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Author Topic: Greetings  (Read 430 times)
StuffThings
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July 12, 2011, 08:47:13 PM
 #1

Hello everyone,

I am a certified Bitcoin newbie. I am here to make my first few posts and hopefully not crack my reputation egg before it has even hatched.

I intend to offer various metaphysical services in exchange for Bitcoin payment. I am keen on the general prospectus of the Bitcoin philosophy, although I am also concerned for its future, what with the influence on the video card market and the like.

I look forward to talking to you all.

Stuff
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BitcoinPorn
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July 12, 2011, 08:57:38 PM
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Please kindly elaborate your thoughts regarding this future you are concerned about.  Especially in regards to the video card comment, I am not a miner, please explain.

StuffThings
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July 12, 2011, 09:10:54 PM
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Am i mistaken in thinking there is an issue with some people investing hundreds of dollars into video cards to create basements full of mining computers, interfering with both the value of Bitcoins and of graphics cards?

If i am wrong i apologise and retract my worries.
ellipsis
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July 12, 2011, 09:42:10 PM
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Am i mistaken in thinking there is an issue with some people investing hundreds of dollars into video cards to create basements full of mining computers
Mining is both necessary and self-limiting. Too much mining power will make it unprofitable for all but the few, and that may be an issue, but the early adopter problem is an issue regardless. It is a natural system and will balance itself out.

interfering with both the value of Bitcoins
It most likely does not.

and of graphics cards?
This is certainly an issue for people who just want an old video card, but regarding mining, see my first point.

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