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151.
by ye 13y ago
@TylerE Yeah, and they would say they same about an aluminium ring when aluminium was rare. That definition is awfully circular and wrong, don't you think? People assign values to things based on their properties. Not because they have
152.
by ye 13y ago
@maxerickson I'm not arguing that gold isn't useful, it absolutely is. Every element in the periodic table has been used for something practical, as far as I'm aware. I'm arguing against the "intrinsic value" b
153.
by ye 13y ago
> because you assume that intrinsic value means an intrinsic price in dollars But that's the exact argument I'm usually facing. They use this "intrinsic value" to justify the price of gold.
154.
by ye 13y ago
Actually it's extremely hard to assess gold's purity. Tungsten is extremely close in the density to gold, and even major banks got fooled into buying tungsten bricks wrapped in gold. http://www.zerohedge.com/news&#
155.
by ye 13y ago
Only 10% of gold is used industrially. Aluminium used to be extremely expensive and was used in jewelry, until we discovered how to mine it more efficiently. That's not an intrinsic value, that's perceived value.
156.
by ye 13y ago
Gold is not rare, it's a huge lie. I just checked, it's mined at 2,500 tons per year. That's just the discovered gold, and only on our planet. There are enormous quantities of gold in the universe. Same goes for many other th
157.
by ye 13y ago
Really? Only 10% of gold is used for industrial purposes. It's really not as useful as copper or aluminium. The rest 90% is purely used for hoarding, as traditionally it was thought of as rare and valuable. Now gold is mined at an indu
158.
by ye 13y ago
I disagree, bitcoin will always be useful as the best mode of transferring money, regardless of its value. And that alone gives it value. There's a reason people pay something like 5-8% to Western Union. It's a valuable service. W
159.
by ye 13y ago
It can be all - a method of transferring money, a method of payment for products and services, and a convenient way to invest while it's going up. There's not that much friction to exchange it for currencies. I just transferred a
160.
by ye 13y ago
Whenever somebody brings up the intrinsic value of bitcoin vs something else, like gold, I ask them - what's the intrinsic value of gold, give me a dollar figure. It's like seeing deer in the headlights, they never thought of that
161.
by ye 13y ago
I never understood why people bother with such tiny amounts of money. 1) It's the amount you can borrow from your family most of the time. Or just make it working in IT and saving like mad. 2) It's barely useful. $150K is not enou
162.
by ye 13y ago
Ah, so you base it on what you were told by a random guy on a train. LOL.
163.
by ye 13y ago
GoPro is an established product, I've never met anybody from their target audience who didn't know what it is. I am a target audience for BRCK, and from looking at their page, it's not clear to me at all what it is.
164.
by ye 13y ago
Seriously, this hipster "design" insanity has to stop. It's hurting your business. A pretty picture of your product is not design, it's a dream of a first year art school student who doesn't understand business, who
165.
by ye 13y ago
Well that was just a simple example with round numbers. In reality you will have thousands and thousands of such transactions all going to seemingly random wallets with random amounts, and then to ten thousand different ones, back and forth
166.
by ye 13y ago
Link to the prototype.
167.
by ye 13y ago
I doubt FAA would ever allow that. It's a cool idea, but imagine a drone hitting a wire and crashing into a car on the opposite lane. It will kill.
168.
by ye 13y ago
You're confusing huge ridiculously expensive military drones, which are essentially small planes, with what Amazon is showing us, which are essentially small helicopters. There's no way in the world these tiny drones can fly 10 mi
169.
by ye 13y ago
That's a huge myth that you can track the money just because the transactions are public. I saw this simple example: Imagine wallets A,B,F,X,Z. A contains your money. B contains somebody else's money. Move the money as follows, 1B
170.
by ye 13y ago
What drone has a 20 mile range with payload, has a camera and a remote control system over wireless networks?
171.
by ye 13y ago
The quality of graphs is pretty bad. http://i.imgur.com/sRyxzN5.png Compare it to WolframAlpha http://www.wolframalpha.com/input/?i=d%2Fdx%28sin%28x*x%29+%...
172.
by ye 13y ago
You didn't address the weight and the power requirements for it. The range of the drones is already horrible. The costs of controlling drones over the wireless networks would be pretty high too.
173.
by ye 13y ago
> at which point control is handed to a pilot for the landing & package drop So now you have to put a camera and a remote control system with a range of many miles on the drone. And it can only work if there's a line of sight.
174.
by ye 13y ago
> 20+ minute flights That's 10 minutes each way. Assuming they fly at 30 mph, you get a range of 5 miles. That might work for big cities, assuming they can fly for 5 miles in a straight line, which they can't. > No, GPS i
175.
by ye 13y ago
> I would expect that a Nexus device can do Chromecast from browser screen, if not today then soon. No, that's not what I meant. Pushing any data into HDMI, controlled by the app, not the screencasting. > You mean like, taking
176.
by ye 13y ago
Not really true. You have to deposit your cash and/or your BTC into Bitstamp's accounts. Only then you can trade them. And you only get cash and/or BTC back when you withdraw. In between it's just a bunch of data being p
177.
by ye 13y ago
> What could you conceivably do on the desktop that you can't do on the browser? Off the top of my head, 1) Anything low level hardware (reading data via USB, or pushing data into HDMI, for instance) 2) Interacting with ANY hardwa
178.
by ye 13y ago
Two groups tried to reproduce Piantelli's "discovery" and couldn't. I still blame the conspiracy morons. If you can reproduce it, why not revolutionize energy market and make billions? Let's hear your made up reason
179.
by ye 13y ago
Scientific community would love to test his claims, except he didn't (or couldn't) tell exactly how it works. I understand that if he actually discovered something that HUGE, he wouldn't want to tell anybody, I know I wouldn&
180.
by ye 13y ago
It's mostly used as a "currency" storage, supposedly protected from inflation (which isn't really true, it gets mined at something like 2,500 tons per year).

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