Path: csiph.com!v102.xanadu-bbs.net!xanadu-bbs.net!feeder.erje.net!eu.feeder.erje.net!fu-berlin.de!uni-berlin.de!individual.net!not-for-mail From: Huge Newsgroups: comp.misc Subject: Re: Using supercomputers for crypto-coin mining Date: 23 Feb 2014 09:33:55 GMT Organization: Piglet's Pickles & Preserves Lines: 24 Message-ID: References: <87vbw6j51i.fsf@elektro.pacujo.net> <87vbw6eqtx.fsf@elektro.pacujo.net> Reply-To: usenet@huge.org.uk X-Trace: individual.net FroKgXRfa0rC6CBsvnT8ewR8ck5DzR0fZWhJ5uQ0tJASonfMq4 Cancel-Lock: sha1:t5CaPSVw+nokpw0VOa3WXOVZDAg= X-No-Archive: Yes User-Agent: slrn/pre1.0.0-16 (Linux) Xref: csiph.com comp.misc:761 On 2014-02-22, Marko Rauhamaa wrote: > Marek Novotny : > >> On Sat, 22 Feb 2014 21:55:37 +0200, Marko Rauhamaa wrote: >>> 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. >> >> The zinc in the penny is worth less than a penny. The paper used to >> print your $1 note has the same value as one with many zeros behind >> it. Gold, Silver, diamonds, crude oil, sugar, cattle, wood, etc all >> have tangible value. A fiat currency has value as long as someone >> "thinks" it does. > > I just told you the "fiat" currency is much more well-founded than you > think. No, you asserted it without proof. -- 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"