Shantanu Gautam

chipotle:

Reuters’ Felix Salmon—not blogging here under the auspices of Reuters—pens a fascinating analysis of everyone’s favorite crypto-anarchist virtual currency. If you’re interested in this sort of thing, read the whole article, not just to the point he says something you think you disagree with.

Bitcoins, like gold, are beholden to no government; they can’t be printed by any central bank, and they certainly won’t be subject to hyperinflation, since the global supply of bitcoins will never exceed 21 million. If you’re holding dollars, you’re trusting the US government not to destroy your wealth. Bitcoin, by contrast, is based on mistrust. It’s specifically designed so that it’s every man for himself. The level of mistrust built into bitcoin is both feature and bug. […]

In reality, bitcoin doesn’t really behave like a currency at all. In terms of its market value, it looks much more like a highly-volatile commodity. That’s by design: bitcoins were created to be the most fungible commodity the world had ever seen—to a point at which they would effectively erase the distinction between a commodity and a currency.

But is that a good idea?

Salmon is writing as neither irrational cheerleader nor reflexive skeptic. He clearly likes many of Bitcoin’s goals, but has thoughtful questions about whether Bitcoin is the best way to reach them.

Nice read ,for anyone wondering what bitcoins is.

webkitbits:

Didn’t even know about this feature, but it’s brilliant. A quick idea of what you can do:

#bar { height: calc(10em + 3px); } 

And regarding current support:

The calc() property for lengths is available now in Chrome 19 (Dev channel build) by use of the ‘-webkit-calc’ property, in Firefox since version 8 using the ‘-moz-calc’ property and in Internet Explorer since version 9 unprefixed.