BTC made a lot of money for the early adopters, but it still has not yet lost momentum as a currency, and only will gain in value over time.
it's 6-month high is ~484. it's currently ~269. as far as fluctuations go that is massive. using bitcoin for anything other than quick sales (cash -> bitcoin -> transfer) is really not smart.
not to mention, the entire market is in a constant state of algorithmic manipulation (yes, i know, so is the stock market).
Private transaction without the worry of someone stealing my credit information.
that's funny. because with bitcoin, you sure don't have to worry about someone stealing the knowledge that you bought a six pack at the local grocery, but you have to worry about them stealing THE ACTUAL CURRENCY.
credit cards get a bad rap, but for the consumer, it's pretty low risk. it's in the companies' interest for it to be low risk, because they want you to keep spending money with it.
I'm not funding someone's website with my personal information.
no, you're just visiting their site, consuming the content that they worked hard to produce, and circumventing the only mechanism they have to be compensated for their work.
i know how you can block ads very effectively: don't visit the site.
(And remember, it only takes 4 transactions to positively identify you - so if Google gets anonymous expanded transaction history, they can link the transactions to your Google Wallet ones to positively identify you)
This ingredibly intrusive individually identified transaction history is what Google is using to make money off of GW.
oh, you mean they aren't just spending hundreds of millions of dollars to build out this technology out of the goodness of their hearts? shocking, just shocking.
Use credit cards for large purchases, or when buying online. But for crying out loud, just use cash for everyday purchases! Save yourself some time. Save the rest of us some time, too!
well, not my experience. i can swipe a card and with amounts less than $20 or so (up to the retailer) no signature required. if i run it as debit, 3 seconds for me to enter my pin and i'm done.
vs. watching some moron fumble around in his man purse for change.
“Fraud on lost and stolen cards is now at its lowest level for two decades and counterfeit card fraud losses have also fallen and are at their lowest level since 1999. Losses at U.K. retailers have fallen by 67 per cent since 2004; lost and stolen card fraud fell by 58 per cent between 2004 and 2009; and mail non-receipt fraud has fallen by 91 per cent since 2004.”
that's an extremely one dimensional view, and wrong. proof is that you don't see middle class americans running around ganking rich people for their G6's. why not? the difference between the middle class and the 1%'ers is much greater than between someone living at the line of poverty than the middle class. by your logic, the middle class should waging war against the 1%'ers right?
people can be satisfied with their position in life. you are saying that the only factor is disparity. sorry, it's a little more complicated than that.
Yeah, Karl Marx jr., profit is the root of all evil.
i know amongst the other reagan youths this is the ultimate insult, but it means little to the rest of us.
the vast majority of violence doesn't come from simple aggression. it comes from getting in the way of someone's money-making venture. the cause is closer to apathy, or a lack of empathy than aggression.
war has, and always will be about money. it's usually couched as furthering a righteous cause, but that's just a way to for rich people to get poor people to die for them. the best way to eliminate the threat of nuclear war is to find an end to poverty. no easy task.
i'm assuming there is no vulnerability. that'd be the real story. if there's a root vulnerability, you can do almost anything. you don't need to fool the user, you just sit in the background and download all of their pictures and data and scan memory for credit cards and passwords... and so on.
Distinguishing characteristic: The smallest source of fraud on cards. Consumer generally knows immediately or is alerted by bank to suspicious transactions, which often involve small test transactions to see if the card is still active — such as at automated gas station pumps.
man, did you read your post? i didn't ask for evidence that chip cards are more secure than MSR cards. you said this,
I'm still hoping more NFC in terminals and more support for Apple Pay. The handful of times I've used that [Apple Pay], it's been much faster and it is more secure [than chip cards].
let me restate, can you describe why you think apple pay is more secure than a chip card?
i didn't advocate anything. i said the main reason people jailbreak their phones, especially in asia, is to install software they'd otherwise need to pay for. i'm not making any judgement about piracy or jailbreaking.
are you going to tell me to fuck off now? i'll feel a little empty inside if you don't.
I've looked into rooting both my phone, and my tablet... and both of them sound like they're a lot more nuisance than it's worth.
having a custom ROM and rooting are orthogonal. i have a Nexus 10 that's rooted but's running the stock firmware and continues to get OTA updates. that being said, you are mostly right about running a custom ROM. the result is a loss of an hour of your life and a device that's almost always less stable.
That's because the malware, after having previously obtained root access
the app has to have root to work. how did it get root? my guess is that it's a an app that masquerades as an app that requires root, and it fools the user into granting root privs to the app. if that's what happened, the users deserve their fate.
That's because the malware, after having previously obtained root access
how did it get root? either the device was rooted and the user granted the app root privs (duh!), or they've discovered a hack to gain root on non-rooted devices. if it was the latter, we'd be hearing a lot more about it, and faking a phone shutdown is the least of our concerns.
Slashdot Mirror
My point was more on par with that there is a need beyond illegal activities when it comes to online transactions and bitcoin.
what are those reasons?
BTC made a lot of money for the early adopters, but it still has not yet lost momentum as a currency, and only will gain in value over time.
it's 6-month high is ~484. it's currently ~269. as far as fluctuations go that is massive. using bitcoin for anything other than quick sales (cash -> bitcoin -> transfer) is really not smart.
not to mention, the entire market is in a constant state of algorithmic manipulation (yes, i know, so is the stock market).
Private transaction without the worry of someone stealing my credit information.
that's funny. because with bitcoin, you sure don't have to worry about someone stealing the knowledge that you bought a six pack at the local grocery, but you have to worry about them stealing THE ACTUAL CURRENCY.
credit cards get a bad rap, but for the consumer, it's pretty low risk. it's in the companies' interest for it to be low risk, because they want you to keep spending money with it.
