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Comment: Re:I read the comments ... (Score 1) 254

by leonbev (#49285185) Attached to: Evolution Market's Admins Are Gone, Along With $12M In Bitcoin

I think that the difference here is that some people (who didn't do their homework) actually thought that Mt. Gox was legitimate organization that could be trusted with their Internet funny money.

Anyone using these black market sites knows what they are doing isn't legal and should accept the risk that their bits are going to go "poof" someday and they have no legal resource when it does.

Comment: Apple Pay has been a disappointment so far (Score 1) 230

by leonbev (#49188559) Attached to: Will you be using a mobile payment system?

I tried using Apple Pay on my shiny new iPhone, but it's been a failure so far. I couldn't get my Bank Of America card to successfully add to my Passbook, and the fingerprint reader wouldn't work when I tried to pay for my lunch with another card.

I think that I'll want for the next iOS version before I bother trying this again.

Comment: Re:Tsk. And they wonder where employee loyalty wen (Score 1) 331

by leonbev (#48978189) Attached to: Massive Layoff Underway At IBM

The problem is that management doesn't always have a clue who's a top performer or who's not. Many IBM'ers rarely see their managers now, because they work from home.

That means that lots of good employees get canned, and the lazy employees who took credit for their work keep their jobs.

Comment: Re:This thread will be a sewer of misogyny (Score 3, Insightful) 779

by leonbev (#48961197) Attached to: WA Bill Takes Aim at Boys' Dominance In Computer Classes

Did you ever think that women are too SMART to consider a Computer Science job? While the (mostly) guys in the field are pulling all-night marathon coding sessions to meet unreasonable shipping deadlines and worrying about their job getting outsourced overseas, many women are still going after cushy union teaching jobs.

Why? Because most teachers have a 35 hour work week, 12 weeks of paid vacation every year, and practically guaranteed job security and retirement benefits once they're tenured after a few years.

We're the morons here, people.

Comment: Re:Useful changes (Score 4, Insightful) 55

by leonbev (#48861889) Attached to: Jim Blasko Explains BitCoin Spinoff 'Unbreakable Coin' (Video 1 of 2)

A low inflation rate kind of kills the motivation to "mine" the coin and help the transaction network run, doesn't it? One of the reasons why Bitcoin (and the clones like Litecoin and Dogecoin) popular is that the early adopters could get a bunch of it while it was cheap and then watch it quickly go up in value.

I might be willing to devote about of $100 of power/time/compute cycles for a cryptocurrency that might be worth $500 a few years from now. If I knew that the currency was going to be worth $110 (best case scenario!) a few years from now, I'm not going to waste my time.

Comment: Re:"Free Market" religion (Score 1) 182

by leonbev (#48849195) Attached to: Republican Bill Aims To Thwart the FCC's Leaning Towards Title II

You say that like every Mom and Pop shop in the world has the resources to set up and support their own multi-million/billion dollar metropolitan fiber network.

Yes, competition will be easier with Title II, but it's not going to happen quickly. Plus, you're still going to have some rural areas where there simply isn't a large enough customer base to support multiple profitable ISP's.

Comment: Re:Nothing has been lost! (Score 3, Interesting) 290

by leonbev (#48822285) Attached to: Bitcoin Volatility Puts Miners Under Pressure

The problem is that Bitcoin doesn't really work as a currency when the price is wildly swinging by over 25% in a single day.

Could you imagine being a store that only sold their goods with Bitcoin? They would have to reprice their entire inventory every hour to insure that they are making a profit on what they're selling!

Instead, most businesses that take Bitcoin have to use a service like Bitpay peg the Bitcoin transaction price to something more stable like US dollars. Even then, the Bitcoin exchange services are taking a big risk that the Bitcoin to USD price isn't going to suddenly fall. I'll bet that those services will soon need to increase their fees or offer more favorable exchange rates for themselves to stay in business.

The meat is rotten, but the booze is holding out. Computer translation of "The spirit is willing, but the flesh is weak."

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