I can easily envision three ways in which it could become worthless: 3. Confidence crash. Bitcoin currently has value not so much because it can be spent (There isn't a great deal you can buy with it) as it does because of speculation. That's a dangerous situation - it's a perfect bubble. If the price should drop, even a little, then a lot of people are going to fear a decline and start selling off their coins - which will cause exactly the decline they fear. It's happened before many times.
You mean like whatever-it-was that nearly halved its value last week?
Yeah, that.
Bitcoin has found its level. It's not going up any more, it's just going to oscillate around $1000 (a magic 'psychological' number that pretty much proves it's all speculation). There's nothing more to see here, time to move on to the Next Big Thing.
It isn't silver to BTC gold, it offers no great advantages over BTC hat can't be integrated into the bitcoin protocol if deamed worthy and you cant buy anything with it except other crypto-currencies.
This article is spam at best , a pump and dump endorsement at worst.
Sure, that's what they used to say about Bitcoin but look where Bitcoin is now.
is NEVER carry sensitive information on you when entering an international airport. Use a clean computer/ personal devices when traveling and access all sensitive data in encrypted form from remote servers.
That's only of you've got data to hide.
Apparently they can steal your gadgets even without that.
From the summary: "Many lawmakers, particularly Democrats, feel the current Undetectable Firearms Act inadequately addresses the rising threat posed by printed plastic weapons."
From your linked article: "President Obama signed the 10-year extension of the Undetectable Firearms Act "
It's like key negotiation: if your key has leaked, or you have a feeling it might be about to leak, you change it. Requiring another round of communication.
If you meet somebody in the flesh you can exchange any number of keys. Change it once a week, it doesn't matter.
Use the valuable, single-use, keys to exchange more lists of keys. Give one key list to each agent via their list of disposable keys. You only need a single known-secure key exchange to enable thousands of other people to communicate securely.
I imagine you could knock up a piece of software to automate all of that in a couple of weeks. The key lists could be plain text files posted anywhere on the internet.
I'm NOT defending the NSA, but remember that this type of communication requires... communication.
Yes, but once you get the ball rolling it self perpetuates.
Agreed that the real problem is the mentality of the people running the show who just want *everything*. That's why we need to start encrypting now, and later to start increasing the signal to noise ratio.
(Shouldn't that be "decreasing"? Everybody says always "increasing", shrug...).
PS: If you're a terrorist reading this, here's how to communicate securely without any encryption tools needed: Publish your messages in places where a million people can see them, eg. Twitter, a newsgroup, youtube video comments...anything with a lot of readers. Just agree that it will be done on Tuesdays and Thursdays on Youtube's most popular video of the moment at 4:30pm (or something like that). You can upload the message via an Internet cafe if you're really paranoid.
(It's nothing new, just a 21st century variant of publishing special adverts in newspapers).
Whatever method you use you rely on other people to be relays for your data. They can set up fake relays, they're tapped into the backbones so they can track packets and see how they bounce, they might even be able to insert their own delays to get the packet timing perfect for them, etc.
How about we start with encryption and go from there...?
FIRST COMMANDMENT
I am the LORD thy God, which have brought thee out of the land of Egypt, out of the house of bondage. Thou shalt have no other gods before me.
SECOND COMMANDMENT Thou shalt not make unto thee any graven image, or any likeness of any thing that is in heaven above, or that is in the earth beneath, or that is in the water under the earth
Slashdot Mirror
I can easily envision three ways in which it could become worthless:
3. Confidence crash. Bitcoin currently has value not so much because it can be spent (There isn't a great deal you can buy with it) as it does because of speculation. That's a dangerous situation - it's a perfect bubble. If the price should drop, even a little, then a lot of people are going to fear a decline and start selling off their coins - which will cause exactly the decline they fear. It's happened before many times.
You mean like whatever-it-was that nearly halved its value last week?
Yeah, that.
Bitcoin has found its level. It's not going up any more, it's just going to oscillate around $1000 (a magic 'psychological' number that pretty much proves it's all speculation). There's nothing more to see here, time to move on to the Next Big Thing.
It isn't silver to BTC gold, it offers no great advantages over BTC hat can't be integrated into the bitcoin protocol if deamed worthy and you cant buy anything with it except other crypto-currencies.
This article is spam at best , a pump and dump endorsement at worst.
Sure, that's what they used to say about Bitcoin but look where Bitcoin is now.
