4 ms·

Bitcoin ftw. Sure, not everybody can contribute in bitcoin. But on balance, bitcoin beats paypal by a factor of infinity. Why infinity? Well, with bitcoin you c

by pyalot2 13y ago

Bitcoin ftw. Sure, not everybody can contribute in bitcoin. But on balance, bitcoin beats paypal by a factor of infinity. Why infinity? Well, with bitcoin you could at least have some contributions, i.e. > 0. With paypal you get 0 contributions. (N>1)/0 = infinity.

tzs 13y ago
> Sure, not everybody can contribute in bitcoin. Why would anyone WANT to contribute in Bitcoin? From a contributor point of view, Bitcoin leaves them massively vulnerable to fraud--it is almost as bad as mailing an envelope full of cash.
- cliffu 13y ago
  They are crowdfunding a speculative application. That's already mailing envelopes of cash. Although the users read that they are funding development and not buying software, Paypal grabbed it all and said they're worried about fraud. Bitcoin lets the user assert that they trust the recipient. Or they could trust a third party escrow recipient. There's no payment processor to restrict who a crowdfunder wishes to trust.
  - the_mitsuhiko 13y ago
    People that crowdfund often do not trust the project. PayPal probably flagged them because of cancellations.
Rovanion 13y ago
Anything divided by 0 is undefined.
- pyalot2 13y ago
  > 1.0/0.0 -> Infinity (at least in javascript) The IEEE floating point standard (for any precision) defines anything divided by zero to be the infinity value (all bits except the sign set to 1). You where saying?
  - deletes 13y ago
    Please don't be so vain. Division by zero is undefined, that is (supposed) to be taught in high school. The fact is that computers have to display some value when x/0, and that value is defined by IEEE standard in the context programing languages for consistency. Pretty good wiki on the topic: http://en.wikipedia.org/wiki/Division_by_zero http://en.wikipedia.org/wiki/Division_by_zero

4 ms·

Bitcoin ftw. Sure, not everybody can contribute in bitcoin. But on balance, bitcoin beats paypal by a factor of infinity. Why infinity? Well, with bitcoin you c

by pyalot2 13y ago

tzs 13y ago
> Sure, not everybody can contribute in bitcoin. Why would anyone WANT to contribute in Bitcoin? From a contributor point of view, Bitcoin leaves them massively vulnerable to fraud--it is almost as bad as mailing an envelope full of cash.
- cliffu 13y ago
  They are crowdfunding a speculative application. That's already mailing envelopes of cash. Although the users read that they are funding development and not buying software, Paypal grabbed it all and said they're worried about fraud. Bitcoin lets the user assert that they trust the recipient. Or they could trust a third party escrow recipient. There's no payment processor to restrict who a crowdfunder wishes to trust.
  - the_mitsuhiko 13y ago
    People that crowdfund often do not trust the project. PayPal probably flagged them because of cancellations.
Rovanion 13y ago
Anything divided by 0 is undefined.
- pyalot2 13y ago
  > 1.0/0.0 -> Infinity (at least in javascript) The IEEE floating point standard (for any precision) defines anything divided by zero to be the infinity value (all bits except the sign set to 1). You where saying?
  - deletes 13y ago
    Please don't be so vain. Division by zero is undefined, that is (supposed) to be taught in high school. The fact is that computers have to display some value when x/0, and that value is defined by IEEE standard in the context programing languages for consistency. Pretty good wiki on the topic: http://en.wikipedia.org/wiki/Division_by_zero http://en.wikipedia.org/wiki/Division_by_zero