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Bitcoin

With Euro Zone Problems, Bitcoin Experiencing Boost In Legitimacy 430

Posted by Soulskill
from the any-old-port-in-the-storm dept.
derekmead writes "Despite being used for drugs and beef jerky, Bitcoin is finding legitimate purposes. Bitcoin's decentralized convenience means international efficiency, in areas where local restrictions on money transfers to foreign companies make legal businesses cumbersome. 'I've been able to have cash in my bank account in a matter of hours using Bitcoin, rather than three days with traditional banking,' one British businessman in China told Reuters. In embattled Europe, Bitcoin offers some a viable alternative against central banks, said a Greek owner of an island bar and restaurant who accepts payment in Bitcoin. 'I don't put money in the banks. I trust the euro as a note, but I don't trust banks. I don't want them making money out of my earnings.' Indeed, Europe's financial woes are caused an unprecedented surge of interest in the alternative currency, as the continent loses economic credibility with each new bailout, according to a report by the Financial Post."

Comment: Re:Yes. (Score 1) 408

I respectfully disagree, for a number of reasons. 1) The cold war taught us that the one-upmanship of weapons proliferation as a defence is a bad idea. (The more missile defense are built, the better the weapons become to counter that defense.) 2) The insane budget required for these systems could be used for {'homeless', 'healthcare', 'foreign aid', 'research',...} 3) Some long drawn-out & pointless argument about weather the US could sustain a war against China...

Comment: Re:$60 games? Luxury! (Score 1) 435

by spyder-implee (#39348339) Attached to: Can $60 Games Survive?
How does Australians making double their American counterparts justify an equivalent price increase on an identical product? It sounds like what you're implying is a secondary exchange rate available for game publishers. The problem is quite simple. If I buy Skyrim on Steam, I get exactly the same product as my Canadian friend, but at double the cost. Tell me where the justification for the increase comes from...

Comment: Re:300 Acceptable? (Score 1) 396

by spyder-implee (#39270473) Attached to: Ask Slashdot: What Is an Acceptable Broadband Latency?
As long as our nationwide fiber network stays on track, I'm optimistic we'll be able to game at much lower latency's than now. I friend of mine lives in one of the test suburbs for the fiber network and he averages 40-70 ping to American servers (from Melbourne, AU) so if that's anything to go by, things are looking great. Although typically I wouldn't thought pings were as bad as 300-400, I know it depends on a lot of things, but I'd say around 200-250 is my average ping to the US on my ADSL connection.

Comment: Re:corporate responsibility (Score 4, Insightful) 334

by spyder-implee (#39029131) Attached to: Apple-Approved Fair Labor Inspections Begin At Foxconn
If apple is a leader in worker exploitation (and I'm not saying they are), they should also lead in cleaning it up. At any rate, which ever way the fanboys or haters spin this, I'm just stoked & hopeful that it will raise the quality of working conditions for the employees at Foxconn.

This is clearly another case of too many mad scientists, and not enough hunchbacks.

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