Author

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 22471. (Read 26608891 times)

sr. member
Activity: 406
Merit: 251
IBM, do they still exist?

I remember the year 2000. I was working as chief programmer for a over-funded company wanting to make a "social interactive multiplayer online travel-game in the browser (flash)". I'm not kidding, I was sitting in a chesterfield chair while programming and running the development. The times were crazy! I made 100k USD a year! And I teached myself PHP/MySQL/Flash while working for them! (Getting paid while going to school, ha ha). I actually managed to make the game in time, and even make it a lot better than expected. But here I go, ranting about the good ol' days. What happened during this period was this:

The management knew that people from India were skilled programmers (for a reasonably price). So they hired an Indian guy, 50 years old, had been working for IBM in the states, now living in Norway. They hired him as my assistant without even consulting me, ha ha  Grin Crazy times....

I spent A LOT OF TIME trying to teach him Flash. After a while, I understood that this sweet, Indian guy could never contribute to the project. It was the day that I had to show him how to type the "$" symbol with a standard keyboard.

Long story short: Does IBM still exist?  Grin

is that a true story, bro? Smiley
Yes  Wink
sr. member
Activity: 364
Merit: 250
"to be or not to be, that is the bitcoin"
IBM, do they still exist?

I remember the year 2000. I was working as chief programmer for a over-funded company wanting to make a "social interactive multiplayer online travel-game in the browser (flash)". I'm not kidding, I was sitting in a chesterfield chair while programming and running the development. The times were crazy! I made 100k USD a year! And I teached myself PHP/MySQL/Flash while working for them! (Getting paid while going to school, ha ha). I actually managed to make the game in time, and even make it a lot better than expected. But here I go, ranting about the good ol' days. What happened during this period was this:

The management knew that people from India were skilled programmers (for a reasonably price). So they hired an Indian guy, 50 years old, had been working for IBM in the states, now living in Norway. They hired him as my assistant without even consulting me, ha ha  Grin Crazy times....

I spent A LOT OF TIME trying to teach him Flash. After a while, I understood that this sweet, Indian guy could never contribute to the project. It was the day that I had to show him how to type the "$" symbol with a standard keyboard.

Long story short: Does IBM still exist?  Grin

is that a true story, bro? Smiley
sr. member
Activity: 406
Merit: 251
Letting IBM run a decentralised monetary system for governments is an uphill battle. Because the miners need their incentive. The fight would be between the miners needs, and the central banks control over money issuance. Big problem, no easy solution.
legendary
Activity: 3920
Merit: 2349
Eadem mutata resurgo
I do not like the IBM news, and have gone into capital preservation mode by closing my long for now. I'll wait to see if the market can shake this off:  I believe IBM not using bitcoin will be construed as a negative, or at least an excuse to take profits.

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

Edit: one post up, worst. gif. ever.  Cheesy


Just looks like a faster way for americans to get their dollars on an exchange to buy some bitcoin.

Yes, and it's worth saying that IBM may in the end give up on rolling their own once they realize theirs will not be as secure as bitcoin.

they did the same with linux OS ... first they rolled their own now they work off and contribute to the open standard kernel.
legendary
Activity: 1232
Merit: 1011
is IBM full of idiots or what.
there's no need for a blockchain if everyone on the network is known and trusted.
there's a thing called a database, its been in existence for at least 50 years...


banks are doing bad exactly for that reason.

their "network" was known and trusted even when they were selling some worthless junk to each other.

would you trust your dollars to a bank in rwanda?
hero member
Activity: 748
Merit: 500
is IBM full of idiots or what.
there's no need for a blockchain if everyone on the network is known and trusted.
there's a thing called a database, its been in existence for at least 50 years...

 Cheesy +1
legendary
Activity: 1442
Merit: 1186
any currency is by definition centralized.

they are talking about decentralized network that will use USD and that will be used by banks.

Yea guys, it's decentralized but it's ran by the central banks and has oversight by the government that can freeze and seize. It's for your own protection. Obey.  Roll Eyes


central banks will run the coins, but the network will be run by IBM I guess.

you will be the only one able to access your wallet with keys.

bitcoin is super secure but they still managed to seize ross' coins. so they can fuck you one way or another.

That's bologna! Ross was dumb enough to have his laptop open in a public place managing the silkroad website.  Whether he gave up his keys willingly or if they were dug up is totally different that a government ran "blockchain".
sr. member
Activity: 392
Merit: 250
Separation of church and state.
Separation of money and state.
Separation of law and government.
Separation of 2nd and 3rd millennia.
sr. member
Activity: 448
Merit: 250
is IBM full of idiots or what.
there's no need for a blockchain if everyone on the network is known and trusted.
there's a thing called a database, its been in existence for at least 50 years...
legendary
Activity: 2380
Merit: 1823
1CBuddyxy4FerT3hzMmi1Jz48ESzRw1ZzZ
legendary
Activity: 1232
Merit: 1011
any currency is by definition centralized.

they are talking about decentralized network that will use USD and that will be used by banks.

