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Venture-Backed Bitcoin Miner Startup Can't Deliver On Time, Gets Sued

um... Lucas Re: Best Lawsuit Ever. (120 comments)

You're not factoring the effect all of the other cointerra miners would have had on the difficulty. The effect is not insignificant.

about a month ago

Venture-Backed Bitcoin Miner Startup Can't Deliver On Time, Gets Sued

um... Lucas Re: Best Lawsuit Ever. (120 comments)

No, you can only look up and guess what he would have made. You also have to figure in the results of all the other delayed cointerra orders coming online a couple months earlier. Those 2 TH wouldn't generate nearly as much if 2 PH of other hashing powe came on in December, followed by 4 PH in jan and 8 in feb.

Miners face many risks. The value of bitcoin. The number of other machines coming online. And the likelihood of receiving their machine, which is often only in the planning stage when they order it.

In the real workd there is no such thing as risk free. When you buy a stock at X there's no one to sue if it goes to W instead of Y. And people investing in miners face new risks. The adage don't invest what you can't afford to lose is just as relevant. And the courts shouldn't be the refuge of people who simply bet wrong. And Thad's what it was , betting that Cointerra could produce what they said they would when they said they would with no prior experience doing so, just a guy who worked for many years in the semiconductor field.

about a month ago

Your Old CD Collection Is Dying

um... Lucas major class action... (329 comments)

Don't i recall that these disks were advertised as having shelf lives of 100+ years? And that they were fantastic archival mechanisms... and now we're finding out that they only lasted 10% the rated time

This site says 50-100 years; http://searchstorage.techtarge...

Though the government only thought they'ed last last 2-5 years here...

about 2 months ago

Why Mobile Wallets Are Doomed

um... Lucas Re: You mean.... (272 comments)

Oops. Accidentally posted that too soon and before logging in.

Anyways, had those people had bitcoin wallets on their computers, those assuredly would be emptied.

Third party wallet hosting services aren't an answer - while there may be some trust worthy operators out there, there's far too many people that aren't. People who would never ben entrusted to hold $10 throw up a pretty website and see $10 million transferred to their control. Even if they resist the temptation, just the knowledge of how many coins those services become huge targets for criminals.

So, no... as cool of a concept as bitcoin might be, an electronic currency that allows for irreversible transactions is not a good thing for the average user.

about 2 months ago

Rand Paul Suggests Backing Bitcoin With Stocks

um... Lucas Re: History (404 comments)

I start a company that makes widgets. I'm the only employee, so I make the widgets. I'm sure we'd agree that I'm producing something.

Next, I hire 10 people to make the widgets, and I take on a managerial role. Am I still producing something? It's not by my own hands, anymore.

Later, I hire people to do the management so I have no day to day responsibilities. It still is the conpsny I started, so if someone asked how I didn't have to work anymore, I'd say "I started company and my company makes widgets". Heck, I might take more direct ownership and say "you know all those widgets? I own the company that makes them, those are my widgets". I'd be insulted if you said I had no role in their production.

Even further along, you see how great my company is and buy it from Me. When someone asks what you do, you can say "my company makes widgets", can't you? You didn't start the company but you own it, and you can make it stop making those widgets at any time, so you can definitely take credit can't you?

So... Regardless of who created it, a 100% owner can definetly take credit for their company's production, can't they?

What about a 75% owner? 50% 49.999%

A share of stock isn't just a piece of paper, it's proportional unit of ownership of a company. If no one owns greater than 50% of the shares then there is no one with final say over what the company does - everything must be agreed upon by a consensus of the company's owners. And each person gets a vote in proportion to their ownership.

Don't like what a company does? Submit a proposal so the other owners who disagree can vote too

I remember during gulf war II, people were urging one another to divest themselves of Haliburton stock, like that would have any impact on the company at all. I suggested the other route / people who didn't like their war profiteering should band together and buy as many shares as they could. If the disaffected bunch could get 51% ownership they could actually make a change- I suggested that they could, through a simple shareholder vote and majority ownership, turn Haliburton into the worlds biggest lollipop manufacturer.

So. I do argue that owning shares of a company is equal to owning a company directly. You just need to reach consensus with the other owners. No different than me and you or a husband and wife owning a company, except there a lot more voices

about 3 months ago

Google Hit With Antitrust Lawsuit Over Default Search on Android Phones

um... Lucas Re:flame on! (221 comments)

Not only can you go to Duck Duck Go's website, they also host a hidden service on the tor network. So, if you want to search the internet without big business looking over your shoulder, they're a great choice... I like, too.

about 3 months ago

Hulu Blocks VPN Users

um... Lucas There is no conspiracy. (259 comments)

Regardless of the users IP, Hulu can track those users and sell their information, VPN or not. They've got those subscribers billing credentials, after all. A VPN is useful if you don't want someone else looking into your connection, but for the site you're visiting, especially one that needs your credit card, a VPN isn't meant to be a protection from them getting your info. Your ISP won't (or at least shouldn't) have a clue that you're visiting Hulu, should you be using a VPN, though.

