[Can Someone Explain To Me The Difference] between bitcoin and something like WoW gold and similar virtual currencies? Why all the interest in bitcoin all of a relative sudden after decades of ignoring all the trade in other virtual currencies?
There are many important differences but I would say the most the most significant is one of simple trust. With WoW gold, Amazon coins, Facebook credits, or any other virtual currency to exist before Bitcoin you had to place your trust in the issuer of those tokens. This means that ultimately, their value is entirely dependent upon the fortunes and whims of that issuer. They could be discontinued, devalued, confiscated, or erased at any time and in a fashion beyond your control. As Bitcoin is entirely decentralized there is no such counter party risk. The protocols are open source and can only be changed by the collective agreement of greater than 50% of the total hashing (processing) power available to the network as a whole. Also, as there is no central server or organization that can be shut down it is highly resistant to coercion or seizure. Even if it were ruled illegal it would be nearly impossible for a government to completely restrict its use.
Actually, if he managed them properly (i.e. encrypted the wallet so authorities don't have access and backed it up to a location he can access later, e.g. email it to an anonymous webmail account) they really haven't "seized" anything. He can simply unseize them the next time he has unrestricted internet access. This is just another reason Bitcoin is better than cash. If you know what you are doing it cannot be confiscated or stolen, only transferred with your consent or by coercion.
It's quite a racket, if you think about it: 3% of the top of a huge chunk of all consumer transactions. I dream of seeing some real competition in the payment processing market.
I'm sure this will have essentially the same fee structure and profit models as standard credit cards. The best long term hope for true competition payment processing is Bitcoin. With a mostly voluntary transaction fee of about $0.01 on any transaction including those across borders, it is secure, pseudo-anonymous, non-reversible, and there is no bank or government to deny access or confiscate funds. With greater adoption values should rise significantly with diminishing volatility until eventually a slow, steady deflation sets in. While many would argue that deflation is bad, this is not necessarily correct as this only applies if Bitcoin were to totally supplant fiat currency but this is highly unlikely. More probable is that it will be used in much the same way as cash or debit cards, as a replacement for Western Union, and as a store of value. You will always need dollars (or euro, or yuan,...) to pay your taxes.
Not necessarily. If you were looking to establish a business relationship and emailed inquiries to a half dozen companies, why would you bother to follow up with somebody who, from your perspective, didn't make an effort to reply.
"Spam is a problem where false positives generally cost less than false negatives"
This may be true if you are a basement dwelling slashdotter but out in the real world a single false positive is one too many. Try explaining your position to a client or executive who missed a million dollar inquiry due to your overly aggressive spam filters.
I would happily recommend non-technical users purchase directly through Apple even with their premium pricing model based solely on their excellent post-sales support but for the fact that they only sell Apple products.
Judging by your previous posts, the politics you appear to embrace are much too aligned with the United States tea party types to truly represent any western European citizen I have ever known. First of all, Ive never seen any European refer to California as "Kalifornia" and there aren't many European global warming deniers either. If you do live in western Europe as you say, you are likely an American abroad, not invested in the social contract of your host nation, and simply projecting your provincial misunderstandings upon your current home. In this case, my guess is that there are very few around you who would share your opinions.
I've always considered Best Buy a terrific example to illustrate the quote "No one ever went broke underestimating the intelligence of the American public."
The obvious failings of Politifact have actually caused me to consider what it would take to create a forum for debate where fact and substantive debate would drive the content. What I envision is a website where you could check the accuracy of not only public officials but also media broadcasts and other reporting.
As far as election debate, I could imagine each candidate for example having their own section. Within this section, it could be divided into broad policy areas such as Security, Economic, Social, and Environmental. Each of these could be subdivided as necessary and within these divisions every statement made by the candidate or campaign could be independently analyzed against on a set of predetermined measures of accuracy and level of content, Anybody would be allowed to provide feedback and analysis but this would be moderated and scored against some type of "reputation index" where authoritative sources are primary followed by respected scientists or leaders in the field all the way down to anonymous sources (whose voice will be heard but whose analyses would not impact scoring). The candidates would be allowed to expand and clarify their positions and even respond to the analysis and these responses would themselves be scored. The scores could then be aggregated and averaged to provide a wider perspective view.
