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Author Topic: 2013-02-23 Slashdot: Internet Archive To Pay Salaries Partly In Bitcoin  (Read 1310 times)
n8rwJeTt8TrrLKPa55eU (OP)
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February 23, 2013, 01:08:10 PM
 #1

As usual, plenty of ignorant comments.

http://news.slashdot.org/story/13/02/23/0036234/the-internet-archive-to-pay-salaries-partly-in-bitcoin-requests-donations
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It is a common myth that Bitcoin is ruled by a majority of miners. This is not true. Bitcoin miners "vote" on the ordering of transactions, but that's all they do. They can't vote to change the network rules.
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February 23, 2013, 02:37:41 PM
 #2

As usual, plenty of ignorant comments.

I used to think highly of Slashdot, but they seem to have taken a nose-dive in the last few years.

But I guess if ZeroHedge can be turned around, so can Slashdot.
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February 23, 2013, 02:43:02 PM
 #3

Reading slashdot is like hanging out with a an old friend that a got serious head wound somewhere along the way.
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February 23, 2013, 03:45:54 PM
 #4

Reading slashdot is like hanging out with a an old friend that a got serious head wound somewhere along the way.
QFT
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February 24, 2013, 11:15:41 AM
 #5

Is slashdot supposed to be for tech geeks or am I mistaken?

There may still be hope for the 1st decentralized cryptocurrency which is Bitcoin. How to approach different subjects is key to progress.
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February 24, 2013, 05:13:14 PM
 #6

Is slashdot supposed to be for tech geeks or am I mistaken?

It seems lately its more for tech ignorants and "empty" people who are afraid of progress and automatically dismiss everything that does not fit their point of view.

Or perhaps, is it just envy ? They envy us and they cannot reconcile that WE are the early adopters, not them.

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February 24, 2013, 05:14:31 PM
 #7

Is slashdot supposed to be for tech geeks or am I mistaken?

It seems lately its more for tech ignorants and "empty" people who are afraid of progress and automatically dismiss everything that does not fit their point of view.

Or perhaps, is it just envy ? They envy us and they cannot reconcile that WE are the early adopters, not them.

First they ignore you,
then they laugh at you,
then they fight you,
then you win.

Mahatma Gandhi
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February 25, 2013, 03:46:10 AM
 #8

Is slashdot supposed to be for tech geeks or am I mistaken?

It seems lately its more for tech ignorants and "empty" people who are afraid of progress and automatically dismiss everything that does not fit their point of view.

Or perhaps, is it just envy ? They envy us and they cannot reconcile that WE are the early adopters, not them.

No, they were one of the first wave of immigrants into the bitcoin. Nowsday, they're just old farts who refuse to update beliefs.

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February 25, 2013, 08:54:50 AM
 #9

These are the same people who routinely dismiss

  • Facebook
  • Front end software (HTML5, CSS, JavaScript)
  • Mobile phones and tablets
  • Anything to do with Apple

In a world where all of these things are now the most popular way for people to carry out the respective task.

A vote of disapproval from Slashdot is pretty sure sign that a technology will see mass adoption and success.

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grondilu
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February 25, 2013, 09:14:29 AM
 #10

These are the same people who routinely dismiss

  • Facebook
  • Front end software (HTML5, CSS, JavaScript)
  • Mobile phones and tablets
  • Anything to do with Apple

In a world where all of these things are now the most popular way for people to carry out the respective task.

A vote of disapproval from Slashdot is pretty sure sign that a technology will see mass adoption and success.

It may be a very heuristic rule, but it might very well be true   Cheesy

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February 25, 2013, 09:21:41 AM
 #11

"No wireless. Less space than a nomad. Lame."

Cryptocoin Mining Info | OTC | PGP | Twitter | freenode: dust-otc | BTC: 1F6fV4U2xnpAuKtmQD6BWpK3EuRosKzF8U
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February 25, 2013, 10:59:31 PM
 #12

Slashdot is now full of idiots, more than usual. Sure, they can recompile a kernel and argue the subtleties of bytecode generated by different compilers, but honestly they don't have a single clue when it comes to disruptive tech.

For instance, the whole 'ponzi' thing is ridiculous, but they'll point at the several-thousand percent run that bitcoin has had so far as evidence of shady dealings. Guess what, other things gain a couple thousand percent and they're traded on the world exchanges - reference:

"Ten penny stocks that didn't stay that way"

http://money.msn.com/top-stocks/post.aspx?post=f31d0125-0818-47f7-87d7-cad7848d0a7f

While I think bitcoin has better odds than a penny stock making it to the "big board", look at these gains:

Concur Technologies (CNQR) +21,190%

General Growth Properties (GGP) +3,205%

Medifast (MED) +18,471%

Bitcoin multiplying in value many times over looks completely probable to me. As a quick calc, since we're about 4,000% above where we started, lets see what another 4,000% would be.

30.22 - Used as a starting price.

That would yield a price of $1,240 - a total increase of +8,000% and you still would be in real-world territory. Interesting, eh?


fortitudinem multis - catenum regit omnia
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February 25, 2013, 11:08:31 PM
 #13

Ugh. Microsoft stocks are a ponzi scheme: early adopters benefit  Roll Eyes
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