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BitCoin Value Collapses, Possibly Due To DDoS

cortesoft Re:Well the ultimate value of Bitcoin is (605 comments)

Some of your argument is interesting, but the idea that something's value is equal to the effort that it takes to obtain/create the thing is certainly not the case. There are lots of things that are very difficult to create and/or duplicate that have no value. If I have my computer hash random strings until I get a hash that includes my name in it, even though it might take 10 hours to do (and would take another 10 hours to duplicate), it doesn't make that random string valuable.

Value is the benefit I get from having a good or service (http://en.wikipedia.org/wiki/Value_(economics)). While often times it is correlated with the difficulty in obtaining something, they are not equivalent.

That being said, your argument could still (sort of) work like this: there SHOULD be a cap on the value of a bitcoin.... the $ cost in computing power to mine a new coin. Whenever the price rises much above that, there should be an economic incentive to spend the money mining a new coin instead of buying the coin on the market. Of course, this price isn't a HARD cap, since there is still a capital expense in buying the hardware to mine the coin (or the opportunity cost of not using that hardware to do something MORE valuable), but it shouldn't get too high above that cost.

Of course, the fact that the cost to mine a bitcoin increases with each previously mined coin makes this even more complicated..

about a year and a half ago

Ask Slashdot: Job Search Or More Education?

cortesoft Advice from another Philosophy major (182 comments)

Just go get a job. I was a self-taught programmer as well, and got my BA in Philosophy, too.

When I decided to try making my hobby a career, it was RIDICULOUSLY easy to get a job. All I did was use some personal projects as my resume. Showed them my code, showed them what I could do, and was hired.

No one has ever cared that I didn't have a degree in a computer-related field. In fact, my boss never even went to college. You just need some way to show you can do the work. If you don't think you are good enough yet, practice! Create some side projects. Work on open-source projects. Add these projects to git, and suddenly you will be getting a TON of emails about work. Trust me.

about 2 years ago

Indian Man Charged With Blasphemy For Exposing "Miracle"

cortesoft Re:A better question... (796 comments)

You describe Pascal's Wager (That you have nothing to lose and everything to gain by believing in God, while you have everything to lose and nothing to gain by not believing in God). This can be a compelling argument to someone who already believes in God, or is in a culture where there is only really one choice of religion.

However, the argument is a poor one. An unmentioned premise of the argument is that there is only one possible God to choose to believe in or not; of course, we know this is not true. There are countless different Gods that people choose to believe in. There are the major religions, and all of the thousands of offshoots. Many of those beliefs include the idea that God HATES it if you worship the wrong God (think the First Commandment).

Because of this, you have to include in your calculation that you choose the WRONG God to believe in, and in doing so you actually piss him off more than if you had not believed at all. Maybe God exists, but his REAL desire is for no one to worship him, and worshipping him is what pisses him off.

There are infinite possible Gods, so the argument that you should just choose to believe in one of them because you have nothing to lose doesn't hold water.

more than 2 years ago

Facebook To Buy Instagram For $1 Billion

cortesoft Re:One Billion? (162 comments)

It is quite rational, really... even if you know something is a bubble and will eventually burst, you might also think that you can make a bunch of money riding the bubble, and still get out with your profits before it bursts. Some people DO win; you just never know if you are going to be the one caught holding the bag.

more than 2 years ago

Have We Reached Maximum Sustainable Population Size?

cortesoft We keep saying this... (1070 comments)

The Earth wasn't supposed to be able to support half the current global population.

Then Norman Borlaug came along, and turns out we could support more. Who knows this time around?

more than 3 years ago

Microsoft Buys 666,000 IP Addresses

cortesoft Re:Speeding up ipv6 adoption? (264 comments)

Amazon gives you a unique address for each instance you spin up.

more than 3 years ago

Dutch Court Rules WiFi Hacking Not a Criminal Offense

cortesoft Re:IF this passed in the US... (234 comments)

How is this different than stealing your car, taking it for a spin, and then putting it back in your driveway?

Would you respond "Learn to install a better alarm and not allow your car to be hot-wired so easy"?

You don't have to install an unbreakable lock to be protected from theft in the eyes of the law.

more than 3 years ago

Apple Negotiates For Unlimited iTunes Downloads

cortesoft Re:Better service.. (133 comments)

Apple could have the same infrastructure cost if they use bittorrent to distribute their content. The Pirate Bay still has to pay for it's servers.

