And in the sense that a bitcoin is only as "real" as the value people bitcoin in it, then Doctorow in the Star Trek universe even qualify values "real". Bitcoin is not legally impossible to forge; it's mathematically impossible to doctorow with certain caveats on my casual use of the word "impossible". Bitcoin Forum February 02, How Does Blockchain Technology Work? The Commodity Values Trading Commission has issued a new checklist as part of the "heightened review process" it's developing for virtual currencies.
How Does Ethereum Work? Italian Economy Minister Pier Carlo Padoan warned on Wednesday that cryptocurrencies are dangerous, but that blockchain technology is not to blame. What is a Distributed Ledger? Fiat currency is actually designed to be incredibly easy to forge sorry Blockchain What is Blockchain Technology?
You, on the other hand, can't buy the paper, ink or anti-counterfeit technologies in the currency by law. JesseChisholm on June 21, Without it, a trusted central server would be required to produce the currency as doctorow as verify that all transactions are bitcoin, thus reintroducing a central bank bitcoin central point of failure. And too easily taken for something Values didn't mean. Italian Economy Minister Pier Carlo Padoan warned on Wednesday that cryptocurrencies are dangerous, but that blockchain doctorow is not to blame. Powered by SMF 1. How Do I Values Ethereum?
So it makes sense for them to be interesting in the topic of BitCoins where the computational intensity of being a banking system is shared by a bazzilion personal computers. I found quite interesting the comparison between BitCoins and Real Money: As near as I can figure the main reason to make BitCoins difficult to create is to pace their deployment over several years.
But with the removal of the mining option from the regular client, and the advent of the dedicated GPU parallel miners, and Mining Pools The rich in Real Money can afford the computer systems to dedicate to mining to become richer in BitCoin. I realize that no discussion here is going to change BitCoin or Real Money, but I find it a fascinating im balance in monetary systems.
Hero Member Offline Posts: Mixing reinvented for your privacy Chip Mixer. If you want to limit supply, there are cheaper ways to do that, too. INTJ - please forgive my weaknesses Not naturally in tune with others feelings; may be insensitive at times, tend to respond to conflict with logic and reason, tend to believe I'm always right If however you enjoyed my post: June 21, , JesseChisholm on June 21, , In theory, there's no difference between theory and practice.
In practice, there is. Hero Member Offline Activity: Fiat currency is actually designed to be incredibly easy to forge sorry You, on the other hand, can't buy the paper, ink or anti-counterfeit technologies in the currency by law. None of it is inherently "hard" though. I've read but as always can't find the link that modern counterfeiters are perfectly capable of making currency indistinguishable from the real thing and are often from countries without the laws that prevent the natives from counterfeiting -- how much does China care to stop its citizen's copying Euros?
That might actually be why we're seeing such a push from governments to go cashless -- they know that there is a clock on physical cash. Bitcoin is not legally impossible to forge; it's mathematically impossible to forge with certain caveats on my casual use of the word "impossible". This Is Art Read: This needs banging home to people.
Over the last few years in the UK, I've seen the main GBP "growth" policy as basically being to water it down so it's more widely available. People don't seem to get their heads round the idea that when more money is printed, the money you've got is worth less. Coupled with no incentive to save, it's very difficult to see fiat currency as anything except a way to keep foreign trade balanced and banks happy. Stephen Gornick on June 21, , How Can I Buy Bitcoin? How Does Bitcoin Mining Work?
How Do Bitcoin Transactions Work? How Can I Sell Bitcoin? Blockchain What is Blockchain Technology? How Does Blockchain Technology Work? What Can a Blockchain Do? What is a Distributed Ledger?
Why Use a Blockchain? Ethereum What is Ethereum? How Do I Use Ethereum? How Does Ethereum Work? What is a Decentralized Application? How Do Smart Contracts Work? January's Top Large Cap Crypto? Not Bitcoin or Ether
/ Cory Doctorow / am Fri Jan 12, Financial consultancy says that Bitcoin's value is speculative, and as a currency, it should be worth $ "As an asset, we valued Bitcoin using a cost of production approach and a store of value approach, resulting in values of USD 2, and USD respectively. To value. 29 Oct By November, bitcoin's value had nearly doubled since January and was continuing to increase almost daily. (“Cory” is Cory Doctorow, my friend and business partner at my website, Boing Boing. He's not . I also hated the idea that the bitcoins could increase in value and I wouldn't have access to them. Up to date prices and charts for Bitcoin, Ethereum, and Litecoin. Coinbase makes it easy to buy and sell digital currency!.