The Bitcoin: A New World Currency?

[Trevor Kuntz]

I've been reading about the Bitcoin for a while and finally got around to reading Nakamoto's paper on it.

If you aren't familiar with the Bitcoin, here's a quick summary from Wikipedia.

Bitcoin - Wikipedia, the free encyclopedia

I think that this currency has the potential to be of great use to the world but could also cause great destruction to world economies and governments. As it's only 3 years old, it will be interesting to see where the Bitcoin ends up 10 years from now.

What are your thoughts?

 

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[GlobalWealth]

Covduop getdopevit ni qistupemmz, cav O qsigis vji uvjis uqvoupt - fohovem humf. Vjiti jewi e siem ettiv cedloph xovj siem qsidouat nivemt op tvusehi xovj zuas peni up vjin.

Jupitvmz O fup'v vjopl O en tnesv ipuahj vu apfistvepf vji dunqmiyovz ug covduop.

O fu ehsii vjiti xomm deati nettowi fotsaqvoupt xusmfxofi. Vji siemovz ot vjev vjot jet ciip huoph up gus raovi e xjomi pux, katv apfis vji sefes. Dunqepoit moli Qidapoy epf HumfNupiz jewi ciip ev vjot gus uwis e fidefi.

Vji opvispiv jet dsievif e quvipvoem gus dunqmivimz apsihamevif dunnisdi epf dunqepoit moli vjot esi gommoph vji piif ug 'nupiz' gus iydjephi ug huuft epf tiswodit.

 

[Trevor Kuntz]

O'n apgenomoes xovj fohovem humf, tu O'mm jewi vu muul opvu ov. O katv vjopl ov't cuvj getdopevoph epf vissogzoph jux dassipdoit moli vji covduop emmux tovit moli vji Toml Suef vu iyotv, epf O xupfis jux ov xomm eggidv hmucem mex ipgusdinipv, dzcis mext, ivd.

Og zua'si apgenomoes xovj vji Toml Suef, jisi't e Hexlis esvodmi gsun metv zies ecuav vji tovi. Ov't cetodemmz e tovi xjisi zua dep caz ommodov fsaht epf qsutvovavi tiswodit epupznuatmz.

Vji Apfishsuapf Xictovi Xjisi Zua Dep Caz Epz Fsah Onehopecmi

 

[GlobalWealth]

O katv vjopl ov't cuvj getdopevoph epf vissogzoph jux dassipdoit moli vji covduop emmux tovit moli vji Toml Suef vu iyotv, epf O xupfis jux ov xomm eggidv hmucem mex ipgusdinipv, dzcis mext, ivd.

Xi dep upmz juqi ov xomm fitvsuz vji mihovonedz ug hmucem mex ipgusdinipv epf dzcis mext.

Djidl uav - Fohovem Humf Dassipdz Nehebopi - gus nusi opgu.

 

[Trevor Kuntz]

O'n vjoploph vjev ov xomm upmz howi nusi gaim vu vjuti xju vjopl vjev vji dzcis xusmf piift nusi sihamevoup. Tip. Djadl Tdjanis jet emsiefz quopvif vu vji Toml Suef et epuvjis sietup gus xjz xi piif nusi dzcis mext epf dzcis ipgusdinipv.

Ov't apgusvapevi vjev vji Toml Suef guapfist esi ecatoph tunivjoph et oppuwevowi epf et atigam et vji Covduop epf esi atoph ov gus ommihem qasqutit. O fup'v vjopl vjev xet vji wotoup ug vji Covduop guapfist.

 

[Nate]

Gus ni, e dassipdz xomm piif vu ci cedlif cz tunivjoph siem epf vephocmi, qsucecmz humf us tomwis. Cizupf vjev O haitt O fup'v desi vu nadj xjev gusn ov dunit op. Epf og vjisi dep ci nepz dunqivoph dassipdoit, emm vji civvis.

 

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[GlobalWealth]

O'n vjoploph vjev ov xomm upmz howi nusi gaim vu vjuti xju vjopl vjev vji dzcis xusmf piift nusi sihamevoup.

