Why do people give their money to these? I'm really curious.
Simple: The Bitcoin network can only handle 3 transactions per second.
People are setting up 'exchanges' so that people can pretend to buy/sell bitcoins in real time instead of waiting several days/weeks for their transactions to be processed.
And [for] their saying, "Indeed, we have killed the Messiah, Jesus, the son of Mary, the messenger of Allah." And they did not kill him, nor did they crucify him; but [another] was made to resemble him to them. And indeed, those who differ over it are in doubt about it. They have no knowledge of it except the following of assumption. And they did not kill him, for certain.
—Qur'an, sura 4 (An-Nisa) ayat 157
Fact: Bitcoin generates nothing out of thin air; If you earned something with Bitcoin then somebody else lost that exact same amount (plus transaction fees).
This is kindergarten-level math, it means the limiting factor of Bitcoin profit is the amount of money that people can put in and lose.
Questions: a) How long do you think these losses are sustainable? b) If you're buying Bitcoin today, what makes you think you're not one of the losers?
Yep. I've talked to several supposedly smart people over the last few weeks and they all think Bitcoin has no limit, that they could buy one bitcoin today and be a millionaire when they retire.
Basic math proves them wrong (and they agreed with me after I explained it), but... people want to believe!
Slashdot Mirror
Also no speedup, so, meh.
Yeah, I don't get the Kinect hate. My brother went down the Xbox path because of the Kinect and the superior dancing games it supports.
Those dancing games are totally fabulous, how could people hate that?
My brother went down the Xbox path because of the Kinect and the superior dancing games it supports.
I thought the 'Xbox path' was genetic. You learn something every day.
Don't worry, you'll still be able to gloat from your parent-provided basement.
If they use metrix they'd have to make it 888cm for the soundbite.
...except OLED displays aren't very good for monitors. static images can still cause burn-in artifacts.
So? I'll just get another one if that happens.
Nope. Somebody smart enough to realize that calling it a "7680x4320 pixel" TV would be a stupid thing to do.
Repeat 100x a day: "Opinion != fact"
The true version is that vast numbers of parents haven't got a clue, and are stupid. Sad but true. By definition Slashdot readers are wildly atypical.
This is supposed to change that in the next generation.
I could sum it up into a soundbite to be recited instead of the pledge of allegience:
"People deliberately lie, grown-ups can be wrong about stuff even when they're not lying to you".
Pascal, whose sole flaw is using verbose keywords like "begin/end" instead of the concise "{ }".
...most issues the paper mentions have been solved in TP/Delphi.
There have been several attempts to fix the "flawless" language, yes.
(despite even it's creator abandoning it for something better).
It seemed to me like he was about to play the "'Hello, world' is bigger in C++ than C" card.
(and I'd like to see some evidence that C++ rarely results in "decent code" or where it's "not at all helpful").
1993 just called and wants it C vs. C++ flamewar back.
... Pascal, whose sole flaw is using verbose keywords like "begin/end" instead of the concise "{ }".
ROTFL!
http://www.lysator.liu.se/c/bw...
Too much power is pushed down one cable for too long, well past any manufacturer design limits.
The nice "thick" then fails due to owner induced over use beyond any limits set by the manufacturer.
Gee, maybe they could give you a job there. I bet they don't have any real engineers yet.
The whole point of a Bitcoin exchange is to skip the global blockchain (which is too slow for most people).
Why do people give their money to these? I'm really curious.
Simple: The Bitcoin network can only handle 3 transactions per second.
People are setting up 'exchanges' so that people can pretend to buy/sell bitcoins in real time instead of waiting several days/weeks for their transactions to be processed.
The fun part is what's about to happen to the price of Bitcoin.
Most "investors" will lose a lot.
Yep. Most "investors" are simply gifting their life savings to either
a) the miners, or
b) the people who got in at the beginning.
Yep. It's a classic case of carts and horses.
You missed the part where your product is high quality but you don't have a good reputation (or massive sales force), yet.
This article is all well and good but extra scrutiny now would just be closing the door after all the horses are outside.
There's now so many junk patents that we really need to start over.
No they didn't:
https://quran.com/4/157
And [for] their saying, "Indeed, we have killed the Messiah, Jesus, the son of Mary, the messenger of Allah ." And they did not kill him, nor did they crucify him; but [another] was made to resemble him to them. And indeed, those who differ over it are in doubt about it. They have no knowledge of it except the following of assumption. And they did not kill him, for certain.
—Qur'an, sura 4 (An-Nisa) ayat 157
There is economic value in the transactions and storage of wealth.
There's nothing that would make it multiply everybody's money by 1000x just because they put it in there.
Do I trust Wall Street where there is no real penalty for insider trading, or a crypto currency
The correct answer is: "None of the above"
Fact: Bitcoin generates nothing out of thin air; If you earned something with Bitcoin then somebody else lost that exact same amount (plus transaction fees).
This is kindergarten-level math, it means the limiting factor of Bitcoin profit is the amount of money that people can put in and lose.
Questions:
a) How long do you think these losses are sustainable?
b) If you're buying Bitcoin today, what makes you think you're not one of the losers?
Yep. I've talked to several supposedly smart people over the last few weeks and they all think Bitcoin has no limit, that they could buy one bitcoin today and be a millionaire when they retire.
Basic math proves them wrong (and they agreed with me after I explained it), but... people want to believe!