Get interviewed about Bitcoin, first question: “How many bitcoins do you own?” Answer: *facepalm* “How many dollars do you own?”
@cryptotraveler Dude, isn’t this like the 6th banker in a few months. Think they’re being “suicided?” Or worse, have good cause to jump?
@JPScoopZ If coinbase goes down / gets hacked, you may very well lose your coins. OK to use them as a hot wallet for small amounts, I guess.
@JPScoopZ I don’t recommend hosted / web wallets that have access to your private keys. Blockchain.info supposedly doesn’t.
@kyledrake You don’t consider the ability to rewrite transaction IDs a weakness? Though yes, the problem is manifested due to implementation
@HiFiLoRau She wants to snag an early adopter?
@JPScoopZ Crypto requires a new type of thinking due to its irrevocable nature. We’ve seen waves of newbies making the same mistakes.
@antiballgame Nobody can predict the future. I’m terrible at it. I initially laughed off Doge as a joke. Couldn’t have been more wrong.
@Bradsaidel @antiballgame Wise shibes jump at new opportunities.
@antiballgame Also, it looks like DOGE is still one of most profitable to mine. Plus I think that it actually has a bright future.
@antiballgame I’ve seen a number of variations of proof-of-work, but IMO the users of a cryptocurrency don’t care about the mining algorithm
@antiballgame To be honest, there are too many alt-coins to keep track of them all. I hadn’t even heard of RIC. Just another primecoin?
@kyledrake Sure, there is a weakness in the protocol. But that’s not an excuse for Karpeles to blame Gox’s buggy wallet solely on Bitcoin.
@janie_austin @EdFelten Best case: it becomes THE global payment system, people abandon govt issued currencies and they become worthless. $∞
@janie_austin @EdFelten Worst case scenario, faults are found and it is exploited to the point that all confidence is lost: $0
@janie_austin @EdFelten Depending on adoption and whether or not a catastrophic event occurs, somewhere between 0 and infinity dollars.
Discussion about timezone usage on Bitcoin dev list. Consensus seems to be to use UTC. As a programmer, I agree; TZs suck & are best ignored
@janie_austin @EdFelten Correct, though CEO of Gox continues to blame Bitcoin for their own screw-up. Many price indices have de-listed Gox.
Eclipse locking up: sign to surf web.
Crashing: sign to take a walk.
Crashing & losing your work & project configuration: sign to go home.
@emilepetrone Congratulations, you won the jackpot!
@mikestable That’s on my bucket list! The vomit comet, not Kate Upton.
@emilepetrone Was it a Macbook Air? They had a recall. http://t.co/zfaUZexIp3
.@EdFelten did a great job answering questions about Bitcoin on C-SPAN today. I loved the gold bullion question. http://t.co/JEgRbOfkDu
@janie_austin @EdFelten Since Gox doesn’t allow withdrawals, it’s not really an exchange. There is much fear about their future, thus crash.
@janie_austin @EdFelten I can answer that. Gox is not allowing withdrawals of fiat OR of bitcoins; there are rumors they are insolvent.
@emilepetrone Our IT guy used to be an Apple genius; says actual SSD failures are incredibly rare and it’s usually an Apple firmware error.
@emilepetrone First SSD failure I’ve ever heard of. How did it fail?
@emilepetrone Solid state is solid, bro.
“Bitcoin will go the way of Napster and Kazaa.” - not a great analogy. I predict Bitcoin will go the way of Bittorrent. /cc @codinghorror
@EdFelten Regarding mining when block reward reaches 0: you missed the fact that miners also get to collect transaction fees.
Props to @johncusack for telling it like it is regarding Obama, NSA, et al. http://t.co/9KIytjlyXG
@endurion The dollar hasn’t been backed by gold in 40 years. In fact, 0 countries back their currency w/metal today. http://t.co/ym4WhWBpcY