[Cryptography] BitCoin bug reported
guido at witmond.nl
Fri Feb 14 04:15:55 EST 2014
On 02/10/14 14:03, Phillip Hallam-Baker wrote:
A few misunderstandings...
> Since the upper limit on the value of a bitcoin is set by
> the cost of electricity to mine it,
Please don't conflate cost and value.
> the value increases as the
> difficulty of mining increases.
The cost increases, the value is dependent on market forces. Currently a
Personally, I see the transparency of the ledger as a good thing. Money
is power. Power corrupts, thus money needs to be checked. I believe some
big problems in society are due to unchecked power in combination with
I guess that's why the powers that be don't like Bitcoin, they don't
like to be accounted, held responsible.
Regards, Guido Witmond.
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