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It’s a bit complicated to call it just a currency or just a commodity. Mining is only one part of it (the commodity part). The other part is as a currency.

http://bitcoin.org/en/

On the commodity side, they are created at a predictable and limited rate. The more that are created, the harder it is to create more. The system is calibrated so that they will all be mined by some specific date, I think I saw 2050 or something. There is a max that will ever be created, but they can be divided into as small of pieces as you want.

In general, Bitcoin is trying to do for money what the Internet did for communications. Borrowing from http://bitcoin.stackexchange.com/questions/336/what-is-a-good-way-to-concisely-explain-bitcoin: “Email let us send letters for free, anywhere in the world. Skype lets us make phone and video calls for free, anywhere in the world. Bitcoin lets us send money to anyone online, anywhere in the world.”

From the same thread: “Bitcoin does everything you’d like a currency to do, and it doesn’t have any of the drawbacks associated with any of the other currencies available.”

I’ve seen it described as “a startup currency.”

I’ve seen it described as “a truly single global currency backed by the full faith of the world” rather than the full faith of an individual, country, or company.

I’ve also seen it described as “a real-life version of Sci-Fi’s ‘Credits’.”

As a techie futurist sci-fi geek it turns me on, but as an amateur no-nothing economist I’m not so sure what it all means.

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This thread is gay.

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The thing about Musk is, he’s not thinking 2-3-5-10 years ahead. He’s thinking 20-30-50-100 years ahead. I understand why that may not interest some (most) people.

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This is the worst socialist president ever.

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Tesla’s working on a system to swap out the entire battery system in less time than it takes you to pump a tank of gas: http://www.teslamotors.com/batteryswap

Watch the video, pretty interesting. Imagine your charge is running low — you simply drive up to a replacement station (similar to how gas engines force you to drive to a gas station), get new batteries, and are back on the road in under 90 seconds. Granted, you’d need plenty of replacement stations within range, but that’s the eventual goal.

So imagine the consumer being able to offload battery replacement/wear/degradation/maintenance to GiantBatteryCo(tm). As the batteries get swapped, GiantBatteryCo(tm) can run diagnostics on each pack and fix/replace/recycle as needed in a centralized location/process. The EV consumer no longer needs to worry about batteries in the same way that combustion engine consumers no longer need to worry about oil extraction/refining.

Batteries are one of the biggest sticking points for EVs, but if you remove those from the equation, it changes the outlook quite a bit.

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I’ve been with Cox ever since they started offering Cable internet back in the late-90s. Never had a problem with them, but I did switch to AT&T for a short while to check out the competition. I quickly switched back to Cox after realizing AT&T’s speeds were shit.

Just ran a speedtest from North Park, currently a “Premier” subscriber:

I purchased both my modem and my router. I work from home so am very sensitive to speeds/service and have never really had a complaint with Cox. About 6 months ago I cut cable and only use Cox now for Internet services. We stream a shit-ton of Netflix/YouTube/Spotify/Pandora and have never had issues.

I’ve read recently at Broadbandreports that speed increases are coming soon to SoCal. Check out the forum there, lots of good info on Cox.

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I’ve had good experience with Cass. Chuck’s a good dude. They’re up on 30th St near Adams.

http://www.cassplumbing.com/

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Lurk mode, engaged.

I still visit often to see what’s cooking. I still have interest in the end-game of the bubble explosion and in San Diego real estate in specific and macro-economics in general. I’ve learned a lot here and still visit to catch up on piggs’ general consensus on various topics of the day, because I respect what all (or most) here have to say.

I just don’t have much to say anymore. It’s easy for me to pop in with snarky one-liners (which I still admittedly do occasionally), but I feel that in order to properly engage in a discussion, it takes an investment in thought and time, both of which I have little bandwidth for these days. I guess buying a house and having a kid will do that to a person.

Never change, Piggs. Never change.

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Clearly, desmond is Dorner.

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[quote=Rich Toscano]
Everyone needs to click this link:

http://www.sdlookup.com/Pictures-120051483#9%5B/quote%5D

I’m assuming that his name is Professor Baconton.

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[quote=desmond]Last of the series, are you going to their event today? Have not been to the new facility but planning to go on the 26th. (Need help to get over the day at the In-Laws on the 25th)[/quote]

Nah I wish. But I’ve got 06-12 chilling in my fridge waiting for NYE when my beer loving friends from out of town come for a visit. My brother works at the South Park store, so I’m hoping he can come through with 02-05 before then. 🙂

The 02’s were going for like $800 on Ebay. I knew a guy who had a couple of his cellared 03’s & 04’s stolen during a party at his house. People are insane about this series. They’re taking over Untappd at the moment:

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This is all I care about:

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Print media can suck it. http://www.voiceofsandiego.org/

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Whenever I receive a too-firm handshake I assume the person is insecure and using their firmness to compensate. Kinda like nutz on a lifted truck. If you have to work so hard to prove how tough or serious you are, you probably aren’t that tough or serious.

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You mean people still use their cellphones for talking?

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