is backed up by war, ACTA and other big government, or as some call it: "NWO".
Bitcoin is backed by thousands of people willing to trade using this, instead bankster's system and instead USA's blood money.
What value does an unrecognized/amateur pictures painter artist provide to econmy while he wastes time drawing some pictures?
Is he also a "criminal"?
What is this, communism, that every human action must bring some "benefit" to econym or it's a crime as decided by some commitet?
Of course currencies can get a bug fix.
E.g. US dollary has an exploit - it can be printed out of think air, on overnment whim, and therefore it is worht now x10 - x100 time sless then decade ago.
US Dollar lost 90-95% of value. (While bitcoin only gains value so far.)
So the bugfix for US dollar would be to return to gold standard or something else that at least is limited.
This fix was applied by one of USA presidents afair (to reduce influence of private shady FED bank at least),
but then he got shot on order of "unknown" powers.
And guess what was the first order of the vice-president who replaced the assasinated president.
Therefore US Dollary remains exploitable at it's core, it is bad midle-long term store of value and will continue it's declining over next decades.
I'm happy my real money got fixed instead, as seen on github.
The fee? The 0.1 $ ? Seriously.
Also, you can keep using the real money - bitcoin - instead to converting it to value conjured from thin air by FED printing press. Pick one of thousands merchans, including for example overstock (1 million USD btc goods sold afair) and when you get bitcoins for some work, spend it directly in overstock. Over time their pirce, even including the fees THEY need to pay, should reduce on a free market (or just find a better vendor).
Or enjoy ability to send money oversee instantly, earning money with no chargebacks, or collecting donations with no freezing of your account like Wikileak's one was for example.
No, it's what we get from the pro-bitcoin crowd. The people who think impossible-to-regulate transactions are a good idea happen to have a 100% overlap with the set of people who have a novice's understanding of economics, and apply that cudgel to all ideas.
[citation needed]
Btw. You would be fully correct, if we would take and negate your statement.
Regulation is the root cause of all economical problems you talk about, even though to one-sided educated mind it might seem to be the opposite.
Did you ever read one of thoes books of movies showing why free market works?
Internet, in form of meshnet, could be done. The fact that government was so much wealth only it was capable of doing it mass-scale, or that it did it first, doesn't prove opposite.
Power needs to be distributed between entities, and decentralized.
This is why p2p things work so well (e.g. torrent, versus old napster), linux development versus windows, or Tor versus NSA-internet (in terms of privacy and unblockability).
Yes, unregulated market fixed this problem.
The people are free to invest money to untrusted/shady, uninsurred "banks" - and they are free to then lost their money.
Such bad entities will fall out of market because vigilant/smart people will be investing more carefully and in time they will be become the majority-wealth holders, in effect kicking out bad players.
I like the world where I can choose fully regulated, ID-requiring, retina-scanning, TSA-orfices-searching bank, or a more private bank, or a shady "bank" (probably offering good prices), or anything in between. If you do not believe in such choise just go use the most regulated "bank", e.g. your national bank.
Ok, so we have two cases:
1) just use bitcoin to send money. Then price changes are tollerable, and they will stabilize (they jump now - around big events)
2) use bitcoin as long term investment. While there are many other opportunities to hoard/store/invest money which are also good, bitcoin works out fine too, in long term it is always an up trend in 3-12 month period
Oh no, bitcoin investment yelded only 500% yearly, instead of 1000%, buuu huuuu.
In the mean time USD gained how much, +5% from some bonds?
That's what, 400% instead 800% after USD inflation, compared to -1% ? Clearly -1% > 400%, sign me in.
http://thefinancialphysician.c...
Why is this is "scam", it seems simply you are bitter you didn't jump in early.
Did bitcoin promised anything? Like "you will earn x10 money, just invest now!" ?
Did bitcoin promised ANYTHING at all?
Except for "this is system with such mathematic rules for noting who has how many points, use it as you want for whatever"?
Is it unfair by it's nature? In WHAT WAY? You could had spent 100 usd when it was getting popular, and now buy 10 cars, no one stoped you, everyone in entire world was free to join.
A scam is the normal money, bankers controll it, gov regulates and inflates it and they all FORCE you to use that.
What if almost all money would be moved away from the early investors?
If they would "back up early" as you recommend that is what will happen.
What is the alternative, USA which can be devalulated x100 over century, or gold which you can't send over internet?
So you prefer to have your money controlled by bankers, who do what they want and in worst case taxpeyers bail them out,
or do you prefer a world where this is possible and also it's possible to instead select alternatives like bitcoin for people who want
Obvious troll is obvious. Glad that you didn't ommit "omg think of the chilren" or some other induendo in your fearmongering FUD.
