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Author Topic: I was interviewed about Bitcoin on more than 100 Radio stations! ~100K Listeners  (Read 9801 times)
DeathAndTaxes
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Gerald Davis


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November 21, 2011, 07:05:24 PM
 #141

The Bitcoin network is indeed more powerful than supercomputers, but only if you compare the Bitcoin mining performance. Since this is the only thing that matters in the context of Bitcoin security I think the comparison is valid.

Exactly. It doesn't matter how good the whole earth simulator is at modeling weather patterns or how badly the Bitcoin network would compare on that task.  What matters is how good would supercomputer be at mining and thus how likely are they to represent a credible threat to the Bitcoin network.

The reality is supercomputers aren't so "super" when it comes to mining power.  They are totally outmatched by the aggregate of legit nodes in raw integer performance.  Even among supercomputers which have decent integer potential they are outmatched by the sheer number of Bitcoin nodes.
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November 21, 2011, 10:57:31 PM
 #142

Didn't mention the "have to wait for confirmations to be secure" in the radio show. So I don't have to find it, what was the bitcoin debit card called? I'd like to know how that works and with what debit card provider it works with.

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November 22, 2011, 02:25:39 AM
 #143

Didn't mention the "have to wait for confirmations to be secure" in the radio show. So I don't have to find it, what was the bitcoin debit card called? I'd like to know how that works and with what debit card provider it works with.

www.okpay.com offers it.
I'm sure they are the first of many others that will offer similar services soon.

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November 22, 2011, 07:04:42 PM
 #144

It seems you have to transfer bitcins into their online account. I thought it was a bit more sophisticated where it automated payments using an online bitcoin wallet. I suppose it is slightly easier than going through a bitcoin exchange to get the money into the bank account you use a debit card with.

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