Will Bitcoin Replace Dollars and PayPal?

Bitcoin was generated in its early days by geeks running souped-up microcomputers for billions of cycles, consuming a lot of electricity and communications bandwidth to produce no useful result. (Does “It is the tale of an idiot, full of sound and fury signifying nothing” seem a propos?) This is counter to the evolution of physical coins (and their paper surrogates and later trusted electronic financial institution balances) that were a convenient (easily transported) substitution for useful physical objects that had previously been bartered (e.g., cords of firewood or herds of sheep). Given its origin, it seems strange that it was not originally denominated in terms of compute cycles and actually used that way. Anyway, enough people believe in it that it it has practical value.

Many of those same geeky people are doing things like setting up proxy servers, and the sources of those proxy servers prefer to be paid in Bitcoin. So they are essentially following a path similar to PayPal, whose users did not want to use credit cards, and earlier when people used credit cards when they didn’t want to carry coins and paper money.

Crowdsourcing Companies Likely Can’t Boost YouTube Views. Can Proxy Servers?

The old adage “If it seems to be too good to be true, it probably is”. That is, it’s NOT true. Crowdsourcing companies promise a lot more than they can deliver. Our previous post proved to be way too optimistic when we tried to get a couple of those companies to actually deliver those views. What we found was that some proxy servers MIGHT do so.

However, it seems that proxy servers are as much of a bag of snakes as crowdsourcing entities. We noted during our experiments with crowdsourcing companies that some of them proposed to use proxy servers, or actually did so, but they apparently did not succeed in adding more than a handful of views. That apparently was because YouTube is too clever, and they disqualified most of the views for a variety of reasons. For example, if the crowdsource operative used a proxy server located in a country other than his/her own (which they could tell if the visiting IP was from one country in one time zone but the time of the computer to which the IP was attached was set to a different time zone), YouTube disqualified those views.

The other challenge is that most proxy server folks want to be paid in Bitcoin. While you can use dollars or credit cards or gift cards at sites like Paxful, they can be pretty expensive.

The bottom line is that many owners of YouTube channels may find it too expensive and time-consuming to boost their view counts via crowdsourcing or proxy servers.

Sports More Important Than Technology Business in Silicon Valley Newspaper

The Mercury News’ demoting its business coverage to the back pages of the Sports Section was a populist victory even before Trump’s election. Or does this situation simply derive from the biblical truism “no prophet is accepted in his hometown”? In any case, the rest of the world—including major newspapers—seems more entranced with the goings-on in San Jose and surrounding cities. The New York Times and Wall Street Journal have permanent staff in Silicon Valley who seem to turn out significantly more column-inches of reporting and opinion about technological accomplishments in this geography than do the valiant-but-outnumbered technology staffers at the Mercury News.

This demotion came a few months after the April 2016 renaming of the San Jose Mercury News to to reflect its merger with the San Mateo Times. But the spirit of San Jose, which some years ago was dubbed “the USA’s largest truck stop”, lives on in the focus of its printed media. (Apparently a number of other cities in the U.S. claim that theirs is the largest, and a number of locations have subtitled themselves “Silicon XXXX”, like “Silicon Prairie” which can refer to Dallas-Fort Worth or the Chicago area or a multi-state area of the upper Midwest.) We are a bit baffled because the advertisements in the Mercury News don’t seem to be for products and services that the typical sports fan would buy.