Yes, but this was with Google Wallet.
the terminal doesn't know if it's debit or credit, regardless of whether you are using google wallet, apple pay or smart card.
I'm not funding someone's website with my personal information.
no, you're just visiting their site, consuming the content that they worked hard to produce, and circumventing the only mechanism they have to be compensated for their work.
i know how you can block ads very effectively: don't visit the site.
Thanks, assholes, now we're going to have to figure out how to block this crap in HTML 5.
did you seriously think that the decline of flash would equate to fewer ads? at least with flash you had a "click to run plugin" option.
When I was at the vet the other day it wanted to know "Credit or Debit"? WTF?
there's actually no way to tell if the card is credit or debit through any information in the swipe data.
(And remember, it only takes 4 transactions to positively identify you - so if Google gets anonymous expanded transaction history, they can link the transactions to your Google Wallet ones to positively identify you)
and then what happens? seriously.
This ingredibly intrusive individually identified transaction history is what Google is using to make money off of GW.
oh, you mean they aren't just spending hundreds of millions of dollars to build out this technology out of the goodness of their hearts? shocking, just shocking.
So at that point it will be insert and either sign or enter pin.
a signature is not necessarily required. it will depend on the amount, and the merchant, as it is today.
Obviously the terminal might, but if that has no connection, then nothing will work.
that's not true. EMV terminals support can support offline approval (most will). up to the merchant if it's enabled.
Use credit cards for large purchases, or when buying online. But for crying out loud, just use cash for everyday purchases! Save yourself some time. Save the rest of us some time, too!
well, not my experience. i can swipe a card and with amounts less than $20 or so (up to the retailer) no signature required. if i run it as debit, 3 seconds for me to enter my pin and i'm done.
vs. watching some moron fumble around in his man purse for change.
“Fraud on lost and stolen cards is now at its lowest level for two decades and counterfeit card fraud losses have also fallen and are at their lowest level since 1999. Losses at U.K. retailers have fallen by 67 per cent since 2004; lost and stolen card fraud fell by 58 per cent between 2004 and 2009; and mail non-receipt fraud has fallen by 91 per cent since 2004.”
http://www.smartcardalliance.o...
that's an extremely one dimensional view, and wrong. proof is that you don't see middle class americans running around ganking rich people for their G6's. why not? the difference between the middle class and the 1%'ers is much greater than between someone living at the line of poverty than the middle class. by your logic, the middle class should waging war against the 1%'ers right?
people can be satisfied with their position in life. you are saying that the only factor is disparity. sorry, it's a little more complicated than that.
Yeah, Karl Marx jr., profit is the root of all evil.
i know amongst the other reagan youths this is the ultimate insult, but it means little to the rest of us.
we really enjoy killing each other.
speak for yourself.
^^^ this hits the nail on the head.
the vast majority of violence doesn't come from simple aggression. it comes from getting in the way of someone's money-making venture. the cause is closer to apathy, or a lack of empathy than aggression.
war has, and always will be about money. it's usually couched as furthering a righteous cause, but that's just a way to for rich people to get poor people to die for them. the best way to eliminate the threat of nuclear war is to find an end to poverty. no easy task.
the **real problem** is listening to people like Hawking
and we should listen to people like you? random guy on slashdot? i'll stick with proven genius, thanks.
i'm assuming there is no vulnerability. that'd be the real story. if there's a root vulnerability, you can do almost anything. you don't need to fool the user, you just sit in the background and download all of their pictures and data and scan memory for credit cards and passwords ... and so on.
Lost/Stolen card:
Distinguishing characteristic: The smallest source of fraud on cards. Consumer generally knows immediately or is alerted by bank to suspicious transactions, which often involve small test transactions to see if the card is still active — such as at automated gas station pumps.
source,
http://krebsonsecurity.com/201...
common sense friend. you can hack and get a million cards, or risk a going to jail as a violent offender to get one card. duh?
got anything else to say? colorful words? anything?
man, did you read your post? i didn't ask for evidence that chip cards are more secure than MSR cards. you said this,
I'm still hoping more NFC in terminals and more support for Apple Pay. The handful of times I've used that [Apple Pay], it's been much faster and it is more secure [than chip cards].
let me restate, can you describe why you think apple pay is more secure than a chip card?
i didn't advocate anything. i said the main reason people jailbreak their phones, especially in asia, is to install software they'd otherwise need to pay for. i'm not making any judgement about piracy or jailbreaking.
are you going to tell me to fuck off now? i'll feel a little empty inside if you don't.
I've looked into rooting both my phone, and my tablet ... and both of them sound like they're a lot more nuisance than it's worth.
having a custom ROM and rooting are orthogonal. i have a Nexus 10 that's rooted but's running the stock firmware and continues to get OTA updates. that being said, you are mostly right about running a custom ROM. the result is a loss of an hour of your life and a device that's almost always less stable.
exactly. this little detail ...
That's because the malware, after having previously obtained root access
the app has to have root to work. how did it get root? my guess is that it's a an app that masquerades as an app that requires root, and it fools the user into granting root privs to the app. if that's what happened, the users deserve their fate.
That's because the malware, after having previously obtained root access
how did it get root? either the device was rooted and the user granted the app root privs (duh!), or they've discovered a hack to gain root on non-rooted devices. if it was the latter, we'd be hearing a lot more about it, and faking a phone shutdown is the least of our concerns.
The handful of times I've used that, it's been much faster and it is more secure.
and how did you determine that?