what happens when, say, Google, comes along with their own digital currency and offers lower (or even no) transaction fees?
Outside transaction fees, let look at some of the advantages bitcoin has over this theoretical googlecoin.
- Chargebacks. I expect any googlecoin is going to work more like paypal than bitcoin. If transactions are not reversible, why is a vendor going to accept googlecoin over bitcoin? They can already accept credit cards or paypal, which have this feature.
- Distributed accounting. Is google going to run the entire accounting system? Why should I trust them any more than the Federal Reserve to not inflate their currency? If the accounting system was truely distributed, why would I participate without compensation?
- What happens when google or one of their friends don't like your politics or actions? See wikileaks and how Visa, Mastercard, PayPal and other payment processors stopped processing payments to them.
- Do you think you are going to be using googlecoin without providing government issued ID? We already know they are giving your personal data to the US government and cannot tell you about it. Transaction data for googlecoin will be going right along with your email, IM, and text messages.
I do ATM
You might want to spell out the acronym in that context.
they keep rehashing the same games over and over again
And this doesn't happen with Sony and MS platforms? I'm sure we'll see new incarnations of Madden, Battlefield, Halo, Call of Duty, Gears of War, Need for Speed, Forza, etc soon enough
the coin went from user A to Silk Road and then to a bunch of random wallets and back out to user B, and user C who was the person who sold the item got a different one
Except that Silk Road, or any other user, can create an effectively infinite number of addresses to send and receive the coins. A user doesn't have to give their SSN, drivers license, and proof of residency to get a new address. Knowing how many coins are at any given address is indeed part of the bitcoin protocol. Knowing who controls the keys for that address is not part of the protocol, and it requires additional work to find the data NOT in the blockchain to understand.
So User A sends coins to a unique address at SR, where it gets thrown in the pool, sliced, diced, and chopped, and reconstituted, then goes out from another unique address to User B.
Granted, if you capture a wallet, you now know a group of address and CAN backtrack through the blockchain to understand who some of the players were in previous transactions. Is bitcoin anonymous? No. Does it allow a user to make it difficult to keep track of what they are doing, and with whom? Yes. Does some three-letter agency have a tool that tries to map those associations, I'd bet a bitcoin on yes.
This is what makes money laundering possible...BitCoin is not like this
It can be. Services exist that allow you to put your bitcoins in, have them mixed repeatedly with other users bitcoins, and get back different bitcoins. Silk Road had this feature built in, the user didn't have to ask for or configure it.
what IP address owned that wallet at the time
What is the IP address of a piece of paper?
All the ranting of Theo de Raadt doesn't seem so paranoid anymore.
Technology advancements in five major areas are necessary for an integrated weather-modification capability: (1) advanced nonlinear modeling techniques, (2) computational capability, (3) information gathering and transmission, (4) a global sensor array, and (5) weather intervention techniques. Some intervention tools exist today and others may be developed and refined in the future.
I would suggest that significant advancements have been made in all of those areas.
I am not a meteorologist, but it seems like the ability to significantly alter any particular weather event could come from the ability to selectively heat a specified area of the atmosphere. That seems right in line with the claims in the patent.
Seriously, to add some content to my snark. Until internet speeds reach parity with access to local resources, web apps will always be second class compared to a similar application running locally.
Where are my mod points when I need them?
Microsoft already gave that up for you