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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 Re:Oe noes! A compiler bug! (Score 1) 739

If it's unreachable code then it is indicative of a bug - someone has written code which they *think* does something but doesn't do anything. Now perhaps the programmer deliberately commented something out or surrounded with an "if (false)" block but even so at the very least the compiler should generate a warning and in some cases an error.

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.

Comment Amazon isn't out of expansion area (Score 1) 168

Amazon isn't out of expansion area. Their target is all of retail, and there's still a lot of non-Amazon retail. Most other big US companies with lots of cash have hit their natural limits.

Trying to go beyond those limits is tough. Google has not been successful in expanding beyond ads. (Android only makes money as an ad platform; Google's phone revenue is small.) Apple has a lot of cash, but can't find any way to use it that will yield the kind of margins Apple is used to. Facebook is still growing, but again, it's all ads.

There's only so much ad spending in the world, and the ad-based companies are all fighting over the same pot. There's more room to grow when your business model is "sell everything".

Comment Re:We should add our own encryption??? (Score 1) 176

False security. If you're paranoid that Dropbox sends your password back then you shouldn't be using it at all. Period. It wouldn't be hard for them to infer that the frequently changing, fixed size random file they were stashing was a truecrypt volume and for them to enumerate the mount points to see what was in it.

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