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Comment Re:First major retailer to accept Bitcoin (Score 1) 182

It was BTC's "dirty little secret" that as long as you could buy drugs with it, it had value. Losing SR caused panic on the BTC market for exactly that reason.

The shuttering of silk road caused panic for only a few hours. The value was recovered in less than 1/4 of a day. But for weeks afterward there were misleading headlines about how Bitcoin had lost half its value. Yes, it did lose its value - for a very short while.

Personally, I was very surprised that the value didn't go farther down and stay there much longer.

Comment Re:Where do I begin? (Score 1) 691

I am fully ready to secede from all of the services you have mentioned as soon as that right is recognized for everybody so that we can work together on a voluntary basis to create our own solutions.

I am not a member of the U.S. Libertarian political Party, but their past platform put it well:

Secession The Issue: People are forced to be subject to governments and to participate in their programs, usually as providers of financial support, regardless of their wishes to the contrary. The Principle: As all political association must be voluntary, we recognize the right to political secession. This includes the right to secession by political entities, private groups or individuals. Exercise of this right, like the exercise of all other rights, does not remove legal and moral obligations not to violate the rights of others. Solutions: We support the right of political entities, private groups and individuals to renounce their affiliation with any government, and to be exempt from the obligations imposed by those governments, while in turn accepting no support from the government from which they seceded. Transitional Action: As a transition step, we support the right of political entities, private groups and individuals to renounce their participation in any government program, and to be exempt from the obligations imposed by that program, while in turn accepting no benefit from the program from which they seceded.

Comment Where do I begin? (Score 1) 691

There's a whole lot in the summary that is just wrong or out of date. First off, the energy consumption for bitcoin mining is becoming more and more efficient, especially this year thanks to the addition of ASIC circuits for the job. Also there are several alternative currencies that are trying to address this with alternatives, including Peercoin and Primecoin.

Next, the news of malware for mining Bitcoin is not new at all - it's been happening for well more than a year. And the defense is the same as always. Really this is an issue of malware, not an issue of Bitcoin. There is also malware out there to steal credit card numbers and bank account information - that's not a strike against credit cards or bank accounts.

Finally a lot of this is a matter of opinion. The author thinks a deflationary system would be terrible - many of us think it would be wonderful. This is actually addressed in the Bitcoin FAQ with a link to a real article on the theory so you can consider it and make up your mind rather than starting with a preconception off the bat. If you conclude that a deflationary currency is bad, don't use it - meanwhile let the rest of us use what we think would be best. If you like the cryptocoin concept but don't like deflationary currencies, there are altcoins that do not have a capped supply.

As for other points of the libertarian agenda - again, if you don't like it, don't use it. I support your right to pick the system you think would work best, and I think I should be allowed to do the same. "it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness"

Comment Re:Aluminium (Score 4, Interesting) 219

I will never forget the edit war over "yogurt"/"yoghurt." The ridiculousness was only eclipsed by the fact that the "yoghurt" guy won for years because everybody else realized it was ridiculous and didn't have the persistence to stay with it. IMO the system is broken when that kind of issue is settled by someone's personal passion and obsession.

Comment Trademark law education (Score 1) 103

That response from the EFF was very educational and worth reading among all the other links in this article. I learned that companies don't really have to go around and actively defend their trademark in court or risk losing it. And I also confirmed my suspicion that no company needs to be ensuring that every time somebody uses their name ("mark") that they have permission.

Here's the link again in case you can't tell which one I'm referring to.

Comment Re:Just ignore it. (Score 1) 208

I think it's cool and I still care, even if everybody else wants to ignore it. It may never get anywhere, but I like to know that it's going on and hear the status twice a year or so. Same for GNU Hurd, although I don't think I've heard much about them in at least five years.

Also, while I'm sure Android is challenging Windows' dominance overall, it doesn't seem to be doing so on desktop machines in my office, so it's still a reality for me. I doubt ReactOS will be done in time to change that during my career, but it's nice to know it's out there.

Crime

The Silk Road Is Back 261

Daniel_Stuckey writes "Silk Road is rising from the dead. After the FBI seized the deep web's favourite illegal drug market and arrested its alleged founder Ross Ulbricht last month (for, among other things, ordering a hit through his own website), the online-marketplace-cum-libertarian-movement has found a new home and opened for business at 16:20 GMT this afternoon. In the wake of the original Silk Road's closure, everything became a little turbulent for its users. First, they had to get used to not getting high-quality, peer-reviewed drugs delivered direct to their sofas. (Though presumably they didn't stop getting high, instead forced back to the 'mystery mix' street dealers and surly ex-Balkan war criminals who have spent years filling cities with drugs at night.) Some users were pissed off that they'd lost all the Bitcoin wealth they'd amassed, or that paid-for orders would go undelivered, while small-time dealers freaked out about how they suddenly lacked the funds to pay off debts owed to drug sellers higher up the food chain."

Comment Grain of truth (Score 3, Interesting) 103

If the warnings are incorrect, how does Twitter justify this libel?

Probably the same way you justify your hyperbole: with the basic fact that people are entitled to their own opinions, even if others disagree. Using big dramatic legal sounding words to try to bludgeon others over their opinions is actually harmful to society, in my opinion.

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