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Submission + - How China Took Control Of Bitcoin

Rick Zeman writes: According to the New York Times, "In its early conception, Bitcoin was to exist beyond the control of any single government or country. It would be based everywhere and nowhere."

Yet despite the talk of a borderless currency, a handful of Chinese companies have effectively assumed majority control of the Bitcoin network. They have done so through canny investments and vast farms of computer servers dispersed around the country and that "...there are fears that China’s government could decide, at some point, to pressure miners in the country to use their influence to alter the rules of the Bitcoin network. The government’s intervention in 2013 suggests that Bitcoin is not too small to escape notice."

Comment Re:Austin? (Score 1) 464

It's surrounded by Texas..

In case you are a Texan and offended, I live in Houston, which doesn't have a "tech" scene in the strict sense of software/hardware startups, but otherwise is quite heavy in science and engineering in general, and probably has the lowest cost of living out of all major cities in the US.

Submission + - Chinese Government to Put 3D Printers in All 400,000 Elementary Schools (3dprint.com) 1

InfiniteZero writes: Education is probably one of the areas that will benefit the most from 3D printers in the long run. The problem though is getting the machines into the schools in the first place. The Chinese government has a new policy to install a 3D printer in each of its approximately 400,000 elementary schools over the next two years.

Comment Re:It is a start (Score 4, Insightful) 233

Predictable response when it comes to India and China. Check out the following article.. Hint: cheating, or at least the temptation, is something universal in human nature.

http://www.bbc.com/news/world-...

On an unrelated note, Chinese students dominate the prestigious International Science Olympiad competitions. You can't cheat in those.

http://en.wikipedia.org/wiki/I...
http://en.wikipedia.org/wiki/I...

Comment Re:A better article, not behind a paywall: (Score 1) 85

Thanks for the link. Sounds like the key to Minerva is their platform that promises to be more interactive and engaging than the traditional lecture hall style classes.

I think it has potential. However, an overall college experience has much more to do with knowledge and learning.. It's about the people you meet. It's not clear whether Minerva has an edge in that regard.

Comment Successful Risk Taker (Score 4, Insightful) 131

NO, he had the insight, and much more importantly, he took the risk and made things happen. It's the right time and the right place only in hindsight.

Keep bitching and moaning about others' success from the comfort of your couch, while the risk takers out there continue to do big and great things.

Comment Really? (Score 3, Interesting) 126

> a complex fabric of personal, corporate and government organization relationships

Are we talking about China, or America? At that high level, the line between corporations and the government becomes blurry, no matter which country you live in. Just look at Standard Oil, Boeing, Halliburton... The list goes on.

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He keeps differentiating, flying off on a tangent.

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