Freshman year in college, learning how to use a sliderule was mandatory. A year later they were gone, completely disappeared. The TI SR-50 killed them.
"Anyone who can't use a slide rule is a cultural illiterate and should not be allowed to vote."
(Robert Heinlein, in "Have Space Suit, Will Travel")
It was designed by Calatrava, so no surprises there. Everything he designs falls to pieces (and/or causes accidents). Google something like "calatrava disaster", I'm sure you'll get plenty of hits.
No, I have no idea why he's so famous or why people have paid him billions to design so much stuff.
“We have stripped a lot of the needless instruments out,” said Oliver. “In modern cars you have so many buttons I honestly don’t know what many of them are for.”
And yet you think you're qualified to be a car designer?
Yep. All Bitcoin really does at the moment of move people's money around.
It can't create any money: If one person made a million bucks with Bitcoin then that means a thousand other people lost a thousand bucks each.
It's very basic math and it's not infinite, it's limited by: a) Belief/gullibility b) The amount of money people can physically scrape together to "invest".
You can argue that Apple shares are basically the same at this point and I won't disagree. Apple has real products and a real-world presence though, Bitcoin doesn't.
If you mean "Why can't we create yet another cryptocoin with a bigger page size?" then:
a) It's unlikely to happen in practice. The world's reaction to Yet Another Cryptocoin isn't going to be "Yes, please!". b) No page size will be big enough for a cryptocoin to be used as a general-purpose payment system at a worldwide level that needs tens of millions of transactions per second.
There's also the problem of what happens when all the Bitcoins have been found and the miners aren't interested in signing any more pages of the ledger. The amount of work needed to falsify the ledger will drop dramatically and the miners will be sitting there with a whole lot of mining hardware sat there doing nothing.
If it's based on a public, signed ledger then it HAS to be be Bitcoin.
Based on what? What exactly stops a technically similar but better architected solution - say with larger more usable at scale block sizes from being widely adopted?
It seems you don't understand blockchain: The only way a publicly owned ledger can be tamper-proof is by requiring an unfeasible amount of work for a malicious party to alter it.
That's what Bitcoin miners do - sign the pages of the ledger in return for rewards (bitcoins). To falsify the ledger you need as much computing power as all the bitcoin miners in the world put together.
What is stop the Federal reserve from issuing its own cryptocurrency
Why would they? They already have a working currency with matching electronic and anonymous (ie cash) payment methods.
If it's based on a public, signed ledger then it HAS to be be Bitcoin. The only way to keep the ledger secure is by requiring vast amounts of work to add an entry to it.
It it isn't based on a public, signed ledger then it's not free, it has to be controlled by a trusted party. Who's that going to be? Banks? A government? We already have that, it's called "money".
a) Can we talk about both things? b) Condoms in Africa is a religious issue. We can help beat that by promoting critical thinking via. discussions about, eg., global warming.
Information: A minor species of coral that isn't as vulnerable to heat doesn't cancel out all the vast swathes of coral that's already dead/dying from heatstroke.
But I'm sure this "news" will be published all over the USA's disinformation system before breakfast.
Slashdot Mirror
Freshman year in college, learning how to use a sliderule was mandatory. A year later they were gone, completely disappeared. The TI SR-50 killed them.
"Anyone who can't use a slide rule is a cultural illiterate and should not be allowed to vote."
(Robert Heinlein, in "Have Space Suit, Will Travel")
I was in one of the last years my high school taught to use sliderules. Fancy ones already had trig scales. Didn't need the trig tables anymore.
I still use one, just for kicks.
"Fancy" ones had much more than trig scales. My 1974-model Faber-Castell 2/83N Novo-Duplex has 33 scales on it.
It was designed by Calatrava, so no surprises there. Everything he designs falls to pieces (and/or causes accidents). Google something like "calatrava disaster", I'm sure you'll get plenty of hits.
No, I have no idea why he's so famous or why people have paid him billions to design so much stuff.
“We have stripped a lot of the needless instruments out,” said Oliver. “In modern cars you have so many buttons I honestly don’t know what many of them are for.”
And yet you think you're qualified to be a car designer?
Even better would be if people learned to think for themselves and/or check up on stories before reposting them.
