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Author Topic: blog.ml-implode.com: A Computer Scientist and “Gold Bug” Analyzes BitCoin  (Read 1366 times)
foggyb
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June 22, 2011, 10:05:44 PM
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http://blog.ml-implode.com/2011/06/a-computer-scientist-and-gold-bug-analyzes-bitcoin/

June 22nd, 2011 •

by Aaron Krowne
founder, ML-Implode.com


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June 22, 2011, 10:17:21 PM
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Good find.  Thanks. 
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June 22, 2011, 10:20:40 PM
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Decent read.  I can see Bitcoin more or less just being it's own monetary system going alongside the dollar for quite a while, and yeah there is that possible all electricity in the world goes out situation, which is why a physical existence of something will always be necessary.

I actually have some relevant credentials: here.

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June 22, 2011, 10:21:21 PM
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The best part about this blog is 1 million visitors per month and 50,000,000 since 2007.

yeah there is that possible all electricity in the world goes out situation

Bitcoin does not need to die even with an extended power outage (talk about a doomsday scenario!). With bitcoin phone apps or dedicated wireless bitcoin gadgets (with proximity auto-sync), the bitcoin network might still be able to propagate its connections, albeit at an extremely slow rate.

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June 22, 2011, 10:27:25 PM
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The best part about this blog is 1 million visitors per month and 50,000,000 since 2007.
hahaha, didn't even notice the big counter on the bottom, great.

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June 22, 2011, 10:33:58 PM
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quality read  Cool
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June 22, 2011, 11:03:41 PM
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He starts out repeating the same confusion in the dailytech article he links.  They both mix up the 6-13 theft of allinvain's wallet and the 6-19 breach of MtGox.  Two totally different, unrelated security breaches.

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June 22, 2011, 11:09:50 PM
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Well regardless of the mix-up, at least he's willing to give Bitcoins.

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Ask not what Bitcoin can do for you - ask what you can do for Bitcoin.
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June 22, 2011, 11:18:55 PM
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Aaron Krowne is a quality guy.  too bad he thinks Bitcoins can be inflated.
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