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I was under the impression that a judge could only pierce the corporate veil if I violate some sort of rule with regards to the LLC; i.e. withdraw / deposit company funds in my name or something like that.


It is impossible to definitively give a reason as to why something as uncontrollable as Bitcoin changes in price.

But yeah, probably.


Well, if ever it were possible to definitively give reasons, this would be the time.

When you have, on the same day:

a) Greenspan's announcement saying bitcoin is a bubble, and using the "no intrinsic value" argument

b) China effectively banning bitcoin (not that we have the specifics to say that "ban" is the best term yet)

...it's not going to do wonders for the price.


Both (a) and (b) have been stated forever. (b) was just common knowledge, clarified with an official announcement today.


Yeah, but Bitcoin's price is not based purely on logic. It is also based on emotion.


As a 19 year old programmer who just dropped out, this eases my anxiety. A lot.


I was you 12 years ago.

The odds are still against you. You will lose opportunities due to credentialism. The best bet is to become better than your peers and be in the top 5% of the talent pool. When you work with someone who really knows their shit, shadow them.

The better bet is to eventually go independent once you know you're more towards the top of the heap. Years ago, a McKinsey subsidiary ultimately ruled me out due to a lack of degree. Nowadays they're a customer and have no problem subcontracting me out, because "I run my own business" and a proven track record is just as sufficient as the degree they otherwise look for.


I was you 12 years ago.

And it's even worse now.


Wait, really? I was under the impression that a college degree for programmers is less important nowadays.


As a 31-year-old systems architect and software developer who dropped out of university: I realized that I had to choose between a degree I would enjoy that would be useless in getting me a job, and a degree that I would hate that would be useless in getting me a job. I wasn't cut out for EE or CS, and I didn't have the math marks to get in (and I didn't realize at the time that a lot of my problem was ADD-related). So… I left.

In the end, I lucked my way through a succession of jobs, due in part to the fact that my chosen career, systems admin, doesn't really have a university career path leading to it, so my personal experience was worth as much as anyone else's.

My recommendation: do lots of projects, contribute to open-source, put a bunch of personal projects up on github (and do them right; document them well and write good code), and apply to forward-thinking companies (startups, etc.). Show that you can do the work and no company worth their salt will care too much about how you learned it.


> due in part to the fact that my chosen career, systems admin, doesn't really have a university career path leading to it

I need to put a plug in for my alma mater: http://www.rit.edu/programs/networking-and-systems-administr...


Beware, if you are outside of the Bay Area getting a degree is comparatively more important to employers... At least until you have oodles of XP.


I grew up in Sunnyvale.

A lot of my friends from high school have part-time jobs / intern over the summer at the startups/companies from where around I used to live...

But I don't live there anymore. And I'm kind of hesitant to move back to Sunnyvale (It is the most boring, soul-sucking place on earth) so I guess that doesn't really count for anything.

Meh.


Have you checked to see if they're on http://what.cd already? It's the de-facto bittorrent tracker for music. It is possible that many of those clips you have are already on there.

And if not, you could seed them yourself :D


I like where your head is at, but come on man, first rule.


I'm letting him go on this one. :)


He's only collecting sound clips not the complete record/album. You are not allowed to upload these to wcd ;)


[deleted]


Asking for invites in public isn't allowed. Read http://www.whatinterviewprep.com/


But how does one get in? O.o



Wow, talk about an inflated sense of self-importance.

Is that site just an elaborate joke?


No, it's not. But that discussion is a bit off topic here.



Please, someone, get this trash off of the front page. Not only is this entire article completely content-less, but the number of fallacies in it is palpable.

I wasn't going to waste my time on this, but after skimming for 20 seconds I came to this:

> In many ways, Litecoin is looking like a better investment. For Litecoin it is still early days because the infrastructure is not quite there. However, it looks to be a more promising currency from the technical standpoint, e.g., allowing faster transactions and a longer time until the end of the mining cycle.

Faster confirmations DON'T MEAN SHIT. Just because it takes 2.5 minutes for a Litecoin confirmation doesn't mean it is any better. Yeah, a Litecoin confirmation is 4x faster than a Bitcoin confirmation, but all that means is that a Litecoin confirmation is 1/4 as secure as a Bitcoin confirmation. Which is actually worse, when you think about it because the blockchain is more bloated.

>Its current market capitalization is $215 million, giving a factor of 45 potential growth to simply catch up with Bitcoin.

Are you fucking serious?


Just to clarify, the transactions are actually instant in Bitcoin. What takes ~10min are the confirmations, which like you said, take time for a reason: security.

Litecoin adds nothing to the table.


Anyone have a mirror for the video?


Living in the Silicon Valley after reading this article might sound awesome; but it's far from the truth.

I grew up there. I feel like I was deprived of a childhood. I moved away a couple of years ago and am never going back. You have nothing but sprawled out office parks, rich internet tycoons, a police force with nothing to do, helicopter parents, and soccer moms. The thing that topped it all off was the super competitive vibe amongst the peers and parents. I would not recommend living there under any circumstances.


Plus leaf blowers 24/7.


Wow, that's kind of funny, because I didn't even notice that was gone until you mentioned it. I guess I was so used to it that I tuned it out.


But you're winocm. You're famous, dude. Just show a link to your github page / contributions to the iOS jailbreak community and I'm sure you'd get a fat scholarship.

But then again, how can I say something like that when I dropped out of school myself? :P


I'm starting to get sick of these Bitcoin posts.


Get used to it. This now is a bigger part of the tech world than NodeJS and friends.


then the tech world just got 1000x more boring. I thought people got into the startup world because they wanted to AVOID wall street....

best thing the author said lol -- I recommend governments to shut down the entire network to prevent people from doing nasty things with Bitcoin. amen

Btw VMG this is the last you'll hear from me! I'm trying to resolve to not read/comment on any more Bitcoin posts. It's fueling the fire of boredom. I gotta code somethin cool in the next few months so we can have a new headline on this site finally.


