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Comment Re:Of course not (Score 1) 178

ISPs don't have to pay any more for fully utilized connections than they do for idle connections.

You are perhaps using a narrow definition of ISP. Fixed wireless operators, for example, may service multiple customers on a single wireless link. Each individual customer has the possibility of reaching the full link speed, but only if all other customers on that link are idle. Thus, service can be sold with an "up to X mbps" specification, but if all customers on that link wanted to reach that speed simultaneously then it would certainly cost the ISP more to implement.

It seems that many ISP customers are forgetting that they are using shared infrastructure.

Submission + - Microsoft bans graphic violence, nudity and "offensive language" (professional-troublemaker.com)

jmdevince writes: Microsofts bans graphic violence, nudity, and "offensive language" in the latest revision of the “Microsoft Services Agreement.” This agreement applies to things like Skype, Office 365, OneDrive, and a whole list of other services.. The most disturbing part? They also gave themselves the right to view or listen in on your content (including Skype calls) calls to "investigate."

Comment Re:How is this any surprise? (Score 1) 276

the idea that people are going to trust some nebulous "network" with their IRA rollover, with nobody to mediate or sue when it goes wrong, is just wrong.

I, for one, welcome the advancements that begin to make obsolete the lawyer and lawsuits. You can't sue for breach of contract when the contract cannot physically be broken. Lawyers are free to transition to the new blockchain rule codification techniques and earn their keep auditing and explaining the smart contract itself.

What else you got? Supply chains? Yeah, like any company wants it's supply chain information visible to multiple governments and various other actors.

Supply chains are an excellent example. But your assertion fails to consider that publicly readable information does not necessarily mean it is publicly understood. There are any number of ways of encrypting the data stored on chain so that only the intended recipients can make sense of it. The ability to easily audit and enforce an entity's specific supply chain requirements, programmatically and with a high degree of trust, is a huge benefit to any business.

your direct suggestion to buy coins...

In the interest of full disclosure I do own some Ether and other cryptocurrencies. I am invested in the technology and actively exploring its uses. I am sorry for saying "buy some Ether" because that is not really necessary, as you can get free Ether on the testnets to play around with. Unfortunately, some of the deployed decentralized applications force the user onto the mainnet. My intention was merely that the reader get a chance to interact with the technology as an end-user, not a speculator, and my suggestion was made in that interest similar to how I might recommend somebody try a new restaurant before knocking it.

Comment Re:How is this any surprise? (Score 1) 276

There is absolutely a lot of hype and overvalued products in this new space, and we are currently witnessing some welcome relief from only the most recent bubble. Bubbles will continue to pop up but know that this is an entirely new technological and trading philosophy taking shape that over the long run will continue to expand.

Comment Re:How is this any surprise? (Score 1) 276

Actually, regulation in this case will only serve to hasten mainstream adoption. Only outright banning would force it to the dark markets only.

What's the point of legal cryptocurrency transactions? Good question. Here's one example: Let's say I have bad credit and traditional banks don't want to deal with me. Instead, I can safely secure and transact with bitcoins without relying on approval from some third party.

Think about the individuals and businesses that find PayPal useful. But as we know, PayPal has been known to close down access to accounts at their own discretion, so we can imagine that a design where this is not possible has potential for even greater utility.

Comment Re:ignoratio elenchi argument [Re:How is this any. (Score 1) 276

You may be right that I focused my argument around the other use cases. Gold is less a currency and more an asset. Bitcoin, IMHO, is more a currency and less an asset, that's why I said I can agree it's not the "store of value" that some people want. That does not remove its utility as a currency, a medium for exchange with the added feature of built-in publicly-auditable accounting. I have personally used it as a currency numerous times this past year, paying invoices for various computer-related and travel services. Ethereum is another currency where the "banks", if you will (the distributed platform) provides additional code-enforced value-added services.

Comment Re:How is this any surprise? (Score 5, Interesting) 276

The technology is interesting and useful, but cryptocurrency value is just due to the Beanie Baby effect.

That sentiment usually comes from those who have little experience in this new technology arena. Understandable, but wrong. Slashdot has devolved so far that it really doesn't surprise me to see such a lack of technical information on new blockchain developments.

It's smart contract development and the more advanced use cases of blockchain technology that really bring utility to their corresponding tokens. Solidity is a very straightforward language for developing on the Ethereum platform and it has been a very interesting experience learning the nuances of interfacing with blockchains. Neo is another with some promise, using a Java-based smart contract system. The Ether token, combined with front-end widgets like MetaMask make the process of integrating token usage into web sites a straightforward exercise for the developer and an easy interface for the user.

Bitcoin has paved the way for many much more exciting uses of blockchain. A large number of business are popping up all over embracing the technology in various forms and this will only increase. I can understand the nay-sayers who believe that Bitcoin may have little intrinsic value, because though it has some small utility I can agree it is not the "store of value" that some want it to be. But look beyond Bitcoin and it's easy to find far greater applications in other cryptocurrency offerings.

Slashdot has devolved so far from its glory days that it really doesn't surprise me to see such a lack of technical articles here and an overall negative, ignorant perspective on the new advances in distributed ledger technologies. I challenge other developers here to spend the time to buy a small amount of Ether and explore some of the applications popping up before writing off any value in cryptocurrency. Check out sites like https://www.stateofthedapps.co... to see what people are doing.

Submission + - SPAM: Scientists Change Our Understanding of How Anaesthesia Messes With The Brain

schwit1 writes: It's crazy to think that we still don't quite understand the mechanism behind one of the most common medical interventions — general anaesthetic.

But researchers in Australia just got a step closer by discovering that one of the most commonly used anaesthetic drugs doesn't just put us to sleep; it also disrupts communication between brain cells.

The team investigated the drug propofol, a super-popular option for surgeries worldwide. A potent sedative, the drug is thought to put us to sleep through its effect on the GABA neurotransmitter system, the main regulator of our sleep-and-wake cycles in the brain.

But anyone who's been "put under" will know that waking up from a general anaesthetic feels rather different from your usual morning grogginess.

On top of that, some people can experience serious side-effects, so scientists have been trying to figure out what else the drugs might be doing in the brain.

Link to Original Source

Submission + - China Orders Bitcoin Exchanges In Capital City To Close (bbc.com)

An anonymous reader writes: China is moving forward with plans to shut down Bitcoin exchanges in the country, starting with trading platforms in key cities. All Bitcoin exchanges in Beijing and Shanghai have been ordered to submit plans for winding down their operations by 20 September. The move follows the Chinese central bank's decision to ban initial coin offerings in early September. Top exchange BTCC said it would stop trading at the end of the month. Chinese authorities decided to ban digital currencies as part of a plan for reducing the country's financial risks. All exchanges are required to send regulators a detailed "risk-free" plan of how they intend to exit the market before 18:30 local time on Wednesday 20 September. The regulator also ordered the exchanges to submit DVDs containing all user trading and holding data to the local authorities. Shareholders, controllers, executives, and core financial and technical staff of exchanges are also required to remain in Beijing during the shutdown and to co-operate fully with authorities.

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