Viewing profile — G3n0t

Non sense. Linux makes many details about computers much more explicit than Windows does. Even installing Ubuntu teaches you something about how computers boot, what partitions are…

The article does not contain many well founded arguments. However, I'd like to ask this question: Is an asset price inflation a Ponzi scheme? In other words: Would Bitcoin critics …

> But you can’t actually use Bitcoin for anything? Well, in US and Europe this is certainly true. I've yet to see a reasonably large shop accepting bitcoins. But my vision is blurr…

I didn't mean to imply Bitcoin shouldn't be criticized. But saying Bitcoin simply wastes energy by applying a "proof of work" scheme is totally naive. It's not easy to replace and …

Well, "SWIFT" international bank transactions require up to 5 work days. Here in Germany, sending money from one bank to another still takes at least one up to three _work_ days. S…

> Proof of work is inherently wasteful. But it's a necessary evil for a _distributed_ currency. It's a way to protect payment validation from being controlled by a single operator …

The question of value is one of the most fundamental ones in economic theory. It's got nothing to do with crypto currencies or technology in general. If you really want to understa…