Well, something so dangerous that must be shut down by the government can't be boring in my eyes.

Sad to see you go, Bitcoin needs critics and contrarians.


Heh so you just find poker too banal, eh?

Lol if you want to code something better than Bitcoin (I think it's trivially easy using libcoin but involves putting a couple of legal/economic advisors on the payroll, which I can't afford yet) you may well count me in, but I'm tired of this same old block chain.

FYI gov't still hasn't shut down Amway & they are obviously a pyramid scheme. That's why I'm not interested, it seems like a clear failure to me that is just festering -- why wait for the official word? It may take a while. I'd want to build a cryptocurrency that stabilizes much faster.

All the best


I'm on fat0wl's train out of here. Previously I gave you guys the respect of honest antagonism. The quackery of bitcoin is so obviously ludicrous I can no longer justify my time spent pointing it out.

People throwing money around does not make a thing important.

Don't you dare say no one warned you when the whole thing comes crashing down.

And yes, fine, whatever, you can say "toldya so" all you like when Bitcoin fulfills your fantastic greed and you lot join the 1% of your new capitalist utopia. Real moral high ground you'll have, then.


"The quackery of bitcoin is so obviously ludicrous I can no longer justify my time spent pointing it out."

Oh, what a terrible loss for thoughtful discussion, nothing frames a debate quite as nicely as dismissing the topic of discussion as quackery.

"People throwing money around does not make a thing important."

What does that even mean? I'm not sure what makes something important, but from an entrepreneur's perspective "people throwing money around" (to the tune of a couple billion dollars) is at least... significant? something that merits continued examination? Important doesn't seem like a stretch, but I'm sure you have a quintessential example of something important...

"Don't you dare say no one warned you when the whole thing comes crashing down."

I appreciate the smugness in your concern, but just about everyone who invests in bitcoin is aware of the price volatility, you're like the guy who scoffs at lost mountain climbers as if they didn't realize that risk was part of the journey.

"And yes, fine, whatever, you can say "toldya so" all you like when Bitcoin fulfills your fantastic greed and you lot join the 1% of your new capitalist utopia. Real moral high ground you'll have, then."

Ok, right. So if I understand, if it all comes crashing down, you warned us all, but if the opposite happens then we're all assholes for reaping the rewards of our investment in something we were told was unimportant quackery destined to fail.

I'm starting to feel like this is one of those posts designed to trigger a defensive response in gullible readers who mistake your comment for an attempt at reasoned discourse. What do they call that again?


> And yes, fine, whatever, you can say "toldya so" all you like when Bitcoin fulfills your fantastic greed

A moral hedge - I like it!


Wow. I don't bother with Bitcoin personally, but I certainly don't actively hate it like a few of us around here seem to...


Starting, eh? The author basically says the bitcoin handler at the coffee shop will know how much you have unless you go through a massive scheme (which is probably borderline illegal for decent reasons) to gain back any sense of normalcy.

This is what happens when people take their own ball to go play in their own yard.

If it's going to take the amount of time, energy, and expertise to barely make bitcoin usable, how does the cognitive dissonance not overwhelm the coinbugs?


Bitcoin is not so bad at privacy as you say. But it's certainly can be made better with fully automated solution deployed on massive scale individually, without major agreement or protocol changes. It's just an evolution of the technology. Ajax apps also did not appear overnight on the web.


That's generally not the case. You might be able to see some of my funds, but certainly not the entire contents of my wallet unless you're using very broken ones. I've hundreds of different inputs in my wallet, and you'd only be seeing one of them.


I think the danger of the public nature of the blockchain is way overstated. It's fairly trivial to introduce reasonable doubt into your transaction history, blockchain analysis is nowhere near as useful to law enforcement as some people think.

The situation I worry about more is when someone is operating outside of the law, for example if you legitimately but unknowingly end up with some coins that were previously stolen, and then some guys with baseball bats turn up at your house.


That's why you split the coins repeatedly as you mix them. You don't want more than 0.1% of someone's "dirty" history. Client-side statistical analysis allows each node to decide which coins are good for them personally. (So that all coins are "far" away from each other.)


Honestly, I'd rather read about bitcoin than the app someone wrote in X lines of *.js


Yeah I can actually understand where you are coming from. I spend a lot of time with Bitcoin but never come to HN for Bitcoin information, I prefer my HN being startups and programming/algorithm stuff.

I think one of the reasons Bitcoin is becoming more popular on HN is that a lot of us are interested in fun/challenging tech ways to make a decent living or even make a million bucks.

At the moment Bitcoin is making a bunch of nerds millionaires and we are all interested in making sure Bitcoin overcomes all the hurdles ahead.


Bitcoin is programmable money, so I don't understand how there can be programmers who find it boring.


Hi josephagoss, could you please share with us your source of Bitcoin information?

In case you want to keep it private, I have an email provided.


Haha nowhere special, everything I know originates from Bitcointalk. A lot of information about the people, code, economy is there. However you do have to spend sometime searching and sifting through the noise.

Apart from the massive signal to noise ratio any site or related information ends up on that forum one way or another, it is a fantastic central hub. Just be warned, 99% of the stuff there is absolute rubbish.

A lot of the code has been explained over the years on the forum and a lot of discussion takes place about how certain things might be better off different. (At the moment a big area of interest is Coinjoin and Zerocoin is discussed quite a bit too.) Also the inventor of hashcash frequents the forum sometimes and offers good insight.


HN needs a downvote button for articles. I think that would solve this quickly.


It's that little up arrow next to every other article.


It has a 'flag' function if you've got enough karma to see it.


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