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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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SkRRJyTC
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April 24, 2012, 11:26:25 AM |
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Short term effect is 0. This is still many many years away.
Long term effect is price of metals goes very close to 0.
This is speculation for future generations.
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HorseRider
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April 24, 2012, 12:09:39 PM |
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ET will buy some bitcoin. and the price will be higher.
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16SvwJtQET7mkHZFFbJpgPaDA1Pxtmbm5P
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Foxpup
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Vile Vixen and Miss Bitcointalk 2021-2023
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April 24, 2012, 12:20:08 PM |
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Asteroid mining? Although solar power is more efficient in space than on Earth, you've got a big problem with heat dissipation (GPU fans don't work so well in a vacuum), so I don't think it'll work. Oh wait, you mean mining metal... never mind.  |
Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions! |
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Dan The Man
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April 24, 2012, 12:35:16 PM |
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Asteroid mining? Although solar power is more efficient in space than on Earth, you've got a big problem with heat dissipation (GPU fans don't work so well in a vacuum), so I don't think it'll work. Oh wait, you mean mining metal... never mind. Passive heat sinks would work so much better in space where you can radiate heat out to the universe (background temperature of about 3 degrees above absolute zero). Just keep the sun side insulated. |
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disclaimer201
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April 24, 2012, 12:40:16 PM |
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Is this the Star Trek section of the forum?
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Foxpup
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April 24, 2012, 12:50:14 PM |
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Passive heat sinks would work so much better in space where you can radiate heat out to the universe (background temperature of about 3 degrees above absolute zero). Just keep the sun side insulated.
Passive heat sinks require an extremely large area for high-power, low-temperature applications, so you'd likely be using up most of your payload mass for just the heat sink. It's not a very efficient use of resources. Is this the Star Trek section of the forum?
It's the Speculation section. We're speculating on the viability of asteroid mining and the effect it will have on the Bitcoin economy. |
Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions! |
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Dan The Man
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April 24, 2012, 01:10:49 PM |
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Passive heat sinks would work so much better in space where you can radiate heat out to the universe (background temperature of about 3 degrees above absolute zero). Just keep the sun side insulated.
Passive heat sinks require an extremely large area for high-power, low-temperature applications, so you'd likely be using up most of your payload mass for just the heat sink. It's not a very efficient use of resources. Radiative heat dissipation depends on surface area. In zero atmosphere free fall, there are no structural loads. That means you can make really flimsy structures, like foil heat fins. Besides what alternative would you have in space? |
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Elwar
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Viva Ut Vivas
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April 24, 2012, 01:27:00 PM |
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In space you can use replicators. That will have a huge effect on the market.
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First seastead company actually selling sea homes: Ocean Builders https://ocean.builders Of course we accept bitcoin. |
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Foxpup
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April 24, 2012, 02:18:54 PM |
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Radiative heat dissipation depends on surface area. In zero atmosphere free fall, there are no structural loads. That means you can make really flimsy structures, like foil heat fins.
Hmm. Good point. In space you can use replicators. That will have a huge effect on the market.
Fortunately, bitcoins are harder to replicate than latinum. |
Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions! |
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Spekulatius
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April 24, 2012, 04:07:14 PM |
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If you ask me, Bitcoin was invented under the pseudonym "Satoshi Nakamot"o by ET, Godzilla, the Alien Queen and JFK in order to control the population and eventually seize power in 2012 (December 21st!!!).
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bluefirecorp (OP)
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April 24, 2012, 08:34:15 PM |
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If you ask me, Bitcoin was invented under the pseudonym "Satoshi Nakamot"o by ET, Godzilla, the Alien Queen and JFK in order to control the population and eventually seize power in 2012 (December 21st!!!).
Crazies be crazing. |
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Foxpup
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Vile Vixen and Miss Bitcointalk 2021-2023
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April 25, 2012, 08:33:58 AM |
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If you ask me, Bitcoin was invented under the pseudonym "Satoshi Nakamot"o by ET, Godzilla, the Alien Queen and JFK in order to control the population and eventually seize power in 2012 (December 21st!!!).
How exactly is Bitcoin supposed to control the population? Unless... dammit, I knew I shouldn't have used my laptop for mining! |
Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions! |
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Spekulatius
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April 25, 2012, 11:57:08 AM |
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If you ask me, Bitcoin was invented under the pseudonym "Satoshi Nakamot"o by ET, Godzilla, the Alien Queen and JFK in order to control the population and eventually seize power in 2012 (December 21st!!!).
How exactly is Bitcoin supposed to control the population? Unless... dammit, I knew I shouldn't have used my laptop for mining! Too bad buddy! U r already under control. Welcome to the slave gang!  U Monkey! |
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