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Re: Using supercomputers for crypto-coin mining

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On 2014-02-22, Marko Rauhamaa <marko@pacujo.net> wrote:
> 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.

Jesus, do you actually *believe* this? Go away and read about the defaults
by the Argentinian and Russian governments and the hyperinflation in
Weimar Germany and Zimbabwe.


-- 
Today is Prickle-Prickle, the 54th day of Chaos in the YOLD 3180
"Mistake Not My Current State Of Joshing Gentle Peevishness For The
Awesome And Terrible Majesty Of The Towering Seas Of Ire That Are
Themselves The Milquetoast Shallows Fringing My Vast Oceans Of Wrath"

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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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