The Tory party have deleted the backlog of speeches from the main website and the Internet Archive — which aims to make a permanent record of websites and their content — between 2000 and May 2010"
How'd they do that? Do they make a copyright claim on the record of speeches they made in public?
If they kept it in wallets controlled by the Silk Road site, they have only themselves to blame. Preventing that kind of thing is what bitcoin is designed for.
I could see a slight game-theoretical issue. If I believe that the currency will deflate in the long term (to an extent that beats interest rates in official currencies), then I have a strong incentive to hang onto what I have rather than spending or investing it. If everybody did that, we'd already deflate the currency in the present, which would be self-reinforcing.
Maybe the only thing counteracting this right now is the fear that the currency might collapse entirely before it reaches this point. We can see that the Bitcoin price tends to rise at an ever-increasing rate, before suddenly collapsing back as people dump it. That's happened twice before as far as I'm aware (once at a low level in 2011; once from over $250 this year), and it's currently close to breaking the previous record high.
Unlike shares (which are tied to the value of a company) or fiat currencies (tied to the economy of a country), Bitcoin is tied entirely to the expectations of the people who own or buy it. I don't expect the value to ever stabilize - it'll either rise when people think it won't collapse in the near future, or drop when people think it will.
Well, the loss of a wallet's private key removes its contents from circulation forever. Since the number of bitcoins is limited, any level of attrition will lead to long-term deflation.
Decimal values of seconds and absolute time both sound intriguing, but they're useless without some kind of daily periodicity. Going to work at 1000 UTC is one thing, but at least you'll be going to work at the same time tomorrow. Trying to work out the time of day by counting off increments of 86.4ks is going to get old fast if you're not a computer.
The great part about getting information from a social network is that you can precisely fine-tune what information you allow to seep into your personal bubble.
if you want to poison people so badly, why not make your own poison instead of buying medicine from people who don't want you to use their medicine as a poison.
Creates a semi-sentient (tiny bit alive) virus that takes over the global information infrastructure to display zeros on every kind of display and system in existence... written on a smartphone. In less than a minute.
Slashdot Mirror
How'd they do that? Do they make a copyright claim on the record of speeches they made in public?
Not that it is relevant to anyone who could possibly buy this.
Have Rioters Nerve Stapled (Atrocity)?
Ouch, that's going to hurt the bottom-line.
Unlike now.
You're not helping.
At least this headline is current.
Hello, my name is Mr. Nedwons and I come from... someplace far away. Definitely nowhere near Moscow.
dammit, too late
If they kept it in wallets controlled by the Silk Road site, they have only themselves to blame. Preventing that kind of thing is what bitcoin is designed for.
I could see a slight game-theoretical issue. If I believe that the currency will deflate in the long term (to an extent that beats interest rates in official currencies), then I have a strong incentive to hang onto what I have rather than spending or investing it. If everybody did that, we'd already deflate the currency in the present, which would be self-reinforcing.
Maybe the only thing counteracting this right now is the fear that the currency might collapse entirely before it reaches this point. We can see that the Bitcoin price tends to rise at an ever-increasing rate, before suddenly collapsing back as people dump it. That's happened twice before as far as I'm aware (once at a low level in 2011; once from over $250 this year), and it's currently close to breaking the previous record high.
Unlike shares (which are tied to the value of a company) or fiat currencies (tied to the economy of a country), Bitcoin is tied entirely to the expectations of the people who own or buy it. I don't expect the value to ever stabilize - it'll either rise when people think it won't collapse in the near future, or drop when people think it will.
For now.
Well, the loss of a wallet's private key removes its contents from circulation forever. Since the number of bitcoins is limited, any level of attrition will lead to long-term deflation.
Derivatives are fine, though.
Decimal values of seconds and absolute time both sound intriguing, but they're useless without some kind of daily periodicity. Going to work at 1000 UTC is one thing, but at least you'll be going to work at the same time tomorrow. Trying to work out the time of day by counting off increments of 86.4ks is going to get old fast if you're not a computer.
Man, 1988 had no idea.
I see a new idea for the Underhanded C Contest.
(Also, you just know those prisons won't have proper physical separation between security infrastructure and logistics.)
Unlike solving integrals, analyzing Shakespeare's sonnets and knowing the difference between ionic and covalent bonds.
(my point)
The great part about getting information from a social network is that you can precisely fine-tune what information you allow to seep into your personal bubble.
Man, I sure wish the constitutions of western nations had clauses like that...
wait...
Where did Google mention IPs?
if you want to poison people so badly, why not make your own poison instead of buying medicine from people who don't want you to use their medicine as a poison.
Creates a semi-sentient (tiny bit alive) virus that takes over the global information infrastructure to display zeros on every kind of display and system in existence... written on a smartphone. In less than a minute.
People are willing to endure a risk orders of magnitudes higher of crashing by human error than by machine error.
Much as they're okay with the risk of dying from flu every year by not vaccinating, but not the comparatively negligible risk of a terrorist attack.