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32 Atlanta - New York Giants 26
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The only problem is: bit is too small value, so you end using thousand to milion of bits to value common things. I know some countries are used to these crazy numbers, but only because of their fiat hyperinflation  |
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PoW means fair distribution. In PoS only, you basically have to buy coins someone premined or created with his premined coins. What a joke! Yet some support this idea  |
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Signature Campaign $130 deposited very quickly.
Thank you
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Joined Signature Campaign, submitted all the info from your contact form
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Im interested testing out the VPN thing.
Thank you in advance
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Fortunatelly Bitcoin is not PoS, I cant imagine having all my coins in hot wallet just to mine. And if the mining could be only for those not caring about safety of their coins I would feel Im ripped off because I do not want take risk with my coins.
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Paris St-G v Barcelona
3:2
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And this little piggy went hashing!
Entry #81
Customer #8776
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Resource wise, it isn't. Those old batch systems are orders of magnitudes more efficient on a per transaction basis than bitcoin is. A lot of this has to do with the rewards system of bitcoin, which encourages miners to keep adding on more hashing power even when there is already astronomically more than is needed to run the network.
When VISA for example gets enough processors to run its network it stops adding them because there is no reason to keep piling them on, bitcoin miners on the other hand keep right on adding because they want higher returns. Bitcoin's reward system incentivises mining inefficiency. The network could be run on a few old desktops at its current transaction volume, but instead it's being run on untold amounts of ASICS with huge processor farms chewing up money and energy to keep going.
Big fail thinking. You can doublespend some altcoins very easily. Now try this with Bitcoin... The more hashpower, the more secure your just confired transaction is. |
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It is always risky to have just Bitcoin IOU, and even too big to fail argument is off, Mt.Gox showed how much your Bitcoin IOU can become worthless in very short time.
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not get profits, even lose money Yes, definitively starts time when you need to think if you can be effective with ASIC, I mean still profitable after electricity costs ? Obviously for the few who using eletricity to heat up room in winter, it mean their ASIC, even 1st gen can do the job instead. |
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With Dogecoin limitless supply the chance is smaller and smaller every day |
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The chances are slim to guess exact score, but let me try:
81 Indiana - Phoenix 72
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And this little piggy went hashing!
Customer: #8776
Entry: #81
From RL:
The probability of someone watching you is proportional to the stupidity of your action.
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LOL I just bookmarked this , bluemeanie1 will look like the biggest fool once I bump this thread in a few months from now after Litecoin is on Coinbase and the rewards halved.
If Coinbase starts processing Litecoin, that would be a huge bump for Litecoin I find the Coinbase thing rather funny, I remember half year ago LTCoiners were promised to get LTC skyrocket after LTC is added to MtGox  But you can buy LTC directly at btc-e for anybody interested... |
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When it happens, .org will be no longer used. The future is in decentralized NameCoin  |
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