Yeah, like completely abandoning everything we know about cryptology. Lol.

Don't buy buy buy. That's bad advice. And bytecoin is destined to fail. I can elaborate, if needed.

Actually, that's a verifiably false statement. =)

You're absolutely correct.

I was simply using a 64 bit password hash to illustrate that a 128 bit brute force isn't exactly a walk in the park. You would have to *really* want to get in there, and have lots of time to do it.

Been wondering about that myself.

Litecoin is almost guaranteed to fail in the long run, in my opinion, though.

Good lord, that's depressing.

Here is the answer:

http://lmgtfy.com/?q=bitcoin+mining+calculator

Then figure out how much power it uses.

You will almost certainly lose money mining with a home PC.

I've seen this scam over and over.

Anyone who falls for this deserves to lose their money.

I mean, c'mon, people. It doesn't make any sense. Why would you fall for this?

No, because the way the algorithm works, they don't find bitcoins any faster. They just have a larger chance of being the one actually finding the bitcoins.

I'm hugely curious about the huge mass of BTC that was mined in 2009, by a select few people.

Obviously if someone tried to unload a million at one time, the wouldn't be able to, and it would ruin the market.

Who are these people? What will they do with so many bitcoins?

Been lurking in Freenode's #bitcoin, and it's lackluster, and super crowded. Mostly day-traders and speculators. Not my crowd. Anyone had better luck somewhere else?

Honestly, using normal hardware available non-commercially, it would take you approximately a year to bruteforce a 10 didget alpha-numeric dual-case pass phrase's hash, and that's if you actually have the hash, and it's not salted.. I think we'll be fine for a while. =)

Howdy.

Been lurking for a *long* time.

I have some BTC, and I want some more BTC.

This looks like a great place to learn more and talk about it. =D