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Comment: Re:Welcome to the real world (Score 1) 290

by SpankiMonki (#48821371) Attached to: Bitcoin Volatility Puts Miners Under Pressure

So, Bitcoin wil be subject to volatility, like every other currency and precious metal in history, and that will cause troubles for the people who actually extract the stuff. Who (aside from anyone in the mining business) knew?

The problem with bitcoin is its volatility relative to other currencies. Combine purely speculative/thinly traded exchanges with a lack of an underlying economy of any note, and that's what you get.

Comment: Re:Meaningful Competition? (Score 1) 97

I don't see how a government takeover will enhance competition.

Can you point me to where in any of the linked articles this coalition is talking about takeovers? I've assumed that their goal was to offer a competing service to the telcos, not to takeover any existing telco service(s).

Nothing will ever be attempted if all possible objections must be first overcome. -- Dr. Johnson