Be prepared for reading a statement full of fail. I'm an IT person as well as my friend here who sells servers every day. He has willingly remained ignorant about bitcoin and he made a post on facebook today to "educate his friends about bitcoin". Later in the post he comments how if he had 2 Xeon E5's, 128gb ram, and SSD's he could "Deplete the whole networks 21million coins within 60 hours".

"Wanted to educate some people real quick on a term tossed around named; BitCoin. This term was derived in 2008 when trading of Magic the Gather cards, comics and baseball cards were at a low. As many of you knwo the primary place to trade or get updates on your bit coins is:
https://mtgox.com/
If any of you remember this site was the primary site for Magic the Gathering Online Exchange. A place to trade among users; Any gamer/collector would remember this.
Using a tool called the internet time machine you can enter this site into the search:
http://web.archive.org/web/*/http://www.mtgox.com
Now the cool thing is that all the records for the Magic the Gathering have been requested for delete[Click removed files to see others].
Now the cool thing is even the last record in 2007 shows the original Magic the Gathering site  Now this site was created for online trading. They created MTGCoins.

They called the MTGO the virtual economy to reserve the game. One year later the infamous term BitCoin appeared for the MTGO community. Within three months because of viral spread through League of Legends and other platforms they dropped the gamer appeal to move to only a virtual economy.
http://en.wikipedia.org/wiki/Magic:_The_Gathering_Online

If anyone remembers the days of selling your 'rare' Diablo items on eBay this was how BitCoin was formed.
Get swept away with this viral platform; great. yet, with any internet sensation it will have its fizzle point. The only people who are benefiting are the Japanese as they actually run all trades of BitCoins.

While the company is 100% private that owners the 'Exchange and creation of BitCoins'
http://imfed.org/ratings/mt-gox-tibanne-co-ltd/
[Created in 2009? The same company owned the Magic the Gathering Site as well]

Things to consider when trying to sell or trade is that your assets can accounts can be frozen by the government. As since the Tokyo based company does not consider a BitCoin currency but a virtual economy.
http://www.marketplace.org/topics/tech/bitcoin-blow-us-government-freezes-funds-trade-digital-currency

So all I say to people who are investing time in this ultiamte ponzi scheme, remember that your computer is just an a node in the larger network of data.
Think... create a small hadoop cluster with Intel 320s, dual 2667s and 128gb of ram... you would deplete the BitCoin 21m coins in the matter of hours.
The block rate is so small and being you could crunch millions of blocks in a second, that rate would literally be over 8000 coins a minute.
http://everythinginthesky.com/post/5554559874/bitcoin-p2p-currency-the-most-dangerous-project-weve

Yet if there was true value in such a currency why would it be so easy to deplete the coins?"

Please whitelist me. I made a lengthy post in here already..

I would like out of the "Newbie" zone. I own a computer business in Tennessee and understand way more than the average person about how bitcoin works, its cryptology process, as well as its political connection to a "digital gold standard" out of the reach of the banking elite. I am building a new rig dedicated to bitcoin mining and expect to have it operational by Tuesday or Wednesday.