epscylonb

21 ms·

151.
by epscylonb 15y ago
The safe option is to use an established government backed currency, I want bitcoin to succeed, but I can't honestly tell people about it without describing it as an incredibly risky investment (right now). Bitcoin has unique properties in
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by epscylonb 15y ago
Adam smith said that something is worth whatever a person at a particular time is willing to pay for it, there is no consistent, inherrent value in any given trade. SMS is popular because it is ubiquitous, the mobile phone networks have pri
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by epscylonb 15y ago
It is stuff like this that makes bitcoin look like it has potential. I agree financial regulation is mostly a good thing, but I am also happy with the concept of a financial wild west in the form of a crypto currency. As long as people kno
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by epscylonb 15y ago
I would be much more impressed if people who raised this point also suggested a fairer way of distributing the coins. It is difficult to tell if they think the fundamental concept of bitcoin is bad or if they just have sour grapes because t
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by epscylonb 15y ago
Good developers write DRY code, and SQL everywhere leads to, eventually, some library that looks remarkably like... an ORM... I agree with this. I think you can look at this two ways, over time you incur technical debt for a variety of reas
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by epscylonb 15y ago
This surprised me as well, I was told that in Postgres at least, there is no difference in query speed between selecting a subset of a record and the entire thing.
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by epscylonb 15y ago
so you are predicting the price against the dollar will fall? it has risen and fallen many times already a huge crash is inevitable and unavoidable because the market is thinly traded and very psychological at the moment but when all is sai
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by epscylonb 15y ago
i can't tell if you are being serious or not...
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by epscylonb 15y ago
and economists are always right?, how come so few saw the 2008 crash coming? bitcoin is born out of a distrust with the current global economic status quo
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by epscylonb 15y ago
not sure what your point is, my point is that in a bitcoin economy you would have choice for a large purchase either the merchant or the customer may insist on an expensive escrow service that deals with disputes robustly for small purchase
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by epscylonb 15y ago
seems to work for paypal in a large mainstream bitcoin economy there would be multiple escrow services, both the consumer and merchant can decide what services they will use clearcoin has the option of donating the money to charity if there
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by epscylonb 16y ago
A large scale bitcoin economy would not look too different to the average user than the current economy does. An average joe would not run bitcoin themselves, they would use a bitcoin bank, check out mybitcoin for an early example of such a
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by epscylonb 16y ago
wouldn't content producers rather use kickstarter?
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by epscylonb 16y ago
needs more bitcoins
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by epscylonb 16y ago
Invisible hand of the free market my friend. If a bank lets a thief get away with an unencrypted harddrive full of bitcoins who is going to ever use them again?. Bitcoin is a strange concept, I am not convinced it will take off but the pote
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by epscylonb 16y ago
i don't understand how you could decentralize DNS any further, somebody has to administer it I do think this proposal could lead to dark net, where people have to remember ip addresses to get illegitimate content