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Comment Re:Not just bitcoin (Score 1) 195

"A useful currency transacts within seconds, not hours."

Last I checked bitcoin transactions take a few minutes and not hours. That is a little slow for local transactions unless you count the time you wait to be able to pay and extremely fast for international transactions. If you count the real time a transaction takes, which includes the time during which it could be reversed by one party it is much faster than CC payments and is generally faster than the time it takes to go to the atm to do a cash transaction.

If you think transactions take hours you must be waiting for the maximum number of confirmations before counting any transaction. That is completely unnecessary. Unless you a transacting hundreds of thousands of dollars or more three confirmations is plenty of security, if you are engaging in transactions typically under $500 one is generally sufficient since the person paying you has no control over who will validate the transaction.

Comment Re:Not just bitcoin (Score 1) 195

"But is in the control of the Chinese miners. I for one prefer a local elected body."

Elected doesn't mean much with rigged elections like we have in the US. But there is nothing stopping governments and/or major banks from mining investments of the scale they spend on financial networks and infrastructure they build now. That would dramatically speed transaction times and solidly put an end to worries about some upstart being able to get a controlling interest in mining power. Now that the hardware has made all the easy gains it's really the same problem as market volatility, small scale equals a volatile market.

Comment Re:Not just bitcoin (Score 1) 195

Bitcoin doesn't have a market the size of the pound or the euro. Huge shifts are common in small markets because a single large trader can shift them around.

While the shifts are a legitimate factor to consider if looking at bitcoin from a speculation standpoint today they aren't really a valid indicator at this point of the viability of the instrument itself. If the equivalent of the US economy were using bitcoin as the currency then I highly doubt you'd see shifts larger than you do with any major currency.

Comment Re:Not just bitcoin (Score 1) 195

On another note.

Gold derives it's value from being scarce and pretty. Bitcoin derives its value from being extremely easy to transact even at global scale, outside the control of any central body, and being the only potential currency that can't be counterfeited. Having a fixed number of whole units is just something required to make the math work, unlike gold bitcoin is infinitely divisible. Instead of new units being created by a central bank new units go into common use by people in the market deciding to start transacting smaller bits. The word "coin" in bitcoin is unfortunate, it has made any people think of the whole unit as coins when wide adoption of bitcoin always meant the common unit transacted would be a tiny fraction of a "bitcoin"

Comment Re:Not just bitcoin (Score 1) 195

" People think gold standard is great because it's a relatively fixed amount of mineral to peg your currency against which gives it a fixed volume of currency. Bitcoin has the same property"

You are correct in saying this is a problem with gold. It is not a problem with bitcoin, yes there is a fixed number of whole bitcoin, but unlike gold bitcoin is digital and you can create more units simply by moving the decimal place and trading smaller units. If bitcoin were used as a global currency for example, whole units of bitcoin would likely be a unit only exchanged between nations or on a balance sheet for the wealthiest individuals.

Comment Re:You mentioned police, so... (Score 1) 635

Not just sarcasm, thinking and saying are two different things and saying and doing are also two very different things. I guarantee you've said something today you won't do and thought many things today you won't even say let alone do.

That is part of why speech is protected. I very much dislike both Trump and Hillary and I've said more than a few times that someone should just shoot them and the world would be a better place. That isn't sarcasm it is just exasperation, I would never REALLY condone violence and wouldn't support someone who did. Every day friends and colleagues say "I hate that x" and "I could kill x" and none of them actually mean it. It isn't that sometimes you don't mean extreme and inappropriate statements it's that 99.999% of the time an extreme statement is made the person doesn't mean it.

He doesn't need a defense. We are all two faced when it comes to work and home. He can be a racist bigoted prick in his head, if it doesn't translate into inappropriate comments and actions at work it is nobody's business. If he has complaints against him at work, his facebook could be brought out to corroborate and show consistency between the two for what that is worth but no, you don't initiate real action because of something someone said on facebook.

Comment Re:One small problem... (Score 1) 111

"That's a wiretap"

No, it's not. It's deep packet inspection for purpose of network management.

"blocking a service without a DMCA notice is criminal."

No, it's not. First, the world is bigger than the US, and second, we do it as sysadmins all the time. We blacklist spammers, and people involved DDoS attacks.

None of this matters, however, to a system like this, which involves watermarking the content, and blocking it on the upstream side. The provider watermarks all the streams of their videos, and when it shows up on the internet somewhere, that subscriber is shut off. Perfectly, completely legal.

Comment Re:Doesn't sound plausible (Score 2) 111

"So every single stream is going to have a unique watermark embedded in the audio or visual data? The original will be decompressed, the mark added, then recompressed and streamed to each specific subscriber to allow identification? Tens or hundreds of thousands, simultaneously?"

No. The watermarking technology is put in the decoder - the set top box, the Widevine DRM module (in browsers), in iTunes. The stream is watermarked so capturing it and re-encoding it will have the watermark present.

Comment Re:This is a terrible thing (Score 1) 635

"Is it THAT hard to understand?"

No but you are being very dense. An engineer can't become unqualified to be an engineer when he walks out of the office, nor can a doctor, nor can a lawyer, nor a plumber, nor a burger flipper. In fact, the professional bodies you refer to can take away their license but can not stop them from being qualified.

The woman IS a nurse, her education and experience doesn't disappear when she walks out of the office nor when she forms her opinion. Her legal obligation and liability for the consequences of sharing her opinion however should disappear insofar as it is no greater than anyone who could easily also have knowledge on a subject but doesn't get paid to employ that knowledge in their day job.

If I ask a doctor or lawyer friend their thoughts on something related to their profession at a party there is a very good chance I'll get a different answer than I would if I'd paid them for a consulation. I'm aware of their education yes, but they are not giving a professional response with all that entails, I'm a friend asking for their real opinion without the constraints of covering their ass professionally attached and also with the understanding they haven't had the opportunity to review the situation in full depth. Similarly, if I ask a friend who is a mechanic his thoughts on what I've seen happening with my car and a rough ballpark of what it would take to fix it, I don't expect that to carry the same weight as an actual inspection and quote. In a personal setting he might tell me the chances of something breaking are ridiculously low with very high costs and he wouldn't bother on his own vehicle, in a professional setting he might need to cover his rear and recommend fixing that same thing so he wouldn't be liable on the off chance this was the one time in a thousand something went wrong.

The personal opinion of someone who happens to be a professional is a different thing than the professional opinion of that same person.

Comment Re:You mentioned police, so... (Score 1) 635

Unless he is saying on the department page or some similar affiliated page, No, I don't. Trolling and talking shit on Facebook does not equate to really thinking or doing those things. Neither does doing the same in person when not at work.

You could just as easily be punishing the one guy who doesn't really feel that way and is saying what he thinks his co-workers will find funny to establish and maintain a work relationship. It could even be he and his co-workers all say such things not knowing the others secretly feel the same way and are afraid of breaking from the group.

Comment Re:This is a terrible thing (Score 1) 635

"They have to agree to follow the professional standards to be registered as nurses."

Refer to my comment about what someone says on Facebook. At work they acting as nurses, most importantly by being paid, outside of work they are just people expressing their personal opinions which are free to differ from those of established bodies. If they are forced to sign an agreement indicating otherwise that is something a governing body should put a stop to.

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