I am aware of bitcoin since a couple years ago before the asics come into play but i didn't buy any bitcoins then ... and I didn't own a decent gpu to consider mining
, after Bitcoin however hit the news this month I finally decided to get some, or rather half
a bitcoin
However I had reservations and still have about whether bitcoin will survive as a currency and if it
- will bitcoin users be forced to pay the price of first adopters as for example US was locked in inefficient 120V.
- will bitcoin survive a hard fork if a change from sha is disputed between ASIC investors and people getting freaked out when ie Snowden reaveals an NSA backdoor
- Living in Greece I have witnessed the horror of a single currency, are we sure do we want to bind the world this way?
- A solution would be to create subcoins anchored to bitcoin blockchain for security and maybe a common wallet acting as Gold Reserve for the subcoin, people could merge mine bitcoins to increase the value of the subcoin as per bitcoin as well as maintain the subcoin transactions
- Bitcoin is in my mind pure capitalism as Marx would have it capital=Hashpower=Bitcoins, and in the end it will work just like NXT works now: those with the Hash Power will own the most Bitcoins and act as gatekeepers and monopolize the transaction market... In the end there can be only one, one rig to rule them all and in the darkness bind them
- Capitalism has been enforced on the people, but bitcoin is so far voluntary I wonder if the masses eventually turn their backs on rich get richer systems. NXT will be an interesting coin to watch and learn. Funny thing is one would expect China to come up with PRV (Peoples Republic of Virtual coin)
with rewards proportionaly inverted to the stakes - *The real Bitcoin Rally* IMHO will begin when the first power company accepts bitcoins
comments welcomed
