snitko

70 ms·

721.
by snitko 14y ago
Your logic is slightly wrong. When a project is opensourced and popular, odds are you actually have more engineers looking at it and fixing things, than when you have isolated teams working on software for each individual bank. And that's n
722.
by snitko 14y ago
Technical problems resulting in people losing money happen all the time outside of the Bitcoin economy. In fact, the way these recent events were handled by Bitcoin developers and the community are way more encouraging than, say, actions ta
723.
by snitko 14y ago
That's actually not true. One of the reasons price is high is because people right now are hoarding.
724.
Writing books using bookchef.xml, your text-editor and git(github.com)
3 points by snitko 14y ago|0 comments
725.
by snitko 14y ago
Oh no, somebody call the bitcoin police, quick.
726.
by snitko 14y ago
Then government, given its track record of being responsible, being effective and not abusing power should be the last organization for you to turn to for enforcing responsible gun ownership.
727.
by snitko 14y ago
Same logic can be applied to your argument. Why should I take your chances and rely on the police instead of myself to be able to protect me? Convince me (rather than order me) I would be better off without it - and I could voluntarily chan
728.
by snitko 14y ago
You feeling unsafe has nothing to do with rights. Lots of people feel unsafe around clowns. Let's just ban clowns.
729.
by snitko 14y ago
I think this is the part a lot of people fail to understand. The mere existence of police that is supposed to protect people doesn't mean everyone in the society agrees to transfer all of those functions to it. Assuming that is pure ignoran
730.
by snitko 14y ago
Well that's good for people with debts. It's bad for people without debts and those who loaned them money. Debtors are basically paying off their debts more easily at the expense of all the others (even those who are not involved in the dea
731.
by snitko 14y ago
But you're not explaining your claim. How can possibly printing money can make society as a whole richer? It can make certain individuals better off, for sure (the ones who receive the newly created money first while the prices are low). Bu
732.
by snitko 14y ago
Hm, it's interesting, would you care to elaborate: what do you mean by "too useful"? Too useful for whom?
733.
by snitko 14y ago
I always remember what Milton Friedman used to say, he was amazed be people who see failure of regulation and propose a fix by seeking to introduce even more regulation. "well this time it will surely work!" "if only we had the right kind o
734.
by snitko 14y ago
The incentives are in the wrong place. It's not that entrepreneurs don't want to work on important things, but rather that important things are regulated by the government. Good luck waiting 2+ years and spending millions waiting for your b
735.
by snitko 14y ago
The notion that in an anarchy you would have no police, courts, currency, and all other important things is a product of a lack of imagination. Simply because there is no government, doesn't mean there is no market for the things a governme
736.
by snitko 14y ago
Democracy is only good when the majority supports what you think is right. The moment the majority chooses something you dislike, you're done. And it also doesn't cost anything to the majority, because they only have to waste a little time
737.
by snitko 14y ago
My point is not that all regulation is bad. People decide if a regulation is bad or good. One may think a guns regulation is a good thing, the other may decide that a drugs regulation is a good thing. You can't reach objectivity in most cas
738.
by snitko 14y ago
Except that regulating things is not the same as holding a monopoly on regulations. If government is so completely confident that its currency is much more superior and stable, well, allow the competition! Make it legal to receive whatever
739.
by snitko 14y ago
Well, not for me. I only want to be able to receive payments as a merchant. At the moment I don't care about exchanging bitcoins and bank accounts. BitPay, on the other hand, wants all the information before I can start receiving paymen
740.
by snitko 14y ago
I was really surprised they were asking for my and my company's personal information during the registration process. Bitcoin is supposed to anonymous. So I went with Coinbase instead, they don't do that.
741.
by snitko 14y ago
Question: why is there such a weird screenshot of the code in a text-editor I can't identify? What does it mean?
742.
by snitko 14y ago
That's my bad, I'm sorry. I should have said it is "backed" by the ideology. My initial comment was not exactly clear.
743.
by snitko 14y ago
That's why I said it "backed" the ideology. And that's why I also said Bitcoin users don't have to share or even know it in order for it to work. I agree with you completely that it's just a protocol, but if you look at it in the context of
744.
by snitko 14y ago
Reason I became so passionate about Bitcoin is because it backs the ideology, which is anarcho-capitalism. Not all bitcoin users realize this (and they don't have to in order for Bitcoin to work), but many do. And the beauty of this situati
745.
Daniel Ellsberg on the Limits of Knowledge (2010)(motherjones.com)
4 points by snitko 14y ago|1 comments
746.
by snitko 14y ago
Question: why would a private person (as opposed to a business) need a Gigabit internet access?
747.
by snitko 14y ago
I've been on a visit to the US recently and while I do know quite a lot about it, some things I didn't know and it was an interesting puzzle to try to come up with reasons why certain things are done this way and not the other. So, a couple
748.
by snitko 14y ago
It doesn't fail. You're assuming that one such agency would exist. In reality, violence is prohibitively expensive. No agency would stay in business for too long if it constantly engages into conflicts on behalf of its customers. Prices for
749.
by snitko 14y ago
Your example is the one that was cracked by David D. Friedman, I recommend you watch the part of his talk discussing the exact same case you mentioned: http://www.youtube.com/watch?v=yXWFWIM8OCI#t=620s
750.
by snitko 14y ago
Your argument comes down to "but who's gonna build roads?" which is somewhat of a statist meme among libertarians. In short, it's this: roads are built by private contractors hired by the government, those contractors are paid by taxpayers

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