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Dr. Glamorian (OP)
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July 13, 2012, 05:06:43 AM
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Why will Bitcoin stand the test of time? Why will it replace the wonderful pieces of polymer and cotton that we know and love?
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There are several different types of Bitcoin clients. The most secure are full nodes like Bitcoin Core, which will follow the rules of the network no matter what miners do. Even if every miner decided to create 1000 bitcoins per block, full nodes would stick to the rules and reject those blocks.
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John (John K.)
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July 13, 2012, 05:12:52 AM
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A couple of intro's here: https://en.bitcoin.it/wiki/Bitcoin_Newbie_Guide and here: https://bitcointalk.org/index.php?topic=7269.0
Dr. Glamorian (OP)
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July 13, 2012, 05:20:29 AM
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Quote from: John (johnthedong) on July 13, 2012, 05:12:52 AM
A couple of intro's here: https://en.bitcoin.it/wiki/Bitcoin_Newbie_Guide and here: https://bitcointalk.org/index.php?topic=7269.0


I see this as a threat to consumerist society. There is no way easy credit could be lent if Bitcoin is really this rigid in its supply and becomes the de facto global currency.

How will the masses purchase massive amounts of clothes, toys, foodstuffs and cars?
merve10495
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July 13, 2012, 05:25:48 AM
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Quote from: Dr. Glamorian on July 13, 2012, 05:20:29 AM
I see this as a threat to consumerist society.
Not sure if Troll or just has lots of questions..
Bitcoin: http://www.youtube.com/watch?v=Um63OQz3bjo
Dr. Glamorian (OP)
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July 13, 2012, 05:28:39 AM
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Quote from: merve10495 on July 13, 2012, 05:25:48 AM
Quote from: Dr. Glamorian on July 13, 2012, 05:20:29 AM
I see this as a threat to consumerist society.
Not sure if Troll or just has lots of questions..
Bitcoin: http://www.youtube.com/watch?v=Um63OQz3bjo
A question is much like a troll, if you think about it.
bitster
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July 13, 2012, 07:09:25 PM
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The end of fiat currency is better for us all in to long term.
Kazimir
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July 13, 2012, 08:03:47 PM
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Quote from: Dr. Glamorian on July 13, 2012, 05:20:29 AM
How will the masses purchase massive amounts of clothes, toys, foodstuffs and cars?
They give bitcoins to shop. Shop gives massive amount of clothes, toys, foodstuffs and cars to customer. Purchase successful.
In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
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July 13, 2012, 08:06:16 PM
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Quote from: bitster on July 13, 2012, 07:09:25 PM
The end of fiat currency is better for us all in to long term.
Except for banks.

Which is a good thing for us all, as well.
In theory, there's no difference between theory and practice. In practice, there is.
Insert coin(s): 1KazimirL9MNcnFnoosGrEkmMsbYLxPPob
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