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Topic: 2013-02-23 Slashdot: Internet Archive To Pay Salaries Partly In Bitcoin (Read 1336 times)

hero member
Activity: 784
Merit: 1000
0xFB0D8D1534241423
Ugh. Microsoft stocks are a ponzi scheme: early adopters benefit  Roll Eyes
legendary
Activity: 2408
Merit: 1121
Slashdot is now full of idiots, more than usual. Sure, they can recompile a kernel and argue the subtleties of bytecode generated by different compilers, but honestly they don't have a single clue when it comes to disruptive tech.

For instance, the whole 'ponzi' thing is ridiculous, but they'll point at the several-thousand percent run that bitcoin has had so far as evidence of shady dealings. Guess what, other things gain a couple thousand percent and they're traded on the world exchanges - reference:

"Ten penny stocks that didn't stay that way"

http://money.msn.com/top-stocks/post.aspx?post=f31d0125-0818-47f7-87d7-cad7848d0a7f

While I think bitcoin has better odds than a penny stock making it to the "big board", look at these gains:

Concur Technologies (CNQR) +21,190%

General Growth Properties (GGP) +3,205%

Medifast (MED) +18,471%

Bitcoin multiplying in value many times over looks completely probable to me. As a quick calc, since we're about 4,000% above where we started, lets see what another 4,000% would be.

30.22 - Used as a starting price.

That would yield a price of $1,240 - a total increase of +8,000% and you still would be in real-world territory. Interesting, eh?

hero member
Activity: 840
Merit: 1000
"No wireless. Less space than a nomad. Lame."
legendary
Activity: 1288
Merit: 1080
These are the same people who routinely dismiss

  • Facebook
  • Front end software (HTML5, CSS, JavaScript)
  • Mobile phones and tablets
  • Anything to do with Apple

In a world where all of these things are now the most popular way for people to carry out the respective task.

A vote of disapproval from Slashdot is pretty sure sign that a technology will see mass adoption and success.

It may be a very heuristic rule, but it might very well be true   Cheesy
sr. member
Activity: 315
Merit: 255
These are the same people who routinely dismiss

  • Facebook
  • Front end software (HTML5, CSS, JavaScript)
  • Mobile phones and tablets
  • Anything to do with Apple

In a world where all of these things are now the most popular way for people to carry out the respective task.

A vote of disapproval from Slashdot is pretty sure sign that a technology will see mass adoption and success.
legendary
Activity: 980
Merit: 1020
Is slashdot supposed to be for tech geeks or am I mistaken?

It seems lately its more for tech ignorants and "empty" people who are afraid of progress and automatically dismiss everything that does not fit their point of view.

Or perhaps, is it just envy ? They envy us and they cannot reconcile that WE are the early adopters, not them.

No, they were one of the first wave of immigrants into the bitcoin. Nowsday, they're just old farts who refuse to update beliefs.
hero member
Activity: 728
Merit: 500
In cryptography we trust
Is slashdot supposed to be for tech geeks or am I mistaken?

It seems lately its more for tech ignorants and "empty" people who are afraid of progress and automatically dismiss everything that does not fit their point of view.

Or perhaps, is it just envy ? They envy us and they cannot reconcile that WE are the early adopters, not them.

First they ignore you,
then they laugh at you,
then they fight you,
then you win.

Mahatma Gandhi
legendary
Activity: 1470
Merit: 1006
Bringing Legendary Har® to you since 1952
Is slashdot supposed to be for tech geeks or am I mistaken?

It seems lately its more for tech ignorants and "empty" people who are afraid of progress and automatically dismiss everything that does not fit their point of view.

Or perhaps, is it just envy ? They envy us and they cannot reconcile that WE are the early adopters, not them.
sr. member
Activity: 378
Merit: 250
Magic Staff
Is slashdot supposed to be for tech geeks or am I mistaken?
legendary
Activity: 1400
Merit: 1013
Reading slashdot is like hanging out with a an old friend that a got serious head wound somewhere along the way.
QFT
sr. member
Activity: 476
Merit: 250
Reading slashdot is like hanging out with a an old friend that a got serious head wound somewhere along the way.
hero member
Activity: 728
Merit: 500
In cryptography we trust
As usual, plenty of ignorant comments.

I used to think highly of Slashdot, but they seem to have taken a nose-dive in the last few years.

But I guess if ZeroHedge can be turned around, so can Slashdot.
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