California Gov. Brown signs bills legalizing Bitcoins use

[mike25]

Good News, long live the "BitKoin":
http://www.latimes.com/local/political/la-pc-brown-legis-20140628-story.html

[Cicero2.0]

Good news. Hopefully they don't follow it up with a bunch of regulations now.

[ChuckStrawberry]

It amuses me how progressives are endorsing bitcoin because they want to be hip with whatever cool new technology people are talking about. Like it's the new iPhone or something.

[Cicero2.0]

It amuses me how progressives are endorsing bitcoin because they want to be hip with whatever cool new technology people are talking about. Like it's the new iPhone or something.

Krushchev's old "useful idiots" thing comes to mind. It is a bit like Ashton Kutchner, he is a vapid moron but his endorsement carries a lot of weight in the general population so he in his own way is good for bit coin.

[ChuckStrawberry]

Their worldview is largely dependent on the ability of governments to print money and take on massive debt. It's a means of redistribution without taxation.

[ChuckStrawberry]

They also desire tight control over financial instruments and interest rates. If Bitcoin were to become ubiquitous, that all becomes very difficult to do. The only progressive that seems to get this is Krugman, who has been sounding the alarm bells for awhile.

[littlewizard]

Good news, good news for BTC is coming every day

[Cicero2.0]

They also desire tight control over financial instruments and interest rates. If Bitcoin were to become ubiquitous, that all becomes very difficult to do. The only progressive that seems to get this is Krugman, who has been sounding the alarm bells for awhile.

They certainly have been slow to react. Too slow for their own good. The genie is out of the bottle.

[mike25]

They also desire tight control over financial instruments and interest rates. If Bitcoin were to become ubiquitous, that all becomes very difficult to do. The only progressive that seems to get this is Krugman, who has been sounding the alarm bells for awhile.

They certainly have been slow to react. Too slow for their own good. The genie is out of the bottle.

Absolutely

[ALToids]

Sadly CA is likely the last state you would want to mine BTC in.  500 miles to the north WA has 0.02 electricity.  I'm paying $0.35 for my tier 4 (330KW per month) rate.

[mike25]

Sadly CA is likely the last state you would want to mine BTC in.  500 miles to the north WA has 0.02 electricity.  I'm paying $0.35 for my tier 4 (330KW per month) rate.

That's quite some difference. Is electricity subsidized in WA?
You could shift your stuff to some colocation datacenters in WA if made ROI.

[Bitcoinpro]

Sadly CA is likely the last state you would want to mine BTC in.  500 miles to the north WA has 0.02 electricity.  I'm paying $0.35 for my tier 4 (330KW per month) rate.

That's quite some difference. Is electricity subsidized in WA?
You could shift your stuff to some colocation datacenters in WA if made ROI.

you could generate synthetic natural gas and truck it south  including the regeneration loss and still come out well in front

how could those prices differences be possible