Bitcoin has been hacked - though nothing has been stolen - the site attacked (indirectly given network this and that) being the one trading Bitcoin for USD. I'm a cynic of course, and believe Microsoft is hacked by itself in order that we can't use counterfeit copies because of the update system. Bitcoin will probably recover for a while, but it has already demonstrated technology could do a lot to undercut government and international money.
In this sense, spreadsheets and databasing could remove a great deal of current decision making and its link to vast 'earnings' and political currency. The barcode on a tin of tuna, for instance, could light up a computer search showing its money-misery trail, effects on world pollution, species wipe out and so on. The currencies of politics and business rely on non-transparent manipulation behind what is put in front of us - this too could be done away with through technology. On Jun 17, 4:40 am, Ash <[email protected]> wrote: > Another thanks for the bitcoin intro Archy, I read a short spec and it > sounded quite interesting! > My fiancee's dad mentioned recently that the porn industry won the > battle in VHS vs Beta tape back in the day, though a gen-exer here I > didn't get hip to net porn until highschool (1998ish). Socioeconomics > played a part in that, now I hear they plan on shutting down libraries > in my hometown.. > > On 6/16/2011 7:45 PM, archytas wrote: > > > > > > > > > Porn led the Internet commerce at one stage Orn. I am a bitsad > > personally! > > > On Jun 11, 6:25 pm, ornamentalmind<[email protected]> wrote: > >> Looking further, the Bitcoin's volatility is obvious and currently is > >> on the downturn: > > >>https://mtgox.com/trade/megaChart > > >> On Jun 11, 10:16 am, ornamentalmind<[email protected]> > >> wrote: > > >>> From Yahoo News, one can find that archytas was spot on when it came > >>> to theBitcoin: > >>>http://finance.yahoo.com/banking-budgeting/article/112907/bitcoin-tri... > >>> On Jun 6, 8:47 am, archytas<[email protected]> wrote: > >>>> There a new global currency -Bitcoin. You can google it. The idea > >>>> isn't new - there have been many local economic transfer schemes. > >>>> Potentially we could all useBitcoinand have as little to do with > >>>> official currencies as possible. In this sense, the connection of > >>>> politics s with currency comes into relief without metaphor. The > >>>> basic analogy works for me - politicians are in play for the currency > >>>> of votes and these are broadly bought. My own contention is that we > >>>> have no politics at all, just animal posturing. We would need to be > >>>> rational for politics and clearly are not. > >>>> On Jun 6, 12:53 pm, Ash<[email protected]> wrote: > >>>>> On 6/6/2011 7:09 AM, paradox wrote:> A friend said to me the other day > >>>>> "The sole difference between > >>>>>> Politics and Business is one of Currency"; initially, i thought that > >>>>>> this might be a simplification too far, and unduly cynical perhaps > >>>>>> (though i dont believe he meant it in a perjorative sense); yet, the > >>>>>> more i think about it, the more difficult it is for me to refute. > >>>>>> Any thoughts? > >>>>> You could say they are composed of multiple competing currencies, seeing > >>>>> it all as the interplay of exchange.
