skysight-inc/HackerNews huggingface dataset:
Cashing out 100 000 BTC would crash the market down to 0 - right now the MtGox has exactly 105 708 BTC in the order book.

Cashing out 100 000 USD however is a different story. It actually happened a few hours ago, you can see the impact for yourself[1].

[1] http://i.imgur.com/cjI9ZaT.png
It's not correct American English, but she's not American.

The only thing I'm not sure is correct in non-American usage is the capitalized "University"; I thought they used lowercase for the generic (much in the same way we use "college" in the US). The rest, though, reflects common usage outside the US.
At some point people are gonna wanna cash in ...
This is a social discoverability tool for Hacker News. By answering a few simple questions HN readers characterize themselves. Then, based on their answers they are automatically added to specific "smart groups" where they can have focused conversations.

HN readers can also use the "Hacker Search" to combine different questions/options to find very unique people based on their interests, programming knowledge, etc. Pretty much that's what we do, social discovery spaces for organizations. We would love your feedback. We know the UI needs improvement. Thanks.
Although I agree with sentiment of your post, actually the publication date of a novel and the release date of new furniture lines are very important [the same with music, movies and just about anything where we have enough data to do trend analysis].

http://www.greenleafbookgroup.com/blog/2011/10/12/whats-the-...

(etc. etc. [seriously google it if you're interested])
Gold is traded almost exclusively for its liquidity and role as a value store, not for its intrinsic value. Currency traders don't use currency as a medium of exchange either.
This is an amazing startup, and a great idea.
This last price fluctuation is doing more harm to bitcoin than a moratory does to a country.

No one can even explain formally why this is happening. Lack of liquidity? Penny stock behavior? Are there sharks driving the prices to make a spectacular exit?

Why isn't mining regulating the prices? Is it too costly?

My personal and completely uninformed opinion is that bitcoin is doomed.
I had the same reaction to Philips' blog post. I agree with his main argument, but not how he supports it.

Basically, Philips dismisses a broad range of 8-bit media without knowing how it is made. He says all you do is run some existing art through "a little bit of filtering", and like Instagram, there you have it. Basically, it's just a nasty-looking (or sounding) ripoff of existing artwork.

Problem is, that's not how chip music is produced. At all. Most songs are original compositions, and even cover versions are not simple "degradations". Think of covering a Miles Davis song on classical guitar, and you'll be closer. You have to recompose the material from the ground up, and stretch both yourself and your hardware platform to make things begin to work. It's both an artistic and technological feat. Now think of composing an original song this way. Some people have spent decades perfecting chip music, just as others perfect jazz or photography. Philips says the entire body of work is worth less than one good picture.

http://www.linusakesson.net/hardware/chiptune.php (NOTE: This is not me.)

http://ay-riders.speccy.cz/

Worst, the criticism of chip music is tangential to his main argument -- that Baio screwed up by trying to sell a work without thoroughly licensing it. Philips went out of his way to be an ass about it, for no good reason. That's what bothers me.
https://www.couchsurfing.org/n/places/san-francisco-californ...
The "price" is whatever the last trade went for. If there are market manipulators buying up "all the shares", it would seem like a big risk as they are relying on there being enough bids within their profit range to sell them back at a profit. Right now for example, you could sell 100 BTC on Mt.Gox for an average price of $203USD/BTC. Try to sell 10,000 BTC and the average drops to about $195, and 100,000BTC would only average $111.
> Even if there were no minimum wage laws worker exploitation does not necessarily follow.

To answer this question you have to go no further than to study history.

When there where no minimum wage laws workers where exploited.

You have to go back no further than the first industrial revolution to see evidence of this.

Now that exploitation brought about the rise of the union movement.

I don't think it is a coincide that as we now witness the decline of the union movement, there is a corresponding rise in the exploitation of workers.

Those who don't study their history are destined to repeat it.
I guess if they have a specific warrant with oversight for using it, I don't have a problem with this.

