Properly setting up a VM, or in fact doing any proper security or even backups is beyond the abilities of most people. If those sorts of measures are required, bitcoins can't become a universal currency.
This is the attitude of someone who is poor or broke.
and that would be most of the people on the planet. You don't want bitcoin to be used by most of the people on the planet?
But what about Bitcoin? It allows you to stow away massive amounts of money in an untouchable way...
erm... amounts of money which today may seem massive and tomorrow very very easily be a fucking LOT less massive!
Also, amounts of money which, when you view the value of bitcoins at the exchanges seem massive but when you try to cash in a fuckton of bitcoins suddenly the value shrinks a lot.
A fucking LOT more interesting than anything Salinger wrote. Man that guy could write in the most boringest style ever written by anyone. Its like something from warehouse 13, like you read it and you get the effects of having just taken a handful of downers.
There's certain parts of it that are greatly underappreciated. A big one is the Book of Ezekiel, which describes the landing of extraterrestrials, as described by someone of a primitive society, and lends credence to the theory that humans were visited by extraterrestrials long ago.
Second book of kings, chapter two; how God deals with teenagers.
Honestly, I found it the most dull, boring writing I've ever attempted to read. I had a look at this new stuff. More of the same. Just so amazingly dull and drab. Both the content and the style. When I'm reading it its like I can feel the life being sucked out of me.
...we wouldn't want to respect the wishes of an author so widely admired. He put words on paper, so fuck him. They stopped belonging to him when they saw the light of day.
I love this socialist half-paradise, where Wall Street profits are privatized, gigantic losses from gambling with people's deposits are publicly insured, and intellectual works are treated like a turkey thrown into a pit filled with hyenas.
I haven't read it yet but what if he is a time traveller?!?!? And he wrote about his secret in this story?!???!!! And its somehow important to his timeline that noone know until 2060???!!!!???! Did anyone think of that?? Huh?
C'mon RedHat/CentOS recommends you don't do an in-place upgrade.
Uh, what? I've been doing in-place upgrades on my CentOS machine since 2008.
Sure, you can't do major version upgrades in place, but minor version upgrades are painless. Ubuntu tries to allow you to do major upgrades in place, but after a year or two you have to reinstall to clear out the crud.
Whereas with Debian in place major upgrades are almost always a piece of cake. The only time they aren't is when someone has fucked up the package management system.
The stability of CentOS is great. I don't get all the fancy features but I don't want those anyway as they just get in the way. At work when we need something supported we just use RedHat and pay for the support. Moving development between CentOS and RedHat is totally transparent to me.
I manage a network of over 100 servers mixed CentOS and Debian. They all do the same thing, all configured pretty much the same. Lots of times I want to set them up to do something new and most of the time, for the Debian ones theres a package for that. For the CentOS ones I have to fuck about so much either hunting down 3rd party repositories or building from source. The CentOS ones have to use about 8 3rd party repositories. This is just for 'normal' stuff like smokeping or OCS.
Ie: Debian/Ubuntu 'apt-get install foo', Centos 'spend a day finding a 3rd party repo with foo, find out if it actually works, if it doesn't build from source and distribute to a dozen servers all over the world under different archtectures and different releases of CentOS.'
Actually, MTGox lets you set price selling triggers where if the price drops to a price, then you sell it. So you can basically say if the price drops 10%, sell everything. You have to use a scripted bot or something for that feature but they do it. Then you'll never be too far off from whatever it peaks at. Of course, if there's a giant sell offer and no matching buy offers, it will whiz past your sell offer like lightning:-P It DEFINITELY is going to crash back down to $200-500 though.
who the fuck is going to buy them? You'd be crazy to buy bitcoins now.
My guess is that the more it costs to buy a bitcoin the more reluctant people will be to 'invest' in them. If that happens then people trying to sell their $1000 bitcoins are going to be shit out of luck and they will realise the bitcoins aren't actually worth $1000, people just *pretend* they are.
Sure no (?) parabolic prize moves really continue into infinity, last time it stopped at $200 and fell back to $50. But the people who kept are at a pretty good position now.
They aren't in that good a position because I bet they can't actually cash in their bitcoins for actual cash (that they can use to buy a house with).
Go ahead and try to sell 1000 bitcoins today for US$
Why do you say the value has not gone up 50x? I think the value is much higher, but the market is attempting to adjust to rational value. This is slow because most punters in the game now are not rational, but that is changing, as financial professionals get in the game.
