singularityyy
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12 years ago
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on: Homeopathic remedies recalled for containing real medicine
Does anyone know why homoeopathic remedies are so common in India? Even my very educated Indian friends seem to use them with a surprising frequency, sometimes over actual medicines.
singularityyy
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12 years ago
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on: Microsoft Finally Gave Away MS-DOS. Now It Should Open Source Everything Else
Microsoft didn't "give away" MS-DOS. Try making something useful out of it and you'll be sued faster than you can say MikeRoveSoft.
singularityyy
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12 years ago
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on: There was no widespread use of malleability attacks before the closure of MtGox
That seems like the most plausible scenario anyway. Karpeles was just trying to take down Bitcoin with him by blaming it on a 'Bitcoin bug'. All this is a joke just like everything else in this sad saga, such as "cold storage leaking".
I wouldn't attribute to malice what could be explained by incompetence, but seriously, this cannot be explained by incompetence.
singularityyy
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12 years ago
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on: Secret raises $8.6 million Series A
I wonder where the future of 'social' is going. If history is any guide, Facebook will soon be out of the 'cool' factor and younger, nimbler startups with take over. It's not clear to me though what kind of experience these will provide, i.e., what features will attract the next generation and form that critical mass. I do like the social app ecosystem to be fragmented though, it makes for good options and interesting new ideas to be tested.
singularityyy
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12 years ago
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on: Mt. Gox kept exchange open despite knowledge of large-scale theft
Isn't doing this against the law in the US or Japan? These things are just not acceptable. Karpeles needs to go to jail for a very long time
singularityyy
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12 years ago
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on: Bitcoin is Much More Than Money
Didn't the founder of Bitcoin himself dub Bitcoin as money?
singularityyy
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12 years ago
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on: First Crypto Currency/Altcoin Convention New York
Nice! IMHO, New York would be my city of choice for crypto-currencies to take off, not that we need one city to be a model. I am just saying because the author is right - as much as I absolutely adore SF, New York as a city can offer a much broader system in which to exist.
singularityyy
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12 years ago
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on: Bitstamp was hacked 2 weeks ago, and only now are users finding out
If only someone told you the difference between an online exchange and online wallet. Tell me again how I shouldn't use a centralized exchange but should use blockchain.info to .. buy Bitcoin?
singularityyy
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12 years ago
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on: Bitstamp was hacked 2 weeks ago, and only now are users finding out
What does regulation have anything to do with what I wrote? Do you know you can demand things as a consumer? As a group? As a community? As a market participant?
Target 'leaked' 70m+ credit card details and there was no regulation that would have forced them to disclose it. But yeah, lets make all the regulation in the world for Bitcoin exchanges, because, you know ...
singularityyy
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12 years ago
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on: Bitstamp was hacked 2 weeks ago, and only now are users finding out
Jesus man, do some homework at least. It's not an online wallet, it's an exchange. Do you not understand the difference?
singularityyy
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12 years ago
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on: Bitstamp was hacked 2 weeks ago, and only now are users finding out
We really need more transparency in Bitcoin exchanges, and this needs to come from within the community. The days of 'playing around' are gone, this is serious business now. Industry leaders should at least form a consortium that handles these kinds of issues and at least does an audit of funds. In addition, exchanges should prove they have the said funds. It's a public ledger folks, we need to demand more openness and honesty.
singularityyy
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12 years ago
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on: “The Rise of China vs. The Logic of Strategy” by Edward Luttwak
That reads like a highly un-objective view of the book, not trying to dissuade people from reading it though - I think it's a nice perspective
singularityyy
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12 years ago
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on: Auroracoin: The First National Cryptocurrency?
Thanks for covering this. The article doesn't mention the price, which is a big deal right now. According to Coinmarketcap, the value of 1 AUR now is $15.09. You mention each Icelander getting about 31 AUR, so this is over $450 worth of value for every single Icelander. That's a significant incentive for everyone to sign up. Good luck to Icelanders and to the team behind Auroracoin, exciting times ahead!
singularityyy
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12 years ago
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on: Dawn of Autonomous Corporations Powered by Bitcoin
Still autonomous. Why are they not autonomous as described in the article?
singularityyy
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12 years ago
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on: A Major Coinbase Milestone: 1 Million Consumer Wallets
Considering any positive comment will be buried deep under in HN, I think it's important to celebrate this success. Price of Bitcoin is meaningless, all other metrics seem to point to higher and higher adoption of this new technology. Great news!
singularityyy
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12 years ago
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on: A Major Coinbase Milestone: 1 Million Consumer Wallets
singularityyy
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12 years ago
Exactly. Bitcoin is too big to experiment on, and the arguments of the hardcore-Bitcoin folks who hate altcoins are getting more and more ridiculous.
singularityyy
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12 years ago
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on: Dawn of Autonomous Corporations Powered by Bitcoin: Part-2
I agree, this is fantastic stuff, and definitely a very good explanation for what things can be. Crypto-currency is a very very interesting space and not many appreciate it. It solves the core problem of how to deal in money, which is needed as the first stage of AI in order to create a machine that can interact with our human world.
Dividends can be distributed just like dividends are distributed in current companies - on a pre-declared date, everyone holding the 'stock' will get the dividend.
Crypto-currencies are really backed by the value of services that they provide.
