[WriteLog] WriteLog 11.22 released AND a special sale...

[Gary AL9A]

I'm more partial to a mayonnaise jar buried in Funk & Wagnall's back yard!

73,
Gary AL9A

-----Original Message----- 
From: k2qmf at juno.com 
Sent: September 19, 2014 1:27 PM 
To: al9a at mtaonline.net 
Cc: k2qmf at juno.com ; writelog at contesting.com 
Subject: Re: [WriteLog] WriteLog 11.22 released AND a special sale... 



You sound like a candidate for Bitcoin!!

On Fri, 19 Sep 2014 12:57:57 -0800 "Gary AL9A" <al9a at mtaonline.net>
writes:
> I know, off topic, but...
> 
> Don't bet the "bank" on your being held harmless because your bank 
> has FDIC 
> insurance.  This is yet another Federal agency long on promises, 
> short on 
> cash to deliver.  If any FDIC member bank were to fail you can count 
> on the 
> legal process to take months or years to do the auditing steps prior 
> to 
> making any payouts to the customers.  Even then I would estimate 
> FDIC would 
> cover only about 60 - 70 % of customer losses.  If many banks failed 
> at the 
> same time the payout would be even less.  How's your sleep doing 
> tonight?
> 
> 73,
> Gary AL9A
> 
> -----Original Message----- 
> From: k2qmf at juno.com
> Sent: September 19, 2014 8:29 AM
> To: w5xd at writelog.com
> Cc: writelog at contesting.com
> Subject: Re: [WriteLog] WriteLog 11.22 released AND a special 
> sale...
> 
> 
> I don't know about you but my bank
> has FDIC insurance!!!
> 
> Go figure!
> 
> K2QMF
> 
> On Fri, 19 Sep 2014 15:30:45 +0000 "Wayne, W5XD" 
> <w5xd at writelog.com>
> writes:
> > >Bitcoins sound a little bit sketchy to me...
> > >
> >
>
>http://www.bloomberg.com/news/2014-02-28/mt-gox-exchange-files-for-bankr
> uptcy.html
> >
> >
>
<http://www.bloomberg.com/news/2014-02-28/mt-gox-exchange-files-for-bankr
> uptcy.html>
> >
> > Yes, it does sound sketchy. Here are some facts to ponder:
> >
> > mt-gox is (was) a bitcoin exchange where "exchange" is an 
> important
> > word to understand.
> > It was "like" a bank in the sense that bitcoin owners entrusted
> > their private keys to
> > a third party (mt-gox) who treated them in an insecure way (i.e. 
> the
> > private keys were
> > stolen). This is analogous to taking a pile of cash to a bank, 
> who
> > put it in a safe, but
> > the cash disappeared from the safe. The keeper of the safe 
> declared
> > bankruptcy because
> > he didn't have the resources to pay back the depositors.
> >
> > Would we allow ourselves to say cash is "sketchy" and we should 
> not
> > use it? Every
> > individual has to make a choice, but the underlying choice is one 
> of
> > trust: do
> > you trust (a) the technology behind the "cash" or the "digital
> > currency"? (b) the
> > keepers of the keys to lock to the safe? (c) that the "cash" is
> > itself not counterfeit?
> > or (d) the cash won't be inflated to zero value by the time you 
> want
> > it back?
> >
> > My understanding of bitcoin, based on my own technical expertise, 
> is
> > that its technology
> > meets basic standards of trustworthiness. But there is no 
> absolute
> > standard of
> > trustworthiness. Each of us has to make a relative judgement of
> > whether one choice is
> > more trustworthy ("secure") than another. In this case, the 
> choice
> > is between bitcoin
> > and the US dollar. Each offers a very different set of technical
> > tradeoffs, and a very
> > different set of human judgement tradeoffs (that is, you have to
> > predict the future
> > behavior of people in order to make a decision about who to 
> trust.)
> >
> > Wayne, W5XD
> >
> > ________________________________
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> > WriteLog at contesting.com
> > http://lists.contesting.com/mailman/listinfo/writelog
> > WriteLog on the web:  http://www.writelog.com/
> >
> 
> ____________________________________________________________
> Apple's new iPhone?
> Look closely. Because as you might guess, Apple is hiding 
> something…
> http://thirdpartyoffers.juno.com/TGL3141/541c5a692619a5a680b34st01vuc
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> 
>