jadeddrag

11 ms·

61.
by jadeddrag 13y ago
Why not? Isn't this exactly how they sell premium channels, like HBO?
62.
by jadeddrag 13y ago
For many of us, the Microsoft hate has been displaced with complete indifference. I don't think there are more than two people in our 250+ mobile engineering company who even think about microsoft. Even the gamers are moving onto bet
63.
by jadeddrag 13y ago
As I understand it, this was a problem that was identified over 2 years ago, and fixed for over a year. The problem is that MtGox implemented their own wallet software, and neglected to include bug fixes from the reference client.
64.
by jadeddrag 13y ago
I think you're assuming his appeals to morality is the same as asking for government intervention. In fact, I read this just the opposite, and I would bet this is exactly NOT what he is asking for.
65.
by jadeddrag 13y ago
Block distractions: sudo bash -c 'echo "127.0.0.1 news.ycombinator.com" >> /etc/hosts'
66.
by jadeddrag 13y ago
Which is more likely, that economists don't understand cryptography, or cryptologists don't understand economics?
67.
by jadeddrag 13y ago
China banking is now clearly anti-bitcoin, and new policy tries to kill bitcoin trading: http://tech.sina.com.cn/it/2013-12-17/01139011174.shtml#4832...
68.
by jadeddrag 13y ago
The Casascius coin is just fine to communicate the idea. Either that or just the bitcoin logo.
69.
by jadeddrag 13y ago
Wow, this reminds me of the other time I cringed watching news media understand "the internets" and struggling with the concept of email. http://www.youtube.com/watch?v=JUs7iG1mNjI
70.
by jadeddrag 13y ago
Cayman Island company is no more harmful than in the hands of a (likely CIA/NSA infested) USA company.
71.
by jadeddrag 13y ago
Exactly my point. This $15M figure is completely wrong.
72.
by jadeddrag 13y ago
If this $15M figure were true (and it probably isn't), at today's going rate of about $1K USD/BTC, miners as a whole are losing $11.4 Million in electrical costs. (assuming 25 BTC are paid out every 10 minutes, and ignoring
73.
by jadeddrag 13y ago
Betteridge's Law seems to apply here. http://en.wikipedia.org/wiki/Betteridge's_law_of_headlines
74.
by jadeddrag 13y ago
Yes, you are wrong. 3D printed anything is still pretty amazing, and now we have people who are trying to disrupt the adult toy industry. A worthy hack IMO.
75.
by jadeddrag 13y ago
I think that's one correct way to think about it.
76.
by jadeddrag 13y ago
This is such old news by now. Given the extreme price fluctuations, it is more useful if we can stop quoting "worth $X USD", and instead just stick with the actual number of bitcoin.
77.
by jadeddrag 13y ago
The author is forgetting that the process of mining is not just to receive the block reward, but to support the entire bitcoin network. If there were no miners, no new transactions would get verified and bitcoin would not be secure. So it
78.
by jadeddrag 13y ago
The idea is that miners continue to mine to collect the miner fees. https://en.bitcoin.it/wiki/FAQ
79.
by jadeddrag 13y ago
Besides the freedom and privacy, there are a few more advantages. Bitcoin transactions are very cheap, and can be free. (however most clients usually require a minimum miner's fee of about 5 microbitcoins, which will probably go down
80.
by jadeddrag 13y ago
I believe that's called "dollar cost averaging". http://en.wikipedia.org/wiki/Dollar_cost_averaging
81.
by jadeddrag 13y ago
If you are in a bigger city, I recommend in-person localbitcoins.com exchanges using cash. It's quicker, and much more anonymous.
82.
Stefan Molyneux debates Peter Schiff on Bitcoin vs Gold(youtube.com)
2 points by jadeddrag 13y ago|0 comments
83.
by jadeddrag 13y ago
Don't forget that the USD/BTC price could also skyrocket to partially compensate for the difficulty increase.
84.
by jadeddrag 13y ago
You're mostly correct, except the difficulty number is not exactly the same as the number of leading zeros.
85.
by jadeddrag 13y ago
Since the difficulty is the proportion to the amount of time over or under two weeks the previous 2016 blocks took to find, it's a deterministic calculation that other nodes use to accept and validate each new block. And since it&#x27
86.
by jadeddrag 13y ago
"What is the formula for difficulty? difficulty = maximum_target / current_target (target is a 256 bit number)" source: https://en.bitcoin.it/wiki/Difficulty
87.
Interview of Subway owner about accepting Bitcoin(video.cnbc.com)
1 points by jadeddrag 13y ago|0 comments
88.
Wearable Tech - Its not a device its a system(gigaom.com)
1 points by jadeddrag 13y ago|0 comments
89.
by jadeddrag 13y ago
Do you mean like the dozens of "altcoins"? (Here is an incomplete list: http://altcoins.com )
90.
by jadeddrag 13y ago
And now edging up to the $400 wall, in only a few hours.

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