If political pressures cause you to abandon the location, your lack of physical presence has deemed you unable to physically defend the location, so it is no longer yours. It is yours for as long as you stay at your impregnable base. Read the post by ModernGreek again. he said what I did a bit more succinctly.
It is about physical defense. Lacking the supplies or being cut off from needed supplies means your physical defense was compromised by attrition. In no way does your point logically counter the comment you were trying to refute. Are you arguing to be difficult or is your reasoning really this weak?
Gold ownership doesn't mean having to carry around the gold, just having some evidence that you own it.
If you are talking about some sort of bond or note backed by gold, well there is nothing stopping one from doing the same with bitcoin. A company that holds bitcoins can take your info and provide you with an "IOU x bitcoins". So we'll call it a tie in that scenario. Now if you want the security of personally owning your bitcoins(keys), then yes, if you lose them... they are lost... same for gold. <snark>Of course you could pull out your backup of you gold you had in another location</snark>
I'm sure there are many properties in which gold would win, but I still see no added convenience to owning gold as opposed to bitcoin. Using gold for something other that trading in some sort of market/exchange would require carrying it around. Go into a store with a gold note and try spend it. Doubt there will be many takers, (remeber... you can just go to the issuer with your id and get a new record) though I'm sure you could find a few fools. There might be a few more that would take government issued golds coins... a quick search on the internet could provide enough of a value to reach an agreement. However you have to carry the coin and protective sleeve and it's not divisible. Random bullion though? Doubt they are going to take the time or have the equipment to verify the weight and purity. Not that you are going to find many places taking bitcoin at the moment, but it takes little more expertise or equipment than current payment solutions take. If it's a large sum of money you would need to let some time pass for several blocks to verify the transaction, but that's still much easier. Buying something from an online shop? I don't care how hard you push your gold bar into the ethernet cable... it's not going in and come out the other end.
Less convenient than fiat, of course, fiat has had an infrastructure being built around if for quite some time. If bitcoin continues to hold it's own eventually there will me more convenient ways to use it. Less convenient than gold or silver? I can't think of one way that is true.
We are the Americans. You are welcome to assimilate with our culture if you wish. We're far from perfect, but your intellectual distinctiveness can be celebrated and rewarded like in no other nation in no other time on this planet. However, you can also choose to remain a pinko socialist and degrade with the futile effort of the rest of your culture.
Perhaps because in America (historically at least) one had great opportunity and could improve their position in life by applying their talent to something useful. Your prospects become limited if you dedicate the kind of time it takes to become a master of that level.
Let me the compile tools used to compile it and then then I'll trust it. Oh, the source for Microsoft's build tools aren't available? Well, we'll just have to trust that Microsoft doesn't cooperate with the NSA.
Well, no, I was correct about what I remembered. Thank you for refreshing my memory about that article, though. Unfortunately, that article and discussion doesn't present the dichotomy you mentioned as the article mentioned the privacy groups were concerned with
electronic surveillance by police agencies across the country and eventually by private companies as well
The discussion also seems to reflect quite a bit of concern about improper use by corporations. I still see no hypocrisy.
The uproar I remember (I'm not implying it was valid concern) was about the government using armed drones to kill Americans on American soil with nothing more than an executive order. Unless the news agency was flying armed drones, I see no hypocrisy.
In the history of humanity, this is pretty low on my list of things to be frightened of. These companies can crumble much easier than the other powers that have existed. I'm speaking generally of course, as there are of course some areas in which this is not entirely true for, but we don't have to buy things from them. They only have power as long as we keep giving them the money we have traded a portion of our life for. If we become their slaves, it is our own doing.