Of course this is all total speculation. I neither have the time or resources necessary to realize a project of this magnitude but would be thrilled to provide feedback to anybody considering implementing something of this nature.
The problem with Politifact, and in fact much of political reporting, is the cult of false equivalency.
You just nailed the greatest problem with political discourse in this country. Most of the major news organizations have decided that impartiality requires they provide an equal platform to both sides of any issue regardless of where the facts lie. Rather than informing their audience, this type of "balanced" reporting only clouds the debate by giving the appearance of credibility to science deniers and conspiracy theorists.
But it isn't just office. Active directory is much easier to deploy and manage than an assortment of linux servers running ldap, DNS, etc. Business isn't just email, word, and excel. It is about effortless collaboration and communication.
In the handful of malware cases I've seen on a Win7 system, the have been limited to userland and easily cleaned. As to rebooted they are primarily reserved for software updates and installations requiring drivers.
Yes I know you trying to be funny but as an IT consultant for small and midsized businesses, I haven't seen a Windows system totally crash since XP and even then rarely saw any crashes after SP3. For all the haters here on Slashdot, Windows is still by far the best desktop environment available for use in a business setting.
I use a unique email address and randomly generated password for every single website to which I register. I don't know if I am a member on this forum but even if I am, I'm not going to bother with changing credentials because frankly, if somebody wants to impersonate me on a forum I may have joined simply for advice on a particular product I say go for it.
You don't get it.
The "mandate' or more appropriately described tax penalty is accompanied by tax credits which means if you truly cannot afford the premiums, they will be partially or fully offset by a lower withholding from your paycheck or even a tax refund beyond withholdings for the extremely poor.
If you can afford it, you should have insurance lest you offload your emergency care costs and overall higher cost of servicing to those who do. You are not required to but if you don't, it is entirely reasonable you pay a tax to support the higher cost of service you are imposing upon the rest of us.
You will get tax credits based upon your income. This means that lower income workers will have up to 100% of their premiums offset either through a lower income tax bill or tax refund. Also, since this is a tax credit similar to the EIC, you may be eligible for a refund even if you had nothing withheld for federal income taxes.
That's because by the time they had a fully functional system, there were so many obscure configurations, custom scripts, and dirty hacks required that they are the only one who knows how to administer it.
It would probably also help if you could get Linux users to stop fighting amongst themselves over every little goddamn thing. Outsiders are really turned off by what looks like a bunch of squabbling geeks fighting over their favorite Star Trek series (which we all know is DS9, anyway). Average consumers *do not* like stepping into the middle of a fight which they don't even understand. That's one of the reasons they like Windows and OS X (all the fighting over those is kept behind the scenes, for the most part).
Not only that but another big turn off is that documentation often tends to be non-existent, incomplete, confusing, or simply wrong then, to make matters worse, when inexperienced users venture into the forums looking for guidance, the replies are usually along the lines of RTFM emphasized with varying degrees of condescension. Very rarely will you find a simple, clear set of instructions on how to perform a specific procedure. New users need hand holding but the Linux community will more often than not just throw them to the wolves.
They could have absolved themselves of liability by simply issuing a correction in a much more low profile fashion. By doing so in the manner they are, they are making a point of journalistic integrity.
It's a fair criticism. NPR, when faced with evidence that they presented misleading information immediately took appropriate steps to remedy the mistake. Fox News on the other hand has been repeatedly caught with their hands in the cookie jar and the response is always the same: first try to brush it under the rug and hope nobody notices and should that fail, make every attempt possible to discredit the whistleblower.
This in in clear contrast to organizations claiming to be journalistic enterprises, [I' looking at you Fox News] where when presented with evidence of factually incorect or misleading reporting will instead attack whoever exposes the truth.
To be fair, at least the show's producers acknowledge the mistake, are willing to present a full retraction, and are doing so in the same forum and with equal prominence as the original story. If the same had happened on Fox News, the likely reaction would have been a coordinated attack on whoever brought the truth to light.
Slashdot Mirror
[Can Someone Explain To Me The Difference] between bitcoin and something like WoW gold and similar virtual currencies? Why all the interest in bitcoin all of a relative sudden after decades of ignoring all the trade in other virtual currencies?
