Bitcoin Forum

Economy => Economics => Topic started by: rpietila on October 29, 2013, 11:08:37 AM



Title: rpietila public diary ** Episode II
Post by: rpietila on October 29, 2013, 11:08:37 AM
Happened previously
- Satoshi started to run Bitcoin software 3.1.2009. In the initial months it was possible to generate bitcoins with CPU at an electricity cost of approx. $0.000,001/mBTC. Currently the easiest way to acquire them is to buy them at about $0.20/mBTC. The price of the currency unit has thus risen 200,000 times in less than 5 years. What is this phenomenon called Bitcoin?

Happened in previous episode (https://bitcointalk.org/index.php?topic=174620.120) 12.4.2013-18.6.2013
- rpietila explaining how he makes money with bitcoin
- Deduces bitcoin's long term target price of $300/mBTC (https://bitcointalk.org/index.php?topic=174620.msg1886147#msg1886147)
- Talking about Real Bills Doctrine
- Sent BTC13.37 to nkspace, an unknown forum troll
- Organized an international Bitcoin Summit in Finnish country hotel
- Developed concepts of Bitcoin Supernode System and Bitcoin Dealer Network Association (https://bitcointalk.org/index.php?topic=233611.msg2465657#msg2465657)
- Closed down due to declining health in anticipation of $1.400/mBTC

Happened after previous episode
- Calculation of the distribution of bitcoins (https://bitcointalk.org/index.php?topic=316297.0) between owners of different size

Happened in this thread
- Nothing so far


Title: Re: rpietila public diary ** Episode II
Post by: vokain on October 29, 2013, 11:19:19 AM
What is Bitcoin? A story for the ages...
thank you for your work Mr. Pietila, it has influenced my perception of the world greatly and I'm honored to have you here with us.


Title: Re: rpietila public diary ** Episode II
Post by: surebet on October 29, 2013, 11:21:35 AM
Getting on the ground floor of further insanity.