"Start your own x" is indeed bullshit. However, I phrased it a bit broader, perhaps you should read my post again. Also, in this instance we are talking about what they are not doing rather than what they are doing. I've probably bitched about Microsoft or Apple, but I do so without giving them the money I've traded a portion of my life for. In fact, I do what I suggested in my previous post by supporting several software projects (OSS and proprietary) that compete with their products. I've given both time and money in my life along with like minded people to shape products I do want
But anyway... we are talking about a specific case here. Self published Ebooks sold on a website. Seems to me like a pretty low cost of entry to set up. If people think it's important enough to give their time and money to, it will happen. If not, well NOW we have people spouting empty bullshit.
Well, it is a problem for the person who forgot their password. Of course, with bitcoin their are many ways to implement your storage that you can have unencrypted backups in a secure place and only need the password for the easier-to-access encrypted wallet.
If you loose cash it's gone as well. If you hide cash and die, it's likely gone. There are ways to prevent, or at least mitigate the scenarios you describes, though. The keys to my the addresses the bulk of bitcoins are stored in are in an encrypted wallet on an offline computer. The keys are deterministic and I have a physical backup of the root stored in a secure location. I have an online computer with a copy of the wallet without the private keys that I can create transactions with take to my offline computer and sign. I use this process for larger transactions and for smaller transactions to my android client if I need to take some with me.
As with the leather wallet in my back pocket my mobile bitcoin wallet only has a small bit of my net worth in it. If I lose either, that bit of money is gone. My keys can't be stolen by a hacker because of an airgap to the internet. They can't be stolen by a burglar because they are encrypted. And if that computer is stolen or I forget my password I can restore the keys from my physical backup. If I die my wife can do the same.
The bitcoin client Armory is designed for this type of setup.
Slashdot Mirror
Unoriginal and they complicated the design by adding all the electronics when all you need is some boxes and a few hundred Chinese men
If political pressures cause you to abandon the location, your lack of physical presence has deemed you unable to physically defend the location, so it is no longer yours. It is yours for as long as you stay at your impregnable base. Read the post by ModernGreek again. he said what I did a bit more succinctly.
It is about physical defense. Lacking the supplies or being cut off from needed supplies means your physical defense was compromised by attrition. In no way does your point logically counter the comment you were trying to refute. Are you arguing to be difficult or is your reasoning really this weak?
Well, the dollar is backed by the biggest most advanced army ever known in the history of the world. I count that as a point for Bitcoin, though,
Gold ownership doesn't mean having to carry around the gold, just having some evidence that you own it.
If you are talking about some sort of bond or note backed by gold, well there is nothing stopping one from doing the same with bitcoin. A company that holds bitcoins can take your info and provide you with an "IOU x bitcoins". So we'll call it a tie in that scenario. Now if you want the security of personally owning your bitcoins(keys), then yes, if you lose them... they are lost... same for gold. <snark>Of course you could pull out your backup of you gold you had in another location</snark>
I'm sure there are many properties in which gold would win, but I still see no added convenience to owning gold as opposed to bitcoin. Using gold for something other that trading in some sort of market/exchange would require carrying it around. Go into a store with a gold note and try spend it. Doubt there will be many takers, (remeber... you can just go to the issuer with your id and get a new record) though I'm sure you could find a few fools. There might be a few more that would take government issued golds coins... a quick search on the internet could provide enough of a value to reach an agreement. However you have to carry the coin and protective sleeve and it's not divisible. Random bullion though? Doubt they are going to take the time or have the equipment to verify the weight and purity. Not that you are going to find many places taking bitcoin at the moment, but it takes little more expertise or equipment than current payment solutions take. If it's a large sum of money you would need to let some time pass for several blocks to verify the transaction, but that's still much easier. Buying something from an online shop? I don't care how hard you push your gold bar into the ethernet cable... it's not going in and come out the other end.
Less convenient than fiat, of course, fiat has had an infrastructure being built around if for quite some time. If bitcoin continues to hold it's own eventually there will me more convenient ways to use it. Less convenient than gold or silver? I can't think of one way that is true.
"like spokes on a wheel" was not apt description and set my exceptions of the image a bit too high. Meh, indeed.
