Comment Minor grammatical nit-pick (Score 1) 210
Comment How do you respond to Tyler Cowen? (Score 1) 768
In short: Although Bitcoin may have some admirable features as a medium of exchange, why do you suppose that it can represent a popularly desirable store of value when there are so many other excellent alternatives?
Note that a successful currency requires both features. Absent a reason to store value in bitcoins, people will keep their stock of wealth in other assets and then exchange them into bitcoins only when they need to engage in a transaction. But in that case, the real value of a bitcoin will be approximately zero; it will be slightly positive if the market deems its virtues as a medium of exchange to exceed those of other currencies, but beyond that, it will be zero.
Submission + - American Airlines tests streaming in-flight movies (aviationnewsdaily.com) 1
I'm wondering if some people here have already used this wifi streaming system, and get some feedback.. I'm curious how such system work in real life. Having 250+ wifi client connected inside a long metallic cylinder and doing some video streaming seems a really big challenge..