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Re: Using supercomputers for crypto-coin mining

From Marko Rauhamaa <marko@pacujo.net>
Newsgroups comp.misc
Subject Re: Using supercomputers for crypto-coin mining
Date 2014-02-24 02:00 +0200
Organization A noiseless patient Spider
Message-ID <871tyt1isd.fsf@elektro.pacujo.net> (permalink)
References (3 earlier) <I4OdnROw3cpTcJXOnZ2dnUVZ_vOdnZ2d@supernews.com> <87vbw6j51i.fsf@elektro.pacujo.net> <bmttiqFtu77U4@mid.individual.net> <ledtom$hll$1@dont-email.me> <bmve43Fai0qU1@mid.individual.net>

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Huge <Huge@nowhere.much.invalid>:

> Hell, no. But the managers of those currencies had no more ability
> than the managers of (say) USD or GBP.

Why are people so concerned about the value of cash? Now, if you have
saved up a lot of cash and the currency collapses, you'll lose a lot.
But if you are so fortunate as to have a high net worth, surely you'll
diversify your portfolio into stock and real-estate. Maybe you'd
diversify into foreign currencies as well.

You can't play it safe in life. Cash is gnawed at by inflation in the
best of cases, the stock market may crash, housing prices might tumble
down, a war or act of God might destroy everything.

Even if they tied the currencies again to precious metals, how could you
trust the currency is really backed by the real thing? The Indians
actually buy physical gold in times of turmoil. The gold bars come
packaged in transparent plastic. But how can they know whats inside is
really gold?

No matter which way you cut it, you depend on the government doing the
right thing.


Marko

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Thread

Using supercomputers for crypto-coin mining wjwlsn <ibillwilson@gmail.com> - 2014-02-22 01:23 +0000
  Re: Using supercomputers for crypto-coin mining RS Wood <rsw@therandymon.com> - 2014-02-22 12:09 +0000
    Re: Using supercomputers for crypto-coin mining Lewis <g.kreme@gmail.com.dontsendmecopies> - 2014-02-22 17:44 +0000
      Re: Using supercomputers for crypto-coin mining Marek Novotny <mach2@hushmail.com> - 2014-02-22 12:34 -0600
        Re: Using supercomputers for crypto-coin mining Marko Rauhamaa <marko@pacujo.net> - 2014-02-22 21:55 +0200
          Re: Using supercomputers for crypto-coin mining Marek Novotny <mach2@hushmail.com> - 2014-02-22 14:26 -0600
            Re: Using supercomputers for crypto-coin mining Marko Rauhamaa <marko@pacujo.net> - 2014-02-23 00:16 +0200
              Re: Using supercomputers for crypto-coin mining Marek Novotny <mach2@hushmail.com> - 2014-02-22 16:49 -0600
              Re: Using supercomputers for crypto-coin mining Huge <Huge@nowhere.much.invalid> - 2014-02-23 09:33 +0000
                Re: Using supercomputers for crypto-coin mining Marko Rauhamaa <marko@pacujo.net> - 2014-02-23 12:54 +0200
          Re: Using supercomputers for crypto-coin mining Huge <Huge@nowhere.much.invalid> - 2014-02-23 09:33 +0000
            Re: Using supercomputers for crypto-coin mining Dave Garland <dave.garland@wizinfo.com> - 2014-02-23 16:46 -0600
              Re: Using supercomputers for crypto-coin mining Huge <Huge@nowhere.much.invalid> - 2014-02-23 23:21 +0000
                Re: Using supercomputers for crypto-coin mining Marko Rauhamaa <marko@pacujo.net> - 2014-02-24 02:00 +0200
        Re: Using supercomputers for crypto-coin mining Lewis <g.kreme@gmail.com.dontsendmecopies> - 2014-02-22 22:14 +0000
        Re: Using supercomputers for crypto-coin mining Huge <Huge@nowhere.much.invalid> - 2014-02-23 09:31 +0000
    Re: Using supercomputers for crypto-coin mining wjwlsn <ibillwilson@gmail.com> - 2014-02-22 17:02 +0000
      Re: Using supercomputers for crypto-coin mining "tdk" <forum.tdk@squte.com> - 2014-02-22 16:38 +0000
      Re: Using supercomputers for crypto-coin mining Aragorn <thorongil@telenet.be.invalid> - 2014-02-23 12:23 +0100
      Re: Using supercomputers for crypto-coin mining Spalls Hurgenson <spallshurgenson@gmail.com> - 2014-02-23 10:38 -0500

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