Slashdot is powered by your submissions, so send in your scoop

 



Forgot your password?
typodupeerror

Comment Re:When you decide to be a dumbfuck terrorist outf (Score 1) 482

It is a war crime according to the "Protocol on Prohibitions or Restrictions on the Use of Mines, Booby-Traps and Other Devices".

Article 7 section 2 states: "It is prohibited to use booby-traps or other devices in the form of apparently harmless portable objects which are specifically designed and constructed to contain explosive material."

Israel is a signatory to that agreement.

Comment Re:Millions you say (Score 1) 44

The ones with actual users ...

These are the sort of self-generating monopolies I've seen in the past 25 years of the internet.

Effectively, everyone goes there because everyone goes there.

A bit more than herd mentality, but makes any startup something which requires large amounts of energy to succeed and then keep going. Never stop.

Twitter has self-inflicted wounds, thanks Elon, but continues to limp along. I find myself less likely to visit because -- not everyone is there any more.

Comment Re:So I've read the article now (Score 2) 119

Apparently he took out a "Flash Loan" and borrowed the tokens. Once he executed his trades to grab the money he bought up enough tokens to repay the loan and all was fine.

It seems it is totally normal for 18-year-olds to take out multi-million dollar loans with no collateral to back them in the crypto world? I feel like this points to a whole lot of other potential problems in the crypto/DeFi world.

Comment Re:Texas (Score 1) 284

You only need a something over 50% of the mining power -- as long as they can add new blocks with no Assange transactions at a faster pace than than the rest of the mining pool they can keep the longest chain Assange donation free. A 51% attack isn't just for double spending, and simply blocking particular transactions is the kind of thing you might be able to get tacit agreement for; and it does only have to be tacit if you are fine with a few transactions getting through every now and then (which also helps hide any collusion).

Comment Re:Texas (Score 1) 284

It solves the problem of "where do I go if Powers That Be decide to boot me off traditional wire transfer systems". Like has already happened in case of Julian Assange and his legal defense fund.

It swaps in some different powers that be. If Wikileaks published something that embarrassed people behind a bunch of the major miner consortiums and they decided to just not include any bitcoin transfers to Assange or Wikileaks in blocks they mined that could severely limit or completely stop such transfers, depending on how big a proportion of the mining pool they pissed off. And let's be clear, there are a very small number of mining consortiums that control a very large fraction of the total hashing power; this is a lot more possible than it may appear at first blush.

Hell, even the old school powers that be could put a severe crimp in things if they were sufficiently motivated. If such a power decided to lean on the mining consortiums they could likely get the result they want with either enough bribes or a big enough stick (and they would have both).

Comment Re: We abandoned real value (Score 1) 231

There is real innovation happening in the space, and as it all transforms from pure speculation into tangible, useful applications and assets, prices rise.

The biggest current (last couple of years) price rises have been in Bitcoin, which is over a decade old now. Since it has been around so long, but the price is still going up a lot, presumably that is happening because of "tangible useful applications". So what are those applications? As a currency it has stalled, not least due to price volatility. Despite occasional bursts of announcements of retailers accepting Bitcoin, the number of retailers actually accepting Bitcoin remains very small, and often quite niche. Bit coin is not taking over as a currency. How about Bitcoin as a means of fast, easy, cross border money transfer (remittances). In the early days of Bitcoin is was widely touted that Western Union was going to get crushed by Bitcoin. It turns out Western Union is doing just fine. And over the major money transfer corridors WU fees are often lower than Bitcoin. Other major remittance agencies are also doing just fine using traditional methods. If any service is getting squeezed out of the remittance industry it is crypto ... fees can be larger, money often still needs to be exchanged from Crypto to local currency with all kinds of associated other costs, and so on. How about "digital gold", a hedge against inflation? It is not clear Bitcoin is really doing any better here, and assets and investments to hedge against inflation is a pretty huge market; Bitcoin has very limited appeal over all the other options available. So again, what are the magical tangible useful applications that make Bitcoin so very valuable? It's been a decade, but there still isn't anything to show ...

Comment Re:Critcism (Score 1) 169

Bitcoin is cheap: It's worthless as a currency!
Bitcoin is expensive: It's a bubble!
Bitcoin prices are volatile: It's useless as a currency, it's too volatile!
Bitcoin prices are stable: It's dead! Nobody is buying!

The first mistake is evaluating bitcoin by its "price". Assuming the key is that it is a currency the real question is the volume of actual transactions going on in bitcoin.

What is the amount of good purchased with bitcoin? It certainly isn't huge. How about remittances? Money transfer was one of the big use cases. It turns out that, despite a lot of hype and years to make a difference, bitcoin in particular and crypto-currencies in general, have made practically no dent in the remittances market. How about total volume of transactions? That's certainly higher, but how much of that is speculation trading based on the price of bitcoin? Hard to say, but surely we would see higher amounts of goods purchases and remittances if it really mattered.

So, instead of looking at prices, if we look at utility how is bitcoin doing? It's been a decade and it still hasn't had any significant uptake as currency -- not on any scale that justifies the hype anyway. Might it still be useful and gain traction in the future? Sure, it's possible. But the outlook isn't that great.

Comment Re:Remaining merchandise (Score 1) 305

Such a useless post and reflecting lack of actual knowledge of Fry's.

20 some years ago I bought my first laptop (still have it) at Fry's in Sunnyvale. It was still in the little grocery location, the shelves (and even former refrigerated goods) aisles has resistor and capacitor models sticking out of the floor. It's long since become some health club or other business after Fry's moved to a big store a couple blocks away.

In the hey day of the stores on E. Arques, E. Brokaw and E. Hamilton had about 40 or 60 cashiers, the queue moved pretty swiftly and they didn't take American Express. I tried to buy my first digital camera there and found that out. Went over to Wolf Camera to pick it up. Anyway, over the past few years I've visited the number of cashiers has dwindled down to only a handful. Few floor walkers, where once they were all over you, asking if you needed any help. Last visit I didn't see one at all.

At the end Fry's probably only had a dozen people working in each of their giant stores, a far cry from the hundreds they employed a decade or two before. The downsizing has been happening over time. Weep not for droves of employees losing their jobs, weep for the few who worked in desolate stores, with unstocked shelves who knew the writing was on the wall. They've been circling the drain for years.

The main hurt here is losing a chain which once carried just about everything the home hobbyist/maniac could ever want. That's been going on with the closure of Weird Stuff and Halted Specialties. I'll have to look to see if there's anyone left who sells components, wire, cable, solder, special tools, etc. I'd say they failed to plan well and we've known the eventual source of stuff is going to be our mailbox.

Comment Re: Ass biting regulation (Score 1) 251

There are all sorts of restrictions to keep small players from taking money from the big players. They're always touted as tools to keep the ignorant safe, or to keep the market stable.

To be fair many of the rules and regulations did develop to make investors safer, or keep stability (just look at the fraud, shading messes and instability that has occurred on some of the crypto exchanges, especially in the early says, when there were few if any rules or regulations).

The problem comes from the fact that the big players have full time jobs and and billions of dollars to pick apart the rule book, split hairs, find loopholes, and dodge enforcement, so that, one way or another, the rules don't apply to them. The little guys, well they have actual jobs, no time, and little money, so they have to just follow the rules.

Slashdot Top Deals

The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth. -- Niels Bohr

Working...