Discussion in Admin Subscriptions started by epi1to10000, Apr 23, 2011
You mean this: http://www.bitcoin.org/ ?
Highly doubt it. I'm gonna go out on a limb and say Absolutely Not.
I just looked through that website and I'm thoroughly confused. They say these thingies have a market value of US $1.47. Is this like that South Park episode where they think they've got a million bucks because Butters got a million hits on YouTube?
Bitcion is an open source peer to peer quasi-anonymous digital curency. It is a free market curency backed by its market value in US dollars, British pounds, Euros, Russian rubles, Polish zloty, gold, ect. Transactions are currenly encrypted, processed, and authenticated by a 14 petaflop distributed supercomputing cluster. The transaction database is also distributed acros thousands on computers throughout the world and re encrited by the 14 petaFLOP supercomputing cluster every 8 to 10 minutes. This makes it virtualy impossible to crack, hack, or disrupt with modern computing power available to any government or group of governments/private entities. (the curen't fastest super computer is 2 petaFLOPS, in China). Each individual person/client software acts as there own bank and is part of the distributed transaction database and is identified by a sha-512 hash. The current market is bringing in people and money fairly quickly as people see it as a hedge against the falling value of certain currencies or gold. Bitcoin curreny has the lowest transaction fees of any bank and the fees are far less than paypall. The current built in market with an eagerness to exchange their bitcoins for services and goods is growing rapidly and combined with free advertising on the bitcoin wiki will allow any merchant that is willing to accept bitcoins for payment easy acces to the market. Right now most of the people willing to fork out $3.40 for a bitcoin are economics/computer/security geeks but the market is rapidly expanding. If the server admins would like to look into bitcoin they can visit the bitcoin wiki and the articles bellow.
PS There are curency excanges to buy and sell bitcoins--> see bitcoinwatch.com
That being said.. I would still have to say no. I believe ray's looking for cold hard cash instead of virtual currency to pay off the server
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