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Author Topic: Interest in bitcoin at an ALL TIME HIGH!  (Read 1911 times)
Zangelbert Bingledack
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April 13, 2013, 03:24:48 PM
 #21

In the end, there is still only 3600 new coins per day, what changes is who gets them.

This is what people don't realize. ASICs change nothing except making the network more secure, which can only be called bullish.
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AlgoSwan
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April 13, 2013, 07:08:39 PM
 #22

In the end, there is still only 3600 new coins per day, what changes is who gets them.

This is what people don't realize. ASICs change nothing except making the network more secure, which can only be called bullish.

I agree on this. I never meant ASICs invasion to BTC mining could be a bearish sign. The very opposite is true. It will make the network more secure, if only miners hold their BTC's or exchange it with other cryptocurrencies or tangible goods (via shopping or whatever). This is so important. If this new miners or old miners with new hardwares (ASICs) accept any fiat money for their hard-earned (mined) BTCs, this will open a door to new manipulations on both sides (up and down). By accepting any fiat for your BTC you simply selling this lovely innovation to bad guys. It simply ruins it. You want a proof? Just check out last 80 years of financial history of the world.

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