Well done man, you nailed it. I'm sick and tired of sophistry and I'm very happy someone is willing to step up, take the time and do the work of calling it out for what it is - garbage. |
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Weird because it works fine for me. Have you tried clearing your browser's cache?
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What is this about, can you please clarify? |
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wow, that was a while ago. I was surprised at the time that nobody commented on it. I thought it was a fairly big deal for bitcoin being included in this Udacity crypto class.
I was actually shocked today when I first saw it and I couldn't believe I missed it the first time it was posted especially since I think it's a very important because it shows how Bitcoin actually is peer reviewed and what reputable people think of it. |
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Bump for all those like me who missed this entirely.
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I just read this is one excellently awesome monster of an article on Bitcoin written by our favorite philosopher/economist/finance/privacy guru Trace, which I really think everyone should read, understand and spread as far and as wide as possible. I really enjoyed the entire thing, my jaw simply dropped when I saw Udacity lessons on Bitcoin which is something I didn't know about and can be discussed and read about here: https://bitcointalk.org/index.php?topic=83011.0Here's a snippet of the article that can be found here: http://www.runtogold.com/2012/11/why-bitcoin-is-tangible-digging-into-the-guts-of-bitcoin/Why Bitcoin Is Tangible – Digging Into The Guts Of Bitcoin
by Trace Mayer, J.D. on November 8, 2012
Reading time: 16 – 26 minutes
Some supposed monetary theorists assert that Bitcoin is not tangible. This is no doubt a problem due to the prison house of language the human mind dwells in when trying to convey ideas. But this conclusion is either the result of either confused definitions or incorrect being based on several faulty premises and flawed logical reasoning. Bitcoins are tangible assets.
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Continue reading at the link above. Trace my friend, you have once again outdone yourself with this one. Please, do not ever stop spreading your message that I so vehemently believe in!  |
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Unfortunate. Kim Dotcom is a megalomaniac, but I thought he might be able to do some good things with me.ga.
Yeah, for himself. And the people lining up to purchase his services would have no benefit, huh?  Profits are bad, mmmkay? Profits are good, but saying that "he might be able to do some good things with me.ga" is naive. Hes doing it for money, not to do good things. He's not Mother Theresa. I rather think he is doing it for both, otherwise why would people pay him money when they're not forced to? |
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Unfortunate. Kim Dotcom is a megalomaniac, but I thought he might be able to do some good things with me.ga.
Yeah, for himself. And the people lining up to purchase his services would have no benefit, huh? |
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Interesting. I can't decide if this is good or bad for Bitcoin because on one hand he is definitely getting introduced to the power of Bitcoin but on the other hand this power is used to oppress him, something I am strictly opposed and I also think he can't like it all too much, which might make him hate Bitcoin. Heh.. hackers, as per usual, pissing against the wind I guess. |
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Yeah, that's good stuff! This part jumped out at me. In response to the claim that Bitcoin is "unregulated": Virtual currencies are tightly regulated, by the market, and the software that orders those markets. This is the only regulation that matters. A more accurate description would be extralegal, since there is no law governing Bitcoin or systems like it. Bitcoin is usable not by a ‘specific virtual community’ but by everyone everywhere. That's a great point. Bitcoin IS regulated. It's just that Bitcoin's regulation is accomplished by open-source code and the consensus of those who use it. In contrast, fiat regulation is accomplished by men with guns and the private machinations of a financial elite. Consensus and transparency versus violence and secrecy. Seems like a pretty clear choice, no? That's actually a really good point. It could be even argued Bitcoin is more strictly regulated than any other financial system since the rules that govern it are enforced through an algorithm and laws of math. |
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Actually -- maybe the why would be a worthy article in and of itself. I could reach out to the community and to those involved deeply with the project for their take on why they are involved with Bitcoin, why it's important and why it needs to exist. Thoughts?
Good idea. You can find my reasons in this video: http://www.youtube.com/watch?v=ClLbv1yisG4&feature=plcp |
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My goal (and I hope I achieved it) was to be technically accurate but explain Bitcoin to people who have heard the term but have no idea what it is or how it works.
I'd like to suggest that in the future when you face a similar goal you start with the why first and then go on to what and how following the advice presented in this video?: http://www.youtube.com/watch?v=qp0HIF3SfI4I think it's a much more powerful introduction if your audience can first emotionally connect to what you are introducing. |
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What a boring article. I just didn't read it because it was so introductory.
Same. |
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Even with those theoretical attacks, real safety of such wallet is much higher than any existing solution.
No such thing as perfect security anyway. All there is are tradeoffs, you gain a bit of security but you lose convenience, you lose a bit of security but you gain a bit of convenience, finding the right balance for the right kind of circumstance is what is important. I think this project is badly needed and I wish you success! |
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Are the folks at Coinabul Keynesians or something? Who cares if 25% or 1% of the coins are being spent? The velocity of those coins is what really matters when it comes to measuring the size of the Bitcoin economy. And the Bitcoins are certainly not evenly distributed across those million clients. I'll help "circulate" some of those "stale coins" by sending them from one personal address to another, lol!
I'm sure it's just the reporter putting words in their mouth. In fact if you just read the website: November 9th 2010
Bitcoin project registered at SourceForge.net
Bitcoin has come a long way in two years. Bitcoin Friday is an event to celebrate the Bitcoin economy and the consumers that hold it up. This November 9th, 2012 the Bitcoin stores on this site will hold massive sales on merchandise avaliable for purchase with Bitcoin.
This is a Pre-Black Friday of sorts. A one day sale event at all Bitcoin merchants along with a unified attempt at advertising Bitcoin businesses. This means we need your help in two ways: please buy something with your bitcoins and please tell the world that Bitcoin businesses exist!
The media and the public does not take Bitcoin seriously because they think you can't buy anything with it... Prove them wrong this November 9th.
Bitcoin Friday - Friday, November 9th 2012 - Sales at all your favorite Bitcoin merchants. Show your support! No talk about spurring the circulation of bitcoins there. |
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Adam if I didn't know any better I'd say there are 2 different persons using your account. Geez did you even remember what you did write last month?
Last month? More like 3 days ago. |
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This has been posted several times already and therefor I'm locking this thread.
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They mention Seals and its affiliate program. I don't know why they say we are shy about answering questions. I wasn't contacted.
I guess it makes for a better story.. |
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I didn't get the impression others felt that was a derogatory term.
Yeah, me neither. |
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Jon Matonis with his opinion on the ECB report: http://www.forbes.com/sites/jonmatonis/2012/11/03/ecb-roots-of-bitcoin-can-be-found-in-the-austrian-school-of-economics/ECB: "Roots Of Bitcoin Can Be Found In The Austrian School Of Economics"
+ Comment now
Demonstrators crowd around the euro logo in fr...The ECB (European Central Bank) has produced the first official central bank study of the decentralized cryptographic money known as bitcoin, Virtual Currency Schemes. Ignoring for a moment the ECB’s condescending and derogatory use of the virtual currency phrase and scheme phrase, the study produced at least one landmark achievement.
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.. I almost fell out my chair laughing when I read this part: Central banks are a form of centralized economic planning so their stated responsibilities are suspect from the outset. Bitcoin represents an intangible math puzzle whose existence is solely restricted to transfer rights on a cloud-based public ledger. It more closely resembles an air guitar than a payment system for purposes of oversight.  |
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