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Posts: 5,028 | Thanked: 8,613 times | Joined on Mar 2011
#905
Originally Posted by don_falcone View Post
BitCoin generally deflative? In eneral, yes it as like this for a long time. What happened when that particular exchange got hacked, was exactly the opposite.
I know it's little off-topic here, but, because I don't want Robbie to be scarred off BitCoins, I think it's worth to mention that You're plain wrong here. First of all, BitCoin system was *not* hacked - only site of particular website-exchange (MtGox). Due to massive transactions from hacked accounts, price was dropped to pennies *only* for that particular exchange - MtGox competitors were running happily without problems. The funniest thing is that "hacker" failed to bypass cash limits on MtGox, so she/he achieved nothing, except creating some havoc. Even MtGox client haven't lost a pennie, cause unauthorised transactions were rolled back.

Long story short, talking that single exchange fail incident as proof of whole currency non-deflative character is just wrong. Of course, BitCoins value vs. other currencies isn't growing all the time, but, checking graphs from longer period of time, it's even more than linear growth.

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As for Robbie's question - You can exchange real money (BitCoins) for goverments-manipulated, fake money currencies ( ) in many on-line exchange sites - althought don't expect transferring to "paypal dollars" anymore. Paypal, for obvious reasons, turned extremely hostile towards BitCoins lately, even crossing point of actively supporting frauds vs. BitCoins sellers. In result, most exchange sites stopped accepting Paypal or transferring to. Well, it seems that Paypal got nice traditions of supporting Fraud from it's big brother E-bay

There also are dozens of other methods - everything is elaborated on BitCoin organisation website & wiki.

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Hey, Robbie, it's great that You're so aware of N950 drawbacks. It's nice to see that You're not "fooled" as many devs lately, abandoning their N900 projects and running with roars to code for "fake" Maemo 6/Meego hybrid. Instead, You're keeping sane overview of situation. Respect for that.

I also hope that N950/N9 will be jailbreaked, allowing it to run real, uncrippled Meego with UI like Cordia HD, for instance.
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Last edited by Estel; 2011-08-10 at 00:32.
 

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