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Comment At what point does Bitcoin become protestable? (Score 1) 709

This was posted by a member of the bitcoin forum. I think s/he has a point.
Not me, so I don't take any credit for it.

As best I can tell 35.5% of all bitcoins have already been minted. These 7,473,950 coins are all property of existing bitcoin users. There seem to be about 41,280 registered members of this site. I'll be generous and say there are ten times as many bitcoin users as there are members. That means about 410,280 bitcoin owners with on average 18 BTC each. Clearly BTC ownership is more concentrated than this, but lets be egalitarian for the moment.

If we pretended all bitcoin owners were all Americans that is about 0.13% of the population. It's not of course. Bitcoin is intended to be a world currency. So 0.0068% of the world population own 100% of all current and at least 35.5% of all possible bitcoins.

The view on this forum is that the world will come to their senses, throw out fiat currencies and move to something rational like Bitcoin. This of course means 6,000,000,000 people basically begging to use a resource owned by a relative handful of people. Say we just minted up the remaining 13,526,050 BTC and scattered them to late adopters purely out of the kindness in our hearts. That means about 0.00225 BTC for each of them to use in rebuilding their economy. Sure 18 BTC on average doesn't make us feel very rich. But it is 8,000 times what everyone else would have if we stopped competitive minting today.

But we won't stop competing of course. Sometime around Pearl Harbor Day of next year Bitcoin will hit the 50% distributed mark.

----
By that day, how many active Bitcoin users and daily goods trades do there need to be to make a sustainable Bitcoin economy viable?
----

Because to potential new adopters, after that point Bitcoin is going to look like a new a 21,000,000 coin currency with a 10,500,000 coin pre-generation that went to the creator and his "friends". Certainly people will stop caring about Bitcoin long before they show up on our doorsteps with signs saying,

"We are the 99.9932%!"

Link: https://bitcointalk.org/index.php?topic=48521.0

Comment Host own servers? (Score 4, Interesting) 162

Sounds like a good thing if you don't do it like "Alien vs Predator" where it's bloody annoying to find anyone to connect to. You've got a lot of servers to choose from in friendly match, all with 1-3 players, and it takes forever for any game to start.
Ranked matches are even more annoying where you're stuck in a queue for a very long time until someone starts a server, and if the guy running the server isn't winning near the end of the match he'll just leave, and everyone is forced out.

Seems like making a good multiplayer is hard.

I actually have GRID for PS3. Too bad I didn't get to play online.

Bitcoin

Submission + - BitCoin price crashes (mtgox.com) 1

An anonymous reader writes: The exchange rate for Bitcoins has crashed after an account with over 500,000 Bitcoins on the popular Bitcoin exchange, MtGox, was compromised. The transactions from the compromised account caused the price to drop from US$17 to $0.01 in less than an hour.

A database dump of the usernames and passwords of MtGox accounts was also obtained.

Bitcoin

Submission + - MtGox.com Bitcoin trading site compromised (mtgox.com) 3

Beardydog writes: Bitcoin trading site MtGox.com has suspended operations for the rest of the day after illicit access to at least one account resulted in a steep drop in the price of Bitcoins on the site. Commenters to the support page for the event are reporting that a list of usernames and associated email addresses and password hashes have been posted online. MtGox are currently planning to roll back all of the day's trading, email notices to all affected users, and require replacement passwords for affected accounts.
Medicine

Submission + - Infertile Daughter To Receive Uterus From Mother (singularityhub.com)

kkleiner writes: "Led by Dr. Mats Brännström, a team of surgeons at the University of Gothenburg in Sweden are giving Sara Ottosson, now 25-years old, hope that she may one day fulfill her dream of giving birth to a baby. The uterus will come from a very special donor: Eva Ottosson, Sara’s mother. Sara’s operation will mark only the second time transplantation of a uterus has been attempted in humans, and the first time between a mother and daughter."

Comment Site support? (Score 1) 266

Currently my bank doesn't even support FF4. It does work, but I get a nastygram when I login. I suppose that's their way of protecting themselves if the browser should fsck something up on the site. They're quite picky about which browsers they support. They will eventually support almost anything, but they'll have to test them first, and with a new release every three months I think I'll always be out of compliance with this site. And some day I guess something WILL break.
Not fun.

Comment I use drupal, and it's really good (Score 2) 88

However it does depend heavily on 3:rd party modules and not all of them actually clean up the DB after you install them. I have an old site, upgraded from Drupal 4.X-something, and while upgrade path has been rough at times, I've always managed to get it to work. However my DB is now a mess of unused tables that I'm not sure if I can delete.
I've tried the module "backup and migrate" to move the tables I "think" I need to another site, but unfortunatly I haven't managed to get it to work yet. It's either move the "whole mess" or it won't work.
A shame that it isn't easier, although D7 is a great step forward.

Comment Re:Ban guns (Score 5, Interesting) 2166

The thing is, Sweden has actually quite strict gun laws. You have to be a hunter or an active member of a gun club to own a gun. If you don't go to the gun club often and practice/compete, your licence will be revoked. Generally you give it to the police, or sell it, or the police will come pick it up for you if you break the law by having it without license. I believe there will also be some legal aftermath from that.
I think that if you're a hunter the license is unlimited in time but you can only buy hunting rifles. And if your doctor notices that you have a drug problem you'll lose the license. Someone with a hunting license could probably clear this up a bit as I'm uncertain.
So, would you concider Sweden, or most/all scandinavian countries as opressive? Like limiting the press or other freedoms?

And we have quite an open society where most politicians regularly meet "the people". Not at all what you described.

Another funny thing. We actually have more guns per capita than the US has. And yet we have very few shootings. Most murders here are done with a knife or blunt force.
I think there's something in the US culture that glorifies guns and their use, which makes this a much bigger problem there than here. Probably some manliness issue that sais that you have to be the biggest and strongest at all times, and the guy with the biggest gun is the strongest. And I think you have a social problem that aggravates this, meaning that when people have very limited options they'll use whatever resort they can to improve their situation.

This from my limitied view here overseas. I'm sure I've fallen for a few myths and misconceptions, but I try to keep up on current events, even in the US.

Submission + - Drupal 7 released (drupal.org)

dzogchen writes: Drupal 7 arrived today after a multi year development cycle that saw huge growth in the use of CMS software in general. Release parties are scheduled around the world.

Comment Re:Why should it? (Score 1) 233

They just now started breaking the TOS? Or is PayPal just really really slow?
And what is it that they're doing that is a breach? Displaying the stolen documents? Isn't this what every journalist is supposed to do? Are all journalist organizations banned from PayPal, or just wikileaks?

And embedded media isn't a "free press". That's more of a propaganda department. Why do you think the military allows it?

That said I've been a happy customer for several years but I have to protest in some way, what other way would you suggest if not this? I'm also cancelling my visa-card and will pick another that don't hate freedom. ;-)
(yes, that was irony)

Comment Why should it? (Score 1) 233

They're based on the same technology, but other than that, what do they have to do with each other? You can run one without the other.
So the short answer would be "No".

I enjoy KDE and use it daily. I would use KOffice more if there was a better project management tool than KPlato included but alas, there isn't.
Time to donate some more Paypal money their way so that I can close that account. Btw, what alternatives are there to paypal? You know, companies that atleast pretend to support democracy.

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