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Comment The scammer's dream. (Score 3, Insightful) 172

Over half the Bitcoin exchanges have gone bust. Entire Bitcoin "stock exchanges" disappeared with the money. Bitcoin "investments" promising substantial returns each month were, of course, Ponzi schemes.

Bitcoin is a scam magnet. Irrevocable, remote, anonymous money transfers are the scammer's dream. (Yes, there are people talking about cryptographic escrow schemes so you can buy something with Bitcoins and have some recourse if it doesn't show up. So far, that hasn't reached usability.)

That's why Bitcoin needs regulation. If you're going to hold other people's money, you have to be regulated. Deal with it.

Comment Each server is worth $189 or less. (Score 1) 208

If you want more servers like that, Wierd Stuff Warehouse in Sunnyvale, CA, has the same HP series G Xeon servers for $189. (2 3GHz quad-core Xeons per server! Hard drives are extra, but cheap.) Wierd Stuff has huge supplies of previous-generation data center equipment.

It's amazing how cheap computer hardware is now.

Comment Space travel isn't feasible. (Score 3, Interesting) 114

Reality check: space travel with chemical fuels just barely works. It takes huge rockets to launch dinky payloads, and that hasn't improved in 45 years. Satellites and probes are useful. Man in space has just been a boondoggle.

If fusion ever works, this may change, but with chemical rockets, it's not getting much better.

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