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Comment: Re:And there's the whole economies of scale thing (Score 1) 400

Someone would have said all the same things about electricity at home, phone, internet, cars etc.

1) Make it happen
2) Make it happen reliably and repeatably
3) Make it happen at decent speed and quality
4) Then you make it cheaper

and when you get to the point 4, things tend to start getting better quality and faster for less as well as more people adopts the tech and makes it better.

Comment: Re:So far away (Score 3) 400

not just a toy.

it allowed us to create products affordably we couldn't otherwise make, in production, for sale. We are a typical small business with constrained budgets for creating products and small customer base.
It affords us to create products where the production costs are rather low, thus a comfortable margin product to make the product viable in the first place, with big commercial competitors, albeit the big commercial competitors have inferior products, with way higher price tag.

Further, 3d printing allowed us to rapidly prototype our product, turnaround for a new prototype can be less than one day, and we've done that many times over, and in early design stages multiple prototypes a day. Hiring a shop to machine parts for us the lead time for new prototype would be couple of weeks, and the expense would be orders of magnitude more.

Comment: The Guardian? (Score -1, Offtopic) 126

The Guardian spends a huge amount of effort banning 'mavericks' from its comment boards regarding things like 'Global Warming'. Where you stand on the 'Anthropic Global Warming' (AGW) is less important than understanding that both proponents and opponents can provide insights into the issue. What matters is not 'consensus' (which is only invoked if the observations don't support a hypothesis), but the *data* ... and sometimes the 'mavericks' are pointing to critical data you may not have come across before.

It is thoroughly excellent the Guardian are promoting Free Speech for science, through their 'maverick' meme. I really just wished they'd put what they preach into practice - as we all should :)

There is *no substitute* for Free Speech. And Free Speech is not about what we all agree one, but the right of a 'maverick' to disagree and voice their opinion - and the right of many many more to listen to that maverick and then make their own minds up. Without this we have *no* Liberty - no matter how well intentioned the censors are.

Comment: Re:Uh what? (Score 5, Insightful) 180

by SplashMyBandit (#46512029) Attached to: Why Did New Zealand's Moas Go Extinct?
The New Zealand Maori (of which I am a member) sometimes claim that our culture promotes sustainability and care for the environment. This has always been revisionist bs, but it was useful into guilting the pakeha into giving settlement money (which our tribal elites pocket). This study on moa is useful to show that *all* humans have and will be destructive to the habitat. Being hypocritical for the purpose of guilt-tripping another ethnic group is false and immoral. My fellow New Zealanders should not fall for this scam any longer!

Comment: Stallman was right (Score 0) 147

by SplashMyBandit (#46509309) Attached to: Shuttleworth Wants To Get Rid of Proprietary Firmware

Haha! Shuttleworth now agrees with Richard Stallman's assessment of the situation from thirty years ago.

Hopefully more IT leaders (and users!) also wake up to this.

If you can't control your device all the way down to the hardware, then bad guys will (and very sadly, bad guys now includes the NSA).

Comment: Do we need (Score 1) 258

by Skal Tura (#46394647) Attached to: Inventor Has Waited 43 Years For Patent Approval

Do we need more proof that the patent system is detrimental?

Let's assume the inventor won't release his invention until patent is approved - therefore we loose the advancement. It might be tiny advancement or it could be huge.

There's also examples when inventors, developers, startups don't pursue their goals because of a patent.

Comment: Re:To explain what seems to have been missed. (Score 3, Informative) 249

by Skal Tura (#46194783) Attached to: Bitcoin Plunges After Mt. Gox Exchange Halts Trades

well - the thing is that difficulty can go down as well.
Therefore it is self balancing, sure if 80% of mining power disappeared all of sudden, it would take a LONG time before reaching difficulty recalculation, but it would eventually happen.

It is self balancing over:
Mining costs (electricty + hardware + human time) and Bitcoin value

Costs go significantly upwards -> Bitcoin value is bound to follow -> BTC value doesn't follow, miners are stopped or moved over alternative cryptocurrencies
Bitcoin value drops -> Miners are being stopped or moved over to alternatives -> Mining costs go downwards
Bitcoin value increases -> More miners will be purchased -> Mining costs go up -> BTC Value eventually follows

Very simple really.

Even hosting business has diminishing returns, yet, that industry is larger than ever, growing at ever growing pace.
Same for networking business (Those who lay the fiber), returns are diminishing, yet they continue on investing

Infact ... Almost every single business follows the same pattern of diminishing returns, for some industries, it's the inflation which does it, and for most technological innovation
When the diminishing returns and growth reaches an equilibrium -> There is barely growth, and the returns don't diminish significantly anymore, it's called a mature industry. ie. farming is a mature industry
When the returns diminish faster than growth it's a industry dying, the MAFIAA would like you to be believe entertainment industry is like so, but they are in a huge growth period right now.
Gone industries in the past are things like steam engine builders (barely any steam engines are being produced today), automotive phones (everyone has a cell phone, and having a phone just for the car doesn't make any sense, it was a fad to begin with), and what else has gone by the way of technological innovation.

If the diminishing returns is stopped, innovation is stopped, progress is stopped.

