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Comment It's not about needing to re-invent, its 'control' (Score 4, Insightful) 200

I don't buy the theory that TV needs to re-invented and that it is the reason for driving change. The powers that be wan't people to believe that though. I think its probably more about being the first to introduce new technology and whoever does that (as seen by Google and Facebook) will 'control' the new distribution model. That is what its really about.

Comment Send a robot with a test tube baby... (Score 1) 378

Send a robot with a test tube baby... No reason to waste gas sending a full grown human when small robots could get to the nearest star and birth test tube babies on the planet after it arrives and takes the time to grow food. While the probe travels to the nearest star, it can be upgraded with better and better firmware. Once at the star, communication with the remote humans is at light speed.

Comment Re:Deceased owners (Score 2) 206

The interesting thing about the divisibility of bitcoins is that the need for divisibility arises from scarcity, or in other words, arises from deflation. So, the currency is not designed to inflate like fractional currency, but rather to DEFLATE . This is a huge difference between Bitcoins and other archaic currency systems. Also, Bitcoin already has built-in protocols to transfer money if you die and don't respond to deadman switch emails. Also, if you keep a copy of your bitcoin wallet in a safe, then beneficiaries can access your coins. There are probably other ways as well. So, I don't see it as a problem. Whatever future Bitcoin banking service that you use would obviously set up these precautionary measures for you.

Comment The reason why Paper is the obvious answer... (Score 1) 532

Paper is the obvious best answer for a money. Paper is backed by "law" and CAN BE fixed in supply by the government that issues it. What makes paper money fail, and what gives paper money a somewhat bad reputation, is the "fractional" nature of the system beneath the money. Lincoln proved that fractionless money was superior and he won the Civil War. The Patriots in the Revolutionary War also proved that fractionless money (or relatively fractionless) was also superior and they won the Revolutionary War. Germany also used a fractionless money in WWII. If we would only OUTLAW the "fractional reserve" system, then the paper money we print would retain its value and the underlying system would serve as a perfect income tax. Reading suggestion: .

Comment Re:Not legal tender. Therefore, not a currency. (Score 1) 425

For the United States to declare "Bitcoin" as "legal tender" US currency is a little bit like the United States declaring Euros to be "US legal tender" within the United States. It's ridiculous because the US government has no juristiction over that money and it undermines the official currency of the US. Think of Bitcoin as a currency declared "legal tender" by a invisible country; its clear its not a US currency. If every country in the world declared Bitcoin as "legal tender", then that would be interesting, but it would also undermine SDR's which are the current world currency.

Comment Re:Edison = Jobs (Score 1) 692

Edison was nothing compared to Tesla. Tesla invented the fricking remote control boat and the idea of the Television and "high frequency Electrotherapy", among many other things! Thomas edison may have created the light bulb but LED lights will render his invention useless after only about 115 years. The alkaline battery is another finite life invension. Teslas inventions will last forever, he was a much more forward thinker, not just looking for a shortcut.

Comment Not legal tender. Therefore, not a currency. (Score 5, Interesting) 425

Personally, I think the definition of currency is unclear. If its not "legal tender", or in other words not officially declared as money accepted for paying taxes (by fiat) , then shouldn't it NOT be considered a currency, in the same way that Gold is not considered a currency (unless it is officially stamped as such by fiat). To be a currency, some official government must declare it as official for paying taxes IMHO. So, for a judge to declare Bitcoin as a currency is ridiculous because, for it to be so, he himself would have to be willing to accept it , and then turn around and pay taxes with it.

Comment I think we will meet aliens, and here is why. (Score 1) 629

I think we will meet aliens, and here is how:
  1. 1. A remote civilization will recognize our planet and send a probe at sub-light speed (3% or less) for a journet of 1000 years, or whatever.
  2. 2. Within a few years of arriving at Earth, the probe will download (at light speed) a new Firmware update from the home planet, which has the newest technologies, innovations, and informations.
  3. 3. As the probe nears our solar system , it will begin growing biological versions of test-tube baby aliens.
  4. 4. The probe, using robots, will educate the newly born aliens just in time for their arrival at Earth.
  5. 5. The aliens arrive and say Hello.
  6. 6. The robots destroy us all.

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