"If you don't run a fully validating node, you're a second class Bitcoin citizen. If you don't hold your own private keys, you're a third class Bitcoin citizen." - @TraceMayer
I am guessing third class citizen means a fool.
Source: https://twitter.com/lopp/statu...
I am really scared, I feel like this is how dystopias are born. This is similar to increasing govt surveillance and saying a normal "upright" citizen need not worry about it since it only targets money launderers and terrorists...
In singapore it was called Nric/FIN, linked to tax, bank, mobile, all govt services
and then I first came to sweden, I had restricted to my new swedish bank account among other things till I got "swedish id" card. It is used everywhere from new house search, new mobile number, authentication in any swedish service (not just govt services, include insurance/ investment / share market/ etc.)
TBH, I find having this convenient so I do not have to register in multiple places. I understand the concern about hacks like equifax one. There is a solution for that Blockchain based stuff like "civic" (yes, you hate blockchain I get it)
In india's case, it helps with reducing corruption already (no, you can't have oversight without data and some centralized way to identify what the whole population does), and authorizing myself with fingerprint in a bank is kinda convenient considering the fact the each of my signature is unique despite my best effort to duplicate.
My point is, NYT tends to blow things out of proposition and whatever is happening in india has already been done in at least sg and sweden and I have not seen any outraged articles about that.
My point is
Payment would actually be worse, since it would allow FB accounts to be tied to a real identity via a credit card or Paypal account.
if only there was a way to send money digitally but wallets cannot be tracked/easily hacked... oh wait, cryptocurrencies are useless and slashdot hates it
Yes, GP is an ignorant fool. Slash moderation has ultimately served to reward posters who speak confidently about anything regardless of their knowledge.
Imagine the irony if your post were to get modded up.
Is it just me or have people forgotten the meaning of irony?
For a while, I tried to ignore people (on a tech site) expressing how ignorant they are about cryptocurrencies. Ain't got no time for long for long rant, "Unbound computer work for reward" is a side-effect of securing system against bad actors, have hopes of lightening network solving parts of this. Also Proof of Work is not the only way to go, Proof of Stake, Delegated Proof of Stake, Byzantine Fault Tolerance and Directed Acyclic Graph, etc are also out there. So you could try reading up a bit before shooting your mouth about cryptocurrencies.
The parent comment might be considered harsh/unjust, but I partly agree. I know people who do more work and less salary (compared to me), two reasons I can think of is, they are too proud to ask/ assume they are getting higher salary or too timid to fight the management because they think they are overpaid for what they do.
Funny, it applies to when you are closer to the poles as well. I get 23.5 hours of sunlight in summer and 3-4 hours in winter, and yet they shoved down DST on us...
Funny you mention carrying around and storing things, I find it safer to keep my money in bitcoin, I can transfer it to any part of the world, as an Indian it is easier for my to get my hands on bitcoin than USD. Yes, other economies linked to USD does scare me, but lets not talk about it:)
Can't speak to Zimbabwe, but in many countries, the solution is to hold savings in USD. You just keep spending money in local currency (sometimes you just use USD for everything, like Cambodia).
The real value is having money in a "banking system" outside your home country, but the crackdowns seem to be limiting that option for the exchanges at least.
Why would I want to hold a currency that US can print and manipulate, why should I tie my fate with an war mongering country that (probably) cares only for itself and spies on its own citizen?
Not trying to start a flame war or anything, but heard they pushed some bills, only companies with US can bid for stuff. (chose ISRO because of cheap and efficient reputation...)
bit over-rated, one of those things about which they are not very strict about. Brought them in from Malaysia by mistake, the border police just smiled and let me pass...
Slashdot Mirror
here is the twist, he would sell the data in the drive before you pay the ransom and probably after...
"If you don't run a fully validating node, you're a second class Bitcoin citizen. If you don't hold your own private keys, you're a third class Bitcoin citizen." - @TraceMayer I am guessing third class citizen means a fool. Source: https://twitter.com/lopp/statu...