So no, there is no attack on anonymity here.

about 3 months ago

FileZilla Has an Evil Twin That Steals FTP Logins

um... Lucas Re: Defamation (197 comments)

Why would the nsa need to steal FTP logins this way? Aren't FTP logins already done in plain text, meaning they could scarf them up as the traffics going through routers they control?

about 6 months ago

Is the West Building Its Own Iron Curtain?

um... Lucas Re: No (337 comments)

We only learned how to do what we do from our parents (the British). And every other empire or attempted empire in history would have used the tools available just like we do. Besides, doesnt Britain (or maybe just London) have more cameras than people at this point?

Say what you want, I'd rather be here in the us than so many other places... China, Russia, any of the "istan" countries, any Arab country, Israel, any where in Africa, and so forth.

Not to minimize our wrongs (and if you're bored enough to look at my old xomments you'll see I'm consistent at calling them out) but there are plenty of other countries that are far worse than us. Yeah, some do it with our support but plenty do it without.

I just get perturbed, here and other places (ahem... Reddit!), where people act like the US is the singular most evil and oppressive country in the world, when the fact of the matter is that that we can even say such things without worry of reprisal means that we have it far, far better than huge swaths of humanity.

Could we be better? Of course. Could we be worse? Frighteningly more so.

about 6 months ago

23-Year-Old Chess Grandmaster Whips Bill Gates In 71 Seconds

um... Lucas Re: Runtime... (449 comments)

Whenever I pla someone for the first time, I always try the 4 move opening. If they catch me, I apologize and just say " sorry, had to try"

about 6 months ago

GPUs Dropping Dead In 2011 MacBook Pro Models

um... Lucas Re: Warranty Shouldn't Matter (359 comments)

I stand corrected.

I did replace the battery in my last generation Macbook Air a few months ago, and in that case, there was nothing removable from the motherboard that I recall. Just sold it used and purchased the 15" pro and knowing that the SSD can eventually be replaced and hopefully upgraded makes me a lot happier.

about 6 months ago

AMC Theaters Allegedly Calls FBI to Interrogate a Google Glass Wearer

um... Lucas Re: Lesson from this story...don't be a glass hole (1034 comments)

I'm having trouble coming up with too much sympathy here, except being detained for 5 hours is overkill.

Agree or not, we all know that it's illegal to record movies in the theater. We can all bring out cell phones and digital cameras with us because they make so much light when they're in use that it's apparent if someone is using one to record a film, not so with google glass. And since it's such a new technology, there are going to be a ton of people who don't understand it.

There are many other places where filming is forbidden, and some places where even bringing a camera capable device is forbidden too, so the guy should have some common sense and bring a pair of prescription glasses for yhose eventualities.

Anyone with enough money to get a glass surely has enough funds for a pair of ordinary prescription glasses.

about 6 months ago

US Geneticist Discusses North Korea Trip With Dennis Rodman

um... Lucas Re: We can learn a lot from NK about ski park desi (101 comments)

Dude, you need to use a sarcasm tag or something... I wasted thre of my lifetime quota of clicks following your links, thinking "he's got it completely opposite"

about 6 months ago

GPUs Dropping Dead In 2011 MacBook Pro Models

um... Lucas Re: Warranty Shouldn't Matter (359 comments)

I have to wonder what the result will be if all new macs having their ssd chips soldered to the motherboard? I mean, you cant just buy one used and swap the harddrive anymire. when those chios die, theyre dead for good. woukd putting the ssd on a daughter card be that difficult? even if apple diesnt want it user serviced, it woukd save theur techs a ton of time when needing to repaur them, and would probabky speed up the buikd to order process

I digress im just a lowly end user and tim cook is master of the supply chain

about 6 months ago

Swarms of Small Satellites Set To Deliver Close To Real-Time Imagery of Earth

um... Lucas Really? (112 comments)

You just know the nsa is gonna love this. Sure, the nro already has satellites, but think of how many more eyeballs there'll be available to co-opt.

about 7 months ago

Counterpoint: Why Edward Snowden May Not Deserve Clemency

um... Lucas Re: What's good for the goose (573 comments)

I don't know if you're serious as someone else rated you funny, but as the lack of terrorist attacks since 9/11 is cited often enough as reason to justify all of our countermeasures, I'll assume you're serious.

