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re: My faith in Bitcoin just went out the window
Posted on 3/8/13 at 1:41 pm to TigerDeBaiter
Posted on 3/8/13 at 1:41 pm to TigerDeBaiter
quote:
What do you predict will happen when all the coins are mined. ie "the gold rush is over"
Deflation
quote:
Why doesn't a supercomputer, say Watson, not just go snatch them all up? Why is it only (or seem to be) computer nerds trying to justify their bad arse rig they have?
I imagine IBM probably don't think it's worth it.
And remember, only 3600 are mined per day, and that will not change until nearly 2017 when it will be cut in half.
Bitcoin is still in its infancy. That probably explains why computer nerds are heavy into it.
2
Posted on 3/8/13 at 1:44 pm to WikiTiger
quote:So 10,000,000 bitcoins yet to be mined X $44/bitcoin = $440,000,000 is not worth it?
I imagine IBM probably don't think it's worth it
Okay, got it....
Posted on 3/8/13 at 1:50 pm to WikiTiger
So, it's more of a hobby? Legally speaking anyway.
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