[hackerspaces] bitcoin

[Koen Martens]

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On Sat, May 28, 2011 at 03:17:26AM -0700, Paul Bohm wrote:
> the tech paper is here: http://www.bitcoin.org/bitcoin.pdf
> 
> essentially it's a distributed transaction log that prevents
> double-spending.
> http://bitcoinweekly.com/articles/bitcoin-is-worse-is-better provides some
> context.

Thanks, also to Mel. I have some reading to do!

> Interesting tidbits from other places: if you'd bought $100 USD worth of
> bitcoins 8 months ago, you could sell them for $14100 USD now.

Would anyone buy $14100 worth of bitcoins though? :)

> The computing power of Bitcoin Mining has reached about half the total
> computing of all the top 500 Supercomputing projects in the world COMBINED,
> and within a few weeks will surpass it.
> http://www.bitcoinminer.com/post/5872990977/hashing-difficulty-434877
> 
> (if that last paragraph doesn't make you stop and think, you have no pulse)

What still puzzles me, wtf can i do with bitcoins??

And also, it seems that if you haven't generated bitcoins months ago, you're
pretty much doomed. Unless you invest thousands of euro's in GPU's, which I'm
not really prepared to do :) I hear people saying they have machines crunching
away for weeks and haven't found a single bitcoin. Anyway, i'll read up on the
matter, because so far i've only heard things and have no clue what it is all
about :)

> I'll post a blogpost with some more thoughts soon, join my bitcoin facebook
> group to stay updated:
> https://www.facebook.com/home.php?sk=group_132548986823555

Sorry, not on facebook..

Gr,

Koen

> 
> - enki
> 
> On Sat, May 28, 2011 at 3:03 AM, Koen Martens <gmc at sonologic.nl> wrote:
> 
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> > On Sat, May 28, 2011 at 11:27:25AM +0200, Mel wrote:
> > > Sounds great to me as well. Bitcoin is still a little obscure and a
> > lonely
> > > activity as it is and anything that could make it easier to understand
> > > (through people who *actually get it* explaining the concept) and less of
> > a
> > > solitary thing (by meeting others) is worth doing.
> >
> > Hmm, i've been trying to 'get it' for a bit now, but haven't found anyone
> > who can explain to me how it works. I mostly have heard about how how
> > it will change everything, the economical aspects etc.. But not a lot about
> > the cryptographic background. If anyone could point me somewhere where I
> > can foud what it really is about, would be much appreciated.
> >
> > Gr,
> >
> > Koen
> >
> > >
> > >
> > > --
> > > Hackers Ouverts - Hackerspace nomade en Île de France
> > > http://www.hackersouverts.fr/
> > > http://twitter.com/hackersouverts
> > >
> > >
> > >
> > > 2011/5/28 Paul Bohm <bohmps at gmail.com>
> > >
> > > > Just saw this:
> > > >
> > > >
> > > >
> > http://www.bitcoinmoney.com/post/5894406565/cincinatti-hive13-bitcoin-local-exchange
> > > >
> > > > A hackerspace in Cincinatti, Hive13, has started what hopefully is a
> > trend.
> > > >  During the Tuesday meetings the hackerspace also becomes a Bitcoin
> > local
> > > > exchange <http://www.hive13.org/?tag=bitcoin>. [...] Hopefully more
> > will
> > > > follow Hive13’s lead.
> > > >
> > > > Sounds like a great idea to me. What do you guys think?
> > > >
> > > > - enki at hackerspaces.org
> > > >
> > > >
> > > > _______________________________________________
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> > > >
> >
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> >
> >
> > - --
> > http://www.sonologic.nl/
> > http://koenmartens.nl/
> > https://www.revspace.nl/
> > http://hxxfoundation.com/
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- -- 
http://www.sonologic.nl/
http://koenmartens.nl/
https://www.revspace.nl/
http://hxxfoundation.com/
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