There are many important differences but I would say the most the most significant is one of simple trust. With WoW gold, Amazon coins, Facebook credits, or any other virtual currency to exist before Bitcoin you had to place your trust in the issuer of those tokens. This means that ultimately, their value is entirely dependent upon the fortunes and whims of that issuer. They could be discontinued, devalued, confiscated, or erased at any time and in a fashion beyond your control. As Bitcoin is entirely decentralized there is no such counter party risk. The protocols are open source and can only be changed by the collective agreement of greater than 50% of the total hashing (processing) power available to the network as a whole. Also, as there is no central server or organization that can be shut down it is highly resistant to coercion or seizure. Even if it were ruled illegal it would be nearly impossible for a government to completely restrict its use.
Actually, if he managed them properly (i.e. encrypted the wallet so authorities don't have access and backed it up to a location he can access later, e.g. email it to an anonymous webmail account) they really haven't "seized" anything. He can simply unseize them the next time he has unrestricted internet access. This is just another reason Bitcoin is better than cash. If you know what you are doing it cannot be confiscated or stolen, only transferred with your consent or by coercion.
It's quite a racket, if you think about it: 3% of the top of a huge chunk of all consumer transactions. I dream of seeing some real competition in the payment processing market.
I'm sure this will have essentially the same fee structure and profit models as standard credit cards. The best long term hope for true competition payment processing is Bitcoin. With a mostly voluntary transaction fee of about $0.01 on any transaction including those across borders, it is secure, pseudo-anonymous, non-reversible, and there is no bank or government to deny access or confiscate funds. With greater adoption values should rise significantly with diminishing volatility until eventually a slow, steady deflation sets in. While many would argue that deflation is bad, this is not necessarily correct as this only applies if Bitcoin were to totally supplant fiat currency but this is highly unlikely. More probable is that it will be used in much the same way as cash or debit cards, as a replacement for Western Union, and as a store of value. You will always need dollars (or euro, or yuan,...) to pay your taxes.
Maybe folks should think about keeping anteaters as household pets
This wouldn't work. These ants don't live anywhere cold enough to freeze the gorillas.
Not necessarily. If you were looking to establish a business relationship and emailed inquiries to a half dozen companies, why would you bother to follow up with somebody who, from your perspective, didn't make an effort to reply.
"Spam is a problem where false positives generally cost less than false negatives"
This may be true if you are a basement dwelling slashdotter but out in the real world a single false positive is one too many. Try explaining your position to a client or executive who missed a million dollar inquiry due to your overly aggressive spam filters.
I would happily recommend non-technical users purchase directly through Apple even with their premium pricing model based solely on their excellent post-sales support but for the fact that they only sell Apple products.
I call bullshit.
Judging by your previous posts, the politics you appear to embrace are much too aligned with the United States tea party types to truly represent any western European citizen I have ever known. First of all, Ive never seen any European refer to California as "Kalifornia" and there aren't many European global warming deniers either. If you do live in western Europe as you say, you are likely an American abroad, not invested in the social contract of your host nation, and simply projecting your provincial misunderstandings upon your current home. In this case, my guess is that there are very few around you who would share your opinions.
I've always considered Best Buy a terrific example to illustrate the quote "No one ever went broke underestimating the intelligence of the American public."
The obvious failings of Politifact have actually caused me to consider what it would take to create a forum for debate where fact and substantive debate would drive the content. What I envision is a website where you could check the accuracy of not only public officials but also media broadcasts and other reporting.
As far as election debate, I could imagine each candidate for example having their own section. Within this section, it could be divided into broad policy areas such as Security, Economic, Social, and Environmental. Each of these could be subdivided as necessary and within these divisions every statement made by the candidate or campaign could be independently analyzed against on a set of predetermined measures of accuracy and level of content, Anybody would be allowed to provide feedback and analysis but this would be moderated and scored against some type of "reputation index" where authoritative sources are primary followed by respected scientists or leaders in the field all the way down to anonymous sources (whose voice will be heard but whose analyses would not impact scoring). The candidates would be allowed to expand and clarify their positions and even respond to the analysis and these responses would themselves be scored. The scores could then be aggregated and averaged to provide a wider perspective view.
