On 6/20/2011 1:08 PM, archytas wrote:
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.
I give MS a bit of crap over their policies affecting their products but
I really enjoy the compatibility and usual ease of use. Of course I like
dictating my own tech so I've dabbled in Gentoo and now mostly Ubuntu
for convenience, though I have my gripes in the open world too. ;) I am
very surprised the treasury dept didn't crack down on bitcoin, I recall
it being illegal to operate an alternative currency like scrip and whatnot.
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.
That would be interesting, but there is some difficulty verifying
information even eye witnesses with a camera. So many times I watch a
short clip of footage and am left wondering what the events leading up
to it are or why they centered on something without a larger scope for
people to decide for themselves what is going on. The news is especially
bad at this on all matters political.
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.
I liked the example with the consumer product, it would be interesting
to have access to the money trail behind a politician's funding.. Very
revealing! I think you have a vote on this one.
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.
