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Wait. According to that article, the last major mask manufacturer in US offered to increase production and was turned down by government.

"In the end, the government did not take Bowen up on his offer. Even today[May 9, 2020], production lines that could be making more than 7 million masks a month sit dormant."

That article was published in May 9. Even on May 9, the production lines were dormant. How could this happen? It is unfathomable. The country probably had masks shortage since March. It is so hard to believe some of the things that happened this year.

How brittle is diamond? We know diamond is the hardest, but how brittle is it? It is good to have a non-scratching phone screen, but not if it is really brittle.

a very cool concept for doing a lot of projects where users need shared db.

There is also a way to create a smart contract that locks the fund until a certain time. And you can make it in such a way that the smart contract is executed by the network, not by an entity.

It does not require a bank account in that sense.

What you need is to hold your private key. You could, for example, holds your private key somewhere else, and inject that private key to your phone when you need to use it.

I think you might be confused about how bitcoin actually works.

If you want to change bitcoin's economics properties, you can. You just have to get all the nodes to agree with it. That is obviously very very difficult.

Bitcoin runs on a decentralized consensus system and uses this consensus as the truth. You can change that truth if everyone agrees with you.

In that sense, this is actually the true democracy.

Bitcoin network is the first truly-open financial/transaction/value network that allows developer to innovate on top of it.

What if you think it this way?

I also want to point out that bitcoin might have a shot at being a global currency.

good to see that you are adding more info about how it works. please keep posting more info. sounds like an interesting technology.

Accepting bitcoin as payment isn't beneficial right now. There's no benefit for merchants, because it's instantly converted back to traditional currency.

I see another benefit. Merchants benefit from lower transaction fee vs credit card.

perhaps it should be a button on the website, like "experience the site with FCC's Slow Lane".

That way, they can see what the site is like and if they choose to press the button, they can see what it is like to be on the slow lane. Otherwise, the first time visitor may not give the site a chance at all.

There is a correlation to bitcoin repo on github. Is that the cumulative number of repo on github with "bitcoin" tag? or is it the activity on github.com/bitcoin?

Personally, I would think that correlation to the number of bitcoin repo on github does not make sense because that is the cumulative number. However, if you can correlate to average recent activities on all bitcoin repo on github, that could be very interesting. :)

good point. something we ought to focus on.

How about correlation to Hacker News mention of bitcoin?

let's thinking about this from humanity's point of view in a thousand years. if someone stopped polio now, his name would be in history. if someone colonized mars, his name would be in history, and probably of bigger importance. because it is a more audacious goal and having higher impact to the future generation.

if you ask me to donate to stopping polio vs spacex, i would probably donating to stopping polio. however, that is because i'm a little bit short-sighted on goals. (incidentally, i guess this is why i'm creating an internet business rather than a space exploration program.) however, that does not mean i should not let other people try the more audacious venture.

Good eyes. The author fixed the title.

"We believe that hackers are building the future. They are the ones that are building new technology everyday."

Nice trending finding. When people are talking about bitcoin, very often they are focusing on the currency value. They sometimes forget that it is also an open platform. An open platform that brings financial transaction into hands of millions of developers. Making future more interesting. :)

At first glance, mining appears to use a lot of energy. But it has a very important property:

  mining is "fair" in money generation.  

It is funny how much the title could change the story perception.

If they titled it "Norway classifies Bitcoin as asset instead of currency". The tone would sound very different.

Another example is this:

"42% of Americans Know What Bitcoin is" [1]

vs.

"6% of Americans Think Bitcoin Is an Xbox Game" [2]

Both articles are talking about the same survey.

[1] http://www.coindesk.com/americans-think-bitcoin-is-xbox-game...

[2] http://www.theatlantic.com/technology/archive/2013/12/6-of-a...

Good to know.

What is the effect of treating it as commodity means to bitcoin business in Taiwan?

How is bitcoin perceived in Taiwan?

Good list. i would agree with you that those 5 items are what to look out for in the near future (the web, Bitcoin, drones and 3D-printers). I would probably add wearable computing to the list as well.

What the author said is very true. We should accept that there is no good way to estimate the schedule because each software is inherently new. Simply that it will be done when it is done.

Excerpt from the article: "The developers of bitcoin are trying to show that money can be successfully privatized."

-- Not really. Bitcoin is open sourced. They did not try to privatize bitcoin.

Excerpt from the article: "The currency’s issuer is an unknown computer programmer"

-- No, bitcoin is not issued by Satoshi Nakamoto in the sense that cash is printed by the government. The currency is generated by mining, which can be participated by anyone with the right equipment.

I do not have a better crystal ball than anyone here, but the article's author made a mistake in trying to shoehorn bitcoin into his own concept of currency.

But silver was successfully used as a currency for a long time in history of certain countries.

To achieve similar effect, some people are proposing changing the default unit to mBTC, uBTC, or satoshi. While it is not splitting, it should have similar effect. Instead of saying they own 0.6 BTC, they'll say they own 600 mBTC.

Hi, perhaps there is some misunderstanding of how bitcoin works.

People only need to know your credit card number, name, and expiration date to use your credit card to purchase something online. Since you give those information to many merchants, it is very easy for those info to leak out.

For someone to use your bitcoin to purchase something, they have to have your private key. When you make a purchase, you do not give out your private key to anyone. bitcoin and credit card are two very different things.

Credit card was not designed for internet, while bitcoin is.

One thing to note is that bitcoin not only made this autonomous system possible, it also made it transparent to outside (through open-source and public blockchain). In that sense, it could be considered more trustworthy than an actual corporation.

This is a chart on coinbase.com. Interesting, for a while, coinbase prices seem to be following with bitstamp price. but at this moment, it seems to be closer to mt. gox price.

At the very moment, I see mt. gox and coinbase price at $202. And bitstamp price at $194.

On the comment section of the article, someone is asking the exact same question. :)

The author answered: "I liked to shot of the tower … looks like it’s reaching out into space and time!"

http://btcgeek.com/dawn-of-autonomous-corporations/#comment-...

Interesting read to me, I did not know this. Good to read from someone who knows much more about corporate structure than I do.

I want to add one important point. Bitcoin not only makes it much easier to setup this kind of autonomous corporation, it also makes it transparent and verifiable by outside. It does so through being open source. And since no one actually owns it, it is completely transparent.

Hi wcoenen, perhaps you meant Coinlab, not Coinbase.