No no.. thank *you*.... Save the bitcoins for me...
It's a little flaky, but no more than systems you pay a lot of money for..
Of course, it really depends on how well it meets your requirements..
...but if you can get someone who's really good, and can also play nice with others, then I think it's well worth it. That's a pretty rare combo though.. Sometimes just because "others" sometimes won't play nice with people that are better than them because they're threatened..
If you ever have a problem of difficulty 8, and you've got a programmer of skill 7, don't even bother trying.. You're just gonna get a mess..
This has changed (slowly) over time.. You actually *can* dump a million USD in bitcoin without throwing the market all over hell now.. You *should* string it out over a couple of hours (or put up a wall and let the market do it for you) so that you get a reasonable price, but the market will take the direct hit as well at this point..
This very minute, if you were to sell of 10,000 BTC (a bit more than 1 million USD) in with an order that would sell immediately, you would push the price of BTC down by 5 cents. With their price in the $130 dollar range, that's actually not much of a fluctuation.
You haven't looked very hard (or at all) then.. I would think the average slashdot user would be able to find something they'd like to buy on www.bitcoinstore.com. I know it's hard because the name is so misleading, but they sell things that you can purchase with bitcoin. Oh, and the nice part is, they're actually often times cheaper than their USD equivalents because they save so much money by using bitcoin (no charge backs, and *tiny* fees compared to comparable USD systems (visa/paypal/mastercard)).
If the button were there, I'd use it.. Are you listening slashdot?
Mining with GPU's has a very limited lifespan as well now.. ASIC's are here, and taking over, and GPU's can't compete with them even a little.. Right now there may be a window because ASIC supply is limited, but not for long.j In a short time, it won't be worth the electricity. No matter what the price is, it will balance out that way, because ASIC is simply the most efficient way to do it (by far).
I got pizza delivered to the house the other night. It cost me 0.82 bitcoins. Pizza Hut got it there in about 35 minutes.
Of course, Pizza Hut doesn't support using bitcoins directly, but there is a proxy to make it happen... pizzaforcoins.com
Incidentally, the first well documented purchase of anything real using bitcoins was also purchasing pizza (years ago).. The purchaser spent 10,000 BTC to have 2 pizzas delivered. Later after the price of Bitcoin had shot way up, a journalist asked him if he regretted that.. He said something like "no way.. it was *REALLY* good pizza" (that he spent the then equivalent of $300,000 on).
Of course posting the answers to your questions in
Bitcoin's version of confirmation means that the transaction is set in stone. It's virtually impossible to conceive of a way that the transaction could ever be undone under any circumstances.
When you use your debit card at the store, this is not what you're doing or getting.
If you just want to know that someone had funds available, and has sent them to you, then you will find that out in a couple of seconds.. It's still theoretically possible (but pretty darn difficult) they they could also spend those funds elsewhere, and then you don't know if you're really going to get paid in the end or not. Not the kind of effort someone is going to go through to steal a coffee.
If you've purchased/sold a house, or maybe a car, then you probably want to hang out for a couple of confirmations.. I'd still say though that after two confirmations (somewhere from 10-20 minutes usually) you're probably pretty safe, even if you transferred a couple of million dollars.
Zero value for criminal prosecution.. The loss of family photos would end up in civil court I believe, and could possibly bring in millions depending on "harm" determined there..
Family photos that were stolen in a criminal case would probably have the same value any other random photo's fair market value (not much).
...but the money *is* data.. USD or BTC.. the money is just data.
Scientists from the National Oceanic and Atmospheric Administration just published a report in Nature Climate Change that details how a warming climate impacts the way we work, and the results are pretty clear—we do less of it. NOAA discovered that over the last 60 years, the hotter, wetter climate has decreased human labor capacity by 10%. And it projects that by 2050, that number will double."
Link to Original Source
Many people own USD and praise it's merits.. Not really insider trading. I'm not privy to Google announcing bitcoin support for google wallet or anything.
Also, I'm not trying to tell anyone to go invest in bitcoins. I actually don't think that people investing in it is in my long term interest. People using it is. I also think people using it is in their long term best interest as well if the project succeeds. I'm not a big fan of today's banking industry, and stories about LIBOR manipulation where no one goes to jail really aren't helping.
I was originally just trying to say that the jackasses that call anyone and anything relating to bitcoin fools and scam artists are well..jackasses.
It's true I have more incentive now, but I always thought it was a good idea otherwise I'd never have wasted nearly $20 on someone's pipe dream.
You're certainly correct though, if you're looking for an unbiased opinion, I'm certainly not a good choice.