singularityyy

Does anyone know why homoeopathic remedies are so common in India? Even my very educated Indian friends seem to use them with a surprising frequency, sometimes over actual medicines.

Microsoft didn't "give away" MS-DOS. Try making something useful out of it and you'll be sued faster than you can say MikeRoveSoft.

That seems like the most plausible scenario anyway. Karpeles was just trying to take down Bitcoin with him by blaming it on a 'Bitcoin bug'. All this is a joke just like everything else in this sad saga, such as "cold storage leaking".

I wouldn't attribute to malice what could be explained by incompetence, but seriously, this cannot be explained by incompetence.

I wonder where the future of 'social' is going. If history is any guide, Facebook will soon be out of the 'cool' factor and younger, nimbler startups with take over. It's not clear to me though what kind of experience these will provide, i.e., what features will attract the next generation and form that critical mass. I do like the social app ecosystem to be fragmented though, it makes for good options and interesting new ideas to be tested.

Isn't doing this against the law in the US or Japan? These things are just not acceptable. Karpeles needs to go to jail for a very long time

Didn't the founder of Bitcoin himself dub Bitcoin as money?

Nice! IMHO, New York would be my city of choice for crypto-currencies to take off, not that we need one city to be a model. I am just saying because the author is right - as much as I absolutely adore SF, New York as a city can offer a much broader system in which to exist.

If only someone told you the difference between an online exchange and online wallet. Tell me again how I shouldn't use a centralized exchange but should use blockchain.info to .. buy Bitcoin?

What does regulation have anything to do with what I wrote? Do you know you can demand things as a consumer? As a group? As a community? As a market participant?

Target 'leaked' 70m+ credit card details and there was no regulation that would have forced them to disclose it. But yeah, lets make all the regulation in the world for Bitcoin exchanges, because, you know ...

Jesus man, do some homework at least. It's not an online wallet, it's an exchange. Do you not understand the difference?

We really need more transparency in Bitcoin exchanges, and this needs to come from within the community. The days of 'playing around' are gone, this is serious business now. Industry leaders should at least form a consortium that handles these kinds of issues and at least does an audit of funds. In addition, exchanges should prove they have the said funds. It's a public ledger folks, we need to demand more openness and honesty.

That reads like a highly un-objective view of the book, not trying to dissuade people from reading it though - I think it's a nice perspective

Thanks for covering this. The article doesn't mention the price, which is a big deal right now. According to Coinmarketcap, the value of 1 AUR now is $15.09. You mention each Icelander getting about 31 AUR, so this is over $450 worth of value for every single Icelander. That's a significant incentive for everyone to sign up. Good luck to Icelanders and to the team behind Auroracoin, exciting times ahead!

Still autonomous. Why are they not autonomous as described in the article?

Considering any positive comment will be buried deep under in HN, I think it's important to celebrate this success. Price of Bitcoin is meaningless, all other metrics seem to point to higher and higher adoption of this new technology. Great news!

No security is perfect of course, but Coinbase has over 98% of the funds in cold-storage. See: http://antonopoulos.com/2014/02/25/coinbase-review/

Exactly. Bitcoin is too big to experiment on, and the arguments of the hardcore-Bitcoin folks who hate altcoins are getting more and more ridiculous.

I agree, this is fantastic stuff, and definitely a very good explanation for what things can be. Crypto-currency is a very very interesting space and not many appreciate it. It solves the core problem of how to deal in money, which is needed as the first stage of AI in order to create a machine that can interact with our human world.

Dividends can be distributed just like dividends are distributed in current companies - on a pre-declared date, everyone holding the 'stock' will get the dividend.

Crypto-currencies are really backed by the value of services that they provide.