... that could equally likely be obtained through mining or selling drugs or illegal pornography.
bitcoin hashmoney - could equally likely be obtained through mining or selling drugs or illegal pornography.
US/EUR/YEN/BRICK - could equally likely be obtained through mining or selling drugs or illegal pornograph. In addition, US dollars actually *fund* war and murder of children (inflation sponsors government which pays for wars).
Free currencies like bitcoin are merly means of exchange that does not SPONSOR war unless given users chooses to do so.
Slashdot Mirror
Can you quit being a sissy now? Linus is "abbrasive", personally I will take this over the weasel-talk, political correctness and all other kinds of bullshit. It's sort of a subjective preferences question, if you're really a wuss then don't talk to Torvalds - solved.
You are so wrong. Most developers ARE paid. So is Kay (by Redhat). It's not that he said he will fix it tomorrow or after weekend, it's that he told everyone to go fuck themselves because his little project systgemd is more important then 10 year old kernel project. And Linus said that nope, he has to clean up his mess. Though Linus used a man's words and Kay not, which has nothing to do with merritum.
Actually, just like with dollars, the creator can choose to inject more BTC into thesystem at any time. That feature was designed into the currency.
What the actually fuck?
What you say is like saying "Well Linux may be nice, but one day the Linux Creator can decide to forbid everyone from using linux and change the licence of entire existing code to closed-source".
3 seconds of googling will tell you why this is basic property of Bitcoin that the number of blocks, coins, and other such things are set in stone (ofc. someone can make bitcoin2 with other properties etc, or even try to push it as hard-fork, but it's another currency then or all/most users need to agree, not something "the creator" can do!!)
Why your obvious missinformation has 2 score points? This is to me prove that slashdot moderation system is not working well.
And yet NONE of this affected me! Wonderfull.
:)
When this happesn with banks operating in fiat especially in USD, then each time every citizen is hurt when tax money "rescues" the bank/banksters who are "too big to fail".
And when USD is printed out of thin air, every user and every holder of USD in the World looses some of USD.
E.g. at some point 1 USD was worth for example 1/100,000,000,000 of entire pool of USDs, after decade it changes to say 1/200,000,000,000 of entire pool of USDs, so if totall markets using USD did not grew x2 to compensate then you lose some buying-power as USD holder/user.
USD buying power seemed to fall by x10 (1000%) over this century or so, so they over-print it.
In the same time, 1 bitcoin was, and ALWAYS WILL BE 1/21,000,000 of entire bitcoins pool. As a result, during last 2 years bitcoin RISEN in price x100, making mny ordinary people who are geeks or had a bit of fath into millionares.
While at some point this will slow down, at least you are guaranteed to always hold given fraction of totall BTC supply.
Same as with gold.
So you will not be silently stolen from by eithre printing out of think air because some man said so changing previous arragement (giving up gold standard despite initiall promises)
nor by bailouts to save banksters (unless YOU made yourself decission to give money to some crooks or irresponsible merchants/banks but that is your own choise which you have a fair chance to avoid, e.g. store most of wealth on own wallet).
This is what makes bitcoin a very fair system compared to the alternatives, for me.
Plus it's really good, fast and cheap method to send value to anywhere in the Internet/World
No, not everyone gets burn. Only the people who choose unwiselly to keep money on some guy's bank instead in own pocket (own computer, with 2 backups on usb pen or paper etc).
Everyone gets burn in case when big banks "too big to fail" are sponsored out of pocket of every citizen. And you can NOT DO ANYTHING TO STOP THIS. Now remind me, which currency was that?
USD does not have "real" backing either. It is backed up by war, ACTA and other big government, or as some call it: "NWO". Bitcoin is backed by thousands of people willing to trade using this, instead bankster's system and instead USA's blood money.
Yeap...
What value does an unrecognized/amateur pictures painter artist provide to econmy while he wastes time drawing some pictures? Is he also a "criminal"? What is this, communism, that every human action must bring some "benefit" to econym or it's a crime as decided by some commitet?
Self-correction, to be exact it was over 90% over the century; Either way so far bitcoin is deflational.
http://thefinancialphysician.c...
But that is just about investment; As means to pay anoune from a computer, in DIY way, Bitcoin (and such solutions) are best tools we have now.
Of course currencies can get a bug fix. E.g. US dollary has an exploit - it can be printed out of think air, on overnment whim, and therefore it is worht now x10 - x100 time sless then decade ago.
US Dollar lost 90-95% of value. (While bitcoin only gains value so far.)
So the bugfix for US dollar would be to return to gold standard or something else that at least is limited.
