http://m.youtube.com/watch?v=cOubCHLXT6A&desktop_uri=%2Fwatch%3Fv%3DcOubCHLXT6A

Watch this carefully.

How do you get money into their service?

Thanks. It's too bad that coinbase's price is about $13 higher than campbx :\

I had been using campbx with dwolla to fund it.

Now that Dwolla is no longer an option, what do we do in USA to buy btc cheaply and easily?

My point is there is no guarantee that computing power will grow exponentially per unit of cost beyond 2020 to 2030

Thanks for the link.  That's close to what I used in the past, and I may use that technique for other things.  However, I'm not sure if it works for full-disk/OS encryption.  Can you use it with your home directory and/or OS such that the key needs to be present right after POST in order to boot?  I remember having to either type a password, or insert the USB key to boot my computer.  In this case, I'd want only the USB key.

keep in mind that is the result of 0% trade commissions

Seems the bubble is inflating again. But the bids are so thin...

ftfy.

those lines for the start of the threads really don't do them justice.  don't forget they represent a ratio so the plunge in BTC from July 2011 to Nov 2011 cause the peak in btwn the start of the 2 threads even though gold had started its decline.  it's just that BTC crashed faster than gold.

Put a mark on the chart from when you started this thread and chuckle about how long you had to suck it up and take abuse from the likes of me.

When a Basket is redeemed, this often means that bitcoin will be delivered in redemption, however the trust reserves the right to pay out in fiat Dollars instead of bitcoin in the value of the bitcoin at the time of the redemption request.

The site is pretty slow today.

On the other hand, would that be less secure than pay-to-key-hash, as in P2SH one only needs a collision of HASH160 to steal the coin, while in pay-to-key-hash one needs to break both HASH160 and ECDSA?

These are only dreams - in reality, only small percent of the population can be creative (generate ideas, program, compose music, show achievements in sport etc). For the other part a "kick in the ass" need that they be able to work (by a boss/manager or some state authority like it was in the USSR), otherwise they will either idle (in counties that will implement unconditional income), work on state-owned enterprises few hours a day (in the countries that will switch to state-controlled planned economy) or generate riots and violence, transforming prosperous countries into Somalia (if the elite will ignore tech unemployment problem).

The New Dumbness

Ordinary people send their children to school to get smart, but what modern schooling teaches is dumbness. It’s a religious idea gone out of control. You don’t have to accept that, though, to realize this kind of economy would be jeopardized by too many smart people who understand too much. I won’t ask you to take that on faith. Be patient. I’ll let a famous American publisher explain to you the secret of our global financial success in just a little while. Be patient.

Old-fashioned dumbness used to be simple ignorance; now it is transformed from ignorance into permanent mathematical categories of relative stupidity like "gifted and talented," "mainstream," "special ed." Categories in which learning is rationed for the good of a system of order. Dumb people are no longer merely ignorant. Now they are indoctrinated, their minds conditioned with substantial doses of commercially prepared disinformation dispensed for tranquilizing purposes.

Jacques Ellul, whose book Propaganda is a reflection on the phenomenon, warned us that prosperous children are more susceptible than others to the effects of schooling because they are promised more lifelong comfort and security for yielding wholly:


The new dumbness is particularly deadly to middle- and upper-middle-class kids already made shallow by multiple pressures to conform imposed by the outside world on their usually lightly rooted parents. When they come of age, they are certain they must know something because their degrees and licenses say they do. They remain so convinced until an unexpectedly brutal divorce, a corporate downsizing in midlife, or panic attacks of meaninglessness upset the precarious balance of their incomplete humanity, their stillborn adult lives. Alan Bullock, the English historian, said Evil was a state of incompetence. If true, our school adventure has filled the twentieth century with evil.

Ellul puts it this way:


Once the best children are broken to such a system, they disintegrate morally, becoming dependent on group approval. A National Merit Scholar in my own family once wrote that her dream was to be "a small part in a great machine." It broke my heart. What kids dumbed down by schooling can’t do is to think for themselves or ever be at rest for very long without feeling crazy; stupefied boys and girls reveal dependence in many ways easily exploitable by their knowledgeable elders.

According to all official analysis, dumbness isn’t taught (as I claim), but is innate in a great percentage of what has come to be called "the workforce." Workforce itself is a term that should tell you much about the mind that governs modern society. According to official reports, only a small fraction of the population is capable of what you and I call mental life: creative thought, analytical thought, judgmental thought, a trio occupying the three highest positions on Bloom’s Taxonomy of Educational Objectives. Just how small a fraction would shock you. According to experts, the bulk of the mob is hopelessly dumb, even dangerously so. Perhaps you’re a willing accomplice to this social coup which revived the English class system. Certainly you are if your own child has been rewarded with a "gifted and talented" label by your local school. This is what Dewey means by "proper" social order.

If you believe nothing can be done for the dumb except kindness, because it’s biology (the bell-curve model); if you believe capitalist oppressors have ruined the dumb because they are bad people (the neo-Marxist model); if you believe dumbness reflects depraved moral fiber (the Calvinist model); or that it’s nature’s way of disqualifying boobies from the reproduction sweepstakes (the Darwinian model); or nature’s way of providing someone to clean your toilet (the pragmatic elitist model); or that it’s evidence of bad karma (the Buddhist model); if you believe any of the various explanations given for the position of the dumb in the social order we have, then you will be forced to concur that a vast bureaucracy is indeed necessary to address the dumb. Otherwise they would murder us in our beds.

The shocking possibility that dumb people don’t exist in sufficient numbers to warrant the careers devoted to tending to them will seem incredible to you. Yet that is my proposition: Mass dumbness first had to be imagined; it isn’t real.

Once the dumb are wished into existence, they serve valuable functions: as a danger to themselves and others they have to be watched, classified, disciplined, trained, medicated, sterilized, ghettoized, cajoled, coerced, jailed. To idealists they represent a challenge, reprobates to be made socially useful. Either way you want it, hundreds of millions of perpetual children require paid attention from millions of adult custodians. An ignorant horde to be schooled one way or another.