Comment PS4 Won (Score 0) 279
Why get this when you can soon get Xbox One? An honest question.
Why get an Xbox One when you can soon get a PS4? An rhetorical question.
Why get this when you can soon get Xbox One? An honest question.
Why get an Xbox One when you can soon get a PS4? An rhetorical question.
The ghost of the spirit of the law is now haunting the patent office, waiting on the Mystery Van to trap it and do the big reveal to show that it's actually...
The US Dollar, and nearly every other currency, are backed by gold or some other precious metal that held value at the time the money was printed.
Nope. The U.S. has not been on the gold standard since the 1970s. The U.S. Dollar is effectively backed by the government and economy of the entire United States, not gold in a vault.
Totally true. It started life being backed by precious metal, but isn't now. That's how most currencies get their start though. Thanks Anon for the correction!
Maybe this makes it easier to understand: a hundred-dollar bill doesn't derive its value from the effort used to manufacture it, it derives its value from its usability for trade, which in turn derives from everyone who accept it as a payment and the ease you can send it to them with. Bitcoins are already very fast, cheap and easy to send, so as the number of parties that accept Bitcoin as a payment method increases, so does the value of Bitcoin.
The US Dollar, and nearly every other currency, are backed by gold or some other precious metal that held value at the time the money was printed. That's not to say that they are backed fully, or even remotely close. In fact some printed currency isn't backed by much more than wishes and dreams at this point, see aforementioned US Dollar. However they all started out having value due to being backed by something else, be it precious metal or some other real world item.
Now if you are trying to sell me on the idea that bitcoin is a product or item and not a currency, then that is fine. As a product or item it could hold value. I still don't agree. I still think it's a bit retarded. But I can agree with it being valued as an item or product and being traded for real world currency. I will just never see it as currency itself because it's not backed by anything. That it holds any value at all will continue to totally mystify me. Just like people selling virtual real estate in Second Life and the like.
Really... this virtual scrilla *still* has value? How?! It is backed by literally nothing in the real world?
It's backed by the utility value of a distributed tamper-resistant accounting system that lets you send them easily to other people and makes it very hard to change the rules the system operates by.
Glad you cleared that up. So you put value in the system by which they are distributed and controlled. So it's actually the system that is worth something and not the actual coin itself. That makes perfect sense. They should license it out. Bet they could make a killing. Oh wait... they can't because it's tied to the coin itself, which still has nothing other than the time invested for value. No, I can definitely see where this is valuable. Yeah...
Ok, if Verizon is intentionally slowing down Netflix, something like putting a delay on the transmission of packets or throwing away a certain percent of them so that they have to be resent, etc... That would be an unfair practice and something to be pretty upset about.
But, what exactly are 'Peering Points'? Are they special Verizon to Cogent connections put in place specifically to help us use Netflix? If so then shouldn't we be thanking them for having any such connections at all? Do they for some reason have to add more just because we want to use them? I thought an internet connection was just a connection to the network 'cloud' and from the 'cloud' we just get what we get.
Wow... just wow...
Our business in life is not to succeed but to continue to fail in high spirits. -- Robert Louis Stevenson
