Comment Re:How is Norway going to know? (Score 1) 245
how is Norway going to know if the person doesn't self report?
Same way as they do for every other exchangeable item - sooner or later you have to turn it into real money to be able to use it.
how is Norway going to know if the person doesn't self report?
Same way as they do for every other exchangeable item - sooner or later you have to turn it into real money to be able to use it.
The IRS doesn't have access to bank accounts or other private financial transactions outside of a detailed audit.
That's what they want you to believe, so you think you're getting away with it.
They prefer *everybody* to be a criminal in one way or another. That way they'll have something on you when they need a 'favor'.
You mean my plans to build an Argon bomb and take over the world aren't going to work?
Damn.
I typed "IETF" into google and the very first hit was the answer.
If you don't know how to use google then I doubt you have anything useful to add here. Please move along to the next story.
HTTP Basic sends your password in clear text (base64).
True, but you're supposed to make an SSL connection before you send it.
I agree. But that's what makes this model useless. We shouldn't outsource trust to CA's, but push it to the users. Let them decide who do they trust.
Yes, most people are really good at making informed decisions based on complex technical information.
Not.
Oh, for a mod point.
A5 has been broken for *years*.
(Since 1994 according to wikipedia: https://en.wikipedia.org/wiki/A5/1#Security , with many improved attacks since then)
So this is hardly "news"
A trio of 30" monitors just to play a video game isn't insane enough?
why aren't all the world's supercomputers on the job making a thousand bucks a minute?
A dozen basement dweller with a few dozen specialized ASICs each is probably as good as a "supercomputer" at mining bitcoins.
People who pay for supercomputers have better things to do than try to make a couple of hundred bucks in a lottery^W market speculation.
I can easily envision three ways in which it could become worthless:
3. Confidence crash. Bitcoin currently has value not so much because it can be spent (There isn't a great deal you can buy with it) as it does because of speculation. That's a dangerous situation - it's a perfect bubble. If the price should drop, even a little, then a lot of people are going to fear a decline and start selling off their coins - which will cause exactly the decline they fear. It's happened before many times.
You mean like whatever-it-was that nearly halved its value last week?
Yeah, that.
Bitcoin has found its level. It's not going up any more, it's just going to oscillate around $1000 (a magic 'psychological' number that pretty much proves it's all speculation). There's nothing more to see here, time to move on to the Next Big Thing.
It isn't silver to BTC gold, it offers no great advantages over BTC hat can't be integrated into the bitcoin protocol if deamed worthy and you cant buy anything with it except other crypto-currencies.
This article is spam at best , a pump and dump endorsement at worst.
Sure, that's what they used to say about Bitcoin but look where Bitcoin is now.
Litecoin is the future!
After the gold rush was over, there was still plenty of money to be made selling picks, shovels and mules to the prospectors.
Jeff Willms won with 1,096,200.
Chien was third with 1,056,900
"No matter where you go, there you are..." -- Buckaroo Banzai
