|
Title: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: julz on July 11, 2012, 10:57:56 PM Article discusses Bitcoin,Ven,Flattr..
Quote Digital currency: does virtual cash have real risks? Digital currency is shaking up transactions on the internet but for many, it remains mysterious. Matt Packer explains how it works Matt Packer 2012-07-11 http://www.aatcomment.org.uk/aat-developing-your-business/technology/digital-currency ... Bitcoin holdings are pictured on users desktop clients in the form of blocks in a chain, with the largest holdings rising to the top. It is this image and accompanying notion of an inverted pyramid that has led critics to label Bitcoin as a Ponzi scheme. ... (Matt Packer is Online Editor at Think Publishing.) About AAT Comment: Quote ... offering you news and opinion on the world of business and finance from the Association of Accounting Technicians (AAT). AAT is the UKs leading qualification and membership body for accounting staff. We award around 90% of all vocational qualifications in accounting, and are sponsored by the chartered accounting bodies CIPFA, ICAEW, CIMA and ICAS. We are based in London, UK. AAT has more than 120,000 members in more than 90 countries worldwide and includes students, people working in accountancy and self-employed business owners. Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: Foxpup on July 12, 2012, 08:06:18 AM Quote Those 21m coins are the playground for Bitcoin traders, who build up their savings by mining the currency from other users via networks of micro trades. Bitcoin holdings are pictured on users desktop clients in the form of blocks in a chain, with the largest holdings rising to the top. It is this image and accompanying notion of an inverted pyramid that has led critics to label Bitcoin as a Ponzi scheme. ... Digital currencies are underwritten by private companies rather than governments, so critics argue that one set of problems has been pretty much exchanged for another. Aside from administrative matters, though, the biggest concern is that digital currencies are as vulnerable to cyberattacks as any other electronic infrastructure. Bitcoin, for example, has endured several hacks... http://i1015.photobucket.com/albums/af276/Slevac/facepaw.jpg Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: organofcorti on July 12, 2012, 08:37:06 AM Quote Those 21m coins are the playground for Bitcoin traders, who build up their savings by mining the currency from other users via networks of micro trades. Bitcoin holdings are pictured on users desktop clients in the form of blocks in a chain, with the largest holdings rising to the top. It is this image and accompanying notion of an inverted pyramid that has led critics to label Bitcoin as a Ponzi scheme. ... Digital currencies are underwritten by private companies rather than governments, so critics argue that one set of problems has been pretty much exchanged for another. Aside from administrative matters, though, the biggest concern is that digital currencies are as vulnerable to cyberattacks as any other electronic infrastructure. Bitcoin, for example, has endured several hacks... http://i1015.photobucket.com/albums/af276/Slevac/facepaw.jpg https://i.imgur.com/67JSc.png (http://imgur.com/67JSc) Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: Realpra on July 12, 2012, 12:19:46 PM "Mined from other users" ... I suppose you COULD try to bruteforce keys instead of hashes...
Seriously don't be a journalist if you can't grasp a wiki article for your "research". Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: John (John K.) on July 12, 2012, 02:01:26 PM Oh please. *insert facepalm pic here*
Seriously, he should do some research on what he's writing. "Mined from other users" LOL Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: organofcorti on July 12, 2012, 02:10:21 PM Oh please. *insert facepalm pic here* Seriously, he should do some research on what he's writing. "Mined from other users" LOL Here, use one of mine: https://i.imgur.com/Ldrjo.png (http://imgur.com/Ldrjo) Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: John (John K.) on July 12, 2012, 02:13:57 PM Oh please. *insert facepalm pic here* Seriously, he should do some research on what he's writing. "Mined from other users" LOL Here, use one of mine: https://i.imgur.com/Ldrjo.png (http://imgur.com/Ldrjo) I got one now. :P http://superwidget.files.wordpress.com/2012/04/jesus_facepalm.jpg Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: organofcorti on July 12, 2012, 03:30:49 PM Oh please. *insert facepalm pic here* Seriously, he should do some research on what he's writing. "Mined from other users" LOL Here, use one of mine: https://i.imgur.com/Ldrjo.png (http://imgur.com/Ldrjo) I got one now. :P http://superwidget.files.wordpress.com/2012/04/jesus_facepalm.jpg Oh, epic! We should swap religious facepalm pics some day. Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: Spekulatius on July 12, 2012, 04:34:17 PM Oh please. *insert facepalm pic here* Seriously, he should do some research on what he's writing. "Mined from other users" LOL Here, use one of mine: https://i.imgur.com/Ldrjo.png (http://imgur.com/Ldrjo) I got one now. :P http://superwidget.files.wordpress.com/2012/04/jesus_facepalm.jpg Oh, epic! We should swap religious facepalm pics some day. http://image.spreadshirt.com/image-server/v1/designs/10625895,height%3D150,width%3D150,facepalm-buddha-buw.png Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: LightRider on July 12, 2012, 08:53:12 PM Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: sadpandatech on July 12, 2012, 09:01:46 PM For those times when a single /facepalm just doesn't cut it;
http://cdn.lulztruck.com/wp-content/uploads/2012/03/Whenafacepalmisntenough.jpg http://d24w6bsrhbeh9d.cloudfront.net/photo/2325754_700b.jpg http://snarkyrider.files.wordpress.com/2012/03/extreme-facepalm.jpg ............................................______ __........................ ....................................,.-...................``~.,.................. .............................,.-...................................-.,............ .........................,/...............................................:, ........ .....................,?........................... ...........................\,..... .................../.................................................. .........,}.... ................./.................................................. ....,:`^..}.... .............../.................................................. .,:........./..... ..............?.....__............................ .............:`.........../..... ............./__.(.....~-,_..............................,:`........../........ .........../(_....~,_........~,_....................,:`..... ..._/........... ..........{.._$;_......=,_.......-,_.......,.-~-,},.~;/....}........... ...........((.....*~_.......=-._......;,,./`..../............../............ ...,,,___.\`~,......~.,....................`..... }............../............. ............(....`=-,,.......`........................(......;_,,-............... ............/.`~,......`-...............................\....../\................... .............\`~.*-,.....................................|,./.....\,__........... ,,_..........}.>-._\...................................|........... ...`=~-,.... .....`=~-,_\_......`\,.................................\... ..................... ...................`=~-,,.\,...............................\............. .......... ................................`:,,.............. .............`\..............__.. .....................................`=-,...................,%`>--==``....... ........................................_\........ ..._,-%.......`\............... ...................................,<`.._|_,-&``................`\.............. Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: rjk on July 12, 2012, 09:02:52 PM Fail, godaddy parking page
Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: sadpandatech on July 12, 2012, 09:06:31 PM Fail, godaddy parking page here ya gohttp://i206.photobucket.com/albums/bb248/DanDierdorf/naked-gun-facepalm.gif Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: rjk on July 12, 2012, 09:20:03 PM hahahaha, all the extras and everyone facepalm with one eye open so they can see what's going on. ;D
Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: kiba on July 12, 2012, 09:22:52 PM All these face palm are really uninformative.
Title: Re: 2012-07-11 aatcomment.org.uk - Digital currency: does virtual cash have real ... Post by: sadpandatech on July 12, 2012, 09:25:18 PM All these face palm are really uninformative. well, it just did not seem prudent to explain all the fallacies in the wirter's article because the writer is not likely to ever read this. |
