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Comment Re:From irrelevant to obsolete in one fell swoop? (Score 1) 258

Actually it's pretty clear you have no idea what you are talking about, and have not been keeping up with current events, at all.

Drugs and the silk road are a big thing with bitcoins. Most of the rest of what can be bought with them is various forms of hosting. There are very, very few real-world goods that they are useful for.

Since I've already provided you with links to show that what you are saying is complete and utter bullshit, I won't provide them here again. It's very, very clear that you have absolutely no idea about anything you're talking. You keep spouting this nonsense and are unable to provide a shred of evidence to back up anything you say, whereas I have provided you with several links and can provide hundreds more to backup what I say. You are just pulling it out of your ass and hoping people believe you.

Eclipse MC generates bitcoins, not dollars, from a quick reading of that site. I see nothing there about directly earning non BTC currencies.

Again, this shows how unintelligent and misinformed you are. You are even incapable of reading that Eclipse MC pays out in PPUSD as well as BTC. It's pretty obvious on the site.

You are woefully misinformed about the exchange and other site stuff. Let's see -

Again, you show how ignorant you are: Lets see indeed:

Mt Gox. hack

Yep, your one and only example.

Mybitcoin hack/fraud (was that resolved?)

Not an exchange.

Tradehill/Dwolla chargeback fraud

This is a Dwolla issue, not a Tradehill issue. It has nothing to do with BTC other than the fact that it happened to be BTC that brought this to light. It could just have easily been any other currency.

bitomat.pl disappeared overnight.

And then came back. Although I will grant you this was also sketchy, score one out of 100 for you, yay!

And as for features, well one of the features I actually like about htings like credit cards is chargeback, as a consumer, so biitcoin loses out as a method of exchange on that.

So what? One of the things I like about cash is that I don't have to provide personal details for the transaction. It's also one of the things I like about BTC. So Credit Cards lose out as a method of exchange on that.

And another thing is the deflationary nature of it - I fundamentally disagree that this is a good thing.

Again, so what? Your already obviously misinformed "opinions" of everything else BTC related are suppose to provide what in the terms of credibility for this? That's right, absolutely zero. You can't even get basic facts about BTC straight, why on earth should anyone listen to you about something as complex as deflationary currencies?

So I suggest that you are the one that's uninformed and trying to whitewash. Accuse me of being a bitcoin hater all you like, but uninformed I am not.

Suggest all you want but you are obviously, clearly and demonstrably wrong on nearly EVERY SINGLE POINT you've made in this post and others. You've provided absolutely nothing to back up your claims and your claims have been and can continually be shown to be 100% incorrect, yet you persist. Again, it either makes you incredibly stupid or you just want to spread FUD.

Comment Re:From irrelevant to obsolete in one fell swoop? (Score 1) 258

Well people will stop posting against bitcoin as soon as stupid bitcoin propaganda stops showing up on slashdot.

Post against it all you want... just stop lying about it to bolster your flawed arguments.

Stop reading the articles if you don't like them. Why are you even posting in this thread if you aren't interested in Bitcoin?

Comment Re:Why? Bitcoin and Slashdot? (Score 1) 258

Oh I dunno, maybe if the most of the people who are actually enthusiasts (see bitcoin forums for instance) used it to buy and sell something other than Euro or USD that would be a start.

At the moment actual purchases are rare so far as I can tell, most of the adherents seem to be hoarding in anticipation of a perpetually rising value. There is a large transaction volume daily, but it's the exchanges that drive it.

And you, once again, woefully misinformed, stupid or intentionally spreading FUD. I honestly can't tell which, but probably a lot of the second, some of the first and a bit of the last thrown in for good measure.

Comment Re:From irrelevant to obsolete in one fell swoop? (Score 1) 258

This is exactly the problem with BitCoin: you can't actually use it as a currency. You have to liquidate it in order to spend it, meaning that you have to treat it as an asset rather than a currency. However, as an asset it has no intrinsic value because you can't do anything with it except trade it.

By this logic, you can't buy anything with Paypal either, yet somehow Paypal manages to survive.

Comment Re:From irrelevant to obsolete in one fell swoop? (Score 1) 258

Trivial?

Not from what I've been reading. The money has to go via various other services and exchanges just to get to your bank account, with a variety of fees imposed along the way, and delays of up to several days.

Easy enough if the bitcoins were 'free' I suppose, but not so much for anyone thinking of them as anything other than a scam.

