• Bitcoin is blowing up right now! Al gore just promoted it.

Cute how some folks don't seem to be able to investigate for themselves to come to an informed opinion, but rather need reassurance from an authority figure before standing behind something.

• wasn't it 50ish a couple months ago wtf.

just a couple of months ago wtf is this crazy shit

geplatzt? weil der kurs mal ein paar stündchen stabil bleibt?

ftfme 

Competition will drive mining to be run in appliances that emit heat anyway, i.e. in central heaters, hot-water systems etc...

That together with a merge-mined distributed global admin-less key-value store owned by "no one" potentially corruptible and that can be used for a variety of purposes, and no one can say that this mining thing does useless work. 

joa schwer was zu finden, und bei den populären sozialen aushorchnetzwerken bin ich auch nich

ftfy

Will ja nicht die allgemeine Stimmung kaputt machen, aber gibt es auch nur ein einziges Beispiel aus der Geschichte, wo eine dezentrale Kryptowährung die Welt erobert hat?

wie populär ist denn diese serie in deutschland?

gibt's irgendwo auch lustige reviews der folge?

if that is true, we will maybe experience a major depression and crisis.

who invests in stocks if people at large prefer to keep bitcoins under their mattresses?

all that may prevent this from happening is if Bitcoin is considered a risky asset itself.

http://www.wired.com/gadgetlab/2012/12/wired-tired-expired/


Klassiker! 

classic! 

ich nich 

die sponsoren dieser veranstaltung



nix fasteh? 

then you know what to do when you wake up.

(assuming the laws of math and 1 + 1 = 2 don't change one layer of reality above ours)

I mean don't try to persuade anybody first 

guess 'cause some things out there would be even moar expired.

EU-was? 

achso, dann hat er das automatisch inzwischen löl... es gibt aber oft auch spontanen manuellen content bei aktuellen anlässen

wär mal interessant, was der Dirk Müller zu Bitcoin sagen würde

I think this is a good comparison, better than going great lengths comparing it with gold and mining etc...

I still see people trying to derive the value from the proof of work, that they're expensive to create, etc...

But proof of work is obviously merely an implementation detail, rather than the cause of what gives them value. If bitcoins could be distributed in another way (more or less gradually and evenly over time), they were just as valuable. Scarcity and usefulness is all that's required, as we all here (should) know.

So even for gold bugs it will be more intuitive to understand that good domain names are "backed by nothing", are just characters (and numbers), are merely digital sorcery, but they're limited and useful, hence they have value.

The Bitcoin system is just like that -- it's a global borderless value transfer system which uses units that are limited in number by design. They're just more fungible (being random-looking numbers and characters) than domain names. And everyone can have "shares" in this system just by holding some of these units.

So I hope this is an explanation that would once and for all satisfy the question of "what gives 'em damn bitcoins value" for everyone.

(Also there's no central authority like ICANN in Bitcoin of course.)