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Sorry, but you're completely wrong.
Also, Moore's law will not continue forever. We can't break the laws of physics. We've done great for 40 years or so. But there is a limit....
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Wait till quantum computers become mainsteam.
Every known algorithm could be broken, who knows.
With the speed that processing power is increasing these days, it's not insane to say that SHA-256 might be broken in a few years.
You do know encryption algorithms can be upgraded....right? Besides... SHA-256 can't be brute forced in your lifetime if the entire universe's matter were used to build a perfect supercomputer. It would have to be some kind of bug in SHA-256. |
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Ready to secure a 1b market cap? Its doing OK so far. By 10b we will have "account creation" FPGAs and maybe ASICs hunting for key collisions. Knowing there are 1b USD + accounts it might be nearly as enticing to brute force for keys as it is to SOLOmine for the network.
It " might not be". It is mind-numbingly "impossible" to get a key collision. Using an ASIC for this? You might as well use a Nvidia GTX 440, the relative odds are not much worse, and its a heck of a lot cheaper. You are not understanding the scale of difficult that is at play here. Its like you buying 100 lottery tickets instead of just 1, and banking on winning the big one . . . . . with the odds of winning at 1 in a million million quadrillion. |
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I need this in the next day or two. Amount is $50.
It needs to be a card that I can claim online rather than have it shipped to me. I think google play cards have a redeemable code on them.
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Vested interest.
Agreed. The same is somewhat true for bitcoin, but of course if we decided not to assign monetary value to our assets, bitcoin (and all money) would be quite unnecessary. The fact that we do assign arbitrary value to things is part of what makes money (and especially bitcoin) work. So its tiresome to see people whinging about individuals with 50,000 btc, as if that's proof that bitcoin is a failure. On the contrary, large holders is a sign that bitcoin is healthy and does work as intended. As extremes are not good, I, no less than any froth-at-mouth litecoin advocate, don't like to see excessive concentrated wealth. But its not the end of the world. |
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Envision a 3-D printed plastic coin that has the privkey printed inside it. The only way to get at it is to break the coin open.
It is techically feasible to design an open source 3D printer software that could be married to a custom bitcoin client. That way the privkey could be encrypted end-to-end, and the only way to know the privkey is to break open the printed coin.
The trick is to prove that the privkey actually has value / has not been copied. That's all in the software magic. |
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Envision a 3-D printed plastic coin that has the privkey printed inside it. The only way to get at it is to break the coin open.
It is techically feasible to design an open source 3D printer software that could be married to a custom bitcoin client. That way the privkey could be encrypted end-to-end, and the only way to know the privkey is to break open the printed coin.
The privkey would be printed on a vertical plane sandwiched closely between two other vertical planes. This way the privkey cannot be observed during the printing process.
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Dear OP:
I think in the future, wheels will be made square, even though it is obvious that round wheels are best.
Also, you refute yuour own premise:
2) The base money supply can be easily inflated with off block systems, IOUs and CFDs for example, but there would be many more instruments to expand the money supply
Why expand the coin supply if its redundant?
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Did you buy that coins and still hold them?  Not my deal, I'm just imagining what it would be like.  |
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My business is done in cash only.
I have also reserved all 15,000 for a buyer. Unless he doesn't send the cash, consider these sold.
Thanks!
Thanks again. Stop by my island some time.  |
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Media beat the hell out of Bitcoin and left a lasting negative impression. My father says Bitcoin has no value because Ann Barnhardt said, “You don’t own anything you can’t stand in front of with an AK47 and defend.” My sister doesn’t want to know anything about Bitcoin because a twitter celebrity, Kelly Oxford, told her not to.
Bitcoin is about freedom of money. Isn't your freedom something worth defending? |
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How does a $10k bitcoin change the world any better than a $100 bitcoin?
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If your still looking I can help
This guy is now AWOL. What is the major malfunction of people? He's the fourth guy to disappear after agreeing to deal.  If anyone knows this fool personally, better warn them that the deal's off, in case they had an emergency or something. Starting now, I am no longer accepting offers unless your account is at least 6 months old with 500+ posts. |
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Keep holding your precious bitcoins, and whatver you do not spend them, dont tell anyone you own them... Fuckin idiots some of you are if you think bitcoin will win in the face a mega titans like aapl without competing with marketing.
Holy shit
That's the worse news for Bitcoin this year so far
Welcome to my ignore list. Muppet. Muppets. |
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20 samples shippped to Canada, order total $21. Shipping is a mere $114.  |
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You are asking the wrong question.
WHY are they selling?
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The goal is that, 1 satoshi needs to find its value that more or less represents 1 dollar. IE 1 BTC = 100,000,000$
in the beginning sweat equity is more or less slave labor, aside from fiat expenses agreed to be covered until farm becomes productive. I can then charge 5 satoshis for 1 pound of meat.
or 1 satoshi for a bundle of carrots.
I can hire labor for 1 satoshi an hour, as long as laborer harvests more than 40 satoshi's worth or produce/hour, I can employ him, be profitable, laborer can then send wages home as the wage itself was earned because productivity of the farm because of the bitcoin investment.
There's no need to reinvent the wheel. Bitcoin are bought and sold at rational market rates, right now. |
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