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176  Main Area and Open Discussion / Living Room / Re: Does anyone here use Bitcoins? on: October 28, 2013, 06:08:17 AM
All world currencies are inflationary. That is, they all lose value over time. $1 today has less purchasing power tomorrow. This is true for ALL world currencies that are issued/backed by governments/central banks. There are no exceptions.

* I skipped a lot there. It's just a simple matter of tracing monetary history. For the USD, it's the gold/silver standard, the 1913 betrayal by Wilson, Bretton-Woods, Nixon's 1971 betrayal, deregulation, derivatives, and Quantitative Easing.
177  Main Area and Open Discussion / Living Room / Re: Does anyone here use Bitcoins? on: October 28, 2013, 05:43:24 AM
Why spend bitcoins when you can get rid of fiat? (This is a general problem.) What I'm thinking is that constantly funnelling fiat into bitcoins then spending that is a good way to preserve value

???

I'm not quite sure what "???" means, but I'm guessing that what I had above was a bit confusing. Here's a basic explanation.

All world currencies are inflationary. That is, they all lose value over time. $1 today has less purchasing power tomorrow. This is true for ALL world currencies that are issued/backed by governments/central banks. There are no exceptions.

When you see the USD go "up", it's not really going up. It's still going down. It's simply that it's falling in value slower than other currencies. For example, last May the EUR was around $1.28 USD. It is currently about $1.38 USD. So, the USD has fallen in value faster than the EUR since May.

BTC (bitcoins), on the other hand, is a deflationary currency. That is, if you have 1 BTC today, tomorrow you will have more purchasing power.

So, imagine you have $1,000 USD today. You plan to save that to spend on a very nice gift for your honey for St. Valentine's Day. But that's still about 3.5 months away. With inflation, your $1,000 will be worth about $965. i.e. You LOST $35 of purchasing power by saving your money instead of spending it today. (I'm running with a flat rate of about 1% inflation per month there, which is simple, but may be high, though it is entirely realistic - some sectors see 4% inflation per month.)

However, if you buy $1,000 worth of bitcoins, you'd have about 5 BTC today. In 3.5 months you could sell your BTC for USD and have about $2,000, which adjusted for inflation from today (as above), would be $1,930 worth of purchasing power. (I'm running on a rough estimation of BTC doubling every quarter. Given that it grows by an order of magnitude or more per year, this is realistic, though may be conservative.)

So, your options are:

1) Save USD and spend $965 PPP on your honey.
2) Buy BTC, save it, sell it for USD, then spend $1,930 PPP on your honey.

* PPP = Purchasing Power Parity

Does that make sense?

i.e. Buy BTC to save - cash out in fiat in order to take advantage of the additional purchasing power that a deflationary currency provides.

178  Main Area and Open Discussion / Living Room / Re: Does anyone here use Bitcoins? on: October 28, 2013, 05:28:14 AM
A different perspective. Note that it is a log scale.

[attachthumb=#]
179  Main Area and Open Discussion / Living Room / Re: Does anyone here use Bitcoins? on: October 28, 2013, 12:02:13 AM
And just for fun, add some holiday horror for your local banksters:

[attachimg=#]

 Thmbsup
180  Main Area and Open Discussion / Living Room / Re: Does anyone here use Bitcoins? on: October 28, 2013, 12:01:19 AM
I wonder if DC allows bitcoins for the donation? That would be great. I don't know if mouser has any plans to add bitcoins over here.

The only problem is this:

https://en.wikipedia.org/wiki/Gresham's_law

Why spend bitcoins when you can get rid of fiat? (This is a general problem.) What I'm thinking is that constantly funnelling fiat into bitcoins then spending that is a good way to preserve value as you avoid fiat inflation and get the advantage of bitcoin's deflation. This becomes easier and easier as more merchants/etc. start accepting bitcoins.
181  Main Area and Open Discussion / Living Room / Re: Yay! New Laws for Crowdfunding! on: October 27, 2013, 11:39:05 AM
We do?

