Viewing profile — coinman

For anyone who's directing their rage at MtGox for this, that should not be the target. We should be outraged at the banking system and the lawmakers instead. They are the ones who…

A good comparison: Current estimated power consumption of the Bitcoin network: 1.67 Mega watts. (6,028.57 megawatt hours http://blockchain.info/stats ). Typical power generated by …

At present we're in a 'gold rush' phase, and the rewards from mining result with a large amount of resources being spent on it. Mining rewards will diminish over time so it will no…

In a way, bitcoin itself is not really a currency, or money, it's more like an idea for exchanging messages. Bitcoin is really a decentralized messaging system which relies on cryp…