[HH] Bitcoin mining hardware

[Ben Eisenbraun]

On Thu, Apr 18, 2013 at 02:30:13PM -0500, Greg London wrote:
> I haven't been able to find somethign the describes
> the algorithm needed to generate a new "coin",
> but if it takes significantly less time/energy
> to generate a coin than the $100 they trade for,
> then I don't understand how this is anything other
> than a bubble.

Do you also think there is $100 worth of paper and ink in a 100 dollar
bill?

Bitcoin is fiat money just like the US dollar and all the others. Its
value is determined by the people who are willing to use it for trade.

-ben

--
a good horse runs even at the shadow of a whip.               <buddha>