First, mining is dominated by a small group of individuals/organizations with expensive specialized hardware (ASICs). This makes a 51% attack plausible should a cartel form, note that a mining pool reached 50% a few years ago. Secondly, 70% of miners are located in a single country and dependent upon government supplied inexpensive electricity.
And that government has recently announced it's going to shut them all down.
Time for a power-grab... one person with enough resources could literally steal all the Bitcoins ever.
(although they wouldn't grab 100% because they'd be worthless if they did, they have to strike the right balance to take away everybody's life savings)
Though I believe too that it is in a bubble I believe bitcoin is too well known to drop to zero value. Instead, it is quite likely that it will become the equivalent of penny stock -
Nope. Bitcoin transactions aren't free. Would you buy penny stocks if the transaction fees were several dollars?
I would point out that Bitcoin has popped, quite a few times by now. It doesn't zero out tho and keeps coming back
Dreams are hard to kill. People still want to believe they can be magically rich.
Remember though: Every time somebody cashes out and makes a profit, that money came from somebody else's savings. It wasn't because Bitcoin generated some value out of nothing.
There's also the fact that PCs as a mainstream product have lost traction to tablets and phones. Consumers who used PCs strictly for web and email don't need them anymore.
Yep. People used to use PCs for that because they had no real choice. These days they simply don't want the pain of installing/maintaining a PC environment.
Just to be clear, this is 100% speculation, and is probably mostly incorrect. There's no advantage at all to the US in involving Sweden in this. The extradition treaty the UK has (not to mention the political relationship between the two) is far stronger,
True, but to extradite him from the UK he'd have to be accused of an actual crime.
To extradite him from Sweden he only has to be in custody for "questioning".
Microsoft is setting up a large recurring payments infrastructure. You don't have to be a genius to see what's coming after the "beta testers" are done with it.
Why this made the front page - as a full story no-less - is beyond me
Really? I have the exact same requirements. My EEEPC 900 still gets daily use but it's stuck on Windows XP because of storage requirements and the CPU struggles with youtube these days.
That isn't even half as funny as real life stories of the shock many white supremacists get when they read their ancestry.com results and find out what manner of mongrel they really are.
I also find it ironic that "Aryan" actually means "Iranian".
Unpatched win7 running on Ryzen.... what slowdown?
Luckily for us Windows 7 users Microsoft has chosen Windows 10 as the guinea pig. We'll get to see what happens performance-wise before we choose to update (or not).
Slashdot Mirror
Because at the end of the day I can uninstall Uber
Because at the end of the day I can not even install Uber in the first place.
How about we make the phone software only send the information if 911 is dialed.
That would work, yes.
But ... the government will want more than that because terrorists and babies.
Remember: The current politicians are the ones who write the laws. It's no wonder their crimes aren't illegal.
They also plan to not have other types of people in office, hence Chelsea's predicament.
First, mining is dominated by a small group of individuals/organizations with expensive specialized hardware (ASICs). This makes a 51% attack plausible should a cartel form, note that a mining pool reached 50% a few years ago. Secondly, 70% of miners are located in a single country and dependent upon government supplied inexpensive electricity.
And that government has recently announced it's going to shut them all down.
Time for a power-grab... one person with enough resources could literally steal all the Bitcoins ever.
(although they wouldn't grab 100% because they'd be worthless if they did, they have to strike the right balance to take away everybody's life savings)
https://www.google.es/search?q...
It's almost as if you know nothing about the design behind the QWERTY keyboard...
You haven't actually read Judge Dredd, have you?
Though I believe too that it is in a bubble I believe bitcoin is too well known to drop to zero value. Instead, it is quite likely that it will become the equivalent of penny stock -
Nope. Bitcoin transactions aren't free. Would you buy penny stocks if the transaction fees were several dollars?
https://news.bitcoin.com/analy...
The NASDAQ is tied to things that generate profits. Actual money. For the NASDAQ to go to zero all those companies have to vanish.
Bitcoin, on the other hand... isn't. It's 100% speculation.
I would point out that Bitcoin has popped, quite a few times by now. It doesn't zero out tho and keeps coming back
Dreams are hard to kill. People still want to believe they can be magically rich.
Remember though: Every time somebody cashes out and makes a profit, that money came from somebody else's savings. It wasn't because Bitcoin generated some value out of nothing.
There's also the fact that PCs as a mainstream product have lost traction to tablets and phones. Consumers who used PCs strictly for web and email don't need them anymore.
Yep. People used to use PCs for that because they had no real choice. These days they simply don't want the pain of installing/maintaining a PC environment.
(and why should they?)
Just to be clear, this is 100% speculation, and is probably mostly incorrect. There's no advantage at all to the US in involving Sweden in this. The extradition treaty the UK has (not to mention the political relationship between the two) is far stronger,
True, but to extradite him from the UK he'd have to be accused of an actual crime.
To extradite him from Sweden he only has to be in custody for "questioning".
It has NOTHING to do with the OS.
Yet.
Microsoft is setting up a large recurring payments infrastructure. You don't have to be a genius to see what's coming after the "beta testers" are done with it.
No, the exchanges only accept real money.
(there's that irony again...)
The idiocy seems to have stopped now. It hasn't gone up for hours.
I suspect Bitcoin will now oscillate up/down for a while then gradually die as the idiots move on to other things.
+2
Wait! You mean we can't all buy one Bitcoin now and have a guaranteed luxury retirement in five years?
It doesn't matter, initial reports are that it's the Spectre patches that are causing the most system slowdown.
That affects AMD, too. :-)
eg. https://www.theverge.com/2018/...
I expect them to give me a choice to install this patch or not.
Yep. "We expect most users to notice a decrease in system performance" is corporate-speak for "you're fucked if you install this".
Most users wouldn't notice a slowdown until after the 30th Internet explorer toolbar.
We have lived with this "flaw" for more than two decades without a single person noticing it or being affected by it.
Sure, but in 2018 every bad person in the world suddenly knows about it (and how to use it).
Why this made the front page - as a full story no-less - is beyond me
Really? I have the exact same requirements. My EEEPC 900 still gets daily use but it's stuck on Windows XP because of storage requirements and the CPU struggles with youtube these days.
That isn't even half as funny as real life stories of the shock many white supremacists get when they read their ancestry.com results and find out what manner of mongrel they really are.
I also find it ironic that "Aryan" actually means "Iranian".
https://en.wikipedia.org/wiki/...
You don't want your CPU secure? don't install the software patch and it'll continue to work exactly as it did.
Good luck with that on Windows/Apple. You don't control updates there.
Intels updates also slow down AMD chips that don't have the bug as well.
Why? Out of spite...?
Unpatched win7 running on Ryzen.... what slowdown?
Luckily for us Windows 7 users Microsoft has chosen Windows 10 as the guinea pig. We'll get to see what happens performance-wise before we choose to update (or not).
Yeah, of course it's much better to just apply the fix and *then* find out your performance has gone to shit.
Luckily for us Windows 7 users, Microsoft has chosen Windows 10 as the guinea pigs.