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Comment Re:An Honest Question (Score 1) 213

why aren't all the world's supercomputers on the job making a thousand bucks a minute?

A dozen basement dweller with a few dozen specialized ASICs each is probably as good as a "supercomputer" at mining bitcoins.

People who pay for supercomputers have better things to do than try to make a couple of hundred bucks in a lottery^W market speculation.

Comment Re:An Honest Question (Score 1) 213

I can easily envision three ways in which it could become worthless:
3. Confidence crash. Bitcoin currently has value not so much because it can be spent (There isn't a great deal you can buy with it) as it does because of speculation. That's a dangerous situation - it's a perfect bubble. If the price should drop, even a little, then a lot of people are going to fear a decline and start selling off their coins - which will cause exactly the decline they fear. It's happened before many times.

You mean like whatever-it-was that nearly halved its value last week?

Yeah, that.

Bitcoin has found its level. It's not going up any more, it's just going to oscillate around $1000 (a magic 'psychological' number that pretty much proves it's all speculation). There's nothing more to see here, time to move on to the Next Big Thing.

Comment Re:Ummm Bullshit (Score 1, Interesting) 213

It isn't silver to BTC gold, it offers no great advantages over BTC hat can't be integrated into the bitcoin protocol if deamed worthy and you cant buy anything with it except other crypto-currencies.

This article is spam at best , a pump and dump endorsement at worst.

Sure, that's what they used to say about Bitcoin but look where Bitcoin is now.

Litecoin is the future!

Comment Re:The lesson in this (Score 1) 453

is NEVER carry sensitive information on you when entering an international airport. Use a clean computer/ personal devices when traveling and access all sensitive data in encrypted form from remote servers.

That's only of you've got data to hide.

Apparently they can steal your gadgets even without that.

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