Now if the agent with the hardware can decide to use it on their girlfriend or brother-in-law or something like that without anyone else knowing, well we've got a big problem.

And apparently, we've got a big problem:

Rigmaiden and the American Civil Liberties Union and Electronic Frontier Foundation have argued that the government did not obtain a legitimate warrant to conduct the intrusive surveillance through the stingray. They say it’s indicative of how the government has used stingrays in other cases without proper disclosure to judges about how they work, and have asked the court to suppress evidence gathered through the use of the device.
michaelochurch, I don't see an 'SWE 1' there. You also don't take into account what I've heard about 'slotting'. Are these two related?
> Cashing out 100 000 BTC would crash the market down to 0 - right now the MtGox has exactly 105 708 BTC in the order book.

All demand is not reflected in the order book. In fact, most demand is not. The more sophisticated a trader is, the more likely he is to use limit orders to manipulate the market instead of the rather stupid move of telegraphing demand.

If the market went down 10%, a flood of buy orders is not unlikely to appear.
I often wonder how someone who was only at Google for 5 months, and never went through the semiyearly review or transfer process could spout so much inaccurate BS about it.

If you are performing well and get poor calibration scores (which aren't secret), then that's something to bring up with HR and your manager's manager. The sad truth is that your poor calibration scores were an accurate reflection of your poor performance (I'll spare you the embarrassment of posting evidence of this). Your inability to transfer teams was a combination of that and the fact that it's almost impossible to transfer teams before you've spent at least 1.5 years on that team.
I've upvoted your original post to see if that helps.

The article does play up the compatibility with legacy frameworks. However, the proxy approach itself was designed independently of this, and the versatility turned out to be a bonus. Some background:
http://blog.fanout.io/2013/02/10/http-grip-proxy-hold-techni...

Basically, I'm positing that as a system gets larger, then moving the problem to an outer layer is good design, even if all of your backend code is event-driven. You can use Pushpin and Node together with a straight face. :)
It is interesting how the deflation argument is always raised when talking about Bitcoin. Sure, deflation is an "economic carcinogen" in the current financial system (which is inevitably tied to the currency specs), but it won't be a problem in a Bitcoin world. Let me show an example:

Imagine I need to buy a house. Today, I would go to the bank, ask them for money and they will give it to me under the condition of giving it back, plus inflation, plus a fee. I need to give back more money than I received in order to pay the government (inflation) and the 'professional' lender (fee), for their 'services'.

In a Bitcoin world, if I needed to buy a house, I have two choices: Pay it now, if I have enough money (exactly as today) or pay it later (in several installments). As simple as that. Then, the housing market will decide if this is acceptable or not, or how much time the seller is willing to wait. The only difference is that in the Bitcoin world the "professional" lender will cease to exist (the seller will be at the same time the lender). And since there is no inflation, I will not need to pay the government either.

Actually it would be much easier to buy a house.
ArangoDB Foxx Screencast - Writing Backends for Web-Apps made trivial
Okay, so what's the downside? Half the disk usage and 10x less memory, something is left out. What is?

Very good tip though, I always overlooked the F4 modes and never knew there was a minimal mode.
alot of bitcoin investors, up too this point ARE rank amateurs... nothing new there

"real" markets also have computers and algorithms behind alot of what they are doing. Bitcoin does as well.

I'm sure hitting 200 was either someone setting buy/sells at a point of pride because they wanted too, or a coincidence, or people who don't care because they are long-haul investing.
Thank you - exactly right.

There is no defence, just new forms of trust. To my mind the biggest single defence is for everyone who snoops on me, I should know they are snooping - the act of collecting data should itself become public knowledge.

