[FoRK] bitcoins vs. alchemy
Joseph S. Barrera III
j3 at barrera.org
Wed Dec 5 16:26:18 PST 2012
There would never have been a gold standard if alchemy were possible.
The supply of gold is roughly constant. That's a precondition of the
But crunching bits improves every day... clock rate and algorithms and
better architectures (GPUs). And amazing things can be done when solving
a very specific problem (e.g. mining bitcoins).
So what rational person would invest in bitcoins?
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