My point is that you *don't* hear about those things as often as you do with bitcoin, and I was wondering why.

You probably do, but you simply don't pay attention. (Those examples are just from the top of a random Google search.) A bureaucrat takes cash bribe for a favor ... stop the presses!

On top of that, I would think that a large number of cash transactions are successful, and invisible to the government. (All drugs are sold and resold for cash, modulo the extinct Silk Road.) The proceeds are then carefully and accurately laundered through a network of businesses; and those operations are not ran by fools, like in this case. The underground economy is alive and well, and its size far exceeds the entire supply of BTC in the world.

If anyone comes to you and says something along the lines of, "I've got some drug money to launder, I need $30,000 in bitcoins..." don't say yes. I mean, Jesus Christ, how fantastically stupid do you have to be to go for that?!

On the other hand, one has to be fantastically naive to expect a similar magnitude of business from people who only want to buy a cup of coffee at Starbucks. BTC attracts criminal proceeds like honey attracts flies. In essence, there is hardly any legal use of BTC (outside of pure speculation and experiments.)

One would be better off buying that TV or that subscription with an inflating currency than with a deflating one. Credit cards also give you insurance, and protection, and a small kickback, and a grace month during which you own the item but haven't paid for it yet.

The summary must be wrong because Google glass has a 30-minute battery life while shooting video.

And, of course, there is no way to connect GG to a much larger battery that hangs on the policeman's belt, alongside with his Taser, his firearm, and a ton of other stuff?

Where there is a will, there is a way.

Slashdot's content is produced by the people (you and me and 3 million others.) We are supposed to write comments on this Web site. So a better analogy would be: you go to a concert, but the performers are singing protest songs because their manager threatens to disband the group. You may not like it... but admission is free, so you cannot demand your money back. If you walk away and ignore the event, the band will be soon gone.

Slashcott is a boycott of Slashdot. No visits, no submissions, no comments next week. A Google search brings up enough entries to get started. For some strange reason, Slashdot's own search returns nothing...

Ineffective campaigning at its "best".

Well, thanks to your interest, the campaigning just got a little better!

Either mining remains profitable, or miners will stop mining.* At the point where they stop mining, the difficulty goes down until mining becomes worthwhile again.

Can you imagine what a rollercoaster this will be? Price of a commodity is set at an exchange with a simple phone call or with an electronic contract. This price is set and is changed (as need be) easily and effortlessly, with lag that today is measured in milliseconds. However in BTC land in order to send the message to BTC Gods you have to close up your business, fire your workers, and sell (to who?) all your equipment. Then maybe enough other miners do the same, and within a year the network realizes that something is wrong and the difficulty drops. Then you are free to re-buy all your miners, rehire the workers, and reopen the company - until the next dip. This is insane.

Yes, in principle this is self-balancing. It's just not self-balancing on human scale of time and effort.

There is another catch here. As mining becomes more and more corporatized (which is necessary to run 100,000 miners in Iceland, for example) you get concentration of mining power in one pair of hands. Or in several, but still highly countable, pairs of hands. Those guys can not only outmine all the hobbyists - they can also outprice them, as they buy power in bulk and in a region that is known for cheap power. Hobbyists will have to surrender their 50% of hashing rate - and what do you have then? A 50% attack that is only not happening because of the honor of the businessmen who run the pyramid?

there are many hobbyist miners who will operate at a loss just for the sheer love of it. No, I'm not kidding.

They are irrelevant in every sense of the word. Their influence scales only proportional to their investment, like a gold miner who washes sand in a coffee cup.

It's easier if you are a KDE fan, like I am. Linux Mint KDE is perfectly good for me as it comes out of the box.

I heard that GNOME has more complaints. I wouldn't know that firsthand. Ubuntu is not an option for me because of tracking and because of Unity. I tried it, did not like it. I have Ubuntu LTS on a few servers, but their GUI is called SSH, so I don't care much; and they are old enough to not have *-lens on them. Some are server distributions, with neither X11 nor the desktop environment.

So you'd also protest against actions of your local supermarket by going there and punching the customers in their face?

That would be analogous to defacing your comments. But this is not happening. What is happening is an equivalent of a picket near or inside the store where shoppers walk around and shout their message from time to time. Sure, this may hurt some sensitive shoppers who only want to buy something, and not to become involved in politics... you may avoid politics, but the politics will not avoid you. Head in sand is rarely a good solution.

Shashcott Feb. 10-17!

You own a legal claim to the deposits you made with your bank. [...] You might be able to cause a spend. [...] There is no counterparty that has guaranteed this to you.

Actually, deposits under $200K (IIRC) in US banks are insured, so you can say that there is a 3rd party who guarantees that your money are safe. There is no such guarantee with BTC, and no recourse if your Bitcoins are stolen (that had happened already.) This alone makes banks valuable: they, at no cost to you, insure your spending.

There are various situations in which you would not even be able to enter a spend. One example is: local network or electrical outage.

Those are basically acts of God; they are so rare that nobody in the modern society is worried about them. When was the last time you couldn't withdraw money because of local power outage? This may be a problem after SHTF, but everything will be a problem at that time. The Bitcoin does not fare any better, actually, because the bank may have a diesel generator; but what percentage of Bitcoin network is independent from the grid? That includes communication lines, of course. If anything, I'd expect banks to recover far faster than the BTC because individuals will have far more serious needs on their hands than to be a BTC node.

