aneth4

10 ms·

91.
by aneth4 13y ago
What we need is mandatory health insurance. It works with auto insurance, it will work with health insurance. If Obamacare was as simple as that - that every resident must have a minimum level of health insurance, and banning pre-existing c
92.
by aneth4 13y ago
This doesn't make sense. Innovation CAN drive prices down lowering costs. Lower prices lead to increased sales and market share. When prices reach near zero there is certainly a disincentive to innovate, and that is not a "problem". The fac
93.
by aneth4 13y ago
It's a good point. Censorship is also a cloak for protectionism. Facebook, Ebay, Google, etc have all been banned or throttled to make way for censorship. It says something that censorship is more tolerated by the world than overt protectio
94.
by aneth4 13y ago
Interesting tidbit of history, but not sure I get your point. This pre-dates international IP conventions and the flourishing of innovation in the modern age, and this was a single technology over which China had a monopoly hundreds of year
95.
by aneth4 13y ago
This has nothing to do with different ideas of IP. China has similar IP laws as the US, and certainly tries to enforce them when the theft is in the other direction.
96.
by aneth4 13y ago
Perhaps. Does that matter? Regardless, there were no international IP laws and treaties at that time.
97.
by aneth4 13y ago
I guess you won't complain when I cut off one of your arms, since some other guy lost all four limbs in a car accident... Unfortunately, even if he accepted bitcoin, probably less than a tenth of a percent of customers would pay with bitcoi
98.
by aneth4 13y ago
Lots of people claiming the US does this as well, which is true to a certain extent. There are major differences though. The Chinese government (sometimes via state-owned enterprises) steals information and technologies - military, industri
99.
by aneth4 13y ago
And I wish I could delete this. I don't really want this negativity to be the top-rated comment.
100.
by aneth4 13y ago
The combination of this being a financial institution, there being more robust competition, and the absence of lock-in might make this an exeption. I hate to be critical like this, but there have been months of user complaints and nothing b
101.
by aneth4 13y ago
Pretty much any exchange... I use Dwolla to MtGox. Not ideal, but beats the hell out of Coinbase.
102.
by aneth4 13y ago
Coinbase has been a serious slug in the bitcoin space. "Most days we’ve been reaching our maximum amount of buys within an hour or two. Some fixes for that are in the works." Yeah, customers have noticed and moved elsewhere. The giddy "oh
103.
by aneth4 13y ago
There is no such thing as a perfect store of value that is nothing else. A store of value must have real value - for use as a material or as a medium of exchange. Otherwise, there is no value to store. By this logic, any cryptographically s
104.
by aneth4 13y ago
Bitcoin may be finite in number, but it's ultimately infinitely divisible, so it does not matter how many bitcoins are "wasted". Regardless, any property worth tracking in such a scheme is likely worth enough to justify a $0.01 investment i
105.
by aneth4 13y ago
I should add, this is, in fact, a socialist distribution of wealth scheme. That money must come from somewhere if it is not to be inflationary, and it comes from taxes on incomes and properties. The benefit to society and the economy should
106.
by aneth4 13y ago
I consider myself pretty economically conservative. After a lot of thought about the future of employment, automation, the effect of wealth distribution, safety nets, and many other factors, I finally concluded that paying all citizens/resi
107.
by aneth4 13y ago
This is a little misleading. Transactions are used primarily to prevent inconsistent data, not global data consistency. The ATM network is distributed and eventually consistent, and financial transactions in general are not real time. Withi
108.
by aneth4 13y ago
Hopefully some day Craig Newmark will be held responsible for being the internet pariahs he is. Craig is a sweet, awkward man with a lot of power which he has allowed to be abused by others, and he is responsible for that. He needs to step
109.
by aneth4 13y ago
This is wrong on all points. A dollar bill is seen by an infitesimally small number of users as opposed to 100% of full bitcoin nodes. Dollar bills are also transient and easy to destroy, whereas the blockchain is permanent and forever. Fin
110.
by aneth4 13y ago
NSNBC is up there with Foks News
111.
by aneth4 13y ago
While there are audiophiles who listen to vinyl because there is in fact perceptable change in quality compared to mp3, most people listen to vinyl because the enjoy it, just like some people enjoy real books over kindle.
112.
by aneth4 13y ago
Steve Jobs was not a perfect man, but this criticism is just asinine. No great leader implements all ideas of their own. Ideas are one small factor in achievement. As you should know from hanging out on hacker news, execution with brillianc
113.
by aneth4 13y ago
Moving 5 figures of needed funds through Dwolla immediately after opening an account. Come on - that's just pricelessly stupid, and I'm not surprised it raised flags. The clown is the person who would do such a thing. And he expects the fun
114.
by aneth4 13y ago
Small and composable things that are popular and well tested is great. That is not what you get from something like the wild-west of node. Perhaps your ideal is Linux, with small composable commands. How many of those commands copy or move
115.
by aneth4 13y ago
Just what I want in a framework. Thousands of libraries with functional overlap, each tested in a small number of real use cases and having a large number of undiscovered bugs, none of which is flexible enough to solve my problem or has a l
116.
by aneth4 13y ago
I have to wonder whether _why is an intentional or unintentional PR prodigy.
117.
by aneth4 14y ago
For one example, BitPay is doing quite well: http://www.dailydot.com/news/bitcoin-legal-sales-higher-ille...
118.
by aneth4 14y ago
That depends on how the transactions are structured. Most merchants new to bitcoin will not hold on to bitcoin, and only use it as a transaction currency. I can certainly tell you from a business perspective, $2B of money supply is A LOT mo
119.
by aneth4 14y ago
The price is relevant to merchants though. It's much more appetizing looking at $2B in bitcoins than $200M. Price increases drive adoption, which drives it's value, which drives price increases. That's what we are seeing now, though not in
120.
by aneth4 14y ago
Of course. Not my point though. midnightsine is pulling his numbers from limit orders posted on MTGox. I'm saying that's not an accurate measure of what it would take to send Bitcoin to 0.

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