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Julian Tosh (AgentZeroM)
Julian Tosh (AgentZeroM)
Works at CoinBus
Lives in Henderson, NV
Bitcoins security has a much larger field to bury the digital coins in. Consider the available space on earth where you can practically store/hide your PMs. How many cubic feet could thefe be available to you? Now consider the space available to hide your bitcoins... There are more private keys in bitcoin than there are atoms in the known universe. Think about that and let it sink in. And then consider that it is, while some what above the average users technical ability today, entirely possible to hide and spend your bitcoin in one of those large numbers from a completely offline computer where your secret is completely safe from hacking and malware.
Money is simply a ledger. The security of the ledger depends on the properties of good money it has: scarcity, fungibility, portability, consensus/acceptance, durability. History has proven gold/silver to be the overall best of all these properties. But now bitcoin will challenge the current champions and create new financial products and services the world could never have witnessed without it.
Gold/Silver is backed by the physics of the universe. We have conquered physics enough to make gold using a similar process to nature, but it is still quite expensive. Bitcoin is backed by mathematical rules that govern how the monetary system is inflated and operates. The strength for bitcoin is that no matter how much energy you apply to a system, no matter how you bend the time/space continuum, 1+1 will always equal 2. The blockchain, every transaction that has ever occured and will occur is secured by this infalable and uncounterfeitable math - regardless of any future technology or power innovations.
Zhou Tonged really stepping up his game with this awesome song/video. My new favorite.
$50 per bitcoin aint shit. Check this out: FINCEN has just opened the door for businesses and organizations to start experimenting with Bitcoin on a much larger scale.
Sorry to see fellow stackers missing the bitcoin train. All I can say is educate yourselves. Let your ignorance go and learn how to take advantage of bitcoins innovation. Hope you figure it out sooner than later. Good luck. Stack gold/silver/bitcoin : all are good money.
monetary units are limited to 21mm by a rule in the protocol that divides the block reward in half every 210,000 blocks that get created. a feedback loop built i to the protocol throttles block creation to once every ten minutes. the initial block reward was 50 bitcoins. this is sufficient information to calculate the maximum number of bitcoins that can be created. 50 bitcoins every 10 minutes for 210,000 blocks means about 10mm bitcoins in the first ~4years of operation. then the reward value calculates to 25 bitcoins every 10 minutes for the next 210,000 blocks. and so on, until the block reward equals less than one satoshi (smallest bitcoin unit) and no more bitcoins are created. inflation will happen for about 130 years. sometime before that, the incentive for processing transactions on the network will shift from inflation to voluntary transaction fees. read "satoshi white paper", 9 pages, for a more detailed explanation. i like your passion, keep it up!
You've misunderstood many things about bitcoin, specifically, there isn't 21 million bitcoins that can be created.. There is 2.1 QUADRILLION bitcoin "pennies" that can be created. Each bitcoin is divisible to 8 decimal places. @ $1000/XBT, you are actually buying 100,000 monetary units of Bitcoin. Keep researching.
Favorite Quote: "This is an entirely predictable and rational outcome for what’s happening in Cyprus,” says Nick Colas, chief market strategist at ConvergEx Group. “If you want to get a good sense of the stress European savers are feeling, just watch Bitcoin prices."
Calling all bitcoiners! If you need to buy any electronics or household items, PLEASE search bitcoinstore.com first. In order to renew their contract with Igram Micro, they need $750k in sales for March. There are a lot of eyes on this project and helping them succeed will do wonders for mainstream adoption.
Information Analysis, System Engineering, Networking, Security and Privacy Awareness
Certified Bitcoin Professional
- CoinBusOwner, 2014 - presentBitcoin Consultant
- NOS CommunicationsSenior Microsoft Engineer, 2012 - 2014
- Ericcson2011 - 2012
- Clearwire2010 - 2011
- MySpace2010 - 2010
- Nevada Cybercrimes Taskforce2007 - 2010
- Walt Disney Internet GroupSys Admin / Network Engineer, 2000 - 2007
- Ameriquest MortgageNetwork Engineer, 1999 - 2000
Tuxavant, Admiral Beotch
Bitcoin Crackhead 18wtU4
Computer Geek since 1982. Husband, Father, Bitcoin, Linux, Security, Privacy, Cryptography, Motorcycles, Firearms, Libertarian, Ron Paul, Techno, GoGo girls, Hookah.
BSA Merit for Metorious Action, Pistol Champion, Life long computer nerd, mined first Bitcoin on 2010-07-22. Defcon Speaker. My kid received MVH @ DefconKids twice in a row.
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