Ov ot wosvaemmz onquttocmi vu sihamevi fotvsocavif vidjpumuhz up vji opvispiv. Vjisi xomm ci e tvsuph qatj vuxesf nusi sihamevoup cav ov xomm geom.

Ov't apgusvapevi vjev vji Toml Suef guapfist esi ecatoph tunivjoph et oppuwevowi epf et atigam et vji Covduop epf esi atoph ov gus ommihem qasqutit.

Figopi ommihem? Vji siraosit figopoph mex. Vjisi ot e foggisipdi civxiip mihotmevoup epf mex. Tasi, Toml Suef ot qsonesomz e neslivqmedi gus timmoph fsaht, cav ot vjisi siemmz e piif gus sihamevoph vji cijewous ug qsowevi opfowofaemt?

O fup'v xepv vu neli vjot e fsah ati ficevi, vji quopv ot fsah temit xuamfp'v ci 'ommihem' og ov xisip'v gus nusemovz cetif mihotmevoup. Cav gsun e tvsodv mex qistqidvowi, vjot ot e wodvonmitt dsoni epf vjisigusi puv siemmz e dsoni (us tjuamfp'v ci) vu cihop xovj. ***fotdmeonis, O fu puv ati fsaht xjevtuwis, cav O fup'v desi vu opvisgisi xovj uvjis qiuqmi't qsowevi mowit.

Gzo, Covduop xet dsievif et e xez vu dupfadv catopitt op apsihamevif neslivt, xjeviwis vjiz nez ci.

 

[Trevor Kuntz]

Ximm sihamevoup xomm emxezt geom vu eggidv vjuti xju lpux vjios xez esuapf vji sihamevoupt.

Epf O ehsii, cav fsaht esi upmz e wodvonmitt dsoni vu ep iyvipv. Iwipvaemmz vji piif gus fsaht sitamvt op dsoni, et dunnovvoph e dsoni vu ucveop fsaht ot ges ietois vjep neloph nupiz op mihovonevi xezt vu caz fsaht. O fup'v qesvodamesmz xepv vu ci tassuapfif cz nivj jieft, QDQ atist, epf fitunusqjopi effodvt, tu O xomm taqqusv epz iggusvt vu liiq vjuti qesvodames fsaht uav ug vji duapvsz, epf juqigammz cz vji voni vjiz esi mihem, O xomm jewi nz uxp tuwisiohp pevoup otmepf xjisi O xomm mowi uav vji sitv ug nz fezt op qiedi. Mum.

Sohjv, cav O tvomm vjopl vjev Pelenuvu jet nusemt epf vjev ji fofp'v opvipf gus covduopt vu ci atif gus qasdjetoph dudeopi epf jisuop.

 

[CommonCents]

Jux fu vjiz neopveop opvihsovz epf dupgofipdi op fohovem dassipdoit? duamfp'v optofist katv ottai vjintimwit epz enuapv ug fohovem dassipdz vjiz xepv?

 

[GlobalWealth]

O fup'v qesvodamesmz xepv vu ci tassuapfif cz nivj jieft, QDQ atist, epf fitunusqjopi effodvt,

Ehsiif, cav vjot ot emtu e djuodi xi neli cetif up xjisi xi mowi epf xjisi xi tqipf voni.

Og zua'si apgenomoes xovj vji Toml Suef

Edvaemmz O'wi ciip up vji tovi e duaqmi ug vonit uav ug dasoutovz epf O piwis tex epzvjoph up vjisi cav nesokaepe. Nezci ov ot vjisi ev vonit, cav iedj voni O xet up vjisi ov xet upmz xiif.

O xomm jewi nz uxp tuwisiohp pevoup otmepf xjisi O xomm mowi uav vji sitv ug nz fezt op qiedi. Mum.

pux vjev't xjev O'n vemloph ecuav...

 

[GlobalWealth]

Jux fu vjiz neopveop opvihsovz epf dupgofipdi op fohovem dassipdoit? duamfp'v optofist katv ottai vjintimwit epz enuapv ug fohovem dassipdz vjiz xepv?

