Having the another country printing is own fiat currency does not really affect the price of the USD. There is 873 ish alt-coin (https://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/). Most of them are extremely illiquid thus do not have that real price. If I sell/buy for $5000 of the bottom half of those alt-coins you will see a huge price change. Each of them competes against them with different ideas and strategy. Most will fail, some may discover a better solution. The fact another currency can be created has nothing to do with the limit. There will never be more than 21 million Bitcoin. This is a fact and that will never change.
In your original comment, you said a good currency would have redeemable value, that's good in practice but impossible in reality. The good (no matter what it is (food, water, gold) do not have the same price everyone on earth and WHO will be in charge to do the redeem? There would be massive fraud. I prefer to stick with the law of math that can't be cheated.
Everything you said is true, it has no value, it's nothing but numbers and electron BUT you can't replicate it, you can transfer it and it's limited... those are good characteristics for using it as money. Some people like the idea you can send any amount you want anywhere on the planet. Bitcoin is an experimental currency that has predicted inflation, against USD and EURO where they race to print as much money as they can... the bets are pretty good IMO.
Trains derail because of a century-old standard makes them very badly attached to its rail. If you run into a tube, even if the tube cracks a bit, there is a good chance you still continue in the same direction the same way I can run peas in a straw with crack. I don't think catastrophic can't occur. I just think it's inherently more secure to run in a 360 degrees boundary tube than 2 littles track with no grip else than your own weight.
If you can't mine it and not everyone has access to it, then it's not a crypto currency like Bitcoin... it's a centrally controlled currency just like PayPal or even the fed. The idea you can have all the good of the crypto currency and yet keep control of the money supplier and access is being naïve. Like anything that is getting touch with the gov, I predict this will be a total failure and the gov will do multiple "round" of ICO to make more profit from a currency that has unlimited inflation.
Bitcoin does not have an issue with the protocol. I can't forge a transaction that will seal your balance like you could with a check. The "fraud" we see is more like, if I hack your computer or your phone, I can use that to sign a valid transaction without your consent... it's more a security issue than a protocol problem.
The transactions are very secure, there are millions/billions moving every day.
You can convert them to USD and Euro pretty instantly, the issue would withdraw it as exchange have daily/monthly limit. Tips: you can trade on more than 1 exchanges. The same rules would apply if you try to withdraw 1 millions $ in cash from the bank. The problem is not Bitcoin, it's the legacy system.
While this is new from the concept of internet transfer, the same kind of story happened every for debt payment regarding drugs or gambling. Don't start blame Bitcoin on that... bad guys just use the best technology around as usual.
While would someone investing in the best-performing asset over on the best-revolutionised technology be an idiot? I guess you don't own Bitcoin... or haven't learned how Bitcoin really works.
bitcoin is not only a speculation bubble, it's an idea, a concept, just like torrent or the internet itself. While bitcoin price can surely go down, the concept is out forever. It's an experimental currency and we live right now its birth and rise. It's an incredible piece of technology that worth learning.
Nobody owns a couple of millions of bitcoin. The way those are distributed at the fixed rate per time, earlier adopter had more but they worthless, today they worth a lot but received also less. If someone right now has let's say 100,000 BTC (worth 200 million) he probably acquired them a couple years ago and probably believe in the currency... little chance he will sell them all at the same time. If it's case that would crash the price instantly because there is no such liquidity. The same concept can be applied to stocks or gold.
I think windows have already most of the what they need, they can probably grab even more stuff like url visited, app running time but the whole concept of reporting data to a server is built-in Windows 10 and that's save a lots of time for Chinese Gov.
If you need to collude with 39 ISP to block 50% of the traffic, if a SINGLE packet reaches another node it will propagate. This is complete theoretical attack and both not achievable and non-realistic. Even if 90% of the nodes are corrupted, at some point the block will be propagated.
While that seems bad, it would be fixed without a few hours for most miners. The source code is open (even the mining software with remote stop code). Miners can freely recompile it and update it. There is also a simple dns trick to remove that domain and point it to 127.0.0.1 Don't worry, Bitcoin can't be shut down that easy and there is no single point of failure.
I know they are important and they protect the "world" but if they could release a couple of them that would lower the cost of everyone that need to have a server.
https://en.wikipedia.org/wiki/...
Slashdot Mirror
The new feature is not permission by users but permission by an application running. The virus, most of the time, run under your own credentials.
Crime Privacy Police Complaints Drop 93 Percent After Deploying Body Cameras https://yro.slashdot.org/story...
