Bitcoin And The Electronic Frontier Foundation

Jeffrey Paul sneak at datavibe.net
Mon Nov 15 11:22:20 PST 2010


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On 15 Nov, 2010, at 19:19 , coderman wrote:

>
> the cuda cards are killing bitcoin, why bother?
>
>   (i suppose it is an interesting footnote...)



Nothing could be further from the truth.  Mining/Minting operations have
little/nothing to do with the viability of the network itself.  It's a novel
way of dealing with inflation, but, if anything, the easy availability of
cheap and fast GPUs is accelerating adoption.

Opportunists will quickly drive the profit from generating down to almost
exactly that of the power costs, but that's to be expected.  They are also the
driving force behind a free market.  Or do you think they are killing those,
too? :)

- -jp

- --
========================================================
Jeffrey Paul        -datavibe-        sneak at datavibe.net
+1 (800) 403-1126              http://sneak.datavibe.net
    5539AD00 DE4C42F3 AFE11575 052443F4 DF2A55C2
           "Virtue is its own punishment."
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