does bitcoin worth it current value: 1k USD?
Bcos of mining (takpaya kerja boleh dapat duit), ppl r feeding it up.
Just like a 2008 bubble. & of cos with the bubble, many innocent ppl suffer.

hence kebodohan is crime.

pls pls pls tell me, what is the differences between bitcoin and tulip


serious investor here pls advice

what is tulip btw?

yes people who has the money and money can always goreng the price. in anything also la. just like gold price now when all the bik mama in china suddenly sell all their gold and the price goes down currently.

saham not the same because it depends on the company's performance.

because i so tired see too much bitcoin thread in /k, tak organized langsung.

bitcoin uses electricity as its 'sacrifice' (i dunno the exact word for it), it's not created out of thin air. processing power (or mining) in Bitcoin is used to maintain its public transaction ledger and log known as the blockchain

google tulip mania

i knew someone IRL hoarding 2k btc when the price is really low. He's a millionaire now.

this is what i called pandai

Means all the processing power is being generated for nothing!?

Why not every bit coin miner covert them into Folding@ home and reward them something like unlocking block (Bitcoin) instead of just waste the raw power.

Maybe sell the Processing power to image rendering company also good enough

Reason legit. Accepted. !

usd millionaire..

you're wrong in this:



when mining, u use electricity as a sacrificial thing to the bitcoin you'll be getting. just like using cotton for US dollar bills, polimers for our malaysian ringgit.

unless you're getting free electricity (in which someone else is paying for it), you still have to do something to pay your bills right?

there is a reason why some people who are born poor stay poor forever.

i dont think i wrong in this....history prove nothing.
everything have it expired.



This post has been edited by limfreelance: Dec 2 2013, 03:36 PM

trust will certainly expired one day

You forgot the cost of the rigs assembled to mine btc. Its not tak payah kerja. ini kerja guna otak punya

its not kerja...its investment...hahaha.....

your computer work, not your brain work.
good luck lah....all expert talk like pro..bila bubble, suck the money from poor.
u r poor in history.

wat is business, no lose no gain.
everyone earn 1B, sthen wat is the point of billionaire??

i approved his kepandaian

not nothing at all la. blockchain is the thing where u can verify the coins come from where going to where etc.. since it's all about currency, we need something to maintain it right? else if blockchain dont have, i can scam u for example u want to buy bitcoins from me, bank in already the money and then i say i send already to your wallet but actually i dont. since there's no blockchain, there's no way u can verify that i really send or not.

there are talks of using blockchain as alternative to email address. well the tech is still at its infancy so i think there's more can be done.

terima kasih

What are the 'complex equations' solved contribute to?
The value in electricity used, what is it converted to? Anything of value?

For example, folding@home, end product is computed simulations of cancer proteins (or the like), But I don't see what is all the processing power used in mining bit coins finally converted into.

sorry you playing and selling toy in your siggy, people playing buying and selling real house and cars.. pls graduate first.. if you dunno how to do business and be rich by now no need to teach others.

well, if u have lets say MYR10000 and then put into FD or mutual fund, do you still need your brain work? or let the bank people do their work?