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Showing 15 of 15 results by Drendas
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Re: An Epic Tale of the Story of Cryptocurrency: CoinTrueMan vs. Dark Matter
by
Drendas
on 12/02/2015, 13:49:49 UTC
The princess is hot, and Darth Trader is sooo evil.
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Topic
Board Off-topic
Re: An Epic Tale of the Story of Cryptocurrency: CoinTrueMan vs. Dark Matter
by
Drendas
on 11/02/2015, 16:37:37 UTC
Check out this great comic strip at Cointelegraph

Great graphic novel, I love the art at Cointelegraph.
Post
Topic
Board Bitcoin Discussion
Re: Have You Heard of This Bitcoin Thing?
by
Drendas
on 29/08/2014, 09:20:45 UTC
Patience, grasshopper.
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Topic
Board Bitcoin Discussion
Re: Democracy 2.0 (Beta)
by
Drendas
on 29/08/2014, 09:14:25 UTC
How does such a system stop the governments/organisations/wealthy (i.e. those who control the media) from influencing the masses, in-order to influence votes?

I suppose this wouldn't solve the problem of money being used to influence voters, but the people would still have to opportunity to inform themselves of the issues at least.

The only true democracy is if the majority of media is decentralized and controlled by no one. When such media exists, then a decentralized voting system would make sense. But as long as the media is controlled by powerful organisations to advertise what they want people to think, all this is a waste of time IMO.
Modern day rulers are the people who control the media to influence the views of the masses. Modern day slaves are the people who watch the media and are influenced by the media.
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Topic
Board Bitcoin Discussion
Re: Democracy 2.0 (Beta)
by
Drendas
on 29/08/2014, 09:08:08 UTC
How does such a system stop the governments/organisations/wealthy (i.e. those who control the media) from influencing the masses, in-order to influence votes?

I suppose this wouldn't solve the problem of money being used to influence voters, but the people would still have to opportunity to inform themselves of the issues at least.

The point is that, people believe what they see on TV. TV influences what people think and feel. So if the people who control TV want votes to go in a certain direction, voting systems, even decentralized voting systems are useless, as the result will still go in the direction the government wants, which it can easily achieve via the media, i.e. influence people via the media, then those people will vote how the government wants them to vote.
Post
Topic
Board Bitcoin Discussion
Re: Bitcoin Jokes
by
Drendas
on 29/08/2014, 09:01:27 UTC
How many Bitcoins does it take to screw the banking system?
Moon.
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Topic
Board Bitcoin Discussion
Re: How would you store >100 Bitcoins?
by
Drendas
on 29/08/2014, 08:55:12 UTC
I would convert the Bitcoin to dollars then deposit them in my FDIC insured account.
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Board Bitcoin Discussion
Re: Why people price things in fiat but want BTC - choose one or the other
by
Drendas
on 29/08/2014, 08:48:54 UTC
Oh, c'mon! Are you stupid?
Post
Topic
Board Service Discussion
Re: Coinbase Insured
by
Drendas
on 29/08/2014, 08:42:24 UTC
Interesting. It's good to see Coinbase setting the standard here. Of course, employee infidelity and hacking are just two ways that bitcoins could disappear.

What about physical theft? Summary says that the insurance covers losses due to physical security breach, so presumably physical theft is covered. Missed that in the summary.
What about natural disasters, fire, flood, etc.?
What about kidnap/ransom/extortion of employees?
What about lawful confiscation (usually not covered by policies)?
What are the actual limits of the policy?
Are the limits on a per-account basis (like the FDIC), per occurrence basis, or per policy period?
Was the policy designed to cover the type of hacking that allegedly occurred with Mt. Gox?


Setting the standard for what, deception? 97% of deposits are offline and therefore uninsured.

True. Policy limits on the hot wallets probably aren't more than a few million.
If cold storage is as safe as Coinbase claims, then it should be able to get a separate policy on the cold storage for a much lower premium per dollar of policy limits.
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Board Bitcoin Discussion
Re: Retail adoption hurts bitcoin price it doesn't help it and here's why
by
Drendas
on 10/08/2014, 13:33:00 UTC
I talk to many people everyday who still have not even heard of bitcoin so what better way for people to be exposed to it than to learn on the job your company now accepts it.
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Topic
Board Bitcoin Discussion
Re: Retail adoption hurts bitcoin price it doesn't help it and here's why
by
Drendas
on 10/08/2014, 13:26:45 UTC
Do these businesses not have any employees? Every buisness that begins accepting has employees getting introduced to bitcoin for the first time. I agree it would be awsome if every buisness that accepted them would at least retain the 2-3% they would pay in fees in bitcoin and I think we as consumers have a right to only spend our coins with those retailers who openly state they retain a portion. But back to my origional point the world is a big place.
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Topic
Board Beginners & Help
Re: What should I do with over $4-5 worth in BTC?
by
Drendas
on 10/08/2014, 13:20:31 UTC
Dude, it's 5$. Keep your goddamn bitcoins for later.
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Topic
Board Bitcoin Discussion
Re: Bitcoin Momentum Grows in Emerging Markets | Forbes Report | #bitcoin
by
Drendas
on 10/08/2014, 13:06:29 UTC
$540 billion a year remittance market...
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Topic
Board Bitcoin Discussion
Re: Wikipedia Raises 237 BTC Through Donations In One Week
by
Drendas
on 10/08/2014, 13:00:04 UTC
Better late than never. Next time I see Jimmy's face on the page header I might actually chip in
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Topic
Board Bitcoin Discussion
Re: Bitcoin a project by the CIA???
by
Drendas
on 10/08/2014, 12:53:49 UTC
What a surprise. Mr "Cypress" is a retarded conspiracy theorist.