Formatted for C++ with the GeSHI Syntax Highlighter [copy or print]
  1. int TravelToEndOfRainbow(double);
  2.  
  3.  
  4. // Cash level management Function (note: 'L' if function name is silent):
  5. float ElfinMagic(double iWallet) {
  6.  
  7.   if(iWallet <= 0) {
  8.       TravelToEndOfRainbow(iWallet);
  9.   }
  10. }
  11.  
  12. // This is a secure function - Not for public viewing:
  13. int TravelToEndOfRainbow(double iNeed) {
  14.  if(!PrintMoreMoney(iNeed)) {
  15.     InvadeNextRainbow(dwAnyExcuse);
  16.  }
  17. }

Well, normally, yes. The code we've seen so far here reflects government client requirements. That doesn't count! Really. This is the code for it:

Formatted for C# with the GeSHI Syntax Highlighter [copy or print]
  1. public static overrides int operator +(int a, int b)
  2. {
  3.    Random random = new Random();
  4.    return random.Next(int.MinValue, int.MaxValue);
  5. }

That compiles on government machines. tongue
182  Main Area and Open Discussion / Living Room / Re: Knight to queen's bishop 3 - Snowden charged with espionage. on: October 27, 2013, 11:23:58 AM
More high stakes bluffing Renny.

Because today's news says ... wait for it ...

German media: Obama aware of Merkel spying since 2010
http://news.yahoo.com/oba...man-report-092009842.html

"Berlin (AFP) - US President Barack Obama was personally informed of phone tapping against German Chancellor Angela Merkel, which may have begun as early as 2002, German media reported Sunday as a damaging espionage scandal widened.

HAHAHAHAHAA~!

THAT.IS.AWESOME!

Oh man... I'm going to LOVE these fireworks! With any luck, they'll burn down the Reichstag and the White House AGAIN! cheesy tongue (Yes... I know... it's a joke.)

Reminds me... tongue

183  Main Area and Open Discussion / Living Room / 12-yr-old boy admits to hacking police and government sites for Anonymous on: October 27, 2013, 02:09:56 AM
This is hilarious on many levels, but still kind of sad:

http://nakedsecurity.soph...ment-sites-for-anonymous/

Quote
12-year-old Canadian boy admits to hacking police and government sites for Anonymous

A 12-year-old Canadian boy has pleaded guilty to hacking government and police websites during the 2012 student uprising in Quebec under affiliation with the Anonymous brand of hacktivists.

According to the Toronto Sun, the fifth grader, who lives in the Montreal suburb of Notre-Dame-de-Grâce, appeared in youth court on Thursday, accompanied by his father.

The boy pleaded guilty to three charges related to hacking websites that included those of Montreal police, the Quebec Institute of Public Health, the Chilean government and some non-public sites.

The attacks took some of the sites offline for up to two days, at what police estimated as a cost of $60,000 in damages. A more detailed report will be handed over next month when the boy is sentenced, according to the Toronto Sun.


More at the link.
184  Main Area and Open Discussion / Living Room / Re: When you make your 100'th Post on: October 26, 2013, 10:34:15 PM
Did anyone catch Renny's 10,000th post?

Hehe! I just noticed that I made my 100th 100th post! Grin
185  Main Area and Open Discussion / Living Room / Re: How Much Do You Trust Wikipedia? on: October 26, 2013, 09:46:21 PM
This concept (sock puppets) has been a known problem at Wikipedia for years now. Wonder why is this news now?

My guess is that they've just been able to catch & out some of them.
186  Main Area and Open Discussion / Living Room / Re: Yay! New Laws for Crowdfunding! on: October 26, 2013, 09:45:19 PM
Quote
What do you think the law would look like if it were an API/SDK?

Yep. And programmers need to be the ones who solve the horrid national tax code, and actually make the Paperwork Reduction Act have its desired effect.

