Topic: WANTED: Time Machine (Read 1010 times)
If I could send three messages back to my childhood self, they would be buy AMZN 1998, buy AAPL 2003 and buy BTC 2010
To give myself an Avalon in 2009.
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People would probably freak out, assume it's the gov, realize that you have way way too much hashpower and could execute a double spend attack easily, when you would stop mining the network will get stuck due to the difficulty.
Overall you would kill the economy.
All I have to say is if I could get a time machine screw trying to get bitcoin I go back in time with the specs for it and with it and win the lotto often xD.
Well, in 2009 the difficulty was "1" for quite a long time after the blockchain started - so even with solo CPU mining on some semi-decent CPU you'd make few MHash/s. And with difficulty 1 and 1 MHash/s (which is like single thread on Core2 Duo or similar CPU), you'd end up with about 10 blocks per day, so 500 BTC/day - without raising any suspicion by excessive hashing.
The problem was that not many people have thought bitcoin would have any value at all .... let alone value that high like it was recently (~ $260/BTC), so people looked at it that "if I run my CPU 100% for a day, I'll get something that perhaps is 50 cents worth" and nobody got idea that 500 BTC would have value about $130 000 dollars in a few years ....
The problem was that not many people have thought bitcoin would have any value at all .... let alone value that high like it was recently (~ $260/BTC), so people looked at it that "if I run my CPU 100% for a day, I'll get something that perhaps is 50 cents worth" and nobody got idea that 500 BTC would have value about $130 000 dollars in a few years ....
I definitely don't want to live in the past when it comes to bitcoin. That's why I built my first bitcoin mining rig almost a month ago today (April Fool's Day to be exact). LOL! I documented the historic life event on my blog: http://www.coinminingrigs.com/my-first-mining-rig/. Thanks to the value increase of bitcoin this year (2013) it is currently profitable to mine bitcoin this way. The future as always is dimly lit, however there will always be other opportunities and I will learn from the opportunities I take advantage of today, applying the knowledge I gain to future decisions. Sorry, that's a bit long winded, but you get the idea.
To give myself an Avalon in 2009.
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great idea! squish
I am a bit bummed that I did not join the bandwagon when I first heard of BTC 2-3 years ago. I even dl'ed the client and may have a small amount in a lost wallet. I did distributed.net without thinking about getting any return, and I remember thinking that BTC seemed like a cool project, but it just "floated away" from my mind.
Still - It's not to late, it's still in its infancy, and it's kinda fun to do a bit of trading on MtGox, even though I dont have much to trade with.
Still - It's not to late, it's still in its infancy, and it's kinda fun to do a bit of trading on MtGox, even though I dont have much to trade with.
Never life in the past. Future always has opportunities.
Thought experiments are always fun.
But you're still living in the present. So why not take the opportunities that are available now?
If bitcoin succeeds large scale it won't matter that much if you started back in 2009 or in 2013: It will improve your life.
But you're still living in the present. So why not take the opportunities that are available now?
If bitcoin succeeds large scale it won't matter that much if you started back in 2009 or in 2013: It will improve your life.
to buy 1000 bitcoins at $3 a piece
Remember the guy who bought a pizza with 10,000 BTC a few years ago? I would have liked to have received even the tip on that order! 
A time machine to buy thousands of btc when it was worth nothing
Future has the benefit that you don't muck w/ hash rate.
There is the travel in the past idea... traveling to the future could also be a good plan.
Take your small amt of bitcoin way to the future where the value has gone up because of widespread usage => scarcity. Buy some very valuable items, take them back, sell them for more BTC now. Rinse - repeat.
Take your small amt of bitcoin way to the future where the value has gone up because of widespread usage => scarcity. Buy some very valuable items, take them back, sell them for more BTC now. Rinse - repeat.
hell id go back to the first day of FTC mining as well
I have some spare Jigga-watts on my Flux Capacitor you can rent for 5000 BTC.
It's a bargain, don't you know!
It's a bargain, don't you know!
Great Scott!
I have some spare Jigga-watts on my Flux Capacitor you can rent for 5000 BTC.
It's a bargain, don't you know!
It's a bargain, don't you know!
i'll sell you mine! for 22 million BTC 
Good luck. 
ha-ha) 
To give myself an Avalon in 2009.
squish
squish
And?
You would start mining and the small bitcoin community of 2009 would notice something very strange and odd with th hashrate. Bitcoin would be redesigned or maybe even shut down.
So this is your plan? :-]
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