n0m4d
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Activity: 70
Merit: 10
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June 23, 2011, 02:27:19 PM |
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em3rgentOrdr
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June 23, 2011, 02:27:45 PM |
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This is the most annoying criticism of all. The world has changed and is changing. We have reached or are approaching a time when digital things can replace physical things. That's just the way it's going. Stop fighting it.
Remember wikipedia? The world finally accept wikipedia is here to stay after a decade. Now everyone is "meh". Someday, bitcoin is be "meh" too. +1 I don't think that you young people can quite understand just how revolutionary Wikipedia was and still is. I remember growing up in the Dark Ages, prior to the Great Internet Event (tm). My father paid a small fortune for an incomplete encyclopedia, and I read all 23 volumes that we had in a single Summer. Now days, an 11 year old can call 'bs' on an adult full of it in two minutes with a cell phone. My grandfather would just make stuff up to screw with us kids. We never could know if he was feeding us a line or not because his lies were so plausible to an eight year old. I can't do that to a six year old without one running to the computer to check googlw or wikipedia. Meh is the stage at which we have won. Once the masses start using bitcoin *without being aware that they are using bitcoin*, then that will be the Meh stage of social acceptance. |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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LightRider
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Activity: 1500
Merit: 1022
I advocate the Zeitgeist Movement & Venus Project.
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June 23, 2011, 09:40:18 PM |
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http://twit.tv/sn306Security Now covers the week of bitcoin woes. The worst thing he did was tell everyone that wallet encryption is a feature that's already implemented in the client.
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MoonShadow
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Activity: 1708
Merit: 1010
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June 23, 2011, 11:10:15 PM |
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http://twit.tv/sn306Security Now covers the week of bitcoin woes. The worst thing he did was tell everyone that wallet encryption is a feature that's already implemented in the client. Maybe he is on the cutting edge of it, because this is really close to release. |
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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fabianhjr
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Activity: 322
Merit: 250
Do The Evolution
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June 24, 2011, 12:29:36 AM |
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Torminalis
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June 24, 2011, 09:41:40 PM |
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In a UK Newsnight piece on Lulzsec about 1 minute ago, the BBC stated that hackers trade in Bitcoins!
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MoonShadow
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Activity: 1708
Merit: 1010
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June 25, 2011, 02:49:23 AM |
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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em3rgentOrdr
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June 25, 2011, 04:27:31 AM |
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OMG, I don't belive it. That was a suprizingly balanced non-hypey straight-forward, relatively-factual article. It's nice for a change!!  One last caveat: Bitcoins are stored in a "wallet," which is nothing but an encrypted file on your computer. There is no central bank, and losing this file means you've lost all of your Bitcoins. So if you do use Bitcoin for anything serious, be sure to constantly back up this file to protect. Encryption might not go amiss either, as the Allinvain heist suggests. Digital wallets are vulnerable to hacks, and Symantec recently reported a Bitcoin-stealing Trojan.
Wow.... surprisingly wise and simple advise. I think people actually will be smarter off after reading this article.  |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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allinvain
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Activity: 3080
Merit: 1083
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June 25, 2011, 09:36:59 PM |
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"nothing but an encrypted file on your computer" No way, really??!  ....</sarcasm> The best advice that they can give is this. If you want to use bitcoins you gotta become a unix geek. Sorry grandma but bitcoin is just not ready for you yet. |
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em3rgentOrdr
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June 25, 2011, 10:09:03 PM |
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"nothing but an encrypted file on your computer" No way, really??! ....</sarcasm> Oppps!!! I missed that! Wow...they screwed up there. Yet another journalist who doesn't bother to fact check. The best advice that they can give is this. If you want to use bitcoins you gotta become a unix geek. Sorry grandma but bitcoin is just not ready for you yet.
Encrypted wallets need to be by default in future client downloads. |
"We will not find a solution to political problems in cryptography, but we can win a major battle in the arms race and gain a new territory of freedom for several years.
Governments are good at cutting off the heads of a centrally controlled networks, but pure P2P networks are holding their own."
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cbeast
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Activity: 1736
Merit: 1014
Let's talk governance, lipstick, and pigs.
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June 26, 2011, 03:51:23 AM |
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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MoonShadow
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Activity: 1708
Merit: 1010
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June 27, 2011, 12:38:14 AM |
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"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."
- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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SpaceLord
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Activity: 70
Merit: 10
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June 27, 2011, 02:37:26 AM |
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proudhon
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Merit: 1311
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June 27, 2011, 12:39:28 PM |
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Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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SpaceLord
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June 28, 2011, 01:58:37 AM |
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proudhon
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Merit: 1311
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June 28, 2011, 03:04:55 AM |
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tl;dr = bitcoin will fail. |
Bitcoin Fact: the price of bitcoin will not be greater than $70k for more than 25 consecutive days at any point in the rest of recorded human history.
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