I think eventually bitcoin mining will reach a stage where it's roughly 2 years for hardware break even including operational costs, and the additional years is your profit. That's when ASIC manufacturing has reached the same processing node and complexity as CPUs today and been there for a significant time. and we are there already, with newest chips being 28nm, just like the latest AMD CPU series - intel is at 22nm now.

It is possible that large processing node, like 65nm ASICs will stay marginally profitable even then for some time - when compared to electricity and human resources costs.

As a comparison point i'm using dedicated hosting industry, some 5 years old servers are still being sold today, and many are in production still todate.
Hell, the bulk of our cheapest option is with Q1'10 launched CPU, and we are still taking high end servers into use older than that (Intel L5520, which is 45nm) :)
Tho, in our use every single drive is new and minimum 2Tb size, not decade old models :) Lifespan for those is 3years and then phase out, 60%+ is expected to survive the 3 years, and target average lifespan of disks is 3years, so there will be some disks being used for more than 4 years, but a marginal group.

Comment: Re:Magic the Gathering Online Exchange (Score 1) 249

by Skal Tura (#46194671) Attached to: Bitcoin Plunges After Mt. Gox Exchange Halts Trades

Mt. GOX withdrawals has been almost non-existant for the last year already, not for BTC side, but for FIAT side.
You had to wait 6+ months for withdrawals to go through, plus they took hidden charges they claim they don't take, don't provide receipt for that neither.

There are plenty of other exchanges, such as Bitstamp and BTC-E, they work just fine.
You can also go to localbitcoins.com and exchange for hard cash with someone in your local area.

As for BTC being a fad, you clearly don't understand the whole concept with it's all not-so-small details, what it means to the world and to the people.

Comment: Re:Magic the Gathering Online Exchange (Score 1) 249

by Skal Tura (#46194643) Attached to: Bitcoin Plunges After Mt. Gox Exchange Halts Trades

FIAT currency value is 100% faith based, there's no backing etc.
If people decide today that dollar is valueless, the only value remaining is paying taxes, but if nobody accepts dollars anymore ....

Currently most, if not all, FIAT currencies are basicly money printing presses for the goverments, that's why we got so much inflation.

Comment: Re:Gold has value in a working economy (Score 2) 249

by Skal Tura (#46194641) Attached to: Bitcoin Plunges After Mt. Gox Exchange Halts Trades

So you decided to skip the whole value as a tool aspect.
Great trolling there :)

Sure, bitcoin has no uses what so ever at all - then why the f* have people bought them in the first place :)

Anyone not knowing:
Bitcoin offers the greatest value there is: Freedom.
Freedom to move value how you wish, where you wish, when you wish, without anyone stopping you and at a low cost to boot.

If that is not value - human kind has already lost, and 1984 has become reality for the elite better than they could have ever hoped for.

Comment: Re:Magic the Gathering Online Exchange (Score 1) 249

by Skal Tura (#46194613) Attached to: Bitcoin Plunges After Mt. Gox Exchange Halts Trades

there is far far far less bitcoin than there is gold, and there always will be far far far less bitcoin than there is gold. Limited to 21million coins.

Bitcoin has built in appreciation - again - limited supply. It has built in appreciation because after some gain so much, others want to join the boat as well, bitcoins get lost and misplaced etc. The supply is dwindling, while demand is growing - built in.

Supply is dwindling because of the finite supply, lost bitcoins.
Demand is growing because more people learns about it, and wants low cost fast international transfers without arbitrary rules, regulations and the chance of someone stealing the money, with VISA, Goverment, Paypal etc. your money is *always* in danger.

Because you say that bitcoin is basicly a bubble tells that you are looking for one or two things:
- To affect the price so you can buy more
- Or you don't understand the concept nowhere close how well you think you do

Comment: Re:heating building and burning fuel (Score 2) 250

by Skal Tura (#46183125) Attached to: The Bitcoin Death Star: KnC Plans 10 Megawatt Data Center In Sweden

Economies of scale at play.

If visa had 1/100th of the users, they still would have most of the costs and energy expenditure related - since their main energy expenditure is not the computing power.

Bitcoin is still small - just wait until it grows a bit more, since the energy expenditure per transaction expands by the hashing over and nothing else. It will eventually level off.

Besides, this point is moot.
The operational differences in bitcoin as a value totally exceeds the expenditure in energy consumption.

Unless you happen to be one of those who likes their money depreciating, arbitrary limitations, someone snooping on your payments and very high transaction costs

+ - Ask Slashdot: Can some of us get together and rebuild this community? 21

Submitted by wbr1
wbr1 (2538558) writes "It seems abundantly clear now that Dice and the SlashBeta designers do not care one whit about the community here. They do not care about rolling in crapware into sourceforge installers. In short, the only thing that talks to them is money and stupid ideas.

Granted, it takes cash to run sites like these, but they were fine before. The question is, do some of you here want to band together, get whatever is available of slashcode and rebuild this community somewhere else? We can try to make it as it once was, a haven of geeky knowledge and frosty piss, delivered free of charge in a clean community moderated format."

Practical people would be more practical if they would take a little more time for dreaming. -- J. P. McEvoy

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