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Comment Re:Missed the Boat? (Score 5, Insightful) 143

Which is why I've paid for cannabis[0], domainnames, VPSs and bountysources with it?

It was really volatile until people figured out what it was but it's no worse or better than any other currency. Try owning any random currency during government unrest. It's "collapsed" to all of ~$350. Which is still worth more than your Zimbabwe dollars.

It's still easier to carry $50 of BTC on my phone than $50 cash and if I lose my phone I can always just go grab the keys and send it to another wallet before the idiot that stole my phone figures out BTC. I can also 'back up' my money to multiple places. I have a few PGP encrypted wallets sitting on VPSes should my house burn down.

Coinbase has 2 factor auth for everything. I trust it much more than my bank that still uses 1 factor auth. It also looks like it was designed after the year 2010.

Log in to coin base? 2 factor. Send money over $X amount? 2 factor. Make any account changes? 2 factor.

Personally BitCoin is a bit too 'heavy'. The full chain is going on 100GB now and in my mind it's the crypto currency equivalent of Gold. Good for long term, but a PITA to deal with daily. I think OP has a valid question and I'd like to know if there are any other ones out there.

Personally I wouldn't care if Mastercard or Visa backed a currency as long as it could do faster transactions.

For a 'tech' website Slashdot seems to have its fair share of luddites. "NEW CURRENCY, PYRAMID SCHEME". Teach the kids to code. "IT'LL NEVER WORK, EVEN THOUGH I'VE BEEN CODING SINCE I WAS 4".

Calm down and evaluate it on a technical basis and it's not that bad, the 'easy' money is long gone but I never intended to get rich on BTC. It's just another currency like carrying around Euro or Pesos, except this one I can backup on a piece of paper, to a flash drive, or elsewhere.

There are also a lot of newer readers here. Reddit is bleeding users that want real discussion. Twitter is imploding and a cesspool. Even with everything slashdot has been through it's discussions on some topics are still better than anywhere else I've found on the web, StackExchange included.

If you're really convinced that the whole thing is a scam put up some numbers and reasoning other than just dismissing it as a pyramid scheme.

[0]. The dark net is kind of interesting, about where the interwebs were in the late 90s. no flash and javascript piazza. At times it actually feels faster than the normal web because of all of that.

Comment Re:Stupid design (Score 1) 122

This is design 101. We've been Poka-yoke-ing connectors in other industries for decades.

In fact, if you look through the datasheets for most components you will quickly realize that being able to survive reverse voltage is actually somewhat rare

Because you're supposed to build it in Most components only do one thing and do it well. You build your own protection circuit. The ECMs we use at work will take 1000V on any pin. Could you imagine how far your car would make it without any protection circuits built in?

Comment Re:That guy looks and sounds like a pompous ass (Score 1) 69

Really? Every single person makes judgements by personality traits alone (or at least primarily?)

I certainly don't. Such considerations aren't just pointless, they are wrong. Considering how politics is going, you can see the skillful liar and charmer scamming millions of people because he had a "better personality" than a better man, who wasn't quite as charming. So we miss out on someone who might be a good person in favor of a charming sociopath. All because of "personality".

How is that working out?

Comment Re:That guy looks and sounds like a pompous ass (Score 1) 69

People who view others simply by personality traits are missing out. Yeah, so the guy talks like an arrogant twat, is he wrong?

You see, your attacking him on something completely irrelevant, simply because it is easier than to actually discuss the merits of what he was saying.

Keep in mind, he may be brilliant or he may be a complete loon, I am not judging either here, just your rebuttal, which amounts to "Big Fat Ugly ... do not like", which actually makes you exactly who hate the most, an arrogant twat. ;)

Comment A few considerations: (Score 1) 383

In Apple's defense, it does seem reasonably plausible that the biometric sensor widget built into the 'home' button(and quite possibly the cable connecting the home button to the logic board) is a 'trusted' element of the system, in the 'the integrity of the system depends on this part performing as expected and not being malicious' sense of 'trusted'. So, I can see why it would be impossible or prohibitively difficult to keep the biometric authentication feature secure while also allowing random people to swap random hardware in to that part of the system.

However, what is a lot less clear is why(especially when many iDevices, including current-model ones, simply lack this feature entirely) 'security' demands that the entire phone be bricked, rather than just the biometric features flushing any private storage associated with them and leaving the phone usable as though it were a model without that feature. This might involve wiping all locally stored data, if the device encryption keys are tangled up with the biometric authentication feature's private storage; but it should still be able to function as though you had just restored it to defaults.

This also raises the question of whether, with the correct incentives, it is possible to induce authorized repair services to introduce malicious components when doing these repairs, and whether doing so would allow you to extract highly sensitive information. Since Apple-blessed repairs can apparently fix home buttons without destroying the handset, and since Apple's line is that tampering threatens the integrity of the authentication system, this seems like a natural place to try to get your malicious part introduced: much more likely that an authorized repair outfit exists in your jurisdiction than that Apple Inc. does; many more low-level techs you could potentially lean on; and home button repairs are a pretty common service request...

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