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Comment: Re:Epic? (Score 1) 330

by MyFirstNameIsPaul (#40122997) Attached to: Hacked Bitcoin Financial Site Had No Backups
Every day roughly 5 million bitcoins are sent, so every other day an equivalent of more than all of the bitcoins in existence are traded. So on a day when $25,000,000 worth of bitcoins were traded, $87,000 worth were stolen. To me, this is quite insignificant and certainly not indicative of any elevated risk. We could extrapolate this out further and say that in a 6 month period $4,500,000,0000 worth of bitcoins were traded and $87,000 worth were stolen.

Comment: Re:And nothing of value was lost (Score 1) 330

by MyFirstNameIsPaul (#40122861) Attached to: Hacked Bitcoin Financial Site Had No Backups
I don't think you understand why people use Bitcoin in the first place - it's used to reduce online transaction fees. A virtual cash that crosses all international borders. It's not for investing in. This is why stability helps with spreading its use, and this is happening. This article demonstrates how spikes in volume are no longer having much of an affect on the exchange rate.

Comment: Re:Admiral Rickover (Score 1) 228

I thought one of them was from propeller shaft seal or seawater pump or something like that, but yes, the Naval Nuclear Power Program has more critical hours than anyone else and has never had any serious accidents, and certainly never released any fuel or fission byproducts to the environment, although procedurally they used to dump some pretty nasty stuff back in the day.

Comment: Re:Had bad experiences when I was 22 and in port t (Score 1) 228

I was surface, but I imagine like most extended drydock maintenance periods there were holes cut in the hull either for repair or to allow for certain maintenance to be performed. Since they were in the yards, I'm amazed an Oxygen or acetylene tank didn't explode. One thing I do wonder about is what is there for fuel? On the ships I was on, maybe a chair could burn or a desktop, but there really wasn't much else to fuel a fire unless it was an electrical fire or a liquid fuel fire.

I thank God I was never stuck in no-fuck.

Crime

Ten Cops Can't Recover Police Chief's Son's iPhone 1

Submitted by
Hugh Pickens writes
Hugh Pickens writes writes "The Oakland Tribune reports that when Berkeley police Chief Michael Meehan's son's cell phone was stolen from a school locker in January, ten police officers were sent to track down the stolen iPhone, with some working overtime at taxpayer expense. "If your cell phone was stolen or my cell phone was stolen, I don't think any officer would be investigating it," says Michael Sherman, vice chairman of the Berkeley Police Review Commission, a city watchdog group. "They have more important things to do. We have crime in the streets." But the kicker is that even with all those cops swarming around looking for an iphone equipped with the Find My iPhone tracking software, police were not able to locate the phone. "If 10 cops who know a neighborhood can't find an iPhone that's broadcasting its location, that shouldn't give you a lot of confidence in your own vigilante recovery of a stolen iProduct," writes Alexis Madrigal. "Just saying. Consider this a PSA: just buy a new phone.""
Bitcoin

BitInstant rolls out cash deposits at Wal-Mart, 7-11, and more->

Submitted by
hawkeyeMI
hawkeyeMI writes "One of the most difficult things about using Bitcoin, the peer-to-peer currency, is getting sovereign currencies into the exchanges. A company called BitInstant has been trying to remedy that for some time, but today has launched the most accessible methods ever for getting USD (and other currencies) into popular exchanges. With their rollout today, one can now deposit cash from Wal-Mart, CVS, 7-11, MoneyGram, and many other locations in the USA, in addition to the major banks they previously supported. Note: although I am involved with Bitcoin I do NOT have any relationship with BitInstant."
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