341–350 of 445 posts
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I do feel some sort of kinship here with the Bitcoin attitude, but it's worth remembering that readability pulled an (arguably worse) version of this stunt in the past few years, and were called out as scumbags for it. No Bitcoin in that story.
Do you have a link to that story?
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In other words, their subjective value? Gold has no value to me at all, as I don't have any use for it. If you tried to sell me gold, the only reason I'd buy it is if I could immediately resell it for a profit. My subjective value of gold is, therefore, $0.
The price of gold is not really determined by it's subjective value. It's determined by the cost to mine the stuff. The reason 5 lbs of potatoes cost like $5 and 5 lbs of gold costs like $90,000 is because that's what it costs to dig them up even if you prefer the potatoes.
If you were starving on a desert island I'm willing to bet you'd pay significantly more than $5 for 5lbs of potatoes if need be, because of their subjective value.
Likewise, people spend $$$ to mine gold because it's (subjectively) worth $90,000 for 5 lbs. If gold was as effectively rare as it is today, but easier to 'harvest' when you did find it, it would likely be worth about as much as long as all the other subjective factors still held.
Even today Saudi Arabia can pump oil for obscenely low prices (single digit USD per barrel), but it still sells near the market rate.
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readthedocs.org? How so?
I put readthedocs in the same category because they try to look like the original source of the documentation. They lift the content and style, lock stock and barrel, and then try to rank higher than the actual project's documentation pages. I have in the past, unwittingly read out-of-date documentation because it looked exactly like the source site, and I didn't pay close attention to the URL. If they were truly eth…
I'm at a complete loss how you've even come to the impression that RTD does the things you claim it does - because it does nothing of the sort.
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I think it's fair to say that the vocal majority of BitCoiners have a very naive view of some basic economic concepts.
>a very naive view of some basic economic concepts. Which concepts in particular are you referring to?
BitCoin is faux money and will likely be recorded as the "Dutch Tulip Bubble" [0] of our times.
Intentions and wishful thinking alone are not enough to create revolutions. Crises are invariably required to change such fundamental concepts as value of currency in the public's mind, and it has to happen on a massive scale in a tiny span of time. BitCoin will be no more than the butt of jokes in another decade unless it finds it's destiny in a crisis made for it to shine.
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> What percentage of these established corporations "accept" bitcoin through VC-funded startups, receiving dollars and never actually holding a bitcoin? Basically all of them. No established company wants the associated risk to actually hold bitcoin.
Overstock holds Bitcoin, and its CEO is a big fan of it.
While many may argue the prudence of such a decision (and subsequent disclosure), it's important they disclose this as their Bitcoin holdings lost about 1/2 their value in the last quarter. Any major company keeping any significant percentage of their sales revenue or cash holdings as Bitcoin would be exceedingly irresponsible.
A few things I found about tip4commit by searching through reddit: - 4 months ago Bitcoin Core was happy to raise 1.8BTC in two days using tip4commit [0], but today's comment [1] signals they are not happy with tip4commit, because it encourages submitting large number of small commits - an IT World article about 40% donations being unclaimed [2] (1.384BTC) - "we discovered a security breach" [3] - OpenBazaar, a fork…
[0] http://www.reddit.com/r/Bitcoin/comments/2kzlsh/tip4commit_s...
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playing devil's advocate: may be tip4commit is not your problem, but rather your country's laws are if these allow to so easily mock anyone and risk of being convicted?
My country has several stupid laws but there's very little I can do to change them (apart from voting). That doesn't make it OK for someone to run a dodgy "donations/tip/contribution" service, asking for money on my behalf. This could potentially cause problems for lots of people around the world (seems like UK has similar laws too). Stupid foreign laws don't go away by ignoring them. Running an international service…
also, people who downvoting here - make sure to read HN rules about what downvotes are for. They are not to downvote different ideas, but to remove useless posts.
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My country has several stupid laws but there's very little I can do to change them (apart from voting). That doesn't make it OK for someone to run a dodgy "donations/tip/contribution" service, asking for money on my behalf. This could potentially cause problems for lots of people around the world (seems like UK has similar laws too). Stupid foreign laws don't go away by ignoring them. Running an international service…
Alright, lets remove tip4commit server from picture. So to put you in jail I just need to find any project you work on, find your name and ask for donations on your behalf? Doesn't this sounds wrong to you? also, people who downvoting here - make sure to read HN rules about what downvotes are for. They are not to downvote different ideas, but to remove useless posts.
Can you show me where it says that in the rules or guidelines or FAQ?
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I think it's fair to say that the vocal majority of BitCoiners have a very naive view of some basic economic concepts.
>a very naive view of some basic economic concepts. Which concepts in particular are you referring to?
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>a very naive view of some basic economic concepts. Which concepts in particular are you referring to?
The failure, nay the pigheaded refusal, to learn from history. BitCoin is faux money and will likely be recorded as the "Dutch Tulip Bubble" [0] of our times. Intentions and wishful thinking alone are not enough to create revolutions. Crises are invariably required to change such fundamental concepts as value of currency in the public's mind, and it has to happen on a massive scale in a tiny span of time. BitCoin wil…
>BitCoin is faux money
Could you expand on this? How do you define "faux" money?