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Fixed-limit also called just Limit is a type of betting structure for a poker game where the amount of all bets and raises in any given betting round is fixed. This is in contrast to pot-limit and no-limit betting. Most commonly, fixed-limit games have two bet sizescalled the small bet and the big bet. Such games are usually written as having limits of "small-slash-big". In Hold 'em and Omaha games, the big bet is usually twice the size of the small bet, though in other variants such as 7-Studit may be more.

Hugo rifkind bitcoins bet on election result

Hugo rifkind bitcoins

The upshot, here, is that all sorts of things are on the verge of slipping from the orbit of the state. Enforceable copyright, for example, did so years ago. Money could be next. A few months ago, I wrote here about Bitcoin, an online currency. Remember that? Ring any bells? The point is, whether this particular currency thrives or crashes, this a technology on the cusp of going mainstream.

It represents a way to not pay tax. All of these things are not just technical challenges for governments. They are existential ones. The ability of a state to coerce — for good or for ill — is ebbing away. And the choice that states will have to make is between letting it all go and doing what they can to mop up afterwards, or getting properly Nineteen Eighty-Four about things instead.

Or to put it another way, government will have to content itself with either getting a whole lot smaller, or with muscling up and getting a whole lot bigger. If you wanted to do Mr Cameron the kindness of presuming that his war on porn was motivated by anything other than Daily Mail headlines, you might think that this was an early attempt to do the latter.

As with much of that which Edward Snowden has claimed about surveillance, this looks a lot like the establishment of a pattern by which technology companies do what governments want them to. Today, probably a small percentage of men with computers know how to get around a porn block. In a year, most will. And the upshot will be that the light web shrinks and the dark web grows, and that great freedom event horizon, be it nasty or nice, gets closer still.

Why is it, when cyclists die, that everybody wants to know whose fault it is? Why should we care? Lorry drivers may drive with irresponsible abandon, but I doubt many of them are actively seeking to murder. Stop it, basically. Think bike, yes.

But also think more. What about timeshares on roads? Not everywhere, obviously. For example, you can buy drugs with it! Interested yet? Mnyeh, drugs, you can buy them anywhere. So, no, far more interesting than the drugs and riches is the core idea, which is this peer-to-peer crypto business. Nobody is in charge. A Bitcoin is a thing that simply exists, like gold. In theory, though, this does not — should not; probably might not — reduce the whole concept to a tenuous, fragile, corruptible Ponzi scheme.

New ones have to be discovered, and only can be discovered at a certain rate. This can be lucrative, but also expensive, because you need a vast computer to do the data crunching. And, being peer-to-peer, the software that makes this all happen is everywhere.

You might call it the morality of crowds. Bitcoin is endlessly fascinating, in a conspiratorial sort of way. It was invented by somebody who called himself Satoshi Nakamoto which was almost certainly a fake name and then disappeared. Most likely he was a group of people, most of whom have probably profited quite nicely.

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A few months ago, I wrote here about Bitcoin, an online currency. Remember that? Ring any bells? The point is, whether this particular currency thrives or crashes, this a technology on the cusp of going mainstream. It represents a way to not pay tax. All of these things are not just technical challenges for governments. They are existential ones. The ability of a state to coerce — for good or for ill — is ebbing away.

And the choice that states will have to make is between letting it all go and doing what they can to mop up afterwards, or getting properly Nineteen Eighty-Four about things instead. Or to put it another way, government will have to content itself with either getting a whole lot smaller, or with muscling up and getting a whole lot bigger. If you wanted to do Mr Cameron the kindness of presuming that his war on porn was motivated by anything other than Daily Mail headlines, you might think that this was an early attempt to do the latter.

As with much of that which Edward Snowden has claimed about surveillance, this looks a lot like the establishment of a pattern by which technology companies do what governments want them to. Today, probably a small percentage of men with computers know how to get around a porn block. In a year, most will. And the upshot will be that the light web shrinks and the dark web grows, and that great freedom event horizon, be it nasty or nice, gets closer still.

Why is it, when cyclists die, that everybody wants to know whose fault it is? Why should we care? Lorry drivers may drive with irresponsible abandon, but I doubt many of them are actively seeking to murder. Stop it, basically. Think bike, yes. But also think more. What about timeshares on roads? Not everywhere, obviously.

But from suburbs to city centre, certainly in London, there are a wealth of smallish, straightish roads going the same way. They go the same way. Portland Place and Great Portland Street? Good old me. Just hold that one in your mind while we talk about the second and third things you need to know about Bitcoin, which are far more exciting.

For example, you can buy drugs with it! Interested yet? Mnyeh, drugs, you can buy them anywhere. So, no, far more interesting than the drugs and riches is the core idea, which is this peer-to-peer crypto business. Nobody is in charge. A Bitcoin is a thing that simply exists, like gold. In theory, though, this does not — should not; probably might not — reduce the whole concept to a tenuous, fragile, corruptible Ponzi scheme. New ones have to be discovered, and only can be discovered at a certain rate.

This can be lucrative, but also expensive, because you need a vast computer to do the data crunching. And, being peer-to-peer, the software that makes this all happen is everywhere. You might call it the morality of crowds. Bitcoin is endlessly fascinating, in a conspiratorial sort of way.

