Eric Schmidt talked about Bitcoin on MWC Keynote

[memvola]

Yes , segmentation of the Inet is bad for such open search engine.
But this can be addressed :
 1) Say we have several isolated segments of the Inet-3
 2) run 1 customized instance of the search  engine per segment
 3) let them cooperate with each other through special designed bridges
 to share results of their searching.
 4) Profit !!

I think effective segregation requires that there will be preventive measures against this too (it would be prohibited for at least one of the points). On the bright side, it would effectively make decentralized (and even dark) search engines much more appealing.

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[herzmeister]

What if someone will invent cheap distributed search engine ?
Google will be toasted !!

YaCy.net 
Seeks Project

google is not toasted yet tho 

[cypherdoc]

I think Bitcoin is Google Bucks.  And Larry and/or Sergey is Satoshi.

This is interesting.  Do you have any more evidence?

[memvola]

google is not toasted yet tho 

I don't think Seeks is a distributed search engine. I'm running YaCy on and off for the last couple of years though. Has a long way to go (Why is almost every good bit of such software written in Java? I hate it!), but it's in the right direction.

[herzmeister]

(Why is almost every good bit of such software written in Java? I hate it!)

it's a good language for prototyping isn't it 

[goxed]

Google thought about issuing its own currency http://www.itworld.com/networking/254124/google-once-considered-issuing-currency

[Andrew Vorobyov]

and even then...

Bingo

[Phinnaeus Gage]

It's up now: http://www.youtube.com/watch?v=4DKLSO8wYzk

Here's were the Bitcoin discussion takes place: http://www.youtube.com/watch?feature=player_detailpage&v=4DKLSO8wYzk#t=2048s

[Stephen Gornick]

It's up now: http://www.youtube.com/watch?v=4DKLSO8wYzk

Here's were the Bitcoin discussion takes place: http://www.youtube.com/watch?feature=player_detailpage&v=4DKLSO8wYzk#t=2048s

Thanks for that.  The Bitcoin question starts at 0:34:10.  Bitcoin got 90 seconds of prime time.
 - http://www.youtube.com/watch?v=4DKLSO8wYzk#t=2050s

[cbeast]

He sounded genuinely pro-Bitcoin, even a little defensive towards it, though he quickly disavowed it's legality. It's funny that he works with technology that is changing not only civilization, but our own physiological evolution, yet refuses to openly acknowledge the potential of Bitcoin. I think he's a closet Bitcoiner that is in it just enough to not be caught at it.

[Wandering Albatross]

Yay for Eric Schmidt and the "free" market!

Funny how so many hold google in high esteem. Remember Alta Vista? Who killed Alta Vista?

State sponsored capitalism = facism

google makes money how? They give most all services away for free? They have vast warehouses of compute power and pay for it how?

Searching isn't enough, but knowing what the urchins are searching for is gold.
Let's see initially for gmail you had to get an invite. So they had a chain of trust/blame.


Yes store all your email on their servers.
Store all your docs there.
Store your calendar there.
Store your address book there.

They track you by pretty much any website you visit. Try dropping google traffic at your firewall and then go browsing.

It's all free! (Well your tax dollars are hard at work)
Don't forget all those millionaires sprung from google.

[rjk]

Yay for Eric Schmidt and the "free" market!

Funny how so many hold google in high esteem. Remember Alta Vista? Who killed Alta Vista?

State sponsored capitalism = facism

google makes money how? They give most all services away for free? They have vast warehouses of compute power and pay for it how?

Searching isn't enough, but knowing what the urchins are searching for is gold.
Let's see initially for gmail you had to get an invite. So they had a chain of trust/blame.


Yes store all your email on their servers.
Store all your docs there.
Store your calendar there.
Store your address book there.

They track you by pretty much any website you visit. Try dropping google traffic at your firewall and then go browsing.

It's all free! (Well your tax dollars are hard at work)
Don't forget all those millionaires sprung from google.

Advertising. En masse. It is 97% of their revenue, and making it targeted is in the interests of the advertisers.

[cypherdoc]

What does Schmidt say at one point, Bitcoin is "nuts"?

[cbeast]

What does Schmidt say at one point, Bitcoin is "nuts"?

It sounds like he is responding to someone off mic.

[D.H.]

It's up now: http://www.youtube.com/watch?v=4DKLSO8wYzk

Here's were the Bitcoin discussion takes place: http://www.youtube.com/watch?feature=player_detailpage&v=4DKLSO8wYzk#t=2048s

Thanks for that.  The Bitcoin question starts at 0:34:10.  Bitcoin got 90 seconds of prime time.
 - http://www.youtube.com/watch?v=4DKLSO8wYzk#t=2050s

So did anyone read up on what this "faircash" is? Since the guy asking likes P2P payments but think that Bitcoin is nuts it would be interesting to know what his system is about. I found the web site but I haven't had time to read through the technical details yet.

[rjk]

What does Schmidt say at one point, Bitcoin is "nuts"?

It sounds like he is responding to someone off mic.

He is parroting what the off-mic person said, it doesn't appear to be his own sentiment.

[cbeast]

What does Schmidt say at one point, Bitcoin is "nuts"?

It sounds like he is responding to someone off mic.

He is parroting what the off-mic person said, it doesn't appear to be his own sentiment.

Thank you, that is what I meant. 
I hope he finds a niche use for Bitcoin in the Google empire.

[rjk]

It's up now: http://www.youtube.com/watch?v=4DKLSO8wYzk

Here's were the Bitcoin discussion takes place: http://www.youtube.com/watch?feature=player_detailpage&v=4DKLSO8wYzk#t=2048s

Thanks for that.  The Bitcoin question starts at 0:34:10.  Bitcoin got 90 seconds of prime time.
 - http://www.youtube.com/watch?v=4DKLSO8wYzk#t=2050s

So did anyone read up on what this "faircash" is? Since the guy asking likes P2P payments but think that Bitcoin is nuts it would be interesting to know what his system is about. I found the web site but I haven't had time to read through the technical details yet.

I had a look at the site. The technology is absurd, requiring the use of a VPN to update a document that says the transfer has taken place. It is also patent pending, which makes me assume that they have invented some algorithm instead of using open source ones like Bitcoin, which are proven to be secure. Besides the fact that Bitcoin requires no trust.

[Wandering Albatross]

yacy.net
www.seeks-project.info

Hadn't heard of these, definitely makes sense to do p2p. It seems p2p is the right model for all things. But anonymity is like randomness is like security.  They are all hard to come by. If your bits are going over someone else's physical network then what stops them from sorting out who's who?

google is not toasted yet tho 

But p2p search is a good start.

[Phinnaeus Gage]

What does Schmidt say at one point, Bitcoin is "nuts"?

When I first heard it, I immediately translated the colloquialism "is nuts" as being a good thing, albeit he may have wanted to say, "Bitcoin is the nuts!"

Nuts:

The highest possible hand in poker. Playing Hold 'em, if you hold As, 3s and the board is Qs, 8s, Kd, 2s, 9c you are said to be holding "the nuts." The terminology is said to refer to the fact that poker is a partial information game, meaning that when you bet, you don't know if you're winning or losing. This being the case, you have to have "nuts" (as in testicles) to have the nerve to bet. The only case when you can bet in poker without "testicles" would be if you had the best possible hand and could not be beaten, hence the term "nuts"