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Comment: The new 0.01%? (Score 1) 583

by haeger (#43317147) Attached to: Bitcoin Currency Surpasses 20 National Currencies In Total Value

https://bitcointalk.org/index.php?topic=48521.0
From 2011.

As best I can tell 35.5% of all bitcoins have already been minted. These 7,473,950 coins are all property of existing bitcoin users. There seem to be about 41,280 registered members of this site. I'll be generous and say there are ten times as many bitcoin users as there are members. That means about 410,280 bitcoin owners with on average 18 BTC each. Clearly BTC ownership is more concentrated than this, but lets be egalitarian for the moment.

If we pretended all bitcoin owners were all Americans that is about 0.13% of the population. It's not of course. Bitcoin is intended to be a world currency. So 0.0068% of the world population own 100% of all current and at least 35.5% of all possible bitcoins.

The view on this forum is that the world will come to their senses, throw out fiat currencies and move to something rational like Bitcoin. This of course means 6,000,000,000 people basically begging to use a resource owned by a relative handful of people. Say we just minted up the remaining 13,526,050 BTC and scattered them to late adopters purely out of the kindness in our hearts. That means about 0.00225 BTC for each of them to use in rebuilding their economy. Sure 18 BTC on average doesn't make us feel very rich. But it is 8,000 times what everyone else would have if we stopped competitive minting today.

But we won't stop competing of course. Sometime around Pearl Harbor Day of next year Bitcoin will hit the 50% distributed mark.

----
By that day, how many active Bitcoin users and daily goods trades do there need to be to make a sustainable Bitcoin economy viable?
----

Because to potential new adopters, after that point Bitcoin is going to look like a new a 21,000,000 coin currency with a 10,500,000 coin pre-generation that went to the creator and his "friends". Certainly people will stop caring about Bitcoin long before they show up on our doorsteps with signs saying,

"We are the 99.9932%!"

Comment: Nutritionfacts (Score 1) 470

by haeger (#42372233) Attached to: Specific Gut Bacteria May Account For Much Obesity

A page about nutrition and what science has to say about it. All videos have links to the original research so that you can check that the good Dr isn't making shit up.
There are a few videos about endotoxins and their effect. Feel free to have a look.
http://nutritionfacts.org/index.php?s=endotoxins

The guys solution is probably not what most people have in mind.
So far I haven't seen anyone well researched refute the guy.
This was the video lecture that got me interested in what he had to say: http://nutritionfacts.org/video/uprooting-the-leading-causes-of-death/

Science

+ - Baltic Sea UFO/USO disables electronic equipment: Mystery deepens-> 2

Submitted by
Kilzfire
Kilzfire writes "Update on the Baltic UFO/USO: The world has been waiting for more than a week for some more information, pictures, or video from the Ocean X team and their latest Baltic Sea diving expedition. The Ocean X team last posted an update on 6/15/2012. Only three pictures have been repeatedly displayed on news sites of what was found at the bottom of the Baltic Sea. As it turns out allvoices.com is reporting that the cameras and satellite on the ship stop working when close to the object. For a strange object made of stone that is not a UFO it does seem to interfere with electrical equipment."
Link to Original Source
Businesses

+ - Tech Manufacturing is a Disaster Waiting to Happen 2

Submitted by
Hugh Pickens writes
Hugh Pickens writes writes "Peter Cochrane writes that since globalization took hold, geographic diversity has become distorted along with the resilience of supply so we now have a concentration of limited sourcing and manufacture in the supply chain in just one geographic region, south-east Asia, amounting to a major disaster just waiting to happen. "Examples of a growing supply-chain brittleness include manufacturers temporarily denuded of LCD screens, memory chips and batteries by fires, a tsunami, and industrial problems," writes Cochrane. "With only a few plants located in south-east Asia, we are running the gauntlet of man-made and natural disasters." Today, PCs, laptops, tablets and smartphones are produced by just 10 dominant contract manufacturers spearheaded by Foxconn of Taiwan, which manufactures for Apple, Dell, HP, Acer, Sony, Nokia, Intel, Cisco, Nintendo and Amazon among others and the bad news is many of the 10 big players in the IT field are not making good profits so economic pressure could result in the 10 becoming seven. The problem is that economic theory and practice isn’t working and "making judgment calls using simplistic models of supply, demand, price and profit is far too crude a starting point," concludes Cochrane. "We need to include resilience, survivability, sustainability (PDF), people and ecological impact in the equation.""

Comment: How's that supposed to work? (Score 1) 114

by haeger (#39941331) Attached to: More Plans For UK Internet Snooping Bill Revealed In Queen's Speech

Any decent criminal would use TOR or similar service, and the only data the ISP will be able to provide will be an encrypted bitstream, which will be difficult to decrypt.

So, since they're not interested in finding the criminals, why do they feel the need to spy on law abiding citizens?

