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Comment Re:Hotmail's whitelist is an effective system (Score 1) 55 55

As a customer it may be good but as a sender it's terrible. I'm sending thousand of email per day, never got a single issue except Microsoft domain that relies on the crappy Symantec spam detector. Once in a while our IP get listed there (probably because a spammer is in the same block as me). When you contact M$, they are clueless, after day they said it's Symantec. Symantec is clueless about why we get there. They can't point out a single spam email. They remove our ip. Then we get listed again a couple week later. Rince and repeat.

Comment Of course they can (Score 5, Informative) 71 71

Of course the foundation can mine more bitcoin, just like you do or anyone can. But it's pretty dam hard in terms of computing power needed. Nobody control Bitcoin and this foundation is nothing more than people with the name, they have no control over the money supply nor the rules that drive bitcoin.

Comment That was not really an exchange (Score 3, Interesting) 53 53

This "exchange" promise great return, wasn't listed in the huge directory of exchanges http://exchangewar.info/. This "exchange" didn't have any API for automation and arbitration. Lets just call this exchange a ponzi scheme. There is those get rich quick scheme everywhere... also in the bitcoin universe.

Comment "it could be shut off" (Score 1) 134 134

You said "Yes I understand that was BC's whole thing" and "it could be shut off". Get back to white paper and understand why Bitcoin CAN'T be shut of. The same way you can't shut off torrent, email or TCP/IP. Protocols do not die or get "shut down", once invented they are either used or not.

Comment PayPal steal your bitcoin (Score 1) 134 134

Indeed, if you don't hold the private key, then the bitcoin are not really yours. Paypal can and will prevent some big transaction or some transfer to some company (gambling/sex/drug/weapon/investment/risky business) and some countries blacklisted by the US Gov. But that doesn't affect much Bitcoin. Paypal just add one convenient way to reach thousands of company that will be able to accept it right away.

Comment Re:Can someone clarify the state of BitCoin? (Score 2) 134 134

Bitcoin use the same cryptography that SSL, certificate and most every encryption system (Private & Public key). If you managed to crack this you got a lot more than just bitcoin, you got access to almost everything on the planet. The data inside the blockchain are not encrypted at all, the encryption is only used to prove you're the ownership of an address (so you can transfer the Bitcoin to another).

Comment JAVA EE is not dead. (Score 0) 371 371

You means Java try to follow C# only adding same features couple years after? C# is open source (http://referencesource.microsoft.com/) both the framework and the compiler and ECMA and ISO standard. Java have none of that. Many companies can develop competing runtime environment (mono) with help of Microsoft while in Java you get sue. http://arstechnica.com/informa...

Comment Until dell can pay it's bills with Bitcoin.... (Score 1) 152 152

Of course they are converting it, but if they have a supplier in China that will accept Bitcoin too and they want prefer using Bitcoin to save days and thousands of $ in processing fees. Have you ever done an international wire transfer? It's long and painful while Bitcoin is free and instant. Nobody expected the market to change at once, just like the email didn't remove all fax machines at once, but 1 at the time.

Sometimes, too long is too long. - Joe Crowe