This article is a comment by a user Ginsoakedboy in a Telegraph article on Bitcoin. I thought it worth re-blogging as its perspective was not its validity or lack thereof, but the effect of its growth and how governments may or may not deal with it.
The beauty of bitcoin is that any discussion of its merits or otherwise, also includes much discussion about the problems of the current system.
Any attempted shutdown or prosecution of the bitcoin network and users simply generates publicity for bitcoin and the philosophy that lies behind bitcoin. I Imagine that most governments and secret services have so far not thought it worth it to increase the profile of bitcoin through an attempted shut-down Perhaps they are betting on it falling down on its own.
Of course, there must be a theoretical level of exchange in bitcoins which would cause governments and central banks to go for the legislative solution, but we’re not there yet. Most people have no idea what bitcoin is, or its potential significance. If and when the ‘threat level’ occurs, it will be interesting because governments and central bankers will have to mobilise against an idea that calls into question their very legitimacy. At that point, the battle will be messy, there will be many people invested in bitcoin who will be eloquent spokespeople who will engage in high profile debate against the system. I’m not sure what TPTB would fear more, the proliferation of an alternative currency, or a high profile debate about the current system?
When I started freelancing all I saw were positives. I can stay up late and sleep in, never take shit from a boss, and never ride the bus for an hour to get to work. But after two years the honeymoon is over and the realities of what this gig is all about are hitting me like a sucker punch. If you’re considering getting into the freelancing game, there are a couple things you should know that might change your mind.
BrainJuicer’s Tom Ewing wrote a blog post today about how the way we listen to music could change.
He envisioned people will soon have “attention regimes, in the way they follow dietary regimes and exercise regimes, and will have them in public: a proclamation of one’s listening regime will become a kind of social marker”; adding:
“Demonstrating you can pay attention in a world of instant clicks will be a mark of presumed character (and bragging rights) in the same way demonstrating you keep fit in a world of chairs and screens is among white-collar workers now.”
Almost two years ago, Safaricom Ltd extended the scratch card code from 12 digits to 16 in-order to increase the computational time required to break the code thereby making them more secure. However, system theory acknowledges that systems expose their weaknesses at points of change. I set to find out if the move to higher dimensionality introduced a weakness in the scratch card hidden reload number.
A recent report on the economic spin-off of a liberal visa regime asks an existential question of Indians. Why do we keep ignoring a low hanging fruit that would simultaneously answer many economic and social challenges and instead, pursue grandiose schemes?
Read More http://anjaliankur.com/tourism-is-the-easy-option-to-boost-the-economy-and-create-jobs/
A case for strong investment in tourism as opposed to other sectors.
Visa’s chief enterprise risk officer Ellen Richey says while she’s grateful when government approaches her about potential cyber security issues, most data breaches are identified by banks and payment systems, like Visa. Former deputy secretary of Homeland Security Jane Lute...
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VIDEO: Most data breaches identifed by banks, payment systems says Visa's Ellen Richey
When Facebook (s FB) acquired Instagram last year, many wondered how the photo-sharing service would be monetized. Now we know: A couple of weeks after hitting 150 million active users, Instagram announced in a blog post Thursday that U.S. users will begin seeing ads in their Instagram feeds within the next couple of months.
The news isn't particularly surprising: Emily White, Instagram's director of business operations, told the
If you play around with enough connected devices or hang out with enough people thinking about what it means to have 200 connected gizmos in your home, eventually you get to a pretty big elephant in the room: How the heck are you going to connect all this stuff? To a hub? To the internet? To each other?
I refuse to suck up to this fake sense of Kenyan patriotism.
I grew up reading books on Kenyan history and singing to the tunes of patriotic songs that were constantly propagated by the Kenya Broadcasting Corporation. I went to school in a single party state when there was no difference between government and political parties. I was taught history that was cooked by the curriculum developers to deliberately make me become patriotic to the country Kenya.
Our society, from the year 2013, has been redefined by two terms; Accept and Move On and Willing Buyer and Willing Seller.
From the highest office in the land, we replicate these mantras to the mouths of babes.
My camera was spoilt. I cannot explain exactly what went wrong. The lens just stopped working. Exasperating.
In the old days we understood the mechanics of things, we knew everything about every appliance that we had; if ever there was an issue, all we had to do is open it up and swop a part or two.
Nowadays all items are driven by hidden advanced technology. There are layers and layers of development over a single product, such that we don not even remember why some layers existed in the first place.
This means of course that in the present day, even those we call specialists do not understand the underlying technology of products. All they have an understanding of is the usage of the technology diagnostic tools.
Fixing issues itself is automated. Look at our vehicles, our factories.
I forsee a future where the true superman will be the man with menial, base and background knowledge of the substratum of technology.
Case in point, my camera. Had I the know how, this being a fairly simple device, I should ideally be able to diagnose and swop out the part that is faulty.
The reality is quite different. I had to take it to this lady who smiled sweetly at me. She informed me that diagnostics ( I.e for her to merely look at my device) would cost me one thousand shillings.
She would then give me the cost of what is required for her to conduct the repairs, for me to elect whether she should fix it or walk away.
She smiled sweetly with the knowledge of what’s to come.
I handed the device to her.
I felt right there and then, that I had given something away: susceptible, vulnerable. Like I had knowingly played myself and yet still had no alternatives.
She went into the backroom to conduct her diagnostics. In my minds eye, as I anxiously sat in her waiting room, I could see her opening the device, then picking a brown hammer and crushing the device’s innards then picking up the broken pieces and bringing it to me to claim that was the issue.
Indeed, she brought out some black,round thing, broken, and told me that it was the gear of the camera lens, which was broken. To replace it I had to part with 5 sticks.
I felt robbed. But I paid. Neither knowing the market rate for camera lens gears,nor any better place, and didn’t even know the service rate for the devices, what was I to do?
Reasonably of course, fixing a device should ideally never be more than a third of its cost. If it is, you are getting played. But this is an arbitrary rule of caution, not of fact.
Some things do cost more to repair than to purchase brand new.
I was angry at myself, but thereafter distracted myself with more pressing or more entertaining issues.
My only option? Accept and move on.
And trust in God, trust in the system, trust in my good luck that all is right with me. Because to fight may be futile.
This scene,this sense of loss, is replicated in all avenues of Kenyan living, in our constitution,in our MPs,in the courts, in the supermarkets, in our perishable goods, our rent, our religion, fashion, name it.
We live believing that a higher power, a higher mind has considered us and is looking out for us, and that whatever we experience, there is some explanation in the grand scheme of things for our own good.
This is why we accept and move on.