As programmers, we think fundamentally differently. We use logic. tongue Cool
187  Main Area and Open Discussion / Living Room / Re: Yay! New Laws for Crowdfunding! on: October 26, 2013, 09:43:46 PM
^I could say regulate the banks,
but I guess you could come back with bitcoin or silver/gold tongue

They are already heavily regulated. They also enjoy legislation that effectively gives them a monopoly and leaves you with no choice but to use their services. It's working out so very well, isn't it? Grin
188  Main Area and Open Discussion / Living Room / Re: Knight to queen's bishop 3 - Snowden charged with espionage. on: October 26, 2013, 09:25:26 PM
In more "Snowden-esque" news:

http://www.nytimes.com/20...nce.html?hp&_r=2&

"Federal Prosecutors, in a Policy Shift, Cite Warrantless Wiretaps as Evidence
By CHARLIE SAVAGE

I like Charlie Savage. He's got some really good stuff that he's published. I think that one story in Athens woke him up a bit. Wink
189  Main Area and Open Discussion / Living Room / Re: Knight to queen's bishop 3 - Snowden charged with espionage. on: October 26, 2013, 09:23:37 PM
Yeah, there's a bit of a fuss being kicked up by Merkel due to her mobile telephone bing 'tapped'. It will help, but it could have some more 'omph' to it imo.

Hehehe! Yep. The cracks are spreading...

Here's a Reuters article:

http://www.reuters.com/ar...ing-idUSBRE99P08G20131026

Quote
President Barack Obama told the German leader he would have stopped it happening had he known about it.

i.e.

  • He has admitted it
  • He has admitted that it is wrong

That's a big deal.

Quote
In an SCS document cited by the magazine, the agency said it had a "not legally registered spying branch" in the U.S. embassy in Berlin, the exposure of which would lead to "grave damage for the relations of the United States to another government".

i.e. The US is running black ops out of the US embassy in Berlin.

Man... this is some really juicy stuff! Grin

Quote
Frankfurter Allgemeine Sonntagszeitung also said Obama had told Merkel he had not known of the bugging.

i.e. The POTUS isn't the one running the country... So who is?

Quote
Merkel's spokesman and the White House declined comment.

"We're not going to comment on the details of our diplomatic discussions," said Caitlin Hayden, a spokeswoman for the National Security Council at the White House.

i.e. We've screwed the pooch so badly that the only thing we can do is hide. Well, that and you don't deserve to know, stupid serfs.

So, what's the buzz at the watercooler? Probably something about "Dancing with the Stars"...  undecided Any wonder why we're "stupid serfs"?
190  Main Area and Open Discussion / Living Room / Re: Does anyone here use Bitcoins? on: October 26, 2013, 11:13:46 AM
^I think we 're past the point where just "speaking out" is going to be sufficient to extract us from this quagmire.
 Sad

All the more reason to put one's money where one's mouth is and use bitcoins instead of fiat. Wink  Thmbsup
191  Main Area and Open Discussion / Living Room / Re: Does anyone here use Bitcoins? on: October 26, 2013, 10:09:45 AM

5 ozt of silver is sweet, but 1 bitcoin is much sweeter! Wink

If you don't have any bitcoins yet, here's your chance to get 1!

And in addition to your chance to win a free bitcoin, your name will also be automatically entered for a 'chance' to be selected for the IRS's ever popular "randomly selected" high audit probability list!!! So nice of you to out yourself as a troublemaker...
 (see attachment in previous post)
( smiley Sorry. Not trying to go OT or scare people off. But my current campaign is pointing out the dangerous implications and possibilities for official abuse now that we live in a surveillance state here in the good ol' USA. If the thought of what this technology can be used for finally starts to worry people...well...they need to be worried.)

All the more reason to be vocal NOW and to support things/ideas that undermine the surveillance state.
192  Main Area and Open Discussion / Living Room / Re: Yay! New Laws for Crowdfunding! on: October 26, 2013, 09:52:48 AM
Please name some regulation that isn't bad. But before you tell me what it is, ask yourself if there isn't already some law to deal with the situation already in place. It's harder than it sounds.

<crickets /> Wink



Not so much crickets as this is borders on a debate over what amounts to an almost religious belief on the part of some.

I don't have the energy (or gluteal stamina) to get into that sort of a discussion in text these days.

