SectioAurea

7 ms·

1.
by SectioAurea 12y ago
Well, percent of GDP spent on light has remained steady for 300 years at .72; that was buried rather far in. The article also mentioned Jevons’ paradox, which is something I didn't know had a name.
2.
by SectioAurea 13y ago
False. They do not all have the same structure as Bitcoin. Many of them are explicitly structured as pyramid schemes (premining, instamining, stealth launches, closed source launches). While very few have unique selling points over Bitcoin,
3.
by SectioAurea 13y ago
See also the Coral Castle legends in more recent times. Would be extremely interesting if this worked on a macro scale. They are floating nuts and bolts with a small desktop device. I'm also curious about power draw/requirements.
4.
by SectioAurea 13y ago
Most Bitcoin users don't believe this will happen, for what it's worth. The 'armageddon facedown with the government over Bitcoin' is just another doomsday fantasy popular with those who enjoy doomsday fantasies. The rat
5.
by SectioAurea 13y ago
Correct.
6.
by SectioAurea 13y ago
Definitively solving the problem of "closed on Sunday" would seem to constitute more than a little competition for legacy financial institutions.
7.
by SectioAurea 13y ago
Like many technology and finance pundits, he seems to be currently in a love/hate relationship with Bitcoin. See also Business Insider's recent turnaround and subsequent breathless tabloid-style coverage of cryptocurrency news.
8.
by SectioAurea 13y ago
Good point - the early "hockey stick" did in fact end recently with the first ever bearish 10/21 EMA crossover in the BTC/USD 12h timeframe.
9.
by SectioAurea 13y ago
And the yields from mining have decreased by orders of magnitude over the last several decades as technology increases have made it more possible, while less efficient, to extract additional known deposits.
10.
by SectioAurea 13y ago
Flowers trading food for pollination.
11.
by SectioAurea 13y ago
This has actually been done. You can now do protein folding and SETI (and a bunch of GMO research) while mining. Gridcoin is working with the full cooperation of the UC Berkeley BOINC project and is compatible with your choice of dozens of
12.
by SectioAurea 13y ago
In the case of clones Namecoin/Primecoin/Gridcoin/Datacoin and others, there is even useful work being performed as part of the protocol of the software. Gridcoin's block rewards, for example, scale 30x in favor of those
13.
by SectioAurea 13y ago
It's all in the brainstorming stages. Distributed Autonomous Government is also theoretically possible, offering voluntary participation, transparent workings and direct democracy.
14.
by SectioAurea 13y ago
This is the key point where the public blockchain seems to be of use for voting: transparency, which we have zero of in current machine systems.
15.
by SectioAurea 13y ago
I explore some of the possibilities of achieving transparency and trust in government through blockchain records here: http://www.wallstreetcrypto.com/2013/12/distributed-anonymou...
16.
by SectioAurea 13y ago
The reported stealth launch is interesting, if depressing. Stealth launches are essentially a deniable form of premine and not a good indicator for a coin's future, historically. I know I won't be trading this coin or recommending
17.
by SectioAurea 13y ago
According to official sources ( http://www.ubuntu.com/phone/install ), the Ubuntu Phone beta has the following capabilities: "Connection to the GSM network on Galaxy Nexus and Nexus 4" "Phone calls and SMS
18.
by SectioAurea 13y ago
I too have this feeling, and made a post about possibilities for traditional state functions in the blockchain: http://www.wallstreetcrypto.com/2013/12/distributed-anonymou... It's a very fuzzy concept for no
19.
by SectioAurea 13y ago
The doge brand is the USP. Most LTC clones are already largely undifferentiated, so this is actually a strong contender given it's technically almost identical to the rest.
20.
by SectioAurea 13y ago
Premined strategies like Ripple chose certainly aren't the road to success.
21.
by SectioAurea 13y ago
Many people already give up enough information (by carrying a smartphone) to allow for a simulated world, where their avatar's actions match their real world actions in realtime: phone calls, transactions, inventory, location, physical
22.
by SectioAurea 13y ago
Consumer protection is possible in Bitcoin - it's voluntary on the part of the service provider, and should be demanded by customers.
23.
by SectioAurea 13y ago
Deja vu all over again.
24.
by SectioAurea 13y ago
If Bitcoin as a payment system (including exchange fees to give government fiat to the bank) has lower overall per-transaction fees than VISA, it's a win for adoption for this business.
25.
by SectioAurea 13y ago
I am convinced that the entire badBIOS story is an application of this technique to shake out remaining bugs in the design. Look at the large number of subject matter experts who dissected every aspect of the claims and universally conclude
26.
by SectioAurea 13y ago
1860, but still very cool. Thanks for the link! I note that banking apparently drove the entrenchment of the technology: "The most common use of the Pantelegraph was for signature verification in banking transactions." Bonelli&#x2
27.
by SectioAurea 13y ago
Talk about a "knowledge economy"!
28.
by SectioAurea 13y ago
Correct, spin-off site operators need to be trusted not to be P&D moles. However, mystery odds beat certain odds of P&D message control (as seen in Reddit).
29.
by SectioAurea 13y ago
The article describes "stretched-hide membranes stitched around the bases of the receivers". This is actually a big improvement on the "tin cans on a string" model.
30.
by SectioAurea 13y ago
This is an excellent point. I know I've been guilty of the pattern: "provide detailed directions for a poorly documented build, then spend years maintaining them in blog post/comments". Better would be to actually contri

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