Feathercoin

[Jewboo]

You really don't understand the word hypocrisy do you Book?

Ares
http://gold-silver.us/forum/images/s...ser-online.png
Bitcoin Miner <---

http://www.kitguru.net/wp-content/up...4/bitcoins.jpg

[Jewboo]

satoshi

In November 2008, a paper was posted on the internet under the name Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System. This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust".^[3][4][5][6] In January 2009, the Bitcoin network came into existence with the release of the first open source Bitcoin client and the issuance of the first bitcoins,^[4][7][8][9] with Satoshi Nakamoto mining the first block of bitcoins ever (known as the "genesis block"), which had a reward of 50 bitcoins. The value of the first bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction involving a 10,000 BTC pizza.^[4]

http://genknews.vcmedia.vn/zoom/230_...-nsa-bb944.jpg
Satoshi Nakamoto

[EE_]

In November 2008, a paper was posted on the internet under the name Satoshi Nakamoto titled Bitcoin: A Peer-to-Peer Electronic Cash System. This paper detailed methods of using a peer-to-peer network to generate what was described as "a system for electronic transactions without relying on trust".^[3][4][5][6] In January 2009, the Bitcoin network came into existence with the release of the first open source Bitcoin client and the issuance of the first bitcoins,^[4][7][8][9] with Satoshi Nakamoto mining the first block of bitcoins ever (known as the "genesis block"), which had a reward of 50 bitcoins. The value of the first bitcoin transactions were negotiated by individuals on the bitcointalk forums with one notable transaction involving a 10,000 BTC pizza.^[4]

http://genknews.vcmedia.vn/zoom/230_...-nsa-bb944.jpg
Satoshi Nakamoto

Imagine giving away your 10 million dollar lottery ticket for a couple pizzas? I don't think I could ever eat a pizza again.

http://comedyorb.files.wordpress.com/2011/03/pizza.jpg

[mick silver]

mined out of air

[Ares]

mined out of air

Posted out of thin air.

It's funny that you guys post on a web forum and believe it has merit even though its just ones and zeros. Yet cant see the merit of using a piece of cryptography as a medium of exchange that can't be mined into infinity.

[Horn]

mined out of air

This is why the Quark coin looks attractive in a finite bubble, apparently Satoshi made the difficulty in mining option a variable?

Quark has managed to produce nearly all their coins in 6 weeks, thus becoming the most "finite" among the coins in near real time terms, while also being the most efficient in completing their mine cycle.

While Satoshi paved the way with miners as a vested interest in his utility, they are no longer required and can be shed like space junk (towards the sun or moon hopefully)

peace out, Ares...

[Ares]

Ares

Bitcoin Miner

Yep, so I know what kind of hardware you'd need to mine bitcoins. I also work in Information Technology for a living and know that the NSA has specialized hardware for data acquisition and storage. I also know that said equipment is not optimized for mining bitcoins. Even if it was CPU based doing a couple million mega hash, it still pales in comparison to a single specialized ASIC unit doing 3 TeraHash (3,000 giga hash, 3,000,000 Mega hash)

You can see in real time which pools are doing the majority of the hashing.
http://static.blockchain.info/pools.png?format=png

Even if the NSA or some government alphabet agency was the "unknown" does it even come close to some of the larger pools on there?

NOPE!!

Not to mention that the pools are all competing with each other to solve a block.

[sirgonzo420]

Imagine giving away your 10 million dollar lottery ticket for a couple pizzas? I don't think I could ever eat a pizza again.

http://comedyorb.files.wordpress.com/2011/03/pizza.jpg

laszlo, the Florida programmer who bought those two pizzas for 10,000 btc, is still doing ok btc-wise, methinks. His transaction helped to spur trading and bartering in bitcoin, and without his pizza buy, the rest of his bitcoins might be nominally worth less in FRNs.


EE you come across as quite avaricious, especially of late. It is unbecoming of you.

[Ares]

This is why the Quark coin looks attractive in a finite bubble, apparently Satoshi made the difficulty in mining option a variable?

Quark has managed to produce nearly all their coins in 6 weeks, thus becoming the most "finite" among the coins in near real time terms, while also being the most efficient in completing their mine cycle.

While Satoshi paved the way with miners as a vested interest in his utility, they are no longer required and can be shed like space junk (towards the sun or moon hopefully)

peace out, Ares...

Quark could win out over Bitcoin, definitely. It has extremely powerful encryption and really efficient to mine with a CPU. Which makes it accessible to anyone with a computer and not having to purchase such specialized hardware.

[Neuro]

I think we will be merging with machines in the next 100 years. What past examples or life experiences can help us relate to that? The things that are happening in the world right now are absolutely mind blowing. We are in a world were less and less people can find work since machines are so efficient that frankly most SHOULDN'T have to work anymore anyways if we theoretically ran things efficiently with current technology.

I work and live in virtual reality. I have a strong tie to technology spiritually and consciously. I'm what you might call a transhumanist (the non-control freak NWO kind though.) I believe that technology is of course a double edged sword. Those of us who believe in freedom and liberty have to constantly use it to the max to free people or the bad psychopaths who wish to enslave/harm us will do so.

Buying Gold/Silver wont take down the bankers. Creating a decentralized free market system MIGHT do it though. We are all so used to seeing rigged markets all our life than when we see a real, unrigged one it probably looks like a scam or a joke. The Rothschilds have run this system for about 300 years now and its time to end it once and for all. I have no plans on selling my Gold/Silver anytime soon, and wont trade it for any cryptos at this point. Precious metals are something physical that will always have value, so they have an important place as money, but they won't change the world.

If we don't do this, or something like this, these bankers, these psychoapths in charge will enslave us in ways so unimaginable that there will be no returning from it. I don't see any other options than to fight fire with fire.

Exactly what do you think has prevented these bankers from buying up the majority of the mined bitcoins during the last year what's the 300 dma of bitcoins? $80? If they did, you can rest assured it will stay, but manipulated and diluted, with bitcoin futures, derivatives, ETF's, where they can soak up any increase in demand, by just issuing more junk paper, and they make their money on being perpetually short. The only difference with gold and silver is that they are tangible, and they are not replaceable with a similar looking metal in the periodic table, like crypto-coins are. And there are not a virtually endless supply of new metals waiting to be introduced into the periodic table.

Look I do understand your sentiment, I really think I do at least, but crypto-currencies can as easily be controlled by banksters as gold, probably more so (as it is much cheaper to buy into 12 million bitcoins at $80-150, than 5 Billion ounces of gold at $12-1500, and thus they are not a good vessel for our liberation. Silver may actually be a better liberty liner since probably most of it above ground is in common mans possession, and it has been too cheap for the über-rich to consider it as a store of wealth (a ton is only $650,000 a thousand tons is $650 million, which for many über-rich is a small part of their wealth).