Shouldn't 'uncertainty' and 'risk' be detrimental to the value of anything that is subject to it
Not necessarily. Many financial instruments are inversely price sensitive to risk. Although why a bit coind exchange rate for hard currency would be so is a mystery.

It appears to me that BitCoin is one of the most irrational products of technology of recent times
Appearances can be deceptive. Watch and learn.

Note: Poster lives in Newfoundland, and paid for gold plated connectors.

http://en.wikipedia.org/wiki/E...

The sun is the BEST source of power there is. It powers all life on this planet.

The problem is not the power source, it's how to store it. Plants do that pretty well, our problem is we're inneficient at extracting that power to produce electricty.

Luckily we're highly efficient at extracting it to produce body heat.

10 cents per watt is saved for every point of efficiency gained

What does that mean ?


My electricity cost of approx. € 0.25 / kwh

How do I save 10 cents per watt ? Or are they talking about the re-purchase price of the panel ?

...starts out a system update with a format C: command under any circumstance?

Answer...presumably any Windows based *&^% that gets sold into Universities. Why wasn't the development of such a tool a graduate research project ?

I wish I had the chutzpah to sell such junk, I'd be a freaking billionaire by now too. Instead, my software is bulletproof, but it sells for pennies per seat. I guess I missed the big picture. Oh well, at least I have a clean conscience.

I don't know anyone who worries about garbage collection in C++11.

Front running and adding a spread ?

Ummmm, aside from it sounds like something different, not much.

Seems like a poor attempt at making a product with no market appear sexier than it is.

Having seen some code written by an esteemed Bio-Chemist, I agree that experienced programmers should be reviewing their code, but then, you'd expect a true scientist to have an expert review his stuff anyway.

My experience was a real eye opener. Between the buffer overruns, and logic holes, I am amazed the crap ran at all. The fact that it compiled was a bit of a mystery until I realized that it was possible to ignore compile errors.

Almost everyone posting from home who claims to not be using a dial-up modem is woefully ignorant of how their internet connection is working. The only difference between broadband (DSL anyway) and "Dial-Up" is the frequency used.

Broadband still uses the PSTN, (with some rather insignificant exceptions) and still uses a phone number - and the same call routing infrastructure - to initiate a call to the ISP to begin the broadband session.

Would you prefer summary offense and indictable offense then. After all this distinction, while going under different names, is NOT unique to the US despite your ignorance of the fact.

Now that personalaudio.net has been slashdotted, how do you feel about the apparent inadvertent side effects of owning patents ?

New being the new euphemism for something that's been around for over a decade, and stinks as much as it's parent, Rapid Application Development, born in the 80's.

Why does it stink ? Because it's implemented by mindless low level managers who fail to understand the point, and asked for by foolish high-level managers who are too impatient to let it produce the results it claims to produce. Meanwhile, the poor slobs working within its constraints get to attend "scrums" where they get to stand around during the most productive time of the day, explaining to their colleagues what they would be working on if they were at their desk.

Hmm, let's test your thesis the really simple way

Dollars/Euros/Rand in a rational market would cost only as much as they cost to make with perhaps a small premium.

Lesson: A medium of exchange (aka currency) is NOT necessarily a commodity.

Scarcity of the commodity vs. demand for the commodity drives the market price up or down in a rational market. I wonder if increased competition will do that to this market as more and more way to mine get distributed. I doubt it though, but time will pop the bubble anyway.

Lesson: I produce very few boogers, so they are scarce, BUT, importantly, there is to my knowledge zero demand for my boogers, so they have no value whatsoever. The number of bitcoins that will ever exist is finite (21,000,000), if the demand for them goes up, so will their price (or "value" if you wish to call it that).