A New Currency System for the World

[Derrick]

Hello there,

Today I wrote an article encapsulating my idea for a new currency system of the world.  One that is based on real value, open banking and technology.


After publishing it, someone pointed out to me that there is in fact already a "prototype" of my idea in existence.   And they shared the link to Bitcoin.

To my pleasant surprise, the Bitcoin project is indeed a viable new world currency system based on the same principals I proposed in the article.

So I guess I just wanted to congratulate the developers on bringing your vision of Bitcoin to life - and that I'm excited to get involved in the project however I can.

[dwdollar]

Welcome Derrick!  Watch out everyone...  He's another one of those crazy Paulites! : P

[dwdollar]

Maybe when you get up to speed, you can be a spokesmen or something.  Trying to explain this to the people on Ron Paul Forums gives me a terrible headache.

[The Madhatter]

Nice article.

Welcome to Bitcoin, Derrick.

[hugolp]

Another crazy paulite here... 

I am using this thread to introduce myself, since I have started using bitcoin because of this article link in RonPaulForums.org . I knew bitcoin from before and I though it was a interesting project it seemed too young at the moment. But after speaking with dwdollar over there, I decided to give it a try.

Bitcoin is running now in the linux server of my home (and it should be generating coins, I just dont know how long does it take to generate one). Its running on a atom 330 with 1gig RAM and not the processor nor the memory is going out of hand, but I have a problem. I connect to my server using a VNC connection. When I run bitcoin it becomes very sluggish, almost unusable. When I stop bitcoin everything goes ok again. Its running Ubuntu desktop 10.04 amd64 using ia32libs and the binary in bitcoin 0.20 tarball.

[The Madhatter]

Hello and welcome!

Bitcoin is maturing nicely. More and more shops are accepting it as payment as time goes on.

The Atom processor is quite slow. Expect to wait a few days to gain some coins. The generation difficulty has been slowly climbing lately as well so that is also working against you.

Try selling something for coins; that's the easiest way to get them and provide something useful to the Bitcoin economy.

It's ++good!

[dsg]

Welcome hugolp!

Regarding your sluggishness, you can fix that by giving bitcoin a lower priority (it won't slow down generation normally, just means if you want to use the computer for something else that'll get priority) by a command like:
renice -n 15 $(pidof bitcoin)

I'm sure there's a GUI option for it as well somewhere.

[The Madhatter]

Also make sure your cpu fans are working, your heatsink is actually on, machine is clear of dust, etc or you might overheat.

[hugolp]

Welcome hugolp!

Regarding your sluggishness, you can fix that by giving bitcoin a lower priority (it won't slow down generation normally, just means if you want to use the computer for something else that'll get priority) by a command like:
renice -n 15 $(pidof bitcoin)

I'm sure there's a GUI option for it as well somewhere.

Thanks. At the end I minimized bitcoin in the tray icon bar and the sluginesh disapeared. Now bitcoin its taking over the cpu (all the cores running at near 100%) but the machine works fine.

Also make sure your cpu fans are working, your heatsink is actually on, machine is clear of dust, etc or you might overheat.

Thanks. The computer is running my Mythtv server and my torrents 24h so it would have broke alredy if it was in bad state. Also, the Atom 330 does not have a fan. Thre is a fan in the system but it is for the chipset. Curiously enough, Intel did not have time to optimize the chipset as much as the cpu, so the cpu is fanless but the chipset is not, unlike any normal computer system. The next Atom generation is coming or was released shortly and I believe they have integrated the cpu+gpu+memory management (and maybe other stuff) in one chip and the chipset part is small, so it will probably wont require fan. I am not sure if the cpu now requires fan, but if it does not its perfect for a home server. I was previously running a VIA chipset and I dont like Intel too much, but the Atom's are the best at their thing: Low power, low cost and best performance for those characteristics. The atom 330 even runs 720p video without problems (it can not handle 1080p).

[The Madhatter]

You'll want to renice +20 bitcoin then. I wouldn't dream of sharing a bitcoin in generation mode on a box that was playing videos. Choppy videos annoy the hell outta me.

[dianamonte03]

So you think there are really new currency systems for the world? Most governments attempt to control of their currencies. When the government fixes exchange rates, there usually exists a black market. That is what I have learned in my Economics subject.

[Anonymous]

So you think there are really a new currency system for the world? Most governments attempt to control of their currencies. When the government fixes exchange rates, there usually exists a black market. That is what I have learned in my Economics subject.

They can only resist market forces for so long because Governments are restricted to a defined geographical area. Bitcoin has no boundaries or motives.

[satoshi]

When I run bitcoin it becomes very sluggish, almost unusable. When I stop bitcoin everything goes ok again. Its running Ubuntu desktop 10.04 amd64 using ia32libs and the binary in bitcoin 0.20 tarball.

0.3.1 fixes that, sets the generate threads to the lowest priority.  Download links are on the homepage now.