Yea guys, it's decentralized but it's ran by the central banks and has oversight by the government that can freeze and seize. It's for your own protection. Obey.  Roll Eyes


central banks will run the coins, but the network will be run by IBM I guess.

you will be the only one able to access your wallet with keys.

bitcoin is super secure but they still managed to seize ross' coins. so they can fuck you one way or another.
sr. member
Activity: 406
Merit: 251
IBM, do they still exist?

I remember the year 2000. I was working as chief programmer for a over-funded company wanting to make a "social interactive multiplayer online travel-game in the browser (flash)". I'm not kidding, I was sitting in a chesterfield chair while programming and running the development. The times were crazy! I made 100k USD a year! And I teached myself PHP/MySQL/Flash while working for them! (Getting paid while going to school, ha ha). I actually managed to make the game in time, and even make it a lot better than expected. But here I go, ranting about the good ol' days. What happened during this period was this:

The management knew that people from India were skilled programmers (for a reasonably price). So they hired an Indian guy, 50 years old, had been working for IBM in the states, now living in Norway. They hired him as my assistant without even consulting me, ha ha  Grin Crazy times....

I spent A LOT OF TIME trying to teach him Flash. After a while, I understood that this sweet, Indian guy could never contribute to the project. It was the day that I had to show him how to type the "$" symbol with a standard keyboard.

Long story short: Does IBM still exist?  Grin
newbie
Activity: 26
Merit: 0
looks like stamp has taken control over the price today going both up and down.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
any currency is by definition centralized.

they are talking about decentralized network and blockchain that will use USD and will be used by banks.
Yes, and....?
legendary
Activity: 1442
Merit: 1186
any currency is by definition centralized.

they are talking about decentralized network that will use USD and that will be used by banks.

Yea guys, it's decentralized but it's ran by the central banks and has oversight by the government that can freeze and seize. It's for your own protection. Obey.  Roll Eyes
legendary
Activity: 1232
Merit: 1011
any currency is by definition centralized.

they are talking about decentralized network and blockchain that will use USD and will be used by banks.
hero member
Activity: 924
Merit: 1000
I do not like the IBM news, and have gone into capital preservation mode by closing my long for now. I'll wait to see if the market can shake this off:  I believe IBM not using bitcoin will be construed as a negative, or at least an excuse to take profits.

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

Edit: one post up, worst. gif. ever.  Cheesy


"Unlike bitcoin, where the network is decentralized and there is no overseer, the proposed digital currency system would be controlled by central banks, the source said."

Biggest facepalm ever, because decentralization is the #1 property that makes Bitcoin what it is. Truth is they have not the slightest idea how Bitcoin and the blockchain works, but they think it's cool and want to build their own, LOL. Another thing is strong network effects for a secure blockchain, that's what these dumbtarts will never understand.
+1

+1000

Centralized digital currency won't work as there would be no need for a mining network. We have been through this a dozen times.
legendary
Activity: 1442
Merit: 1186
Truth is they have not the slightest idea how Bitcoin and the blockchain works, but they think it's cool and want to build their own, LOL. Another thing is strong network effects for a secure blockchain, that's what these dumbtarts will never understand.

You are absolutely 100% right, they have no real clue about bitcoin's purpose, how it works or why people are attracted to it.
legendary
Activity: 1554
Merit: 1014
Make Bitcoin glow with ENIAC
I do not like the IBM news, and have gone into capital preservation mode by closing my long for now. I'll wait to see if the market can shake this off:  I believe IBM not using bitcoin will be construed as a negative, or at least an excuse to take profits.

http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312

Edit: one post up, worst. gif. ever.  Cheesy


"Unlike bitcoin, where the network is decentralized and there is no overseer, the proposed digital currency system would be controlled by central banks, the source said."

Biggest facepalm ever, because decentralization is the #1 property that makes Bitcoin what it is. Truth is they have not the slightest idea how Bitcoin and the blockchain works, but they think it's cool and want to build their own, LOL. Another thing is strong network effects for a secure blockchain, that's what these dumbtarts will never understand.

It's not clear how they will do this. If it's a centralized system it makes more sense to use PoS, other than that I don't really see why this should be done with blockchain technology at all. I see they want the wallets to come with the ledger, but if it's anything like the Bitcoin ledger they will have to release a light client fairly quickly and who's going to run a full client for IBM and the US government? I've got the feeling that they will just end up with a traditional centralized ledger stored on regular data centers and drop the blockchain component altogether as all the advantages of the blockchain is strongly linked to mining and decentralization.
legendary
Activity: 1540
Merit: 1003
alan watts is all you need
11,781 last time i was here. Can't be bothered to catch up.

Meanwhile, back in regular world http://www.reuters.com/article/2015/03/12/us-bitcoin-ibm-idUSKBN0M82KB20150312
Jump to: