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Comment Re:Not surprising (Score 1) 165

it's very, very obvious that the currency exists solely for the benefit of the companies that produce the ASICs

It's very, very obvious that it isn't since for many years Bitcoin proponents didn't even believe there would be ASIC rigs built.

Comment Re:Not surprising (Score 1) 165

What has you buying a mining rig with the intention to make a profit to do with Bitcoin? You're claiming that the former proves the latter is a "scam".

Obviously some people are indeed "mining" (the better term is "verifying transactions on the Bitcoin network") for a profit. And a user of Bitcoin need not care about "mining".

Comment Killer feature (Score 5, Informative) 286

Users have been asking Evernote for one single feature since its inception: Client side encryption.

It's also the one feature Evernote seems to absolutely make sure will never happen. Probably for a very good, non user friendly, reason.

I've just made the switch to the open source Turtl. Self-hosting possibilities, client side encryption. All the features from Evernote that I ever used. (And none of the features the Evernote team felt were important to add _instead_ of privacy ... )


Comment Re:Mmmmm (Score 4, Informative) 45

... which is why Craig went on the whole trying-to-claim-he's-Satoshi spree which was immediately proven to be a fraud. One of the things he did was to insert current info into old posts, and backdating things, to make it appear he's been "in" Bitcoin longer than he has.

He's hoping there's enough doubt at the patent office to grant him the patents, with those dates as precedence.

Comment Re:illegal money laundering... obviously (Score 2) 50

Maybe I'm just stubborn but I honestly don't understand how people can think that it's viable as an actual currency.

You answered your own question:

Also if you look at all the uses for BitCoin I'm sure that the majority of them are not for legal transactions.

Of course, that's only one of the areas where Bitcoin (lowercase 'c') excels. The value of Bitcoin comes from being a decentralized global non-censorable transaction network.

Comment Already debunked (Score 5, Informative) 147

So the big news of the day is that Bitcoin's creator has stepped forward.

Let's nip it in the bud. No, he has not. A con man who was already outed half a year ago has made an elaborate stunt to try to convince people he's Satoshi. The stunt was quickly debunked.

For the technically minded: A cryptographic signature of text A will not be the same as the signature of text B, even if you use the same key. The signature Craig Wright claims is of text B has been found to be a known signature in the Bitcoin blockchain of text A.

Craig Wright is not Satoshi Nakamoto.

He's a con man: https://news.ycombinator.com/i...
Re-used signature: https://www.reddit.com/r/Bitco...

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Computers are unreliable, but humans are even more unreliable. Any system which depends on human reliability is unreliable. -- Gilb