- From: Joseph Potvin <jpotvin@opman.ca>
- Date: Fri, 13 Sep 2013 12:58:50 -0400
- To: Web Payments CG <public-webpayments@w3.org>
Bitcoin is scarce but an infinite number of technologically identical derivative crypto-currencies can be created. So is it not true to say that Bitcoin is only scarce based on brand loyalty? If/when Gitcoin and Hitcoin and Titcoin also come on the market, then what does the mathematical scarcity of Bitcoin really come to? Spock's darned "Parallel Universe Problem" https://www.youtube.com/watch?v=UfH-0VxMMsA&list=PLLRnlOrp03B0YZ3i5Q2JN_1JmTExP_Qr1 On Fri, Sep 13, 2013 at 12:30 PM, David I. Lehn <dil@lehn.org> wrote: > On Thu, Sep 12, 2013 at 7:53 PM, <eanders@pobox.com> wrote: >> $6,000 2T miners >> http://www.marketwatch.com/story/cointerra-introduces-two-low-cost-bitcoin-asic-mining-solutions-2013-09-12 >> > > $3500 for a "low-cost" "entry-level" model? And using some fuzzy > estimates, barely worth the risk and trouble at only a cumulative > profit over a year of ~50% the cost of the hardware itself. Then the > hardware loses money to operate. This is a strange game. > > http://mining.thegenesisblock.com/ > > -dave > -- Joseph Potvin Operations Manager | Gestionnaire des opérations The Opman Company | La compagnie Opman http://www.projectmanagementhotel.com/projects/opman-portfolio jpotvin@opman.ca Mobile: 819-593-5983 LinkedIn (Google short URL): http://goo.gl/Ssp56 -- Joseph Potvin Operations Manager | Gestionnaire des opérations The Opman Company | La compagnie Opman http://www.projectmanagementhotel.com/projects/opman-portfolio jpotvin@opman.ca Mobile: 819-593-5983 LinkedIn (Google short URL): http://goo.gl/Ssp56
Received on Friday, 13 September 2013 16:59:37 UTC