Bitcoin – Taking the Currency out of the Monarchical Domain
by Ben Atlas on 05.16.2011.6:55am · 0 comments
I have been watching this story trend for the last couple of months. And now Jason Calacanis is out with his strak verdict:
1. Bitcoin is a technologically sound project.
2. Bitcoin is unstoppable without end-user prosecution.
3. Bitcoin is the most dangerous open-source project ever created.
4. Bitcoin may be the most dangerous technological project since the internet itself.
5. Bitcoin is a political statement by technotarians (technological libertarians).
6. Bitcoins will change the world unless governments ban them with harsh penalties.
The best introduction to Bitcoin is Russ Roberts’ Econtalk podcast with the BitCoin Principal Gavin Andresen. And by the way, the US Government is watching, Gavin Andresen was invited for a lecture about Bitcoin at the CIA. It would be interesting to know who is the genius inventor that goes by the handle Satoshi Nakamoto, he is likely a very rich man already from his original Bitcoin stash. There is an introductory video at weusecoins.com
Practically it’s very hard to get a Bitcoin allocation with the client. I tried but I am no match to the dedicated server farms built just for this purpose. And even the server farms are now choking with so many of them out there. Buying a Bitcoin on the exchange seems uncertain, with all the hype the prices have skyrocketed, currently a Bitcoin (BTC) goes for $7.8 (USD) and it was just $1 in February.
Further reading: Tagged as:
economy,
government,
internet,
money,
russ roberts,
tech
Bitcoin – Taking the Currency out of the Monarchical Domain
by Ben Atlas on 05.16.2011.6:55am · 0 comments
I have been watching this story trend for the last couple of months. And now Jason Calacanis is out with his strak verdict:
The best introduction to Bitcoin is Russ Roberts’ Econtalk podcast with the BitCoin Principal Gavin Andresen. And by the way, the US Government is watching, Gavin Andresen was invited for a lecture about Bitcoin at the CIA. It would be interesting to know who is the genius inventor that goes by the handle Satoshi Nakamoto, he is likely a very rich man already from his original Bitcoin stash. There is an introductory video at weusecoins.com
Practically it’s very hard to get a Bitcoin allocation with the client. I tried but I am no match to the dedicated server farms built just for this purpose. And even the server farms are now choking with so many of them out there. Buying a Bitcoin on the exchange seems uncertain, with all the hype the prices have skyrocketed, currently a Bitcoin (BTC) goes for $7.8 (USD) and it was just $1 in February.
Further reading:Tagged as: economy, government, internet, money, russ roberts, tech