Just today I was in a usually locked room in our building and noticed someone's laptop connected to about a dozen bitcoin chips (FPGAs??). The control panel was open on the laptop and indicated a mining rate of 0.0036 bitcoins per day. That's one bitcoin per year. Seems like an awful lot of effort for a couple hundred bucks.
On 21 November 2013 19:23, Pietro Terna <pietro.te...@unito.it> wrote: > At http://coinmill.com/BTC_calculator.html#BTC=100 you have the > values of 100 BC in ... any money. > > We are currently in a bubble, see the graphic (euros for 100 BC). > > Best, Pietro > > > Il 21/11/13 05:49, Arlo Barnes ha scritto: > > Just listened to an NPR discussion of bitcoin. Fascinating! Good for >> bad-guys, and good-guys. >> > See Comment two paragraphs below. > >> The Silk Road market where you can buy all sorts of illegal things. >> > And some legal things. What amuses me about the Silk Road is the > nicknames of the once and present kings (so to speak) of the site, the > Dread Pirates Robert, being of course a reference to the Princess Bride and > anticipating the capture of one and rise of the other in the tradition of > the first, if that sentence is parsable.. > >> BC is illusive. Like another "bit", bit torrent, it's so distributed >> and p2p that its hard to get your brain around it. >> > An undercorrected mistake: Illusive = an illusion. Elusive = it eludes > one. But I agree, and the inherent complexity of the underlying > cryptography makes it hard to talk about in sound-bite format - just in > recent coverage, I have heard so many misconceptions about the computer > science and politics involved with Bitcoin. Hopefully the cryptographers > should be out in force with their diagrams. The best *introduction* to > Bitcoin is a New Yorker article from a couple years ago, let me find it. [ > HERE<http://www.newyorker.com/reporting/2011/10/10/111010fa_fact_davis%3F>] > Doubtless not without imprecisions itself, but not so fearmongering. > >> Even the Fed Reserve admires it and is interested in its future. >> > Still wondering what is going to happen to the millions of bitcoin seized > from the first Silk Road. Dump it on the market all at once to drive the > price down? Withhold it forever? > >> And in terms of legality, it an offense to steal it and a guy is being >> tried for a ponzi scheme involving BC. >> > I have heard some of those that tend towards suspicion claim that Bitcoin > *is* a Ponzi scheme. Their theory relies on Satoshi Nakamura owning a lot > of Bitcoins currently. Which brings up the interesting question if we could > guess which interactions are his based on inference. > >> And its trading very high against the dollar. Has anyone gotten >> involved? Got a bitcoin? >> > A friend gave me about 3μB⃦ if I remember correctly. I got tired of > keeping the needy blockchain on my computer, so I sent most of those > microcoins to an address with Electrum <http://electrum.org>. > > And on the New Mexico GNU/Linux User Group mailing list today (anyone > else subscribed?) someone posted about their project > https://bitcoinpaperwallet.com/. > > -Arlo > > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com > > > -- > The world is full of interesting problems to be solved! > Home page http://web.econ.unito.it/terna or http://goo.gl/y0zbx > > > ============================================================ > FRIAM Applied Complexity Group listserv > Meets Fridays 9a-11:30 at cafe at St. John's College > to unsubscribe http://redfish.com/mailman/listinfo/friam_redfish.com > -- Saul Caganoff Enterprise IT Architect Mobile: +61 410 430 809 LinkedIn: http://www.linkedin.com/in/scaganoff
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