Maybe its not a great defence - but I would welcome any discussion on the topic, because it seems not to be discussed much.
As long as there are multiple bitcoin exchanges, it will be very hard for a single exchange to influence the price of bitcoin thanks to arbitrage traders.
Europe’s other problem: where are all the tech startups?
That's very true. I just gave that example because relying on a geolocation app (as you said) would not really guarantee your employees are working.
Shorter explanation of why deflation is bad:

If your cash is increasing in value (because of deflation), then it's a smarter financial move to stuff cash under a mattress than to spend or invest it. This is why most economists think 1-5% inflation is about the sweet spot.
No idea what plan you will pursue, but try and contacting the company first.

This isn't the first time I see something like this, where the infringing company outsourced the design or even bought a design from ThemeForest like site and had no idea they were infringing.
I've been asking my friends what they would consider the threshold for BTC to be considered a 'serious' global currency. We agreed that if it had $1T USD equivalent value, it will have arrived.

So, 22M BTC valued at $1T USD comes to $45K USD/BTC.

I have invested less than two thousand dollars into BTC. I consider it an epic gamble, but honestly, not an enormous one.

On the other hand, if BTC does 'go long', I could very well be in 'good shape'.

Here's the other consideration: the more unstable other currencies are, the less people all over the world trust their central governments with their currencies, the more likely people will move their money to a currency with no central control at all.

BTC is indeed turning into the place you put your money when things are scary. And there's a lot of scared people right now. Whether that anxiety is well considered is a separate question, and one that hardly matters.
I wouldn't advocate the use of antiquated technologies to accomplish this. The idea here is currency-free communities who live just as efficiently as currency-rich communities. But you have to start somewhere. What are the tools you need to build in order to build the tools to build the tools that build the tools, etc. that you need in order to live as efficiently as we do today.

Sure it wouldn't be as easy for many, but imagine a line below which folks who live in a currency-dependent economy would actually be better off to leave it. As more and more people fall below that line, the alternative way of life becomes more viable to sustain itself.

The thing that the wealthiest folks don't seem to realize is it's in their best interest to ensure the little guy has money. When a significant percentage of the population loses incentive to accumulate wealth you lose value on a global scale.
It's happening because more and more people are buying Bitcoins are fewer are selling. Supply and demand. This interview talks about the real-time increased demand. https://news.ycombinator.com/item?id=5517634
The trick is twofold:

First, CouchDB supports security and validation.

Second, for CouchDB replication is just another client connecting to a DB; it's handled the same way anything else is.

As a result, we have the notion of filtered replication. The server-side CouchDB won't tell anyone secrets they don't need to know - be they clients or client-side DBs. At at the other end, the client-side CouchDB has some validation to stop "bad" data going into the database by accident, and then the server-side CouchDB has the same validation again. People can compromise their client DB all they want, but eventually it all ends up on the wire as plain old HTTP requests interacting with a plain old REST API.

In many ways - as far as security goes - the client DB is a red herring. The server ONLY speaks a well-defined REST API, and has validation and security to deal with malformed or malicious API requests. The fact that those requests are generated by a client-side DB based on data entered into it via JS commands is neither here nor there; a Backbone app would generate the exact same requests based on more-or-less the same JS commands. If you can secure any REST API, you can secure CouchDB.
ShowHN: Hacky 2 – Hacker News for Mac with Favorites, iCloud, comments etc.
Inside the Bitcoin Bubble: A Q&A With BitInstant’s Stressed-Out CEO
Uplay exploit leaks Blood Dragon 3 weeks early
Hi, app developer here. First of all thanks to everybody who bought Hacky! After Hacky was released it immediately entered several top lists in the Mac App Store. Huge thanks also to all the people forking and following it on GitHub (made Hacky trending there also). Based on your feedback and pull requests I created Hacky 2 which has some huge improvements:

1. Favorites with iCloud support

Being a HN reader myself I often find myself in the situation where I know there was a pretty interesting story some time ago but not having any idea how to find it. For this reason I built Favorites into Hacky that lets you save stories and sync them with iCloud so you never have to worry about losing them.

2. Comments

To be honest, the comments are one of the most entertaining things on Hacker News, so why should I NOT want them in Hacky? ;)

3. Categories

For the people who already read all top stories, now you can also read /newest and /ask.