We could argue about the cost of producing music for ages. I will bet dollars to donuts, however, that a negligible fraction of your download price from apple goes to actual production costs.

more than 3 years ago

Apple Negotiates For Unlimited iTunes Downloads

cortesoft Better service.. (133 comments)

You know who lets you download your songs as many times as you want?

The Pirate Bay

more than 3 years ago

App — the Most Abused Word In Tech?

cortesoft Maybe app isn't short for applicaton (353 comments)

As the article points out, an 'app' is very different from an 'application'. I have never heard someone refer to an iPhone program as an 'application' and I have never heard someone use the term 'app' to refer to a stand-alone desktop software. This would seem to imply that they are distinct terms, and one is not merely shorthand for the other.

This is not the misappropriation of one term, but the creation of a new one. Sure, the word app has its root in the word application, but there are lots of words that come from old words (in fact, most words have their roots in other words that mean different, but related, things).

I think the only time that anyone should complain about the misuse of terms is when it is unclear which version of the word someone is using. An example from the article is the misuse of 'download' for 'upload'. If someone says download when they mean upload, it can be confusing. If someone calls something an 'app', no one will think they are talking about a desktop application.

Also another complaint with the article: applications have always referred to more than just 'a self-contained piece of software installed on a PC or Mac'. All other operating systems have applications as well.

more than 3 years ago

Tunisian Gov't Spies On Facebook; Does the US?

cortesoft Re:So turn javascript off (221 comments)

Facebook won't even let you view their site with javascript off (you can try for yourself if you like). They will tell you to enable javascript, or you can use their mobile site (which does not have the same functionality).

You aren't going to get Facebook users to turn off javascript.

In this case, what the actual problem is is that the users weren't using SSL. The ISP was injecting javascript directly into the HTTP response.... this can't happen if you are using SSL (properly).

Facebook doesn't default to https; you have to explicitly decide to use SSL. Most users don't know enough to know to use SSL, so a better campaign than trying to get people to turn off javascript (which will hinder the user experience) is to get them to only use sites that are https (which will have no negative effect for the user).

In fact, your solution to only allow javascript for certain sites would NOT fix this problem.... users would naturally turn on javascript for facebook, and since the ISPs were directly injecting the javascript into the HTTP response, the javascript was running under the facebook domain.

more than 3 years ago

Hard-Coded Bias In Google Search Results?

cortesoft Re:Not Search Results (257 comments)

It also shows that Google has lazy programmers... they can't regular expression out a comma?

more than 4 years ago

Bible.com Investor Sues Company For Lack Of Profit

cortesoft Re:What are "Christian business principles", exact (181 comments)

Yeah, because they put CRACK in their chicken nuggets. Have you had them? There is certainly SOMETHING highly addicting they add.

more than 4 years ago

Earth-Like Planet That Could Sustain Life Found

cortesoft Re:Venus and Mars (575 comments)

Yeah.... it is like these guys never played Sim Earth as a kid or something.

more than 4 years ago

No More Need To Reboot Fedora w/ Ksplice

cortesoft Re:Scary analogy (262 comments)

Although if you have a problem upgrading your kernel, there is a good chance you will end up having to reboot.

more than 4 years ago

HDMI Labeling Requirements Promise a Stew of Confusion

cortesoft Re:My only question is... (396 comments)

Good idea, until you want to play any new Blu-Ray movies you get.

more than 4 years ago

Sending Data In Bursts of SMS Messages

cortesoft Re:Oops (181 comments)

You are assuming this is to solve a technical issue, that they are trying to efficiently use resources.

However, if you consider that they are trying to solve an issue with how phone carriers charge for data usage, you will see where this might provide value.

You are correct about text messages on modern networks being just data; however, providers do not charge the same for this data usage.

In some places, they charge much more for text messages than data usage (here in the U.S. is an example of one of those places); in those places, you try to find ways to use your data plan to send text messages. This might be in the form of instant messengers or the like.

In places where text messages are cheap but the data plan is expensive, the opposite desire comes into play; you start trying to get data sent through text messages.

When you think about this as a way to get around the arbitrary price differences between the same data, you can see how this would be valuable.

more than 4 years ago


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