nucatus

9 ms·

1. 61.▲
   Decoding Russian Meteor-M2 satellite images in real time(phasenoise.livejournal.com)

   3 points by nucatus 8y ago|0 comments
2. 62.▲
   Four Lessons for Silicon Valley from Its First Startup(technologyreview.com)

   1 points by nucatus 8y ago|0 comments
3. 63.▲
   The science behind the placebo effect (old paper)(ncbi.nlm.nih.gov)

   2 points by nucatus 8y ago|0 comments
4. 64.▲
   by nucatus 9y ago

   I said it before and say it again. These things you call cryptocurrencies can be anything you want but currencies. Who ever claims the contrary has no clue about how a currency works. If you claim this is a highly speculative asset, then ye
5. 65.▲
   by nucatus 9y ago

   I guess it is fair to assume that the bitcoin has become a extra-money sponge that absorbs the extra money floating in the market right now. When there will be less and less "free or cheap money floating" people want to get their
6. 66.▲
   by nucatus 9y ago

   Again, this can only work if a quite strong parallel economy develops, where everything is in BTC. Well, for that to exist, it needs to get to a comparable level of a real state economy, and this is pretty damn hard. That, in order for you
7. 67.▲
   by nucatus 9y ago

   In terms of currency, the bitcoin has the same attributes (all you have listed) like any other asset. The Apple stock, for instance, classifies for a currency in the same way the BTC does.
8. 68.▲
   by nucatus 9y ago

   There is a term here that is misused. The world «currency» has nothing to do with this, otherwise very nice and genuine technical artifact. The people who coined the term definitely have no clue about economy and how currencies work. If tho
9. 69.▲
   by nucatus 9y ago

   All these merchants are using a spot rate of the BTC to dollars or other traditional, universally accepted currencies. They are not using the BTC to price their goods and services, but they use the BTC as an extra form of payment. At the en
10. 70.▲
    by nucatus 9y ago

    Yes, they sell you in bitcoins at a spot value to dollar, or so. Technically, you are using the dollars to pay using the BTC as an intermediate "currency". On top of that, you are paying some extra money to cover the exchange rate
11. 71.▲
    by nucatus 9y ago

    As long there is no consistent and measurable value to back the cryptocurrency, the word "currency" in that construction is senseless. Who is buying goods or services using bitcoins? Anyone? That is just because nobody wants to se
12. 72.▲
    by nucatus 9y ago

    This is the original article: http://uk.businessinsider.com/engineer-claude-shannon-proble...