While 9/11 was a tragedy, let's also not forget that it was a singular event. Would a huge expansion in the intelligence community have stopped it? Who knows. Personally, I think the thing that would have had the greatest chance of stopping it would have been a commander in chief who would have taken memos from his intel guys that said things like "al Qaeda training to use planes in the us", "bin laden determined to strike at the us" and "all the alarm lights are flashing red" seriously might have done the trick. Instead, he sleeps on the job and our massively expanded intelligence apparatus is turned against us instead.

about 7 months ago

Memo To Parents and Society: Teen Social Media "Addiction" Is Your Fault

um... Lucas Re: It takes a village... (271 comments)

Whenever I go to my hometown, I'm struck by the dearth of kids hanging out like we used to. They just are nowhere to be found. But the, there sure are a lot of no loitering signs, no skateboarding signs. I assumed that they're staying home on their own accord, playing tony hawk instead of trying to actually skate on their own. But then, when friends drop their kids off places, they leave but expect them to answer their phone at a moments notice. Worse, I think, is using gps to track them. And then, even when they're home, parents now have an array of trully scary monitoring software. Kids today really do lack the freedoms that kids of yesteryear had. I just assumed that they liked it, for the most part, rather than herding into all the chat apps simply because they can't see their friends face to face anymore.

about 7 months ago

Mark Zuckerberg Gives $990 Million To Charity

um... Lucas Re: oh boy... (230 comments)

It's not like he did a sham transfer to a strawman. He transferred them to his foundation, irrevocably. Just because the foundation has his name doesn't mean he gets anything from it. Aside from getting to vote the shares the way he and the rest of the board agree, the shares are gone to him - any appreciation, all dividends, they all are for the bill and Melinda gates foundations benefit, and that organization publicly discloses their tax return so you can verify that.

Creating and funding that foundation did nothing with regards to microsofts antitrust case, except make bill a lot less rich (but still in the top 3)

about 7 months ago

The FBI's Giant Bitcoin Wallet

um... Lucas Re: Bubble? Not necessarily .... (177 comments)

Yes, ASIC's can hash SHA256. But suppose a flaw is found in SHA256 - not a crushing flaw that renders it useless, but something theoretical enough that researchers are worried. My bet is that Bitcoin would stay put on SHA256 because of the huge investment in custom hardware to do the work.

I've been following Bitcoin for a long time now (comparatively to many, at least). And i think the move to ASIC is the worst thing that could have ever happened to it. Each day that goes by, bitcoin becomes even less "peer to peer" than it was before. As a fan of the peer to peer currency idea, I think that's a net negative.

about 7 months ago

The FBI's Giant Bitcoin Wallet

um... Lucas Re: Bubble? Not necessarily .... (177 comments)

Youre right, it is a 1.0 attempt at a peer to peer currency. But it'll be next to inpossible to go back to the drawing board on it. Too much vested interest. Think all those people who have spent tens of millions (most likely) on mining equipment will endorse even a slight change to the algorithm that renders their equipment useless? Not likely. And that's just at the simest level. Then there's more fundamental things like block generation rate ( which is the time for a transaction to get into the block chain), even if 90% of people thought it should be changed, it's not a democratic process - so long as the important people thought otherwise, nothing would happen.

Point out enough of this on the bitcoin boards and you're told "if you don't like it make your own" but then if you make your own, at best it's called a cheap knockoff with a couple parameters changed, at worst it get attacked by bitcoin miners in the name of "defending bitcoin"

about 7 months ago



Is Oracle Linux acceptable?

um... Lucas um... Lucas writes  |  about a year and a half ago

um... Lucas (13147) writes "I wanted to ask the slashdot community their thoughts on their choice of Redhat compatible distribution. I'm working on a project for which there's no money, but there may be in the future, so keeping initial costs down is important. The choices seem to be as follows:

RHEL — just get stick with the real McCoy and call it a day. I'm somewhat disappointed that Redhat doesn't make ISO's available anymore, but that's outside my control.

CentOS — CentOS seems to be RHEL, just free and without support. By my reading of it, CentOS is just a couple of people, who are busy repacking and compiling all the code coming from Redhat. My concerns with CentOS are A) no support option, B) if one of their key people got hit by a bus, that could introduce noticeable delays in their releases.

This brings me to the third option — Oracle Linux. I'm beginning to think that this is the ideal way to go — the distribution is freely available (unlike Redhat), yet support is available should I want the option (unlike Centos). I do wish that I could go this route with Redhat, but I can't.

I've also read a little bit about Scientific Linux, but since the maintainers are more concerned research institutions, I feel like I should side-step that one, as it would essentially leave me in the same place as CentOS would.

So the question here is, am I missing something? I'd really like to go Redhat, but can't justify the cost initially. Oracle seems to be getting a thrashing for their offering, but it really sounds like they're offering what I'm looking for.

So, fellow slashdotters, which way would you direct me? (If it matters, the installation will be the basis of blackbox hosting several virtual machines, virtually networked, with just one of them facing the rest of the internet). I'm still tossed up between KVM and Xen, but for developmental purposes, I'm going with KVM.

Thoughts are appreciated"

Link to Original Source

um... Lucas um... Lucas writes  |  more than 7 years ago

um... Lucas writes "I've been looking for a distro with a very small footprint recently. Something with KDE (or Gnome), power management tools, TCP/IP, wifi, Firefox, Thunderbird, Acrobat and nothing else. I'd like to build a very minimalistic laptop, that can boot linux, throw everything into a RAM disk, and be able to happily browse the internet from whatever location... I know I could get any old distro and start stripping things out, but does anyone have any ideas, recommendations, as to a starting point?"


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