Post-compression could be 1 bit per character on average, I suppose.
The information content of the average tweet is less than 1 bit so compression ratios should be FAR higher than that.
(I wouldn't be surprised if the whole of this years tweets could be compressed onto a single floppy if we use the previous eleven years as a dictionary).
How about we ban guns? That's the real problem, don't you think?
The main difference between semi-auto and a bump stock in a large crowd of people is how fast you run out of ammo. Lethality is about the same overall.
IF Bitcoin succeeds, a value of $100k-$500k is almost certain
LOL!
How can is "succeed"? All it does is move money from one person to another person. It doesn't create any value, it just redistributes money.
If one person makes a million dollars buy buying/selling Bitcoin then 1000 other people have to lose 1000 bucks each. That's the way it works.
Anybody saying "it's scarce!" doesn't understand scarcity. Scarce commodities are only worth something if you can use them to either a) Make clever things, or b) Show your status to other people.
What are you going to do if the price crashes? Go out wearing your bitcoin wallet on a T-shirt so girls can see how "wealthy" you once were?
The reality is that you're basically looking at this week's lottery numbers and thinking: "If only I'd bought those numbers last week...I'd be retired now!"
Slashdot Mirror
Do you know what shill actually means? Bitcoin isn't a company, you know that, right?
A "shill" could also be paid by a high-level Bitcoin miner.
Post-compression could be 1 bit per character on average, I suppose.
The information content of the average tweet is less than 1 bit so compression ratios should be FAR higher than that.
(I wouldn't be surprised if the whole of this years tweets could be compressed onto a single floppy if we use the previous eleven years as a dictionary).
When you eat a banana, your body's level of Potassium-40 doesn't increase. You just get rid of some excess Potassium-40.
Not true unless you poop out an exact equivalent dose of potassium while you're eating the banana.
If you don't poop while eating then there's more potassium in your body until you do.
you prove that a theory is correct. You don't prove that a theory is incorrect.
facepalm^10.
(shakes head and walks away)
Climate 'science', for example, needs to face far more objective scrutiny than it currently does.
Keep your hands over your ears and go LALALALALALALAL!
PS: climate science has plenty of large corporations busy trying to prove it wrong (and failing)
How is it worse that the USA's mysterious "no-fly" lists or the TSA groping everybody who wants to travel somewhere in the USA?
People convert their savings into Bitcoins when their local currency is unstable. Then they convert it back again once things settle down.
Right.... because Bitcoin is far more stable.
My, my, are you STUPID. The company wouldnt be rising prices if they knew they couldnt get away with it
Not only that, demand will go up because people will demand the "$300 good stuff" not the "$5 garbage".
Goldman Sachs... Currency... What could possibly go wrong?
Not much. They're late to the party and Bitcoin is in its death throes now. It came and went before they could respond.
I'm guessing your're a poor little dumbass that doesn't know foot from mouth and is now jealous of those who profited from intelligence.
Bitcoin is over now. It's gone from $20,000 to $13,000 in two days. Maybe ther'll be a rally or two but the fat lady is now clearing her throat.
Some people will have made a million, yes, but for every one of those there's a thousand others who lost a thousand bucks. It's simple math.
Were they all "intelligent"?
Opening up into new ways to scam the world
The players play, the house never loses.
I read that headline as "Project Klepto", honest to glub I did.
Businesses are at the mercy of your wallet.
Only if there's:
a) Plenty of choice
b) No collusion
Tim Wu has just stuck his foot in his mouth in front of the entire Internet.
If somebody makes a million bucks on Bitcoin then 1000 other people lost 1000 bucks (or 10,000 people lost 100 bucks, or whatever).
It's not difficult to understand. There's no intrinsic value to Bitcoins, it's just an exchange.
The only interesting thing to note is the ratio of winners to losers.
Rubbish.
You can wear gold to show your status, that's real value in most societies in the world. Bling==pussy even after the apocalypse.
You can't wear Bitcoin though.
Was anybody actually surprised by the vote?
It was crystal clear which way it was going to go as soon as Trump announced it. All the protesting and wailing was just background noise.
How about we ban guns? That's the real problem, don't you think?
The main difference between semi-auto and a bump stock in a large crowd of people is how fast you run out of ammo. Lethality is about the same overall.
How is that different from the stock market?
Simple: Shares in a company don't go up day after day like bitcoin does.
(and if they did you'd think something was wrong and not buy them)
Cynic mode: It will be just the right amount to ensure he pays no tax on the millions he cashes out for himself.
And so it begins.
Meanwhile the women will figure out how to get pregnant without men and take over the planet.
Men will go extinct and women will live in a the bitchy, hissy world they all deserve.
For one, because it's a better way of making money than a closed internet.
They forgot to add "so far..."
That could all end the day Netflix starts making deals with the ISPs.
IF Bitcoin succeeds, a value of $100k-$500k is almost certain
LOL!
How can is "succeed"? All it does is move money from one person to another person. It doesn't create any value, it just redistributes money.
If one person makes a million dollars buy buying/selling Bitcoin then 1000 other people have to lose 1000 bucks each. That's the way it works.
Anybody saying "it's scarce!" doesn't understand scarcity. Scarce commodities are only worth something if you can use them to either a) Make clever things, or b) Show your status to other people.
What are you going to do if the price crashes? Go out wearing your bitcoin wallet on a T-shirt so girls can see how "wealthy" you once were?
Hindsight is always 20:20.
The reality is that you're basically looking at this week's lottery numbers and thinking: "If only I'd bought those numbers last week...I'd be retired now!"
PS: Sell!