Comment: Document Management System (Score 1) 25

by haeger (#39851147) Attached to: Book Review: Drupal Intranets With Open Atrium

Sadly there isn't a good DMS for drupal availible, and OpenAtrium doesn't seem to fix this either.
It would be nice to have a Document Management System that supports configuration management principles like "baselining", "tagging" and maybe even "branching". The system should understand documents (filetypes), support conversions, support collaboration (multi-user edit), support meta-tags etc and at the same time support Subversion-like operations to manage baselines.

Perhaps I was looking at the wrong product, but I was sort of hoping that OpenAtrium could help me out. Too bad it can't. And neither can stock-drupal it seems.

Comment: At what point does Bitcoin become protestable? (Score 1) 709

by haeger (#37763454) Attached to: Value of Bitcoin "Crashes"

This was posted by a member of the bitcoin forum. I think s/he has a point.
Not me, so I don't take any credit for it.

As best I can tell 35.5% of all bitcoins have already been minted. These 7,473,950 coins are all property of existing bitcoin users. There seem to be about 41,280 registered members of this site. I'll be generous and say there are ten times as many bitcoin users as there are members. That means about 410,280 bitcoin owners with on average 18 BTC each. Clearly BTC ownership is more concentrated than this, but lets be egalitarian for the moment.

If we pretended all bitcoin owners were all Americans that is about 0.13% of the population. It's not of course. Bitcoin is intended to be a world currency. So 0.0068% of the world population own 100% of all current and at least 35.5% of all possible bitcoins.

The view on this forum is that the world will come to their senses, throw out fiat currencies and move to something rational like Bitcoin. This of course means 6,000,000,000 people basically begging to use a resource owned by a relative handful of people. Say we just minted up the remaining 13,526,050 BTC and scattered them to late adopters purely out of the kindness in our hearts. That means about 0.00225 BTC for each of them to use in rebuilding their economy. Sure 18 BTC on average doesn't make us feel very rich. But it is 8,000 times what everyone else would have if we stopped competitive minting today.

But we won't stop competing of course. Sometime around Pearl Harbor Day of next year Bitcoin will hit the 50% distributed mark.

----
By that day, how many active Bitcoin users and daily goods trades do there need to be to make a sustainable Bitcoin economy viable?
----

Because to potential new adopters, after that point Bitcoin is going to look like a new a 21,000,000 coin currency with a 10,500,000 coin pre-generation that went to the creator and his "friends". Certainly people will stop caring about Bitcoin long before they show up on our doorsteps with signs saying,

"We are the 99.9932%!"

Link: https://bitcointalk.org/index.php?topic=48521.0

Comment: Host own servers? (Score 4, Interesting) 162

by haeger (#36504120) Attached to: Codemasters Shuts Down <em>GRID</em> Online Multiplayer

Sounds like a good thing if you don't do it like "Alien vs Predator" where it's bloody annoying to find anyone to connect to. You've got a lot of servers to choose from in friendly match, all with 1-3 players, and it takes forever for any game to start.
Ranked matches are even more annoying where you're stuck in a queue for a very long time until someone starts a server, and if the guy running the server isn't winning near the end of the match he'll just leave, and everyone is forced out.

Seems like making a good multiplayer is hard.

I actually have GRID for PS3. Too bad I didn't get to play online.

Bitcoin

+ - BitCoin price crashes-> 1

Submitted by Anonymous Coward
An anonymous reader writes "The exchange rate for Bitcoins has crashed after an account with over 500,000 Bitcoins on the popular Bitcoin exchange, MtGox, was compromised. The transactions from the compromised account caused the price to drop from US$17 to $0.01 in less than an hour.

A database dump of the usernames and passwords of MtGox accounts was also obtained."

Link to Original Source
Bitcoin

+ - MtGox.com Bitcoin trading site compromised-> 3

Submitted by Beardydog
Beardydog (716221) writes "Bitcoin trading site MtGox.com has suspended operations for the rest of the day after illicit access to at least one account resulted in a steep drop in the price of Bitcoins on the site. Commenters to the support page for the event are reporting that a list of usernames and associated email addresses and password hashes have been posted online. MtGox are currently planning to roll back all of the day's trading, email notices to all affected users, and require replacement passwords for affected accounts."
Link to Original Source
Medicine

+ - Infertile Daughter To Receive Uterus From Mother->

Submitted by
kkleiner
kkleiner writes "Led by Dr. Mats Brännström, a team of surgeons at the University of Gothenburg in Sweden are giving Sara Ottosson, now 25-years old, hope that she may one day fulfill her dream of giving birth to a baby. The uterus will come from a very special donor: Eva Ottosson, Sara’s mother. Sara’s operation will mark only the second time transplantation of a uterus has been attempted in humans, and the first time between a mother and daughter."
Link to Original Source

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