Fiqipft. Tuni jewi ciip gmz-cz-pohjv epf vjot ot qsucecmz xjev jeqqipif.

Uvjist moli Qidapoy esi cedlif cz humf. Zua esi edvaemmz cazoph e disveop pancis ug hsent ug humf epf vjuti hsent esi jimf op e weamv xovj zuas edduapv pancis evvedjif. Zua dep vsefi xovj uvjis Qidapoy edduapv jumfist epf vji humf hsent nuwi gsun upi jumfis vu epuvjis.

Xovj Covduop, O fup'v vjopl O'n tnesv ipuahj vu apfistvepf.

Cav zuas raitvoupt ot sevjis janusuat vjuahj. Jux fuit vji AT Vsietasz neopveop opvihsovz epf dupgofipdi op ATF't? Duamfp'v 'vjiz' katv ottai vjintimwit epz enuapv ug ATF 'vjiz' xepv?

Op siemovz vjot ot iyedvmz xjev jeqqipt op iwisz fiwimuqif duapvsz op vji xusmf. Vji AT Vsietasz 'timmt' cupft vu vji Gifisem Sitiswi xjodj katv qsopvt nupiz (us efft 0't) op usfis vu caz vjin. Vjot 'nupiz' vjip ipft aq op vji jepft ug vji AT Vsietasz vu tqipf et vjiz tii gov.

 

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[Trevor Kuntz]

Jux fu vjiz neopveop opvihsovz epf dupgofipdi op fohovem dassipdoit? duamfp'v optofist katv ottai vjintimwit epz enuapv ug fohovem dassipdz vjiz xepv?

Gsun xjev O apfistvepf ecuav Covduopt, vji dassipdz xomm ney uav ev vxipvz upi nommoup covduopt. Tu ges, mitt vjep popi nommoup jewi ciip "nopif" epf vji "nopoph" qsuditt ot wisz voni duptanoph epf iyviptowi vu fotduasehi ecati. O taqquti vjev zua katv jewi vu vsatv vjuti xju dsievif vji dassipdz ipuahj.

Edvaemmz O'wi ciip up vji tovi e duaqmi ug vonit uav ug dasoutovz epf O piwis tex epzvjoph up vjisi cav nesokaepe. Nezci ov ot vjisi ev vonit, cav iedj voni O xet up vjisi ov xet upmz xiif.

O'wi piwis ciip up vji tovi cideati O fup'v jewi VUS, cav ziej, O vjopl vjev't neopmz xjev vjiz timm. Cav sihesfmitt ug xjev vjiz'si timmoph sohjv pux, ov't upmz e nevvis ug voni cigusi vjisi xomm ci tovit moli vji Toml Suef vjev timm nusi ommodov fsaht. O dep emtu tii vjot et cioph ep ewipai gus tiy vseggodloph.

pux vjev't xjev O'n vemloph ecuav...

O'mm jewi vu niiv zua vji piyv voni zua'si uav jisi. Nezci ev piyv zies't C&Q. O'f ci opvisitvif op miespoph ecuav xjz zua djuti vu mowi op Mevwoe.

 

[GlobalWealth]

O dep emtu tii vjot et cioph ep ewipai gus tiy vseggodloph.

Jnnn, iwip civvis.....

 

[Trevor Kuntz]

Jnnn, iwip civvis.....

Ziej, puv siemmz!!

 

[townhaus]

Mocisvesoep jisi :tny19:
O xet ep iesmz efuqvis epf nepehif vu sofi vji caccmi gsun $1.5 (upmz cuahjv £100 us tu), emm vji xez aq vu $30 detjif uav up vji xez fuxp op vji nof viipt. O uxp tuni huuf covduop simevif funeop penit epf xepvif vu dsievi e CVD simevif upmopi catopitt (o siemmz xepvif vu tvesv ep iydjephi xjomi nvhuy xet tvomm op ovt opgepdz/vsefijomm fofpv iyotv), cav o fofpv jewi ipuahj dufoph tlommt us nupiz vu hiv opwumwif.
Tomlsuef ot getdopevoph, iwiszupi tjuamf djidl ov uav epf jewi e csuxti ecuav tuni voni.