So I've refrained from replying to a number of your ill-informed posts. Everything you've posted so far in this article has been either an outright lie or you are so woefully misinformed as to be almost criminal. In either case, you should really purchase the smallest of clues before you continue to post about Bitcoins, because it's clear you have absolutely no idea what you're talking about.

A small sampling:

Your claim that only drugs and other illicit items can be purchased with bitcoins. Demonstrably false, too many to list.
Your claim that the money has to got to various other services and exchanges to get to your bank account. Demonstrably false, one example is direct to PP mining on the Eclipse pool (https://eclipsemc.com)
Your claim of various exchange-related losses, scandals and frauds. Also false. MtGox is the only exchange related issue. Even if true, this is different than other exchanges, how?
Your claim about the lack of features of a decent monetary system. Such as?

Etc... ad nauseum.

Please try to be at least marginally informed before posting. I know this is /. and all, but come on.

Comment Re:Fake? (Score 1) 258

Good reply. The GP is one of those people who think that we should never advance ourselves because we can't do everything perfectly the first time, so we should just stay where we are. It's people like the GP that have kept us from going to space en masse and held the world back from advancing. They just can't understand that it just because you can't do everything at once to improve a system doesn't mean you shouldn't make incremental improvements. It's a sad, pathetic existence to be like the GP, always trapped in the past and unable to even comprehend the meaning of simple changes.

Comment Re:Fake? (Score 1) 258

"Illegal generation of bitcoins? Not as far as the bitcoin system is concerned."

"The unauthorized use of computer systems is a problem"

How are these things not connected in your mind?
Some of the currency is being generated illegally. No, the bitcoin system doesn't know or care. This is a further strike against it.

To this, I have only one thing to say... in a picture... which is worth a thousand words:

Callous Coin Does Not Care

Comment Re:On the bus (Score 1) 685

I think the idea is that you'll give up your home Internet and pay for a mobile data plan. To run big downloads such as a movie, a large game, or an operating system upgrade, you'll go to a restaurant and use its Wi-Fi. But seriously, I've been told mobile broadband is a lot cheaper in mainland Europe than in the United States.

Wow, I can't imagine downloading the ~100GB - ~300 GB a month I use at home over a Wifi and only when I go to those places. I have automated processes running at home that handle that for me, I dont' want to sit at Starbucks for hours and hours downloading crap over a slow Wifi.

Yeah... replacing a wired broadband with mobile is not even vaguely practical. It would definitely have to be in tandem with wired broadband and in my experience it's not that affordable in Europe, though I've not been to every market in Europe of course. Again, if it's more than a couple bucks a month it's not affordable, it's excessive.

On top of that, your speeds are slower typically and caps are lower. Not really practical in any sense to replace it, price not withstanding.

Comment Re:One Asinine Post, Please! (Score 1) 248

Or perhaps litigant works as well?

litigant
Noun: A person involved in a lawsuit.
Adjective: Involved in a lawsuit: "the parties litigant".

Hey thanks for your lesson in how to not look something up before obnoxiously correcting someone though.

And you would unfortunately be wrong. So hey, thanks for the lesson on how to look stuff up before obnoxiously correcting someone, but please learn to look something up and properly understand WHAT you've looked up.

Litigant is typically applied to the two (or more) parties involved, not the lawyers handling the legal aspects of the case.

Don't hate because you look like an idiot on the internet. But go on and hate because someone made you look stupid, it just reinforces the fact that you are, in fact, an idiot.

Comment Turning point? (Score 1) 181

So is this the official turning point of Apple from a product innovator to a run of the mill "I'm going to sue anyone and everyone so I don't have to put money into R&D to make better products!" company?

Seems like it... when was the last time Apple came out with something innovative? iPad 1 I'd say. iPhone 5 is shaping up to be more of the same, iPad 2 is more of the same. Macbooks, more of the same... Can't think of anything recently that Apple came up with that others aren't doing already or doing better in some cases.

The iPad 2 is so lackluster that Apple is scared the Tab and Xoom might prove to be more popular with consumers since it is at least on par and in some cases exceeds the iPad 2 in functionality.

It's a shame Motorola and Samsung are charging so much... if they dropped the price by a couple hundred bucks...

Comment Re:On the bus (Score 1) 685

A tablet also does for those living in a market with affordable mobile broadband.

What planet do you live on, BTW? It sounds nice.

Affordable broadband = free/included with my broadband service.

If I have to pay extra for that access then it's not affordable.

Let me know where that is that offers free 3G/4G, please! Cause I get "free" broadband on my PC already.

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