Aqueous

86 ms·

751.
by Aqueous 13y ago
Unfortunately the answer for this is for every country in the world to go through the phases of economic development until they have a vibrant middle class. The only humane cure for overpopulation is economic wealth. Middle class people hav
752.
by Aqueous 13y ago
I mean, right now when the American exchanges are always trailing Mt. Gox, there is a pretty consistent arbitrage opportunity. But assuming Gox gets its act together (a big assumption) arbitrage opportunities could become fewer in the futur
753.
by Aqueous 13y ago
It goes in both directions. If you are running low on USD at BitStamp, you just deposit money there (assuming deposits take an acceptable amount of time) and withdraw the same amount from Mt. Gox (which might take a while). You still made m
754.
by Aqueous 13y ago
All you have to do is keep some money in USD and BitCoin in reserve on all the exchanges. That way you can buy some BitCoin on one exchange and then sell the same amount on the other at the same time, and then transfer over at your convenie
755.
by Aqueous 13y ago
I'm more worried what the effect of the Chinese government potentially outlawing BitCoin would have. Both China and the US government have given BitCoin a tacit (and not-so-tacit) endorsement, China with a pro-BitCoin documentary on st
756.
by Aqueous 13y ago
It's coming from China. BTC China has a much lower hurdle and the volume is going up daily in the most populous country in the world. It is a huge potential market for virtual currencies.
757.
by Aqueous 13y ago
That would probably be the case if any of us were stupid enough to put our retirement savings or anything that we critically need into BitCoin. The smart money is on putting an early investment in, waiting till it doubles or triples then p
758.
by Aqueous 13y ago
Whenever I fix a bug I wait for confirmation that the bug has actually been fixed before I submit the patch. Sometimes, especially when fixing race conditions that occur unpredictably, it takes a while to confirm that the bug has been fixed
759.
by Aqueous 13y ago
That's what I initially thought, but then I missed the part where they've confirmed that this fixes the bug. Has this been tested?
760.
by Aqueous 13y ago
Has it been verified that the bug is fixed as in no further database corruption? I'm confused what you mean by this "sample" you got from Gavin.
761.
by Aqueous 13y ago
I don't put all of my money into BitCoin right now for the same reason I don't put it into any other promising investment. The simple answer is that I don't know everything and something could come out of left field tomorrow
762.
by Aqueous 13y ago
They are applying old-world money ideas to something that is so new that we don't have useful models yet for deciding how it will behave, thinking that they do apply without loss of content. The rules of supply and demand apply, sure,
763.
by Aqueous 13y ago
Heroku lets you use ClearDB which is a MySQL clone - 100% compatible with MySQL. As far as the underlying OS goes, it is Linux - but that shouldn't matter to you since your interaction with the servers your application is running on wi
764.
by Aqueous 13y ago
If you use a service like BitPay, which most BitCoin merchants too, you declare your price in dollars and the API uses the current exchange rate to convert it to BitCoin, minute-by-minute. The prices float up and down with the currency, so
765.
by Aqueous 13y ago
GoDaddy? No, no, no. Push it up to a managed PaaS like Heroku. Unless you outsource the scaling and administration tasks, you'll find yourself wasting a lot of time on them,, which as a startup founder you can't afford (you want
766.
Report linking Bitcoin and Silk Road retracted(money.cnn.com)
87 points by Aqueous 13y ago|20 comments
767.
by Aqueous 13y ago
It is still around $950.00 on CoinBase. Mt. Gox is usually ahead of CoinBase and BitStamp.
768.
by Aqueous 13y ago
I think we should look closer at the cryptography mailing list for evidence of Satoshi's identity. It seems likely that at some point Satoshi posted under his real name about something unrelated to BitCoin, before he decided to switch
769.
by Aqueous 13y ago
And as Adi Shamir could have found out with a little more Googling, the address belonged to Trammell, not Satoshi. It takes a bad Googler to know a bad Googler. I guess we're all just bad Googlers. We should really brush up on our Goog
770.
by Aqueous 13y ago
If he is not motivated by anything like ego or credit then - as Charleton Heston would have said in a lame 50s Bible movie - 'He really is the son of God.'
771.
by Aqueous 13y ago
That's exactly what Satoshi would say.
772.
by Aqueous 13y ago
There's a reason why a currency that is rapidly appreciating in value encourages hoarding. It's not a fallacy - if you have reason to believe your currency will be worth more tomorrow, you shouldn't spend it unless you absolu
773.
by Aqueous 13y ago
This has all the symptoms of a race condition.
774.
by Aqueous 13y ago
i think the main difference between now and 1999 is that software really is eating the world. 1999 jumped the gun a little bit. but to me there is no upper limit on just how much work software will be able to do for us going forward, now th
775.
by Aqueous 13y ago
I think maybe I just had a nerd aneurysm.
776.
by Aqueous 13y ago
Fair enough.
777.
by Aqueous 13y ago
It is possible that aspects of the SN persona were highly constructed but what is a simpler explanation - that everything about SN was fake or just his identity? It would have taken an enormous cognitive effort to be able to consistently de
778.
by Aqueous 13y ago
oh....just RSA
779.
by Aqueous 13y ago
I doubt that the link here amounts to DPR knowing SN personally, or even worse, DPR being SN. Obviously I don't know DPR or SN, but I really doubt that DPR is SN or even communicated with him. The reasons are entirely circumstantial bu
780.
by Aqueous 13y ago
It's not going to be useful as a currency for a while. Nor would it be if its market cap was only $10 billion. For it to be a currency it has to stabilize sufficiently. In that case the boom-bust cycles will have to stop, which means s

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