Having the another country printing is own fiat currency does not really affect the price of the USD. There is 873 ish alt-coin (https://coinmarketcap.com/currencies/views/filter-non-mineable-and-premined/). Most of them are extremely illiquid thus do not have that real price. If I sell/buy for $5000 of the bottom half of those alt-coins you will see a huge price change. Each of them competes against them with different ideas and strategy. Most will fail, some may discover a better solution. The fact another currency can be created has nothing to do with the limit. There will never be more than 21 million Bitcoin. This is a fact and that will never change. In your original comment, you said a good currency would have redeemable value, that's good in practice but impossible in reality. The good (no matter what it is (food, water, gold) do not have the same price everyone on earth and WHO will be in charge to do the redeem? There would be massive fraud. I prefer to stick with the law of math that can't be cheated.
Everything you said is true, it has no value, it's nothing but numbers and electron BUT you can't replicate it, you can transfer it and it's limited... those are good characteristics for using it as money. Some people like the idea you can send any amount you want anywhere on the planet. Bitcoin is an experimental currency that has predicted inflation, against USD and EURO where they race to print as much money as they can... the bets are pretty good IMO.
McAfee may not be a "high-profile" character but he is involved in Bitcoin. http://lmgtfy.com/?q=john+mcaf...
Trains derail because of a century-old standard makes them very badly attached to its rail. If you run into a tube, even if the tube cracks a bit, there is a good chance you still continue in the same direction the same way I can run peas in a straw with crack. I don't think catastrophic can't occur. I just think it's inherently more secure to run in a 360 degrees boundary tube than 2 littles track with no grip else than your own weight.
Or just ask Apple to send to them the 3D scan of everyone how configured their phone.
Please, someone, verify the math... how did Bitcoin lost more than $1000 and still be above $4000 when the all time high was $5000.
If you can't mine it and not everyone has access to it, then it's not a crypto currency like Bitcoin... it's a centrally controlled currency just like PayPal or even the fed. The idea you can have all the good of the crypto currency and yet keep control of the money supplier and access is being naïve. Like anything that is getting touch with the gov, I predict this will be a total failure and the gov will do multiple "round" of ICO to make more profit from a currency that has unlimited inflation.
Bitcoin does not have an issue with the protocol. I can't forge a transaction that will seal your balance like you could with a check. The "fraud" we see is more like, if I hack your computer or your phone, I can use that to sign a valid transaction without your consent... it's more a security issue than a protocol problem. The transactions are very secure, there are millions/billions moving every day.
You can convert them to USD and Euro pretty instantly, the issue would withdraw it as exchange have daily/monthly limit. Tips: you can trade on more than 1 exchanges. The same rules would apply if you try to withdraw 1 millions $ in cash from the bank. The problem is not Bitcoin, it's the legacy system.
https://en.wikipedia.org/wiki/...
Can someone explain me why MP3 are already working when open with Chrome?
If you are blocked, you can open a "private mode" browser and still see his tweet? How can they feel soo "blocked" ?
While this is new from the concept of internet transfer, the same kind of story happened every for debt payment regarding drugs or gambling. Don't start blame Bitcoin on that... bad guys just use the best technology around as usual.
Can they just turn off some turbines? It feels odd for me to have to PAY someone to burn electricity...
While would someone investing in the best-performing asset over on the best-revolutionised technology be an idiot? I guess you don't own Bitcoin... or haven't learned how Bitcoin really works.
bitcoin is not only a speculation bubble, it's an idea, a concept, just like torrent or the internet itself. While bitcoin price can surely go down, the concept is out forever. It's an experimental currency and we live right now its birth and rise. It's an incredible piece of technology that worth learning.
Nobody owns a couple of millions of bitcoin. The way those are distributed at the fixed rate per time, earlier adopter had more but they worthless, today they worth a lot but received also less. If someone right now has let's say 100,000 BTC (worth 200 million) he probably acquired them a couple years ago and probably believe in the currency... little chance he will sell them all at the same time. If it's case that would crash the price instantly because there is no such liquidity. The same concept can be applied to stocks or gold.
I think windows have already most of the what they need, they can probably grab even more stuff like url visited, app running time but the whole concept of reporting data to a server is built-in Windows 10 and that's save a lots of time for Chinese Gov.
If I want to try out Cosmos DB I have to pay an Azure subscription? As I can see, it's not a stand-alone product at all.
Maybe one day with solar panels you may be able to be free... but Québec winter is soo harsh that's it's almost inconceivable.
If you need to collude with 39 ISP to block 50% of the traffic, if a SINGLE packet reaches another node it will propagate. This is complete theoretical attack and both not achievable and non-realistic. Even if 90% of the nodes are corrupted, at some point the block will be propagated.
While that seems bad, it would be fixed without a few hours for most miners. The source code is open (even the mining software with remote stop code). Miners can freely recompile it and update it. There is also a simple dns trick to remove that domain and point it to 127.0.0.1 Don't worry, Bitcoin can't be shut down that easy and there is no single point of failure.
I know they are important and they protect the "world" but if they could release a couple of them that would lower the cost of everyone that need to have a server. https://en.wikipedia.org/wiki/...