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BitCoin Gets a Futures Market 467

Posted by timothy
from the prices-are-information-units dept.
fireballrus writes "There is one more way to use your BitCoins rather than buying weed or socks. Recently, a Bitcoin Exchange called ICBIT quietly introduced a futures market, obviously using Bitcoins as its main currency. Gold futures trade roughly at 137 BTC/tr.oz and Sweet Crude Oil at 7.3 BTC/bbl. This may play a positive role in the Bitcoin economy which needs more ways to actually use coins instead of mining them." While this sounds intriguing, I'd like to hear a good case for why BitCoin makes sense in this context.

Comment: Similar work exists (Score 2) 25

by madboson (#40517529) Attached to: UK Universities Launch Cloud Supercomputer For Hire
This sounds just like the former teragrid and open science grid projects. Both of which saw reasonable useage from the scientific community. These things worked well for two reasons, one it is easy to get time on them for small research groups. Second, they allowed cluster owners to offer up idle cpu time to the project. A net win for every one.

+ - Miami Heat owner sues Google, blogger over 'unflattering' photo->

Submitted by
Ian Lamont
Ian Lamont writes "Ranaan Katz, a minority owner of the Miami Heat, has filed a copyright suit against Google and a blogger using Google's Blogspot service after the blogger posted an unflattering picture of Katz. The photo was taken at a basketball game, but the blog post that contains the picture alleges a "fraudulent scheme" involving Katz's commercial real estate operations. According to PaidContent, "This is the second time that Katz has sued the blogger. Last summer, Miami news outlets reported that Katz filed a defamation lawsuit against “John Doe” over critical blog posts. That lawsuit appears to have failed, likely on the grounds that Katz is a public figure and that US law is reluctant to chill free speech. The copyright lawsuit, therefore, appears to be a backdoor for Katz to go after the blogger all the same.""
Link to Original Source

+ - Hotspot of accelerated sea-level rise on the Atlantic coast of North America->

Submitted by Harperdog
Harperdog (1754264) writes "Nature just published this study of sea-level rise (SLR) and how global warming does not force SLR to rise everywhere at the same rate. Interesting stuff about what, exactly, contributes to this uneven rise, and how the East Coast of the US, which used to have a relatively low sea level, is now a hotspot in that sea level there is rising faster than elsewhere."
Link to Original Source

Comment: Re:Open Access and Old Business Models (Score 1) 220

by madboson (#39426813) Attached to: Boycott of Elsevier Exceeds 8000 Researchers
The problem here is not all research groups are equivalent. In theoretical physics, $1500 is allot of money, half a summer salary for a graduate student in fact in many places. It would bring the publication count down quickly if this was indeed the norm, and bring the length of articles up as people would shoe horn two or three letters into a full article. One could argue one way or another on this fact.

Comment: Re:Data retention policies (Score 1) 253

by madboson (#28158803) Attached to: How Common Is Scientific Misconduct?
That law sounds like a real waist of government resources to me. Any reasonable scientist will keep records of his data and how he analyized the data for as long as possible anyway. The point of that being, if your asked for more information or wish to further that idea in later work, then you will need it available! Also I fail to see how (a law) keeping data forever helps in the prevention of dishonest science? You have a question of an author, you send an email asking it. The making public part would perhapse be helpful when the author in question is obstinant, but think about it. Having just the raw data is not going to be that helpful if your trying to see if someone fabricated the data to start with!

How much net work could a network work, if a network could net work?