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Comment Re:bitcoin has to much fluctuation for them to hol (Score 0) 87

Assuming the merchant instantly converts Bitcoins into cash for say, a $100 equivalent transaction, what is the difference in transaction cost when compared with a credit card? I know credit card transactions cost roughly 2%, or $2 in this case.

It depends on the merchant's Bitcoin processor or whatever private contract they have with them. The main processors are Coinbase and BitPay. There is a transaction fee paid by the customer of .0001 BTC when they make the payment. That fee goes to the Bitcoin miners on the network. The payment processors have varying fees for the transaction that the merchant would pay when instantly converting to cash. I believe there is no fee on the portion of Bitcoin the merchant may or may not choose to hold. For the moment at least.


Has Ron Paul Quit? 878

Lally Singh sends us to the inside-the-Beltway blog Wonkette for a quick take on a letter Ron Paul sent to his supporters. In this analysis, Dr. Paul has basically called it quits. "Late Friday night, Dr. Congressman Ron Paul posted a letter to his fans basically saying it's over, but he will continue talking about his message, and plus it would be completely embarrassing for him if he also lost his congressional seat."

PostgreSQL 8.3 Released 286

jadavis writes "The release of the long-awaited PostgreSQL version 8.3 has been announced. The new feature list includes HOT, which dramatically improves performance for databases with high update activity; asynchronous commit; built-in full text search; large database features such as synchronized scans and reduced storage overhead; built-in SQL/XML support; spread checkpoints; and many more (too many major new features to list here). See the release notes for full details."

Best Presidential Candidate, Republicans 1481

A few days ago we posted a story for you to discuss the best presidential candidates for Super Tuesday, but I figured it would be an interesting idea to try that again, but split the discussion into 2 halves. This is the Republican half — please only discuss the Republican candidates in this story. Huckabee, McCain, and Romney only.

DoS Attacks on Estonia Were Launched by Student 184

As_I_Please alerts us to the fact that a 20-year-old Estonian student has been fined for participating in DoS attacks against various Estonian political and governmental websites last May. The situation was notable because it escalated tensions between Estonia and Russia when the latter was accused of initiating the 'cyber-attack'. Quoting: "The fact that a single student was able to trigger such events is particularly ominous when you consider just how many potential flashpoints exist between various countries all over the world. The DoS attack against Estonia is an excellent example of how a cyberattack carried out by a 20-year-old student in response to real-life events further exacerbated an existing problem between two nations."

Engineered Mosquitoes Could Wipe Out Dengue Fever 343

Christina Valencia points us to a Wired story about scientists who plan to use genetically modified mosquitoes to reduce the population of Dengue-carrying insects. The altered genes cause newly born mosquitoes to die before they are able to breed if they are not supplied with a crucial antibiotic. This is a more aggressive approach than the anti-Malaria work we discussed last year. From Wired: "Mosquitoes pass dengue fever to up to 100 million people each year, according to the Centers for Disease Control and Prevention. Up to 5 million die. If the scientists can replicate their results in real field conditions, their technology could kill half of the next generation of dengue mosquitoes, which scientists say would significantly reduce the spread of the disease. If all goes well the company envisions releasing the insects in Malaysia on a large scale in three years."
Role Playing (Games)

Fox News / EA Spar Over Mass Effect 'Controversy' 192

The whacked out rantings of Kevin McCullogh have been a hot topic on games blogs in recent weeks, as his lurid description of Mass Effect prompted vitriol from actual gamers. That exchange would have been easily left behind if not for the fact that Fox News stepped into the fray, adding a measure of 'fair and balanced' to the discussion. Their 'Sexbox Sexpose' drew in veteran games journalist Geoff Keighley, who optimistically thought he'd be given the chance to set the record straight. Instead they filled the airwaves with plainly false generalizations about the game's sexual content. Kotaku is reporting that EA is fighting back, protecting BioWare's property and demanding a correction. From EA's letter to Fox: "The resulting coverage was insulting to the men and women who spent years creating a game which is acclaimed by critics for its high creative standards. As video games continue to take audiences away from television, we expect to see more TV news stories warning parents about the corrupting influence of interactive entertainment. But this represents a new level of recklessness." I hope the EA folks aren't holding their breath.

ICANN Writes US Government Requesting Independence 131

Combat Wombat writes with word that IP address and domain name overseer ICANN has put in a request to the US government, asking to be freed from ties to the United States. A 'lengthy' report was sent to the US Dept. of Commerce, and covers the numerous steps the organization has already completed along the road to independence. The BBC reports that a meeting will be held soon in response to the report, a reaction to the expected end of US control. "The meeting marks the half-way point for the Joint Project Agreement (JPA) under which ICANN was tasked to comply with a series of 'responsibilities' deemed necessary for its release from official oversight. The JPA grew out of the original Memorandum of Understanding that established Icann and signalled the beginning of the end for US control."
It's funny.  Laugh.

Submission + - Police arrest teen for "virtual furniture" (

ekes writes: "According to the German Press Agency (DPA) Dutch police have arrested a teenager and are questioning four more about the "theft" of "virtual furniture" from the online Habbo Hotel
A police spokesman said the suspects will be charged on two accounts: hacking and burglary.

English report on Expatica"


Submission + - First use of RIPA to demand encryption keys (

kylehase writes: The Regulation of Investigatory Powers Act (RIPA) is being used for the first time to force an animal activist to reveal encryption keys for encrypted files she claims to have no knowledge of. According to the article, she could face up to two years if she doesn't comply.

Crazee Edeee, his prices are INSANE!!!