Bitcoin Forum
March 29, 2024, 12:28:32 AM *
News: Latest Bitcoin Core release: 26.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: 2013-02-04 Bitcoin Grows Up  (Read 1011 times)
Piper67 (OP)
Legendary
*
Offline Offline

Activity: 1106
Merit: 1001



View Profile
February 05, 2013, 01:10:43 AM
 #1

https://freedom-to-tinker.com/blog/randomwalker/bitcoin-grows-up-gets-its-own-hardware/
"The nature of Bitcoin is such that once version 0.1 was released, the core design was set in stone for the rest of its lifetime." -- Satoshi
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
1711672112
Hero Member
*
Offline Offline

Posts: 1711672112

View Profile Personal Message (Offline)

Ignore
1711672112
Reply with quote  #2

1711672112
Report to moderator
1711672112
Hero Member
*
Offline Offline

Posts: 1711672112

View Profile Personal Message (Offline)

Ignore
1711672112
Reply with quote  #2

1711672112
Report to moderator
TraderTimm
Legendary
*
Offline Offline

Activity: 2408
Merit: 1121



View Profile
February 05, 2013, 11:51:15 PM
 #2

My comment on a point that keeps coming up in bitcoin articles - how hashing isn't "useful".

Quote
I find it odd that the “Why doesn’t hashing do something useful” gets so much traction.

It is useful, it secures the block-chain and enforces the rules that make bitcoin what it is. You don’t have people complaining that a word processor program isn’t using its spare cycles to render “useful” 3D objects, or that a car isn’t using its spare horsepower to fix potholes.

Useful work is happening, even if it is perceived as repeated calculations doing “nothing”.


fortitudinem multis - catenum regit omnia
kiba
Legendary
*
Offline Offline

Activity: 980
Merit: 1014


View Profile
February 06, 2013, 12:40:41 AM
 #3

My comment on a point that keeps coming up in bitcoin articles - how hashing isn't "useful".


Security works like that. What's the use of having a large army, locks, bank guards, and so forth if people are angels? People aren't, so we are force to make security a part of our budgetary concern.

All the technology that makes bitcoin would be moot if nobody read secrets or steal coins. We could just use a global central database server and keep it at some United Nations building.

Pages: [1]
  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!