Bitcoin Infographic - what do you think?

[cryptocoinsnews]

Bitcoin Infographic: http://www.cryptocoinsnews.com/2013/09/12/bitcoin-infographic/



What do you think?

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[niko]

Mentioning "anonympus hacker Satoshi Nakamoto" is completely and utterly irrelevant. It is a useless bit of information.

Claiming that "transactions allow for anonymity" is, to put it politely, misleading.

"Mining takes a long time because it's a complex process" is a meaningless statement.

...

I stopped reading after that. Sorry, it's overwhelming and I cannot start to provide constructive criticism. Graphic design is quite good, though. "Don't get it original, get it right" - and you pretty much got it right. I sincerely hope there will be people more patient than me to help you arrive at a meaningful and useful story to tell.

[domob]

Looks good visually, but I'd also not endorse the content.  As mentioned already, Bitcoins aren't (yet) anonymous.  Replace that by "pseudonymous" if you want, which is technically more correct.

Also, while your "complex mathematical equation" looks nice, it has absolutely nothing to do with mining.  You don't work with floating point numbers and you don't (really) solve equations any more than if you tried to find eigenvalues by brute-force (sorry for this comparison, but it was the best I could think of right now ).

Finally, I absolutely don't get what you mean by your last graphic comparing the "growth" of Bitcoin to that of the US dollar.  Actually, the great thing about Bitcoins is that they don't inflate exponentially forever ... do you want to compare in terms of USD purchasing power?  But then I'm not sure what your growth in USD should mean....

[Anon135246]

Graphics look good!

[greyhawk]

Nice stolen content.

Here's the source: http://www.cashstore.com/blog/understanding-bitcoin-mining-and-its-effect/

I hope they sue you into an early grave.

[Kazimir]

It focuses way too much on mining. The whole mining process is not relevant at all for newcomers who want to learn about Bitcoin.

Mining is merely an implementation detail that solves the problem of automatically distributing new bitcoins in an uncontrolled, decentralized fashion. Just like the worldwide digging up of gold is not controlled or centralized.

In my humble opinion, the essence of Bitcoin is:

It's money that is independent of banks or governments. It's not being issued or controlled by any person, website, company, or authority.

It cannot be confiscated, monitored, frozen, blocked, or tampered with.

Bitcoin payments are directly from one person to another, just like handing over cash, without any middle men or 3rd party services or other dependencies.

It cannot be created out of thin air, or be counterfeited. It's much like gold, but digital. And better, because it's easy to store and transfer securely, backup, divide in smaller fractions, and its supply is already predetermined.

All this is possible not because someone promises so, but because it's completely built up from some smart (and completely open and transparent) mathematical principles. It can be trusted not because it's "backed" by some trustworthy authority, but because it doesn't need trust.

Note that I deliberately avoid terms like "peer to peer" or "cryptocurrency" or other techno babble that will only chase away non-savvy newcomers.

Motto stolen from somewhere else: "What internet and email did to information and communication, Bitcoin can do for money. Welcome to the future."

[niko]

Nice stolen content.

Here's the source: http://www.cashstore.com/blog/understanding-bitcoin-mining-and-its-effect/

I hope they sue you into an early grave.

OP seems to be spamming us with stolen content just to draw traffic to his Website. Pathetic. Lame.

[bg002h]

The visual presentation is great.  The info is sketchy.  Relevant comparisons would be to the alternatives.


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[faiza1990]

Nice stolen content.

Here's the source: http://www.cashstore.com/blog/understanding-bitcoin-mining-and-its-effect/

I hope they sue you into an early grave.

OP seems to be spamming us with stolen content just to draw traffic to his Website. Pathetic. Lame.

yes I understand this also looking for some traffic for his website

[TheWaler]

I'm with Kazimir, there are more important things to focus on with bitcoin than mining.

[Gabi]

Electricity isn't used to make new bitcoins, it is used to SECURE the network

+1 to

"Mining takes a long time because it's a complex process" is a meaningless statement.

Also "equations"? Lol.

Why add wrong info?

And again, mining is not for generating coins, it is for security purpose. You can "generate coins" even with a Pentium 1

Also why the hell is that infographic only about mining? It is like speaking about gold and only showing how it is mined  like it is the most important thing of gold

[MagicBit15]

Very interesting graphic, the info is not all perfect, and a lot of predictions, but I definitely love the format. You have a great talent!!

[LiteCoinGuy]

like that graphics. simple and nice.

[cryptocoinsnews]

ty

[ninjaboon]

So a CPU is the fastest processor? (3 years),
it must be a mistake.

[hashman]

Whats the point of including a totally unrelated mathematical expression? 

Looks to me like you are setting BTC=0, though you don't define the contour of contour integral in the numerator.     

There is no calculus in SHA256 or ECDSA, so the point of that expression you have then must be:

1) To make mathematicians believe bitcoin is bullshit

2) To scare away non-mathematicians from trying to understand bitcoin

Both goals seem unworthy to me. 

 

 

[will1982]

Whats the point of including a totally unrelated mathematical expression? 

Looks to me like you are setting BTC=0, though you don't define the contour of contour integral in the numerator.     

There is no calculus in SHA256 or ECDSA, so the point of that expression you have then must be:

1) To make mathematicians believe bitcoin is bullshit

2) To scare away non-mathematicians from trying to understand bitcoin

Both goals seem unworthy to me. 

 

 

To a stupid uneducated person like me, it just looks like "Them fancy people's math".
Although it probably will scare mathematicians away.

[MatthewLM]

This graphic is terrible. The number of bitcoins will surpass the number of dollars? Never will it.

[Raoul Duke]

I think you stole it from here... Fucking spammer.

[Zaih]

Half the stuff is boderline true... Not to mention you're barely promoting Bitcoin, you're giving it more of a negative spin off in some portions. What on Earth is the relevance of stating it takes 44 days to make $128? How is that even measured to begin with..

Graphics are good as everyone mentioned though, try again maybe?