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4141  Other / Beginners & Help / Re: Contemplate this: Gold & Silver vs Bitcoin & Litecoin on: December 09, 2013, 11:56:05 PM
Well put,  it gives me goose bumps just thinking about mass adoption taking place right before our very eyes.  It's always nice to see gold and silver bugs accept Bitcoins.  Thanks for info.  Smiley

Worst case scenario for gold/silverbugs that are into v.currencies to sell the virtual currencies and stack more gold and silver Cheesy

Currency   Commodity.
Two different things.

Indeed, but Gold & Silver have been currency for millenia - except for the last few decades that is.

Quote
Also , Silver has some use in which it can't be replaced  by Gold, so cut the last part of the title.

The same works the other way around too.
4142  Other / Beginners & Help / Re: BitCoin almost worth more than Gold on: November 28, 2013, 07:49:32 PM
Yeah. But I think in some time the BitCoin should stop growing and start to fall down ( which is not likely to happen ) or will take constant price. In any case in reality gold worth more because it has material worth but BitCoins are good alternative.

There is also the scarcity factor.... Gold = billions of ounces. Bitcoin = 20 million coins and that's it.
4143  Other / Beginners & Help / Contemplate this: Gold & Silver vs Bitcoin & Litecoin on: November 28, 2013, 04:31:26 PM
Initially I was skeptical on how a virtual currency can compete with traditional commodities like Gold and Silver. But I came to realize the following:

Existing Above Ground Gold Quantity: 170kt or 5.5bn ounces increasing by ~90mn ounces per year.
Existing Above Ground Silver Quantity: ~900kt or 29bn ounces increasing by 700mn ounces per year.

Contrast this with finite numbers of 20 or 80 million coins and you start to realize why those who have lots of money want to get the largest possible piece of the pie in something that is "so limited" in quantity, driving the prices up - and probably way more than gold. It's a "long-run" issue, in which the scarcity of Bitcoins or Litecoins will make them more "valuable". Who knows, we may witness market caps in the trillions for the virtual currencies, whatever that means for their value per unit.





4144  Other / Beginners & Help / Need help from a C programmer to optimize cpuminer on: November 28, 2013, 02:38:12 PM
Hi, I need help from a C programmer to try and optimize Pooler's cpuminer through the compiler, as my C knowledge fails me.

At the moment there is an embedded ASM optimization that is activated by IFs in the program. While these ASM optimizations provide a decent increase in speed, I need to shut these down so that I can compile this through various C compilers that can -perhaps- go faster still, hopefully without breaking the program. So what I want is step-by-step instructions on how to shut these ASM optimizations down. The target is an intel x64 (core2).




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