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| From | Dave Garland <dave.garland@wizinfo.com> |
|---|---|
| Newsgroups | comp.misc |
| Subject | Re: Using supercomputers for crypto-coin mining |
| Date | 2014-02-23 16:46 -0600 |
| Organization | A noiseless patient Spider |
| Message-ID | <ledtom$hll$1@dont-email.me> (permalink) |
| References | (1 earlier) <lea41o$srj$1@solani.org> <slrnlghofu.1l3f.g.kreme@oswin.local> <I4OdnROw3cpTcJXOnZ2dnUVZ_vOdnZ2d@supernews.com> <87vbw6j51i.fsf@elektro.pacujo.net> <bmttiqFtu77U4@mid.individual.net> |
On 2/23/2014 3:33 AM, Huge wrote:
> 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.
So you're saying you consider those to be examples of "well managed"
currencies?
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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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