- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Bitcoins were hacked yesterday?
Posted on 4/4/13 at 3:48 pm to Korkstand
Posted on 4/4/13 at 3:48 pm to Korkstand
quote:
But IP can be copied, and it only retains value through laws and artificial scarcity.
I disagree. If I figure out how to build a machine that converts air into food, that idea has value wether I patent it or not. It will help people regardless of what patent laws exist.
quote:
Bitcoins are scarce through fundamental mathematical laws of the universe,
But a bitcoin doesn't necessarily have to be scarce or finite. The person(s) who developed it could have just as easily said that every prime number is a bitcoin. It may be math but its still arbitrary.
Posted on 4/4/13 at 3:51 pm to ZereauxSum
quote:
But a bitcoin doesn't necessarily have to be scarce or finite
Yes it does. It was programmed so that it is necessarily scarce.
Posted on 4/4/13 at 4:13 pm to ZereauxSum
quote:Is the idea valuable, or the implementation? The implementation is clearly valuable, but the "idea man" only gets paid if he implements it himself, or collects royalties forced by law. Anyway, the point of bringing up IP was to show that non-physical or virtual "things" can have value. I think that fact is self-evident.
I disagree. If I figure out how to build a machine that converts air into food, that idea has value wether I patent it or not. It will help people regardless of what patent laws exist.
quote:The rules placed on it make them necessarily scarce. And the rules are necessarily arbitrary. Neither of those change the fact that bitcoins are scarce. Whether it's by design or "natural" doesn't matter.
But a bitcoin doesn't necessarily have to be scarce or finite. The person(s) who developed it could have just as easily said that every prime number is a bitcoin. It may be math but its still arbitrary.
Popular
Back to top
Follow TigerDroppings for LSU Football News