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Comment Re:Steam/Valve are not accepting Bitcoin (Score 3, Informative) 54

What goes on is conceptually same with paying with Norwegian krone, except that I do not have to keep Bitcoin in a custodial service in order to pay online.

Whether they want to keep some krone or bitcoin around is a matter of accounting. Valve probably doesn't have operational costs they can pay with Bitcoin, but other firms might (hosting, domain registration and whatnot).

Comment Re:Consider the progression (Score 1) 735

I have a different world view, in which people are pushed into becoming stupid and crazy extremists because of social and economical isolation. It doesn't require the assumption of naturally evil people, or ideas that are strong enough to magically convert weak souls into stupid/crazy. It also allows ways out other than outright elimination of said peoples.

However, I do assume that people can accept just about anything when rendered ignorant of alternatives, which is what both the group and those who like the existence of such groups both want.

Comment Re:Consider the progression (Score 1) 735

Agreed, but I don't think it hurts to note that the Internet gives us the unprecedented ability to reach out to radicals, too. And just like we did in pre-modern times, we only do it to challenge and intimidate. We don't speak their language and we have no intention to listen to their reasoning or empathize with their situation.

All of which actually proves one of the points of radical Islam (and to my experience most Muslims, and double-ironically people like Trump), that freedom of information is not that useful for freeing minds.

Comment Re:Step 1: Integrate with existing payment technol (Score 4, Interesting) 52

Actually I think these news prove that debit cards are getting better, rather than saying anything about Bitcoin.

I have a similar debit card (not Coinbase) which lets me spend out of my Bitcoin wallet, converting on-the-fly to target currency. The Bitcoin side of this is quite straightforward, but I am rather impressed that VISA allows this sort of automation.

Comment Re:Because it already is (Score 1) 275

Militant Islam doesn't really give a shit about wealth

Militant Islam, and any sort of extremism really, not only feed off of, but also depend on hopelessness. The entire structure exists because there are an enormous number of people who are forcefully deprived of all means to find meaning.

Lack of reach, both socially and economically is the primary culprit. But you also have those who have suffered for decades without the feeling of any sort of power. So it is not really surprising to see them cling to an implausible but overwhelming promise of eternal well being.

Comment Re:Because it already is (Score 2) 275

You are trying to control the *totality* if the body in order to extinguish the symptoms instead of going after the cause.

Actually, one could argue that this tendency has caused the whole mess to begin with. Instead of going after wealth inequality and economic restrictions, they went on to create more inequality and more restrictions.

The case at hand is even more advanced, since digital currencies have not been used by terrorists. They could help with economic restrictions though, which I'm guessing you wouldn't like at all.

Comment Re:Why is the limit a problem? IS it a problem? (Score 1) 185

Is the situation that the Bitcoin network is coming dangerously close to having enough transactions to exceed that 1MB limit?

It is not, although the transaction rate is steadily increasing. The question is more about how Bitcoin should evolve, rather than imminent problems.

Bitcoin at its core is a notarization network using scarce tokens to prevent spam and data size limits against DoS. Relaxing the limit means more entries, which both helps with monetary use of these tokens as well as the their utilization for other purposes like asset transfers, dispute mediation, digital copyrights, etc. It also means more resource requirements for nodes, which could eventually lead to hobbyists getting out of the equation.

it seems like the people behind Bitcoin XT stand to make a lot of money if the big Bitcoin exchanges switch over to their version of the currency, so I'm not so sure.

It is open source software for a decentralized network, so at least there isn't a direct connection to developer revenue. Although, there is a lot of investment going on, and different companies stand to gain from different scaling approaches, which could have lead to conflicts of interest.

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