Bitcoin Forum
May 08, 2024, 06:58:57 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: « 1 [2]  All
  Print  
Author Topic: What you going to do when your a bitcoins millionaire ?  (Read 3496 times)
BitCointransfers
Member
**
Offline Offline

Activity: 104
Merit: 10


View Profile
May 28, 2011, 02:59:26 AM
 #21

Millionaire bitcoiners, at least ones that mined their owned coins, will be limited to the few very early adopters and the masters of VHDL FPGA/ASIC design....
Make sure you back up your wallet regularly! Unlike a bank account, nobody can help you if you lose access to your BTC.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1715151537
Hero Member
*
Offline Offline

Posts: 1715151537

View Profile Personal Message (Offline)

Ignore
1715151537
Reply with quote  #2

1715151537
Report to moderator
1715151537
Hero Member
*
Offline Offline

Posts: 1715151537

View Profile Personal Message (Offline)

Ignore
1715151537
Reply with quote  #2

1715151537
Report to moderator
eturnerx
Member
**
Offline Offline

Activity: 84
Merit: 10


View Profile
May 28, 2011, 05:06:33 AM
 #22

I'm going to invest in a massive worldwide education campaign to teach people the difference between your and you're!  Grin
Surely your not serious. You're idea is pointless!
billyjoeallen
Legendary
*
Offline Offline

Activity: 1106
Merit: 1007


Hide your women


View Profile WWW
May 28, 2011, 05:25:14 AM
 #23

Obviously I would get a James Bond supervillain lair and I'd pay back that 0.02 BTC to the faucet.

insert coin here:
Dash XfXZL8WL18zzNhaAqWqEziX2bUvyJbrC8s



1Ctd7Na8qE7btyueEshAJF5C7ZqFWH11Wc
jerfelix
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250


View Profile
May 28, 2011, 06:00:20 AM
 #24

The bitcoin protocol makes an assumption: That the value of a Bitcoin is inherently limited by the cost of electricity used to generate it. What if you found a very large, largely untapped source of electricity? What if you installed a supercomputing cluster near your shiny new Gigawatt solar plant?

I disagree, and it has been discussed and rehashed many times.

The assumption that you are posing is backwards.  It's not the cost of electricity that determines the value of Bitcoin, it's the value of Bitcoin vs. the cost of electricity that determines whether people will find it economically beneficial to run the verification program (i.e. Mining).

As people find new sources of energy, and lower cost computational capabilities, it becomes more economically beneficial to perform mining.  So more people will mine until it's not really all that beneficial due to competition.  And more miners (i.e. verifiers) means that the system is stronger, not weaker.

technowizard12
Newbie
*
Offline Offline

Activity: 28
Merit: 0


View Profile WWW
May 28, 2011, 06:07:36 AM
 #25

I'll invest heavily in an invention my talking dog came up with to make water flow up. He either said that or asked for more kibble. Hard to tell.
Pages: « 1 [2]  All
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!