It cant be good collateral. Because it might be recovered by a social team. and also the price of the domain might be not accurate it can be manipulated.

I like your answer. It's funny how Chodpabas answer is very similar to yours, yet yours doesn't get disputet at all, while the thread unwinds to discuss Chodpabas answer at length.

It's because, well, who would dispute the value of gold? It's had value for thousands of years, yet is suffers some of the same "problems" bitcoin "suffers" from.

I've been pointing out that bitcoin is more like gold than like a currency (or, god beware, bank notes) since I first got in touch with bitcoin in early 2011. That sentiment doesn't resonate much for some reason and people just go on to discuss money, investement, economics,... probably a good thing.

Yes I did contact all the exchanges and I did forewarn everyone. Lolcust welcomed the attack on the original Geist Geld. It helped him plug a huge hole before his chain was out too far in the wild. I also made it very clear publicly that I had mined over 20,000 blocks in 73 minutes so everyone would know.

After ArtForz developed a "cure" for my enhanced version of The Time Travel Exploit he developed, I thoroughly tested GG and it passed 100%. The fix was offered to Ixcoin, I0coin and even Solidcoin as they have the same issues. I am waiting on Ixcoin and i0coin to notify me and I will stress test the exploit.

Bitcoin was never in any danger as the devs were smart enough to not switch to a time adjustment in the diff algo. NMC also did not suffer from time adjustment issues but exploits unique to NMC were made wide open by an enhanced version. I'm not sure how they will fix that and quite frankly Bitcoin Dev Team is insane if they allow merged mining to proceed.

I never attacked any live networks, other than GG1 who wanted it and I never stole a single coin from any chain not to mention major holes plugged on three chains.

Panick, sell your bitcoins and all your mining hardware now, before there worth pennies.

Personal Responsibility and Work Opportunity Act



Mister kettle, perhaps you should quit screaming that the pot is black. and might want to do a little research yourself before opening your mouth.. er fingers.


as for what happened, you can look that up as well


I swear I love it when people get all high and mighty and accuse others of being ignorant and not looking shit up, while they spew ignorance.

Bitcoin miners are quite wealthy.  Show me a poor person who can spend thousands of dollars on computer hardware to mine bitcoins.  *crickets*

If anyone is living pay cheque to pay cheque while mining bitcoins, they really need to have a serious look at their finances.

The average bitcoin miner is living hand to mouth?  Really?  REALLY?

Fact is, most everyone educated enough to analyze bitcoins and enough disposable income join the community is not hurting for cash.   A few tens, hundreds, thousands or even tens of thousands of dollars plus or minus a month is likely undetectable noise to most bitcoin enthusiasts.

We're far more likely driven by ego, entertainment value, etc etc than a $40 power bill.  Which for me, at least, does not come on the 1st of the month.