The fact is; while you control the private keys, you don't control the bitcoins.

May I have an example when I, an owner of a BTC wallet, know the password but cannot control the bitcoins? (Outside of a SHTF scenario, of course.) It is true that a 50% attack is a possibility... but a very remote one. Once someone gains control over the decisive portion of the network, BTC will be effectively dead. You can have far more concern about the crash of conventional currencies - especially because such crashes periodically occur all over the world (like every few years.) Those are not scenarios that play out in normal operation of the currency (like loans, payments and transfers.) We should focus first on how the currency in question operates in peace time. Only after that we can look at how it reacts to unusual events. (Most of currencies fail right away, with exception of precious metals, such as lead, brass, silver and gold.)

Note that "control" does not have to include everything under the Sun. You may own your car, but it's stuck in the snow and you cannot drive it. Does that mean that you don't own it anymore? If someone steals your car from that snow bank and drives away, he is now in control, though he has no right to be in control. You are now only legally an owner; but as matter of fact the thief owns the car because he can do anything he wants with it, and you cannot. If you control the wallet with BTC, you control those Bitcoins as well (unless the wallet has a mind on its own, which is fairly rare these days.)

Just a toy currency that is part of a virtual game environment.

Ah, but that's not for you or me to decide. It's for the GOVERNMENT to decide - and it has decided that BTC is money. Period. They have authority over such matters.

That's a curious theory, on par with Slashdot Beta.

What's interesting about BTC is you don't "own" coins.

You need to define what you think ownership is, and then compare it to ownership of other items that we commonly call money.

The public ID is recorded as having "coins" assigned to it; much like if you have a username on a World of Warcraft server, the server has a database record that says your username holds a certain number of warcraft gold tokens.

Well, I don't own the servers at my bank. There is nothing in this Universe, other than virtual association of some monetary units with the number of my bank account, that says that I have money on my account. But you wouldn't say that I don't own the money that my bank holds for me, would you?

Some more strict debaters may say that no, I don't own that money; it's just the bank has a debt to me, payable on demand. But from every practical point of view (that excludes high-flying economists) I do own that money. What is the test for ownership? I guess it's quite simple. If I may have access to it at any time, and if I can spend it in any way I want. I guess the money at the bank satisfies that test. BTC in your wallet is also technically owned by you because you are free to spend them on anything you want, or to destroy (by deleting the wallet.) There is no authority other than you who can do it (aside from the 50% attack.) If you ask any IRS agent, any lawyer, any judge they will tell you that you own a thing if you exercise full control over it. The duck test, if you wish.

I cannot say what laws govern in-game toy money, but most likely they are just game items that you collect during the game. As long as they are not declared money, or other goods in real world, they are just part of the game; you cannot call the police if a demon of 34th rank jumps you and robs you of all your gold.

BTC is declared to be money, for better or for worse. This means that it is now regulated as money. You'd better declare BTC that you hold in foreign accounts, and pay tax on all your BTC income. Welcome to the club of big boys, BTC. And, by the way, the big boys don't like you at all, and the system is biased against you. Such is life.

I'm not sure what is worse, Altium or Slashdot Beta ... I think they deserve each other :-)

It became very clear why digital circuit designers abandoned graphics and switched text for complex designs.

HDL compilers also do a better job at optimization and detection of problems. A schematic on a sheet of paper will not tell you that some of your inputs may be driven by HiZ outputs, or that two connected HiZ-capable outputs will be active at the same time. A simulation of your code will find that.

Simulink is not as easy as it looks. Not every block has compatible I/O, and not every arrow from block A can connect to block B. You have to understand what data those blocks are producing and consuming. Simulink is a useful tool ... but only for a specific class of problems. I am not sure if it can be even used to calculate primes. A simple airline ticket reservation system would require sheets and sheets of Simulink graphic.

Text-based code is very powerful. A mathematician can write a formula with just a few symbols ... but each of those symbols requires a university course to understand.

How are circuits designed today if they are not drawn?

They are synthesized by XST, Synplify Pro, or a similar tool.

Slashcott Feb. 10-17!

That's OK. We are both guessing.

I find the notion that somewhere near 10% of all cops are waiting in the wings with bags of drugs and spare guns waiting to plant them on people, and the idea that LEO's perjuring themselves is "routine" to be almost tinfoil-hat worthy.

It's simply Pascal's Wager.

It's not fashionable to say here, but Io think the overwhelming majority of police are honest, hard-working people looking to serve the public interest.

I have met very few police officers in my life, and they all appear to be good people. However this is not relevant. You cannot predict what kind of an LEO will stop you on the freeway for $something. You can only estimate your chances. Many things may go wrong. The LEOs may have heard a broadcast about a dangerous criminal, who looks like you, who is driving a car, just like yours. This will make the encounter very tense. You may overreact... and it goes downhill pretty fast. As I said, only one of the officers at the scene may have a bag, but he can throw it into your car just in case, without telling anyone else. This will create a good, solid reason for holding you for a while... and then they may release you, and you will be happy like a clam. You likely know the probability theory, so go ahead and calculate the numbers. What is the chance that you get a bag planted if there are 10 officers at the scene, and each has a p=0.1 of planting it? P=(1-0.9^10), or 0.65 !!!