Of course this is all total speculation. I neither have the time or resources necessary to realize a project of this magnitude but would be thrilled to provide feedback to anybody considering implementing something of this nature.
The problem with Politifact, and in fact much of political reporting, is the cult of false equivalency.
You just nailed the greatest problem with political discourse in this country. Most of the major news organizations have decided that impartiality requires they provide an equal platform to both sides of any issue regardless of where the facts lie. Rather than informing their audience, this type of "balanced" reporting only clouds the debate by giving the appearance of credibility to science deniers and conspiracy theorists.
Fair enough but then there is the issue of readily available, fully supported, Industry specific software.
But it isn't just office. Active directory is much easier to deploy and manage than an assortment of linux servers running ldap, DNS, etc. Business isn't just email, word, and excel. It is about effortless collaboration and communication.
In the handful of malware cases I've seen on a Win7 system, the have been limited to userland and easily cleaned. As to rebooted they are primarily reserved for software updates and installations requiring drivers.
Actually I have to correct myself. I have had servers crash but that was primarily due to being improperly configured.
Yes I know you trying to be funny but as an IT consultant for small and midsized businesses, I haven't seen a Windows system totally crash since XP and even then rarely saw any crashes after SP3. For all the haters here on Slashdot, Windows is still by far the best desktop environment available for use in a business setting.
I use a unique email address and randomly generated password for every single website to which I register. I don't know if I am a member on this forum but even if I am, I'm not going to bother with changing credentials because frankly, if somebody wants to impersonate me on a forum I may have joined simply for advice on a particular product I say go for it.
You don't get it. The "mandate' or more appropriately described tax penalty is accompanied by tax credits which means if you truly cannot afford the premiums, they will be partially or fully offset by a lower withholding from your paycheck or even a tax refund beyond withholdings for the extremely poor. If you can afford it, you should have insurance lest you offload your emergency care costs and overall higher cost of servicing to those who do. You are not required to but if you don't, it is entirely reasonable you pay a tax to support the higher cost of service you are imposing upon the rest of us.
You will get tax credits based upon your income. This means that lower income workers will have up to 100% of their premiums offset either through a lower income tax bill or tax refund. Also, since this is a tax credit similar to the EIC, you may be eligible for a refund even if you had nothing withheld for federal income taxes.
... no one got fired for running Linux
That's because by the time they had a fully functional system, there were so many obscure configurations, custom scripts, and dirty hacks required that they are the only one who knows how to administer it.
It would probably also help if you could get Linux users to stop fighting amongst themselves over every little goddamn thing. Outsiders are really turned off by what looks like a bunch of squabbling geeks fighting over their favorite Star Trek series (which we all know is DS9, anyway). Average consumers *do not* like stepping into the middle of a fight which they don't even understand. That's one of the reasons they like Windows and OS X (all the fighting over those is kept behind the scenes, for the most part).
Not only that but another big turn off is that documentation often tends to be non-existent, incomplete, confusing, or simply wrong then, to make matters worse, when inexperienced users venture into the forums looking for guidance, the replies are usually along the lines of RTFM emphasized with varying degrees of condescension. Very rarely will you find a simple, clear set of instructions on how to perform a specific procedure. New users need hand holding but the Linux community will more often than not just throw them to the wolves.
They could have absolved themselves of liability by simply issuing a correction in a much more low profile fashion. By doing so in the manner they are, they are making a point of journalistic integrity.
It's a fair criticism. NPR, when faced with evidence that they presented misleading information immediately took appropriate steps to remedy the mistake. Fox News on the other hand has been repeatedly caught with their hands in the cookie jar and the response is always the same: first try to brush it under the rug and hope nobody notices and should that fail, make every attempt possible to discredit the whistleblower.
This in in clear contrast to organizations claiming to be journalistic enterprises, [I' looking at you Fox News] where when presented with evidence of factually incorect or misleading reporting will instead attack whoever exposes the truth.
To be fair, at least the show's producers acknowledge the mistake, are willing to present a full retraction, and are doing so in the same forum and with equal prominence as the original story. If the same had happened on Fox News, the likely reaction would have been a coordinated attack on whoever brought the truth to light.