Bitcoin: The Simplest Non-technical Explanation

Bitcoin is diametrically opposed to all existing electronic currencies, a radically new concept that is quite difficult to explain, to a point that many articles on Bitcoin mistakenly compare it to Beenz, e-gold, Flooz, PayPal, Pecunix, etc, This is always a sign that the authors do not comprehend the main pillar of Bitcoin's design.

Bitcoin is the world's first invention of a decentralized electronic currency, with no central authority or trusted parties whatsoever, as its inventor originally describes. Not even the Bitcoin developers themselves have special control of Bitcoin. Compare this to other e-currencies that are operated by central authorities that are single points of failure: they have a history of regulating transactions (Paypal blocking donations to Wikileak, etc), or simply failing and shutting down (Beenz, etc).

If Bitcoin is confusing to you, that is normal. Bitcoin is best explained by this list of analogies. Read carefully:

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mrb Tuesday 10 January 2012 at 8:06 pm | | Default | Fourteen comments
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Revenue Idea for Twitter: $1 per Month to Raise the Limit to 280 Characters

The current 140-character limit of Twitter is a main pillar of its success. Brevity makes writing and reading effortless. Their users love it.

Well, most do. Some want the limit to be raised or dropped altogether. But I believe doing so would kill the very essence of the service.

So what if Twitter offered the option to pay a small fee, say $1/month, to double the limit to 280 characters? If only 10% of their users took the offer, that would be about 30 million users bringing $360 million per year, increasing the company's annual revenues by +260% (estimated at $140 million in 2011).

This would solve Twitter's profitability problem for good. It would preserve the sweet shortness of most of the tweets. Those who want to be more eloquent can now be, because anybody can afford $1/month. And we are all happy ever after?

Surely, I must not be the first one to have come up with this idea. It sounds too obvious.

mrb Wednesday 28 December 2011 at 9:17 pm | | Default | Seven comments
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Deleting 39794 Gmail conversations

I unsubscribed from the qemu-devel mailing list, and deleted all the archived emails —spanning a few years— from my Gmail account. According to Gmail this represented 39794 conversations (threads).

  • My mailbox's size decreased by 752 MB: the average space consumed by a conversation was 19 kB.
  • It took 60 seconds to move all messages to the trash.
  • It took 250 seconds to empty the trash, or 6 ms per conversation, which suggests only one HDD seek per conversation on Google's servers.

This is good performance. Can you delete this quantity of emails just as quickly from your company's email server?

mrb Saturday 24 December 2011 at 7:44 pm | | Default | Two comments
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LAX Approach

An amateur photographer friend and I went on a building roof with a good view on the Los Angeles International Airport (LAX) to make a time-lapse video of the planes landing at night. The frames are separated by 10 seconds:

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mrb Monday 05 December 2011 at 8:22 pm | | Default | No comments
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1TB Hard Drive Prices up 180% in a Month

The Newegg price charts on Camelegg sum this up illustratively:

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mrb Saturday 05 November 2011 at 11:41 pm | | Default | 23 comments
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The Science Behind the E-Cat Cold Fusion Reactor

I was initially very dubious when hearing about E-Cat, a cold fusion reactor supposedly invented by Andrea Rossi. The first 1 megawatt unit was reportedly sold to a secret customer two days ago. Mainstream press has mostly ignored the invention so far. However, I found out there is a surprisingly rich history of scientific research and experiments about the mechanism it employs, nickel–hydrogen fusion. Evidence proving that the device is working keeps piling up and up. This is to a point that I am now personally convinced that this is one of the greatest (accidental) discoveries in human history.

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mrb Sunday 30 October 2011 at 8:23 pm | | Default | Thirteen comments
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65k Open TCP Ports on open.zorinaq.com

Are you sometimes in need of a network diagnostic tool to verify if your Internet Service Provider, or company, or home network is blocking outgoing connections to certain port numbers? No problem. Walk to open.zorinaq.com.

mrb Monday 17 October 2011 at 11:19 pm | | Default | Seven comments
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xdm and getty Confusion on Ubuntu 11.04

I worked around a supremely annoying bug in xdm (X Display Manager) in Ubuntu 11.04. The issue was initially very puzzling to me. It looked potentially complex to correct. However the workaround turned out to be ultra simple. I like this turn of events. Here is the story.

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mrb Wednesday 12 October 2011 at 03:13 am | | Default | Four comments
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