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Comment Re:Good idea, but not ready for primetime (Score 1) 271

I hear you (and that's good advice) but if I lose my wallet somehow, no matter what, my money will still be in the bank. Even if someone uses my bankcard I'll still get my money back. Losing a wallet, virtual or otherwise, should never result in a financial disaster or an irrecoverable loss of funds.

Bitcoin is digital cash. You lose it, it's gone. That's part of the design, a feature, not a bug. A feature I happen to like: double spend protection, no replacing of lost/stolen Bitcoins out of thin air.

There are, however, ways to protect funds from loss by stupidity (hd fail and no backup or misplaced pw, involuntary encryption maleware) and/or theft: Multisig can really help here.
 

Comment Re:Good idea, but not ready for primetime (Score 1) 271

> > Doesn't have to be more than a dollar worth, so it's not as bad when you lose them in case something goes bad.

> Well there's a ringing endorsement if I ever heard one.

> What you wrote is exactly why people like me are leery of crypto-currency...the whole "in case something goes bad" thing, which doesn't seem to ever happen when I deposit my money in a bank.

You wouldn't believe the amount of noobs complaining that "the price has dropped since I bought in, this wasn't supposed to happen" or "I forgot my wallet password, can you help me?". That's the most common "bad things" that can happen. That's why I suggest a very small amount to begin with so they can learn.

Comment Re:Good idea, but not ready for primetime (Score 1) 271

What "holes" you talk about are there in cryptocurrency?
Also: there is no clearinghouse or "bank" repository that can "get cracked"

honestly, I think you should "get your hands dirty" and play with some bitcoin or other crypto. Doesn't have to be more than a dollar worth, so it's not as bad when you lose them in case something goes bad.

Comment Re:typical (Score 1) 471

An American company really believes they can force Germany to change their laws or allow Facebook to operate outside of the law? Just WOW. What the hell kind of shenanigans are they pulling over here, then?

Oh yeah, right. I forgot that special interest groups never talk to politicians or propose regulation. I also forgot that politicians always act in the best interest of the people and receive such a huge chunk of money from these people that they are incorruptible for all practical purposes.

Comment Re:typical (Score 1) 471

Not to mention that this seems to actually be a law which serves the people, rather than corporations .

not entirely true. Law is supposed to serve the people, but sadly, there is a form of government failure called "Regulatory Capture": https://en.wikipedia.org/wiki/Regulatory_capture which implies it doesn't always live up to that standard.

Comment Re:Misdirected anger? (Score 0) 306

The group ... reiterated its demands: that a controversial YouTube video mocking the prophet Mohammed "be eliminated from the Internet."

And these idiots think the banks are responsible and/or control the Internet and its content? - sigh

Maybe that's not as far from the truth as you think.

Maybe this measly stupid attack was staged by whoever in order to instill fear and hate of muslims in americans, just like the tube-vid was made to instill fear and hate of americans in muslims.

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