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| From | Marko Rauhamaa <marko@pacujo.net> |
|---|---|
| Newsgroups | comp.misc |
| Subject | Re: Using supercomputers for crypto-coin mining |
| Date | 2014-02-22 21:55 +0200 |
| Organization | A noiseless patient Spider |
| Message-ID | <87vbw6j51i.fsf@elektro.pacujo.net> (permalink) |
| References | <bmqu32Fbca2U1@mid.individual.net> <lea41o$srj$1@solani.org> <slrnlghofu.1l3f.g.kreme@oswin.local> <I4OdnROw3cpTcJXOnZ2dnUVZ_vOdnZ2d@supernews.com> |
Marek Novotny <mach2@hushmail.com>:
> All fiat currencies are fictitious. Gold, Silver and other "tangible"
> currencies are stores of real value.
The bitcoin is similar to collecting art or stamps. It has no inherent
value. Art can be enjoyed, you may get all giddy about having a complete
stamp collection; maybe some people get satisfaction from seeing a
perfect alignment of bits and being somehow intimately associated with
("owning") them.
The national currencies have solid, real value: taxes are collected in
them. You must come by a designated amount every year or you'll land in
prison for tax evasion.
I would venture to say that a well managed national "fiat" currency has
more inherent, real value than gold and silver, whose industrial worth
doesn't justify the demand.
Marko
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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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