Can the "other people" just can vaccinated? The same thing could be said about computer virus... Is my grand ma criminal for having her computer infected and possibly infecting other? Everyone should take their own action. As you pointed it out well, the nature will "naturally" eliminate bad behavior and normally improved over time. Start forcing everyone to take a vaccine is a wide open door to forcing everyone to take "X". And some cases "X" could be bad, unproved or not good for everyone.
1 - Bitcoin settlement can take hours, Credit card can takes months... you see the notification instantaneously, there is services that can tell you in a few second how safe it is (double spend & fees validation). If you are buying anything
3 - Just like cash, if you give cash to someone and he run away, it's gone. If you burn it, it's gone. Bitcoin is not created for your Grama, but can work for banks,business and surely international transfer that takes days and cost a lots.
4 - You talk about secrecy compare to our current financial system when the money supply is decided in private by a handful of people? Bitcoin money supply is know from the start. Some considerable amount of bitcoin from the start are not moving, we don't know maybe they are just locked there forever like many because the owner lost the private key. That's now a problem for me considering the current system we have is build the same way.
Government can destroy a currency by printing like they want, they did it many times, they are still doing it and they will do it again. Can we have an alternative that is different? Leave the experience alone you are not force to trade in Bitcoin.
Exact, they like it, they agree it's good, but they want their own so they can control it. But only problem: it's great because nobody control it.
My guess is a millions will go down the drain before they switch to a 621+ peta hash/sec secure blockchain known as Bitcoin.
Most fiat currency live about 100 years. Giving the fact that Bitcoin is a totally new concept (no central authority) I guess 20-30 years would be enough to prove that it' a viable currency in the long term.
I guess you were not there when it got way more drastic drop in price.
In 2011 we got a 90% drop in price...
http://arstechnica.com/tech-po...
That said, the experimental currency still worth more than 200 times the USD; itself a pretty string currency compared to the hundreds other currency on the planet.
I use it every day to cumulate sales, hours, "normal" calculation such as adding number, date, multiplication and division between rows. Do I qualify as non-import task?
Ok I'm a bitcoin fan-boy, I will say that bitcoin is an experimental currency. All other have infinite supply, and this one doesn't. Let the game play and see the result in the long terme. By the way this is many clone of Bitcoin including some without any limit.
You can do it but that would cost you a lot of money as the amount of data stored is limited to 80 bytes per transaction and the transaction fee is proportially of the size of the transaction.
1 gig of data would be 12.5 millions transactions.
If you spend 0.00001 BTC in fee per transaction that would cost you 125 BTC or 28 426$:)
The concept of mining was to bootstrap the currency. How do you start it? who have how many? The big bank all start with 1 billion? They transfert a real billion to who to get the virtual currency? If they transfer the real money in a "pot", that would be a system the ACH in USA. Someone do control the pot. This has nothing to do with a decentralised blockchain.
The concept of mining CANNOT be removed that easy.
You can delete all the spend output and keep only the unspend one. This is well documented.
If I give 1$ to Bob, and Bob to Alice. The first transaction can be deleted safely if you know the transaction from Bob to Alice was ok.
Let me guess: they want to copy Bitcoin but not everyone can participate (only approved banks). They want to copy bitcoin but not everyone can mine (only major banks). They want to copy bitcoin but not everyone can see all transactions (filter to your own transactions only?). Yeap, it will end up with a close system in a centralized database just like they have right now.
Bitcoin is about losing control to anyone and open access.
- If not everyone can participate they will remove the consensus code and add some sort of centralized authentication.
- If not everyone can mine it they will again have some sort of centralized authentication.
- If they remove the mining entirely, the currency creation will be either pre-mined with some banks at start or distributed based on a some specific rule that will favor the big starting banks. Having no mining will also remove all incentive to validate the transaction, make the whole thing weak and prone to double spend attack.
- If they don't want everyone to see all the transactions, it will be close network with restricted access. A single bank could leaked out the entire blockchain, I'm not sure they really want to go in that direction!
McAfee is not what is was 20 years ago. It's like blaming the guy who created Skype in 10 years from now after microsoft break good stuff and add crappy stuff every years...
I think the quality is already crap. The most people we have, the better chance there is good programmer will flourish and produce something good. Bad stuff disappear by attrition while good product are shared.
If a left turn have 10 times more chances to hit someone, turning 3 times on the right would still be a lots safer. My best guess is that a turn left is more like 100 times more dangerous.
As a customer it may be good but as a sender it's terrible. I'm sending thousand of email per day, never got a single issue except Microsoft domain that relies on the crappy Symantec spam detector. Once in a while our IP get listed there (probably because a spammer is in the same block as me).