I'll save that for a F2F (over drinks or coffee) at the first Annual DoCo Gathering of Geeks. Grin Wink

Oh, yeah, sure! Wink Energy! Wink Gotcha. Grin

Hehehe! Grin (Sorry - I can't help but razz about this - it's just too much fun! And yes - I honestly believe that there's no regulation whatsoever that I couldn't mock and make fun of in one way or another! Grin )

Fair enough. Until then, please imagine the API. Cool

Here's a bit of boilerplate code to help your imagination. I've put some serious thought into it, and I think that I've nicely encapsulated several characteristics that you'll find repeated in the Gov.API. Wink

Formatted for C# with the GeSHI Syntax Highlighter [copy or print]
  1. private int AddTwoNumbers(int numb)
  2. {
  3.    switch (numb)
  4.    {
  5. case 0:
  6.    return AddTwoNumbers(numb);
  7.    break;
  8. case 1:
  9.    return AddTwoNumbers1(numb);
  10.    break;
  11. case 2:
  12.    return AddTwoNumbers2(numb);
  13.    break;
  14. // Etc. etc. etc.
  15. default:
  16.    throw new Exception("You didn't really expect this stuff to work, did you?");
  17.    break;
  18.    }
  19. }
  20. public int AddTwoNumbers1(int numb)
  21. {
  22.    switch (numb)
  23.    {
  24. case 0:
  25.    return AddTwoNumbers(numb);
  26.    break;
  27. case 1:
  28.    return AddTwoNumbers1(numb);
  29.    break;
  30. case 2:
  31.    return AddTwoNumbers2(numb);
  32.    break;
  33. // Etc. etc. etc.
  34. default:
  35.    throw new Exception("You didn't really expect this stuff to work, did you?");
  36.    break;
  37.    }
  38. }
  39. private int AddTwoNumbers2(int numb)
  40. {
  41.    switch (numb)
  42.    {
  43. case 0:
  44.    return AddTwoNumbers(numb);
  45.    break;
  46. case 1:
  47.    return AddTwoNumbers1(numb);
  48.    break;
  49. case 2:
  50.    return AddTwoNumbers2(numb);
  51.    break;
  52. // Etc. etc. etc.
  53. default:
  54.    throw new Exception("You didn't really expect this stuff to work, did you?");
  55.    break;
  56.    }
  57. }

There's definitely a madness in that method! Grin Cool
193  Main Area and Open Discussion / Living Room / Re: Interesting "stuff" on: October 26, 2013, 01:41:49 AM

That was funny. smiley
194  Main Area and Open Discussion / Living Room / Re: Does anyone here use Bitcoins? on: October 26, 2013, 01:20:44 AM
For anyone that would like a chance to win 5 ozt .999 fine silver + 1 bitcoin!

http://voluntaryist.com/taxation/contest.html

Quote
A Voluntaryist Contest
How Do You Explain to People That Taxation Is Theft?

Details at the link.

I think I'll enter that contest. I've been meaning to PM someone here about that exact issue, but have put it off until I have more time and can write up a more thoughtful answer. This gives me some more motivation to find the time.

5 ozt of silver is sweet, but 1 bitcoin is much sweeter! Wink

If you don't have any bitcoins yet, here's your chance to get 1!
195  Main Area and Open Discussion / Living Room / Re: Does anyone here use Bitcoins? on: October 26, 2013, 01:12:53 AM
How thoughtful of them to make it so easy to pay up in order to ransom your files back! Wink Thmbsup

Looks like quite a few people even pay. Sad

I don't like most stories like this in the news because they conflate issues together that are completely unrelated.

e.g. John drove a Toyota as a getaway car in a bank robbery, therefore Toyotas are criminal cars.

etc. etc.

That bit there actually looks simply informational though, which is a nice departure from the non-stop hit-pieces written with kindergarten logic.