We are the Americans. You are welcome to assimilate with our culture if you wish. We're far from perfect, but your intellectual distinctiveness can be celebrated and rewarded like in no other nation in no other time on this planet. However, you can also choose to remain a pinko socialist and degrade with the futile effort of the rest of your culture.
FTFY
Perhaps because in America (historically at least) one had great opportunity and could improve their position in life by applying their talent to something useful. Your prospects become limited if you dedicate the kind of time it takes to become a master of that level.
I hope you have your sextant ready, as I wouldn't count on GPS satellites staying in operation if society collapses to that extent.
Let me the compile tools used to compile it and then then I'll trust it. Oh, the source for Microsoft's build tools aren't available? Well, we'll just have to trust that Microsoft doesn't cooperate with the NSA.
I thought Maverick was 10.10. And a meercat isn't really cat. So much for Apple's naming scheme.
Besides, raccoon can't fly. What kind of logic is that?
Well, no, I was correct about what I remembered. Thank you for refreshing my memory about that article, though. Unfortunately, that article and discussion doesn't present the dichotomy you mentioned as the article mentioned the privacy groups were concerned with
electronic surveillance by police agencies across the country and eventually by private companies as well
The discussion also seems to reflect quite a bit of concern about improper use by corporations. I still see no hypocrisy.
The uproar I remember (I'm not implying it was valid concern) was about the government using armed drones to kill Americans on American soil with nothing more than an executive order. Unless the news agency was flying armed drones, I see no hypocrisy.
While we are at it, we should start strictly regulating the millions of other objects with the same properties that you described.
In the history of humanity, this is pretty low on my list of things to be frightened of. These companies can crumble much easier than the other powers that have existed. I'm speaking generally of course, as there are of course some areas in which this is not entirely true for, but we don't have to buy things from them. They only have power as long as we keep giving them the money we have traded a portion of our life for. If we become their slaves, it is our own doing.
"Start your own x" is indeed bullshit. However, I phrased it a bit broader, perhaps you should read my post again. Also, in this instance we are talking about what they are not doing rather than what they are doing. I've probably bitched about Microsoft or Apple, but I do so without giving them the money I've traded a portion of my life for. In fact, I do what I suggested in my previous post by supporting several software projects (OSS and proprietary) that compete with their products. I've given both time and money in my life along with like minded people to shape products I do want
But anyway... we are talking about a specific case here. Self published Ebooks sold on a website. Seems to me like a pretty low cost of entry to set up. If people think it's important enough to give their time and money to, it will happen. If not, well NOW we have people spouting empty bullshit.
Who decides?
The owner of the store. They don't have to have fair or consistent rules. Deal with it or start/support a new store with like minded people.
Yeah, seems more likely to me he's got a zombie machine on his network participating in DDoS of another target that actually is worth targeting.
Well, it is a problem for the person who forgot their password. Of course, with bitcoin their are many ways to implement your storage that you can have unencrypted backups in a secure place and only need the password for the easier-to-access encrypted wallet.
If you loose cash it's gone as well. If you hide cash and die, it's likely gone. There are ways to prevent, or at least mitigate the scenarios you describes, though. The keys to my the addresses the bulk of bitcoins are stored in are in an encrypted wallet on an offline computer. The keys are deterministic and I have a physical backup of the root stored in a secure location. I have an online computer with a copy of the wallet without the private keys that I can create transactions with take to my offline computer and sign. I use this process for larger transactions and for smaller transactions to my android client if I need to take some with me.
As with the leather wallet in my back pocket my mobile bitcoin wallet only has a small bit of my net worth in it. If I lose either, that bit of money is gone. My keys can't be stolen by a hacker because of an airgap to the internet. They can't be stolen by a burglar because they are encrypted. And if that computer is stolen or I forget my password I can restore the keys from my physical backup. If I die my wife can do the same.
The bitcoin client Armory is designed for this type of setup.
I had to look down and check. Wow, there is a set of those keys on the right.
Sorry, that's not on the chart
He refused to help them. See what happens when you do that?