Bitcoin seems to be a very promising idea. Satoshi nakamoto when wikileaks started accepting bitcoin donation. The one thing that s missing but that will soon be developed is a reliable e cash.
I think the internet is going to be one of the major forces for reducing the role of government. Bitcoin is better than currency in that you don t have to be physically in the same place and of course for large transactions currency can get pretty inconvenient source. Marc kenigsberg bitcoin was created to serve a highly political intent a free and uncensored network where all can participate with equal access.
Bitcoin is merely the first mainstream manifestation of its potential. 15 wise quotes about bitcoin and cryptocurrency blockchain is the tech. Especially video games driving down the price of microchips that could handle the onerous business of guessing.
The system could not have existed without markets for digital moving images. Bitcoin was in theory and in practice inseparable from the process of computation run on cheap powerful hardware. It is a very modern notion that exploits the power of the long tail.
I like the idea of basing security on the assumption that the cpu power of honest participants outweighs that of the attacker. Bitcoin seems to be a very promising idea. Satoshi nakamoto when wikileaks started accepting bitcoin donation.
The swarm is headed towards us. You could put solar array in the arizona desert attached to bitcoin miners and instead of trying to ship that electricity all over world you could ship bitcoin all over the world. In the future i expect to see bitcoin mining in places where electricity is free or cheap.
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