41–50 of 67 posts
I see that it supports credit cards, but it doesn't support bitcoin.
Yes, that could be related to the fact that bitcoin isn't something anyone with any familiarity with economics should take seriously. (For the purposes of this comment "familiarity with economics" should be understood to mean: has so much as shopped in a grocery store).
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Yes, that could be related to the fact that bitcoin isn't something anyone with any familiarity with economics should take seriously. You justify with . This is a total non-starter. (For the purposes of this comment "familiarity with economics" should be understood to mean: has so much as shopped in a grocery store). Very low standard it seems. I shopped in a grocery store.
Then you'll know that you can't spend Bitcoin at a grocery store because it's some crap that people made up and not actual currency. Edit: My comment isn't US-centric, obviously, since I don't know where any of you hail from. Trolls.
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Mind saying more or linking? I keep hearing strong opinions against bitcoin but haven't heard details.
The biggest problem I have with bitcoin is that the fixed bitcoin supply and decreased rate at which coins can be mined rewards hoarding behaviors. If you know that the bitcoins you have in your account today will be worth more in the future, you have a powerful disincentive to spend.
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Mind saying more or linking? I keep hearing strong opinions against bitcoin but haven't heard details.
The most clear-cut argument against Bitcoin is that it is a ridiculous waste of energy. The nature of mining in the protocol implies that if Bitcoin takes off on any significant scale, there is a dichotomy going on: either there are so few miners that single large actors can dominate the total hashing power of the network, making it vulnerable; or, a significant fraction of the total world computing power goes toward…
Since paper money is backed ultimately by the threat of violence against those who counterfeit it, wherever they may be in the world, we must include some fraction of our defense spending as well. In fact, the more valuable the currency, the more must be spent on defense to protect it. Isn't this closely isomorphic to your dichotomy?
Unfortunately I think only the internet stars have even a chance of living like this... The irony is that these superstars normally already have huge paychecks :/
Also, allow tips of any size. $2048 or $4096 would not be crazy.
Unfortunately I think only the internet stars have even a chance of living like this... The irony is that these superstars normally already have huge paychecks :/
Agreed. This system rewards getting attention from the public, not necessarily adding lots of valuable features.
Another idea that could work well is partnering up with some influential bloggers / open source evangelists and holding an international "Feed a coder" day, which brings awareness to the open source community and asks people to make a donation to their favourite projects / libraries / Wordpress plugins on that day.
There are a lot of Wordpress Bloggers out there who would be happy to donate to their favourite plugin authors but just haven't and this could push them over the line (this is just one community I'm quite involved with).
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Mind saying more or linking? I keep hearing strong opinions against bitcoin but haven't heard details.
The most clear-cut argument against Bitcoin is that it is a ridiculous waste of energy. The nature of mining in the protocol implies that if Bitcoin takes off on any significant scale, there is a dichotomy going on: either there are so few miners that single large actors can dominate the total hashing power of the network, making it vulnerable; or, a significant fraction of the total world computing power goes toward…
I too have made this argument several times and I have gotten similar nonsense in response.
I recall reading a story about some guy who was visited by police as they thought he was running an indoor pot growing operation, only to find after searching the premises that he was a bitcoin miner. It takes quite a power surge to draw that kind of attention from police. Bitcoin is geeky, and maybe it's idealistic in some good ways, but it's not "green" and it's not practical.
What happens when there's a loss of electricity?
Do we fallback to paper currency then?