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04-20-24 06:01 AM |
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| Main - Computing - Bitcoin | New thread | Thread closed |
| Ailure |
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Hats Steam Board2 group Level: 121 Posts: 3738/3965 EXP: 19769334 Next: 287362 Since: 02-19-07 From: Sweden, Skåne Last post: 3295 days Last view: 2046 days |
The other day I was reading about trouble with wikileaks donations, and I stumbled upon Bitcoin, a decentralized electronic currency. Now I wouldn't put high hopes into it (I doubt it catches up at all), but it still looks very interesting from a technical standpoint. The site's FAQ should explain how it works. ____________________ AIM: gamefreak1337, MSN: Emil_sim@spray.se, XMPP: ailure@xmpp.kafuka.org
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| Kawa |
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 CHIKKN NI A BAAZZKIT!!! 80's Cheerilee is best pony Level: 138 Posts: 4374/5344 EXP: 30929566 Next: 733415 Since: 02-20-07 From: The Netherlands Last post: 4492 days Last view: 2627 days |
Why does this remind me of GristTorrent? ____________________ Wife make lunch - Shampoo Opera - give it a spin Spare some of your free time? <GreyMaria> I walked around the Lake so many goddamn times that my sex drive was brutally murdered Kawa rocks  — byuu |
| Ailure |
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Hats Steam Board2 group Level: 121 Posts: 3740/3965 EXP: 19769334 Next: 287362 Since: 02-19-07 From: Sweden, Skåne Last post: 3295 days Last view: 2046 days |
I admit, that was the first thing I thought too when I saw it first. There is actually an variant that guarentees the virtual currency, by having a network generate the blocks together and share the resulting money depending on how much CPU time that was contributed. Though now I think on it, a monetary system based on computers running complicated calculations seems... wasteful. ____________________ AIM: gamefreak1337, MSN: Emil_sim@spray.se, XMPP: ailure@xmpp.kafuka.org
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| Haz |
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 Fuzz Ball Level: 64 Posts: 620/956 EXP: 2123758 Next: 90339 Since: 03-02-10 From: Michigan, USA Last post: 4002 days Last view: 1932 days |
Doesn't seem too far from any other fiat money, except for that it has no physical form.
Could work, could fail. |
| Ailure |
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Hats Steam Board2 group Level: 121 Posts: 3742/3965 EXP: 19769334 Next: 287362 Since: 02-19-07 From: Sweden, Skåne Last post: 3295 days Last view: 2046 days |
Yeah, it's value is what people give it. Which is why it might wind up failing too, as it needs enough people to actually care about it having a value.
Rather interesting in how it prevents counterfeiting still, but if someone with a large botnet intervenes, they can probably in theory interfere with this currency. ____________________ AIM: gamefreak1337, MSN: Emil_sim@spray.se, XMPP: ailure@xmpp.kafuka.org
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| Main - Computing - Bitcoin | New thread | Thread closed |
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