Welcome to the North American Subaru Impreza Owners Club Monday October 14, 2019
Home Forums WikiNASIOC Products Store Modifications Upgrade Garage
NASIOC
Go Back   NASIOC > NASIOC Miscellaneous > Off-Topic

Welcome to NASIOC - The world's largest online community for Subaru enthusiasts!
Welcome to the NASIOC.com Subaru forum.

You are currently viewing our forum as a guest, which gives you limited access to view most discussions and access our other features. By joining our community, free of charge, you will have access to post topics, communicate privately with other members (PM), respond to polls, upload content and access many other special features. Registration is free, fast and simple, so please join our community today!

If you have any problems with the registration process or your account login, please contact us.







* As an Amazon Associate I earn from qualifying purchases. 
* Registered users of the site do not see these ads. 
 
 
Thread Tools Display Modes
Prev Previous Post   Next Post Next
Old 05-16-2011, 05:08 PM   #1
dmross
Scooby Specialist
 
Member#: 2818
Join Date: Nov 2000
Chapter/Region: MAIC
Location: Pittsburgh, PA
Vehicle:
2000 2.5RS

Default Bitcoin: global peer-to-peer currency system

No longer a fringe cyber idea. It's going viral.

http://launch.is/blog/l019-bitcoin-p...t-weve-ev.html
Quote:
L019: Bitcoin P2P Currency: The Most Dangerous Project We've Ever Seen
Sunday, May 15, 2011 at 12:37PM

by Jason Calacanis and the LAUNCH team

A month ago I heard folks talking online about a virtual currency called bitcoin that is untraceable and un-hackable. Folks were using it to buy and sell drugs online, support content they liked and worst of all -- gasp! -- play poker.

Bitcoin is a P2P currency that could topple governments, destabilize economies and create uncontrollable global bazaars for contraband.

I sent the 30 or so producers of my show This Week in Startups out to research the top players, and we did a show on Bitcoin on May 10. Since that time the number of bitcoin stories has surged.

After month of research and discovery, we’ve learned the following:

1. Bitcoin is a technologically sound project.
2. Bitcoin is unstoppable without end-user prosecution.
3. Bitcoin is the most dangerous open-source project ever created.
4. Bitcoin may be the most dangerous technological project since the internet itself.
5. Bitcoin is a political statement by technotarians (technological libertarians).*
6. Bitcoins will change the world unless governments ban them with harsh penalties.


Let’s Make Some Predictions
============
We are 100% certain that governments will start banning bitcoins in the next 12 to 18 months. Additionally, we’re certain bitcoins will soar in value and a crush of folks will flood the system and start using them.

Currently there are 6M coins at $6.70 each for a total economy of about $40M. Bitcoin speculation and hoarding will also cause a massive spike in bitcoin value. For example, if 10M people find out about bitcoins in the next year and want to buy $100 worth, $1B will be infused into the bitcoin economy.

Finally, there will be massive breakage in bitcoins. If your laptop crashes and you didn’t back up your bitcoins, well, you’re SOL. If someone steals you laptop that has 10,000 bitcoins on it you won on Bitcoin Poker, you’re SOL. Lost your USB drive with 500 bitcoins on it after a night out on the town? You’re SOL.

Sites like 99designs, eLance and oDesk will start accepting bitcoins for payment. If they don’t, they will face competition from folks who do.

Bottom line: The world is going to be turned over by bitcoins unless governments step in and ban them by prosecuting individuals.

This is about to get really interesting, everyone.


Relevant content starts at 7min mark (I've added a time seek to the url for your convenience)
http://www.youtube.com/watch?v=TwNfBgwbqng#t=7m


Official site:
http://www.weusecoins.com/



CN: nerds create un-hackable (so far) peer-to-peer currency system with built in algorithm for scarcity, reality slowly becomes a 90's cyberpunk novel
dmross is offline  
 

Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump

Similar Threads
Thread Thread Starter Forum Replies Last Post
FS/FT : k&n red typhoon with heat shields intake system hersheywrx SCIC Private Classifieds 2 05-16-2011 11:12 PM
Gee, I guess no one saw this comming: UN wants new global currency to replace dollar Qcanfixit Political Playground - Chaotic Neutral Edition 83 09-11-2009 06:21 PM
GM opens doors to Global Battery Systems Lab in Michigan AVANTI R5 Non-Subaru News & Rumors 1 06-08-2009 06:09 PM
MSDE SQL Server on Peer-to-Peer Network (?) GotWRX03 Off-Topic 0 10-24-2006 04:51 PM
peer-to-peer program DJ_STI Off-Topic 2 09-20-2006 10:17 PM

All times are GMT -4. The time now is 09:14 PM.


Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Powered by Searchlight © 2019 Axivo Inc.
Copyright ©1999 - 2019, North American Subaru Impreza Owners Club, Inc.

As an Amazon Associate I earn from qualifying purchases.