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Comment: Re:My take is different (Score 1) 39

by Kobun (#48871255) Attached to: Jim Blasko Explains 'Unbreakable Coin' (Video 2 of 2)
I haven't looked in-depth, but I'm guessing that the companies that are accepting bitcoin payments are behaving more like a foreign currency exchange transaction. The thing being purchased is priced only in the local currency, and they will happily take something else in payment for a small fee for what it will cost them to convert that payment into local currency. All of the chocolate that I bought in Germany at the airport with dollars, for example.

Comment: My take is different (Score 2) 39

by Kobun (#48870923) Attached to: Jim Blasko Explains 'Unbreakable Coin' (Video 2 of 2)

(On the other hand, if large companies will accept it in payment, they've probably got an idea that a given currency will be around next month or next year.)

I don't think this is the most likely answer. Most likely is that the big companies have an instant exchange set up where a purchase made in bitcoins is immediately converted to dollars, and they charge their customers a small transaction fee in the form of an exchange rate difference.

Comment: And five minutes later... (Score 0) 238

by Samantha Wright (#48858215) Attached to: Google Thinks the Insurance Industry May Be Ripe For Disruption

...Someone from the back row shouts out "Because our AdSense profile has determined you were visiting websites about cigarettes recently, your health insurance premium has gone up by 5% and you will probably die slightly sooner. Remember, [i]f you have something that you don't want anyone to know, maybe you shouldn't be doing it in the first place!"

Is it cynicism if you're just using a Markov chain to predict what other Slashdotters will say?

(Although obviously this is auto insurance, so I'm sure someone can translate the threat appropriately.)

Comment: Re:Anonymity (Score 1) 480

by Kobun (#48795753) Attached to: How Bitcoin Could Be Key To Online Voting
There's not a single thing in what you've written that requires you to vote from home, instead of at a polling place with election observers.

I will also tell you that from 3 decades of watching this stuff I believe that you've put yourself at the mercy of the propaganda people. They are the ones who retain, manipulate, and present the information that you are election-night-cramming on. Off the top of my head I can think of a dozen examples of candidate-selection-altering events that, when I go back later to see what history has had to say, are entirely missed, glossed over, or are otherwise mischaracterized.

In summation (not to the parent at this point) - get yourself to a town hall meeting or two sometime, and get off your lazy butt and walk to the post office or a polling place.

Comment: Re:Conflating Issues (Score 1) 480

by Kobun (#48795117) Attached to: How Bitcoin Could Be Key To Online Voting
But this isn't about "no votes". Low turnout needs to be addressed while repeating the mantra "correlation is not causation". Until the true root cause(s) is/are understood, just doing something isn't a good approach (and will likely be a "something" that slimeball politicians will use to abuse voters futher).

Comment: Re:Anonymity (Score 1) 480

by Kobun (#48794759) Attached to: How Bitcoin Could Be Key To Online Voting
You're going to do your vote research AT THE TIME OF VOTING? Are you nuts? Politicians lie pretty much ... constantly. Are you really going to trust the single site presented to you by whoever runs the voting system as an unbiased source of information?

Your argument that "it simply takes too much time to do the research" reads to me as an admission of being uninformed. Your statements preceding that set off every alarm in my system for propaganda abuse.

Do your own research. If you care about an issue watch your local, state, and national politicians over time and keep track of what they DO, not just what they SAY.

Money cannot buy love, nor even friendship.