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post #21 of 40
I love how people are defending bitcoin because it's a currency that's not controlled by a central government when it's instead invented by a single person, as if that's any better? I know that it's not like a single person is slowly releasing bits of currency, per se, but algorithms were developed by this person that dictates how/when currency is made, which really isn't any better.

Truth be told, I support the efforts to stop bitcoin at this time. The world is not ordered and disciplined enough to properly rule itself and have a universal currency not recognized by world economies, not accountable to financial institutions, and not overseen by a central body--at least not when there are rampant occasions of hacking, law-breaking, etc., it clearly demonstrates a lack of ability to act properly.

I'm not saying that the US interest in shutting down bitcoin has nothing to do with the fact that it undermines the US' currency. And I'm not saying that the idea of bitcoin is a bad one. But the maturity level of the general population of the world is not at the level it needs to be for self-governing in terms of a general currency.
    
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post #22 of 40
I'm sure at some point they will link this currency to terrorist activity in some way, to scare us. Our government is ran by money. Do you think they would let that monopoly get jeopardised?
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post #23 of 40
Quote:
Originally Posted by Sovietskikih;13808807 
.............what? It's a virtual currency that operates under the same premise of bittorrent, and relies on it's peers to maintain the currency. The article heavily references the usage of the currency on silk road, but the currency has other uses besides that.

Thanks for telling me what I already knew...? No idea what your response was for......All I said was I couldn't configure it correctly when I first tried to get it running, or so I was told from others when I posted my numbers. And no idea what silk road is either other than I thought it was just a game but sounds like a black market thing now.
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post #24 of 40
Quote:
Originally Posted by blameless;13808679 
government control of money is something that needs to end sooner rather than later.

+1
post #25 of 40
Quote:
Originally Posted by DayzaStarr;13808855 
Thanks for telling me what I already knew...? No idea what your response was for......All I said was I couldn't configure it correctly when I first tried to get it running, or so I was told from others when I posted my numbers. And no idea what silk road is either other than I thought it was just a game but sounds like a black market thing now.

Bitcoin has nothing to do with graphics cards or a game. You didn't even read the article....
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post #26 of 40
Quote:
Originally Posted by DayzaStarr;13808787 
Blah, I passed on Bitcoin earlier when I saw the small amount you made and I couldn't configure it correctly, now I think I'll go back and start this. This feeds off of your GPUs if I remember correctly and AMD runs better than Nvidia?

With the current difficulty it's really not worth bothering if you're using an Nvidia card, 5770+ should be enough to get more money out than you're putting in through electric costs.
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post #27 of 40
Quote:
Originally Posted by _GTech;13808580 
Wow, this is news to me, I've never even heard of Bitcoin...

(I posted this because of Tech, not for political debate!)

You missed out on the long debates over whether Bitcoin guides could even be posted on OCN. tongue.gif Think it's still being debated by the staff.
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post #28 of 40
Quote:
Originally Posted by Blameless;13808679 
Government control of money is something that needs to end sooner rather than later.

care to explain why? because i really dont understand it.

when i think of government controlled "money" i think of china which sets what the value of their currency is ... so far china is doing great partly (if not mostly) because of this.

another example is europe ... maintaining the euro as a strong currency eventually leads to stability (yes political and economical)


so considering these 2 examples i really dont understand why is it bad if governments control how much money is in flow and what is the value of the money


p.s. this is a bit offtopic i know but not really all that much
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post #29 of 40
I love how OCN states no politics in it's rules, but when the title clearly says "U.S Government" and the article is clearly talking about Senators trying to regulate something, the thread isn't closed.

Sad.
post #30 of 40
Thread Starter 
Quote:
Originally Posted by mbudden;13808926 
I love how OCN states no politics in it's rules, but when the title clearly says "U.S Government" and the article is clearly talking about Senators trying to regulate something, the thread isn't closed.

Sad.

To me, it's not about the government nor the senator, to me it's about Bitcoin.

Of course the gov. is going to try to shut down any world wide openly traded currency, it doesn't take a genius to figure that one out...

I wasn't trying to start a political discussion, I was just trying to be informative.
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