Relevant Links:

Hacky in the Mac App Store: https://itunes.apple.com/de/app/hacky/id584949645?l=en&m...

Hacky on GitHub: https://github.com/eliaskg/Hacky

Official Hacky Website: http://www.hackyapp.com

Found a bug? https://github.com/eliaskg/Hacky/issues?state=open

Original HN story: https://news.ycombinator.com/item?id=5170182

Here are some Promo Codes for Hacky in the Mac App Store:

WKWWFM9WJWK7
99FF49K9PXWE
XFJATKR4JNHM
LWWTKFL6XLYF
H99LNFWAHKET
I can't wait to trade in all my tulips for bit coins ...
Before each test all WebSocketServer is reset and the Proxy re-initiated. Thor will hammer all the Proxy server with x amount of connection with a concurrency of 100. For each established connection one single UTF-8 message is send and received. After the message is received the connection is closed.

source: https://github.com/observing/balancerbattle#benchmarking
Shugs, that is terrible. I would contact them company directly and let them know. Could be that they used a separate web-design company who is to be blamed
Probably not, as Hillary Clinton is in politics because her husband was the US President.
This behavior has had me wondering about the experiences people are going to get about how markets work. This one being largely unregulated could turn out to be more cruel than the stock market and some people are going to face the cold reality of that. I remember a few days ago when Mt.Gox. got hit by that DDOS, someone on Twitter was asking how Mt.Gox was planning to compensate customers if the value of BTC fell. Just enforces your point about the experience level of people driving this market.
The downside is that nothing is installed by default. You have basically the bare minimum to boot and run.

Need Apache? you will need to install it. Need to send email? You will need to set that up. Need python? Ditto. And hope you like working at the command line because you have no X. Etc.

It's a nice way to get a system that does just what you need it to do and nothing more, but "minimal" installs are rarely useful all by themselves; they are a starting point.
remember now - gold has no 'worth'
Its only valuable because of its utility as currency, and its standardization as such
If it's not a bubble, it's the first hyper-monetization. http://konradsgraf.com/blog1/2013/4/6/hyper-monetization-que...
OK, let them stop broadcasting. Then let's take all the radio spectrum we use for broadcast TV and repurpose it for unlicensed wireless networks. We were going to do that with whitespace a while back.
While the rest of his post is fairly interesting, I am getting rather annoyed at the complaints of 'double-spend' being an actual problem with bitcoin. Yes, there is short period before you get confirmations (5-10 minutes), but there are also a lot of possible solutions to that as support for the currency develops. Notes are only trusted because of trust in their creator and the security features they put in place.

If bitcoins ever take off in the larger population I foresee trustworthy banks that will hold your bitcoins for you. Transactions from them can immediately be trusted due to trust in the bank that is sending them.
Or try http://www.sikuli.org/

For automation, it's replaced AutoIt in my toolbox - just in case I get another contract in the future like one of these.
Denninger ran an ISP in Chicago in the mid-90s and is an infamous curmudgeon. He sold the ISP in the late '90s and, as I understand it, retired to Florida to curmudge professionally.

I have no idea why his thoughts on Bitcoin would be worth spreading on HN. He has no particular authority regarding economics (he's not a trained economist so far as I know) an the reasoning in this post seems to be of the typical working- backwards- from- foregone- conclusion attempted- first- principles stuff you can get on any HN thread arguing about Bitcoin.

I really dislike Bitcoin, but can think of much better devil's advocates than Denninger.
So you think the price will be lower than $200 USD / BTC 3 years from now?
It's simply more buyers than sellers. And there are more buyers because Bitcoin is getting more publicity.
A minimal install is going to require you to install dozens of related packages just to accomplish simple tasks. It's basically a blank slate, with nothing you might want aside from the OS and terminal.