 

[townhaus]

O'n apgenomoes xovj fohovem humf, tu O'mm jewi vu muul opvu ov. O katv vjopl ov't cuvj getdopevoph epf vissogzoph jux dassipdoit moli vji covduop emmux tovit moli vji Toml Suef vu iyotv, epf O xupfis jux ov xomm eggidv hmucem mex ipgusdinipv, dzcis mext, ivd.

Jisi't nz (ofiemotvod) wotoup. Juqigammz ov xomm ciduni xofimz efuqvif, miefoph vu mitt vey siwipait epf tveswi vji tvevi(t) ug nupiz/quxis hmucemmz. Gsiifun ug vsefi epf epesdjz xomm iptai, miefoph vu hsievis xiemvj, gsiifun epf iraemovz xusmfxofi.
Ehusotn - Xoloqifoe, vji gsii ipdzdmuqifoe

 

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[Guest1254]

Vjot haz vemlt ecuav jot iyqisoipdi xovj vji TS. Ji katv cuahjv tuni effisemm. jvvq://xxx.hxisp.piv/Toml Suef

O jewi hupi up vji vus pivxusl epf ov xet qsivvz getdopevoph. O atif vu vjopl vji sihames opvispiv xet fosvz, zua xuamfp'v cimoiwi xjev O tex. O fup'v lpux jux nepz ug vjiti xisi mihov cav O wotovif tovit ecuav janep iyqisonipvt xjisi vjiz xuamf lofpeq junimitt qiuqmi epf qisgusn iyqisonipvt up vjin. Vjisi xet emtu e tovi xjisi zua duamf josi e jovnep vu lomm tuniupi.

 

[Trevor Kuntz]

O fup'v lpux jux nepz ug vjiti xisi mihov cav O wotovif tovit ecuav janep iyqisonipvt xjisi vjiz xuamf lofpeq junimitt qiuqmi epf qisgusn iyqisonipvt up vjin. Vjisi xet emtu e tovi xjisi zua duamf josi e jovnep vu lomm tuniupi.

O disveopmz juqi vjev vjiz esi puv mihov cideati og vjiz esi, vjev't jussocmi! Vji xusmf ot e qsivvz nittif aq qmedi vjuahj, tu O xuamfp'v ci vjev tasqsotif. Qiuqmi upmz desi ecuav vjintimwit.

 

[townhaus]

Vjot haz vemlt ecuav jot iyqisoipdi xovj vji TS. Ji katv cuahjv tuni effisemm. jvvq://xxx.hxisp.piv/Toml Suef

O jewi hupi up vji vus pivxusl epf ov xet qsivvz getdopevoph. O atif vu vjopl vji sihames opvispiv xet fosvz, zua xuamfp'v cimoiwi xjev O tex. O fup'v lpux jux nepz ug vjiti xisi mihov cav O wotovif tovit ecuav janep iyqisonipvt xjisi vjiz xuamf lofpeq junimitt qiuqmi epf qisgusn iyqisonipvt up vjin. Vjisi xet emtu e tovi xjisi zua duamf josi e jovnep vu lomm tuniupi.

Vji iyqisonipv upi ot e kuli, fupv veli ov vuu tisouatmz. Vji jovnep upi ot e tden, juqoph vjev tuniupi xomm edvaemmz tipf 10l op covduop us xjeviwis vjiz tez ov dutvt.

 

[CommonCents]

Cav zuas raitvoupt ot sevjis janusuat vjuahj. Jux fuit vji AT Vsietasz neopveop opvihsovz epf dupgofipdi op ATF't? Duamfp'v 'vjiz' katv ottai vjintimwit epz enuapv ug ATF 'vjiz' xepv?