This fix was applied by one of USA presidents afair (to reduce influence of private shady FED bank at least), but then he got shot on order of "unknown" powers.
And guess what was the first order of the vice-president who replaced the assasinated president.
Therefore US Dollary remains exploitable at it's core, it is bad midle-long term store of value and will continue it's declining over next decades.
I'm happy my real money got fixed instead, as seen on github.
Digging gold from under earth, then melting it into bars and transporting around the world with horribly poluting ships is also not so efficient.
The fee? The 0.1 $ ? Seriously. Also, you can keep using the real money - bitcoin - instead to converting it to value conjured from thin air by FED printing press. Pick one of thousands merchans, including for example overstock (1 million USD btc goods sold afair) and when you get bitcoins for some work, spend it directly in overstock. Over time their pirce, even including the fees THEY need to pay, should reduce on a free market (or just find a better vendor).
Or enjoy ability to send money oversee instantly, earning money with no chargebacks, or collecting donations with no freezing of your account like Wikileak's one was for example.
No, it's what we get from the pro-bitcoin crowd. The people who think impossible-to-regulate transactions are a good idea happen to have a 100% overlap with the set of people who have a novice's understanding of economics, and apply that cudgel to all ideas.
[citation needed]
Btw. You would be fully correct, if we would take and negate your statement.
Regulation is the root cause of all economical problems you talk about, even though to one-sided educated mind it might seem to be the opposite.
Did you ever read one of thoes books of movies showing why free market works?
Fallacy.
Internet, in form of meshnet, could be done. The fact that government was so much wealth only it was capable of doing it mass-scale, or that it did it first, doesn't prove opposite.
Power needs to be distributed between entities, and decentralized. This is why p2p things work so well (e.g. torrent, versus old napster), linux development versus windows, or Tor versus NSA-internet (in terms of privacy and unblockability).
What failure are you talking about? People I know earned 1000% and 10000% over time, and I didn't lost a dime in the goxxings. Works for me.
Yes, unregulated market fixed this problem. The people are free to invest money to untrusted/shady, uninsurred "banks" - and they are free to then lost their money. Such bad entities will fall out of market because vigilant/smart people will be investing more carefully and in time they will be become the majority-wealth holders, in effect kicking out bad players. I like the world where I can choose fully regulated, ID-requiring, retina-scanning, TSA-orfices-searching bank, or a more private bank, or a shady "bank" (probably offering good prices), or anything in between. If you do not believe in such choise just go use the most regulated "bank", e.g. your national bank.
Is it really so hard to just grind the beans and brew it yourself? I do this every morning.
You know, doesn't this really grin your gears?
Ok, so we have two cases:
1) just use bitcoin to send money. Then price changes are tollerable, and they will stabilize (they jump now - around big events)
2) use bitcoin as long term investment. While there are many other opportunities to hoard/store/invest money which are also good, bitcoin works out fine too, in long term it is always an up trend in 3-12 month period
Oh no, bitcoin investment yelded only 500% yearly, instead of 1000%, buuu huuuu.
In the mean time USD gained how much, +5% from some bonds?
That's what, 400% instead 800% after USD inflation, compared to -1% ? Clearly -1% > 400%, sign me in.
http://thefinancialphysician.c...
Why is this is "scam", it seems simply you are bitter you didn't jump in early. Did bitcoin promised anything? Like "you will earn x10 money, just invest now!" ? Did bitcoin promised ANYTHING at all? Except for "this is system with such mathematic rules for noting who has how many points, use it as you want for whatever"? Is it unfair by it's nature? In WHAT WAY? You could had spent 100 usd when it was getting popular, and now buy 10 cars, no one stoped you, everyone in entire world was free to join. A scam is the normal money, bankers controll it, gov regulates and inflates it and they all FORCE you to use that.
https://www.munknee.com/21-cou...
What if almost all money would be moved away from the early investors? If they would "back up early" as you recommend that is what will happen. What is the alternative, USA which can be devalulated x100 over century, or gold which you can't send over internet?
So you prefer to have your money controlled by bankers, who do what they want and in worst case taxpeyers bail them out, or do you prefer a world where this is possible and also it's possible to instead select alternatives like bitcoin for people who want
... that could equally likely be obtained through mining or selling drugs or illegal pornography.
bitcoin hashmoney - could equally likely be obtained through mining or selling drugs or illegal pornography.
US/EUR/YEN/BRICK - could equally likely be obtained through mining or selling drugs or illegal pornograph. In addition, US dollars actually *fund* war and murder of children (inflation sponsors government which pays for wars).
Free currencies like bitcoin are merly means of exchange that does not SPONSOR war unless given users chooses to do so.