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Comment Re:liar (Score 1) 550

Ya, I spotted it immediately. He was really brave when he was sure he wouldn't have to do it. Kind of like all the people who claim they'll leave the country over [insert socio-political atrocity]. If they ever followed through, it would really be a newsworthy event.

Comment Re: False premise (Score 1) 492

Let me field that answer. They'll use it, just like organizations kept using WinXP pre-SP3, until the new Director of IT came along and said "Are you fucking kidding me?! What incompetent idiot let you stay unpatched and critically open to everything that has come along in the last fucking decade?! Oh, the same one who thought it's a great idea to never upgrade hardware, despite your staff barely surviving on machines that crash daily, or catch fire like those two did last week."

Comment Re:Performing? (Score 1) 104

The ideal currency doesn't bounce around, it moves back and forth only to provide economic stimulus or a break on the economy.

So you think a "ideal currency" does this without the hands of a 3rd party manipulating it in order to benefit the economic needs of one nation over another? Or do you think a "ideal currency" just does this naturally?

Is it your opinion that these fluctuations help to stimulate or slow an economy when the country needs it? Or are do those fluctuations happen to allow more of the "ideal currency" to fall into the hands of those 3rd party manipulators?

I am guessing what you are saying is that Bitcoin needs a 3rd party manipulator in order to ensure that its value suits your economic needs. I am suggesting that the opposite is what gives Bitcoin unique value over the "ideal currency".

Comment Re:How can a currency be an investment"? (Score 1) 104

Bitcoin is safer than gold for long term storage. At least in some respects. So what is your prediction for Bitcoin in 20 years? And why will it be less safe than gold stored for an equal amount of time?

I agree with your opinion that Bitcoin competes more with cash, checks and credit cards than gold, but bitcoin also has strong points in terms of storing value. For example, you can create "paper wallets" where the keys are never stored on a computer so it cannot be stolen by hacking a digital device that you own. Or you can create multi-signature wallets which allow you to split the keys between multiple locations. So if one bank vault is robbed, your coins are not at risk and can still be moved to a new secured location at your leisure.

Once the robber breaks into the vault, your physical gold is gone. But Bitcoin is like "ether gold" where you can divide it into 3 or more parts where you need to combine 2 or more of these parts before you can reconstitute and move the original "ether gold".

The gold you left for your great grand kids is not protected by advances in cryptography.

And also: you can verify that your bitcoin is exactly where you think it should be from a remote location. Gold in a vault requires you to go to the location where it is stored and then inspect it in person. And this assumes that your gold investment for your grandkids is something more than a piece of paper promising gold on demand in the future. Whereas, you can safely view your bitcoin exists where you expect without creating any additional risks to its safety.

Comment Re:What do you want to be ? (Score 1) 104

Bitcoin is a limited resource.

So are used pairs of Miley Cyrus's underwear.

I purchased a pair of underwear where the digital signature stitched into the strap did not match any on the public ledger and I heard about a friend who purchased a counterfeit pair of undies where the stitching was copied from a real pair.

The Miley Cyrus underwear currency has many valid uses, but it does not provide any defence against fraud or duplication the way that Bitcoin does.

The moral is that if you want to compare Bitcoin to another payment method, then you should know the features and benefits of bitcoin.

Comment Re:What do you want to be ? (Score 1) 104

...if you take the customer's Bitcoins and decide not to ship their product. What recourse would your customer have then?

You are describing the "eBay problem" and it seems to have been solved by them. There is something called "reputation" online and it works. The thing about credit cards is that you pay their fees whether or not you want the protection. For example, Amazon is a company for which I would not pay these "protection fees". If I order from Amazon, I know that I will get the product in a reasonable time frame, it will be the product I expected and it will work as described. If something is wrong, I know Amazon will fix it. I trust Amazon, I do not want to pay a fee for protection I do not need.

If I wanted to pay by bitcoin to a company that I do not trust, then I can use an escrow service that is trusted by both me and the vendor.

Never forget that many of the protections and insurances offered by using credit cards cover the very insecurities built in to using credit cards. Don't you think it is crazy that you give out all your credentials (card no, name, cvv, expiry) to vendors and 3rd parties for every purchase? The vendor now has everything needed to fraudulently charge you again. Or maybe they will lose your data and someone else will charge your card. The credit card system is designed to facilitate fraud so the card company can make all their money protecting you from it and you will latch onto this idea and defend them while they overcharge for their service and add to your debt.

I think the real fraud is happening at the credit card companies. They make online purchasing is open to theft and then pull money from your pocket to save you from that danger... a danger that they made and support!

Comment Re:What do you want to be ? (Score 1) 104

Accepting cash into your hand is a payment option where there is no risk of chargeback.

You are correct. The Credit Card companies love chargebacks. It is the best way to convince consumers that the Internet is dangerous and full of fraud and that the consumer needs to pay the additional 2%-5% credit card service tax and reveal all your purchasing habits to 3rd parties without compensation. Also, the credit companies do not pay for fraud. First they blame the customer and try to just make them pay. If that fails, they go to the merchant and demand the money back... suggesting that it is the merchants fault for accepting a fraudulent card... even though there is no real way to differentiate between a real purchase and a fraudulent buyer. So the credit companies never pay for fraud and they use it to convince consumers that they are needed to solve the very problem they have created.

But it goes further. The Card companies will use fraud "strikes" against the vendor as a mechanism to increase their service fees percentage. That means a vendor may go from paying 2% to the card companies on each transaction to 3%. The choice for the merchant is to pay more or stop accepting credit cards. All merchants will pay whatever they ask for, because you cannot run a business online today without it.

Yes. Fraud is a WIN-WIN for the Credit Card companies and they love it. They will never get rid of fraud in the card industry, because their model depends on it.

Comment Three choices. (Score 1) 432

You have three choices.

  • 1) Quit. You won't have to put up with their shit, and you keep your sanity.
  • 2) Wait to get fired. That's their end goal. If you can't complain to your superiors and/or HR, you're going to get fired anyways.
  • 3) Be BOFH and fight back. Depending on how you try to do this, you'll end up fired, in jail, or both. It only goes well in fiction.

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...though his invention worked superbly -- his theory was a crock of sewage from beginning to end. -- Vernor Vinge, "The Peace War"

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