Financial professionals are rational these days? Did they get brain transplants or something?
That's part of the problem. People are putting real value into the bitcoin market, value that the holders of old coins can come and claim whenever they feel like it. If any significant amount of old coins are cashed in, it's going to cause the mother of all crashes.
AFTER that happens, bitcoin might be a reasonably stable currency to do things with. It depends on whether the cashing in kills it or not.
If 10 people with 1000 bitcoins each now went to MtGoX and wanted to cash in their bitcoins, what would that do to MtGoX? I think they'd be fucked.
Seriously, this is empty speculation and there isn't the actual money invested in bitcoins to support this increase in face value. The system is fucked. Theres no way the bitcoins in circulation today could actually be cashed in for actual money.
Absolutely. I have an electronics degree, and I run into developers with CS degrees all the time who are not well read in software engineering. Asking someone what their influences are should probably be a standard interview question.
Still, I'd like a programmer to know when a problem is NP hard.
But theres a special definition of 'secure' that the NSA use when it comes to other peoples secrets; its 'secure' if we can break into it and they don't know we can.
They can get someone younger for much less pay.... and that's basically, it.
You pay for experience, and employers don't want to pay for yours.
Exactly. Hire someone half your age, pay them half as much, make them work twice as hard until they are an age and have enough experience where they start expecting pay rises then fire them and hire youngsters again. Its almost a fiduciary responsibility.
Slashdot Mirror
"Don't try this at home" isn't fun. It's merely entertainment.
Mythbusters is to science as pro wrestling is to sport.
Ie pro wrestling is 'sports entertainment'.
Actually thats it exactly. Do you think people WANT to buy bitcoins at $1000 each? pfft
also, it took you long enough!
Selling jewelry made of MOON platinum to rich people could be very lucrative.
Properly setting up a VM, or in fact doing any proper security or even backups is beyond the abilities of most people. If those sorts of measures are required, bitcoins can't become a universal currency.
This is the attitude of someone who is poor or broke.
and that would be most of the people on the planet. You don't want bitcoin to be used by most of the people on the planet?
But what about Bitcoin? It allows you to stow away massive amounts of money in an untouchable way...
erm... amounts of money which today may seem massive and tomorrow very very easily be a fucking LOT less massive!
Also, amounts of money which, when you view the value of bitcoins at the exchanges seem massive but when you try to cash in a fuckton of bitcoins suddenly the value shrinks a lot.
Or right inside their skulls. It will be fun times once artificial eyes become sufficiently advanced and widespread.
Oh for skull guns.
Rebel without a cause, 1955.
A fucking LOT more interesting than anything Salinger wrote. Man that guy could write in the most boringest style ever written by anyone. Its like something from warehouse 13, like you read it and you get the effects of having just taken a handful of downers.
There's certain parts of it that are greatly underappreciated. A big one is the Book of Ezekiel, which describes the landing of extraterrestrials, as described by someone of a primitive society, and lends credence to the theory that humans were visited by extraterrestrials long ago.
Second book of kings, chapter two; how God deals with teenagers.
Honestly, I found it the most dull, boring writing I've ever attempted to read. I had a look at this new stuff. More of the same. Just so amazingly dull and drab. Both the content and the style. When I'm reading it its like I can feel the life being sucked out of me.
Its actually worse than Lord of the Rings.
...we wouldn't want to respect the wishes of an author so widely admired. He put words on paper, so fuck him. They stopped belonging to him when they saw the light of day.
I love this socialist half-paradise, where Wall Street profits are privatized, gigantic losses from gambling with people's deposits are publicly insured, and intellectual works are treated like a turkey thrown into a pit filled with hyenas.
I haven't read it yet but what if he is a time traveller?!?!? And he wrote about his secret in this story?!???!!! And its somehow important to his timeline that noone know until 2060???!!!!???! Did anyone think of that?? Huh?
C'mon RedHat/CentOS recommends you don't do an in-place upgrade.
Uh, what? I've been doing in-place upgrades on my CentOS machine since 2008.
Sure, you can't do major version upgrades in place, but minor version upgrades are painless. Ubuntu tries to allow you to do major upgrades in place, but after a year or two you have to reinstall to clear out the crud.
Whereas with Debian in place major upgrades are almost always a piece of cake. The only time they aren't is when someone has fucked up the package management system.
The stability of CentOS is great. I don't get all the fancy features but I don't want those anyway as they just get in the way. At work when we need something supported we just use RedHat and pay for the support. Moving development between CentOS and RedHat is totally transparent to me.
