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Entrepreneur Makes Millions Selling Virtual Land

Neoncow Re:Buy virtual realestate with bitcoin now! (142 comments)

One is entertainment/art and the other is a cryptographically restricted medium of exchange. They're only as worthless as you can devalue other people's definition of worth.

more than 3 years ago
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Contemplating Financial Trading At Picosecond Resolution

Neoncow Re:They steal the difference between buyer and sel (448 comments)

If you want to buy some shares at 1.45, then put that limit in your order. There is no way HFTs can make you pay more than that. If you want $1.45 and enter $1.50 then you should be prepared to pay $1.50.

more than 3 years ago
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Online-Only Currency BitCoin Reaches Dollar Parity

Neoncow Re:In other words (517 comments)

Well, while the person is cornering the market people could notice and join in to profit. I guess if the whole currency can be bought up like that then the currency must have already failed. If people value the currency higher, then it could be very expensive to corner the market.

Someone could probably afford to buy up the whole market right now, but since only a fraction of the total bitcoins have been discovered/generated, they won't have the market for long as people make more of them and the cost goes up.

more than 3 years ago
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Online-Only Currency BitCoin Reaches Dollar Parity

Neoncow Re:In other words (517 comments)

Now what exactly can 1 BTC be used for?

Just because you don't want it, doesn't mean someone else doesn't value it. Even if you wouldn't pay for a cast iron monument of the Jersey Shore cast, if someone else will then it has value.

Gold and US dollars are tied to industrial demand and the US economy respectively. Those are both pros and cons. An alternative currency has different pros can cons. People who value those differences will value alternative currencies.

Just like existing currencies/commodities have value for traditionalists, strange new crypto-currencies hold value for futurists. And apparently they're willing to exchange traditional currencies for it.

more than 3 years ago
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Online-Only Currency BitCoin Reaches Dollar Parity

Neoncow Re:I was thinking of calling it a con (517 comments)

Basically, regular currency is backed by organizations like the federal reserve, secret service, banks, and the government. The use of force (armies, secret service, threat of prison time) discourages unauthorized currency creation (counterfeiting).

Bitcoin is backed by mathematics, limitations of computing power, and limitations on energy. If you don't have a Phd in cryptography, you still need to trust that they're doing the math right. Just like you need to trust the government/banks not to create more currency than necessary. Having an alternative currency allows you to choose different parties to trust.

more than 3 years ago
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Online-Only Currency BitCoin Reaches Dollar Parity

Neoncow Re:does this online money have any bank backing? (517 comments)

If that's your concern, then you should just use the existing currencies. There's lots to choose from. Bitcoin is for people who don't want a currency backed by central institutions. If you don't value that, then Bitcoin has no value to you. Not a judgement call, just the facts.

more than 3 years ago
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Online-Only Currency BitCoin Reaches Dollar Parity

Neoncow Re:In other words (517 comments)

I think the idea of Bitcoin is to create an alternative to how the current world currencies work. The idea is to have something that has no intrinsic value in itself, but is still scarce. I don't think the intent is to eliminate traditional currencies, but create an alternative currency that cannot be manipulated or controlled by centralized authorities.

Basically, I think they want it to be like gold except without the fluctuations due to industrial, geological, or political events. I don't know whether this is good from an economics point of view, but I don't think they're trying to kill currencies.

People have the same incentive to create bitcoins as gold mining companies have for digging up gold. There's a cost of mining each and there's a perceived value. If you feel that bitcoin will ever succeed, then it may be worth spending electricity to generate them while it's easy to do so. If not, then don't. If they fail, nothing lost, if it succeeds, you'll buy them at market value later.

more than 3 years ago
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Medical Researcher Rediscovers Integration

Neoncow Anonymous Gem here (473 comments)

Dear mods, Anonymous Gem.

more than 3 years ago
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High-Tech Burglars May Get Longer Sentences In Louisiana

Neoncow Re:Why? (197 comments)

But don't we already have laws/processes that allow that sort of sentence scaling?

more than 4 years ago
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Quantum Cryptography Now Fast Enough For Video

Neoncow Re:sigh, the "quantum" buzzword (69 comments)

My understanding is the quantum cryptography assures you that the person you are communicating with is connected to the receiver side of the "quantum connection". Whether the person sitting there is Alice or Eve depends on how many men with guns you've hired to guard the receiver side of the communication.

If you're satisfied with the security of the receiver side then the quantum connection means you never have to hand-deliver another one-time pad in briefcase.

more than 4 years ago
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StarCraft Cheating Scandal Rocks Korea

Neoncow Re:Uhhh....what? (471 comments)

If anyone is jailed for this, it would be for fraud or illegal gambling not "Starcraft".

more than 4 years ago
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NHS Should Stop Funding Homeopathy, Says Parliamentary Committee

Neoncow Re:Heomeopathy = Placebo (507 comments)

The Chinese are more likely to take herbal medicines even when not sick. It's more of a prevention philosophy versus the reaction philosophy of treating symptoms. There are also many illnesses that are essentially only in the mind which can be sufficiently treated with placebos.

(I realize this is somewhat an "Ignorance is bliss" type argument, but I'm just pointing out that sometimes you can't tell people that it's just in their head since they won't believe you (that too is in their head).)

more than 4 years ago
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NHS Should Stop Funding Homeopathy, Says Parliamentary Committee

Neoncow Re:Heomeopathy = Placebo (507 comments)

I feel like the Chinese are doing it right. Chinese traditional medicine is deeply ingrained in Chinese culture, but they have no hesitation in adopting western medicine when necessary.