I am really scared, I feel like this is how dystopias are born. This is similar to increasing govt surveillance and saying a normal "upright" citizen need not worry about it since it only targets money launderers and terrorists...
In singapore it was called Nric/FIN, linked to tax, bank, mobile, all govt services and then I first came to sweden, I had restricted to my new swedish bank account among other things till I got "swedish id" card. It is used everywhere from new house search, new mobile number, authentication in any swedish service (not just govt services, include insurance/ investment / share market/ etc.) TBH, I find having this convenient so I do not have to register in multiple places. I understand the concern about hacks like equifax one. There is a solution for that Blockchain based stuff like "civic" (yes, you hate blockchain I get it) In india's case, it helps with reducing corruption already (no, you can't have oversight without data and some centralized way to identify what the whole population does), and authorizing myself with fingerprint in a bank is kinda convenient considering the fact the each of my signature is unique despite my best effort to duplicate. My point is, NYT tends to blow things out of proposition and whatever is happening in india has already been done in at least sg and sweden and I have not seen any outraged articles about that. My point is
Payment would actually be worse, since it would allow FB accounts to be tied to a real identity via a credit card or Paypal account.
if only there was a way to send money digitally but wallets cannot be tracked/easily hacked... oh wait, cryptocurrencies are useless and slashdot hates it
Dear Troll, Thanks for that fake history of Ethereum Classic.
that's an interesting theory considering Peter Thiel is bullish on bitcoin: https://www.bloomberg.com/news...
https://getmonero.org/2017/04/... FYI: the link is more than a year old.
Yes, GP is an ignorant fool. Slash moderation has ultimately served to reward posters who speak confidently about anything regardless of their knowledge.
Imagine the irony if your post were to get modded up.
Is it just me or have people forgotten the meaning of irony?
You do know that they have been doing hush hush "ICO" valuing telegram around 2 billion right?
For a while, I tried to ignore people (on a tech site) expressing how ignorant they are about cryptocurrencies. Ain't got no time for long for long rant, "Unbound computer work for reward" is a side-effect of securing system against bad actors, have hopes of lightening network solving parts of this. Also Proof of Work is not the only way to go, Proof of Stake, Delegated Proof of Stake, Byzantine Fault Tolerance and Directed Acyclic Graph, etc are also out there. So you could try reading up a bit before shooting your mouth about cryptocurrencies.
The parent comment might be considered harsh/unjust, but I partly agree. I know people who do more work and less salary (compared to me), two reasons I can think of is, they are too proud to ask/ assume they are getting higher salary or too timid to fight the management because they think they are overpaid for what they do.
Funny, it applies to when you are closer to the poles as well. I get 23.5 hours of sunlight in summer and 3-4 hours in winter, and yet they shoved down DST on us...
Funny you mention carrying around and storing things, I find it safer to keep my money in bitcoin, I can transfer it to any part of the world, as an Indian it is easier for my to get my hands on bitcoin than USD. Yes, other economies linked to USD does scare me, but lets not talk about it :)
Can't speak to Zimbabwe, but in many countries, the solution is to hold savings in USD. You just keep spending money in local currency (sometimes you just use USD for everything, like Cambodia).
The real value is having money in a "banking system" outside your home country, but the crackdowns seem to be limiting that option for the exchanges at least.
Why would I want to hold a currency that US can print and manipulate, why should I tie my fate with an war mongering country that (probably) cares only for itself and spies on its own citizen?
Simple: greed and stupidity.
... else US would have "accidentally" leaked it to hackers and blamed Russia for it.
Not trying to start a flame war or anything, but heard they pushed some bills, only companies with US can bid for stuff. (chose ISRO because of cheap and efficient reputation...)
bit over-rated, one of those things about which they are not very strict about. Brought them in from Malaysia by mistake, the border police just smiled and let me pass...
Lived that for four years, exceptional public transport (dare I say best in the world)... also the taxi fares are dirty cheap.