There are 10,952,975 Bitcoins in circulation. (With a digital currency you can be specific.) Bitcoin isn’t about to replace hard currency—with a market cap of $864 million—but it’s bigger than anyone expected. And many people will tell you that the emergence of a virtual global money supply beyond the reach and control of any government is very real and that it’s time we take it seriously. As long as the Internet remains turned on, Bitcoin will be there—to its adherents, it’s the Platonic currency.
A Bitcoin’s not so much a thing as an understanding, a balance in a decentralized general ledger, or “account log.” Bitcoins are created as the side effect of a great deal of meaningless computational work. That is, the computer could be working on processing images, or doing something else with its time, but instead it’s being used to “mine” Bitcoins—searching for mathematical needles in a networked haystack. Once the needle is found, a “block” of Bitcoins is born. Bitcoins live in a bit of software known as your “wallet.”
How did they get there? Perhaps you minted them by mining, or bought them on an exchange, or received them as part of a barter transaction. Once you have Bitcoins, you want to buy something. How do you spend them? Clicking around your wallet app, you set up a payment and put in the Bitcoin address of the recipient. A few minutes later, after the peer-to-peer network has authorized the transaction as legitimate, the recipient’s wallet, wherever it is, will show that you’ve paid up.
Bitcoins are not pegged to anything, and there are no regulations. It’s a supercomputer-size chore to counterfeit. The key thing to understand is that there’s no bank, no Federal Reserve, in the middle (can you say, "Screw the Fed." ;). It’s not unlike an exchange-traded fund—a mix of non-U.S. currencies—designed as a hedge against the dollar. Bitcoin is a hedge against the entire global currency system. And no exchange is needed, unless you want to convert your Bitcoin into an actual hard currency.
Blackface is a form of theatrical make-up used predominantly by white performers to represent a caricature of a black person.Obama's presidency was a caricature of a white president.The only reason it is less offensive than black face is due to the fact that Obama is half white.
When a group of people get all offended because "their culture is being appropriated," what they are really feeling is frustration at their inability to monetize aspects of their culture for their own benefit while other people who are not of their culture have no problem monetizing said aspects. It is also important to note that the poorer the culture, the more indignant they're going to feel. For example, you won't hear a Harvard or Yale student bitching about some other group of people appropriating their preppy style.
The Democrats and Republicans are in cahoots with each other. The Democrats need to act like they really care about the people. But in reality, they don't give a hoot. That's why they allowed the Republicans to steal the Supreme Court nomination hat became available during Obama's term. The Democrats secretly want the Supreme Court to do away with all the liberal bullshit Obama administration pushed through.
Strategy 1: Live in large groups and in close proximity to each other (like a school of fish and herding animals). Humans live like packed sardines in large cities.Strategy 2: Grow large (like elephants, hippos and rhinos). Humans are getting fatter and fatter with each generation.
More and more products are now coming with license agreements.If these license agreements are so great,why not replace warning labels with license agreements?- Instead of this -Warning: Do not use this electric hair dryer in the shower.Warning: Do no stick Q-tip into ear.- have this -By purchasing this product you agree to not use it in the shower.By purchasing this product you agree to not stick it into ear.Once this is accomplished, the next step is to apply it to guns.By purchasing this product you agree to not be an ass-hole and murder people with it.Then, if they try to sue the gun company, the gun company could say,"Your honor, that gun was not manufactured for the purpose of murdering people.In fact, our license agreement specifically states that it will not be used for the purpose.We would like to sue the defendant for violating the license agreement."Murderers would not only face murder charges,they will also face license agreement violation charges.Faced with all this litigation, the number of murders committed in the U.S. will drop.