Trying to pass laws to regulate the news feeds to prevent "fake news" is putting the cart before the horse.
OH, wait, I think I see a flaw in this plan. :-(
A tonne of naturally-occurring magnesite can remove around half a tonne of CO2 from the atmosphere
So... we only need to make 70 Gigatonnes of this stuff per year, spread it around the place, and we've got the entire global warming problem licked?
Great! Let's get started!!
How's the swamp-draining coming along?
Yep. All Bitcoin really does at the moment of move people's money around.
It can't create any money: If one person made a million bucks with Bitcoin then that means a thousand other people lost a thousand bucks each.
It's very basic math and it's not infinite, it's limited by:
a) Belief/gullibility
b) The amount of money people can physically scrape together to "invest".
You can argue that Apple shares are basically the same at this point and I won't disagree. Apple has real products and a real-world presence though, Bitcoin doesn't.
Before the Xmas rush, right?
PS: What "years" of bitcoins...?
If you mean "why can't the size of the pages in the ledger be increased?" then the TLDR answer is that Bitcoin is stuck in a rut.
https://en.bitcoin.it/wiki/Blo...
If you mean "Why can't we create yet another cryptocoin with a bigger page size?" then:
a) It's unlikely to happen in practice. The world's reaction to Yet Another Cryptocoin isn't going to be "Yes, please!".
b) No page size will be big enough for a cryptocoin to be used as a general-purpose payment system at a worldwide level that needs tens of millions of transactions per second.
There's also the problem of what happens when all the Bitcoins have been found and the miners aren't interested in signing any more pages of the ledger. The amount of work needed to falsify the ledger will drop dramatically and the miners will be sitting there with a whole lot of mining hardware sat there doing nothing.
I think it's actually 12
No, it's actually around 5 or 6 at the moment: https://en.wikipedia.org/wiki/...
We were only discussing blockchains, but ... feel free to stay ignorant.
No, absolutely nothing like a real bank.
A real bank owns the ledger. When you own a ledger there's no requirement of making it very difficult to add new transactions to it.
If it's based on a public, signed ledger then it HAS to be be Bitcoin.
Based on what? What exactly stops a technically similar but better architected solution - say with larger more usable at scale block sizes from being widely adopted?
It seems you don't understand blockchain: The only way a publicly owned ledger can be tamper-proof is by requiring an unfeasible amount of work for a malicious party to alter it.
That's what Bitcoin miners do - sign the pages of the ledger in return for rewards (bitcoins). To falsify the ledger you need as much computing power as all the bitcoin miners in the world put together.
What is stop the Federal reserve from issuing its own cryptocurrency
Why would they? They already have a working currency with matching electronic and anonymous (ie cash) payment methods.
And breathe.
If it's based on a public, signed ledger then it HAS to be be Bitcoin. The only way to keep the ledger secure is by requiring vast amounts of work to add an entry to it.
It it isn't based on a public, signed ledger then it's not free, it has to be controlled by a trusted party. Who's that going to be? Banks? A government? We already have that, it's called "money".
About half of Bitcoin is owned by a handful of Chinese miners in a little cartel of their own.
Maybe they had an argument over how much longer they should spend their own money to keep the price propped up.
It's over, and has been for a long time.
All the "rebounds" since last January are mostly just the Chinese bitcoin miners manipulating the market to get money from the idiots.
All we need is for the idiots to stop believing and it's going to be a total trainwreck.
(Remember: Only about 6 Bitcoin transactions per second are possible in the entire world - nobody will be able to sell :-) )
I see what you did there. ^
That's politics, not science.
And, strangely enough, man needs the oceans to be healthy.
Just don't confuse coral "bleaching" with dying. It's normal for coral to "bleach" (expel their algae) every few years
But not entire reefs, all at the same time, over vast areas,
Are you one of those who thinks it's also "normal for the Earth to warm up, therefore AGW can't exist?
a) Can we talk about both things?
b) Condoms in Africa is a religious issue. We can help beat that by promoting critical thinking via. discussions about, eg., global warming.
Information: A minor species of coral that isn't as vulnerable to heat doesn't cancel out all the vast swathes of coral that's already dead/dying from heatstroke.
But I'm sure this "news" will be published all over the USA's disinformation system before breakfast.