You wrote: > 2012/10/16 Fritz Wuehler > <fr...@spamexpire-201210.rodent.frell.theremailer.net>: > > ...snip... Bottom line > > appears to be a lone miner with a normal desktop computer is not going to be > > able to do anything but heat up his room. I agree bitcoin is a cool concept > > and design and the history is fascinating. But we are probably priced out. > > > > I don't see much difference to 'real money' when thinking from > standpoint of a lone miner with a normal desktop printer. > we don't create the money, we just trade it, be it buying things or > working to earn it etc..
That's a good comparison and it is the point I was making. Nobody has ever legally printed money with his own printer but people have been able to mine bitcoins with their own computers until recently. That was the original point of bitcoin and it is already on the verge of disappearing. bitcoin was supposed to be decentralized currency but because of increasing resources needed for mining that part is no longer relevant. Do you really want another unelected federal reserve board of bitcoin? That kind of defeats the purpose.
