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Comment Patriot or Traitor? (Score 1) 389

that was the headline on CNBC i saw yesterday, and it got me ticked off. id just like to point out that as is so often the case, the media is trying to steer the dialogue and mentality with a false-choice. The two words are not appropriate in my mind. He *is* a traitor, but to a lying deceptive system. But he is also a HERO for it. as far as patriot - that depends on what you believe the fundamental nature of our system is at it's core - right or wrong. Frankly, that to me is just semantics and jingoism. im more concerned with whether he acted in the interests of LIBERTY, which in this day and age, seem to have less and less to do with patriotism (and often appear at the other side of the table).

Comment Re:This is why we can't have nice tihngs... (Score 3, Informative) 228

absolutely NOT. wow - and how long have you been employed by the fed I wonder - bringing out the 'magic of 1913'? is that you janet? modern currency as a fiat currency is not 'backed' by anything other than what it says on the bills - legal tender.. that the currency is acceptable as a means of payment in the eyes of the court system and hence, the structural society in which we live (with the implicit backing of the powers that be within that system). the fact that hard assets are used as collateral to make loans in a given currency in NO way means that said currency is then 'backed by those hard assets'. that is simply a line of recourse to a default on the CREDIT extended - nothing to do with the currency used as a medium of exchange. I could just as easily lend someone bitcoins using their car as collateral. jeez. and to say that debt-backed currency is even relatively immune to manipulation is incredible - especially when we are living in an age where it stares people in the face every day under the guise of 'quantitative easing', rate-rigging, and lawsuits involving currency manipulation. i'm not saying cryptocurrency is a solution, but damn. before you start throwing barbs under the guise of being the one who understands economics, you should make sure you know what you're talking about, and/or put down the propaganda talking points.

Comment Re:govt takedown (Score 1) 351

daytraders, sure - but that is not really the point of an alternative currency. im less curious of the market cap as I am of the depth of the trading market - ie, the flow not the stock. my question which I wonder out loud (in writing here) is - how much selling would it take to push the price down significantly?

Comment Re:govt takedown (Score 1) 351

agreed. in fact, i have been suspecting for a while now that the volatility in btc pricing (which keeps people away, as who wants a currency that can swing +-20% in a day?) might be due to the government using their seized SilkRoad wallet (and whatever other seized bitcoins they have) to overwhelm the market. people have rallied around the fact that you can't 'short' bitcoins to artificially manipulate it lower - but if you own hundreds of millions of dollars of seized bitcoins (never mind mining for new one), and don't care about preserving the value of your holdings, you could crater the market whenever you feel like it. maybe im off about the ability to push btc prices down dramatically by say, indiscriminantly selling say, $1-2 million worth? i don't know how deep the market is.. maybe someone here does.

Comment great stumble recovery (Score 1) 222

ever walk down the street, and stumble, but mid-way turn it into a move that some part of you thinks will convince on-lookers that you did it on purpose? like you were just testing out a new dance move for the clubs? what - you mean those thousands of broken spent fuel rod assemblies? yeah - it's cool.. we're into EXPERUMENTING. oh - and if you ask questions in japan on this, off to jail you go!

Comment great way to recover from a stumble (Score 1) 184

ever walk down the street, and stumble, but mid-way turn it into a move that some part of you thinks will convince on-lookers that you did it on purpose? like you were just testing out a new dance move for the clubs? what - you mean those thousands of broken spent fuel rod assemblies? yeah - it's cool.. oh - and if you ask questions in japan on this, off to jail you go!

Comment break bad passwords (Score 1) 381

write your passwords down on a piece of paper. then drive out to the desert with a gps, and bury them in a box in a random spot, noting the gps location. then come back home, go to a convenience store, and buy a lotto ticket with the numbers from the gps. leave it on your fridge with a magnet. you're done! p.s. this approach may result in you getting shot and killed by an automated machine gun of your own device. but on the plus side, your old frenemies will see to it that your kids are well taken care of.

Comment incredible (Score 1) 1

I visited laos last year and visited the landmine/amputee museum.. there are still vaste swathes of UXOs (un-exploded ordinance - ie, bombs that didn't go off) back from when the US carpet bombed them during the Vietnam war - and a lot of kids try to harvest them for scrap metal because theyre so poor, the money is worth the risk.. you can imagine what winds up happening. great to see an example of technology really helping people - not just making it easier for them to 'get more stuff' from their lazy armchair.

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