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 Bitcoin Thread v1, and other cryptocurrencies

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spacelion
post Dec 2 2013, 02:44 PM

Ada Liu
******
Senior Member
1,689 posts

Joined: Mar 2009
From: Probation?
QUOTE(UpCar @ Dec 2 2013, 02:29 PM)
cgiminer. i left laptop on for many hours. still 0.000000
is like msdos prog 1. then i tie up with my account i made multibit.

i felt like something not right also. but is still 0.00000 and i not sure what i do wrong. the guide not easy for newbie like me.
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did u join a pool or ownself mine (heheheheh, ownself mine is impossible now)
spacelion
post Dec 2 2013, 04:21 PM

Ada Liu
******
Senior Member
1,689 posts

Joined: Mar 2009
From: Probation?
QUOTE(maru&box @ Dec 2 2013, 03:15 PM)
Some things I don't like about bitcoin:

1."Unfair" distribution of coins. Early adopters who hoard coins become millionaires. Only people willing to invest in high end mining equipment can afford to mine coins without losing money on electricity. Group mining is a must now.

2. Difficult to transfer funds to purchase coins. Usually, there will be a 3rd party in there to take a transaction fee. China's BTC exchange has less fees but I don't trust them.

3. Bitcoin is deflationary. There can be no more than 21 million in existence but there can be less than 21 million due to "lost" coins.

4. Unstable value makes it more of a speculative virtual item rather than a legitimate currency. Maybe it will settle to some stable value in the future.
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you just sum up the problem with every cryptocurrency out there, that's why some (LTC) try out different ways to discourage ASIC mining, while others like PPC include proof-of-stake to increase the cost of monopolizing the currency.
spacelion
post Dec 29 2013, 11:25 AM

Ada Liu
******
Senior Member
1,689 posts

Joined: Mar 2009
From: Probation?
dogecoin rule world soon, shoot to moon, wow, much coin

 

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