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Re: Cryptocurrency General/Discussion
I think bitcoin is the wave of the future, I love the fact that its decentralized and I agree almost entirely with kong. gold is good for nothing, theres a finite amount, that's why its such a good currency. Ive been getting into storing wealth in bitcoin and I love how the system is a 'no trust system'. You can keep your fund so secure that the most cost efficient way for someone to steal your funds is to beat the information out of you. Also, a lot of people think its a scam because of the volatility and the amount of scams that've been happening. Bottom line is that none of those scams are bitcoin's fault and you shouldn't keep your money on an exchange, its not a bank, like Kong said. A friend of mine has been depleting his Coinbase account because he doesn't want to get "gox'd". Im in the process of creating a split cold storage system to completely secure any funds I have.
On a side note, has anyone been getting into GPG signing? There's this cool website called Keybase that lets you assign your GPG to aliases that you have like a twitter account so that people can recognize the message as being signed by you easier, and also creates incentive not to scam because it'd destroy your reputation. Also GPG's can let you encrypt messages so that the only person who can decrypt it is the user who signed with their key. Cool way to keep incognito.
Im rather fresh to this but I have a friend who is already heavily into all of the technical know-how so he acts as a guide through all of it.
As far as your miners Kong, what exactly are they? And how much are you selling them for? And how are you getting them? You can easily advertise on different Bitcoin forums, but I could ask a friend if he's be interested. Ill look into it and all and see if it would be cost efficient for a few of my friends to start our own local pool.
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