Show Posts

This section allows you to view all posts made by this member. Note that you can only see posts made in areas you currently have access to.

Messages - unix

Pages: [1] 2 3 4 5 6 ... 81
And the dedicated computer gear will be obsolete in 18-24 months.

My very uninformed opinion on mining is this (at the BlockChain) level....

As I understand it, "mining" is the term used for all the (worldwide) compute power to do the processing of the blockchain processes.  Since there isn't a centralized processor for this, it appears the overall / distributed concept is that everyone that's set up a "miner" earns minuscule amounts of "things" (bitcoins, ethereium, etc) in exchange for this compute processing.

I think BlockChain shows some long term possibilities, but don't know if BitCoin, Etherium, etc. is "it".


I see. So you are not "mining" anything. You are offering a service, for which you get paid, correct?

Discussions - Public / Re: Damore's Class Action Lawsuit Against Google
« on: January 13, 2018, 11:23:04 AM »
I applaud him.


What I don't get it, why don't people use gold coins, if they want to evade taxes or move large amounts of currency?

0.1 oz gold coin  is dime-sized, even smaller and is worth almost $200.

Discussions - Public / Re: Damore's Class Action Lawsuit Against Google
« on: January 11, 2018, 05:42:16 PM »

Gulag is such a hypocrite.. switch to an encrypted search page like duckduckgo or startpage


That maybe so, but I need assurance that it won't suddenly crash to zero.

I could have that assurance with say precious metals, they fluctuate but won't head to the bit bucket in a few nanoseconds.

What is the point of "mining"?  Why is that necessary, I don't get it?

Discussions - Public / Re: The truth about BitCoin and the world economy
« on: January 11, 2018, 05:39:38 PM »
I would jump on the BTC bandwagon *if* the rules were such that it could never be expanded. If they agreed on a fixed amount of currency and that was it. 10 million or 5 thousand.

Here is an economic truth #999 *drumroll*

The quantity is irrelevant. Any amount of currency will do, because each individual unit of currency, crypto, gold, paper or seashells will adjust its purchasing power to reflect the quantity.  It's not necessary to grow the currency at all to have a functioning economy.

e.g. you can make 1 bitcoin per month or 1 dollar per month if a car costs 5 dollars and a meal 1/4 cent.

The fatal flaw in this cryptocurrency, as I see it, is all this mining bullshyt.   this means someone can run a mining farm and constantly devalue the currency at my expense. they make coins at the expense of non-mining members.

Discussions - Public / Re: Full Damore v Google image extract
« on: January 11, 2018, 05:35:40 PM »

Planet Gulag.

It's the height of insanity. They are trading shyt that has absolutely no intrinsic value. Zeroes in some database. Can be turned off as easily as it was created.

At least Federal Reserve Notes were created using some valuable natural resources, like trees and cotton and ink.

Good point.

Discussions - Public / Re: Latest season of Black Mirror on Netflix
« on: January 09, 2018, 05:07:49 AM »
It mocks the high tech we depend on in all aspects of our lives.
It is a parody if you will.
Completely deserved.

I liked the episode where that girl had to give 5 stars to everyone to get anywhere; and the one where they had that dating system for a random period of time. Right on the money.

Discussions - Public / Re: is everyone MIA in this snow apocalypse?
« on: January 09, 2018, 05:05:00 AM »

Yesterday they announced sleet and freezing rain, dc area, everyone was freaking out, roads paralyzed and the icing on the cake was there wasnt actually any rain or sleet. For 10 mins and thats it. Roads were fine yet the @#% idjiots wrecked anyway.
Analyze this.

Discussions - Public / Re: is everyone MIA in this snow apocalypse?
« on: January 05, 2018, 05:47:01 PM »
My own theory is that when the apocalypse comes that a large % of the population is going to eat it hard. They just aren't going to make it.

You are right. 3/4 of the population, or 80%.   All the fedgov people who rely on the system for everything.

They wouldn't know how to dig out potatoes from the ground or pick apples from the trees.

Discussions - Public / Re: is everyone MIA in this snow apocalypse?
« on: January 05, 2018, 04:09:01 PM »
I could never understand the physics behind the wind breaking such massive 100 year old trees. It would seem that the root system goes way down and out. Yet it breaks it in half like a chop-stick, or tears it out with the entire root system.

Pages: [1] 2 3 4 5 6 ... 81