161
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Other / Off-topic / Re: Where are my javaEE programmers?
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on: June 18, 2013, 06:06:06 AM
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I've only used tomcat and jetty. Not sure what the differences are but for development they work the same. Most Java shops use Tomcat. I dont know of anyone that uses Glassfish.
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162
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Other / Off-topic / Re: Where are my javaEE programmers?
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on: June 18, 2013, 12:29:53 AM
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For local server I use tomcat, mysql or postgresql.
I use Google App Engine sometimes for personal projects because its free under a certain quota. The database is not SQL and hard to use, but it is free.
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163
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Economy / Speculation / Re: I have seen the light
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on: June 11, 2013, 09:36:08 PM
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:-)
I have also seen the light when I bought gold. Gold is terrible compared to bitcoin. The gold I bought cost money to ship. It cost money to handle and package. It cost money to insure. It took time to deliver. Now, the gold is sitting in a safe just sitting pretty. If I wanted to sell it I would lose money selling it. I would have to package it, insure it, and ship it. The buyer would probably take a cut of the profits. If I took it to a gold shop it would continue to lose value.
That was when I saw the light. Bitcoin is awesome because gold has a lot of drawbacks.
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168
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Bitcoin / Press / Re: 2013-05-11 Wall St. Cheat Sheet: Should Google Launch Its Own Currency?
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on: May 13, 2013, 05:30:58 AM
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If any company would create cryptocurrency it would be the same as paypal. I see no point in this. The phenomena of bitcoin is its open source and no government or other control.
and google understands the concept of open source. I see that Google has two options should they decide to create their own crypto currency. Option one is to create a Bitcoin clone. Option two is to create a Ripple like clone. I am guessing they will go for option 2 and create a Ripple clone because they want to be in control of it. If I was Google I would give everyone with a verified gmail account some gipples. This is why ripple will fail because tech companies will create centrally controlled currencies. Decentralized currencies like bitcoin will be here for the long haul.
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169
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Alternate cryptocurrencies / Altcoin Discussion / Re: I BUY ALL YOUR RIPPLE (XRP)
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on: May 07, 2013, 08:57:04 PM
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I'm sorry, but this guy is nuts. Everyone sell your ripple to him for BTC now!
Bitcoin has a float of 11 million mathematically guaranteed. Ripple has a float of 100 billion or maybe even infinity (based on trust of OpenCoin).
100,000,000,000 XRP * 102 USD / 11,000,000 BTC = 927,272
From my calculations a dollar is about: $1 = 900,000 XRP
So an XRP should be worth $0.000001 or less
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172
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Economy / Service Discussion / Re: CoinLab should move on and create a new US Market
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on: May 04, 2013, 12:36:11 PM
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The contract doesn't seem very fair which could be argued in court. Mt Gox is giving Coinlab everything and Coinlab is not really offering anything in return. Its like a rich man writing a contract with a homeless man and the homeless man is complaining he didn't get his free money. The homeless man (Coinlab) should be on their knees begging for a piece of the pie. Instead they are being stupid and suing. This is like the homeless man calling the police and saying the rich man didnt give him a million dollars.
Yeah, that's not accurate. This is a mutually benificial contract that might on it's face seem like a one-sided deal (not that that matters, both parties signed it and there is no sign it was under durress) Mt.Gox gets a broker representative who will do a better job at servicing North American customers than they did, while still being able to have their volume in the Gox system. Gox was supposed to provide services exclusively to Coinlab, and Coinlab was prohibited from becoming or opening a competing exchange. Gox would have this because given the financing, mission, and connections - If anybody was going to be a major player in US/bitcoin exchange, it would be Coinlab. Problem is, Gox didn't deliver - so Coinlab on the one hand was ready to go, but did not have the infrastructure because Gox did not provide it per their agreement. Your example does not work because these are both multi-million dollar corporations, you can't throw out a contract just because you as the observer think one of the signors made a bad decision. Read this legal term called 'consideration' and it may change your mind. The example given in link below is pretty interesting. Do you pay someone who paints your house at the start or end of the paint job? When does the contract turn from a unilateral to a bilateral agreement? I'm pretty sure it will brought up by Mt Gox if it ever goes to court. The court could decide anything so you could be right too since the contract had some penalties included. Here it is: http://legal-dictionary.thefreedictionary.com/consideration
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173
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Economy / Service Discussion / Re: CoinLab should move on and create a new US Market
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on: May 04, 2013, 07:21:39 AM
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The contract doesn't seem very fair which could be argued in court. Mt Gox is giving Coinlab everything and Coinlab is not really offering anything in return. Its like a rich man writing a contract with a homeless man and the homeless man is complaining he didn't get his free money. The homeless man (Coinlab) should be on their knees begging for a piece of the pie. Instead they are being stupid and suing. This is like the homeless man calling the police and saying the rich man didnt give him a million dollars.
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174
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Other / Off-topic / Rpietila deleted my posts in his self moderated topic.
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on: May 02, 2013, 03:24:34 PM
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Just wanted to let everyone know and remember that rpietila deleted my post where I was confused on his prophecy of bitcoin never going to 115 again. Bitcoin is now at 100 so he is wrong.
If you have a deleted post put it there. He is now claiming bitcoin will never go under 100.
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176
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Bitcoin / Development & Technical Discussion / Re: Any protection against such an attack?..
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on: April 26, 2013, 07:37:34 PM
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Getting Senators and Representatives to accept bitcoin is another strong reason to prevent such an attack.
We already have some congressmen accepting bitcoin, and we should get more to accept it. It will be unlikely to be illegal if the congressmen themselves won't create laws against themselves.
Edit: Oops, you said technical solutions...nevermind.
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178
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Economy / Speculation / The Pro Manipulators Are Here
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on: April 25, 2013, 05:41:33 PM
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Pro manipulators start by building a reputation in the forums by posting their analysis of the current bitcoin market. Once they develop trust they will use their acquired trust to their own advantage. They may even have multiple accounts.
I have witnessed this in action while trading stocks on Wallstreet and on Yahoo! forums. When Yahoo Finance was first introduced in the 1990s, it was a crazy wild west. Everyone including day traders, mutual fund managers, bankers, etc. would go to these forums and spew ridiculous claims. It came to a point where people sued other forum board members, and some were even prosecuted. Imagine if that would ever happen today! Laws were created that disallowed mutual fund managers to post in the forums, including Yahoo Finance and SiliconInvestor.
However, even though these laws were created I have seen manipulation that is illegal, but due to anonymity they cannot be caught and prosecuted (this was about 10 years ago). For example, I remember navigating the Yahoo Finance forums and one user was making a lot of good calls between different stock boards. This user then made a call to buy stock in xxx because of insider information. A lot of people started buying the stock and then a few days later the company was worth nothing. This still happens all the time with penny stocks and it used to be "more illegal", but nowadays it's a free for all due to "freedom of speech".
I'm pretty sure you guys all know this and I am preaching to the choir. :}
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179
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Bitcoin / Press / Re: 2013-03-21 24hrGold.com - The Bitcoin Money Myth
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on: April 24, 2013, 07:25:05 PM
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Looks like a reposting of Frank Shostak's Mises Institute article. The really funny part though is in Mr. Shostak's bio. Some sneaky ghost sure has a sense of humor "Frank Shostak is the chief economist of M.F. Global." Ha. What bothered me when reading this article is that he does not attempt to explain or refute any of the counter-arguments of bitcoin proponents. What really bothered me also was he spelled Satoshi Nakamoto's name wrong. Obviously, the author did not do his research well. I guess it is an old article.
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