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Author Topic: rpietila public diary ** Episode II  (Read 762 times)
rpietila
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October 29, 2013, 11:08:37 AM
 #1

Happened previously
- Satoshi started to run Bitcoin software 3.1.2009. In the initial months it was possible to generate bitcoins with CPU at an electricity cost of approx. $0.000,001/mBTC. Currently the easiest way to acquire them is to buy them at about $0.20/mBTC. The price of the currency unit has thus risen 200,000 times in less than 5 years. What is this phenomenon called Bitcoin?

Happened in previous episode 12.4.2013-18.6.2013
- rpietila explaining how he makes money with bitcoin
- Deduces bitcoin's long term target price of $300/mBTC
- Talking about Real Bills Doctrine
- Sent BTC13.37 to nkspace, an unknown forum troll
- Organized an international Bitcoin Summit in Finnish country hotel
- Developed concepts of Bitcoin Supernode System and Bitcoin Dealer Network Association
- Closed down due to declining health in anticipation of $1.400/mBTC

Happened after previous episode
- Calculation of the distribution of bitcoins between owners of different size

Happened in this thread
- Nothing so far
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October 29, 2013, 11:19:19 AM
 #2

What is Bitcoin? A story for the ages...
thank you for your work Mr. Pietila, it has influenced my perception of the world greatly and I'm honored to have you here with us.

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October 29, 2013, 11:21:35 AM
 #3

Getting on the ground floor of further insanity.
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