Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
zalmoxes
Sep 30, 2009

:eurovision:
Speaking of real services you can use bitcoins for, you can hire an artist:
https://en.bitcoin.it/wiki/User:Aimee
and http://www.bitcoiners.org/ is a website where you can hire freelancers and pay them with bitcoins.

Adbot
ADBOT LOVES YOU

zalmoxes
Sep 30, 2009

:eurovision:

Chris Knight posted:

Maybe I'm not getting something here, but isn't the whole system designed to only allow so many BTC to be generated within the network at a given time? So throwing shitloads of computing power at it just wastes power?

The way I understood it, the hashing gets more complicated the more computing power there is on the network.

zalmoxes
Sep 30, 2009

:eurovision:
The Economist has a blog post up about bitcoin.
http://www.economist.com/blogs/babbage/2011/06/virtual-currency

zalmoxes
Sep 30, 2009

:eurovision:
Atlas (guest): I currently have ~250k bitcoins in my wallet, and I'm going to dump them unless the regulation ends. This is not what bitcoins were developed to do.

zalmoxes
Sep 30, 2009

:eurovision:
Looks like EFF doesn't even want bitcoins for free anymore https://www.eff.org/deeplinks/2011/06/eff-and-bitcoin

edit: this is the worst http://www.youtube.com/watch?v=skBbFDcVuY4&feature=player_profilepage#t=385s