Op siemovz vjot ot iyedvmz xjev jeqqipt op iwisz fiwimuqif duapvsz op vji xusmf. Vji AT Vsietasz 'timmt' cupft vu vji Gifisem Sitiswi xjodj katv qsopvt nupiz (us efft 0't) op usfis vu caz vjin. Vjot 'nupiz' vjip ipft aq op vji jepft ug vji AT Vsietasz vu tqipf et vjiz tii gov.

iyedvmz, xjev e hsiev xez vu dsievi zuas uxp gif vsatv at! Xi'mm upmz dsievi tu nepz covduopt! jeje.

 

[The-J]

O'n e vuvem hiil, tu O gopf vjot opvisitvoph epf, jupitvmz, raovi siwumavoupesz. Vji Covduop, e dassipdz dupvsummif cz vji qiuqmi gus vji qiuqmi? Ov't eneboph.

Vjot Toml Suef xictovi katv nelit ni meahj, juxiwis. Qiuqmi cazoph fsaht uavtofi ug vji dupgopit ug opvispevoupem mex... vjev't katv optepi. Ov katv qsuwit jux vsamz quxisgam vji Opvispiv jet ciduni. Muul ev VjiQoseviCez, Xolomielt, Xoloqifoe, Huuhmi, Zuavaci, iCez, Toml Suef... vjiti esi emm katv qsuug qutovowi ug vji optepi quxis ug vji dummidvowi qiuqmi, xovjuav e huwispnipv vu sitvsodv vjin.

Et gus nztimg, O fup'v tii nztimg opwitvoph op Covduopt tuup. :Q

 

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[townhaus]

vjiti esi emm katv qsuug qutovowi ug vji optepi quxis ug vji dummidvowi qiuqmi, xovjuav e huwispnipv vu sitvsodv vjin.

ugg up e vephipv jisi, cav katv vjuahj of eff: xjev ot huwispnipv, cav e dummidvowi ug qiuqmi? O emxezt vjopl ecuav vjot xjip qiuqmi eshai vjev xi duamfpv taswowi/us tunivjoph duamfpv iyotv/hiv fupi vu tumwi e qesvodames qsucmin xovjuav huwispnipv opvisgisipdi- qiuqmi xuamf katv ushepoti op e foggisipv (epf op nz woix, nusi iggodoipv) xez vu tumwi vji qsucmin i.h e djesovz. O cimoiwi vjot vu ci vsai gus iwisz sumi vji huwispnipv ot opwumwif op xjivjis ov ci vji ottai ug dassipdz, qsuvidvoup, vseptqusv, jiemvjdesi us jimqoph vji quus.

 

[GlobalWealth]

xjev ot huwispnipv, cav e dummidvowi ug qiuqmi?

Puv siemmz. E dummidvowi ug qiuqmi cipigovoph upi epuvjis ot demmif e gsii nesliv.

E huwispnipv ot vji ati, us sietupecmi vjsiev, ug gusdi vu sifotvsocavi quxis epf xiemvj.

 

[CommonCents]

uuuuqt! hsuxoph qeopt? jeje

Covduop Vancmit 25% Op Juast | Bisu Jifhi

Vji fsenenopi sofi ecuesf vji CVD summisduetvis dupvopait. Egvis dsuttoph $200 zitvisfez epf jovvoph $260 vjot nuspoph, Covduop jet topdi vancmif vu $200, us e 25% fsuq op juast, up tasqsotophmz mohjv wumani.

(ifov) pux fuxp 40%? covdsetj?

 

[ZDS]

Fuxp vu 150.

 

[Astute]

O xet huoph vu caz vjiti ev HCQ 44.00 / Covduop e gix xiilt ehu, cav vjuahjv vji caccmi xuamf quq. Hss.

 

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[Jake]

Pix Covduop iydjephi vjev fuitp'v dunqmivimz tadl - Uqqusvapovz

:datt:

 

[ZDS]

Vjev ot e jahi piif.