Traditional medicine for prevention and getting people to regularly pay attention to their health and see doctors.

Modern medicine for those times where there is no herbal treatment.

Best of both worlds.

more than 4 years ago
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MS's "Lifeblogging" Camera Enters Mass Production

Neoncow Re:A better and more mundane solution (119 comments)

Why do something manually when you can do it automatically?

I agree that the approach isn't useful for something like pill schedules. I think the intent is for general events. Something more along the lines of "Went to the park with grandchildren in the afternoon", "Saw old friend today", "Celebrated 87th birthday at favourite restaurant", and "Witnessed beautiful sunset last night".

about 5 years ago
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Swarm — a New Approach To Distributed Computation

Neoncow Re:I doesn't do much yet (80 comments)

I do hope for the death of the fad of using videos where a perfectly good blog post will do.

I thought that's what slashdot comments were for?

about 5 years ago
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Reddit Javascript Exploit Spreading Virally

Neoncow Re:NSFW? (239 comments)

And if you did have a braindead tripwire like that, it would have jumped on the fact that fuck is in the url in the summary.

about 5 years ago

Submissions

Neoncow hasn't submitted any stories.

Journals

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My first mod attack..

Neoncow Neoncow writes  |  more than 9 years ago Cool, I think I've just had my first mod attack. My last four posts marked overrated today. I mean, at 1 point, it looks like my opinions are worth waay too much by default.

I wonder what provoked it? It doesn't make much sense if it was just one of those people who think that there is enough positive karma in the system. At one point each, my comments are normally just lost in the swarm.

So, if you're reading this. Thanks for the attention, Mr. Mod

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Addiction

Neoncow Neoncow writes  |  more than 9 years ago

I've heard that the first step to recovery is admission. So here goes.. I am addicted to Slashdot.

I have an exam tommorow and yet I still feel compelled to come and check out slash headlines every 30 minutes. Reading the damn comments is taking up too much of my time.. And yet, much of my study material is dynamically generated by the course's website... So I can't just unplug the machine.

It's not like I'm even reading articles that I'm interested in. Why do I do this?

i think I will just stick with the offline study material until later.. that way I'll at be somwhat prepared if I get sucked back into Slashdot..

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A bit better

Neoncow Neoncow writes  |  more than 9 years ago

So I slept early yesterday. A rare occasion for me but it was all too neccessary. My head just kept throbbing. Couldn't think at all.

Head still hurts a bit now. The throbbing is not as intense. Will probably go out and get some tylenol or something.

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Brain burning

Neoncow Neoncow writes  |  more than 9 years ago

Graph theory. Why must such an interesting topic have assignments that burn my brain like this?

Headache + staring at dots to find K(3,3) = Sad Neoncow.

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Note

Neoncow Neoncow writes  |  more than 9 years ago Note to self. Go to sleep earlier. Seriously. There's absolutely no point of being up at this time unless you have work to, or you are having an inordinate amound of fun. I am reading slashdot. That doesn't qualify for either of the two options.

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Horizontal workspace

Neoncow Neoncow writes  |  more than 9 years ago

I wonder if there are any studies about working while lying down. Maybe there is some advantage to having your blood rush the brain, when moving from a sitting position to flat position...

Yeah

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False start

Neoncow Neoncow writes  |  more than 9 years ago

Well, apparently that didn't work. The journal has been sitting around for so long and I haven't tried to write anything in it.

A lot of the time I have these whimsical thoughts about how things should be and new things that I should try out. One of my ideas is that I should record these ideas somewhere because I tend to forget what I did the day before.

Blogging seems like a solution for this (this is probably a case of a solution looking for a problem, oh well). I'm too lazy to actually go set up a blog. I know it's easy to sign up with blogger or something. But I'm more interested in learning how to setup a server and install and maintain the software. I know the writing aspect isn't going to be the interesting part for me. I mean, I can't even get content for this journal. Bleh.

And anyways, people think I'm a computer person. I have a reputation to keep up. Problem is, I'm more of a knowledge sponge than a hands on person. I'd rather read about other people doing interesting things, than do it myself. Of course that's why Slashdot is such a time sink..

Should get off my lazy ass and just do it...
After midterms of course.

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Studying

Neoncow Neoncow writes  |  more than 10 years ago Today was probably not the right time to create a /. account and learn how it works... I should really be studying for my upcoming exams. I just don't have the focus that I need to spend hours doing calculus questions...

I mean, I just spent four hours reading /. comments, but when it comes to studying I don't have the patience... or maybe I can't get into the right state of mind that I need to just WORK.

I mean, when I have an assignment to do, there's always the incentive of beating a deadline. Hmm.. I guess the exam should be my deadline for this.. Damn. I feel dumb.

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The Karma system

Neoncow Neoncow writes  |  more than 10 years ago

Finally got around to reading about the Moderation/Karma system. I can't say it's what I expected. I thought everybody could moderate comments and that the +3 was just an approximation of hundreds of moderations. Apparently not.

I always wondered how a system like that could possibly work. Well, now I know. the system that's in place does seem better than my imaginary one though.

I guess that means that I won't be moderating any comments any time soon. In fact, I guess I'll be lucky if anyone reads my comments. =)

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Fresh

Neoncow Neoncow writes  |  more than 10 years ago

Well okay. So I created a Slashdot account just so I could have this semi-public(private) journal thingy. I wonder if this'll last. None of my previous journals lasted too long. At least the lifetime of this journal will be the same as the lifetime of slashdot.

I guess this is the end of my AC posts.. not that I made too many.

Now... I must figure out how the KArma system works.

Random: I like my /. account number. It's easy to remember.

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