Litecoin is the future!
After the gold rush was over, there was still plenty of money to be made selling picks, shovels and mules to the prospectors.
Jeff Willms won with 1,096,200.
Chien was third with 1,056,900
All I got was: "Error: NaCl module load failed: PnaclCoordinator: PNaCl Translator Error: Error reading bitcode file: Invalid BINOP record"
is NEVER carry sensitive information on you when entering an international airport. Use a clean computer/ personal devices when traveling and access all sensitive data in encrypted form from remote servers.
That's only of you've got data to hide.
Apparently they can steal your gadgets even without that.
I want to know where Obama's "checks and balances" were in this situation.
It's a trap!
He's also not guilty of "identity theft" unless he actually tried to impersonate those women using their data.
. We'll see in 1,000 years if that claim holds up. ;-)
*as some would see it.
Nobody will ever know because there won't be a drive capable of reading it.
"'We will always be grateful for the second chance extended to us and we are doing our best to make the most of it,' says GM CEO Dan Akerson
And his salary/bonus during this time was...?
(Hint: Should have been zero).
You might want to try reading that again.
From the summary: "Many lawmakers, particularly Democrats, feel the current Undetectable Firearms Act inadequately addresses the rising threat posed by printed plastic weapons."
From your linked article: "President Obama signed the 10-year extension of the Undetectable Firearms Act "
Has anybody said "guns" yet?
Me? Not at all.
It's like key negotiation: if your key has leaked, or you have a feeling it might be about to leak, you change it. Requiring another round of communication.
If you meet somebody in the flesh you can exchange any number of keys. Change it once a week, it doesn't matter.
Use the valuable, single-use, keys to exchange more lists of keys. Give one key list to each agent via their list of disposable keys. You only need a single known-secure key exchange to enable thousands of other people to communicate securely.
I imagine you could knock up a piece of software to automate all of that in a couple of weeks. The key lists could be plain text files posted anywhere on the internet.
> PS: If you're a terrorist reading this ...
I'm NOT defending the NSA, but remember that this type of communication requires ... communication.
Yes, but once you get the ball rolling it self perpetuates.
Agreed that the real problem is the mentality of the people running the show who just want *everything*. That's why we need to start encrypting now, and later to start increasing the signal to noise ratio.
(Shouldn't that be "decreasing"? Everybody says always "increasing", shrug...).
Message for Mohammed McMohammed, Afghanistan:
The cheese is on the bread.
Repeat:
The cheese is on the bread.
(Let's see if the NSA can figure out the recipient of that. Or what it means. Gee, they've just been completely defeated by a 100-year old idea...)
And your brilliant solution was....?
PS: If you're a terrorist reading this, here's how to communicate securely without any encryption tools needed: Publish your messages in places where a million people can see them, eg. Twitter, a newsgroup, youtube video comments...anything with a lot of readers. Just agree that it will be done on Tuesdays and Thursdays on Youtube's most popular video of the moment at 4:30pm (or something like that). You can upload the message via an Internet cafe if you're really paranoid.
(It's nothing new, just a 21st century variant of publishing special adverts in newspapers).
Fixing that will be *very* difficult..
Whatever method you use you rely on other people to be relays for your data. They can set up fake relays, they're tapped into the backbones so they can track packets and see how they bounce, they might even be able to insert their own delays to get the packet timing perfect for them, etc.
How about we start with encryption and go from there...?
They can't be trusted. Obama's unspecified "checks and balances" aren't working. Time to start encrypting everything by default.
Both people just need to swap public keys first.
There's the problem, right there...
So...when can we expect the first atheist president?
Just because something the majority does offends a minority, doesn't mean the minority gets to offend the majority.
You do not have the right "Not to be offended"...
Them's the breaks.
You just contradicted yourself.
Well, here they are:
FIRST COMMANDMENT
I am the LORD thy God, which have brought thee out of the land of Egypt, out of the house of bondage. Thou shalt have no other gods before me.
SECOND COMMANDMENT Thou shalt not make unto thee any graven image, or any likeness of any thing that is in heaven above, or that is in the earth beneath, or that is in the water under the earth
Those aren't the ten commandments, these are: http://www.biblegateway.com/passage/?search=Exodus+34&version=NIV
(Pay particular attention to verse 28)
Joce640k, Your alternative is??? Let people die?
You want people to live? Spend some of the USAs seemingly unlimited bullet-money on desalination plants. Even more humans!