swswsw

> "In the end, the government did not take Bowen up on his offer. Even today[May 9, 2020], production lines that could be making more than 7 million masks a month sit dormant."

That article was published in May 9. Even on May 9, the production lines were dormant. How could this happen? It is unfathomable. The country probably had masks shortage since March. It is so hard to believe some of the things that happened this year.

What you need is to hold your private key. You could, for example, holds your private key somewhere else, and inject that private key to your phone when you need to use it.

If you want to change bitcoin's economics properties, you can. You just have to get all the nodes to agree with it. That is obviously very very difficult.

Bitcoin runs on a decentralized consensus system and uses this consensus as the truth. You can change that truth if everyone agrees with you.

In that sense, this is actually the true democracy.

What if you think it this way?

I also want to point out that bitcoin might have a shot at being a global currency.

I see another benefit. Merchants benefit from lower transaction fee vs credit card.

That way, they can see what the site is like and if they choose to press the button, they can see what it is like to be on the slow lane. Otherwise, the first time visitor may not give the site a chance at all.

Personally, I would think that correlation to the number of bitcoin repo on github does not make sense because that is the cumulative number. However, if you can correlate to average recent activities on all bitcoin repo on github, that could be very interesting. :)

if you ask me to donate to stopping polio vs spacex, i would probably donating to stopping polio. however, that is because i'm a little bit short-sighted on goals. (incidentally, i guess this is why i'm creating an internet business rather than a space exploration program.) however, that does not mean i should not let other people try the more audacious venture.

Nice trending finding. When people are talking about bitcoin, very often they are focusing on the currency value. They sometimes forget that it is also an open platform. An open platform that brings financial transaction into hands of millions of developers. Making future more interesting. :)

  mining is "fair" in money generation.  

If they titled it "Norway classifies Bitcoin as asset instead of currency". The tone would sound very different.

Another example is this:

"42% of Americans Know What Bitcoin is" [1]

vs.

"6% of Americans Think Bitcoin Is an Xbox Game" [2]

Both articles are talking about the same survey.

[1] http://www.coindesk.com/americans-think-bitcoin-is-xbox-game...

[2] http://www.theatlantic.com/technology/archive/2013/12/6-of-a...

What is the effect of treating it as commodity means to bitcoin business in Taiwan?

How is bitcoin perceived in Taiwan?

-- Not really. Bitcoin is open sourced. They did not try to privatize bitcoin.

Excerpt from the article: "The currency’s issuer is an unknown computer programmer"

-- No, bitcoin is not issued by Satoshi Nakamoto in the sense that cash is printed by the government. The currency is generated by mining, which can be participated by anyone with the right equipment.

I do not have a better crystal ball than anyone here, but the article's author made a mistake in trying to shoehorn bitcoin into his own concept of currency.

People only need to know your credit card number, name, and expiration date to use your credit card to purchase something online. Since you give those information to many merchants, it is very easy for those info to leak out.

For someone to use your bitcoin to purchase something, they have to have your private key. When you make a purchase, you do not give out your private key to anyone. bitcoin and credit card are two very different things.

Credit card was not designed for internet, while bitcoin is.

At the very moment, I see mt. gox and coinbase price at $202. And bitstamp price at $194.

The author answered: "I liked to shot of the tower … looks like it’s reaching out into space and time!"

http://btcgeek.com/dawn-of-autonomous-corporations/#comment-...

I want to add one important point. Bitcoin not only makes it much easier to setup this kind of autonomous corporation, it also makes it transparent and verifiable by outside. It does so through being open source. And since no one actually owns it, it is completely transparent.