In any event...
196  Main Area and Open Discussion / Living Room / Re: How Much Do You Trust Wikipedia? on: October 25, 2013, 11:56:14 PM
More scandal for Wikipedia:

http://www.techdirt.com/a...ack-against-socking.shtml

Quote
Wikipedia Fights Back Against Socking

from the sock-it-to-them dept

The idea that Wikipedia is dying has become one of the Internet's recurrent stories. Because something used by so many people every day is completely free and dependent on the selfless dedication of relatively few individuals, there is perhaps an underlying fear that it will disappear, and it will be our fault for not supporting it better. However, alongside major issues like the need for an influx of new contributors from more diverse backgrounds, one of the lesser-known challenges Wikipedia faces is the rise of "socking", or sock puppetry. Here's how Wikipedia defines the term:

The use of multiple Wikipedia user accounts for an improper purpose is called sock puppetry (often abbreviated in discussion as socking). Improper purposes include attempts to deceive or mislead other editors, disrupt discussions, distort consensus, avoid sanctions, or otherwise violate community standards and policies. The term comes from sock puppet, an object shaped roughly like a sock and used on the hand to create a character to entertain or inform. In Internet terminology it is an online identity used for deception.

197  Main Area and Open Discussion / Living Room / Re: Yay! New Laws for Crowdfunding! on: October 25, 2013, 11:01:22 PM
Please name some regulation that isn't bad. But before you tell me what it is, ask yourself if there isn't already some law to deal with the situation already in place. It's harder than it sounds.

<crickets /> Wink

198  Main Area and Open Discussion / Living Room / Re: Knight to queen's bishop 3 - Snowden charged with espionage. on: October 25, 2013, 10:58:04 PM
Ah, General Keith Alexander... The power-hungry, secretive little tyrant we all love to hate...

http://www.techdirt.com/a...rting-snowden-leaks.shtml

Quote
Keith Alexander Says The US Gov't Needs To Figure Out A Way To Stop Journalists From Reporting On Snowden Leaks

from the because-the-first-amendment-means-as-much-as-the-fourth dept

Apparently not satisfied with just setting fire to the 4th Amendment, NSA boss Keith Alexander's next target is the 1st Amendment. In an interview with the Defense Department's "Armed With Science" blog, it appears that Alexander felt he'd have a friendly audience, so he let loose with some insane claims, including suggesting that the government needs to find a way to "stop" journalists from reporting on the Snowden leaks.

<a href="http://www.youtube.com/watch?v=6Kc5Xvr24Aw" target="_blank">http://www.youtube.com/watch?v=6Kc5Xvr24Aw</a>

As noted by Politco, General Alexander isn't a fan of journalists doing anything about these documents:

"I think it’s wrong that that newspaper reporters have all these documents, the 50,000—whatever they have and are selling them and giving them out as if these—you know it just doesn’t make sense," Alexander said in an interview with the Defense Department's "Armed With Science" blog.

"We ought to come up with a way of stopping it. I don’t know how to do that. That’s more of the courts and the policymakers but, from my perspective, it’s wrong to allow this to go on," the NSA director declared.

It's not the policymakers and the courts. It's the Constitution, and it says there's freedom of the press.

More at the link.
199  Main Area and Open Discussion / Living Room / Re: LinkedIn "Intro" App Reroutes & Reads Your Email on: October 25, 2013, 10:52:32 PM
Oh my god. That's horrible. That's way, way beyond any level of sanity. That's MALWARE, pure and simple.
200  Main Area and Open Discussion / Living Room / Re: Knight to queen's bishop 3 - Snowden charged with espionage. on: October 25, 2013, 10:01:24 PM
Looks like more cracks are forming:

http://thecable.foreignpo...un_effort_to_restrain_nsa

Quote
An effort in the United Nations by Brazil and Germany to hold back government surveillance is quickly picking up steam, as the uproar over American eavesdropping grows.

The German and Brazilian delegations to the U.N. have opened talks with diplomats from 19 more countries to draft a General Resolution promoting the right of privacy on the Internet. Close American allies like France and Mexico -- as well as rivals like Cuba and Venezuela -- are all part of the effort.

The push marks the first major international effort to curb the National Security Agency's vast surveillance network. Its momentum is building. And it comes as concerns are growing within the U.S. intelligence community that the NSA may be, in effect, freelancing foreign policy by eavesdropping on leaders like Germany's Angela Merkel.

More at the link.
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