We are the Borg.
DrMatt
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Cool Hand wrote:
DrMatt wrote:

Code: Select all


[ ] Shave               [ ] Haircut


You left off "surgery."

CH
How many bits for that?
Grayman wrote:If masturbation led to homosexuality you'd think by now I'd at least have better fashion sense.

hammegk
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Cool Hand wrote:
DrMatt wrote:

Code: Select all


[ ] Shave               [ ] Haircut


You left off "surgery."

CH
Two bits.

WildCat
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Leaders of the open-source virtual currency project known as Bitcoin say they have no way to verify one user's claim that hundreds of thousands of dollars worth of digital coins were plucked from his computer earlier this week.

Says the blog: ""Although I was cash poor I had more than enough bitcoin to cover all the costs of my trip and stay, I was going to be meeting with bitoption later that morning in Seattle, he had $1500 of cash to exchange." The agents were apparently unconvinced though and Nefario was put on a plane back to China, where he was questioned for another three hours about why he had been sent back. http://www.finextra.com/news/fullstory. ... emid=22812 DrMatt BANNED Posts: 29811 Joined: Fri Jul 16, 2004 4:00 pm Location: Location: Location! ### Re: BitCoin: Should I Sign Up? But... Bitcoins are backed by "virtually mined" partial solutions to a puzzle! They must be very valuable! Grayman wrote:If masturbation led to homosexuality you'd think by now I'd at least have better fashion sense. Rob Lister Posts: 21548 Joined: Sun Jul 18, 2004 7:15 pm Title: Incipient toppler Location: Swimming in Lake Ed ### Re: BitCoin: Should I Sign Up? DrMatt wrote:But... Bitcoins are backed by "virtually mined" partial solutions to a puzzle! They must be very valuable! I don't know if they must be very valuable or for what reason, but they are currently valued by users at around$14 per.

DrMatt
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Proof-of-work puzzle solutions can be used for dental fillings, as electrical conductors, as thermal conductors, as anti-corrosion coating, and as reflectors of light and infrared. They're very valuable.
Grayman wrote:If masturbation led to homosexuality you'd think by now I'd at least have better fashion sense.

Rob Lister
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DrMatt wrote:Paper money can be used for dental fillings, as electrical conductors, as thermal conductors, as anti-corrosion coating, and as reflectors of light and infrared. They're very valuable.
fify

EvilYeti
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DrMatt wrote:But... Bitcoins are backed by "virtually mined" partial solutions to a puzzle! They must be very valuable!
http://en.wikipedia.org/wiki/Scarcity_value

They are also backed by Libertarian nerds with big egos. Do not underestimate that.

En folkefiende
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EvilYeti wrote:
DrMatt wrote:But... Bitcoins are backed by "virtually mined" partial solutions to a puzzle! They must be very valuable!
http://en.wikipedia.org/wiki/Scarcity_value

They are also backed by Libertarian nerds with big egos. Do not underestimate that.
Heh. I wonder how the tragedy of the commons will bite them.
Formerly jj, the enemy of the people, aka the bullies who rant and lie here.

Abdul Alhazred
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At least the folks left holding Confederate money had interesting souvenirs.
The arc of the moral universe bends towards chaos.
People who believe God or History are on their side provide the chaos.

EvilYeti
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jj wrote: Heh. I wonder how the tragedy of the commons will bite them.
Uh, remember computer science is magic. You can design decentralized systems without a "commons" and currency that literally cannot be counterfeited.

Free markets and open source have already produced best-of-class software. No reason they can't produce a superior fiat currency, either.

The only reason US paper currency has any value at all is the government will stick your ass in jail if you counterfeit it.

Mentat
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EvilYeti wrote:
jj wrote: Heh. I wonder how the tragedy of the commons will bite them.
Uh, remember computer science is magic. You can design decentralized systems without a "commons" and currency that literally cannot be counterfeited.

Free markets and open source have already produced best-of-class software.
Except for a good cross platform gui environment. X windows could have grown up, graduated college, study all the modern systems, and written a new open source windowing system that isn't pushing three decades of being outdated if it were sentient. >_>
It's "pea-can", man.

Lapis Sells . . . But Who's Buying?

EvilYeti
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Mentat wrote:
Except for a good cross platform gui environment. X windows could have grown up, graduated college, study all the modern systems, and written a new open source windowing system that isn't pushing three decades of being outdated if it were sentient. >_>

It's called HTML5. Get with the program, bub.

Mentat
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EvilYeti wrote:
Mentat wrote:
Except for a good cross platform gui environment. X windows could have grown up, graduated college, study all the modern systems, and written a new open source windowing system that isn't pushing three decades of being outdated if it were sentient. >_>

It's called HTML5. Get with the program, bub.
HTML 5 is like the String theory: it sounds great 'n all, but why are their umpteen conflicting versions that have different assumptions over the number of spatial dimensions of the universe?
It's "pea-can", man.

Lapis Sells . . . But Who's Buying?

EvilYeti
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Mentat wrote: HTML 5 is like the String theory: it sounds great 'n all, but why are their umpteen conflicting versions that have different assumptions over the number of spatial dimensions of the universe?
Whichever one firefox uses wins.

Rob Lister
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When I started this thread in May, 2011 it was 30usd/btc/

EvilYeti
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