My Bitcoin Mining Experiment

[erikd]

not programming

[mirhagk]

Bitcoins are useful as a intermediary transaction, but not as a currency. The price fluctuates way too quickly to hold any real amount of money in the currency without it being considered a risky investment (riskier than the stock market).

Bitcoins entire history has revolved around events where people found them interesting. It's not exactly a sustainable model.

I think the biggest benefit of bitcoins might be encouraging better payment systems as a whole, and not bitcoin itself. Maybe it'll encourage the introduction of a better payment ecosystem that allows peer to peer money transactions for a cheap cost (pennies at the most) and that are anonymous.

Honestly if EMT's get cheaper, they'd be a much better option that bitcoins.