It's a great starting place if you know exactly what you want to do with that VM and how to configure it; it's kind of a pain if you're using it as a general purpose server.
"Warning, your browser is known to be buggy with Tree.st"

Ideology in the worst case. Questionable choice of tools in the best.

The issue is your website not a potential user's browser.
Mmm cool idea, I like the branching/merging strategy!
Unless you are supporting China, IE6 usage is below 1% in virtually all countries: https://news.ycombinator.com/item?id=5511627
Let me refer to a great answer Lazare gave further up (more generally about sync, but very useful nonetheless): https://news.ycombinator.com/item?id=5517632
Not necessarily if your investment generates Bitcoin (for example, it is wiser to invest in mining equipment rather than stuff BTC under the mattress)
All the pages http://www.wired.com/threatlevel/2013/04/verizon-rigmaiden-a...
Announcing Yeoman 1.0 beta 4
> Why the irony? How many cluster deployments you know
> where you "spin up instances all the time"???

Any cluster environment whose applications abide 12-Factor semantics stands to benefit greatly from low startup times. This describes both SOA environments like Amazon and Netflix, and PaaS environments like Heroku and [what is enabled by] Docker.

http://12factor.net
I thought this was going to be about the insane proliferation of "forks" of any given popular github repository.

Some advice: just forking something and hacking on it is just the start. If you'd like to give something back to the open source community, be sure you communicate with the other people involved in the project about your changes. That may be a pull request, but for more complex things, might well also involve writing something to the mailing list.
Lumia 920 is now the most popular Windows Phone
No, by bytecode, I mean bytecode.

http://en.wikipedia.org/wiki/Bytecode
Not that that should detract from his credibility, since he abandoned the movement when it was "hijacked" by the Republicans:

> However, Denninger later expressed concern with the Tea Party movement, stating in an October 20, 2010 blog post that Republicans had hijacked the movement and perverted its original goals to the standard Republican concerns of "guns, gays and God".
THE IRONY OF SOLVING A PROBLEM:LEAVE IT~Welcome to H connect.
Short rebuttal: a world in which people starve in deprivation on top of a cash-filled mattress is improbable.
A debootstrap'ped ubuntu quantal is just 260M. That's much less than the 680M that are used by the minimal installation.
Open directory of killed Google services, and their alternatives
I think there's a problem with his argument about the dealer and Joe. Joe will have taken steps to make sure that his identity is disconnected from the BTC with which he pays the dealer. This is the same as making sure that the dollar bills he uses can't be traced back to him either (except that with Bitcoin he'd need to take a little more care, like for example using an app that does it for him).

The fact that there will be a permanent record that $100 was transacted is neither here nor there. Even if the dealer gets caught later, nobody will be able to link that to Joe. If the dealer confesses and implicates Joe, then that would be the same as the dealer being caught with the $100 in cash and implicating Joe. In both cases, Joe can just deny that he ever held the cash (whether in dollars or BTCs).

I do take the author's point that arranging to make your money less traceable is illegal under money laundering laws in most jurisdictions. But using Bitcoin for illegal purposes is no different to using dollars for illegal purposes; it's illegal either way.

Interestingly, since there's a record of all Bitcoin transactions, records of your own transactions that you keep yourself can easily be corroborated with the public record by the authorities. This can be done far more readily than with cash. If you want to keep your financial transactions above board, then perhaps Bitcoin is even better than cash for proving that you aren't laundering money.
You point 3 makes no sense whatsoever.
The very first Saturday Night Live episode had a similar parody. http://snltranscripts.jt.org/75/75atriple.phtml
Honest question: why do you turn off js? it's usually very unlikely for js to be able do anything remotely malicious, specially with the sandboxed model of Chrome.

I used to use NoScript with Firefox, but at some point I realized it was completely pointless and more of an annoyance than anything else and ditched it. I've never seen js compromise my machine since then.

(Flash and Java are a different story though, I wouldn't be comfortable with those always enabled)
Sharp offer exclusive comp to win a paid internship in their secret lab
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