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Comment Re:Guesses as to end effect? (Score 1) 202

Yeah... If Overstock.com really wanted to start taking Bitcoin right away, they could just use the Bitpay API and be done with it. I couldn't see setting that up taking more than a few days of development and QA testing.

It's actually a pretty good way of accepting Bitcoin, as the conversion to US dollars is done almost instantly.

Comment Re:Is his reasoning flawed? (Score 1) 691

Heh... you're assuming that Bitcoin is going to be wildly popular and every person on the friggin planet (even the ones who don't even have electricity now let along stable Internet access) are going to be using it to make ALL of their currency transactions.

I'm sure that's a problem that the Bitcoin Foundation would love to have, but I doubt that it will be something that will happen during our lifetime. I hope that I'm wrong, and that what I just said will make as much sense as a "640k will be enough for everyone" statement 20 years from now... but I doubt it.

Comment Re:house of cards? (Score 4, Interesting) 698

If anything, bricking a few million old PC's might actually have a stimulating impact on the economy. When the users toss out their 5 year old system that is probably still running Windows XP, they will likely go out and buy a shiny new laptop from Dell or HP that comes with a copy of Windows 8.1 and Office 2012. It will probably come with a "free" trial subscription of McAfee or Symantec virus protection as well. Lots of profit to be had by all in the IT industry.

When you think about it that way, it makes you wonder who paid the Chinese programmers to write this malware.

Comment Re:Does it mean, (Score 1) 110

I agree with you completely.

Let's put it this way... if you were about to start a long term contract for a big project, would you rather get paid in dollars (which will likely be worth at least 95% of what they are now at the end of the contract), or in Bitcoin (which may be worth anywhere from $10 to $10,000 each a year from now, depending on who you talk to)?

Bitcoin might work for buying a bag of weed or some cookies, but you would never use it to do real business until the currency stabilizes.

Comment Re:heh (Score 1) 88

I like the part where they said "Depending on the variability of AMD's press and retail samples."

The variability in the results was mostly caused by some last minute driver changes that caused a performance boost in the Radeon 290 and 290X cards, but the submitter seems to make it look some sort of "golden sample" conspiracy from AMD.

Comment Re:Equal Opportunity (Score 1) 144

The good news is that now that the congresscritters will have Bitcoin of their own, so they'll have a vested interest in helping it become a legal and legitimate currency. That way, they can spend it on attack ads against their opponents in 2016 :)

Don't forget that there are still a lot of banksters out there who are still trying to outlaw Bitcoin transactions in the US, using sites like Silk Road as an example on why it shouldn't be adopted as a mainstream currency. The potential loss of credit card transaction fees if Bitcoin becomes popular is starting to become a big deal for big banks and their lobbyists.

Comment Re:idiots (Score 1) 414

At some point, the CPU's built into phones will be powerful enough to handle most desktop applications for businesses without a noticeable performance hit. We're not quite there yet, though. Maybe in three or four more years, perhaps.

Hard core gamers will always want the latest $500 video card from AMD or Nvidia, though... and there will likely continue to be a niche market to support them. Everyone else will continue to buy whatever laptop they can get from their employer or for under $600 from Newegg or Best Buy.

Comment Re:Let me be 1 of the 1st here (Score 1) 478

Considering how CL&P's web site crashes under the load every time there is a major power outage, perhaps it's time to get rid of the incompetent people running the show now and outsource their IT to another company.

The power grid in New England is already horrible as it is, so the new guys probably couldn't do much worse. For an example, we seem to have power outages every other week in northern Connecticut that often last for several hours.

Comment Re: Load of crock (Score 1) 663

I think that the "free market" he's talking about is the one that is filled with $5 to $10 MicroUSB chargers for Android phones on Amazon and eBay.

Sure, many of them are cheap generic Chinese clones of the OEM chargers made from Motorola, Samsung, and HTC. Odds are that some of those will likely fail in a few weeks due to poor build quality, but at least you have to option to buy one if you're willing to take the risk.

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