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Comment No Backups?!?? (Score 3, Insightful) 331

It isn't the amount, it's the sheer amateurishness of the operation and the subsequent loss of trust.

Banks, exchanges, and other monetary systems, including currencies themselves, can only function when there exists an implied trust that the system will continue to function, and do so reliably. A loss of that trust is what causes bank runs, hyperinflation, and economic collapses.

Bitcoin has destroyed that trust. They're toast.

Comment Three Words (Score 1) 630

"....can they pull it off again?"

Sure; and I can tell you why in three words:

Pointy. Haired. Bosses.

You just try to tell your typical PHB that there's something out there besides Office, or that the workstation and the Operating System are two separate things, and watch their eyes instantly glaze over.

Hell, we still use Centrex in this dump!

Comment "Government share??" (Score 2) 373

"In terms of federal research, in 1980 the federal government provided about 70% of all dollars spent on basic research, but since then the government's share of basic research funding given to all entities has fallen to 57%."

You mean to tell me that this is part of the beef? That Great God Government (beat head three times on the floor in the direction of Washington) now has less control over what people can research?

Can someone explain to me why this is a bad thing?

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