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Diegetics • View topic - Bitcoin

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Bitcoin

Predictions on things that you think will be invented by someone with more technical knowledge than you, or more impetus than you, or perhaps that one day you will invent. This is the place for speculation about the future.

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Bitcoin

Postby Tinker » Mon May 16, 2011 9:35 pm

Bitcoin is a peer-to-peer currency. Peer-to-peer means that no central authority issues new money or tracks transactions. These tasks are managed collectively by the network.

http://www.bitcoin.org/
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Re: Bitcoin

Postby Azrael » Sat May 28, 2011 6:53 pm

It sounds like it would be great for black market transactions and money laundering. It could become very popular.
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Re: Bitcoin

Postby Hapax Legomenon » Sun May 29, 2011 2:27 am

I read that the government(s) are coming after bitcoin. Don't know if it is true.
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Re: Bitcoin

Postby CgDs » Sat Jun 04, 2011 3:17 am

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Re: Bitcoin

Postby CgDs » Fri Jun 10, 2011 2:47 am

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Re: Bitcoin

Postby crashtech » Fri Jun 10, 2011 3:07 am

Transactions that can't be traced, can't be taxed.
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Re: Bitcoin

Postby amos » Fri Jun 10, 2011 3:09 am

"Once: enough."
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Re: Bitcoin

Postby noddy » Fri Jun 10, 2011 3:28 am

ruthlessly enforced tax isnt particularly modern - the domesday book set the standard and its been pretty much the same ever since then.

besides, everyone that uses bitcoin is deliberately sabotaging the healthcare scheme and killing innocent poor people.
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Re: Bitcoin

Postby crashtech » Fri Jun 10, 2011 4:09 am

I'll admit that I have no idea how Bitcoin is supposed to work. Even fiat currencies are backed by faith, hard to see how one could have faith in a server in some refrigerated basement.
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Re: Bitcoin

Postby Tinker » Fri Jun 10, 2011 3:24 pm

The canary didn't die because this mine is dangerous, it died because it's lazy and wasn't raised with a proper work ethic.
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Re: Bitcoin

Postby Tinker » Mon Jun 20, 2011 7:44 pm

The end of bitcoin?

http://blogs.forbes.com/timworstall/201 ... coin-then/
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Re: Bitcoin

Postby Tinker » Thu Jun 23, 2011 4:53 am

Realtime view of Bitcoin crash.
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