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Comment: Re:I'm Not Convinced (Score 1) 292

by xate (#45657245) Attached to: JPMorgan Files Patent Application On 'Bitcoin Killer'

It's not at all clear from the story that JP Morgan's patent copies Bitcoin. The patent says nothing about the transactions being stored to a Distributed P2P Network. Paying bills anonymously with zero transaction fees and competing with Western Union are hardly the areas in which Bitcoin distinguishes itself from other EFT systems.

And BitCoin is not anonymous. I don't think this is directed at BitCoin or more than slightly related. I think that the BitCoin-mania has distorted someones perception.

Comment: Re:Explain "Private" (Score 2) 537

by xate (#45549001) Attached to: Why Bitcoin Is Doomed To Fail, In One Economist's Eyes

Just as gold and silver standards which was always "privitized" and was never a "tool" that was "centrally owned" by one figure.

I'm pretty sure that there is an argument that gold and silver, as far as macroeconomics is concerned, has been "public" and centrally controlled for a long time.

Comment: You guys are forgetful (Score 1) 158

by xate (#41005163) Attached to: Inside a Ransomware Money Machine
http://it.slashdot.org/story/12/06/20/0424242/why-nigerian-scammers-say-theyre-from-nigeria

"According to research by Cormac Herley at Microsoft, scammers are looking for the most gullible people, and their crazy emails can help weed out people who are savvy enough to know better. "

Everyone above this line was either troll or trolled except "tsu doh nimh" which I'm pretty sure is this vietnamese gentleman's real name.

"Of course power tools and alcohol don't mix. Everyone knows power tools aren't soluble in alcohol..." -- Crazy Nigel

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