I manage a network of over 100 servers mixed CentOS and Debian. They all do the same thing, all configured pretty much the same. Lots of times I want to set them up to do something new and most of the time, for the Debian ones theres a package for that. For the CentOS ones I have to fuck about so much either hunting down 3rd party repositories or building from source. The CentOS ones have to use about 8 3rd party repositories. This is just for 'normal' stuff like smokeping or OCS.
Ie: Debian/Ubuntu 'apt-get install foo', Centos 'spend a day finding a 3rd party repo with foo, find out if it actually works, if it doesn't build from source and distribute to a dozen servers all over the world under different archtectures and different releases of CentOS.'
Nope, around 2010 you could buy 1000 BTC for about $50, or $0.05 each. That's only a few years ago.
and now if you tried to sell those 1000 BTC for $1000 each good luck finding someone to buy them...
..convert btc back into usd...
now that would not be clever. a savings vehicle that will be worth 5x more in a year versus one that will be worth 5% less in a year...
LOL
One of these you can buy a house with. The other you can speculate on future pretend value.
Actually, MTGox lets you set price selling triggers where if the price drops to a price, then you sell it. So you can basically say if the price drops 10%, sell everything. You have to use a scripted bot or something for that feature but they do it. Then you'll never be too far off from whatever it peaks at. Of course, if there's a giant sell offer and no matching buy offers, it will whiz past your sell offer like lightning :-P It DEFINITELY is going to crash back down to $200-500 though.
who the fuck is going to buy them? You'd be crazy to buy bitcoins now.
My guess is that the more it costs to buy a bitcoin the more reluctant people will be to 'invest' in them. If that happens then people trying to sell their $1000 bitcoins are going to be shit out of luck and they will realise the bitcoins aren't actually worth $1000, people just *pretend* they are.
lol @ 5 insightful.
Sure no (?) parabolic prize moves really continue into infinity, last time it stopped at $200 and fell back to $50. But the people who kept are at a pretty good position now.
They aren't in that good a position because I bet they can't actually cash in their bitcoins for actual cash (that they can use to buy a house with).
Go ahead and try to sell 1000 bitcoins today for US$
100 people do that and *poof* its all fucked.
Why do you say the value has not gone up 50x? I think the value is much higher, but the market is attempting to adjust to rational value. This is slow because most punters in the game now are not rational, but that is changing, as financial professionals get in the game.
Financial professionals are rational these days? Did they get brain transplants or something?
A word of warning - there is a old saying that the markets can stay rational longer then you can stay solvent.
This. I think bitcoins have passed this point.
I'd love to see lots of people right now going and selling bitcoins to get real money (that they can use to, oh I don't know, buy a house?)
That's part of the problem. People are putting real value into the bitcoin market, value that the holders of old coins can come and claim whenever they feel like it. If any significant amount of old coins are cashed in, it's going to cause the mother of all crashes.
AFTER that happens, bitcoin might be a reasonably stable currency to do things with. It depends on whether the cashing in kills it or not.
If 10 people with 1000 bitcoins each now went to MtGoX and wanted to cash in their bitcoins, what would that do to MtGoX? I think they'd be fucked.
Seriously, this is empty speculation and there isn't the actual money invested in bitcoins to support this increase in face value. The system is fucked. Theres no way the bitcoins in circulation today could actually be cashed in for actual money.
Absolutely. I have an electronics degree, and I run into developers with CS degrees all the time who are not well read in software engineering. Asking someone what their influences are should probably be a standard interview question.
Still, I'd like a programmer to know when a problem is NP hard.
But theres a special definition of 'secure' that the NSA use when it comes to other peoples secrets; its 'secure' if we can break into it and they don't know we can.
They can get someone younger for much less pay.... and that's basically, it.
You pay for experience, and employers don't want to pay for yours.
Exactly. Hire someone half your age, pay them half as much, make them work twice as hard until they are an age and have enough experience where they start expecting pay rises then fire them and hire youngsters again. Its almost a fiduciary responsibility.
And humans all the way down? Turtles all the way up? Where does the Elephant fit into this theory?
Elephants are turtle/human hybrids?
no one wants to get caught having assassinated someone over a bluff.
I think a lot of people learned an important lesson from the little metal ball with traces of ricin that was left in some dissidents leg.
Next time the ball will be made from something that dissolves in the human body.