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According to NIST and ECRYPT II, the cryptographic algorithms used in
Bitcoin are expected to be strong until at least 2030. (After that, it
will not be too difficult to transition to different algorithms.)
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yokosan
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March 19, 2013, 06:43:23 PM |
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What is the current status of an actually BTC debit in whatever fiat?
This my friend is the million dollar question. Give me the ability to withdraw bitcoin from ATM as cash and I will glady stuff all of my savings into that account.
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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March 19, 2013, 06:54:44 PM |
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don't worry. the asics are coming.
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URSAY
Legendary
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Activity: 1946
Merit: 1000
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March 19, 2013, 06:59:45 PM |
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don't worry. the asics are coming.
Is this a BFL quote?
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cypherdoc
Legendary
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Activity: 1764
Merit: 1002
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March 19, 2013, 07:11:29 PM |
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don't worry. the asics are coming.
Is this a BFL quote? no, an Avalon one.
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Jaw3bmasters (OP)
Full Member
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Activity: 196
Merit: 100
Another block in the wall
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March 19, 2013, 07:33:42 PM |
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That's why 'more' is in the title.
So far we have Avalon, ASICMINER. Yea, we need some more....
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In Cryptography we trust.
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repentance
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March 20, 2013, 12:56:14 AM |
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I'm not sure why you think the FinCEN guidelines mean more ASICs are needed. 3600 BTC are going to be produced per day whether they're produced on GPUs or ASICs and FinCEN doesn't going to give a damn about what hardware you used to produce them - only what you do with them after you've mined them.
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All I can say is that this is Bitcoin. I don't believe it until I see six confirmations.
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Gator-hex
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March 20, 2013, 01:00:05 AM |
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Yeah, people don't get that ASICs don't produce more bitcoins, they just take more share. I can imagine 2 hedge funds spending $millions of investors money on them and each wondering why they never produce more coins. Truly the ones making out big in the gold Bitcoin rush will be the ones selling the shovels ASICs.
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Jaw3bmasters (OP)
Full Member
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Activity: 196
Merit: 100
Another block in the wall
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March 20, 2013, 12:23:24 PM |
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I'm a miner, so my thing is hardware. As of now, all my transactions will be done only in BTC, given availability. I've already bookmarked https://www.bitcoinstore.com/Now it's official.
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In Cryptography we trust.
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Jaw3bmasters (OP)
Full Member
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Activity: 196
Merit: 100
Another block in the wall
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March 20, 2013, 12:27:59 PM |
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According to FinCEN, I can mine/trade any cryto-currency just as long I don't try to peg the value to uncle sam's dead prez. That for me is good news, for others, perhaps not.
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In Cryptography we trust.
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DoomDumas
Legendary
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Activity: 1002
Merit: 1000
Bitcoin
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April 09, 2013, 03:55:52 PM |
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and about helveticon ?
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DPoS
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April 09, 2013, 04:02:59 PM |
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Truly the ones making out big in the gold Bitcoin rush will be the ones selling the shovels ASICs.
not until the easy gold is dug first
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