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Author Topic: Passed 5MM BTC!  (Read 1363 times)
Cryptoman (OP)
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December 29, 2010, 08:38:14 PM
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http://bitcoinwatch.com/

The value of BTC continues to rise, too.  Or is it the USD continues to fall?  Tongue

"A small body of determined spirits fired by an unquenchable faith in their mission can alter the course of history." --Gandhi
Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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MoonShadow
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December 29, 2010, 10:23:06 PM
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The value of BTC continues to rise, too.  Or is it the USD continues to fall?  Tongue

A bit of both.  The bitcoin economy continues to grow at a bit of a faster pace than the inflation rate, but the USD isn't doing so hot either.

"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent meetings and conferences. The apex of the systems was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world's central banks which were themselves private corporations. Each central bank...sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world."

- Carroll Quigley, CFR member, mentor to Bill Clinton, from 'Tragedy And Hope'
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December 29, 2010, 10:29:46 PM
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I am thinking we should do a celebration of some sort when bitcoin reaches $1.  News blitz, ad banners, go out to get drinks, etc.  Our hard work paying off!
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