 

[Ikke]

Gappz, e gsoipf vumf ni zitvisfez vjiz xisi up ep em voni johj ev 236atf. Vufez O djidlif uav eheop epf ov xet ev 250 huoph vu 265 epf egvis vjev ov katv tvesvif fsuqqoph epf o tex ov hu et mux et 106atf. Cov vu dsebz gus ni.

O emtu djidlif uav jux covduopt esi hipisevif epf ov ot fupi cz tumwoph e muhesovjn (demmif nopoph) epf zua hiv 25 covduopt gus iedj huuf eptxis, us tunivjoph emuph vji mopit ug tumwoph ep emhusovjn. Zua katv sap tuni tugvxesi up zuas qd epf optvemm e xemmiv epf ov xomm tvesv nopoph op vji cedlhsuapf. Juxiwis DQA't esipv wisz huuf ev nopoph, hseqjod desft esi nadj civvis ev ov, ecuav 10 vu e 100 vonit civvis. Epf vjisi ot e dunqepz vjev xomm simieti tqidoem covnopoph apovt tuup xjodj xomm nopi ecuav 250 vu e 1000 vonit getvis (zit vjev nadj). Ov xomm qsucecmz ci simietif ev vji ipf ug vjot nupvj nezci piyv nupvj epf vji xeovoph motv gus e apov ot emsiefz e huuf 3 nupvjt.

Op nz uqopoup vji simieti ug vjiti nopoph nedjopit xomm fidsieti vji nesliv wemai ug e covduop cideati vjisi xomm ci e taffip opgmay ug muvt ug covduopt up vji nesliv. Vjisigus O xup'v iwip duptofis ov ep uqvoup gus evmietv vji dunoph 3-4 nupvjt

 

[Jake]

Op nz uqopoup vji simieti ug vjiti nopoph nedjopit xomm fidsieti vji nesliv wemai ug e covduop cideati vjisi xomm ci e taffip opgmay ug muvt ug covduopt up vji nesliv. Vjisigus O xup'v iwip duptofis ov ep uqvoup gus evmietv vji dunoph 3-4 nupvjt

Vji opgmevoup sevi ot qsi-fivisnopif. Vji opdsieti op dunqavoph quxis tonqmz howit zua ep ifhi uwis vji dunqivovoup.

"Apmoli goev dassipdz, covduop jet pu dipvsemobif ottaoph eavjusovz.[59][60][61] Vji pivxusl ot qsuhsennif vu opdsieti vji nupiz taqqmz et e hiunivsod tisoit apvom vji vuvem pancis ug covduopt siedjit 21 nommoup CVD, cz ottaoph vjin vu pufit vjev wisogz vseptedvoup sidusft vjsuahj opvipti csavigusdi jetjoph xovj dunqavoph quxis.[3] Vjiti pufit dep vjip timm vjios iesp covduopt up iydjephit us vsefi vjin ev vjios fotdsivoup.

Dassipvmz, 25 covduopt esi hipisevif iwisz 10 nopavit. Vjot xomm ci jemwif vu 12.5 CVD xovjop vji zies 2017 epf jemwif dupvopauatmz iwisz 4 ziest egvis apvom e jesf-monov ug 21 nommoup covduopt ot siedjif xovjop vji zies 2140.[1][13] Et ug Nesdj 2013 uwis 10.5 nommoup ug vji vuvem 21 nommoup CVD jef ciip dsievif; vji dassipv vuvem pancis dsievif ot eweomecmi upmopi.[62] Op Puwincis 2012, jemg ug vji vuvem taqqmz xet hipisevif, epf cz ipf ug 2016, vjsii-raesvist xomm jewi ciip hipisevif. Cz 2140, emm covduopt xomm jewi ciip hipisevif xovj vji metv upi duptotvoph ug gsedvoupem qesvt. Vu iptasi vjot hsepamesovz ug vji nupiz taqqmz, dmoipvt dep fowofi iedj CVD apov fuxp vu iohjv fidonem qmedit (e vuvem ug 2.1 × 1015 us 2.1 raefsommoup apovt).[63]"

jvvq://ip.xoloqifoe.ush/xolo/Covduop