1163
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Other / Off-topic / Re: git question about weird trees when pulling
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on: April 01, 2011, 10:13:01 AM
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I still don't think I understand what you mean. Why do you use graph mode if you don't want the graph? At least I have to add the --graph parameter to get the graph. Perhaps git log --pretty=oneline does what you want?
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1164
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Economy / Economics / Re: Bitcoin Failure is likely
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on: April 01, 2011, 07:30:35 AM
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What's your opinion?
That too many bitcoin supporters wear tin foil hats and understand a lot less about economics than they think they do.
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1166
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Other / Off-topic / Re: git question about weird trees when pulling
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on: March 31, 2011, 06:54:02 PM
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It all makes sense if you understand that origin/master (on gitorious) is the "real" master, and master on your local and remote machine are two different (local) branches that is just connected to the remote origin/master branch. The branch names on those machines could be anything, "master" is just a default. When you commit to your local machine it all goes into the same branch, so there's no need to show it as a tree. Then you merge them into origin/master with push. When you pull on the remote you merge the changes from origin/master into the local branch called master on that machine, so it makes sense to print it as a tree.
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1167
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Other / Off-topic / Re: Nihilist philosophies seem idiotic to the general public...
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on: March 31, 2011, 06:14:58 PM
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I just tried arguing with people that driving higher than the speed limit or eliminating the speed limit altogether would lead to safer travel. If you were to drive faster -- not recklessly -- in your daily commutes you would statistically be subject to less accidents. 1) you would be forced to be aware of your surroundings and 2) people would be more aware of your movement. I have read quite a lot of research papers about road accidents, but I haven't seen any research that supports or dismisses your claim. What I notice however is that the speed I need to "stay awake" is increasing as I get more used to driving at a certain speed. In the beginning even driving below the limit would feel very fast, but now I can be 20% above and still be bored. No matter how alert the speed makes me, higher speed leaves less time to react, so at some point it would be better to be bored. Anyway, the number of deaths is usually what is targeted, not the number of accidents. Above about 55-70 MPH (depending on the kind of accident) the chance of dying in an accident starts increasing significantly, so naturally it is more effective to lower the speed.
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1171
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Economy / Economics / Re: A few theories for value deflation
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on: March 30, 2011, 01:41:39 PM
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The value of Bitcoins is determined by how successfully those who own them use them to create capital. If people hoard them, the value will go down.
If that were true, gold would have next to no value.
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1173
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Bitcoin / Bitcoin Discussion / Re: Can you retort / refute this attack on BitCoin?
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on: March 28, 2011, 12:26:58 PM
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@Grinder one of the larger botnets is also probably worth 3-4 million just of itself, which means it's still not worth it.
The only price I have seen is $36 000 for a 100 000 node botnet. If done carefully most of the owners wouldn't notice that the client is running, so it can still be sold or used for something else when your done.
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1175
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Economy / Trading Discussion / Re: Difficulty Forecast
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on: March 25, 2011, 04:19:36 PM
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What Difficulty increase? It went from 76193 down to 68979 in response to a drop in trading price. Trading has been essentially flat, and Difficulty has a very strong tendency to follow price by several weeks (two re-targeting periods). Even if the price went up today, from the evidence we have thus far, I would not expect Difficulty to increase in response to it for another four weeks.
The decrease in hashing power came before the price fall, and it came because the "mystery miner" who pushed the difficulty to 76k disappeared. The hashing power is now not quite as high as when I wrote the first message, but it's higher than it was, which means that next time the difficulty will increase. All you have to do is look at the numbers at http://bitcoincharts.com. A price increase for BTC will make more people buy cards to mine, but when they've bought them they will continue mining unless the price decreases very significantly. In addition there's the natural increase from people upgrading their cards for gaming, but also using them for mining.
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1176
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Economy / Economics / Re: Self-regulating spirals
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on: March 25, 2011, 11:17:20 AM
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I don't know about the others, but in Hong Kong they all issue Hong Kong dollars, which is pegged to USD. They are not allowed to issue HKD if they don't have the equivalent amount in USD in deposit. Also all the notes are printed by the same government owned company. That doesn't leave much to compete about.
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1179
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Economy / Economics / Re: Self-regulating spirals
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on: March 25, 2011, 09:28:24 AM
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In theory there can be many currencies, but in practice it will most likely be a case of winner takes it all, because using several different currencies requires a lot of overhead. People will end up using the one everybody else uses as long as there aren't any really siginficant advantages from changing.
This is also why bitcoins are almost only used by libertarians so far. For everybody else who don't care about the politics it's just more risk and more work than using normal credit cards or Paypal.
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1180
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Bitcoin / Mining / Re: Difficulty change data
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on: March 25, 2011, 08:31:56 AM
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It was really bad timing with that Slashdot article for those who have been mining all the time. We had been mining at a high difficulty for more than two weeks, and when we're finally at the end there's a flood of new miners. This means the decreased difficulty will be probably be used up in less than 10 days, and then it will go even higher than it was.
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