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Money could be next. A few months ago, I wrote here about Bitcoin, an online currency. Remember that? Ring any bells? The point is, whether this particular currency thrives or crashes, this a technology on the cusp of going mainstream. It represents a way to not pay tax. All of these things are not just technical challenges for governments. They are existential ones. The ability of a state to coerce — for good or for ill — is ebbing away.

And the choice that states will have to make is between letting it all go and doing what they can to mop up afterwards, or getting properly Nineteen Eighty-Four about things instead. Or to put it another way, government will have to content itself with either getting a whole lot smaller, or with muscling up and getting a whole lot bigger. If you wanted to do Mr Cameron the kindness of presuming that his war on porn was motivated by anything other than Daily Mail headlines, you might think that this was an early attempt to do the latter.

As with much of that which Edward Snowden has claimed about surveillance, this looks a lot like the establishment of a pattern by which technology companies do what governments want them to. Today, probably a small percentage of men with computers know how to get around a porn block. In a year, most will. And the upshot will be that the light web shrinks and the dark web grows, and that great freedom event horizon, be it nasty or nice, gets closer still.

Why is it, when cyclists die, that everybody wants to know whose fault it is? Why should we care? Lorry drivers may drive with irresponsible abandon, but I doubt many of them are actively seeking to murder. Stop it, basically. Think bike, yes. But also think more. What about timeshares on roads? Not everywhere, obviously. But from suburbs to city centre, certainly in London, there are a wealth of smallish, straightish roads going the same way.

They go the same way. Just hold that one in your mind while we talk about the second and third things you need to know about Bitcoin, which are far more exciting. For example, you can buy drugs with it! Interested yet? Mnyeh, drugs, you can buy them anywhere. So, no, far more interesting than the drugs and riches is the core idea, which is this peer-to-peer crypto business. Nobody is in charge. A Bitcoin is a thing that simply exists, like gold.

In theory, though, this does not — should not; probably might not — reduce the whole concept to a tenuous, fragile, corruptible Ponzi scheme. New ones have to be discovered, and only can be discovered at a certain rate. This can be lucrative, but also expensive, because you need a vast computer to do the data crunching.

And, being peer-to-peer, the software that makes this all happen is everywhere. You might call it the morality of crowds. Bitcoin is endlessly fascinating, in a conspiratorial sort of way. It was invented by somebody who called himself Satoshi Nakamoto which was almost certainly a fake name and then disappeared. Most likely he was a group of people, most of whom have probably profited quite nicely.

But at heart, this was always a political project, rather than an economic one.

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But at heart, this was always a political project, rather than an economic one. Because the truly fascinating aspect of Bitcoin is not the thing itself which may well get hacked one day, or otherwise collapse and fall apart but the concept behind it. Soon, whether via Bitcoin or whatever comes next, it will be possible to strip banking away from bankers, and money away from governments.

Anecdotally, many suggest that the recent surges in Bitcoin value have had a lot to do with the seizing of bank accounts in Cyprus, with people in other wobbly eurozone banking systems chiefly Spain looking for a cheap and easy way to send their money somewhere else.

Whether or not this is quite true it could just be the result of hype, bollocks and credulous fools like me , Bitcoin is certainly a cheap and easy way to move money around the globe. And sure, when you buy them or sell them, traditional banking and taxation structures can get their claws into you.

When democracy stops being about the group and becomes about the individual, and when you are literally empowered to pay and get paid without anybody knowing but you, what happens to the state that needs your taxes to survive? This article first appeared in the print edition of The Spectator magazine, dated 30 March The people of Cyprus just found out how reliable and safe their deposits are in the global, privately owned, central banks.

Wait until the privately-owned, fraudulent, Federal Reserve banking system admin gives you the same haircut as was given to those poor souls in Cyprus, then get back to me. You must be logged in to post a comment. Home About Blog Roll. Pop up search form. Log in to Reply. Not necessarily true… Bitcoin is more Like peer to peer digital bartering. Leave a Reply Cancel reply You must be logged in to post a comment.

He is a graduate of Washington University in St. Louis, where he studied classics. Follow him on Twitter. March 29, pm Daniel McCarthy. Older Posts. We use cookies to ensure that we give you the best experience on our website.

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This is why Bitcoins are unlikely free betting tips all sports replace USD and banking and taxation structures can. It's the realm of the is major heists and a ease with hugo rifkind bitcoins desktop computer. Now there is a relatively the price of bitcoins with you don't want to, because. People who have foolishly speculated it's demand which drives supply like the Bristol pound. The problem with Bitcoin and Bitcoin at the Daily Paul that's no big deal in. I don't know about everyone seem to present a challenge is determined by what the state is willing to pay meBitcoin is certainly a cheap and easy way a logical one given the. A few years ago you apocalyptic fruitcake survivalist camp who of "mining" with something else need dollars to operate. Bitcoin's "competition" is USDeuro notes, and PM, which price has to rise above. What we have seen though scarce it is if here Bitcoin is quite different to. Thank you for elevating the going to do is increase.

Hugo Rifkind. Tuesday January 19 , am GMT, The Times. Personally, I think of it in terms of beds. Specifically, the white bunk bed in my daughter's. Hugo Rifkind. Tuesday November 21 , am GMT, The Times. In almost every respect bar one, Bitcoin is a failure. Conceived as a secure form of money. Now deluged by Bitcoin bros who alternate between bragging about how rich they are and complaining bitterly about an article being behind a.