Earlier quoted context omitted.
Can you tell me if you know the technical limitation of MongoDB that allows a double-sell? Is it because it doesn't have transaction integrity?
Mongo shouldn't be used for financial applications, it doesn't have ACID support.
Facebook Security Director Joins Bitcoin Startup Coinbase
41–50 of 83 posts
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#42Earlier quoted context omitted.
Mongo shouldn't be used for financial applications, it doesn't have ACID support.
Why, today, people refuse to use trusted SQL RDBMS's still boggles my mind...
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#43Earlier quoted context omitted.
Can you tell me if you know the technical limitation of MongoDB that allows a double-sell? Is it because it doesn't have transaction integrity?
Mongo shouldn't be used for financial applications, it doesn't have ACID support.
It's tricky to get that right, though, so most developers would be much better off picking a database that does it for them.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#44Earlier quoted context omitted.
Didn't AOL buy MySpace after everyone stopped using it?
I don't think AOL ever owned myspace, maybe you guys are thinking about News Corp (Fox)? But in any case, myspace was still really popular when it was sold and was still growing for a couple of years after; it didn't start getting creamed by Facebook until 2007/2008.
I suspect the first poster may have been referring to the sale to Fox, I actually saw the reference to AOL purchasing MySpace and made a false connection to the sale by Fox misidentifying AOL as the purchaser.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#45Earlier quoted context omitted.
Didn't AOL buy MySpace after everyone stopped using it?
I don't think AOL ever owned myspace, maybe you guys are thinking about News Corp (Fox)? But in any case, myspace was still really popular when it was sold and was still growing for a couple of years after; it didn't start getting creamed by Facebook until 2007/2008.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#46Earlier quoted context omitted.
You mean a wallet on your own hardware, or your own wallet on someone else's hardware like Blockchain.info?
Under no circumstances should you trust anyone to have access to your bitcoin. Do whatever it takes to accomplish that goal. Philosophically, that's one of the core reasons bitcoin is a big deal, because at no point in history has it been possible to do that until now. If I had followed the above advice, then I wouldn't have lost a lot of money. Given the nature of human greed, what do you think the chances are that…
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#47I'll be honest, I am a Bitcoin fan. But I realize there is a relatively large chance that it might just fail entirely (or only be used by criminals and just be regulated to death). Venture Capital investment in Bitcoin has been fairly massive - and from many top tier VCs e.g. a16z, USV & Accel (but notably not Sequoia nor Greylock). Some key investments: 75m for Coinbase, 20m for Xapo, 9m for Circle (still haven't la…
> Some key investments: 75m for Coinbase, 20m for Xapo, 9m for Circle (still haven't launched) and many smaller investments. That barely breaks a billion. It doesn't seem massive to me in relation to the rest of Silicon Valley. For comparison: Instagram.
If you're taking about Instragram's exit valuation, I don't see the relevance.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#48Earlier quoted context omitted.
Didn't AOL buy MySpace after everyone stopped using it?
I don't think AOL ever owned myspace, maybe you guys are thinking about News Corp (Fox)? But in any case, myspace was still really popular when it was sold and was still growing for a couple of years after; it didn't start getting creamed by Facebook until 2007/2008.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#49Earlier quoted context omitted.
Can you tell me if you know the technical limitation of MongoDB that allows a double-sell? Is it because it doesn't have transaction integrity?
Mongo shouldn't be used for financial applications, it doesn't have ACID support.
Re: Facebook Security Director Joins Bitcoin Startup Coinbase
#50Earlier quoted context omitted.
> Its going to be interesting to see what happens when either the US economy takes a dump, or interest rates rise and VC funding dries up... We just had a financial crisis 6 years ago in which the U.S economy "took a dump" and caused a global panic/recession/depression (pick your favorite euphemism). Investors poured their money into Treasury bills, and in such numbers that in 2008, monthly T-bill rates were actually…
My point was that during the next financial crisis, everyone might just sell all their Bitcoin, not that everyone would run to it.