When you contact M$, they are clueless, after day they said it's Symantec. Symantec is clueless about why we get there. They can't point out a single spam email. They remove our ip. Then we get listed again a couple week later. Rince and repeat.
Of course the foundation can mine more bitcoin, just like you do or anyone can. But it's pretty dam hard in terms of computing power needed. Nobody control Bitcoin and this foundation is nothing more than people with the name, they have no control over the money supply nor the rules that drive bitcoin.
The computer are just fine, format and reinstall. The data (files, database, pdf, doc) are locked and encrypted. That's what worth something to pay for... or not.
Slashdot Mirror
Can the "other people" just can vaccinated? The same thing could be said about computer virus... Is my grand ma criminal for having her computer infected and possibly infecting other? Everyone should take their own action. As you pointed it out well, the nature will "naturally" eliminate bad behavior and normally improved over time. Start forcing everyone to take a vaccine is a wide open door to forcing everyone to take "X". And some cases "X" could be bad, unproved or not good for everyone.
Exact, they like it, they agree it's good, but they want their own so they can control it. But only problem: it's great because nobody control it. My guess is a millions will go down the drain before they switch to a 621+ peta hash/sec secure blockchain known as Bitcoin.
Bitcoin will come to the rescue of this money printing machine!
Most fiat currency live about 100 years. Giving the fact that Bitcoin is a totally new concept (no central authority) I guess 20-30 years would be enough to prove that it' a viable currency in the long term.
I guess you were not there when it got way more drastic drop in price. In 2011 we got a 90% drop in price... http://arstechnica.com/tech-po... That said, the experimental currency still worth more than 200 times the USD; itself a pretty string currency compared to the hundreds other currency on the planet.
Bitcoin evolve and update it's codebase to adapt those kind of scenarios. Remember it's an experimental currency, so far so good!
I get the same behavior
use machine floating point
Yes, I means why not?
for people doing nothing of import
I use it every day to cumulate sales, hours, "normal" calculation such as adding number, date, multiplication and division between rows. Do I qualify as non-import task?
Ok I'm a bitcoin fan-boy, I will say that bitcoin is an experimental currency. All other have infinite supply, and this one doesn't. Let the game play and see the result in the long terme. By the way this is many clone of Bitcoin including some without any limit.
You can do it but that would cost you a lot of money as the amount of data stored is limited to 80 bytes per transaction and the transaction fee is proportially of the size of the transaction. :)
1 gig of data would be 12.5 millions transactions.
If you spend 0.00001 BTC in fee per transaction that would cost you 125 BTC or 28 426$
exact, the same way if you received a 20$ bill that was used in a drug transaction before. It's called fungibility and it's very important.
The concept of mining was to bootstrap the currency. How do you start it? who have how many? The big bank all start with 1 billion? They transfert a real billion to who to get the virtual currency? If they transfer the real money in a "pot", that would be a system the ACH in USA. Someone do control the pot. This has nothing to do with a decentralised blockchain.
The concept of mining CANNOT be removed that easy.
You can delete all the spend output and keep only the unspend one. This is well documented. If I give 1$ to Bob, and Bob to Alice. The first transaction can be deleted safely if you know the transaction from Bob to Alice was ok.
Bitcoin is about losing control to anyone and open access.
McAfee is not what is was 20 years ago. It's like blaming the guy who created Skype in 10 years from now after microsoft break good stuff and add crappy stuff every years...
He is far from alone to have done that, think about all those poor people that don't have access to the internet.
Same reaction, the word Month should be removed from the tile. Mt. Gox has nothing to do with a "Month".
I think the quality is already crap. The most people we have, the better chance there is good programmer will flourish and produce something good. Bad stuff disappear by attrition while good product are shared.
If a left turn have 10 times more chances to hit someone, turning 3 times on the right would still be a lots safer. My best guess is that a turn left is more like 100 times more dangerous.
As a customer it may be good but as a sender it's terrible. I'm sending thousand of email per day, never got a single issue except Microsoft domain that relies on the crappy Symantec spam detector. Once in a while our IP get listed there (probably because a spammer is in the same block as me). When you contact M$, they are clueless, after day they said it's Symantec. Symantec is clueless about why we get there. They can't point out a single spam email. They remove our ip. Then we get listed again a couple week later. Rince and repeat.
Where is Windows fault in that? The version of Adobe PDF Viewer for Windows that has a bug...
I see new versions, libraries and more commitment to .NET everywhere... I didn't get the memo they were dropping it.
Of course the foundation can mine more bitcoin, just like you do or anyone can. But it's pretty dam hard in terms of computing power needed. Nobody control Bitcoin and this foundation is nothing more than people with the name, they have no control over the money supply nor the rules that drive bitcoin.
The computer are just fine, format and reinstall. The data (files, database, pdf, doc) are locked and encrypted. That's what worth something to pay for... or not.