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Author Archives: Carlos C. Tapang
Girl, You’re Special
(A rap song for my little girl, Kristin.) Hey, girl, you tell me you’re not special? I’ve got your number girl, and I’m talking to you right now. Imagine that, girl. I’ve got your number. Your number out of billions … Continue reading
Posted in Amateur Philosophy
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Incantation Programming
#incantationprogramming The magic of myth and legend has come true in our time. One types the correct incantation on a keyboard, and a display screen comes to life, showing things that never were nor could be…. The computer resembles the … Continue reading
Posted in Computers and Internet
2 Comments
What is the 51% Problem?
With the sudden rise of GHash.io as the number one mining pool, the 51% “problem” has again come to the forefront of people’s attention. It’s about time we pay attention ourselves and think clearly about this issue. At the outset, … Continue reading
Posted in Computers and Internet, Money and Economics, News and politics
Tagged bitcoin, Bitcoin 51%, GHash.io
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The Concept of “Pure Money”
Recently I read about Alan Greenspan’s comments about Bitcoin to the effect that it’s nothing but a bubble phenomenon. Crypto-currencies are a bubble because these things have no “backing”. What Alan fails to understand (and what I failed to understand … Continue reading
Posted in Uncategorized
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Total Market Breakdown
It took a couple of days after typhoon Yolanda has left for people to realize how devastating she has been. The hardest hit was the island of Leyte in which more than a thousand dead have been recovered, and the … Continue reading
Posted in Money and Economics, News and politics
2 Comments
The Future is Here, and It’s Wonderful
This is an illustration of what it’s going to be like when Bitcoin or something like it becomes more dominant than any fiat currency. At the end of every month, from work you get paid in Bitcoins, say 100 miniBits. … Continue reading
Posted in Uncategorized
1 Comment
The Miners’ “Greed” will Save Bitcoin
It just occurred to me that the Bitcoin system of production does not need to be controlled at all, not pogrammatically, not even by any rule. What will limit production is the profitability of miners. At this stage of development, Bitcoin … Continue reading
Posted in Money and Economics
2 Comments
Would Bitcoin Suffer a Similar Fate as that of Unix on the Desktop?
I have seen the Grand Canyon of Arizona, and I am still smarting from its effect on my perception of reality. Its grandeur reminded me of a paradox, the paradox of what I would call “chance and permanence”: nature works … Continue reading
Posted in Money and Economics
1 Comment
More on Bitcoins
I mentioned Bitcoins in “What is Money?” a blog I wrote almost two years ago. In that blog I predicted that by itself, Bitcoins would not gain wide use, that it needed a backer for it to gain the necessary … Continue reading
Posted in Money and Economics
2 Comments
The Freedom to be Selfish
Ayn Rand shook the world with her prescription for what ails it. She offered a very simple prescription, one that goes against everything we have been taught so far, from Jesus Christ to Ghandi. She wrote that selfishness is a virtue, and … Continue reading
Posted in Amateur Philosophy
8 Comments